NOT LISTED FOR SALE

Estimated Value: $581,518 - $690,000

4 Beds
-- Bath
1,800 Sq Ft
$359/Sq Ft Est. Value

Last Sold November 09, 2016

Last sale price $210,000 $117 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $3,709/month

126 Days on Market

Highlights

  • Multiple cooling system units
  • 2-minute walk to Mcclintock Dr/Apache Blvd
  • Carpet
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of November 2016

The lowest priced multi-dwelling in all of Tempe! 1-year warranty included with HSA! Steps away from the McClintock/Apache light rail station, this duplex is ideal for renters who attend ASU, MCC, or any of the other great schools nearby. At 900 sf per unit, and 2 bedrooms, this property can be ideal for small families, or roommates who can split the cost of rent. Clean and in working order, this is a fantastic investment property for anyone looking to make a return. Brand new carpet in Unit B. Seller was tenant with friends. Rent was never maximized. Property receives several calls a week from potential renters, despite no marketing for rent. Buyer can decide who to place and for how much. Rents in area are from 800-1000 depending on what you want to do with the property.

Last Listed By

Britt Wallace

HomeSmart License #SA658340000 Listed on: 06/16/2016

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,115

Year Built

  • Built in 1971

Lot Details

  • 6,795

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 68
  • Assessor Parcel Number 132-61-068-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6787
  • Borden Homes Subdivision

Building Details

  • Operating Expense $2,077
  • Net Operating Income $14,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,115

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: E. Apache Blvd. & S. McClintock Dr.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2015
  • Directions: From the 202 Red Mountain Fwy, exit McClintock heading South. Turn Right on E. 12th St. Immediate left into drive. Second building on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: BORDEN HOMES
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Electric, Ceiling Fan(s)
  • Heating: Central, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 62.08
  • Annual Water Sewer Expense: 900.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 6787
  • Additional Parcels: No
  • Parcel #: 132-61-068-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Property Net Operating Income: 14722.92
  • Annual Operating Expense: 2077.08
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1115.0
  • Tax Book Number: 132.00
  • Tax Lot: 68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2019
Sold by
Cagle Ryan Heather and Ryan John H
Bought by
Stevenson Catherine and Brown Stevenson Eli
Total Days on Market
126
Current Estimated Value
$645,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2016
Closed on
Dec 20, 2016
Sold by
Cagle Ryan Heather
Bought by
Cagle Ryan Heather and Ryan John H
Seller's Agent
Britt Wallace
HomeSmart
Buyer's Agent
Heather Cagle-Ryan
E & G Real Estate Services
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.51%
Original Mortgage
$168,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2016
Closed on
Nov 3, 2016
Sold by
Dyer Joshua R and Dyer Michael R
Bought by
Cagle Ryan Heather
Seller's Agent
Britt Wallace
HomeSmart
Buyer's Agent
Heather Cagle-Ryan
E & G Real Estate Services
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2003
Sold by
Herron Arthur E
Bought by
Dyer Joshua R and Dyer Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,252
Interest Rate
5.15%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2003
Sold by
Selaya Sally D
Bought by
Herron Arthur E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,252
Interest Rate
5.15%
Mortgage Type
FHA

Range of Values:

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Average Value
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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
Stevenson Catherine $293,000 Empire West Title Agency Llc
Cagle Ryan Heather -- Accommodation
Cagle Ryan Heather $210,000 Magnus Title Agency
Dyer Joshua R $145,500 Transnation Title Ins Co
Herron Arthur E -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stevenson Catherine $235,000
Closed Stevenson Catherine $219,750
Previous Owner Cagle Ryan Heather $168,000
Previous Owner Dyer Joshua R $37,500
Previous Owner Dyer Joshua R $143,252
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2016 11/09/16 Sold $210,000 -4.5% $117 / Sq Ft
09/16/2016 09/16/16 Price Changed $220,000 -8.3% $122 / Sq Ft
06/16/2016 06/16/16 For Sale $240,000 -- $133 / Sq Ft
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 $1,361 $12,154 -- --
2024 $1,345 $11,575 -- --
2023 $1,345 $47,980 $9,590 $38,390
2022 $1,290 $33,160 $6,630 $26,530
2021 $1,299 $28,700 $5,740 $22,960
2020 $1,260 $25,660 $5,130 $20,530
2019 $1,236 $20,770 $4,150 $16,620
2018 $1,205 $19,620 $3,920 $15,700
2017 $1,169 $16,310 $3,260 $13,050
2016 $1,161 $15,020 $3,000 $12,020
2015 $1,115 $12,780 $2,550 $10,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5459138

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-61-068A