NOT LISTED FOR SALE

1320 W 3rd St Tempe, AZ 85281

Sunset Neighborhood

Estimated Value: $776,000 - $1,211,956

-- Bed
-- Bath
3,136 Sq Ft
$324/Sq Ft Est. Value

Last Sold April 03, 2017

Last sale price $650,000 $207 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,882/month

18 Days on Market

Highlights

  • Community Barbecue Grill
  • Central Air
  • Heating Available
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of April 2017

LOCATION FEATURES: 1 mile from Mill Ave. Easy 202 access. FREE Orbit Bus shuttles to ASU, Light Rail Stations, and around Tempe. Walking/Running/Biking trail to Tempe Town Lake close. Grocery Store within walking distance.
RENTAL FEATURES: Covered and non covered dedicated parking, Washer/Dryer included in each unit, Updated appliances and lighting: Glass Top Stoves, ceiling fans throughout. Private patio with storage shed, Brand New Energy Efficient Air Conditioning, Garbage Disposal, Single level building(no stairs or anyone above or below). Fresh interior paint and remodel. BBQ grill. Security Systems, surveillance cameras present and convey

Last Listed By

Dan Brown

Geneva Real Estate and Investments License #SA635750000 Listed on: 01/16/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1983

Lot Details

  • 0.31

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 35
  • Assessor Parcel Number 124-28-005-F

Community Details

Overview

  • 4 Units
  • Building Dimensions are 13329
  • Tempe Apartments Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $7,204
  • Gross Income $20,000
  • Net Operating Income $55,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,604

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: PRIEST & UNIVERSITY
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2016
  • Directions: Priest & 3rd Directions: Beck & University Directions: Beck & University Directions: NORTH ON BECK TO 3RD STREET. WEST ON 3RD TO 1320 UNIT ON THE NORTH SIDE OF THE STREET.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: TEMPE APARTMENTS
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Assigned, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Trash Expense: 360.0
  • Annual Water Sewer Expense: 2040.0

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 13329
  • Additional Parcels: No
  • Parcel #: 124-28-005-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 20000.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 55996.0
  • Annual Operating Expense: 7204.0

Tax Info

  • Tax Annual Amount: 2604.0
  • Tax Book Number: 124.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2017
Sold by
Cauthorn Theodore
Bought by
Trc I Properties Llc
Total Days on Market
18
Current Estimated Value
$1,015,239

Purchase Details

Listed on
Jan 16, 2017
Closed on
Mar 27, 2017
Sold by
Brown Daniel J and Brown Mckenzie D
Bought by
Cauthorn Theodore
Seller's Agent
Dan Brown
Geneva Real Estate and Investments
Buyer's Agent
Kerry Jackson
Grace Realty Group, LLC
List Price
$635,000
Sold Price
$650,000
Premium/Discount to List
$15,000
2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Jan 28, 2013
Sold by
Brown Mckenzie D
Bought by
Tweeks 4 Geeks Llc

Purchase Details

Closed on
Jun 2, 2010
Sold by
Darvish Simon
Bought by
Brown Mckenzie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,887
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 2005
Sold by
Nazarian Rozita
Bought by
Darvish Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 23, 2005
Sold by
Gerald H & Rosemary J Leclair Family Lp
Bought by
Darvish Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 7, 2002
Sold by
Leclair Gerald H and Leclair Rosemary J
Bought by
Gerald H & Rosemary J Leclair Family Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
6.52%

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
Dec 11, 2000
Sold by
Leclair Gerald H and Leclair Rosemary J
Bought by
The Gerald H & Rosemary J Leclair Family

Purchase Details

Closed on
Aug 24, 2000
Sold by
Clark Elaine E
Bought by
Leclair Gerald H and Leclair Rosemary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1998
Sold by
Macias Carmen
Bought by
Clark Elaine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.88%

Purchase Details

Closed on
Sep 4, 1998
Sold by
Clark Elaine E
Bought by
Clark Elaine E and The Clark Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.88%

Range of Values:

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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
Trc I Properties Llc -- None Available
Cauthorn Theodore $650,000 American Title
Tweeks 4 Geeks Llc -- None Available
Brown Mckenzie D $159,000 Title Management Agency Of A
Darvish Simon -- Stewart Title & Trust Of Pho
Darvish Simon $475,000 Stewart Title & Trust Of Pho
Gerald H & Rosemary J Leclair Family Ltd -- Stewart Title & Trust
Leclair Gerald H -- Stewart Title & Trust
Gerald H & Rosemary J Leclair Family Ltd -- --
The Gerald H & Rosemary J Leclair Family -- --
Leclair Gerald H $170,000 Capital Title Agency
Clark Elaine E -- Ati Title Company
Clark Elaine E -- Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Mckenzie D $156,887
Previous Owner Darvish Simon $380,000
Previous Owner Leclair Gerald H $186,400
Previous Owner Leclair Gerald H $136,000
Previous Owner Clark Elaine E $92,000
Closed Leclair Gerald H $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2017 04/03/17 Sold $650,000 +2.4% $207 / Sq Ft
01/16/2017 01/16/17 For Sale $635,000 -- $202 / 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 $3,053 $27,259 -- --
2024 $3,017 $25,961 -- --
2023 $3,017 $82,880 $16,570 $66,310
2022 $2,894 $65,360 $13,070 $52,290
2021 $2,914 $54,930 $10,980 $43,950
2020 $2,825 $49,110 $9,820 $39,290
2019 $2,772 $39,910 $7,980 $31,930
2018 $2,703 $32,780 $6,550 $26,230
2017 $2,622 $28,260 $5,650 $22,610
2016 $2,604 $27,350 $5,470 $21,880
2015 $2,501 $26,880 $5,370 $21,510
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Brown

    Geneva Real Estate and Investments

    Section Image
  • Kerry Jackson

    Buyer's Agent in 2017

    Kerry Jackson

    Grace Realty Group, LLC

    (480) 227-4710

    139 Total Sales

    Kerry Jackson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5547654

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-005F

Arizona Maricopa County Tempe 85281 Sunset

1320 W 3rd St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1320 W 3rd St, Tempe, AZ 85281 since 16 January 2017 and is currently estimated at $1,015,239, approximately $323 per square foot. This property was built in 1983. 1320 W 3rd St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

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