1321 W 5th St Tempe, AZ 85281
Sunset Neighborhood
--
Bed
--
Bath
2,760
Sq Ft
1970
Built
Highlights
- Wood Flooring
- Cooling Available
- Heating System Uses Natural Gas
About This Home
As of January 2019Seller is motivated bring your offer's now! This building is fully leased below market at 600! Great value add project all 2 bedroom and 1 bath units. Seller has nicely mainted the units and two units have been redone. Covered parking and onsite leased laundry for additional income. Market rents are at $750 and up. Drive by only. All facts and information are approximate. Buyer verfiy MLS information.
Last Buyer's Agent
Joanna Crane
HomeSmart License #SA647988000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,252
Year Built
- Built in 1970
Home Design
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Wood
- Carpet
- Vinyl
Parking
- 16 Parking Spaces
- 8 Covered Spaces
Schools
- Scales Technology Academy Elementary School
- Geneva Epps Mosley Middle School
- Tempe Academy Of International Studies Mckemy High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water, sewer
- Tax Lot Por38
- Assessor Parcel Number 124-37-004-F
Community Details
Overview
- 4 Units
- Building Dimensions are 70X156.1
Building Details
- Operating Expense $11,083
- Gross Income $34,738
- Net Operating Income $23,654
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
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
9.08%
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
11.18%
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
Similar Homes in the area
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 |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $510,000 | American Title Service Agenc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $375,000 | Security Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $266,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $899,000 | +76.3% | -- |
| 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
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
-
Joseph Maggiore
Seller's Agent in 2025
Joseph Maggiore
Desert Dimensions Properties
(480) 270-5355
64 Total Sales
-
J
Seller's Agent in 2019
Joanna Crane
Sterling Fine Properties
-
B
Buyer's Agent in 2019
Beth Mickley
eXp Realty
-
Sophia Baron
Seller's Agent in 2017
Sophia Baron
Grace CRE
(480) 375-0227
89 Total Sales
-
Baylee Estrada
B
Seller Co-Listing Agent in 2017
Baylee Estrada
Keller Williams Arizona Realty
(480) 688-8444
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5587345
APN: 124-37-004F
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
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