1424 S Stanley Place Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $19,081/month
Highlights
- Heated Community Pool
- Community Barbecue Grill
- Window Unit Heating System
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
About This Home
This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,425,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $775,000/4 or $1,550,000. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,175,000. Close to a 7 CAP historical income performance.
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 04/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,542
Year Built
- Built in 1960
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
- Paved Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Heating System
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 133-09-064
Community Details
Overview
- 5 Buildings
- 15 Units
- Building Dimensions are 32,500
- Stanley Plat Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Heated Community Pool
Building Details
- Operating Expense $30,690
- Gross Income $266,750
- Net Operating Income $228,950
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,542 | $13,764 | -- | -- |
| 2024 | $1,523 | $13,109 | -- | -- |
| 2023 | $1,523 | $45,700 | $9,140 | $36,560 |
| 2022 | $1,461 | $35,370 | $7,070 | $28,300 |
| 2021 | $1,471 | $29,120 | $5,820 | $23,300 |
| 2020 | $1,427 | $25,610 | $5,120 | $20,490 |
| 2019 | $1,400 | $21,600 | $4,320 | $17,280 |
| 2018 | $1,365 | $17,730 | $3,540 | $14,190 |
| 2017 | $1,324 | $14,860 | $2,970 | $11,890 |
| 2016 | $1,315 | $13,970 | $2,790 | $11,180 |
| 2015 | $1,263 | $14,120 | $2,820 | $11,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Price Changed | $3,425,000 | +341.9% | -- |
| 05/21/2025 05/21/25 | Price Changed | $775,000 | -3.1% | -- |
| 04/11/2025 04/11/25 | For Sale | $800,000 | -77.1% | -- |
| 04/11/2025 04/11/25 | For Sale | $3,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $125,000 | Chicago Title | |
| Warranty Deed | $282,500 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Stewart Title & Trust | |
| Warranty Deed | $122,500 | Stewart Title & Trust | |
| Warranty Deed | $73,750 | Transnation Title Ins Co | |
| Quit Claim Deed | -- | Transnation Title Ins Co | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Previous Owner | $231,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $66,000 | Stand Alone Second | |
| Previous Owner | $577,500 | Purchase Money Mortgage | |
| Previous Owner | $111,800 | Purchase Money Mortgage | |
| Previous Owner | $91,875 | New Conventional | |
| Previous Owner | $55,313 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6851166
APN: 133-09-064
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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