NOT LISTED FOR SALE

1257 E Tempe Dr Tempe, AZ 85281

North Tempe Neighborhood

Estimated Value: $452,000 - $501,000

Studio
-- Bath
1,904 Sq Ft
$250/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $285,000 $150 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,625/month

7 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heat Pump System
  • Cooling Available

About This Home

As of May 2020

Wow! Investor special! Tenant occupied duplex with immediate cash flow and huge rent roll upside! Cute, clean and cozy rare Tempe duplex, premium over sized corner lot, both expansive units are 2/1 with updated paint, tile floors, off street parking, tranquil private patio, near by schools, mountain views, great location and more!

Last Agent to Sell the Property

Dominic Arnold

AZ Prime Property Management License #BR639934000 Listed on: 04/24/2020

Last Buyer's Agent

Corey Wilson

HomeSmart License #SA679809000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,356

Year Built

  • Built in 1958

Lot Details

  • 7,884

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • RV or Boat Parking

Schools

  • Cecil Shamley Elementary School
  • Connolly Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 258
  • Assessor Parcel Number 132-13-107

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7880
  • North Tempe 3 Subdivision

Building Details

  • Operating Expense $3,308
  • Gross Income $15,600
  • Net Operating Income $13,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,356

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Curry and Miller
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH TEMPE 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: RV/Boat Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Drapes2: Yes

Schools

  • Elementary School: Cecil Shamley School
  • High School: Tempe High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 7880
  • Additional Parcels: No
  • Parcel #: 132-13-107

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Insurance Expense: 852.0
  • Maintenance Expense: 200.0
  • Property Net Operating Income: 13615.0
  • Annual Operating Expense: 3308.0

Tax Info

  • Tax Annual Amount: 1356.0
  • Tax Book Number: 132.00
  • Tax Lot: 258

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2025
Sold by
Sfr Rs Owner Lp
Bought by
Jackson Seth
Current Estimated Value
$476,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,306
Outstanding Balance
$468,355
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$8,253

Purchase Details

Closed on
Apr 29, 2025
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,306
Outstanding Balance
$468,355
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$8,253

Purchase Details

Closed on
Dec 14, 2021
Sold by
Rs Phoenix Owner 4 Lp
Bought by
Star 2021 Sfr2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,412,980
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2020
Closed on
May 19, 2020
Sold by
Watanabe Guy Hiroshi
Bought by
Rs Phoenix Owner 4 Lp
Seller's Agent
Dominic Arnold
AZ Prime Property Management
Buyer's Agent
Corey Wilson
HomeSmart
List Price
$310,500
Sold Price
$285,000
Premium/Discount to List
-$25,500
-8.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.53%

Purchase Details

Listed on
Jan 3, 2014
Closed on
Jun 11, 2014
Sold by
Dohs Henry Joseph and Dohs Nancy K
Bought by
Watanabe Guy Hiroshi
Seller's Agent
Susan Kessler
HUNT Real Estate ERA
Buyer's Agent
Frances Rasouli
Realty One Scottsdale LLC
List Price
$200,000
Sold Price
$155,000
Premium/Discount to List
-$45,000
-22.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Source: Public Records
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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
Jackson Seth $480,000 St (Stewart Title)
Sfr Rs Owner Lp -- St (Stewart Title)
Star 2021 Sfr2 Borrower Lp -- Os National
Rs Phoenix Owner 4 Lp $285,000 Fidelity Natl Ttl Agcy Inc
Watanabe Guy Hiroshi $155,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Seth $471,306
Previous Owner Star 2021 Sfr2 Borrower Lp $256,412,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2020 05/20/20 Sold $285,000 -8.1% $150 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/25/2020 04/25/20 Price Changed $310,000 -0.2% $163 / Sq Ft
04/24/2020 04/24/20 For Sale $310,500 +100.3% $163 / Sq Ft
06/18/2014 06/18/14 Sold $155,000 -22.5% $81 / Sq Ft View Prior Sale
06/05/2014 06/05/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $200,000 -- $105 / 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 $1,599 $13,341 -- --
2024 $1,476 $12,706 -- --
2023 $1,476 $36,430 $7,280 $29,150
2022 $1,416 $29,600 $5,920 $23,680
2021 $1,426 $24,480 $4,890 $19,590
2020 $1,383 $21,280 $4,250 $17,030
2019 $1,356 $20,180 $4,030 $16,150
2018 $1,323 $17,160 $3,430 $13,730
2017 $1,283 $14,550 $2,910 $11,640
2016 $1,274 $11,860 $2,370 $9,490
2015 $1,224 $11,050 $2,210 $8,840
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dominic Arnold

    AZ Prime Property Management

    (480) 449-6632

    1 in this area

    127 Total Sales

    Dominic Arnold
    Section Image

  • C

    Buyer's Agent in 2020

    Corey Wilson

    HomeSmart

  • S

    Seller's Agent in 2014

    Susan Kessler

    Hunt Real Estate

    Section Image

  • F

    Buyer's Agent in 2014

    Frances Rasouli

    Realty One Scottsdale LLC

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6070061

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-107

Arizona Maricopa County Tempe 85281 North Tempe

1257 E Tempe Dr, Tempe, AZ

Not Listed for Sale

MultiFamily

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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