NOT LISTED FOR SALE

1705 E 12th St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $567,148 - $677,000

4 Beds
-- Bath
1,530 Sq Ft
$393/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $480,000 $314 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,462/month

8 Days on Market

Highlights

  • Multiple cooling system units
  • 3-minute walk to Mcclintock Dr/Apache Blvd
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

As of November 2021

Rare opportunity! Duplex Income Property in the Apache Light Rail Corridor flush with new development. Two blocks from expanding Valley Metro light rail system. Historic Borden Homes neighborhood. Close to ASU Main Campus, Tempe Marketplace, Mill Avenue District, Town Lake, Loops 101/202, etc. Each 2 BED 1 BATH unit is updated with modern finishes and tile flooring, dual pane windows, new HVAC in unit B, private patios. See attached list of purchases and dates. Units were previous furnished vacation rentals for 7 yrs. Interior shots are from the most recent vacant lease listing. Low property tax. No HOA. Property management in place. Drive by only. Do not disturb occupants. Viewing only after contract acceptance. FULLY occupied at $1200 per unit. Buyer to verify Facts and Figures. Act now! Zoning R1-6 but originally developed as a DUPLEX, permitted for LEGAL NON-CONFORMING USE.

Last Listed By

Christine Hartman

HomeSmart Brokerage Phone: 4804031254 License #BR553342000 Listed on: 09/12/2021

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1971

Lot Details

  • 7,187

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Cecil Shamley Elementary School
  • Mckemy Middle School
  • Mcclintock High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 71
  • Assessor Parcel Number 132-61-071

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60x120
  • Borden Homes Subdivision

Building Details

  • Operating Expense $4,258
  • Gross Income $28,800
  • Net Operating Income $24,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,237

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: McClintock & Apache
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2021
  • Directions: Go west on Apache. Turn north on Una-Butte. At the fork, turn east on Butte then east on 12th St. Property is the westend unit on the south side. Drive by only Thank you ☺
  • Attribution Contact: 4804031254
  • Road Surface Type: Asphalt
  • Subdivision Name: BORDEN HOMES
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric, Heat Pump, 2 or More Units
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:TV Antenna: Yes
  • Interior Amenities:Drapes2: Yes

Fee Information

  • Annual Water Sewer Expense: 1416.0

Schools

  • Elementary School: Cecil Shamley School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: 60x120
  • Additional Parcels: No
  • Parcel #: 132-61-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 28800.0
  • Insurance Expense: 598.0
  • Maintenance Expense: 1007.0
  • Property Net Operating Income: 24579.0
  • Annual Operating Expense: 4258.0

Tax Info

  • Tax Annual Amount: 1237.0
  • Tax Book Number: 132.00
  • Tax Lot: 71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2021
Closed on
Oct 20, 2021
Sold by
1705 E 12Th Llc
Bought by
Silva John L and Silva Alice M
Seller's Agent
Christine Hartman
HomeSmart
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Total Days on Market
8
Current Estimated Value
$602,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,037
Avg. Annual Appreciation
6.69%
Original Mortgage
$506,250
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2020
Sold by
Graves Gail Diane
Bought by
1705 E 12Th Llc

Purchase Details

Closed on
Jul 24, 2018
Sold by
Martelli Gail Diane
Bought by
Graves Gail Diane

Purchase Details

Closed on
Jun 19, 2018
Sold by
Martelli Gary David and Martelli Gail Diane
Bought by
Martelli Gail Diane

Purchase Details

Closed on
Mar 26, 2013
Sold by
Martelli Gary and Martelli Gail
Bought by
Martelli Gary David and Martelli Gail Diane

Purchase Details

Closed on
Sep 22, 2000
Sold by
Martelli Gail D
Bought by
Martelli Gary and Martelli Gail D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7.98%

Purchase Details

Closed on
Oct 4, 1994
Sold by
Martelli Gary
Bought by
Martelli Gail D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
8.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1994
Sold by
Norwest Financial Alaska Inc
Bought by
Buss Charles L and Martelli Gail D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
8.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 1994
Sold by
Horwitz Ronald M
Bought by
Norwest Financial Alaska Inc

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 Buyer Sale Price Title Company
Silva John L $480,000 Chicago Title Agency Inc
Silva John L $675,000 Chicago Title Agency Inc
1705 E 12Th Llc -- None Available
Graves Gail Diane -- None Available
Martelli Gail Diane -- None Available
Martelli Gary David -- None Available
Martelli Gary -- Lawyers Title Of Arizona Inc
Martelli Gail D -- Lawyers Title Of Arizona Inc
Martelli Gail D -- First American Title
Buss Charles L $58,500 First American Title
Norwest Financial Alaska Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva John L $506,250
Previous Owner Silva John L $360,000
Previous Owner Martelli Gary $69,000
Previous Owner Buss Charles L $46,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $480,000 +1.1% $314 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/12/2021 09/12/21 For Sale $475,000 -- $310 / 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 $1,296 $11,571 -- --
2024 $1,281 $11,020 -- --
2023 $1,281 $44,510 $8,900 $35,610
2022 $1,228 $30,780 $6,150 $24,630
2021 $1,237 $26,820 $5,360 $21,460
2020 $1,199 $23,950 $4,790 $19,160
2019 $1,176 $19,600 $3,920 $15,680
2018 $1,147 $18,710 $3,740 $14,970
2017 $1,113 $15,580 $3,110 $12,470
2016 $1,105 $14,380 $2,870 $11,510
2015 $1,062 $11,980 $2,390 $9,590
Source: Public Records

Agents Affiliated with this Home

  • Christine Hartman

    Seller's Agent in 2021

    Christine Hartman

    HomeSmart

    (480) 403-1254

    1 in this area

    15 Total Sales

    Christine Hartman
    Section Image

  • T

    Buyer's Agent in 2021

    Timothy Redelsperger

    Long Realty Uptown

    (602) 899-4640

    1 in this area

    19 Total Sales

    Timothy Redelsperger
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6293554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-61-071

Arizona Maricopa County Tempe 85281 Downtown Tempe

1705 E 12th St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1705 E 12th St, Tempe, AZ 85281 since 12 September 2021 and is currently estimated at $602,037, approximately $393 per square foot. This property was built in 1971. 1705 E 12th St is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and New School for the Arts & Academics.

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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