NOT LISTED FOR SALE

1480 S Rita Ln Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $197,000 - $224,000

1 Bed
1 Bath
600 Sq Ft
$357/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $210,000 $350 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,311/month

372 Days on Market

Highlights

  • Clubhouse
  • Vaulted Ceiling
  • Patio
  • Property is near public transit
  • Double Pane Windows
  • Remodeled Bathroom

About This Home

As of January 2022

Incredibly unique opportunity to purchase a home in this centrally located community that is easy to walk, bike or take transit to every-day necessities. There will be a 900sqft common room, indoor and outdoor gathering spaces and laundry facilities with grey-water feature that feeds landscaping. Community utilizes rainwater harvesting with low impact design to ''plant the rain'' Innovative landscaping; all onsite vegetation is edible or native flora to support a low carbon lifestyle. The homes are ENERGY STAR certified , modern design, have vaulted ceilings, shower + bathtub, built-in microwave, lofted bedroom, efficient ductless heating and air conditioning, solar roof ready. Income eligible Buyer's may be eligible for discounted purchase price and up to $22,000 in down-payment assistanc

Last Agent to Sell the Property

Jonathan Miller

Realty Executives License #SA578898000 Listed on: 06/23/2020

Realty Executives

Last Buyer's Agent

Jonathan Miller

Realty Executives License #SA578898000 Listed on: 06/23/2020

Realty Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 2021

Lot Details

  • 1,046 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Land Lease

Parking

  • Unassigned Parking

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Built-In Microwave
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • Remodeled Bathroom
  • 1 Bathroom

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Joseph P. Spracale Elementary School
  • Mckemy Middle School
  • Mcclintock High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 133-09-834

Community Details

Overview

  • Property has a Home Owners Association
  • Tempe Micro Estates Association, Phone Number (480) 517-1589
  • Built by 180 Degrees Design+Build
  • Tempe Micro Estates Subdivision

Amenities

  • Clubhouse
  • Recreation Room

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,080

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Cross Street: Rural Rd and Apache Blvd
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: Y
  • Land Lease Paid Frequency: Monthly
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 130.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2020
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2020
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2020
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2020
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2020
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2020
  • Updated Wiring: Full
  • Items Updated Wiring Yr Updated: 2020
  • Separate Den Office Sep Den Office: N
  • Year Built: 2021
  • Tax Year: 2020
  • Directions: South on Rural, East on Spence, South on Rita Ln
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.02
  • Subdivision Name: TEMPE MICRO ESTATES
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 130.0
  • Special Features: NewHome

Interior Features

  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Vaulted Ceiling(s), 3/4 Bath Master Bdrm, High Speed Internet
  • Living Area: 600.0
  • Stories: 2
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Patio
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Unassigned
  • Attached Garage: No
  • Parking Features:Unassigned Parking: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: Inside, Other, See Remarks
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Clubhouse
  • Amenities: Self Managed
  • Association Fee Frequency: Monthly
  • Association Name: Tempe Micro Estates
  • Phone: 480-517-1589
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Tempe Micro Estates
  • Association Fees:HOA Telephone4: 480-517-1589
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Schools

  • Elementary School: Joseph P. Spracale Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Land Lease: Yes
  • Lot Size Sq Ft: 1046.0
  • Parcel #: 133-09-834
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: 180 Degrees Design+Build

Tax Info

  • Tax Annual Amount: 1080.0
  • Tax Book Number: 133.00
  • Tax Lot: 4
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Newtown Community Development Corporatio
Bought by
Velez Daniel and Ippolito Danielle
Total Days on Market
372
Current Estimated Value
$214,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2020
Sold by
City Of Tempe Arizona
Bought by
Newtown Community Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.8%
Mortgage Type
Commercial
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
Velez Daniel $210,000 First American Title
Newtown Community Development Corp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Velez Daniel $10,000
Closed Velez Daniel $10,000
Closed Velez Daniel $10,000
Previous Owner Velez Daniel $186,400
Previous Owner Newtown Community Development Corp $0
Previous Owner Newtown Community Development Corp $0
Closed Newtown Community Development Corp $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $210,000 0.0% $350 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/30/2021 06/30/21 Price Changed $210,000 +23.5% $350 / Sq Ft
08/06/2020 08/06/20 Price Changed $170,000 -19.0% $283 / Sq Ft
06/23/2020 06/23/20 For Sale $210,000 -- $350 / 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 $1,347 $12,030 -- --
2024 $1,151 $11,457 -- --
2023 $1,151 $17,050 $3,410 $13,640
2022 $1,099 $15,510 $3,100 $12,410
2021 $236 $3,180 $3,180 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Miller

    Seller's Agent in 2022

    Jonathan Miller

    Realty Executives

    (480) 296-6683

    15 in this area

    254 Total Sales

    Jonathan Miller
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6094183

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-834

Arizona Maricopa County Tempe 85281 Downtown Tempe

1480 S Rita Ln, Tempe, AZ

This home is located at 1480 S Rita Ln, Tempe, AZ 85281 since 23 June 2020 and is currently estimated at $214,369, approximately $357 per square foot. This property was built in 2021. 1480 S Rita 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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