$185,000
SOLD DEC 19, 2013

1525 W 7th Place Tempe, AZ 85281

West Tempe Neighborhood
-- Bed
-- Bath
2,640 Sq Ft
436 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

18% Below List Price

145 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of December 2013

HOLY COW!! BRAND NEW ROOF, and extensive remodeling just completed... 100% OCCUPANCY thru Spring 2014. 7% CAP RATE!!! 100% OCCUPANCY thru Spring 2014! Ready for your Investor Buyers!!!..ALMOST 8% CAP RATE!!! Great Triplex in a fabulous location, 1.5 miles to ASU, near Tempe Town Lake, and freeway access.... PLEASE DO NOT DISTURB TENANTS!! Inspection with Accepted Contract Only. Want to Buy 3 more? Check out the units next door...See also MLS# 4953595

Last Agent to Sell the Property

John Sposato

Keller Williams Realty Sonoran Living License #SA100302000 Listed on: 06/17/2013

Keller Williams Realty Sonoran Living

Co-Listed By

Melanie Didier

Realty ONE Group License #SA639157000

Last Buyer's Agent

John Sposato

Keller Williams Realty Sonoran Living License #SA100302000 Listed on: 06/17/2013

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,401

Year Built

  • Built in 1966

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 324 / 1038
  • Assessor Parcel Number 124-72-146-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr
  • Linden Park Subdivision

Building Details

  • Operating Expense $5,385
  • Net Operating Income $14,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,401

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: Priest and University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1966
  • Tax Year: 2012
  • Directions: West on University, north on Albert, west on 7th Place
  • Road Surface Type: Concrete
  • Professional Management Expense: 1414.0
  • Co List Office Mls Id: reex02
  • Co List Office Phone: 480-355-3500
  • Subdivision Name: Linden Park
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • 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

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Lot Info

  • Lot Size: Irr
  • Additional Parcels: Yes
  • Parcel #: 124-72-146-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Insurance Expense: 670.0
  • Property Net Operating Income: 14646.0
  • Annual Operating Expense: 5385.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1401.0
  • Tax Block: 1038
  • Tax Book Number: 124.00
  • Tax Lot: 324

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2017
Sold by
Le Giang Ngoc and Dong Tiffany Tuyen
Bought by
Le Giang Ngoc and Dong Tiffany Tuyen
Total Days on Market
145
Current Estimated Value
$699,803

Purchase Details

Listed on
Jun 17, 2013
Closed on
Dec 16, 2013
Sold by
Czirp5 Llc
Bought by
Dong Tiffany Tuyen and Le Giang Ngoc
Seller's Agent
John Sposato
Keller Williams Realty Sonoran Living
Buyer's Agent
John Sposato
Keller Williams Realty Sonoran Living
List Price
$225,000
Sold Price
$185,000
Premium/Discount to List
-$40,000
-17.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$110,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Zoldos Jozef and Zoldos Kathleen
Bought by
Czirp5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2003
Sold by
Hauger R A and Hauger Joann
Bought by
Zoldos Jozef and Zoldos Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.71%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $185,000 Security Title Agency
Warranty Deed -- --
Joint Tenancy Deed $205,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $110,000 New Conventional
Previous Owner $164,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2014 07/18/14 Rented $695 0.0% --
07/16/2014 07/16/14 Under Contract -- -- --
07/08/2014 07/08/14 For Rent $695 0.0% --
12/19/2013 12/19/13 Sold $185,000 -17.8% $70 / Sq Ft
11/09/2013 11/09/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $225,000 -- $85 / 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 $2,241 $20,002 -- --
2024 $2,214 $19,050 -- --
2023 $2,214 $62,350 $12,470 $49,880
2022 $2,123 $49,960 $9,990 $39,970
2021 $2,138 $42,870 $8,570 $34,300
2020 $2,073 $38,680 $7,730 $30,950
2019 $2,034 $32,170 $6,430 $25,740
2018 $1,983 $26,520 $5,300 $21,220
2017 $1,924 $22,300 $4,460 $17,840
2016 $1,911 $20,850 $4,170 $16,680
2015 $1,835 $20,530 $4,100 $16,430
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Benjamin Schutt

    Tierra Antigua Realty, LLC

  • Jeremy Schutt

    Seller Co-Listing Agent in 2014

    Jeremy Schutt

    Legendary Properties, LLC

    (909) 784-5529

    90 Total Sales

    Jeremy Schutt
    Section Image

  • J

    Buyer's Agent in 2014

    Jenell Kapp

    Realty One Group

    13 Total Sales

    Jenell Kapp
    Section Image
  • John Sposato

    Seller's Agent in 2013

    John Sposato

    Keller Williams Realty Sonoran Living

    (602) 571-3730

    1 in this area

    191 Total Sales

    John Sposato
    Section Image
  • Melanie Didier

    Seller Co-Listing Agent in 2013

    Melanie Didier

    Realty One Group

    (480) 334-4889

    52 Total Sales

    Melanie Didier
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4953627

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-72-146A

Arizona Maricopa County Tempe 85281 West Tempe

1525 W 7th Place, Tempe, AZ

This home is located at 1525 W 7th Place, Tempe, AZ 85281 and is currently priced at $185,000, approximately $70 per square foot. This property was built in 1966. 1525 W 7th Place is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe 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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