$279,000
SOLD NOV 7, 2014
-- Bed
-- Bath
2,608 Sq Ft
8,364 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

3% Below List Price

68 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of May 2017

A great opportunity to own a very clean, turnkey, 100% occupied investment property in Tempe. 2-2 bed 1 bath 750 SqFt.,2- 1 bed 1 bath 650 SqFt.four plex. Value add with rents, Remodeled in 2010, All Tile, Individually metered for electricity and gas. Very private back yards with friendly open shaded large front patios. Lush trees with grass in the front!!! Laundry onsite with possible other income.

Last Agent to Sell the Property

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 07/26/2014

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 07/26/2014

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1981

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 124-28-039

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8357
  • Griffith Estates Subdivision

Building Details

  • Operating Expense $9,254
  • Gross Income $26,676
  • Net Operating Income $17,422

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,500

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: University @ Priest
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2013
  • Directions: North on Priest to 3rd St. 3rd to property on south side on street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2246.4
  • Subdivision Name: Griffith Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Other (See Remarks), BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual
  • Heating: Other, See Remarks, Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 1768.1

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 8357
  • Additional Parcels: No
  • Parcel #: 124-28-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 571.5
  • Annual Gross Income: 26676.0
  • Insurance Expense: 1244.59
  • Maintenance Expense: 723.91
  • Property Net Operating Income: 17421.66
  • Annual Operating Expense: 9254.34
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1499.84
  • Tax Book Number: 124.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 22, 2017
Sold by
Eisakhanian Haygoei and Moayer Albert
Bought by
Moayer Albert
Seller's Agent
Dave Messner
Realty ONE Group
Buyer's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$818,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,358
Avg. Annual Appreciation
11.48%
Original Mortgage
$251,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2017
Closed on
Apr 20, 2017
Sold by
Nimtz Matthew C and Groves Scott L
Bought by
Moayer Albert
Seller's Agent
Dave Messner
Realty ONE Group
Buyer's Agent
Julie Rickli
Better Homes & Gardens Real Estate SJ Fowler
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 26, 2014
Closed on
Oct 17, 2014
Sold by
Tortosa Llc
Bought by
Nimtz Matthew C and Groves Scott L
Seller's Agent
Eric Hegarty
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Eric Hegarty
Better Homes & Gardens Real Estate SJ Fowler
List Price
$289,000
Sold Price
$279,000
Premium/Discount to List
-$10,000
-3.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$191,250
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2011
Sold by
Tonnesen + Vullo + Bosc Llc
Bought by
Tortosa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2010
Sold by
Bank Of America National Association
Bought by
Tonnesen + Vullo + Bose Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 18, 2010
Sold by
Ljuldjuraj Robert
Bought by
Bank Of America National Association

Purchase Details

Closed on
Apr 5, 2006
Sold by
Gerald H & Rosemary J Leclair Family Lp
Bought by
Ljuljdjuraj Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 8, 2006
Sold by
Ljuljdjuraj Mariana
Bought by
Ljuljdjuraj Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 19, 2003
Sold by
Leclair Rosemary J
Bought by
Gerald H & Rosemary J Leclair Family Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,800
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2003
Sold by
Leclair Gerald H
Bought by
Leclair Rosemary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,800
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2001
Sold by
Leclair Gerald H and Leclair Rosemary J
Bought by
Gerald H & Rosemary J Leclair Family Ltd

Purchase Details

Closed on
Jul 30, 2001
Sold by
Starr John Robert and Starr Mee Ling
Bought by
Leclair Gerald H and Leclair Rosemary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1997
Sold by
Starr John R and Starr John Robert
Bought by
Starr John Robert and Starr Mee Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
7.19%
Source: Public Records

Range of Values:

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Average Value
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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
Interfamily Deed Transfer -- Clear Title Agency Of Arizon
Warranty Deed $335,000 Clear Title Agency Of Arizon
Warranty Deed $279,000 Stewart Title & Trust Of Pho
Warranty Deed -- None Available
Special Warranty Deed -- Servicelink
Trustee Deed $154,700 Security Title Agency
Warranty Deed $385,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Interfamily Deed Transfer -- Stewart Title & Trust
Interfamily Deed Transfer -- Stewart Title & Trust
Interfamily Deed Transfer -- Stewart Title & Trust
Interfamily Deed Transfer -- --
Warranty Deed $160,000 Stewart Title & Trust
Interfamily Deed Transfer -- Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $488,400 New Conventional
Closed $251,250 New Conventional
Previous Owner $191,250 New Conventional
Previous Owner $148,000 Purchase Money Mortgage
Previous Owner $148,000 Unknown
Previous Owner $269,500 Fannie Mae Freddie Mac
Previous Owner $133,800 Purchase Money Mortgage
Previous Owner $269,500 Fannie Mae Freddie Mac
Previous Owner $128,000 New Conventional
Previous Owner $49,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $335,000 +3.1% $128 / Sq Ft
05/16/2017 05/16/17 Price Changed $325,000 -3.0% $125 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $335,000 +20.1% $128 / Sq Ft
11/07/2014 11/07/14 Sold $279,000 -3.5% $107 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
07/26/2014 07/26/14 For Sale $289,000 -- $111 / 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 $2,158 $19,267 -- --
2024 $2,132 $18,350 -- --
2023 $2,132 $50,150 $10,030 $40,120
2022 $2,045 $41,730 $8,340 $33,390
2021 $2,059 $37,430 $7,480 $29,950
2020 $1,997 $34,130 $6,820 $27,310
2019 $1,959 $25,600 $5,120 $20,480
2018 $1,910 $23,400 $4,680 $18,720
2017 $1,854 $20,060 $4,010 $16,050
2016 $1,841 $17,280 $3,450 $13,830
2015 $1,768 $17,160 $3,430 $13,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5151172

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-039