NOT LISTED FOR SALE

1223 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $398,000 - $532,000

3 Beds
2 Baths
1,477 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 02, 2019

Last sale price $250,000 $169 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,430/month

44 Days on Market

Highlights

  • 0.21 Acre Lot
  • Corner Lot
  • Evaporated cooling system
  • Property is near public transit
  • No HOA
  • Patio

About This Home

As of May 2019

Strong location near LRT and ASU. Good size 3 bedroom/2+ bath house that needs repairs and upgrades. Currently rented to a long-term tenant on a month-to-month lease at $850/month. If buyer plans to obtain financing, seller prefers conventional. 8988 SF lot. Great potential. Possible land banking opportunity with lot directly south available in the right situation. Additional 7500 SF lot/triplex lot offers assemblage potential that would total 16,488 +/- SF with R-4 zoning. Buyer to complete and rely on own due diligence.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 02/25/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Will Carter

Real Broker License #BR106298000

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $870

Year Built

  • Built in 1956

Lot Details

  • 8,988 Sq Ft Lot
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Corner Lot

Parking

  • 1 Carport Space

Home Design

  • Fixer Upper
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,477 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Schools

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

Utilities

  • Evaporated cooling system
  • Heating Available

Additional Features

  • No Interior Steps
  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Stanley Plat Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 133-09-052

Home Details

Home Type

Single Family

Est. Annual Taxes

$870

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Apache and Rural
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1956
  • Tax Year: 2018
  • Directions: AZ-202 Loop E to Exit 7 Scottsdale Rd, turns into Rural. Head south on Rural. Turn on Spence to go east to property on corner of Spence/Stanley.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: STANLEY PLAT
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement YN: No
  • Possible Use: Other
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Other, See Remarks, No Interior Steps, Full Bth Master Bdrm
  • Living Area: 1477.0
  • Stories: 1
  • Community Features:Near Light Rail Stop: Yes
  • Kitchen Features:None42: Yes
  • Community Features:See Remarks2: Yes

Exterior Features

  • Fencing: Chain Link, Concrete Panel, Wrought Iron, Wood
  • Exterior Features: Other
  • Lot Features: Corner Lot, Dirt Back, Gravel/Stone Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Block
  • Patio And Porch Features: Patio
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features:Other7: Yes

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Other, See Remarks
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8988.0
  • Parcel #: 133-09-052

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 870.0
  • Tax Book Number: 133.00
  • Tax Lot: 2
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2023
Sold by
Delong Carmelita R
Bought by
Csd4 Property Llc
Current Estimated Value
$442,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$293,565
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$149,241

Purchase Details

Closed on
Sep 15, 2023
Sold by
Csd4 Property Llc
Bought by
Delong Carmelita R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$293,565
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$149,241

Purchase Details

Listed on
Feb 25, 2019
Closed on
Apr 26, 2019
Sold by
Lambard Mark
Bought by
Csd4 Property Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Will Carter
Real Broker
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%

Purchase Details

Closed on
Mar 1, 2004
Sold by
D & D Quality Properties Llc
Bought by
City Of Phoenix

Purchase Details

Closed on
Sep 30, 1998
Sold by
Chamberlain Michael
Bought by
D & D Quality 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
$270,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1998
Sold by
Dong Daniel L and Dong Susan E
Bought by
Chamberlain Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 17, 1998
Sold by
Toney Deidra Marie
Bought by
Lambard Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
Source: Public Records

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
Csd4 Property Llc -- None Listed On Document
Delong Carmelita R -- Clear Title Agency Of Arizona
Csd4 Property Llc $250,000 Empire West Title Agency Llc
City Of Phoenix -- Chicago Title Insurance Co
D & D Quality Properties Llc $360,000 Stewart Title & Trust
Chamberlain Michael $238,000 Fidelity Title
Lambard Mark $90,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delong Carmelita R $300,000
Previous Owner D & D Quality Properties Llc $270,000
Previous Owner Chamberlain Michael $200,000
Previous Owner Lambard Mark $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2019 05/02/19 Sold $250,000 -9.1% $169 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $275,000 -- $186 / 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 $983 $8,774 -- --
2024 $971 $8,356 -- --
2023 $971 $30,360 $6,070 $24,290
2022 $931 $23,070 $4,610 $18,460
2021 $938 $20,860 $4,170 $16,690
2020 $909 $17,930 $3,580 $14,350
2019 $892 $16,970 $3,390 $13,580
2018 $870 $14,550 $2,910 $11,640
2017 $844 $13,180 $2,630 $10,550
2016 $838 $7,370 $1,470 $5,900
2015 $805 $5,580 $1,110 $4,470
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    51 Total Sales

    James Stephens
    Section Image
  • Will Carter

    Buyer's Agent in 2019

    Will Carter

    Real Broker

    (602) 809-1224

    1 in this area

    203 Total Sales

    Will Carter
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5888900

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-052

Arizona Maricopa County Tempe 85281 Downtown Tempe

1223 E Spence Ave, Tempe, AZ

This home is located at 1223 E Spence Ave, Tempe, AZ 85281 since 25 February 2019 and is currently estimated at $442,806, approximately $299 per square foot. This property was built in 1956. 1223 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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