NOT LISTED FOR SALE

1226 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood
-- Bed
-- Bath
2,304 Sq Ft
9,148 Sq Ft Lot

Last Sold February 21, 2019

Last sale price $1,575,000 $684 Per Sq Ft

63 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Community Barbecue Grill
  • Concrete Flooring

About This Home

As of February 2019

INVESTORS, DEVELOPERS, 1031 EXCHANGE - PRIME TEMPE LOCATION! A Unique 13-Unit Garden Apartment community committed to sustainable practices and cooperative living with fellow ASU graduate students. The 1st NAHB Green Certified Apt Project in the USA. The site is zoned R-4 and within the City of Tempe Transit Oriented Development corridor allowing for additional density; 16 units upon redevelopment.
All leases have been renewed at current market rates and expire 7/31/2019.
3 buildings - APN 133-09-007A, 133-09-008A, 133-09-009.

Last Agent to Sell the Property

Steven Skarphol

HomeSmart License #BR019829000 Listed on: 08/20/2018

HomeSmart

Last Buyer's Agent

Pat Hune

1st Southwest Realty, LLC License #BR529524000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,815

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 22 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Joseph P. Spracale Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7,8,9
  • Assessor Parcel Number 133-09-007-A

Community Details

Overview

  • 3 Buildings
  • 13 Units
  • Building Dimensions are 153 x 189 approx.
  • Attebery Tract Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $39,961
  • Gross Income $141,711
  • Net Operating Income $102,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,815

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Rural Road & Apache Blvd.
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4/TODcorridor
  • Number Of Buildings: 3
  • Year Built: 1958
  • Tax Year: 2017
  • Directions: South on Rural Road to light at Spence Avenue. East on Spence Avenue to the property: 1226, 1230, & 1234 E Spence Ave.
  • Attribution Contact: steve@skarphol.com
  • Road Surface Type: Asphalt
  • Professional Management Expense: 11687.0
  • Subdivision Name: ATTEBERY TRACT
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, City Electric, Individual Meter
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 1285.0
  • Annual Water Sewer Expense: 4822.0

Schools

  • Elementary School: Joseph P. Spracale Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 153 x 189 approx.
  • Additional Parcels: Yes
  • Parcel #: 133-09-007-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 13
  • Electric Expense: 1986.0
  • Annual Gross Income: 141711.18
  • Insurance Expense: 2166.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 102567.0
  • Annual Operating Expense: 39961.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 5815.0
  • Tax Book Number: 133.00
  • Tax Lot: 7,8,9

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $1,575,000 -10.0% $684 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $1,750,000 -- $760 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Skarphol

    Seller's Agent in 2019

    Steven Skarphol

    HomeSmart

    (602) 317-5164

    52 Total Sales

    Steven Skarphol
    Section Image
  • Pat Hune

    Buyer's Agent in 2019

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    67 Total Sales

    Pat Hune
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5809251

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-007A

Arizona Maricopa County Tempe 85281 Downtown Tempe

1226 E Spence Ave, Tempe, AZ

This home is located at 1226 E Spence Ave, Tempe, AZ 85281 since 20 August 2018. This property was built in 1958. 1226 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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