NOT LISTED FOR SALE

1214 W 5th St Tempe, AZ 85281

Downtown Tempe Neighborhood
-- Beds
-- Baths
1,742 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: March 1, 2019

Last sale price $3,073,500 $1,764 Per Sq Ft

33 Days on Market

Highlights

  • Wood Flooring
  • 23 Car Attached Garage
  • Heat Pump System

About This Home

As of March 2019

Community of 7 highly-upgraded, individually-metered townhomes located in an OPPORTUNITY ZONE! Units can be rented for an avg of $3000/mo or sold individually. These luxurious, detailed and well planned 3 bed, 3 bath urban townhomes have all the lavish finishes you would expect in a custom home- including attached 2 car side-by-side garage, and open floor plans with dual-master bedrooms! The homes are solidly crafted with insulated interior walls, soaring ceilings, and solid core doors. Upgraded finishes in each unit total over $100k and smart kitchen appliances are all included. In demand, convenient, urban location only 1 mile from ASU and close to the 202, tempe town lake business parks, and PHX airport. List price is already below replacement cost and current construction cost

Last Agent to Sell the Property

Shelby Haugen

HomeSmart License #SA660002000 Listed on: 01/06/2019

HomeSmart

Last Buyer's Agent

Todd Gulinson

RE/MAX Fine Properties License #BR641060000

RE/MAX Fine Properties
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,492

Year Built

  • Built in 2018

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Metal Roof
  • Foam Roof
  • Siding
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 23 Car Attached Garage
  • 9 Open Parking Spaces
  • Automatic Garage Door Opener

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Underground Utilities

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 1-7
  • Assessor Parcel Number 124-28-185

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 19721
  • 5Th Street Townhouses Subdivision

Building Details

  • Operating Expense $40,786
  • Net Operating Income $212,681

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,492

Year Built

Built in 2018

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Cross Street: Rio Salado Pkwy & Priest Dr
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: [R1-PAD]
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2018
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: 5TH STREET TOWNHOUSES
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Ceramic Tile, Wood
  • Appliances: Other (See Remarks), BI Oven/Range, F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Brick Veneer, Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Foam, Metal
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 14.0
  • Parking Features: Paved Parking, Add'l Parking Avail, Auto Door Opener, Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 23.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 23.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: SRP, Underground
  • Cooling: Electric, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 513.0

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 19721
  • Additional Parcels: Yes
  • Parcel #: 124-28-185

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 472.0
  • Insurance Expense: 8309.0
  • Property Net Operating Income: 212681.0
  • Annual Operating Expense: 40786.0
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 25492.0
  • Tax Book Number: 124.00
  • Tax Lot: 1-7

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Tempe, AZ

  • Michele Baker Real Estate Agent - Coldwell Banker Realty

    Michele Baker

    Coldwell Banker Realty

    (623) 469-4512

    29 Total Sales

    1 in Downtown Tempe

    $295,000 Price

    Michele Baker
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  • Alexandra Komichak Real Estate Agent - eXp Realty

    Alexandra Komichak

    Responds Quickly

    eXp Realty

    (412) 912-4506

    67 Total Sales

    1 in Downtown Tempe

    $425,000 Price

    Alexandra Komichak
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  • Braden Johnson Real Estate Agent - Limitless Real Estate

    Braden Johnson

    Limitless Real Estate

    (877) 629-6469

    150 Total Sales

    1 in Downtown Tempe

    $460,000 Price

    Braden Johnson
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  • Steven Ringenbach Real Estate Agent - The Valley of the Sun Realty LLC

    Steven Ringenbach

    The Valley of the Sun Realty LLC

    (855) 370-0561

    88 Total Sales

    1 in Downtown Tempe

    $750,000 Price

    Steven Ringenbach
     Section Image
  • Stephen Liby Real Estate Agent - HomeSmart

    Stephen Liby

    HomeSmart

    (623) 254-1098

    33 Total Sales

    1 in Downtown Tempe

    $410,000 Price

    Stephen Liby
     Section Image
  • Patricia Gore Real Estate Agent - Coldwell Banker Realty

    Patricia Gore

    Coldwell Banker Realty

    (623) 526-5588

    61 Total Sales

    1 in Downtown Tempe

    $500,000 Price

    Patricia Gore
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $3,073,500 -4.7% $1,764 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
01/06/2019 01/06/19 For Sale $3,224,000 -- $1,851 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • SH

    Seller's Agent in 2019

    Shelby Haugen

    HomeSmart

    (480) 585-7070

    1 Total Sale

    Shelby Haugen
    Section Image
  • Todd Gulinson Real Estate Agent - RE/MAX

    Buyer's Agent in 2019

    Todd Gulinson

    RE/MAX

    (480) 662-2469

    52 Total Sales

    Todd Gulinson
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5864137

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-023

Arizona Maricopa County Tempe 85281 Downtown Tempe

1214 W 5th St, Tempe, AZ

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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