NOT LISTED FOR SALE

1600 S College Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $553,248 - $804,000

1 Bed
-- Bath
2,690 Sq Ft
$272/Sq Ft Est. Value

Last Sold August 10, 2017

Last sale price $305,000 $113 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $4,318/month

70 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available

About This Home

As of August 2017

Priced to sell! 4 unit multi-family building located in Tempe.

Last Agent to Sell the Property

Roberto Rodriguez

DPR Realty LLC License #BR100170000 Listed on: 05/10/2017

Co-Listed By

Joshua Rodriguez, PLLC

Realty of America LLC License #SA649126000

Last Buyer's Agent

Andrew Engel

Invitation Homes License #SA583439000

Invitation Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1956

Lot Details

  • 9,801

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 133-16-001

Community Details

Overview

  • 4 Units
  • Building Dimensions are 119ft x 86ft
  • University Estates Subdivision

Building Details

  • Operating Expense $13,065
  • Gross Income $27,446
  • Net Operating Income $17,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: E Broadway Rd & S Mill Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2016
  • Directions: East to College Ave., North to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1991.0
  • Co List Office Mls Id: dvpt04
  • Co List Office Phone: 480-994-0800
  • Subdivision Name: UNIVERSITY ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1934.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 119ft x 86ft
  • Additional Parcels: No
  • Parcel #: 133-16-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 1636.0
  • Annual Gross Income: 27445.5
  • Insurance Expense: 638.0
  • Property Net Operating Income: 17923.0
  • Annual Operating Expense: 13065.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2098.0
  • Tax Book Number: 133.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2017
Closed on
Aug 4, 2017
Sold by
Dang Joseph Cuong and Dang Kathleen Kim
Bought by
Midpoint Holdings Llc
Seller's Agent
Roberto Rodriguez
DPR Realty LLC
Buyer's Agent
Andrew Engel
Invitation Homes
List Price
$248,000
Sold Price
$305,000
Premium/Discount to List
$57,000
22.98%
Total Days on Market
70
Current Estimated Value
$732,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,812
Avg. Annual Appreciation
11.86%

Purchase Details

Closed on
Feb 5, 2003
Sold by
Doan Mat Thi and Dang Mat Thi
Bought by
Dang Joseph Cuong and Dang Kathleen Kim
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Midpoint Holdings Llc $305,000 Security Title Agency Inc
Dang Joseph Cuong -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midpoint Holdings Llc $460,000
Closed Midpoint Holdings Llc $228,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2017 08/10/17 Sold $305,000 -12.9% $113 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
05/25/2017 05/25/17 Price Changed $350,000 +41.1% $130 / Sq Ft
05/10/2017 05/10/17 For Sale $248,000 -- $92 / 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 $2,460 $21,965 -- --
2024 $2,431 $20,919 -- --
2023 $2,431 $70,670 $14,130 $56,540
2022 $2,332 $56,220 $11,240 $44,980
2021 $2,348 $47,260 $9,450 $37,810
2020 $2,277 $41,160 $8,230 $32,930
2019 $2,233 $33,370 $6,670 $26,700
2018 $2,178 $27,400 $5,480 $21,920
2017 $2,113 $23,700 $4,740 $18,960
2016 $2,098 $22,310 $4,460 $17,850
2015 $2,015 $22,260 $4,450 $17,810
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Roberto Rodriguez

    DPR Realty

  • Joshua Rodriguez, PLLC

    Seller Co-Listing Agent in 2017

    Joshua Rodriguez, PLLC

    Realty of America LLC

    (602) 703-6675

    4 Total Sales

    Joshua Rodriguez, PLLC
    Section Image
  • Andrew Engel

    Buyer's Agent in 2017

    Andrew Engel

    Invitation Homes

    (480) 299-3838

    25 Total Sales

    Andrew Engel
    Section Image

  • J

    Buyer Co-Listing Agent in 2017

    Joshua Rodriguez

    West USA Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5606082

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-16-001

Arizona Maricopa County Tempe 85281 Downtown Tempe

1600 S College Ave, Tempe, AZ

This home is located at 1600 S College Ave, Tempe, AZ 85281 since 10 May 2017 and is currently estimated at $732,812, approximately $272 per square foot. This property was built in 1956. 1600 S College Ave is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly 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

Nearby Homes