NOT LISTED FOR SALE

1493 S Rita Ln Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $201,000 - $222,000

1 Bed
1 Bath
600 Sq Ft
$352/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $220,000 $367 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,370/month

21 Days on Market

Highlights

  • Property is near public transit and bus stop
  • Private Yard
  • Mini Split Air Conditioners
  • Vaulted Ceiling
  • Double Pane Windows
  • Patio

About This Home

As of March 2024

***QUALIFIED BUYERS MAY RECEIVE UP TO AN ADDITIONAL $64,000 IN DOWN-PAYMENT ASSISTANCE*** incredible home and opportunity is only available to first-time home-buyers (have not owned a home in the last 3 years or ever) who meet income criteria based on household size (less than) 1- $52,400 2 -$59,850 3 - $67,350 4 -$74,800 5 - $80,800 6 - $86,800 7 - $92,800 8 - $98,750

Last Agent to Sell the Property

Jonathan Miller

AZ Brokerage Holdings, LLC License #SA578898000 Listed on: 01/10/2024

Last Buyer's Agent

Alyoun Bayo

West USA Realty License #SA679840000

West USA Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,151

Year Built

  • Built in 2021

Lot Details

  • 1,047 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Private Yard
  • Land Lease

HOA Fees

  • $170 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Low Emissivity Windows
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • ENERGY STAR Qualified Appliances
  • Laminate Countertops

Flooring

  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Mechanical Fresh Air
  • Patio
  • Property is near public transit and bus stop

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 7
  • Assessor Parcel Number 133-09-837

Community Details

Overview

  • Association fees include insurance, sewer, ground maintenance, front yard maint, trash, water
  • Newtown Cdc Association, Phone Number (480) 517-1589
  • Built by 180 Degrees
  • Tempe Micro Estates Subdivision

Amenities

  • Recreation Room
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,151

Year Built

Built in 2021

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Cross Street: Rural Rd and Apache Blvd
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Leasehold
  • HOA #2: N
  • Association Fees Land Lease Fee: Y
  • Land Lease Paid Frequency: Monthly
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 170.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2021
  • Tax Year: 2023
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: TEMPE MICRO ESTATES
  • Efficiency: Fresh Air Mechanical
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 366.67
  • Association Fees:HOA Fee2: 170.0
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Concrete
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Vaulted Ceiling(s), 3/4 Bath Master Bdrm, Laminate Counters
  • Living Area: 600.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Laundry: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Desert Front
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Home Warranty: Yes
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Mini Split
  • Heating: Mini Split
  • Laundry Features: Engy Star (See Rmks), Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Mini Split2: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Community Laundry
  • Association Fee: 170.0
  • 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 DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Tempe Micro Estates
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 170.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Newtown CDC
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Insurance, Sewer, Maintenance Grounds, Front Yard Maint, Trash, Water

Schools

  • Elementary School: Joseph P. Spracale Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Land Lease: Yes
  • Lot Size Sq Ft: 1047.0
  • Parcel #: 133-09-837

Building Info

  • Builder Name: 180 Degrees

Tax Info

  • Tax Annual Amount: 1151.0
  • Tax Book Number: 133.00
  • Tax Lot: 7
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Mar 6, 2024
Sold by
Newtown Community Dev Corp
Bought by
Baxter Cody
Seller's Agent
Jonathan Miller
AZ Brokerage Holdings, LLC
Buyer's Agent
Alyoun Bayo
West USA Realty
List Price
$220,000
Sold Price
$220,000
Views
181
Current Estimated Value
$210,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,134
Avg. Annual Appreciation
-2.19%
Original Mortgage
$154,750
Outstanding Balance
$152,205
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$58,742

Purchase Details

Listed on
Nov 19, 2023
Closed on
Jan 3, 2024
Sold by
Roderer Patrik and Roderer Laurana
Bought by
Newtown Community Dev Corp
Seller's Agent
Jonathan Miller
AZ Brokerage Holdings, LLC
Buyer's Agent
Jonathan Miller
Fathom Realty Elite
List Price
$184,300
Sold Price
$184,300
Views
181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
183.36%

Purchase Details

Closed on
Jun 25, 2021
Sold by
Newtown Community Development Corp
Bought by
Roderer Patrik and Roderer Laurana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2020
Sold by
City Of Tempe Arizona
Bought by
Newtown Community Development Corp
Source: Public Records
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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
Baxter Cody $220,000 First American Title Insurance
Newtown Community Dev Corp $184,300 First American Title Insurance
Roderer Patrik $170,000 First American Title Ins Co
Newtown Community Development Corp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baxter Cody $154,750
Closed Baxter Cody $35,000
Previous Owner Roderer Patrik $148,000
Closed Newtown Community Development Corp $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2024 03/06/24 Sold $220,000 0.0% $367 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $220,000 0.0% $367 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/12/2024 01/12/24 Price Changed $220,000 -4.3% $367 / Sq Ft
01/10/2024 01/10/24 For Sale $230,000 +35.3% $383 / Sq Ft
12/17/2021 12/17/21 Sold $170,000 -19.0% $283 / Sq Ft View Prior Sale
05/28/2021 05/28/21 Pending -- -- --
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 $1,254 $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

  • J

    Seller's Agent in 2024

    Jonathan Miller

    Realty Executives

  • A

    Buyer's Agent in 2024

    Alyoun Bayo

    West USA Realty

    (602) 942-4200

    1 in this area

    14 Total Sales

    Alyoun Bayo
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6648221

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-837

Arizona Maricopa County Tempe 85281 Downtown Tempe

1493 S Rita Ln, Tempe, AZ

Not Listed for Sale

Detached

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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