NOT LISTED FOR SALE

1301 W 4th St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $336,000

Studio
-- Bath
837 Sq Ft
$401/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $7,000,000 $8,363 Per Sq Ft

Current estimated payment $1,868/month

1 Day on Market

Highlights

  • 30 Car Attached Garage
  • Community Barbecue Grill
  • Heating Available
  • Cooling Available
  • Ceramic Tile Flooring

About This Home

As of July 2020

Masterfully designed portfolio of 15-single family attached homes in a community located in dynamic Tempe. Centrally located near ASU, the Loop 202 Freeway, Tempe Town lake, and the Phoenix airport. Built in 2018, the community sits on Qualified Opportunity Zone site, and consists of two-story residences averaging 1,572 square feet each. Unit mix consists of nine, 3 bedroom / 3 bathroom residences, and six, 2
bedroom / 2 bathroom residences. 3-bed/3 bath configurations are at 1696 sq feet, or 1793 sq feet, while 2 bed/2 bath configurations are 1332 square feet.
The community combines the sophisticated, connective vibe of the residents with the modern, urban architecture typically seen only in coastal Southern California. These highly-upgraded, town homes are all individually metered

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 07/07/2020

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Sophia Willets

Grace CRE License #BR648866000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $51,000

Year Built

  • Built in 2017

Parking

  • 30 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Siding
  • Stucco

Flooring

  • Ceramic Tile Flooring

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, electricity, trash collection, cable TV
  • The owner pays for landscaping
  • Assessor Parcel Number 124-28-177

Community Details

Overview

  • 5 Buildings
  • 15 Units
  • Building Dimensions are 11839
  • 4Th Street West Subdivision

Additional Features

  • Community Barbecue Grill
  • Operating Expense $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$51,000

Year Built

Built in 2017

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R1-PAD, R-2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 2017
  • Tax Year: 2020
  • Road Surface Type: Concrete
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: 4TH STREET WEST
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Dishwasher, Disposal, Microwave, W/D Hookup

Exterior Features

  • Disclosures: ALTA Survey Availbl, Other (See Remarks)
  • Construction Type: Block, Wood Frame, Painted, Stucco, Brick Veneer, Siding
  • Roof: Foam, Metal

Garage/Parking

  • Total Covered Spaces: 30.0
  • Parking Features: >1 Space Per Unit, Attached
  • Attached Garage: Yes
  • Total Parking Spaces: 30.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter

Condo/Co-op/Association

  • Community Features: No Pool, Barbecue

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 11839
  • Additional Parcels: No
  • Parcel #: 124-28-177

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Electricity, Trash Collection, Cable TV
  • Number Of Units Total: 15
  • Annual Operating Expense: 51000.0

Tax Info

  • Tax Annual Amount: 51000.0
  • Tax Lot: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Jun 22, 2020
Sold by
Tpg Holdings Llc
Bought by
Kim Family Enterprises Sc Llc
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Sophia Baron
Get Multifamily
List Price
$7,200,000
Sold Price
$7,000,000
Premium/Discount to List
-$200,000
-2.78%
Current Estimated Value
$336,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,664,000
Original Mortgage
$3,000,000
Outstanding Balance
$2,659,270
Interest Rate
3.2%
Mortgage Type
Commercial
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
Kim Family Enterprises Sc Llc $7,000,000 Greystone Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Family Enterprises Sc Llc $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $7,000,000 -2.8% $8,363 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $7,200,000 -- $8,602 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,657 $13,825 $13,825 --
2024 $1,530 $13,167 $13,167 --
2023 $1,530 $12,540 $12,540 $0
2022 $2,213 $35,505 $35,505 $0
2021 $2,228 $35,505 $35,505 $0
2020 $2,160 $30,540 $30,540 $0
2019 $2,120 $27,405 $27,405 $0
2018 $2,067 $23,895 $23,895 $0
2017 $750 $5,275 $5,275 $0
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2020

    Sophia Baron

    Get Multifamily

    (480) 375-0227

    6 in this area

    77 Total Sales

    Sophia Baron
    Section Image
  • Joshua Willets

    Seller Co-Listing Agent in 2020

    Joshua Willets

    Grace CRE

    (561) 473-4477

    3 in this area

    24 Total Sales

    Joshua Willets
    Section Image

  • S

    Buyer's Agent in 2020

    Sophia Willets

    Grace CRE

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6100256

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-177

Arizona Maricopa County Tempe 85281 Downtown Tempe

1301 W 4th St, 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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