NOT LISTED FOR SALE

1405 S Newberry Ln Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $770,434 - $905,000

-- Bed
-- Bath
2,040 Sq Ft
$404/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $495,000 $243 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,809/month

About This Home

As of December 2019

AMAZING INVESTMENT OPPORTUNITY! Fourplex w/ 1 bed/1 bath units all w/ their own stacked washer/dryer. All units were GUTTED & REMODELED inside & out. New foam roof installed in 2015 (still under warranty). Each unit has it's own outdoor storage area as well, which is a huge plus. Located in PERFECT TEMPE LOCATION for ASU students! You will have no issues keeping these units occupied all year round.

Last Agent to Sell the Property

Rachael Richards

RHouse Realty Brokerage Phone: 480-270-5782 License #SA556276000 Listed on: 11/27/2019

Last Buyer's Agent

Deanna Peters

Realty ONE Group License #SA625302000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,941

Year Built

  • Built in 1964

Lot Details

  • 6,055

Home Design

  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 36
  • Assessor Parcel Number 133-09-036-D

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6035
  • Jen Tilly Terrace Subdivision

Building Details

  • Operating Expense $6,351
  • Gross Income $28,200
  • Net Operating Income $6,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,941

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Rural & Spence
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Resd
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2019
  • Directions: East on Spence. Half mile to Newberry Ln. Property is Second Bldg from the corner.
  • Attribution Contact: 480-270-5782
  • Road Surface Type: Asphalt
  • Subdivision Name: JEN TILLY TERRACE
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 1345.0

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 6035
  • Additional Parcels: No
  • Parcel #: 133-09-036-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 28200.0
  • Insurance Expense: 1062.0
  • Maintenance Expense: 1918.0
  • Property Net Operating Income: 6427.0
  • Annual Operating Expense: 6351.0

Tax Info

  • Tax Annual Amount: 1941.0
  • Tax Book Number: 133.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2019
Closed on
Dec 11, 2019
Sold by
Newberry Fourplex Llc
Bought by
Nguyen Christine H
Seller's Agent
Rachael Richards
RHouse Realty
Buyer's Agent
Deanna Peters
Realty ONE Group
List Price
$495,000
Sold Price
$495,000
Total Days on Market
0
Current Estimated Value
$824,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,859
Avg. Annual Appreciation
9.82%
Original Mortgage
$396,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2012
Sold by
Yee Steven W and Yee Nancy L
Bought by
Newberry Fourplex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,547
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2012
Sold by
Newberry Fourplex Llc
Bought by
Yee Steven and Yee Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,547
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2008
Sold by
Yee Steven W and Yee Nancy L
Bought by
Newberry Fourplex Llc

Purchase Details

Closed on
Sep 13, 2008
Sold by
Yee Steven W and Yee Nancy L
Bought by
Newberry Fourplex Llc

Purchase Details

Closed on
Apr 28, 2008
Sold by
Risoli Angie
Bought by
Risoli Ralph

Purchase Details

Closed on
Feb 20, 2008
Sold by
Gilbertson Glen K and Risoli Ralph A
Bought by
Yee Steven W and Lee Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,800
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2002
Sold by
Gilbertson Glen K
Bought by
Risoli Ralph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,727
Interest Rate
6.94%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2002
Sold by
Risoli Ralph A and Raganit Risoli Angie
Bought by
Gilbertson Glen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,727
Interest Rate
6.94%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 1999
Sold by
Kittleson Donald and Kittleson Kathy
Bought by
Risoli Ralph A and Raganit Risoli Angie
Source: Public Records

Range of Values:

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Average Value
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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
Nguyen Christine H $495,000 Magnus Title Agency
Newberry Fourplex Llc -- Accommodation
Yee Steven -- None Available
Newberry Fourplex Llc -- None Available
Newberry Fourplex Llc -- None Available
Risoli Ralph -- Transnation Title Ins Co
Yee Steven W $329,800 Transnation Title Ins Co
Risoli Ralph A $160,000 None Available
Gilbertson Glen K $165,000 United Title Agency
Risoli Ralph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Christine U $399,800
Closed Nguyen Christine H $396,000
Previous Owner Yee Steven $218,547
Previous Owner Yee Steven W $229,800
Previous Owner Gilbertson Glen K $150,727
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $495,000 0.0% $243 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
11/27/2019 11/27/19 For Sale $495,000 -- $243 / 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 $2,139 $19,091 -- --
2024 $2,113 $18,182 -- --
2023 $2,113 $56,060 $11,210 $44,850
2022 $2,027 $44,710 $8,940 $35,770
2021 $2,041 $37,280 $7,450 $29,830
2020 $1,979 $32,680 $6,530 $26,150
2019 $1,941 $26,780 $5,350 $21,430
2018 $1,893 $22,080 $4,410 $17,670
2017 $1,837 $19,260 $3,850 $15,410
2016 $1,824 $17,860 $3,570 $14,290
2015 $1,752 $17,810 $3,560 $14,250
Source: Public Records

Agents Affiliated with this Home

  • Rachael Richards

    Seller's Agent in 2019

    Rachael Richards

    RHouse Realty

    (480) 460-2300

    320 Total Sales

    Rachael Richards
    Section Image
  • Deanna Peters

    Buyer's Agent in 2019

    Deanna Peters

    Realty One Group

    (480) 369-8847

    21 Total Sales

    Deanna Peters
    Section Image

  • U

    Buyer's Agent in 2019

    Unknown Agent

    Sonoran Mountain Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6009397

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-036D

Arizona Maricopa County Tempe 85281 Downtown Tempe

1405 S Newberry Ln, Tempe, AZ

This home is located at 1405 S Newberry Ln, Tempe, AZ 85281 since 27 November 2019 and is currently estimated at $824,859, approximately $404 per square foot. This property was built in 1964. 1405 S Newberry Ln is a home located in Maricopa County with nearby schools including Curry Elementary School, Connolly Middle School, and McClintock 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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