NOT LISTED FOR SALE

1240 E Verlea Dr Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $486,415 - $542,000

3 Beds
2 Baths
1,478 Sq Ft
$348/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $365,000 $247 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,870/month

28 Days on Market

Highlights

  • Private Pool
  • Corner Lot
  • No HOA
  • RV Access or Parking
  • Private Yard
  • Breakfast Bar

About This Home

As of November 2020

ATTENTION SAVVY INVESTORS: This beautiful home has been a fantastic rental income property bringing in top $$$'s as an ASU student, staff or faculty rental. New flooring, freshly painted inside and out, super clean 3 BR 2 bathroom home on a quiet street with wonderful long-term neighbors. Cool off in the great big pool and enjoy the lush green backyard oasis. No HOA and no fees. Only 2 miles from ASU Gammage, plenty of room to park an RV. What more do you need in an investment property? Seller-paid home warranty. Tenant Occupied. Do NOT disturb tenants!

Last Agent to Sell the Property

Hal Jones

HomeSmart License #SA586420000 Listed on: 09/18/2020

HomeSmart

Last Buyer's Agent

Cathy Waz

eXp Realty License #SA035790000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,804

Year Built

  • Built in 1965

Lot Details

  • 7,318 Sq Ft Lot
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1,478 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Breakfast Bar
  • Electric Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 1 Carport Space
  • RV Access or Parking

Accessible Home Design

  • No Interior Steps

Pool

  • Private Pool
  • Diving Board

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Hughes Acres Unit 3 Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 343
  • Assessor Parcel Number 133-56-173

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,804

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: Broadway and Dorsey
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1965
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: HUGHES ACRES UNIT 3
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 246.95
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Breakfast Bar, No Interior Steps, 3/4 Bath Master Bdrm
  • Living Area: 1478.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard, Storage
  • Lot Features: Corner Lot, Dirt Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Diving Pool, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Home Warranty: Yes
  • Construction Type: No VOC Paint, Painted, Slump Block
  • Patio And Porch Features: Patio
  • Roof: Composition
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: RV Access/Parking, Separate Strge Area
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Open Parking Spaces: 4.0
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7318.0
  • Parcel #: 133-56-173

Building Info

  • Builder Name: UNK

Tax Info

  • Tax Annual Amount: 1804.0
  • Tax Book Number: 133.00
  • Tax Lot: 343
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Nov 24, 2020
Sold by
Verlea Springs Llc
Bought by
Eastin Trevor J and Eastin Patricia
Seller's Agent
Hal Jones
HomeSmart
Buyer's Agent
Cathy Waz
eXp Realty
List Price
$389,000
Sold Price
$365,000
Premium/Discount to List
-$24,000
-6.17%
Current Estimated Value
$514,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,604
Avg. Annual Appreciation
7.00%
Original Mortgage
$232,719
Outstanding Balance
$207,559
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$307,045

Purchase Details

Closed on
Feb 27, 2018
Sold by
Goldie Girl Limited Llc
Bought by
Verlea Springs Llc

Purchase Details

Listed on
May 11, 2017
Closed on
Jul 31, 2017
Sold by
Goldie Girl Properties Llc
Bought by
Goldie Girl Limited Llc
Seller's Agent
Gavin Rutledge
Faith Real Estate and Investments, LLC
Buyer's Agent
Patti Glauner
HomeSmart
List Price
$255,000
Sold Price
$233,000
Premium/Discount to List
-$22,000
-8.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%

Purchase Details

Listed on
May 11, 2017
Closed on
Jun 2, 2017
Sold by
Johnson Janice K
Bought by
Goldie Giri Properties Llc
Seller's Agent
Gavin Rutledge
Faith Real Estate and Investments, LLC
Buyer's Agent
Patti Glauner
HomeSmart
List Price
$255,000
Sold Price
$233,000
Premium/Discount to List
-$22,000
-8.63%

Purchase Details

Closed on
May 6, 2009
Sold by
Johnson Matthew C
Bought by
Johnson Janice K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eastin Trevor J $365,000 Driggs Title Agency Inc
Verlea Springs Llc -- None Available
Goldie Girl Limited Llc -- None Available
Goldie Giri Properties Llc $233,000 Security Title Agency Inc
Johnson Janice K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eastin Trevor J $232,719
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2020 11/30/20 Sold $365,000 -2.6% $247 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
10/08/2020 10/08/20 Price Changed $374,900 -1.1% $254 / Sq Ft
09/25/2020 09/25/20 Price Changed $379,000 -2.6% $256 / Sq Ft
09/18/2020 09/18/20 For Sale $389,000 0.0% $263 / Sq Ft
08/18/2020 08/18/20 Rented $2,200 -2.2% --
08/13/2020 08/13/20 For Rent $2,250 0.0% --
07/21/2020 07/21/20 Off Market $2,250 -- --
07/14/2020 07/14/20 For Rent $2,250 0.0% --
06/20/2017 06/20/17 Sold $233,000 -2.9% $158 / Sq Ft View Prior Sale
05/22/2017 05/22/17 Price Changed $240,000 -5.9% $162 / Sq Ft
05/10/2017 05/10/17 For Sale $255,000 0.0% $173 / Sq Ft
06/01/2016 06/01/16 Rented $1,595 +2.9% --
05/19/2016 05/19/16 Price Changed $1,550 -2.8% $1 / Sq Ft
05/17/2016 05/17/16 For Rent $1,595 0.0% --
05/17/2016 05/17/16 Off Market $1,595 -- --
05/16/2016 05/16/16 For Rent $1,595 -- --
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 $2,086 $17,403 -- --
2024 $1,926 $16,574 -- --
2023 $1,926 $37,610 $7,520 $30,090
2022 $1,847 $26,850 $5,370 $21,480
2021 $1,860 $25,650 $5,130 $20,520
2020 $1,804 $23,050 $4,610 $18,440
2019 $1,769 $20,750 $4,150 $16,600
2018 $1,726 $18,800 $3,760 $15,040
2017 $1,674 $17,880 $3,570 $14,310
2016 $1,662 $17,270 $3,450 $13,820
2015 $1,395 $16,470 $3,290 $13,180
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Hal Jones

    HomeSmart

    Section Image

  • S

    Seller's Agent in 2020

    Sherry Taylor

    AZArchitecture/Jarson & Jarson

    (480) 486-8406

    3 Total Sales

    Sherry Taylor
    Section Image

  • C

    Buyer's Agent in 2020

    Cathy Waz

    eXp Realty

    (480) 241-7657

    46 Total Sales

    Cathy Waz
    Section Image

  • G

    Seller's Agent in 2017

    Gavin Rutledge

    Faith Real Estate and Investments, LLC

    1 in this area

    8 Total Sales

    Gavin Rutledge
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Joan Faith

    Faith Real Estate and Investments, LLC

    (480) 233-2903

    37 Total Sales

    Joan Faith
    Section Image
  • Patti Glauner

    Buyer's Agent in 2017

    Patti Glauner

    HomeSmart

    (480) 332-6119

    24 Total Sales

    Patti Glauner
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6134360

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-56-173

Arizona Maricopa County Tempe 85282 Alameda

1240 E Verlea Dr, Tempe, AZ

Not Listed for Sale

Detached

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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