NOT LISTED FOR SALE

1218 S Smith Rd Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $550,063 - $995,000

-- Bed
-- Bath
2,576 Sq Ft
$297/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $282,000 $109 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $4,401/month

22 Days on Market

Highlights

  • Cooling Available
  • 2-minute walk to Smith-Martin/Apache Blvd
  • 4-minute walk to Alegre Park
  • Individual Controls for Heating

About This Home

As of July 2016

Back on Market! Rents range from $550-$650 per month but renewals will all reflect a minimum rent for each unit of $650.

Last Listed By

Ross Brand

Arizona Elite Properties License #BR112170000 Listed on: 05/09/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,506

Year Built

  • Built in 1963

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 132-67-062

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6970

Building Details

  • Operating Expense $8,386
  • Net Operating Income $23,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,506

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Apache & Price Rd.
  • Property Type: Multiple Dwellings
  • Zoning: r4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2015
  • Directions: West to Smith . North to property
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 3120.0
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block, Brick
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 960.0

Lot Info

  • Lot Size: 6970
  • Additional Parcels: No
  • Parcel #: 132-67-062

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 800.0
  • Maintenance Expense: 1100.0
  • Property Net Operating Income: 23104.0
  • Annual Operating Expense: 8386.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1506.0
  • Tax Book Number: 132.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2021
Sold by
Voltron Investments Llc
Bought by
Sile Solomon
Total Days on Market
22
Current Estimated Value
$766,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$634,705
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$131,561

Purchase Details

Closed on
Oct 6, 2021
Sold by
Sile Solomon
Bought by
Voltron Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$634,705
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$131,561

Purchase Details

Closed on
May 21, 2021
Sold by
Sile Solomon
Bought by
Voltron Investments Llc

Purchase Details

Closed on
Sep 1, 2020
Sold by
Voltron Investments Llc
Bought by
Sue Solomon

Purchase Details

Closed on
Jun 27, 2019
Sold by
Sile Solomon
Bought by
Voltron Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,357
Interest Rate
3.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 19, 2017
Sold by
Sile Solomon
Bought by
Voltron Investments Llc

Purchase Details

Listed on
May 9, 2016
Closed on
Jul 15, 2016
Sold by
Tempe Copley Properties Llc
Bought by
Sile Solomon
Seller's Agent
Ross Brand
Arizona Elite Properties
Buyer's Agent
Sophia Kim
Unique Real Estate
List Price
$289,000
Sold Price
$282,000
Premium/Discount to List
-$7,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.97%
Original Mortgage
$275,793
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2012
Sold by
Copley Timothy I
Bought by
Tempe Copley 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
$105,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Copley Timothy I
Bought by
Tempe Copley Properties Llc

Purchase Details

Closed on
Jan 5, 2010
Sold by
Thompson Danyel
Bought by
The Bank Of New York Mellon and The Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2009
Sold by
Thompson Danyel
Bought by
Copley Timothy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2009
Sold by
Copley Jeannie L
Bought by
Copley Timothy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Mam Villa
Bought by
Thompson Danyel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Kang Eng
Bought by
Mam Villa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2001
Sold by
Stoltenberg Lorraine
Bought by
Kang Eng

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
Sile Solomon -- Magnus Title
Voltron Investments Llc -- None Available
Sile Solomon -- None Available
Voltron Investments Llc -- None Available
Sile Solomon -- Professional Escrow Resource
Sue Solomon -- None Available
Voltron Investments Llc -- None Available
Voltron Investments Llc -- None Available
Sile Solomon -- None Available
Voltron Investments Llc -- None Available
Sile Solomon $282,000 Fidelity Natl Title Agency I
Tempe Copley Properties Llc -- None Available
Copley Timothy L -- Grand Canyon Title Agency In
Tempe Copley Properties Llc -- None Available
The Bank Of New York Mellon $274,935 Accommodation
Copley Timothy I $140,000 Stewart Title & Trust Of Pho
Copley Timothy I -- Stewart Title & Trust Of Pho
Thompson Danyel $338,000 --
Mam Villa $185,000 Stewart Title & Trust Of Pho
Kang Eng $140,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sile Solomon $685,000
Closed Sile Solomon $685,000
Previous Owner Sile Solomon $257,000
Previous Owner Sile Solomon $74,357
Previous Owner Sile Solomon $275,793
Previous Owner Copley Timothy L $105,000
Previous Owner Copley Timothy I $105,000
Previous Owner Thompson Danyel $253,500
Previous Owner Mam Villa $50,000
Previous Owner Mam Villa $148,000
Closed Thompson Danyel $84,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $282,000 -2.4% $109 / Sq Ft
07/07/2016 07/07/16 For Sale $289,000 0.0% $112 / Sq Ft
07/07/2016 07/07/16 Price Changed $289,000 0.0% $112 / Sq Ft
05/28/2016 05/28/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $289,000 -- $112 / 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 $1,839 $16,413 -- --
2024 $1,816 $15,631 -- --
2023 $1,816 $66,460 $13,290 $53,170
2022 $1,742 $46,150 $9,230 $36,920
2021 $1,754 $38,550 $7,710 $30,840
2020 $1,701 $33,620 $6,720 $26,900
2019 $1,669 $27,700 $5,540 $22,160
2018 $1,627 $26,170 $5,230 $20,940
2017 $1,579 $22,720 $4,540 $18,180
2016 $1,568 $21,210 $4,240 $16,970
2015 $1,506 $18,150 $3,630 $14,520
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ross Brand

    Arizona Elite Properties

  • Sophia Kim

    Buyer's Agent in 2016

    Sophia Kim

    Unique Real Estate

    (480) 570-5800

    9 Total Sales

    Sophia Kim
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5440294

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-67-062H

Arizona Maricopa County Tempe 85281 Apache

1218 S Smith Rd, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1218 S Smith Rd, Tempe, AZ 85281 since 09 May 2016 and is currently estimated at $766,266, approximately $297 per square foot. This property was built in 1963. 1218 S Smith Rd is a home located in Maricopa County with nearby schools including Thew Elementary School, Connolly Middle School, and McClintock High School.

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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