T
Seller's Agent in 2020
Tarun Chopra
1st Dream Realty
(602) 743-2111
2 in this area
37 Total Sales
1224 S Smith Rd Tempe, AZ 85281
Apache NeighborhoodEstimated Value: $834,000 - $1,011,000
8
Beds
--
Bath
2,576
Sq Ft
$360/Sq Ft
Est. Value
Highlights
- Cooling Available
- 2-minute walk to Smith-Martin/Apache Blvd
- 4-minute walk to Alegre Park
- Ceramic Tile Flooring
- Heating Available
About This Home
As of October 2020Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light rail stop. All units are 2bed/1bath. All units have new kitchen cabinets, granite counter tops. All units feature in-unit laundry, with stackable washer-dryer. Exterior of building recently painted, 3 of units interior also got painted in last one year. All 4 units gets Section 8 assistance, monthly rent from City of Tempe is usually deposited 10 days before rent is due. Extra storage at back, that can be used for Coin laundry for extra income. No showing until accepted offer. Pictures taken when units were vacant. Currently drawing $4458 total monthly rent. 2 leases are month to month, one 10/31/20 and last is 12/31/20: Rents are : $1250, $1130, $1020, $1058 Buyer to verify all information
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,437
Year Built
- Built in 1963
Lot Details
- 7,187
Home Design
- Brick Exterior Construction
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Flora Thew Elementary School
- Connolly Middle School
- Mcclintock High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, sewer
- Assessor Parcel Number 132-67-062-L
Community Details
Overview
- 4 Units
- Building Dimensions are 67 x 108
Building Details
- Operating Expense $9,789
- Gross Income $51,891
- Net Operating Income $44,307
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2020
Closed on
Oct 29, 2020
Sold by
Taylor Jamar A and Taylor Mackenzie
Bought by
Smith Rd Llc
Seller's Agent
Tarun Chopra
1st Dream Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$719,000
Sold Price
$705,000
Premium/Discount to List
-$14,000
-1.95%
Total Days on Market
77
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
$215,995
Avg. Annual Appreciation
6.24%
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 15, 2020
Closed on
Oct 12, 2020
Sold by
1224 Smith Llc
Bought by
Taylor Jamar A and Taylor Mackenzie
Seller's Agent
Tarun Chopra
1st Dream Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$719,000
Sold Price
$705,000
Premium/Discount to List
-$14,000
-1.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 7, 2018
Closed on
May 10, 2018
Sold by
Chopra Tarun
Bought by
1224 Smith Llc
Seller's Agent
Bryan McCoy
RE/MAX Alliance Group
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.45%
Original Mortgage
$275,625
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 7, 2018
Closed on
Mar 22, 2018
Sold by
Sinks Steven and Higbee Dale
Bought by
Chopra Tarun
Seller's Agent
Bryan McCoy
RE/MAX Alliance Group
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,625
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 8, 2016
Closed on
Aug 8, 2016
Sold by
Aflalo Samuel and Eitches David
Bought by
Angel 1111 Llc
Seller's Agent
Kelly Noble
Imperial Residential Holdings,LLC
Buyer's Agent
Bryan McCoy
RE/MAX Alliance Group
List Price
$299,000
Sold Price
$310,000
Premium/Discount to List
$11,000
3.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.61%
Original Mortgage
$213,750
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 8, 2016
Closed on
Aug 4, 2016
Sold by
Tonnu Trang and Higbee Dale
Bought by
Higbee Dale
Seller's Agent
Kelly Noble
Imperial Residential Holdings,LLC
Buyer's Agent
Bryan McCoy
RE/MAX Alliance Group
List Price
$299,000
Sold Price
$310,000
Premium/Discount to List
$11,000
3.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 5, 2013
Sold by
Nationstar Mortgage Ll
Bought by
Aflalo Samuel and Eitches David
Purchase Details
Closed on
Jun 11, 2013
Sold by
Arevalo Jorge and Arevalo Elva
Bought by
Nationstar Mortgae Llc
Purchase Details
Closed on
Jun 12, 2007
Sold by
Arevalo Elva and Luevanos Lilia
Bought by
Arevalo Jorge and Arevalo Elva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
8.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jan 12, 2004
Sold by
Arevalo Jorge
Bought by
Arevalo Elva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 2, 2001
Sold by
Sieber Alfred
Bought by
Sieber Alfred and Sieber Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 13, 2001
Sold by
Wesleyan Investments Inc
Bought by
Sieber Alfred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 16, 1993
Sold by
Berry David A
Bought by
Wesleyan Investments Inc
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Rd Llc | -- | Accommodation | |
| Taylor Jamar A | $705,000 | American Title Svc Agcy Llc | |
| 1224 Smith Llc | -- | Accommodation | |
| Chopra Tarun | $367,500 | Wfg National Title Insurance | |
| Angel 1111 Llc | -- | Empire West Title Agency | |
| Higbee Dale | -- | Empire West Title Agency | |
| Sinks Steven | $300,000 | Empire West Title Agency | |
| Aflalo Samuel | $183,751 | None Available | |
| Nationstar Mortgae Llc | $278,049 | First American Title | |
| Arevalo Jorge | -- | Transcontinental Title Co | |
| Arevalo Elva | -- | Capital Title Agency Inc | |
| Arevalo Elva | $192,000 | Capital Title Agency Inc | |
| Sieber Alfred | -- | Transnation Title Insurance | |
| Sieber Alfred | $140,000 | Transnation Title Insurance | |
| Wesleyan Investments Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Taylor Jamar A | $510,400 | |
| Previous Owner | Chopra Tarun | $275,625 | |
| Previous Owner | Sinks Steven | $213,750 | |
| Previous Owner | Arevalo Jorge | $255,500 | |
| Previous Owner | Arevalo Elva | $153,600 | |
| Previous Owner | Sieber Alfred | $112,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2020 10/14/20 | Sold | $705,000 | -1.9% | $274 / Sq Ft |
| 10/10/2020 10/10/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft |
| 10/10/2020 10/10/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft |
| 09/29/2020 09/29/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft |
| 09/29/2020 09/29/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft |
| 09/24/2020 09/24/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft |
| 09/24/2020 09/24/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft |
| 09/17/2020 09/17/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft |
| 09/17/2020 09/17/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft |
| 08/27/2020 08/27/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft |
| 08/27/2020 08/27/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft |
| 04/29/2020 04/29/20 | Price Changed | $719,000 | -0.4% | $279 / Sq Ft |
| 04/15/2020 04/15/20 | For Sale | $722,000 | +97.8% | $280 / Sq Ft |
| 03/30/2018 03/30/18 | Sold | $365,000 | -5.2% | $142 / Sq Ft |
| 02/21/2018 02/21/18 | Pending | -- | -- | -- |
| 02/13/2018 02/13/18 | Price Changed | $385,000 | -2.5% | $149 / Sq Ft |
| 01/07/2018 01/07/18 | For Sale | $395,000 | +27.4% | $153 / Sq Ft |
| 08/17/2016 08/17/16 | Sold | $310,000 | +3.7% | $120 / Sq Ft |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- |
| 07/08/2016 07/08/16 | For Sale | $299,000 | -- | $116 / 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 | $1,583 | $14,136 | -- | -- |
| 2024 | $1,564 | $13,463 | -- | -- |
| 2023 | $1,564 | $66,680 | $13,330 | $53,350 |
| 2022 | $1,501 | $46,300 | $9,260 | $37,040 |
| 2021 | $1,511 | $38,720 | $7,740 | $30,980 |
| 2020 | $1,465 | $33,760 | $6,750 | $27,010 |
| 2019 | $1,437 | $27,780 | $5,550 | $22,230 |
| 2018 | $1,402 | $26,250 | $5,250 | $21,000 |
| 2017 | $1,360 | $22,780 | $4,550 | $18,230 |
| 2016 | $1,350 | $21,270 | $4,250 | $17,020 |
| 2015 | $1,297 | $15,800 | $3,160 | $12,640 |
Source: Public Records
Agents Affiliated with this Home
-
Tarun Chopra
-
N
Buyer's Agent in 2020
Non-MLS Agent
Non-MLS Office
-
Bryan McCoy
Seller's Agent in 2018
Bryan McCoy
RE/MAX
(480) 892-5300
51 Total Sales
-
K
Seller's Agent in 2016
Kelly Noble
Imperial Residential Holdings,LLC
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6066566
APN: 132-67-062L
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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