NOT LISTED FOR SALE

1418 S Stanley Place Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $663,866 - $952,000

-- Bed
-- Bath
2,400 Sq Ft
$336/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $367,000 $153 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $4,733/month

53 Days on Market

About This Home

As of December 2017

Walk to ASU & Light Rail. Directly in the path of major redevelopment. Excellent rental area. 4plex with large 1 bedroom units. Back unit has private yard. Separate electric with new HVAC's in 2017. Two units have had recent upgrades. Rents are below market. Low-maintenance tile flooring. R-4 zoning. No showings until accepted offer. No sign on property. Please do not disturb tenants. Rents are actual, expenses estimated. Buyer to complete and rely on own due diligence efforts.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 09/27/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lora Mwaniki-Lyman

Keller Williams Realty East Valley License #SA671269000

Keller Williams Realty East Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,135

Year Built

  • Built in 1973

Lot Details

  • 7,492

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 133-09-058

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7500
  • Stanley Plat Subdivision

Building Details

  • Operating Expense $9,916
  • Gross Income $31,806
  • Net Operating Income $23,341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,135

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Rural/University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2016
  • Directions: From Rural/University, head south to Apache. Apache connects with Stanley. South to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: STANLEY PLAT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • 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:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 7500
  • Additional Parcels: No
  • Parcel #: 133-09-058

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 31806.0
  • Property Net Operating Income: 23341.0
  • Annual Operating Expense: 9916.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2135.0
  • Tax Book Number: 133.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Joshi Natalie A and Joshi Paresh
Bought by
1418 Stanley Place Llc
Total Days on Market
53
Current Estimated Value
$805,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$241,486
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$564,481

Purchase Details

Closed on
Dec 13, 2018
Sold by
Joshi Paresh and Joshi Natalie A
Bought by
1418 Stanley Place Llc

Purchase Details

Listed on
Sep 27, 2017
Closed on
Dec 8, 2017
Sold by
Webb Phillip and Webb Gail
Bought by
Joshi Paresh and Joshi Natalie A
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lora Mwaniki-Lyman
Keller Williams Realty East Valley
List Price
$425,000
Sold Price
$367,000
Premium/Discount to List
-$58,000
-13.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$275,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2008
Sold by
Deshay David
Bought by
Webb Phillip and Webb Gail

Purchase Details

Closed on
Jul 11, 2008
Sold by
Slavin Marc L and Slavin Scott
Bought by
Glenview Profit Sharing Plan

Purchase Details

Closed on
May 11, 2007
Sold by
Slavin Marc L and Slavin Scott
Bought by
The Stanley Property Equity Holding Land and Vonglen Baron

Purchase Details

Closed on
Jan 5, 2007
Sold by
Gorgolinski Mike
Bought by
Slavin Scott and Slavin Marc L

Purchase Details

Closed on
Dec 27, 2006
Sold by
Slavin Jennifer
Bought by
Slavin Scott

Purchase Details

Closed on
Nov 27, 2006
Sold by
Slavin Margo E
Bought by
Slavin Marc

Purchase Details

Closed on
Jun 23, 2006
Sold by
Landeen Jason
Bought by
Gorgolinski Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2006
Sold by
Peebles Pliagas Linda L and Pliagas Nikolaos K
Bought by
Gorgolinski Mike and Landeen Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,711
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 3, 2005
Sold by
Ondeck Michael and Ondeck Susan
Bought by
Pliagas Nikolaos K and Peebles Pliagas Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2004
Sold by
Weinbrenner Eric
Bought by
Ondeck Michael and Ondeck Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,700
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2000
Sold by
Kelly Kenneth
Bought by
Weinbrenner Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 1999
Sold by
Williamson Ted J and Williamson Rita Rose
Bought by
Kelly Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 14, 1996
Sold by
Macdonald William
Bought by
Williamson Ted J and Williamson Rita Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,670
Interest Rate
6.99%
Mortgage Type
Trade
Source: Public Records

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
1418 Stanley Place Llc -- Accommodation
Joshi Natalie A -- Accommodation
1418 Stanley Place Llc -- None Available
Joshi Paresh $367,000 Pioneer Title Agency Inc
Webb Phillip $275,000 First Arizona Title Agency
Glenview Profit Sharing Plan $225,000 First American Title
The Stanley Property Equity Holding Land -- None Available
Slavin Scott $365,000 Capital Title Agency Inc
Slavin Scott -- Capital Title Agency Inc
Slavin Marc -- Capital Title Agency Inc
Gorgolinski Mike -- Great American Title Agency
Gorgolinski Mike $346,000 Chicago Title Insurance Co
Pliagas Nikolaos K $225,500 First American Title Ins Co
Ondeck Michael $185,000 Camelback Title Agency Llc
Weinbrenner Eric $140,000 Century Title Agency
Kelly Kenneth $100,000 Transnation Title Ins Co
Williamson Ted J $70,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1418 Stanley Place Llc $265,000
Previous Owner Joshi Paresh $275,250
Previous Owner Gorgolinski Mike $292,500
Previous Owner Gorgolinski Mike $58,500
Previous Owner Landeen Jason $71,711
Previous Owner Gorgolinski Mike $276,000
Previous Owner Pliagas Nikolaos K $157,500
Previous Owner Ondeck Michael $127,700
Previous Owner Weinbrenner Eric $112,000
Previous Owner Kelly Kenneth $90,000
Previous Owner Williamson Ted J $35,670
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $367,000 -7.1% $153 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
11/03/2017 11/03/17 Price Changed $395,000 -2.5% $165 / Sq Ft
10/12/2017 10/12/17 Price Changed $405,000 -4.7% $169 / Sq Ft
09/15/2017 09/15/17 For Sale $425,000 -- $177 / 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 $2,504 $22,354 -- --
2024 $2,474 $21,290 -- --
2023 $2,474 $64,460 $12,890 $51,570
2022 $2,373 $51,200 $10,240 $40,960
2021 $2,389 $42,700 $8,540 $34,160
2020 $2,317 $37,770 $7,550 $30,220
2019 $2,273 $30,970 $6,190 $24,780
2018 $2,217 $25,530 $5,100 $20,430
2017 $2,151 $22,200 $4,440 $17,760
2016 $2,135 $20,870 $4,170 $16,700
2015 $2,051 $20,730 $4,140 $16,590
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    52 Total Sales

    James Stephens
    Section Image
  • Lora Mwaniki-Lyman

    Buyer's Agent in 2017

    Lora Mwaniki-Lyman

    Keller Williams Realty East Valley

    (520) 780-9070

    26 Total Sales

    Lora Mwaniki-Lyman
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5665617

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-058

Arizona Maricopa County Tempe 85281 Downtown Tempe

1418 S Stanley Place, Tempe, AZ

This home is located at 1418 S Stanley Place, Tempe, AZ 85281 since 27 September 2017 and is currently estimated at $805,967, approximately $335 per square foot. This property was built in 1973. 1418 S Stanley Place 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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