129 S Hardy Dr Tempe, AZ 85281
Riverside Neighborhood
--
Bed
--
Bath
2,500
Sq Ft
6,490
Sq Ft Lot
About This Home
As of October 2018LOCATION, LOCATION! Walking distance to ASU, new art center, Tempe town lake and restaurants/entertainment near Mill Ave. 4 units total. 2 - two bedroom units and 2 – one bedroom units, most tenants are long term (over 8+ years). Almost a 6% cap rate. All units are all tile flooring and separate exterior storage. Private covered parking for each unit. Building has a laundry room currently not being used. Tenants pay their own electric. Owners pays water/sewer/trash.NO HOA!!! Perfect time to buy and remodel to increase rent and CAP rate... Or since NO HOA.... TURN IT INTO A FULL TIME AIR BNB PROPERTY and get a GREAT CAP RATE!!!!
Last Agent to Sell the Property
J. P. Kush & Associates, LLC License #BR560009000 Listed on: 09/13/2017
Last Buyer's Agent
J. P. Kush & Associates, LLC License #BR560009000 Listed on: 09/13/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,665
Year Built
- Built in 1972
Home Design
- Block Exterior
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Covered Spaces
Schools
- Scales Technology Academy Elementary School
- Geneva Epps Mosley Middle School
- Tempe High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 2
- Assessor Parcel Number 124-31-100
Community Details
Overview
- 4 Units
- Building Dimensions are 100' X 65'
- Monterrey Village Plat 3 Unit 1 Subdivision
Building Details
- Operating Expense $5,483
- Gross Income $28,998
- Net Operating Income $28,998
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2018
Closed on
Oct 18, 2018
Sold by
Rice Christopher and Palazola Jayme
Bought by
Wang Xiaonan and Gao Lina
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Cam Morrier
Occasio Realty
List Price
$480,000
Sold Price
$430,000
Premium/Discount to List
-$50,000
-10.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,792
Avg. Annual Appreciation
10.09%
Original Mortgage
$322,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 13, 2017
Closed on
Jan 27, 2018
Sold by
Abram Andrew B
Bought by
Rice Christopher and Palazola Jayme
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Jason Kush
J. P. Kush & Associates, LLC
List Price
$410,000
Sold Price
$385,000
Premium/Discount to List
-$25,000
-6.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.59%
Original Mortgage
$288,750
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 31, 2016
Closed on
Oct 6, 2016
Sold by
Holmes William T
Bought by
Abrams Andrew B
Seller's Agent
Jason Kush
J. P. Kush & Associates, LLC
Buyer's Agent
Jason Kush
J. P. Kush & Associates, LLC
List Price
$349,500
Sold Price
$310,000
Premium/Discount to List
-$39,500
-11.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
Original Mortgage
$232,500
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 17, 2000
Sold by
Catania Paolo and Catania Filomena
Bought by
Holmes William T and Holmes Mary H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 1998
Sold by
Klauzer Jim
Bought by
Catania Paolo and Catania Filomena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
8.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 1994
Sold by
Schwimmer Ray A
Bought by
Klauzer Jim
Similar Homes in Tempe, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $430,000 | Magnus Title Agency Llc | |
| Warranty Deed | $385,000 | Title Alliance Infinity Agen | |
| Warranty Deed | $310,000 | American Title Svc Agency | |
| Warranty Deed | $170,000 | North American Title Agency | |
| Joint Tenancy Deed | $139,000 | First American Title | |
| Warranty Deed | $96,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,701 | New Conventional | |
| Closed | $322,500 | New Conventional | |
| Previous Owner | $288,750 | New Conventional | |
| Previous Owner | $232,500 | New Conventional | |
| Previous Owner | $177,310 | New Conventional | |
| Previous Owner | $192,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $153,000 | New Conventional | |
| Previous Owner | $111,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/26/2018 10/26/18 | Sold | $430,000 | -6.3% | $172 / Sq Ft |
| 10/08/2018 10/08/18 | Pending | -- | -- | -- |
| 08/15/2018 08/15/18 | Price Changed | $459,000 | -4.4% | $184 / Sq Ft |
| 08/08/2018 08/08/18 | For Sale | $480,000 | 0.0% | $192 / Sq Ft |
| 08/02/2018 08/02/18 | Pending | -- | -- | -- |
| 07/27/2018 07/27/18 | For Sale | $480,000 | 0.0% | $192 / Sq Ft |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- |
| 07/05/2018 07/05/18 | Price Changed | $480,000 | -3.6% | $192 / Sq Ft |
| 06/22/2018 06/22/18 | For Sale | $498,000 | +29.4% | $199 / Sq Ft |
| 02/05/2018 02/05/18 | Sold | $385,000 | -3.6% | $154 / Sq Ft |
| 01/31/2018 01/31/18 | Price Changed | $399,500 | 0.0% | $160 / Sq Ft |
| 12/13/2017 12/13/17 | Pending | -- | -- | -- |
| 12/06/2017 12/06/17 | Price Changed | $399,500 | -2.6% | $160 / Sq Ft |
| 12/05/2017 12/05/17 | For Sale | $410,000 | 0.0% | $164 / Sq Ft |
| 11/20/2017 11/20/17 | Pending | -- | -- | -- |
| 11/07/2017 11/07/17 | For Sale | $410,000 | +6.5% | $164 / Sq Ft |
| 11/06/2017 11/06/17 | Off Market | $385,000 | -- | -- |
| 10/12/2017 10/12/17 | Price Changed | $410,000 | -2.4% | $164 / Sq Ft |
| 09/13/2017 09/13/17 | For Sale | $420,000 | +35.5% | $168 / Sq Ft |
| 10/11/2016 10/11/16 | Sold | $310,000 | -11.3% | $124 / Sq Ft |
| 09/02/2016 09/02/16 | Pending | -- | -- | -- |
| 08/31/2016 08/31/16 | For Sale | $349,500 | -- | $140 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,938 | $17,304 | -- | -- |
| 2024 | $1,915 | $16,480 | -- | -- |
| 2023 | $1,915 | $76,430 | $15,280 | $61,150 |
| 2022 | $1,837 | $58,130 | $11,620 | $46,510 |
| 2021 | $1,850 | $49,700 | $9,940 | $39,760 |
| 2020 | $1,793 | $39,900 | $7,980 | $31,920 |
| 2019 | $1,760 | $31,360 | $6,270 | $25,090 |
| 2018 | $1,716 | $25,910 | $5,180 | $20,730 |
| 2017 | $1,665 | $22,530 | $4,500 | $18,030 |
| 2016 | $1,653 | $21,070 | $4,210 | $16,860 |
| 2015 | $1,588 | $18,260 | $3,650 | $14,610 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Kush
Seller's Agent in 2018
Jason Kush
J. P. Kush & Associates, LLC
(480) 221-9311
19 Total Sales
-
Cam Morrier
Buyer's Agent in 2018
Cam Morrier
Occasio Realty
(623) 255-0725
39 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5659518
APN: 124-31-100
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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