NOT LISTED FOR SALE

1231 E Tempe Dr Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $532,000 - $615,855

-- Bed
-- Bath
1,836 Sq Ft
$319/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $279,000 $152 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,389/month

65 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

As of October 2018

Buyer couldn't perform! Priced at appraised value! Their loss is your opportunity to add this Tempe Duplex to your investment portfolio. Below market rents. Excellent north Tempe location near ASU, 202 freeway,Tempe Town Lakes and Downtown Scottsdale. The unit mix consists of large, 918 sq ft units with 2 bedrooms, 1 bath. Both units have newer 2016 HVAC units, new roof 2018 and are individually metered with private fenced yards. Washer and Dryer are also included for each unit. Fully leased with long term tenants. Do Not walk the property. Do Not speak to tenants. Drive by only.

Last Agent to Sell the Property

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000 Listed on: 07/17/2018

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lynne Rivera

Better Homes & Gardens Real Estate SJ Fowler License #SA671102000

Last Buyer's Agent

Mike Ratzken

Two Brothers Realty & Co License #BR636869000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1979

Lot Details

  • 7,275

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Schools

  • Mckemy Middle Elementary School
  • Cecil Shamley Middle School
  • Mcclintock High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 290
  • Assessor Parcel Number 132-13-139

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7,281
  • North Tempe 3 Subdivision

Building Details

  • Operating Expense $4,718
  • Gross Income $18,000
  • Net Operating Income $13,282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Scottsdale & Curry
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Duplex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2017
  • Directions: North on Scottsdale, east on Tempe Drive
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: NORTH TEMPE 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: McKemy Middle School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Cecil Shamley School

Lot Info

  • Lot Size: 7,281
  • Additional Parcels: No
  • Parcel #: 132-13-139

Multi Family

  • Owner Pays: Other, See Remarks, Water
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0
  • Insurance Expense: 744.0
  • Maintenance Expense: 700.0
  • Property Net Operating Income: 13282.0
  • Annual Operating Expense: 4718.0

Tax Info

  • Tax Annual Amount: 1174.0
  • Tax Book Number: 132.00
  • Tax Lot: 290

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Oct 9, 2018
Sold by
Freauff James E
Bought by
Tahiru Zachari
Seller's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Mike Ratzken
Two Brothers Realty & Co
List Price
$279,500
Sold Price
$279,000
Premium/Discount to List
-$500
-0.18%
Total Days on Market
65
Current Estimated Value
$586,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,214
Avg. Annual Appreciation
11.83%
Original Mortgage
$273,946
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2013
Sold by
Freauff James E and Freauff Nancy L
Bought by
Freauff James E and Freauff Nancy L

Purchase Details

Closed on
May 1, 2013
Sold by
Freauff James E and Freauff Nancy L
Bought by
Freauff James E and Freauff Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2013
Sold by
Freauff Gregg and Freauff Rebecca
Bought by
Freauff James E and Freauff Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2009
Sold by
Freauff James E and Freauff Nancy L
Bought by
Freauff James E and Freauff Nancy L

Purchase Details

Closed on
Jun 29, 2009
Sold by
First Horizon Home Loans
Bought by
Freauff James E and Freauff Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2008
Sold by
Gaa Malaya M
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Sep 21, 2005
Sold by
Mcdowell Michael
Bought by
Gaa Malaya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,800
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2005
Sold by
Gaa Alberto B
Bought by
Gaa Malaya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,800
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2002
Sold by
Rader Martha H and Kurth Linda A
Bought by
Mcdowell Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
6.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Tahiru Zachari $279,000 Old Republic Title Agency
Freauff James E -- None Available
Freauff James E -- None Available
Freauff James E -- Grand Canyon Title Agency In
Freauff James E -- None Available
Freauff James E $155,000 The Talon Group Arrowhead
First Horizon Home Loans $144,500 None Available
Gaa Malaya M $270,000 Capital Title Agency Inc
Gaa Malaya M -- Capital Title Agency Inc
Mcdowell Michael D $128,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tahiru Zachari $349,000
Closed Tahiru Zachari $280,000
Closed Tahiru Zachari $273,946
Previous Owner Freauff James E $117,600
Previous Owner Freauff James E $116,250
Previous Owner Gaa Malaya M $214,800
Previous Owner Gaa Malaya M $214,800
Previous Owner Mcdowell Michael D $102,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $279,000 -0.2% $152 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/17/2018 09/17/18 For Sale $279,500 0.0% $152 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $279,500 -- $152 / 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 $1,368 $12,209 -- --
2024 $1,351 $11,627 -- --
2023 $1,351 $35,900 $7,180 $28,720
2022 $1,296 $29,030 $5,800 $23,230
2021 $1,305 $23,900 $4,780 $19,120
2020 $1,265 $21,180 $4,230 $16,950
2019 $1,241 $20,250 $4,050 $16,200
2018 $1,211 $17,270 $3,450 $13,820
2017 $1,174 $14,670 $2,930 $11,740
2016 $1,166 $12,080 $2,410 $9,670
2015 $1,120 $11,150 $2,230 $8,920
Source: Public Records

Agents Affiliated with this Home

  • Julie Rickli

    Seller's Agent in 2018

    Julie Rickli

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 620-4263

    114 Total Sales

    Julie Rickli
    Section Image
  • Lynne Rivera

    Seller Co-Listing Agent in 2018

    Lynne Rivera

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 316-5034

    83 Total Sales

    Lynne Rivera
    Section Image
  • Mike Ratzken

    Buyer's Agent in 2018

    Mike Ratzken

    Two Brothers Realty & Co

    (480) 232-9990

    5 in this area

    282 Total Sales

    Mike Ratzken
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5797768

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-139

Arizona Maricopa County Tempe 85281 North Tempe

1231 E Tempe Dr, Tempe, AZ

This home is located at 1231 E Tempe Dr, Tempe, AZ 85281 since 17 July 2018 and is currently estimated at $586,214, approximately $319 per square foot. This property was built in 1979. 1231 E Tempe Dr is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary 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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