Seller's Agent in 2025
Brad Skenderian
Matthews Real Estate Investment Services
(949) 533-5594
1 in this area
15 Total Sales
1217 W Southern Ave Tempe, AZ 85282
West Tempe Neighborhood
--
Bed
--
Bath
800
Sq Ft
9,278
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- No Heating
About This Home
As of April 20251217 W Southern Ave is a 4-unit multifamily community located in the West Tempe Submarket of Tempe, AZ. This asset is strategically positioned within close proximity to the ASU Tempe campus, and features 100% two-bedroom, 1 bathroom floorplans averaging approximately 750 sq. ft. The building underwent a significant renovation in 2017 and has a new roof along with on-site laundry and storage. Each unit features fully renovated interiors and a gated patio area, with a current average rent of $1,738/month. This is a unique opportunity to acquire a turn-key asset located in a highly desirable location.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #SA692958000 Listed on: 02/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,533
Year Built
- Built in 1970
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 8 Parking Spaces
- Carport
Utilities
- Cooling Available
- No Heating
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 123-42-069
Community Details
Overview
- 4 Units
- Building Dimensions are 9250
- Westway Park Subdivision
Building Details
- Operating Expense $9,557
- Gross Income $87,210
- Net Operating Income $57,391
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2025
Closed on
Mar 6, 2025
Sold by
Booza I Llc
Bought by
Connally Nolan
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Keri Means
Wise Realty AZ
List Price
$949,500
Sold Price
$840,000
Premium/Discount to List
-$109,500
-11.53%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,006
Avg. Annual Appreciation
3.52%
Original Mortgage
$756,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 31, 2023
Sold by
Salamy Family Revocable Trust
Bought by
Booza I Llc
Purchase Details
Closed on
Jun 9, 2023
Sold by
Salamy Family Revocable Trust
Bought by
Booza I Llc
Purchase Details
Closed on
Aug 6, 2020
Sold by
Salamy Allyson
Bought by
Salamy Raymond C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,800
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 2018
Sold by
Salamy Raymond Christopher
Bought by
Booza Llc
Purchase Details
Closed on
Nov 6, 2017
Sold by
Salamy Allyson
Bought by
Salamy Raymond Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 25, 2017
Sold by
Jbm Holdings Llc
Bought by
Stephen Mora Pllc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 2017
Sold by
Bryan Schlueter Pllc
Bought by
Jbm Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
May 8, 2017
Sold by
Walton Enterprises Llc
Bought by
Bryan Schlueter Pllc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 23, 1999
Sold by
Raby Burgess J W and Raby William L
Bought by
Walton Enterprises Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $840,000 | First American Title Insurance | |
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Warranty Deed | $495,000 | Driggs Title Agency Inc | |
| Warranty Deed | $317,500 | Pioneer Title Agency Inc | |
| Warranty Deed | $289,000 | Empire West Title Agency | |
| Warranty Deed | $255,000 | Empire West Title Agency | |
| Warranty Deed | $149,900 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $756,000 | New Conventional | |
| Previous Owner | $370,800 | New Conventional | |
| Previous Owner | $371,250 | New Conventional | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $291,542 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Sold | $840,000 | -6.1% | $1,050 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 02/22/2025 02/22/25 | Price Changed | $895,000 | -5.7% | $1,119 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $949,500 | -- | $1,187 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,564 | $22,893 | -- | -- |
| 2024 | $2,534 | $21,803 | -- | -- |
| 2023 | $2,534 | $67,370 | $13,470 | $53,900 |
| 2022 | $2,430 | $48,330 | $9,660 | $38,670 |
| 2021 | $2,447 | $37,760 | $7,550 | $30,210 |
| 2020 | $2,373 | $32,750 | $6,550 | $26,200 |
| 2019 | $2,328 | $25,860 | $5,170 | $20,690 |
| 2018 | $2,270 | $28,400 | $5,680 | $22,720 |
| 2017 | $2,202 | $24,550 | $4,910 | $19,640 |
| 2016 | $2,187 | $23,230 | $4,640 | $18,590 |
| 2015 | $2,100 | $23,510 | $4,700 | $18,810 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Skenderian
-
Keri Means
Buyer's Agent in 2025
Keri Means
Wise Realty AZ
(480) 253-9214
1 in this area
30 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6819034
APN: 123-42-069
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.
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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