NOT LISTED FOR SALE

1202 S Roosevelt St Unit 50 Tempe, AZ 85281

Mitchell Park East Neighborhood

Estimated Value: $390,000 - $547,000

0.23 Acre
$2,112,791 Price per Acre
9,872 Sq Ft Lot

Last Sold June 01, 2022

Last sale price $700,000

Est. 23% decrease in value since last sale

Current estimated payment $3,091/month

6 Days on Market

About This Lot

As of June 2022

TWO R-2 multi-family zoned lots corner near DWTWN Tempe/ASU. Recent lot split application allows for TWO homes each w/TWO UNITS per home - 2,200 sq.ft. main home w/800 sq. ft. rental above 2-car garage. (When you build 2 new houses you end up w/ four units total on 2 adjacent lots) 1 of the new homes will face Roosevelt the other 12th Street. Purchase includes shovel ready architectural/engineered building plan approved by the city. You are not required to use our plans but the lot purchase price reflects the cost of the architect, engineer and survey. New homeowner can offset mortgage w/ unit over the garage. Add a basement to these plans and you have three levels. Very desirable ASU neighborhood w/ new homes on each corner of 12th/Roosevelt.

Last Agent to Sell the Property

Claudine Tseffos

HomeSmart License #SA540361000 Listed on: 04/06/2022

HomeSmart

Co-Listed By

Steve Tseffos

HomeSmart Realty License #SA510838000

Last Buyer's Agent

Adam Watkins

LRA Real Estate Group, LLC License #SA634629000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,796

Lot Details

  • 9,872 Sq Ft Lot
  • Corner Lot
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned R2

Schools

  • Broadmor Elementary School
  • Mckemy Middle School
  • Tempe High School

Community Details

  • No Home Owners Association
  • State College Homes Annex Lots 50 54 Subdivision

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 124-70-140

Property Details

Property Type

Land

Est. Annual Taxes

$1,796

Lot Details

0

Listing Details

  • Cross Street: Mill & University
  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: R2
  • Tax Year: 2021
  • Directions: South to 13th street West on 13th street to Roosevelt. North to property
  • Horses: No
  • Lot Size Acres: 0.23
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: STATE COLLEGE HOMES ANNEX LOTS 50-54
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: See Remarks, Multi-Family

Exterior Features

  • Lot Features: Corner Lot
  • Disclosures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: each lot 63 x 79
  • Lot Size Sq Ft: 9872.0
  • Number Of Lots: 2
  • Additional Parcels: Yes
  • Parcel #: 124-70-140
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1796.0
  • Tax Book Number: 124.00
  • Tax Lot: 50
  • Tax Map Number: 70.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 16, 2022
Sold by
Roosevelt Street Investments Llc
Bought by
Cutlip Dana and Cutlip Virginia
Seller's Agent
Claudine Tseffos
HomeSmart
Buyer's Agent
Adam Watkins
LRA Real Estate Group, LLC
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$539,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,398
Avg. Annual Appreciation
-8.48%
Original Mortgage
$300,000
Outstanding Balance
$285,789
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$241,891

Purchase Details

Closed on
Mar 31, 2010
Sold by
Tseffos Steven A
Bought by
Roosevelt Street Investments Llc

Purchase Details

Closed on
Dec 29, 2000
Sold by
Jaeger Anthony Jerome and Estate Of Al Marvin Jaeger
Bought by
Franklin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.71%

Purchase Details

Closed on
Dec 22, 2000
Sold by
Franklin Properties Llc
Bought by
Tseffos Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cutlip Dana $700,000 Old Republic Title
Roosevelt Street Investments Llc -- None Available
Franklin Properties Llc $102,500 Capital Title Agency
Tseffos Steven A $130,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cutlip Dana $300,000
Previous Owner Tseffos Steven A $124,000
Previous Owner Tseffos Steven A $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $700,000 0.0% --
04/11/2022 04/11/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $700,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,627 $16,801 -- --
2024 $1,607 $16,001 -- --
2023 $1,607 $35,450 $7,090 $28,360
2022 $1,535 $29,420 $5,880 $23,540
2021 $1,796 $27,180 $5,430 $21,750
2020 $1,741 $23,700 $4,740 $18,960
2019 $1,708 $18,720 $3,740 $14,980
2018 $1,666 $17,650 $3,530 $14,120
2017 $1,616 $14,820 $2,960 $11,860
2016 $1,605 $14,680 $2,930 $11,750
2015 $1,541 $13,110 $2,620 $10,490
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Claudine Tseffos

    HomeSmart

    Section Image
  • Steve Tseffos

    Seller Co-Listing Agent in 2022

    Steve Tseffos

    HomeSmart Realty

    (480) 203-6699

    1 in this area

    2 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Adam Watkins

    LRA Real Estate Group, LLC

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6379140

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-140

Arizona Maricopa County Tempe 85281 Mitchell Park East

1202 S Roosevelt St Unit 50, Tempe, AZ

This home is located at 1202 S Roosevelt St Unit 50, Tempe, AZ 85281 since 06 April 2022 and is currently estimated at $485,942. 1202 S Roosevelt St Unit 50 is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and New School for the Arts & Academics.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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