NOT LISTED FOR SALE

Estimated Value: $735,921 - $883,000

4 Beds
-- Bath
1,941 Sq Ft
$419/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2022

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

Est. 1% decrease in value since last sale

Current estimated payment $4,737 / mo

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 Agent to Sell the Property

Samira Jafari

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

Last Buyer's Agent

Alexandra Pfannenstiel

eXp Realty License #BR671778000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • Carport
  • On-Street 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

  • The owner pays for gas, electricity, 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 Sq Ft Lot

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
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2021
  • Subdivision Name: PECAN GROVE ESTATES
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: On Street, Carport
  • 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 Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, 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

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • 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: Gas, Electricity, 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Aug 8, 2022
Sold by
Bought by
Seller's Agent
Samira Jafari
Realty ONE Group
Buyer's Agent
Alexandra Pfannenstiel
eXp Realty
List Price
$999,000
Sold Price
$820,000
Premium/Discount to List
-$179,000
-17.92%
Current Estimated Value
$813,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,020
Avg. Annual Appreciation
-0.19%
Original Mortgage
$820,000
Interest Rate
0.057%
Mortgage Type
VA

Purchase Details

Closed on
Feb 18, 2022
Sold by
Bought by

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
0.0355%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$820,000 Greystone Title
$625,000 Driggs Title Agency
-- --
-- Capital Title Agency
-- Capital Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $820,000
Previous Owner $525,000
Previous Owner $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,618 $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

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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

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