NOT LISTED FOR SALE

1416 S Jentilly Ln Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $746,000 - $1,010,000

Studio
-- Bath
2,772 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 12, 2012

Last sale price $440,000 $159 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $4,729/month

13 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of March 2012

75% TENANT OCCUPIED 8-PLEX! Two four-plexes that are on separate parcels for easy residential financing. Must be sold together, bring all offers. The subject property is located on South Jentilly Lane, close to the major Rural Rd. and Apache Blvd. Intersection in Tempe, AZ. Located just 1/2 mile from Arizona State University's campus, the property is a perfect place for students to live and walk to campus. Complex has gated secured parking and on-site laundry facility. Unit amenities include 2010 interior renovations, such as tile floors, new appliances, electric stove tops, cabinetry, countertops, lighting, vanities, window coverings, and walk-in closets. Exterior upgrades for the property consist of new roofs and exterior paint. Income & Expenses are total for both 4-plexes.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 02/03/2012

Co-Listed By

Edgar Rascon Payan

Keller Williams Realty Sonoran Living License #SA568850000

Last Buyer's Agent

Mario Espinoza

Scottsdale Luxury Properties License #BR509316000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,713

Year Built

  • Built in 1985

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces

Schools

  • Mckemy Middle School
  • Tempe Academy Of International Studies Mckemy High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 25
  • Assessor Parcel Number 133-10-038

Community Details

Overview

  • 8 Units
  • Building Dimensions are 7492
  • Jentilly Terrace Lots 19 29 Tr A Subdivision

Building Details

  • Operating Expense $16,142
  • Net Operating Income $38,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,713

Year Built

Built in 1985

Lot Details

7,492 Sq Ft Lot

Listing Details

  • Cross Street: Rural Road & Apace Boulevard
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2011
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2609.0
  • Co List Office Mls Id: trfg01
  • Co List Office Phone: 602-396-2000
  • Subdivision Name: JenTilly Terrace Lots 19-29 Tr A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0

Utilities

  • Electric: APS
  • Cooling: Individual
  • 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

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 200.0
  • Trash Expense: 800.0
  • Annual Water Sewer Expense: 1600.0

Schools

  • High School: Tempe Academy Of International Studies McKemy
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: 7492
  • Additional Parcels: Yes
  • Parcel #: 133-10-038

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1200.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 38079.0
  • Annual Operating Expense: 16142.0
  • Vacancy Allowance Rate: 6672.0

Tax Info

  • Tax Annual Amount: 1713.0
  • Tax Book Number: 133.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Moez Virani
Bought by
Sofar Properties Llc
Current Estimated Value
$873,160

Purchase Details

Closed on
May 7, 2020
Sold by
Virani Vivienne C and Virani Moez
Bought by
Virani Moez

Purchase Details

Closed on
Nov 9, 2012
Sold by
Virani Moez R and Virani Vivienne C
Bought by
Sofar Properties Llc

Purchase Details

Closed on
Oct 12, 2009
Sold by
Security Title Agency Inc
Bought by
Pacello Raymond and Pacello Amy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2008
Sold by
Pacello Raymond and Pacello Amy J
Bought by
Pacello Raymond and Pacello Amy J

Purchase Details

Closed on
Jan 22, 2007
Sold by
Pacello Raymond
Bought by
Pacello Raymond and Pacello Amy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2005
Sold by
Pacello Raymond and Pacello Amy
Bought by
Pacello Raymond and Pacello Amy J

Purchase Details

Closed on
Jul 24, 2004
Sold by
Sessions James and Athenson Sarante
Bought by
Pacello Raymond and Pacello Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
1.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2002
Sold by
Sessions Jessica
Bought by
Sessions James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sofar Properties Llc -- None Available
Virani Moez -- Grand Canyon Title Agency
Sofar Properties Llc -- Accommodation
Virani Moez R -- Accommodation
Pacello Raymond -- Chicago Title
Pacello Raymond -- Security Title Agency
Pacello Raymond -- None Available
Pacello Raymond -- None Available
Pacello Raymond -- None Available
Pacello Raymond -- None Available
Pacello Raymond -- --
Pacello Raymond $322,500 Capital Title Agency Inc
Pacello Raymond $322,500 Capital Title Agency Inc
Sessions James -- Chicago Title Insurance Co
Athenson Sarante -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacello Raymond $71,000
Previous Owner Pacello Raymond $278,000
Previous Owner Pacello Raymond $258,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2012 03/12/12 Sold $440,000 0.0% $159 / Sq Ft
02/16/2012 02/16/12 Pending -- -- --
02/03/2012 02/03/12 For Sale $440,000 -- $159 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,819 $23,521 -- --
2024 $2,603 $22,401 -- --
2023 $2,603 $72,220 $14,440 $57,780
2022 $2,497 $57,020 $11,400 $45,620
2021 $2,514 $47,160 $9,430 $37,730
2020 $2,438 $42,430 $8,480 $33,950
2019 $2,392 $35,120 $7,020 $28,100
2018 $2,332 $29,210 $5,840 $23,370
2017 $2,263 $25,110 $5,020 $20,090
2016 $2,247 $23,860 $4,770 $19,090
2015 $2,158 $22,920 $4,580 $18,340
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2012

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    1 in this area

    108 Total Sales

    Linda Gerchick
    Section Image
  • Edgar Rascon Payan

    Seller Co-Listing Agent in 2012

    Edgar Rascon Payan

    Keller Williams Realty Sonoran Living

    (602) 888-3020

    35 Total Sales

    Edgar Rascon Payan
    Section Image

  • M

    Buyer's Agent in 2012

    Mario Espinoza

    Scottsdale Luxury Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4716022

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-10-038A

Arizona Maricopa County Tempe 85281 Downtown Tempe

1416 S Jentilly Ln, 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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