$480,000
SOLD MAY 15, 2025

1259 E Tempe Dr Tempe, AZ 85288

North Tempe Neighborhood
-- Bed
-- Bath
-- Sq Ft
7,884 Sq Ft Lot

Recently Sold

22% Above List Price

6 Days on Market

About This Home

As of May 2025

Great investment opportunity in Tempe! This duplex, built in 1958, sits on a 7,880 sqft lot and features two spacious 952 sqft units, each with 2 bedrooms and 1 bathroom. Perfect for investors or owner-occupants looking for rental income. The property offers ample lot space and is conveniently located near shopping, dining, and freeway access. Don't miss this chance to own a versatile income-producing property in a prime location!

Last Agent to Sell the Property

James Diller

Real Broker License #BR681830000 Listed on: 02/25/2025

Real Broker

Last Buyer's Agent

Andrea Webb

ProSmart Realty License #SA663610000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,494

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 258
  • Assessor Parcel Number 132-13-107

Community Details

Overview

  • 2 Units
  • Building Dimensions are 67 x 118
  • North Tempe 3 Subdivision

Building Details

  • Operating Expense $1,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,494

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: E Curry Rd & N Miller Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH TEMPE 3
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, On Street
  • 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 Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: 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

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 67 x 118
  • Additional Parcels: No
  • Parcel #: 132-13-107

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 2
  • Annual Operating Expense: 1494.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1494.0
  • Tax Book Number: 132.00
  • Tax Lot: 258

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
May 13, 2025
Sold by
Sfr Rs Owner Lp
Bought by
Jackson Seth
Seller's Agent
James Diller
Real Broker
Buyer's Agent
Andrea Webb
ProSmart Realty
List Price
$395,000
Sold Price
$480,000
Premium/Discount to List
$85,000
21.52%
Views
34
Current Estimated Value
$474,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,855
Avg. Annual Appreciation
-1.96%
Original Mortgage
$471,306
Outstanding Balance
$468,355
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$5,790

Purchase Details

Listed on
Feb 25, 2025
Closed on
Apr 29, 2025
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp
Seller's Agent
James Diller
Real Broker
Buyer's Agent
Andrea Webb
ProSmart Realty
List Price
$395,000
Sold Price
$480,000
Premium/Discount to List
$85,000
21.52%
Views
34

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
$5,790

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

Closed on
May 19, 2020
Sold by
Watanabe Guy Hiroshi
Bought by
Rs Phoenix Owner 4 Lp

Purchase Details

Closed on
Jun 11, 2014
Sold by
Dohs Henry Joseph and Dohs Nancy K
Bought by
Watanabe Guy Hiroshi
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 Type Sale Price Title Company
Special Warranty Deed $480,000 St (Stewart Title)
Special Warranty Deed -- St (Stewart Title)
Special Warranty Deed -- Os National
Warranty Deed $285,000 Fidelity Natl Ttl Agcy Inc
Cash Sale Deed $155,000 Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $471,306 FHA
Previous Owner $256,412,980 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2025 05/15/25 Sold $480,000 +21.5% --
03/03/2025 03/03/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $395,000 -- --
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

  • J

    Seller's Agent in 2025

    James Diller

    Real Broker

    Section Image

  • A

    Buyer's Agent in 2025

    Andrea Webb

    ProSmart Realty

    (480) 593-7111

    1 in this area

    26 Total Sales

    Andrea Webb
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826010

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-107

Arizona Maricopa County Tempe 85281 North Tempe

1259 E Tempe Dr, Tempe, AZ

Sold

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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