NOT LISTED FOR SALE

1221 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $341,981 - $530,000

2 Beds
1 Bath
819 Sq Ft
$485/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $371,000 $453 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,277/month

8 Days on Market

Highlights

  • 0.19 Acre Lot
  • Eat-In Kitchen
  • Outdoor Storage
  • No HOA
  • Tile Flooring
  • Evaporated cooling system

About This Home

As of June 2022

Right in the middle of all points of interest in Tempe, so close to ASU, this one is a fixer upper, and will be sold in as is condition, the value is on the land, but the possibilities are endless since you can tear it down and build a multiple unit complex, or you can build your dream home, there is a second structure in the back that could be a garage.

Last Agent to Sell the Property

Omar Zavaleta

Best Homes Real Estate License #SA516485000 Listed on: 05/20/2022

Best Homes Real Estate

Last Buyer's Agent

Omar GRI

Colonial Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $473

Year Built

  • Built in 1945

Lot Details

  • 8,426 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence

Parking

  • 2 Open Parking Spaces

Home Design

  • Block Exterior

Interior Spaces

  • 819 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Outdoor Storage

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Evaporated cooling system
  • Heating Available

Community Details

  • No Home Owners Association
  • Stanley Plat Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-09-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$473

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Rural and Apache BLVD
  • Legal Info Range: 4E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1945
  • Tax Year: 2021
  • Directions: Go S on Rural to Spence then E to property on the S side
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.19
  • Subdivision Name: STANLEY PLAT
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 819.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:RangeOven Gas: Yes

Exterior Features

  • Fencing: Chain Link, Wood
  • Exterior Features: Storage
  • Lot Features: Dirt Front, Dirt Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Parking Features: RV Access/Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Parking Features:RV Parking: Yes

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: Not Managed
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8426.0
  • Parcel #: 133-09-051
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 473.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jun 23, 2022
Sold by
Valenzuela Jr Oscar A
Bought by
Zheng Feng Qing
Seller's Agent
Omar Zavaleta
Best Homes Real Estate
Buyer's Agent
Omar Zavaleta
Best Homes Real Estate
List Price
$350,000
Sold Price
$371,000
Premium/Discount to List
$21,000
6%
Total Days on Market
8
Current Estimated Value
$397,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,245
Avg. Annual Appreciation
3.19%
Original Mortgage
$272,625
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2003
Sold by
Quan Donald Charles and Quan Polly
Bought by
City Of Phoenix
Source: Public Records

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Range of Values:

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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
Zheng Feng Qing $363,500 American Title Services
City Of Phoenix -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Feng Qing $273,000
Closed Zheng Feng Qing $272,625
Previous Owner Valenzuela Oscar A $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $371,000 +6.0% $453 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $350,000 -- $427 / 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 $569 $5,080 -- --
2024 $562 $4,838 -- --
2023 $562 $25,360 $5,070 $20,290
2022 $464 $19,070 $3,810 $15,260
2021 $473 $17,180 $3,430 $13,750
2020 $458 $14,430 $2,880 $11,550
2019 $449 $12,160 $2,430 $9,730
2018 $437 $10,050 $2,010 $8,040
2017 $423 $8,850 $1,770 $7,080
2016 $421 $4,730 $940 $3,790
2015 $407 $3,350 $670 $2,680
Source: Public Records

Agents Affiliated with this Home

  • Omar Zavaleta

    Seller's Agent in 2022

    Omar Zavaleta

    Best Homes Real Estate

    (602) 622-2028

    1 in this area

    68 Total Sales

    Omar Zavaleta
    Section Image

  • O

    Buyer's Agent in 2022

    Omar GRI

    Colonial Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6402801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-051

Arizona Maricopa County Tempe 85281 Downtown Tempe

1221 E Spence Ave, Tempe, AZ

This home is located at 1221 E Spence Ave, Tempe, AZ 85281 since 20 May 2022 and is currently estimated at $397,245, approximately $485 per square foot. This property was built in 1945. 1221 E Spence Ave is a home located in Maricopa County with nearby schools including Curry 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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