NOT LISTED FOR SALE

1244 N Rose St Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $704,000 - $796,000

-- Bed
6 Baths
7,056 Sq Ft
$107/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $1,550,000 $220 Per Sq Ft

Current estimated payment $4,254/month

45 Days on Market

Highlights

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of April 2023

DEVELOPMENT OPPORTUNITY! Fully renovated 5 plex with great unit mix, large backyards and room to develop 2 additional large units per current zoning. Four 2 bed 1 bath units (two duplexes) and one 3 bed 2 bath SFR fully occupied grossing $8,240/mo. All units have beeb fully gutted inside and out and all systems replaced. 4 new HVAC units, all New Roofs, All new electrical panels, all new windows, and entire interiors. Over $600,000 spent on this property.

Last Agent to Sell the Property

Colby McMahon

Keller Williams Realty Phoenix License #SA679008000 Listed on: 01/17/2023

Last Buyer's Agent

Robert Johnson

RJ4Homes LLC License #BR533188000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1969

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Siding
  • Stucco

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for water
  • Tax Lot 202
  • Assessor Parcel Number 132-13-051-A

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are TBD
  • North Tempe 2 Subdivision

Building Details

  • Operating Expense $4,680
  • Gross Income $95,914
  • Net Operating Income $91,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,880

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: Weber and Scottsdale Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 3
  • Year Built: 1969
  • Tax Year: 2022
  • Directions: Heading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner
  • Road Surface Type: Gravel
  • Subdivision Name: NORTH TEMPE 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Central A/C, Ceiling Fan(s)
  • Heating: Central, 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: TBD
  • Additional Parcels: Yes
  • Parcel #: 132-13-051-A

Multi Family

  • Owner Pays: See Remarks, Water
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 95913.6
  • Property Net Operating Income: 91233.6
  • Annual Operating Expense: 4680.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2880.0
  • Tax Book Number: 132.00
  • Tax Lot: 202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Frontporch Homes Llc
Bought by
Ion Equities Llc
Current Estimated Value
$758,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,500
Outstanding Balance
$800,391
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
-$92,386

Purchase Details

Closed on
Sep 25, 2024
Sold by
Herb Ronald B
Bought by
Capital Fund Reit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2022
Sold by
Slek Haus Qozb 1 Llc
Bought by
Slek Haus Oz Tempe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2021
Sold by
Rydlund Edward and Rydlund John E
Bought by
Slek Haus Qozb 1 Llc

Purchase Details

Closed on
Mar 3, 1999
Sold by
Rydlund John E and Rydlund Francisca Z
Bought by
Rydlund John E and Rydlund Francisca Z

Purchase Details

Closed on
Apr 27, 1998
Sold by
Gourley James C and Gourley Brigitte D
Bought by
Rydlund John and Rydlund Francisca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ion Equities Llc $785,000 Premier Title Agency
Frontporch Homes Llc $700,000 Premier Title Agency
Capital Fund Reit Llc $918,000 First National Title
Slek Haus Oz Tempe Llc -- --
Slek Haus Qozb 1 Llc $691,500 Landmark Ttl Assurance Agcy
Rydlund John E -- --
Rydlund John $85,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ion Equities Llc $802,500
Closed Ion Equities Llc $770,000
Previous Owner Mila Investing Llc $918,000
Previous Owner Slek Haus Oz Tempe Llc $900,000
Previous Owner Rydlund John $75,000
Closed Slek Haus Qozb 1 Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $1,550,000 -3.1% $220 / Sq Ft
04/17/2023 04/17/23 Price Changed $1,599,000 0.0% $227 / Sq Ft
04/11/2023 04/11/23 Price Changed $1,599,000 0.0% $227 / Sq Ft
04/11/2023 04/11/23 For Sale $1,599,000 0.0% $227 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/14/2023 02/14/23 Price Changed $1,599,000 -5.4% $227 / Sq Ft
01/29/2023 01/29/23 Price Changed $1,690,000 -6.1% $240 / Sq Ft
01/16/2023 01/16/23 For Sale $1,800,000 -- $255 / 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 $1,477 $13,188 -- --
2024 $1,460 $12,560 -- --
2023 $1,460 $35,430 $7,080 $28,350
2022 $1,400 $27,920 $5,580 $22,340
2021 $1,410 $22,510 $4,500 $18,010
2020 $1,367 $19,970 $3,990 $15,980
2019 $1,341 $20,010 $4,000 $16,010
2018 $1,308 $15,180 $3,030 $12,150
2017 $1,269 $14,100 $2,820 $11,280
2016 $1,260 $11,280 $2,250 $9,030
2015 $1,210 $10,600 $2,120 $8,480
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Colby McMahon

    Keller Williams Realty Phoenix

  • Robert Johnson

    Buyer's Agent in 2023

    Robert Johnson

    RJ4Homes LLC

    (602) 622-2600

    1 in this area

    19 Total Sales

    Robert Johnson
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6508373

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-051A

Arizona Maricopa County Tempe 85281 North Tempe

1244 N Rose St, Tempe, AZ

This home is located at 1244 N Rose St, Tempe, AZ 85281 since 17 January 2023 and is currently estimated at $758,164, approximately $107 per square foot. This property was built in 1969. 1244 N Rose St 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

Nearby Homes