Seller's Agent in 2017
David Larsen
West USA Realty
(602) 430-5755
1 in this area
106 Total Sales
1556 W 5th St Tempe, AZ 85281
West Tempe NeighborhoodEstimated Value: $722,000 - $945,689
--
Bed
--
Bath
1,564
Sq Ft
$533/Sq Ft
Est. Value
Highlights
- Central Air
- Ceiling Fan
- Heating Available
About This Home
As of December 2017Highly desirable and easy to manage Tempe income property on oversized lot! Two 2 bedroom 1 bath units with long term tenants. One rents for 700/month and the other at $600/month, with potential to increase rents. Low maintenance desert front yard and yards for tenants! Both homes have ceiling fans, blinds and door to the sideyard and each home includes refrigerator, washer and dryer! Very well maintained in a great area near ASU, Tempe Town Lake and Downtown Tempe. Free public transportation too with Tempe's Orbit bus running right down 5th Street! These homes are easy to rent! Looking for nice property to get started with income property, here it is!!!!
Last Agent to Sell the Property
West USA Realty License #SA019951000 Listed on: 10/19/2017
Last Buyer's Agent
April Seyl
Realty ONE Group License #SA640035000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,340
Year Built
- Built in 1965
Lot Details
- 8,668
Home Design
- Built-Up Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Parking
- 4 Parking Spaces
- 2 Covered Spaces
- Common or Shared Parking
Schools
- Holdeman Elementary School
- Geneva Epps Mosley Middle School
- Tempe High School
Utilities
- Central Air
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 16
- Assessor Parcel Number 124-38-020
Community Details
Overview
- 2 Units
- Building Dimensions are 70 x 120
- Ginny Mae Estates 1 Lots 1 16 Subdivision
Building Details
- Operating Expense $6,619
- Gross Income $15,444
- Net Operating Income $8,826
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2017
Closed on
Dec 18, 2017
Sold by
Hirsch Paul W and Harmon Hirsch Michelle R
Bought by
Davidson Garth M and Shabib Sama M
Seller's Agent
David Larsen
West USA Realty
Buyer's Agent
April Seyl
Realty ONE Group
List Price
$235,000
Sold Price
$210,000
Premium/Discount to List
-$25,000
-10.64%
Total Days on Market
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$622,922
Avg. Annual Appreciation
20.32%
Original Mortgage
$168,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 2, 2006
Sold by
Caruso Ronald
Bought by
Hirsch Paul W and Harman Hirsch Michelle R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 1, 1998
Sold by
Wade James A and Wade Norma M
Bought by
Caruso Ronald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,400
Interest Rate
7.06%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Davidson Garth M | $210,000 | Premier Title Agency | |
| Hirsch Paul W | $220,000 | Title Guaranty Agency | |
| Caruso Ronald | $106,000 | Capital Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davidson Garth M | $488,500 | |
| Closed | Davidson Garth M | $169,000 | |
| Closed | Davidson Garth M | $425,000 | |
| Closed | Davidson Garth M | $168,000 | |
| Previous Owner | Hirsch Paul W | $161,381 | |
| Previous Owner | Hirsch Paul W | $176,000 | |
| Previous Owner | Caruso Ronald | $95,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2017 12/28/17 | Sold | $210,000 | -8.7% | $134 / Sq Ft |
| 11/20/2017 11/20/17 | Pending | -- | -- | -- |
| 11/14/2017 11/14/17 | Price Changed | $229,900 | -2.2% | $147 / Sq Ft |
| 10/19/2017 10/19/17 | For Sale | $235,000 | -- | $150 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $4,384 | $44,492 | -- | -- |
| 2024 | $4,324 | $42,374 | -- | -- |
| 2023 | $4,324 | $80,280 | $16,050 | $64,230 |
| 2022 | $4,123 | $62,420 | $12,480 | $49,940 |
| 2021 | $4,156 | $52,630 | $10,520 | $42,110 |
| 2020 | $4,011 | $49,100 | $9,820 | $39,280 |
| 2019 | $1,418 | $22,970 | $4,590 | $18,380 |
| 2018 | $1,382 | $17,270 | $3,450 | $13,820 |
| 2017 | $1,340 | $15,830 | $3,160 | $12,670 |
| 2016 | $1,332 | $14,660 | $2,930 | $11,730 |
| 2015 | $1,283 | $14,280 | $2,850 | $11,430 |
Source: Public Records
Agents Affiliated with this Home
-
David Larsen
-
A
Buyer's Agent in 2017
April Seyl
Realty One Group
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5676259
APN: 124-38-020
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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