Jeff Shelton
West USA Realty
(623) 304-5567
36 Total Sales
1 in Downtown Tempe
$230,000 Price
1228 W 4th St Tempe, AZ 85281
Downtown Tempe Neighborhood
21
Beds
--
Baths
1,900
Sq Ft
1963
Built
About This Home
As of June 2016Town Lake Apartments consists of six buildings with a total of 28 units located in bustling city of Tempe, Arizona. The property is located on the Northwest
corner of W. 4th Street and S. Beck Avenue, only 1.6 miles from ASU’s Tempe campus. The property was in built in 1963 of block construction with
pitched roofs and is individually metered for utilities. Laundry facility and a sparkling pool are located on-site. This property is a great value add opportunity
in such an amazing location. By lightly remodeling the property to meet updated demand in the area, and thus increasing rents, the property
will increase in value over night! Seller is motivated bring your offer's now!!!
Last Buyer's Agent
Sophia Willets
Grace CRE License #BR648866000
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,389
Year Built
- Built in 1963
Home Design
- Composition Roof
- Block Exterior
Parking
- 28 Open Parking Spaces
- 28 Parking Spaces
Lot Details
- Additional Parcels
Schools
- Broadmor Elementary School
- Mckemy Middle School
- Tempe Academy Of International Studies Mckemy High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Assessor Parcel Number 124-28-001-B
Community Details
Overview
- 6 Buildings
- 28 Units
- Building Dimensions are 67953
Recreation
- Heated Community Pool
Building Details
- Operating Expense $87,249
- Gross Income $210,000
- Net Operating Income $100,690
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
Feb 29, 2016
Closed on
Jun 13, 2016
Sold by
Tempe Town Lake Properties Llc
Bought by
Seller's Agent
Sophia Baron
Real Broker
Buyer's Agent
Sophia Baron
Real Broker
List Price
$2,500,000
Sold Price
$1,800,000
Premium/Discount to List
-$700,000
-28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,957,000
Outstanding Balance
$1,514,676
Interest Rate
3.57%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 15, 2014
Closed on
Oct 23, 2014
Sold by
Schooley Lavern Dean and Schooley Tricia M
Bought by
Tempe Town Lake Properties Llc
Seller's Agent
Christina Palermo
Keller Williams Arizona Realty
Buyer's Agent
Christina Palermo
Keller Williams Arizona Realty
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.19%
Original Mortgage
$1,087,500
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 27, 2004
Sold by
Millennium Towm Lake I Llc
Bought by
Schooley Laverne Dean and Schooley Tricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,500
Interest Rate
6.29%
Mortgage Type
Commercial
Purchase Details
Closed on
May 30, 2000
Sold by
Ng Dixon
Bought by
Millenium Town Lake I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
8.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 8, 1994
Sold by
Walker Lawrence E and Walker Doris L
Bought by
Ng Dixon
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Tempe, AZ
-
Jeff Shelton
-
Michael Shimono
Michael Shimono
eXp Realty
(534) 444-8831
102 Total Sales
1 in Downtown Tempe
$220,000 Price
-
Nathaniel Pierce
Nathaniel Pierce
Incyte Realty, LLC
(623) 257-7084
68 Total Sales
1 in Downtown Tempe
$725,000 Price
-
Pamela Torgrimson
Pamela Torgrimson
RETSY
(507) 486-5070
70 Total Sales
1 in Downtown Tempe
$373,500 Price
-
Lisa Merris
Lisa Merris
Realty ONE Group
(623) 263-3352
42 Total Sales
1 in Downtown Tempe
$520,000 Price
-
Michele Baker
Michele Baker
Coldwell Banker Realty
(623) 469-4512
29 Total Sales
1 in Downtown Tempe
$295,000 Price
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 |
|---|---|---|---|
| $1,800,000 | First Arizona Title Agency | ||
| Tempe Town Lake Properties Llc | $1,450,000 | Fidelity Natl Title Agency | |
| Schooley Laverne Dean | $1,330,000 | Fidelity National Title | |
| Millenium Town Lake I Llc | $700,000 | Capital Title Agency | |
| Ng Dixon | $330,000 | Lawyers Title |
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 | $1,957,000 | ||
| Previous Owner | Tempe Town Lake Properties Llc | $1,087,500 | |
| Previous Owner | Schooley Laverne Dean | $922,500 | |
| Previous Owner | Millenium Town Lake I Llc | $490,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/20/2016 06/20/16 | Sold | $1,800,000 | -28.0% | $947 / Sq Ft | |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- | |
| 02/29/2016 02/29/16 | For Sale | $2,500,000 | +72.4% | $1,316 / Sq Ft | |
| 11/04/2014 11/04/14 | Sold | $1,450,000 | -3.0% | $763 / Sq Ft | View Prior Sale |
| 06/09/2014 06/09/14 | Pending | -- | -- | -- | |
| 01/15/2014 01/15/14 | For Sale | $1,495,000 | -- | $787 / 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 | $15,035 | $125,440 | ||
| 2024 | $13,882 | $119,466 | ||
| 2023 | $13,882 | $269,280 | $53,230 | $216,050 |
| 2022 | $13,316 | $204,110 | $40,350 | $163,760 |
| 2021 | $13,408 | $257,530 | $50,910 | $206,620 |
| 2020 | $13,001 | $163,850 | $32,390 | $131,460 |
| 2019 | $12,755 | $130,270 | $25,750 | $104,520 |
| 2018 | $12,438 | $117,080 | $22,280 | $94,800 |
| 2017 | $7,590 | $101,460 | $19,690 | $81,770 |
| 2016 | $7,536 | $74,950 | $14,550 | $60,400 |
| 2015 | $7,238 | $58,730 | $11,400 | $47,330 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia Baron
Seller's Agent in 2016
Sophia Baron
Real Broker
(480) 375-0227
2 in this area
24 Total Sales
-
Baylee Estrada
BE
Seller Co-Listing Agent in 2016
Baylee Estrada
Keller Williams Arizona Realty
(480) 688-8444
-
SW
Buyer's Agent in 2016
Sophia Willets
Grace CRE
-
Christina Palermo
Seller's Agent in 2014
Christina Palermo
Keller Williams Arizona Realty
(602) 402-7500
91 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5405692
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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