NOT LISTED FOR SALE

1226 W 5th St Tempe, AZ 85281

Sunset Neighborhood

Estimated Value: $736,909 - $824,000

4 Beds
-- Bath
1,941 Sq Ft
$403/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $820,000 $422 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,769/month

57 Days on Market

About This Home

As of August 2022

LOCATION LOCATION LOCATION!!!! YOU WONT WANT TO MISS THIS AMAZING CASH FLOW OPPORTUNITY LOCATED CLOSE TO ALL RESTAURANTS, BARS, OFFICES MAJOR FWYS AND ASU. ALL UNITS HAVE BEEN COMPLETELY RENOVATED WITH DESIGNER TOUCHES THROUGHOUT. BRAND NEW ROOF, NEW DUAL PANED WINDOWS, FRESH INTERIOR & EXTERIOR PAINT, LED LIGHTING THROUGHOUT, BATHROOMS AND KITCHENS WITH SHAKER CABINETRY AND QUARTZ COUNTERTOPS. STAINLESS STEEL APPLIANCES, PORCELAIN FLOORING, 5 1/4'' BASEBOARDS, NEW INTERIOR SHAKER PANEL DOORS. THIS PROPERTY IS READY TO GO WITH ALL NEW LEASES IN PLACE. EACH UNIT HAS ITS OWN ELECTRIC METER. UNIT 1228 LEASED FOR $2350 PER MONTH AND PAYS OWN UTILITIES, UNIT 1226 RENTED FOR $1560 PER MONTH PAYS OWN UTILITIES, STUDIO UNIT IN BACK RENTED $1200 LANDLORD PAYS ALL UTILITIES.

Last Listed By

Samira Jafari

Realty ONE Group License #SA662695000 Listed on: 05/17/2022

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1960

Lot Details

  • 9,888

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for water
  • Tax Lot 13
  • Assessor Parcel Number 124-28-021

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are unknown
  • Pecan Grove Estates Subdivision

Building Details

  • Operating Expense $1,712
  • Gross Income $61,560
  • Net Operating Income $61,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,712

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: S Priest Dr and W 5th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi family
  • Number Of Buildings: 2
  • Year Built: 1960
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: PECAN GROVE ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 124-28-021

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Water
  • Number Of Units Total: 3
  • Annual Gross Income: 61560.0
  • Property Net Operating Income: 61560.0
  • Annual Operating Expense: 1712.0

Tax Info

  • Tax Annual Amount: 1712.0
  • Tax Book Number: 124.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Aug 8, 2022
Sold by
Sam Jafari
Bought by
Craddock Richard Bain
Seller's Agent
Samira Jafari
Realty ONE Group
Buyer's Agent
Alexandra Pfannenstiel
My Home Group Real Estate
List Price
$999,000
Sold Price
$820,000
Premium/Discount to List
-$179,000
-17.92%
Total Days on Market
57
Current Estimated Value
$805,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,519
Avg. Annual Appreciation
-1.73%
Original Mortgage
$820,000
Outstanding Balance
$790,207
Interest Rate
5.7%
Mortgage Type
VA
Estimated Equity
-$7,980

Purchase Details

Closed on
Feb 23, 2022
Sold by
Hayward Willard R
Bought by
Jafari Sam and Saman Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2022
Sold by
Hayward Willard R
Bought by
Jafari Sam and Saman Esteban

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2005
Sold by
Hahn Susan A
Bought by
Hanh Susan A

Purchase Details

Closed on
Nov 2, 2001
Sold by
Chen Ye
Bought by
Chen Ye and Wang Melanie Xiaolei

Purchase Details

Closed on
Aug 27, 2001
Sold by
Wang Xiao Lei
Bought by
Chen Ye

Range of Values:

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Average Value
Not Available
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
Craddock Richard Bain $820,000 Greystone Title
Jafari Sam $625,000 Driggs Title Agency
Jafari Sam $625,000 Driggs Title Agency
Hanh Susan A -- --
Chen Ye -- Capital Title Agency
Chen Ye -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Craddock Richard Bain $820,000
Previous Owner Jafari Sam $525,000
Previous Owner Jafari Sam $525,000
Previous Owner Hayward Willard R $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $820,000 -8.8% $422 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/15/2022 06/15/22 Price Changed $899,000 -10.0% $463 / Sq Ft
05/17/2022 05/17/22 For Sale $999,000 -- $515 / 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 $3,381 $30,183 -- --
2024 $1,765 $28,746 -- --
2023 $1,765 $53,420 $10,680 $42,740
2022 $1,689 $42,330 $8,460 $33,870
2021 $1,712 $36,900 $7,380 $29,520
2020 $1,658 $32,830 $6,560 $26,270
2019 $1,626 $26,670 $5,330 $21,340
2018 $1,584 $22,180 $4,430 $17,750
2017 $1,536 $18,320 $3,660 $14,660
2016 $1,526 $17,020 $3,400 $13,620
2015 $1,471 $16,680 $3,330 $13,350
Source: Public Records

Agents Affiliated with this Home

  • Samira Jafari

    Seller's Agent in 2022

    Samira Jafari

    Realty One Group

    (480) 416-1929

    1 in this area

    54 Total Sales

    Samira Jafari
    Section Image

  • A

    Buyer's Agent in 2022

    Alexandra Pfannenstiel

    My Home Group

    (480) 708-2904

    1 in this area

    127 Total Sales

    Alexandra Pfannenstiel
    Section Image

  • C

    Buyer Co-Listing Agent in 2022

    Cammie Sunshine

    My Home Group

    (480) 685-2760

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6401121

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-021

Arizona Maricopa County Tempe 85281 Sunset

1226 W 5th St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1226 W 5th St, Tempe, AZ 85281 since 17 May 2022 and is currently estimated at $782,227, approximately $403 per square foot. This property was built in 1960. 1226 W 5th St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe 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