NOT LISTED FOR SALE

1319 W 3rd St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $554,261 - $892,000

-- Bed
-- Bath
2,608 Sq Ft
$272/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $295,000 $113 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $3,924/month

198 Days on Market

About This Home

As of July 2016

FULLY RENTED SOLID INVESTMENT BLOCK FOURPLEX CASH FLOWING PROPERTY IN THE HEART OF TEMPE! BLOCK CONSTRUCTION HAS 2 ONE BEDROOM & 2 TWO BEDROOM UNITS! UNITS ARE PAYING FOLLOWING IN RENT: $729, $500, $500, $637. BRAND NEW ROOF INSTALLED THIS PAST MONTH! LOW MAINTENANCE PROPERTY THAT NEVER HAS A PROBLEM RENTING! POSSIBLE UPSIDE ON SOME OF THE RENTS. VERIFY ALL FACTS AND FIGURES.

Last Agent to Sell the Property

Daniel Shreeve

Arizona Platinum Properties LLC License #BR572199000 Listed on: 12/01/2015

Last Buyer's Agent

David Schuster

Realty ONE Group License #SA639653000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,768

Year Built

  • Built in 1981

Lot Details

  • 8,364

Home Design

  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe Academy Of International Studies Mckemy High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 4
  • Assessor Parcel Number 124-28-041

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8359
  • Griffith Estates Subdivision

Building Details

  • Gross Income $28,392
  • Net Operating Income $20,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,768

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: PRIEST & UNIVERSITY
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1981
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1920.0
  • Subdivision Name: GRIFFITH ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • 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:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe Academy Of International Studies McKemy
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 8359
  • Additional Parcels: No
  • Parcel #: 124-28-041

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 28392.0
  • Insurance Expense: 1150.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 20972.0

Tax Info

  • Tax Annual Amount: 1768.0
  • Tax Book Number: 124.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2015
Closed on
Jul 29, 2016
Sold by
1319 W 3Rd Realty Llc
Bought by
Metro Cactus Properties Ii Llc
Seller's Agent
Daniel Shreeve
Arizona Platinum Properties LLC
Buyer's Agent
David Schuster
Realty ONE Group
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%
Current Estimated Value
$710,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,065
Avg. Annual Appreciation
9.78%

Purchase Details

Closed on
Mar 14, 2014
Sold by
Manetas Christopher and Mercado Selena
Bought by
1319 W 3Rd Realty Llc

Purchase Details

Listed on
Jun 27, 2013
Closed on
Sep 3, 2013
Sold by
Brown John and Brown Julie
Bought by
Manetas Christopher and Mercado Selena
Seller's Agent
Scott Jackson
Realty ONE Group
Buyer's Agent
Tanya Marchiol
Team Investments
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$187,500
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2010
Sold by
Barr Alan
Bought by
Barr Donita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2010
Sold by
Barr Donita and Barr Ariel
Bought by
Brown John and Brown Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2009
Sold by
Ez Homes Inc
Bought by
Barr Donita and Barr Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2009
Sold by
Ljuljdjuraj Robert
Bought by
Ez Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2006
Sold by
Leclair Rosemary and Leclair Gerald
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
Nov 8, 2004
Sold by
Stone William E and Stone Elaine R
Bought by
Leclair Gerald and Leclair Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Metro Cactus Properties Ii Llc $291,000 Old Republic Title Agency
1319 W 3Rd Realty Llc -- None Available
Manetas Christopher $250,000 Magnus Title Agency
Barr Donita -- Fidelity Natl Title Ins Co
Brown John $157,500 Fidelity Natl Title Ins Co
Barr Donita -- None Available
Ez Homes $121,200 Fidelity Natl Title Ins Co
Ljuljdjuraj Robert $385,000 Capital Title Agency Inc
Leclair Gerald $205,000 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manetas Christopher $187,500
Previous Owner Brown John $118,125
Previous Owner Barr Donita $95,000
Previous Owner Ljuljdjuraj Robert $269,500
Previous Owner Leclair Gerald $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2016 07/28/16 Sold $295,000 -4.8% $113 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
06/13/2016 06/13/16 Price Changed $309,900 0.0% $119 / Sq Ft
06/09/2016 06/09/16 Price Changed $310,000 -1.6% $119 / Sq Ft
05/23/2016 05/23/16 For Sale $315,000 -10.0% $121 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $350,000 +40.0% $134 / Sq Ft
10/02/2013 10/02/13 Sold $250,000 -7.4% $96 / Sq Ft View Prior Sale
08/16/2013 08/16/13 Pending -- -- --
06/27/2013 06/27/13 For Sale $269,900 -- $103 / 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 $2,309 $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

  • D

    Seller's Agent in 2016

    Daniel Shreeve

    Arizona Platinum Properties LLC

    (480) 600-4307

    30 Total Sales

    Daniel Shreeve
    Section Image
  • David Schuster

    Buyer's Agent in 2016

    David Schuster

    Realty One Group

    (602) 717-0796

    1 in this area

    62 Total Sales

    David Schuster
    Section Image
  • Scott Jackson

    Seller's Agent in 2013

    Scott Jackson

    Realty One Group

    (602) 999-2255

    1 Total Sale

    Scott Jackson
    Section Image

  • T

    Buyer's Agent in 2013

    Tanya Marchiol

    Team Investments

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5368258

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-041

Arizona Maricopa County Tempe 85281 Downtown Tempe

1319 W 3rd 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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