NOT LISTED FOR SALE

141 W 9th St Tempe, AZ 85281

Maple Ash Neighborhood

Estimated Value: $816,000 - $1,416,000

-- Bed
2 Baths
1,270 Sq Ft
$877/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $1,420,000 $1,118 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $6,277/month

94 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available

About This Home

As of November 2022

Location, location Location! This prime property is walking distance to ASU, Gammage & downtown Tempe! Excellent value add opportunity or redevelopment opportunity as you can't beat this popular location! OR live in the large main home & then have the rent from the other 3 units help pay your mortgage! This classic property, which may be eligible to be on the city's historic property registry, consists of 4 units total with 2 separate buildings: One 3 bed 2 bath home with 2 car garage with a 1 bed 1 bath unit above the garage, plus a 2 bed 2 bath home with a studio unit on the back side. The adjacent property lot at 905 S Ash Ave is also available & may be sold together or separately. If purchased together, that would make 7 units total between the two properties!

Last Agent to Sell the Property

Daniel Rosenbaum

Rosenbaum Realty Group License #BR636314000 Listed on: 06/27/2022

Last Buyer's Agent

Kelly Hundelt

Realty Executives Arizona Territory License #SA031695000

Realty Executives Arizona Territory

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,238

Year Built

  • Built in 1921

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Wood
  • Carpet

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • On-Street Parking

Schools

  • Tavan Elementary School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 29
  • Assessor Parcel Number 132-42-055-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 128 X 99
  • Gage Add 22, 27 Subdivision

Building Details

  • Operating Expense $30,330
  • Gross Income $68,161
  • Net Operating Income $37,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,238

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Cross Street: Mill and University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1921
  • Tax Year: 2021
  • Road Surface Type: Gravel
  • Professional Management Expense: 5432.32
  • Subdivision Name: GAGE ADD 22, 27
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: On Street
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1244.0
  • Annual Water Sewer Expense: 2950.0

Schools

  • Elementary School: Tavan Elementary School
  • High School: Tempe High School

Lot Info

  • Lot Size: 128 X 99
  • Additional Parcels: No
  • Parcel #: 132-42-055-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 5086.0
  • Annual Gross Income: 68160.6
  • Insurance Expense: 3200.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 37830.28
  • Annual Operating Expense: 30330.32
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4238.0
  • Tax Block: 29
  • Tax Book Number: 132.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Nov 15, 2022
Sold by
Bcjjmt141 Llc
Bought by
Arendsen Family Trust
Seller's Agent
Daniel Rosenbaum
Rosenbaum Realty Group
Buyer's Agent
Kelly Hundelt
Realty Executives Arizona Territory
List Price
$1,500,000
Sold Price
$1,420,000
Premium/Discount to List
-$80,000
-5.33%
Views
45
Current Estimated Value
$1,113,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$306,756
Avg. Annual Appreciation
-7.53%
Original Mortgage
$1,270,000
Outstanding Balance
$1,230,402
Interest Rate
6.92%
Mortgage Type
Seller Take Back
Estimated Equity
-$117,158

Purchase Details

Closed on
May 14, 2003
Sold by
Erickson Robert W and Erickson Celia M
Bought by
Bcjjmt141 Llc

Purchase Details

Closed on
Apr 10, 2002
Sold by
Erickson Robert W
Bought by
Erickson Robert W and Erickson Celia M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arendsen Family Trust $1,420,000 Grand Canyon Title
Bcjjmt141 Llc -- --
Erickson Robert W -- --
Erickson Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arendsen Family Trust $1,270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2022 11/15/22 Sold $1,420,000 -2.1% $1,118 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $1,450,000 -3.3% $1,142 / Sq Ft
06/23/2022 06/23/22 For Sale $1,500,000 -- $1,181 / 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 $5,121 $42,728 -- --
2024 $4,729 $40,693 -- --
2023 $4,729 $68,850 $13,770 $55,080
2022 $4,182 $54,370 $10,870 $43,500
2021 $4,238 $46,550 $9,310 $37,240
2020 $4,104 $43,080 $8,610 $34,470
2019 $4,025 $34,230 $6,840 $27,390
2018 $3,921 $32,930 $6,580 $26,350
2017 $3,801 $28,920 $5,780 $23,140
2016 $3,798 $30,530 $6,100 $24,430
2015 $3,662 $30,470 $6,090 $24,380
Source: Public Records

Agents Affiliated with this Home

  • Daniel Rosenbaum

    Seller's Agent in 2022

    Daniel Rosenbaum

    Rosenbaum Realty Group

    (480) 588-1333

    1 in this area

    29 Total Sales

    Daniel Rosenbaum
    Section Image
  • Kelly Hundelt

    Buyer's Agent in 2022

    Kelly Hundelt

    Realty Executives

    (602) 430-3564

    1 in this area

    28 Total Sales

    Kelly Hundelt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6423390

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-42-055A

Arizona Maricopa County Tempe 85281 Maple Ash

141 W 9th St, Tempe, AZ

Not Listed for Sale

MultiFamily

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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