Daniel Barraza
Responds Quickly
My Home Group Real Estate
(623) 343-4143
305 Total Sales
1 in West Tempe
$250,000 Price
1235 W Southern Ave Tempe, AZ 85282
West Tempe NeighborhoodEstimated Value: $822,000 - $1,022,000
Studio
--
Baths
3,000
Sq Ft
$306/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- 4-minute walk to Petersen Park
About This Home
As of July 2019We are pleased to present West Park Apartments. These units are all two bedroom one bath units. This is a portfolio sale and can buy each at $575,000 1229 and 1235 W Southern Ave. 6.18% cap on proforma when all units rented at new rents. 5 of the units have been completely remodeled and 3 have not been updated. All units have covered parking and yards. Property has roofs replaced in the past year as well as new windows new paint and 5 newly remodeled units. units. All facts and figures are approximate buyer verify MLS information. Old rents from long term tenants and new rents being currently raised. Drive by only tenants are unaware of sale.
Last Agent to Sell the Property
Sophia Willets
Grace CRE License #BR648866000 Listed on: 05/17/2019
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,070
Year Built
- Built in 1970
Lot Details
- Dirt Road
- Additional Parcels
Home Design
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 8 Parking Spaces
- Carport
- Parking Available
- On-Street Parking
Utilities
- Central Heating and Cooling System
- Air Source Heat Pump
- Natural Gas Not Available
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 2
- Assessor Parcel Number 123-42-066
Community Details
Overview
- 8 Units
- Building Dimensions are 0.213 acres / 9,275 sqft
Building Details
- Operating Expense $32,610
- Gross Income $106,780
- Net Operating Income $74,170
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
Closed on
Jan 7, 2022
Sold by
Nguyen Chad
Bought by
Current Estimated Value
Purchase Details
Listed on
May 17, 2019
Closed on
Jul 17, 2019
Sold by
Willets Sophia and The Sophia Willets Pllc
Bought by
Nguyen Chad V
Seller's Agent
Sophia Willets
Grace CRE
Buyer's Agent
Robert Dishman
Ownit Realty
List Price
$1,150,000
Sold Price
$550,000
Premium/Discount to List
-$600,000
-52.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$440,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 8, 2019
Sold by
1235 Southern Llc
Bought by
Fair Property Transactions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 18, 2017
Sold by
Lombardi Brandon F
Bought by
1235 Southern Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,825
Interest Rate
3.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 12, 2017
Sold by
Zanadu Group Of Companies Llc
Bought by
Lombardi Brandon F
Purchase Details
Closed on
Aug 4, 2017
Sold by
Valencia Az Llc
Bought by
Zanadu Group Of Companies Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 31, 2017
Sold by
Alvarez Trlaca
Bought by
Talasnis Az Llc
Purchase Details
Closed on
Oct 27, 2005
Sold by
Alvarez Arlene and Gonzales Arlene
Bought by
Alvarez Arlene and Arlene Alvarez Trust
Purchase Details
Closed on
Nov 11, 1999
Sold by
Thomas Richard
Bought by
Gonzales Arlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,650
Interest Rate
7.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 26, 1998
Sold by
Thomas Russell V and Thomas Mary Sue
Bought by
Thomas Richard
Purchase Details
Closed on
Dec 30, 1997
Sold by
Schoonmaker Michael P and Schoonmaker Gene M
Bought by
Thomas Russell and Thomas Mary Sue
Home Values in the Area
Average Home Value in this Area
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-
Daniel Barraza
-
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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 |
|---|---|---|---|
| -- | Old Republic Title | ||
| Nguyen Chad V | $550,000 | Old Republic Title Agency | |
| Fair Property Transactions Llc | $715,000 | Pioneer Title Agency Inc | |
| 1235 Southern Llc | $660,000 | Pioneer Title Agency Inc | |
| Lombardi Brandon F | -- | Accommodation | |
| Zanadu Group Of Companies Llc | -- | Pioneer Title Agency Inc | |
| Zanadu Group Of Companies Llc | -- | Pioneer Title Agency Inc | |
| Talasnis Az Llc | $305,000 | Pioneer Title Agency | |
| Alvarez Arlene | -- | -- | |
| Gonzales Arlene | $148,500 | Chicago Title Insurance Co | |
| Thomas Richard | -- | Grand Canyon Title Agency In | |
| Thomas Russell | $135,000 | Grand Canyon Title Agency In |
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 |
|---|---|---|---|
| Previous Owner | $440,000 | ||
| Previous Owner | Nguyen Chad V | $880,000 | |
| Previous Owner | Fair Property Transactions Llc | $685,000 | |
| Previous Owner | 1235 Southern Llc | $615,825 | |
| Previous Owner | Zanadu Group Of Companies Llc | $200,000 | |
| Previous Owner | Alvarez Arlene | $202,400 | |
| Previous Owner | Gonzales Arlene | $133,650 |
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 |
|---|---|---|---|---|
| 07/26/2019 07/26/19 | Sold | $550,000 | -52.2% | $183 / Sq Ft |
| 07/24/2019 07/24/19 | For Sale | $1,150,000 | 0.0% | $383 / Sq Ft |
| 07/24/2019 07/24/19 | Price Changed | $1,150,000 | 0.0% | $383 / Sq Ft |
| 07/03/2019 07/03/19 | For Sale | $1,150,000 | 0.0% | $383 / Sq Ft |
| 07/03/2019 07/03/19 | Price Changed | $1,150,000 | 0.0% | $383 / Sq Ft |
| 05/28/2019 05/28/19 | Price Changed | $1,150,000 | -4.1% | $383 / Sq Ft |
| 05/17/2019 05/17/19 | For Sale | $1,199,000 | -- | $400 / Sq Ft |
| 05/17/2019 05/17/19 | Pending | -- | -- | -- |
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 | $2,744 | $22,893 | ||
| 2024 | $2,534 | $21,803 | ||
| 2023 | $2,534 | $67,370 | $13,470 | $53,900 |
| 2022 | $2,430 | $48,330 | $9,660 | $38,670 |
| 2021 | $2,447 | $37,760 | $7,550 | $30,210 |
| 2020 | $2,373 | $32,750 | $6,550 | $26,200 |
| 2019 | $2,328 | $25,860 | $5,170 | $20,690 |
| 2018 | $2,270 | $28,400 | $5,680 | $22,720 |
| 2017 | $2,202 | $24,550 | $4,910 | $19,640 |
| 2016 | $2,187 | $23,230 | $4,640 | $18,590 |
| 2015 | $2,100 | $23,510 | $4,700 | $18,810 |
Source: Public Records
Agents Affiliated with this Home
-
SW
Seller's Agent in 2019
Sophia Willets
Grace CRE
-
Robert Dishman
Buyer's Agent in 2019
Robert Dishman
Ownit Realty
(480) 217-9507
9 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5928444
APN: 123-42-066
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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