Seller's Agent in 2025
Jacquelyn Shoffner
Real Broker
(480) 839-6600
1 in this area
196 Total Sales
1301 W 3rd St Tempe, AZ 85281
Downtown Tempe Neighborhood
--
Bed
--
Bath
2,608
Sq Ft
1979
Built
Highlights
- Ceramic Tile Flooring
- Ceiling Fan
- Heating Available
- Central Air
About This Home
As of September 2025Prime Tempe 4-Plex - Great investment opportunity in a highly sought-after Tempe location! The property features two spacious 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with its own front patio. The one-bedroom units also enjoy private enclosed yards, perfect for added tenant appeal. Shared amenities include an on-site laundry room and rear parking. Nestled on a quiet, well-kept street with numerous remodeled homes, this property is just minutes from ASU campus, Carvana Headquarters, Phoenix Sky Harbor International Airport, the 202 freeway. With some long-term tenants already in place, there's significant upside potential for upgrades and market rent increases. Exceptional Value-Add Potential. Please do not disturb residents!
Last Agent to Sell the Property
Real Broker License #SA642583000 Listed on: 08/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,092
Year Built
- Built in 1979
Home Design
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Paved Parking
Schools
- Scales Technology Academy Elementary School
- Geneva Epps Mosley Middle School
- Tempe High School
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 1
- Assessor Parcel Number 124-28-038
Community Details
Overview
- 4 Units
- Building Dimensions are 8359
- Griffith Estates Subdivision
Building Details
- Operating Expense $8,872
- Gross Income $44,700
- Net Operating Income $38,520
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2025
Closed on
Sep 24, 2025
Sold by
Catherine Scott Llc
Bought by
Deegan Robert
Seller's Agent
Jacquelyn Shoffner
Real Broker
Buyer's Agent
Samantha Flatland
Keller Williams Realty Phoenix
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.09%
Original Mortgage
$600,000
Outstanding Balance
$600,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$203,150
Purchase Details
Closed on
May 20, 2024
Sold by
Eric And Laura Weber Family Revocable Li and Weber Eric Scott
Bought by
Catherine Scott Llc
Purchase Details
Closed on
Feb 25, 2020
Sold by
Weber Eric and Weber Laura C
Bought by
Weber Eric Scott and Weber Laura C
Purchase Details
Closed on
Apr 29, 2019
Sold by
Weber Eric
Bought by
Weber Laura C and Weber Eric
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 20, 2016
Closed on
Jun 27, 2016
Sold by
Weber Laura C
Bought by
Weber Eric
Seller's Agent
William Russell
HomeSmart
Buyer's Agent
Jacquelyn Shoffner
Real Broker
List Price
$349,900
Sold Price
$310,000
Premium/Discount to List
-$39,900
-11.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.61%
Original Mortgage
$222,500
Interest Rate
3.58%
Mortgage Type
Commercial
Purchase Details
Listed on
May 20, 2016
Closed on
Jun 24, 2016
Sold by
Jesus Cares Ministries Inc
Bought by
Weber Eric
Seller's Agent
William Russell
HomeSmart
Buyer's Agent
Jacquelyn Shoffner
Real Broker
List Price
$349,900
Sold Price
$310,000
Premium/Discount to List
-$39,900
-11.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,500
Interest Rate
3.58%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 30, 2008
Sold by
Strohm Thomas K
Bought by
Jesus Cares Ministries Inc
Purchase Details
Closed on
Sep 23, 1998
Sold by
Jesus Care Ministries Inc
Bought by
Strohm Thomas K
Purchase Details
Closed on
Sep 1, 1998
Sold by
Pastore Paul E and Pastore Renee E
Bought by
Jesus Cares Ministries Inc
Purchase Details
Closed on
Feb 7, 1997
Sold by
Pastore Paul E and Pastore Renee E
Bought by
Pastore Paul E and Pastore Renee E
Create a Home Valuation Report for This Property
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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 | $800,000 | Capital Title | |
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Old Republic Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Warranty Deed | $310,000 | Security Title Agency Inc | |
| Quit Claim Deed | $135,000 | None Available | |
| Warranty Deed | -- | Capital Title Agency | |
| Warranty Deed | -- | Capital Title Agency | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Previous Owner | $320,000 | New Conventional | |
| Previous Owner | $222,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2025 09/30/25 | Sold | $800,000 | -3.0% | $307 / Sq Ft | |
| 08/19/2025 08/19/25 | Pending | -- | -- | -- | |
| 08/13/2025 08/13/25 | For Sale | $825,000 | +166.1% | $316 / Sq Ft | |
| 06/30/2016 06/30/16 | Sold | $310,000 | -11.4% | $119 / Sq Ft | View Prior Sale |
| 05/19/2016 05/19/16 | For Sale | $349,900 | -- | $134 / 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 | $2,239 | $18,677 | -- | -- |
| 2024 | $2,067 | $17,788 | -- | -- |
| 2023 | $2,067 | $48,860 | $9,770 | $39,090 |
| 2022 | $1,983 | $40,680 | $8,130 | $32,550 |
| 2021 | $1,996 | $36,560 | $7,310 | $29,250 |
| 2020 | $1,936 | $33,270 | $6,650 | $26,620 |
| 2019 | $1,899 | $24,900 | $4,980 | $19,920 |
| 2018 | $1,852 | $22,170 | $4,430 | $17,740 |
| 2017 | $1,797 | $18,250 | $3,650 | $14,600 |
| 2016 | $0 | $12,730 | $2,540 | $10,190 |
| 2015 | -- | $16,650 | $3,330 | $13,320 |
Source: Public Records
Agents Affiliated with this Home
-
Jacquelyn Shoffner
-
Joshua Hogan
Seller Co-Listing Agent in 2025
Joshua Hogan
Real Broker
(480) 369-2880
1 in this area
177 Total Sales
-
Samantha Flatland
Buyer's Agent in 2025
Samantha Flatland
Keller Williams Realty Phoenix
(602) 904-0730
1 in this area
10 Total Sales
-
William Russell
W
Seller's Agent in 2016
William Russell
HomeSmart
(858) 735-3450
2 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6905604
APN: 124-28-038
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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