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 Neighborhood
--
Bed
--
Bath
2,576
Sq Ft
7,187
Sq Ft Lot
Highlights
- Cooling Available
- 2-minute walk to Smith-Martin/Apache Blvd
- Heating Available
- Thew Elementary School Rated 9+
- Ceramic Tile Flooring
- 4-minute walk to Alegre Park
About This Home
As of October 2020Cashflowing Fourplex for Sale right in the middle of Tempe. This fourplex is 100% occupied, conveniently located near Arizona State University (ASU) and walking distance to the Smith-Martin/Apache light rail stop. Coin Op laundry provides extra income. All four units are 2 bedrooms and 1 bathroom. All units renovated within last couple of years with tile and water heaters and air conditioning units. There are common laundry units to provide additional revenue, ask me how to expand that potential.. Currently, cash flowing well at a 6 CAP. Because all unit have tenants in place, please only drive by. No showings until accepted offer. Call me for details. Better hurry, this one is gonna go quick!
Last Agent to Sell the Property
RE/MAX Alliance Group License #SA573514000 Listed on: 01/07/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,360
Year Built
- Built in 1963
Home Design
- Brick Exterior Construction
- Composition Roof
Flooring
- Carpet
- Ceramic Tile
- Vinyl
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
- Coin Op Laundry Subdivision
Building Details
- Operating Expense $9,688
- Gross Income $32,612
- Net Operating Income $25,612
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%
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
$217,864
Avg. Annual Appreciation
5.58%
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
New Conventional
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $705,000 | American Title Svc Agcy Llc | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $367,500 | Wfg National Title Insurance | |
| Warranty Deed | -- | Empire West Title Agency | |
| Interfamily Deed Transfer | -- | Empire West Title Agency | |
| Warranty Deed | $300,000 | Empire West Title Agency | |
| Quit Claim Deed | $183,751 | None Available | |
| Trustee Deed | $278,049 | First American Title | |
| Interfamily Deed Transfer | -- | Transcontinental Title Co | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $192,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Warranty Deed | $140,000 | Transnation Title Insurance | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $510,400 | Purchase Money Mortgage | |
| Previous Owner | $275,625 | New Conventional | |
| Previous Owner | $213,750 | New Conventional | |
| Previous Owner | $255,500 | New Conventional | |
| Previous Owner | $153,600 | Purchase Money Mortgage | |
| Previous Owner | $112,000 | Seller Take Back |
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
52 Total Sales
-
K
Seller's Agent in 2016
Kelly Noble
Imperial Residential Holdings,LLC
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5705725
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
Nearby Homes
- 920 S Kenwood Cir
- 914 S Kenwood Cir
- 2045 E Orange St
- 1886 E Don Carlos Ave Unit 106
- 1886 E Don Carlos Ave Unit 138
- 1930 E Hayden Ln Unit 110
- 1903 E Hayden Ln
- 1905 E University Dr Unit L157
- 1905 E University Dr Unit P162
- 1887 E Hayden Ln
- 1831 E Apache Blvd Unit 100
- 1831 E Apache Blvd Unit 102
- 916 S Melody Ln Unit 8
- 1986 E University Dr
- 1986 E Univesity Dr
- 2123 E Kirkland Ln Unit 3
- 1272 S Price Rd Unit 80
- 2129 E Kirkland Ln Unit 1
- 2135 E Rosarita Dr
- 826 S Casitas Dr Unit A