NOT LISTED FOR SALE

1714 E 12th St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $434,411 - $716,000

-- Bed
3 Baths
1,300 Sq Ft
$449/Sq Ft Est. Value

Last Sold October 22, 2018

Last sale price $260,000 $200 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $3,229/month

236 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 3-minute walk to Mcclintock Dr/Apache Blvd

About This Home

As of October 2018

Situated in a quiet residential neighborhood, this low-maintenance tri-plex is perfect for a ''hands-off'' investor and tenants serious about their studies at Arizona State University (ASU). The tri-plex has one 2 bedroom, 1 bathroom unit with laundry and 2 one bedroom, 1 bathroom unit. Less than a mile from ASU, one mile from Tempe Marketplace (with a movie theater, shops, and entertainment), and a quarter-mile from the closest light rail stop.. This is right in the middle of all of the action! Surrounded by shopping, eateries, and entertainment, your tenants will be so pleased with the location. Close to Scottsdale, downtown, and the airport. A fresh coat of paint and a bike rack could easily increase margins! *Tenant occupied, do not disturb

Last Agent to Sell the Property

Andrew Mungovan

RHP Real Estate License #SA546092000 Listed on: 02/01/2018

Last Buyer's Agent

Ken Ho

JK Realty License #SA664596000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,231

Year Built

  • Built in 1971

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 64
  • Assessor Parcel Number 132-61-064-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 60 x 121
  • Borden Homes Subdivision

Building Details

  • Operating Expense $5,141
  • Gross Income $918
  • Net Operating Income $20,004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,231

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: McClintock and University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2017
  • Directions: S on McClintock DR to 12th St, West to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: BORDEN HOMES
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • 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
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 300.0
  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size: 60 x 121
  • Additional Parcels: Yes
  • Parcel #: 132-61-064-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 918.0
  • Insurance Expense: 1160.0
  • Maintenance Expense: 250.0
  • Property Net Operating Income: 20004.0
  • Annual Operating Expense: 5141.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1231.0
  • Tax Book Number: 132.00
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2018
Closed on
Sep 26, 2018
Sold by
Sanaulla Feroz
Bought by
Nuland Inc
Seller's Agent
Andrew Mungovan
RHP Real Estate
Buyer's Agent
Ken Ho
JK Realty
List Price
$310,000
Sold Price
$260,000
Premium/Discount to List
-$50,000
-16.13%
Current Estimated Value
$570,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,776
Avg. Annual Appreciation
13.16%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Nshe Lake Champlain Llc
Bought by
Big Slick Holdings Llc

Purchase Details

Closed on
Apr 25, 2005
Sold by
Hunter Betty A
Bought by
Sanaulla Feroz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Nuland Inc $260,000 Chicago Title Agency Inc
Sanaulla Feroz $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanaulla Feroz $216,000
Closed Sanaulla Feroz $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2018 10/22/18 Sold $260,000 -16.1% $200 / Sq Ft
10/18/2018 10/18/18 Price Changed $310,000 0.0% $238 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $310,000 0.0% $238 / Sq Ft
07/02/2018 07/02/18 Price Changed $310,000 0.0% $238 / Sq Ft
06/04/2018 06/04/18 Price Changed $310,000 -8.8% $238 / Sq Ft
03/29/2018 03/29/18 Price Changed $340,000 -5.6% $262 / Sq Ft
03/08/2018 03/08/18 For Sale $360,000 0.0% $277 / Sq Ft
03/08/2018 03/08/18 Price Changed $360,000 -5.3% $277 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $380,000 -- $292 / 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 $1,433 $12,793 -- --
2024 $1,416 $12,184 -- --
2023 $1,416 $50,000 $10,000 $40,000
2022 $1,358 $34,950 $6,990 $27,960
2021 $1,367 $30,480 $6,090 $24,390
2020 $1,326 $27,400 $5,480 $21,920
2019 $1,301 $22,450 $4,490 $17,960
2018 $1,269 $21,110 $4,220 $16,890
2017 $1,231 $17,860 $3,570 $14,290
2016 $1,222 $16,730 $3,340 $13,390
2015 $1,174 $13,860 $2,770 $11,090
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Andrew Mungovan

    RHP Real Estate

    (623) 692-6391

    19 Total Sales

    Section Image

  • K

    Buyer's Agent in 2018

    Ken Ho

    JK Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5717333

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-61-064B

Arizona Maricopa County Tempe 85281 Downtown Tempe

1714 E 12th St, Tempe, AZ

This home is located at 1714 E 12th St, Tempe, AZ 85281 since 01 February 2018 and is currently estimated at $583,853, approximately $449 per square foot. This property was built in 1971. 1714 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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