NOT LISTED FOR SALE

1218 E Tempe Dr Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $462,739 - $522,000

-- Bed
-- Bath
1,584 Sq Ft
$312/Sq Ft Est. Value

Last Sold January 23, 2015

Last sale price $139,442 $88 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $2,694/month

248 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • Ceiling Fan

About This Home

As of January 2015

**SHORT SALE** GREAT investment property! Long term tenants. New roof in 2004. Newer kitchen cabinets & countertops, water heaters, A/C, plumbing, and electric panel/breakers. Tile throughout both units. Very low maintenance. Desert landscaping. This property is a great find.
Subject to lender approval.

Last Agent to Sell the Property

Jill Rother

Keller Williams Realty East Valley License #SA535719000 Listed on: 02/27/2014

Keller Williams Realty East Valley

Last Buyer's Agent

John Torrey

HomeSmart License #SA636401000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1960

Lot Details

  • 7,579

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Schools

  • Cecil Shamley Elementary School
  • Connolly Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 214
  • Assessor Parcel Number 132-13-063

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60 x 126
  • North Tempe Subdivision

Building Details

  • Operating Expense $3,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$831

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Scottsdale/202 Freeway
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Professional Management Expense: 515.92
  • Subdivision Name: North Tempe
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Central, 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Cecil Shamley School
  • High School: Tempe High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 60 x 126
  • Additional Parcels: No
  • Parcel #: 132-13-063

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 946.92
  • Maintenance Expense: 1030.0
  • Annual Operating Expense: 3603.84

Tax Info

  • Tax Annual Amount: 831.0
  • Tax Book Number: 132.00
  • Tax Lot: 214

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2015
Sold by
Licandro Richard and Licandro Cheryl
Bought by
Cr Valley Temple Llc
Current Estimated Value
$491,946

Purchase Details

Listed on
Feb 27, 2014
Closed on
Jan 12, 2015
Sold by
Jacobe Edwin R and Jacobe Del Rosario
Bought by
Licandro Richard and Licandro Cheryl
Seller's Agent
Jill Rother
Keller Williams Realty East Valley
Buyer's Agent
John Torrey
HomeSmart
List Price
$150,000
Sold Price
$139,442
Premium/Discount to List
-$10,558
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Closed on
Jun 14, 2006
Sold by
Carty Charles M and Carty Erin L
Bought by
Jacobe Edwin R and Jacobe Del Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2006
Sold by
Lantion Kristian
Bought by
Delrosario Geoffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Ganev Alex and Ganev Vania
Bought by
Carty Charles M and Carty Erin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,759
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2001
Sold by
Prodigy Investments Inc
Bought by
Ganev Alex and Ganev Vania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.08%

Purchase Details

Closed on
Feb 13, 2001
Sold by
Varga Leslie and Varga Terry
Bought by
Prodigy Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cr Valley Temple Llc -- None Available
Licandro Richard $139,284 First Arizona Title Agency
Jacobe Edwin R $255,000 Westland Title Agency Of Az
Delrosario Geoffrey M -- Westland Title Agency Of Az
Jacobe Edwin R -- Westland Title Agency Of Az
Carty Charles M $152,200 Fidelity National Title
Ganev Alex -- --
Prodigy Investments Inc $66,500 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacobe Edwin R $204,000
Previous Owner Jacobe Edwin R $25,500
Previous Owner Carty Charles M $121,759
Previous Owner Prodigy Investments Inc $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2015 01/23/15 Sold $139,442 -7.0% $88 / Sq Ft
10/31/2014 10/31/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $150,000 -- $95 / 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 $1,276 $10,643 -- --
2024 $1,178 $10,136 -- --
2023 $1,178 $30,200 $6,040 $24,160
2022 $1,130 $24,010 $4,800 $19,210
2021 $1,138 $19,550 $3,910 $15,640
2020 $1,103 $17,070 $3,410 $13,660
2019 $1,082 $16,710 $3,340 $13,370
2018 $1,055 $12,830 $2,560 $10,270
2017 $1,024 $11,820 $2,360 $9,460
2016 $1,017 $9,420 $1,880 $7,540
2015 $977 $8,820 $1,760 $7,060
Source: Public Records

Agents Affiliated with this Home

  • Jill Rother

    Seller's Agent in 2015

    Jill Rother

    Keller Williams Realty East Valley

    (480) 818-4602

    88 Total Sales

    Jill Rother
    Section Image

  • J

    Buyer's Agent in 2015

    John Torrey

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5076538

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-063

Arizona Maricopa County Tempe 85281 North Tempe

1218 E Tempe Dr, Tempe, AZ

Not Listed for Sale

MultiFamily

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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