J
Seller's Agent in 2025
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
1 in this area
52 Total Sales
1320 W 5th St Tempe, AZ 85281
Sunset Neighborhood
--
Bed
--
Bath
822
Sq Ft
8,364
Sq Ft Lot
Highlights
- RV or Boat Parking
- Ceramic Tile Flooring
- Heat Pump System
- Cooling Available
About This Home
As of May 2025Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units).Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to OldTown Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 03/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,408
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Parking
- 8 Parking Spaces
- Carport
- Free Parking
- RV or Boat Parking
Utilities
- Cooling Available
- Heat Pump System
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for water, sewer, landscaping
- Tax Lot 11
- Assessor Parcel Number 124-28-034
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are .384 acres
- Jo Ellen Homes Subdivision
Building Details
- Operating Expense $10,374
- Gross Income $79,540
- Net Operating Income $66,358
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2025
Closed on
May 13, 2025
Sold by
Douglas G Magdaleno G and Douglas Lisa A
Bought by
Heritage Legacy Ventures Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Vincent Chan
West USA Realty
List Price
$1,150,000
Sold Price
$1,025,000
Premium/Discount to List
-$125,000
-10.87%
Total Days on Market
54
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-82.89%
Purchase Details
Closed on
Nov 14, 2008
Sold by
Magdaleno Douglas and Magdaleno Lisa
Bought by
Magdaleno Douglas G and Magdaleno Lisa A
Purchase Details
Closed on
Mar 14, 2005
Sold by
Duffy Patrick J
Bought by
Magdaleno Douglas and Magdaleno Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 23, 2003
Sold by
Pardun Thomas and Pardun Heike M
Bought by
Duffy Patrick J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
5.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 20, 2000
Sold by
Iaquinto Shirley
Bought by
Pardun Thomas J and Pardun Heike M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,850
Interest Rate
7.98%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,025,000 | Magnus Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $187,500 | Fidelity National Title | |
| Warranty Deed | $147,000 | Security Title Agency | |
| Warranty Deed | $115,500 | Capital Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $12,000 | Unknown | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $132,300 | New Conventional | |
| Previous Owner | $80,850 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $1,025,000 | -6.4% | $1,247 / Sq Ft |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- |
| 03/29/2025 03/29/25 | Price Changed | $1,095,000 | -4.8% | $1,332 / Sq Ft |
| 03/03/2025 03/03/25 | For Sale | $1,150,000 | -- | $1,399 / 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 | $1,408 | $12,567 | -- | -- |
| 2024 | $1,391 | $11,968 | -- | -- |
| 2023 | $1,391 | $33,170 | $6,630 | $26,540 |
| 2022 | $1,334 | $27,670 | $5,530 | $22,140 |
| 2021 | $1,343 | $25,980 | $5,190 | $20,790 |
| 2020 | $1,302 | $23,630 | $4,720 | $18,910 |
| 2019 | $1,278 | $17,500 | $3,500 | $14,000 |
| 2018 | $1,246 | $14,570 | $2,910 | $11,660 |
| 2017 | $1,209 | $13,220 | $2,640 | $10,580 |
| 2016 | $1,201 | $11,080 | $2,210 | $8,870 |
| 2015 | $1,153 | $10,860 | $2,170 | $8,690 |
Source: Public Records
Agents Affiliated with this Home
-
James Stephens
-
Vincent Chan
Buyer's Agent in 2025
Vincent Chan
West USA Realty
(602) 561-7343
1 in this area
52 Total Sales
-
Derek Liu
D
Buyer Co-Listing Agent in 2025
Derek Liu
West USA Realty
(602) 748-7390
1 in this area
53 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6830355
APN: 124-28-034
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
Nearby Homes
- 405 S Priest Dr
- 508 S Ernie Place
- 1408 W 7th St
- 1432 W 7th St
- 1412 W 7th Place
- 1438 W 7th St
- 1205 W 7th St
- 1413 W 7th Place
- 710 S Beck Ave
- 315 S Beck Ave
- 1539 W 5th St
- 702 S Beck Ave
- 754 S Beck Ave
- 1532 W 6th St
- 1081 W 1st St Unit 7
- 1533 W 7th St
- 415 S Robert Rd
- 1065 W 1st St Unit 114
- 1065 W 1st St Unit 109
- 1061 W 5th St Unit 3