NOT LISTED FOR SALE

Estimated Value: $273,000 - $417,000

1 Bed
1 Bath
546 Sq Ft
$625/Sq Ft Est. Value

Last Sold March 13, 2015

Last sale price $320,000 $586 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,881/month

34 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Heat Pump System
  • Thew Elementary School Rated 9+

About This Home

As of March 2015

Very desirable East Tempe Location. 1 Mile from ASU campus 3 blocks from light rail, bus lines. Would make ideal fix and hold rental property, needs moderate upgrading. Or: Add 3 units to the vacant lot Or: ½ acre total MF land – suitable for +/-14 new Town Homes or Condo units.
Parcel #1
3 rental units on ¼ acre MF zoned land
(1) 3 Bed 2 bath house, 1,700sf, 2 C, market rent $1,000
(2) 2 bed 1 bath (duplex) 750sf, market rents $650
Parcel#2
1 rental unit on ¼ acre MF zoned land
1) 2 bed 1 bath house, 800sf, market rent $700
Balance of lot is vacant. DRIVE BY ONLY. SUBMIT OFFER FOR LOOK AT BOOKS AND INTERIORS.

Last Agent to Sell the Property

Tonya Calkins

Realty ONE Group License #BR518449000 Listed on: 01/06/2015

Last Buyer's Agent

Steve and Sarah Lugo

Realty ONE Group License #SA635484000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1955

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 132-64-009-B

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are rectangular
  • Hayden Lane Apartments Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $12,440
  • Gross Income $30,400
  • Net Operating Income $20,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,100

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: University/McClintock
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2014
  • Directions: S on McClintoch from 202 Fwy, to Hayden, E to property on South side of street.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1800.0
  • Subdivision Name: Hayden Lane Apartments
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 240.0
  • Annual Water Sewer Expense: 2400.0

Lot Info

  • Lot Size: rectangular
  • Additional Parcels: Yes
  • Parcel #: 132-64-009-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 400.0
  • Annual Gross Income: 30400.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 20060.0
  • Annual Operating Expense: 12440.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2100.0
  • Tax Book Number: 132.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2020
Sold by
Vallavicencio Hugo
Bought by
Chamberlin David
Current Estimated Value
$341,417

Purchase Details

Closed on
Sep 2, 2016
Sold by
Listyo Gondosinaryo
Bought by
Villavicencio Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2015
Closed on
Feb 12, 2015
Sold by
Walsh Jason Terrill
Bought by
Listyo Gondosinaryo
Seller's Agent
Tonya Calkins
Realty ONE Group
Buyer's Agent
Steve and Sarah Lugo
Realty ONE Group
List Price
$359,800
Sold Price
$320,000
Premium/Discount to List
-$39,800
-11.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%

Purchase Details

Closed on
Jun 25, 2003
Sold by
Trachta Anita
Bought by
Walsh Jason Terrill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,500
Interest Rate
5.3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 25, 1999
Sold by
Mourey Michelle
Bought by
Trachta Anita

Purchase Details

Closed on
Mar 29, 1995
Sold by
Wark Phyllis K
Bought by
Wark Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
8.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 1995
Sold by
Wark Partners
Bought by
Mourey Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
8.9%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Chamberlin David $130,000 Security Title Agency Inc
Villavicencio Hugo $425,000 Old Republic Title Agency
Listyo Gondosinaryo $320,000 First American Title Ins Co
Walsh Jason Terrill $80,000 Lawyers Title Insurance Corp
Trachta Anita $100,000 Lawyers Title Of Arizona Inc
Wark Partners -- Lawyers Title
Mourey Michelle $35,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villavicencio Hugo $318,750
Previous Owner Walsh Jason Terrill $54,500
Previous Owner Mourey Michelle $27,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2015 03/13/15 Sold $320,000 -11.1% $586 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $359,800 -- $659 / 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 $856 $7,638 -- --
2024 $845 $7,275 -- --
2023 $845 $22,760 $4,550 $18,210
2022 $811 $16,770 $3,350 $13,420
2021 $816 $15,610 $3,120 $12,490
2020 $792 $13,420 $2,680 $10,740
2019 $777 $12,100 $2,420 $9,680
2018 $757 $10,560 $2,110 $8,450
2017 $735 $9,310 $1,860 $7,450
2016 $730 $8,110 $1,620 $6,490
2015 $701 $6,950 $1,390 $5,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5217694

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-64-009B