NOT LISTED FOR SALE

1321 W 5th St Tempe, AZ 85281

Sunset Neighborhood

Estimated Value: $896,236

-- Bed
-- Bath
2,760 Sq Ft
$325/Sq Ft Est. Value

Last Sold January 21, 2019

Last sale price $510,000 $185 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $5,189/month

15 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of January 2019

4 Plex in a great location. All 2 bedroom, 1 bath units. Fully occupied.
This property has 2 units that have been updated in the past 2 years. 4 New HVAC units. Great value and room to improve other 2 units.

Last Listed By

Joanna Crane

Sterling Fine Properties License #SA647988000 Listed on: 12/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,338

Year Built

  • Built in 1970

Lot Details

  • 0.26

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, sewer
  • The owner pays for gas, water
  • Tax Lot 38
  • Assessor Parcel Number 124-37-004-F

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are .26 Acres
  • State Plat No 12 Amd Subdivision

Building Details

  • Operating Expense $11,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,338

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: UNIVERSITY AND PRIEST
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 2
  • Year Built: 1970
  • Tax Year: 2018
  • Directions: FROM 202, S ON PRIEST, LEFT ON W 5TH, PROPERTY ON RIGHT.
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 1800.0
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 900.0
  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: .26 Acres
  • Additional Parcels: No
  • Parcel #: 124-37-004-F

Multi Family

  • Owner Pays: Gas, Water
  • Tenant Pays: Trash Collection, Gas, Electricity, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 1000.0
  • Insurance Expense: 1260.0
  • Maintenance Expense: 1200.0
  • Annual Operating Expense: 11978.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2338.0
  • Tax Book Number: 124.00
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2022
Sold by
Bennet J Spagg Testamentary Trust
Bought by
Spagg Properties Llc
Total Days on Market
15
Current Estimated Value
$896,236

Purchase Details

Listed on
Dec 18, 2018
Closed on
Jan 17, 2019
Sold by
1321 5Th St Llc
Bought by
Spagnola Terry and The Bennet J Spagg Trust
Seller's Agent
Joanna Crane
Sterling Fine Properties
Buyer's Agent
Beth Mickley
eXp Realty
List Price
$524,900
Sold Price
$510,000
Premium/Discount to List
-$14,900
-2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%

Purchase Details

Closed on
May 10, 2018
Sold by
Crane Joshua and Crane Joanna
Bought by
1321 5Th St Llc

Purchase Details

Listed on
Apr 8, 2017
Closed on
Apr 19, 2017
Sold by
Butler William Elvin
Bought by
Crane Joshua and Crane Joanna
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Joanna Crane
HomeSmart
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Original Mortgage
$266,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2002
Sold by
Butler William Elvin
Bought by
Butler William Elvin and William Elvin Butler Amended Revocable T

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
Spagg Properties Llc -- None Listed On Document
Spagnola Terry $510,000 American Title Service Agenc
1321 5Th St Llc -- None Available
Crane Joshua $375,000 Security Title Agency Inc
Butler William Elvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crane Joshua $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2019 01/21/19 Sold $510,000 -2.8% $185 / Sq Ft
12/18/2018 12/18/18 For Sale $524,900 +40.0% $190 / Sq Ft
04/25/2017 04/25/17 Sold $375,000 -5.1% $136 / Sq Ft
04/07/2017 04/07/17 For Sale $395,000 -- $143 / 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 $2,641 $23,577 -- --
2024 $2,609 $22,454 -- --
2023 $2,609 $73,850 $14,770 $59,080
2022 $2,503 $58,520 $11,700 $46,820
2021 $2,520 $49,270 $9,850 $39,420
2020 $2,444 $43,470 $8,690 $34,780
2019 $2,397 $35,220 $7,040 $28,180
2018 $2,338 $28,910 $5,780 $23,130
2017 $2,268 $24,980 $4,990 $19,990
2016 $2,252 $23,830 $4,760 $19,070
2015 $2,163 $23,560 $4,710 $18,850
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joanna Crane

    Sterling Fine Properties

  • B

    Buyer's Agent in 2019

    Beth Mickley

    eXp Realty

    Section Image
  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    100 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5858622

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-37-004F

Arizona Maricopa County Tempe 85281 Sunset

1321 W 5th St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1321 W 5th St, Tempe, AZ 85281 since 18 December 2018 and is currently priced at $896,236, approximately $324 per square foot. This property was built in 1970. 1321 W 5th 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

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