NOT LISTED FOR SALE
26 Beds
13 Baths
850 Sq Ft
0.59 Acre Lot

Sale Details

Date Sold: June 27, 2012

Last sale price $695,000 $818 Per Sq Ft

12 Days on Market

Highlights

  • Heated Community Pool
  • Painted or Stained Flooring
  • Multiple Heating Units
  • Multiple cooling system units
  • Community Barbecue Grill

About This Home

As of June 2012

Great long term investment opportunity. Spacious 850 Sq.ft. 2bed/1 bath apartment units. Close to Freeway System-loop 202 & 101 Nice sparkling pool Located Less Than 1/2 Mile from Light Rail Station Centrally Located Close to ASU Near Downtown Restaurants, Shops & Entertainment Walk-in closets Ample Covered Parking Freeway Access On site Laundry Facility. On the Orbit Transportation line!!(Free small bus service serving Tempe)

Last Agent to Sell the Property

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 05/30/2012

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.59

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Paved Parking
  • Additional Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for cable TV, electric, sewer, water
  • The owner pays for electric, landscaping, pool/spa maintenance, trash collection, water

Community Details

Overview

  • $6,944 per year Dock Fee
  • 13 Units
  • Building Dimensions are 25,544

Recreation

  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Insurance Expense $1,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.59 Acres

Listing Details

  • Tax Municipality: Tempe
  • Appliances Included: Dishwasher, Disposal, F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: McCintock/University
  • Environmental: Phase I Available
  • Floors: Carpet, Ceramic Tile, Vinyl
  • Legal Info Lot Number: 7
  • Roads Streets: Asphalt, Curb(s) & Gutter(s), Dedicated Street, Sidewalk(s)
  • Property Type: F
  • Marketing Name: Hayden Lane Apartments
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 14.00
  • Map Code Grid: R37
  • Year Built: 1985
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Fire/Smoke Alarm(s), Unfurnished, Vertical Blinds

Exterior Features

  • Exterior Amenities: Cable TV Available, Fenced, Green Landscaping, Security Light(s), Separate Storage
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: Add'l Parking Avail, Assigned, Carport, Free, Paved Parking, Street Parking
  • Total Parking Spaces: 26.00
  • Covered Parking Spaces: 12.00

Utilities

  • Water: City Franchise, Individual Meter
  • Electric: SRP
  • Cooling: 2 or More Units, Ceiling Fan(s), Electric, Individual
  • Heating: 2 or More Units, Electric

Condo/Co-op/Association

  • Community Amenities: Barbecue, Pool

Lot Info

  • Lot Size: 25,544

Multi Family

  • Income And Expenses Adjusted Gross Inc: 93652.24
  • Income And Expenses Annual Elec Exp: 3250.00
  • Income And Expenses Annual Ins Exp: 1950.00
  • Income And Expenses Annual Landscape Exp: 2600.00
  • Income And Expenses Annual Maint Exp: 5200.00
  • Income And Expenses Annual Mgmt Exp: 2600.00
  • Income And Expenses Annual Other Expense: 10400.00
  • Income And Expenses Annual Rplcmnt Rsrvs: 2400.00
  • Income And Expenses Annual Trash Exp: 1300.00
  • Income And Expenses Annual Water Sewer Exp: 4550.00
  • Income And Expenses Gross Annual Sch Inc: 101400.00
  • Income And Expenses Net Operating Income: 52457.92
  • Income And Expenses Operating Exp: 41194.32
  • Income And Expenses Other Income: 5023.00
  • Income And Expenses Totl Mnth Rntal Inc: 8450.00
  • Income And Expenses Vacancy Allowance: 0.12
  • Number Of Two Bedroom Units: 13
  • Owner Pays: Electric, Landscaping, Pool/Spa Maintenance, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Sewer, Water
  • Total Numberof Buildings: 2
  • Total Numberof Units: 13.00
  • Two Bedroom Units Avg Rent: 650.00
  • Two Bedroom Units Avg Sq Ft: 850
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 6944.32

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0444%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 7, 2016
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2013
Sold by
Bought by

Purchase Details

Listed on
May 30, 2012
Closed on
Jun 23, 2012
Sold by
Bought by
Seller's Agent
Jack Cardon
Cardon Commercial
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$688,000
Sold Price
$695,000
Premium/Discount to List
$7,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
0.0374%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 1997
Sold by
Bought by

Purchase Details

Closed on
May 31, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title Agency
$1,150,000 Old Republic Title Agency
$892,000 Title365 Agency
$695,000 Old Republic Title Agency
$532,000 Old Republic Title Agency
$381,000 Lawyers Title Of Arizona Inc
$340,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,352,000
Closed $1,000,000
Previous Owner $375,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/27/2012 06/27/12 Sold $695,000 +1.0% $818 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
05/30/2012 05/30/12 For Sale $688,000 -- $809 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,377 $69,893
2024 $7,735 $66,565
2023 $7,735 $205,950 $41,190 $164,760
2022 $7,419 $197,970 $39,590 $158,380
2021 $7,471 $161,210 $32,240 $128,970
2020 $7,244 $122,050 $24,410 $97,640
2019 $7,107 $93,910 $18,780 $75,130
2018 $6,930 $86,350 $17,270 $69,080
2017 $6,724 $78,260 $15,650 $62,610
2016 $6,677 $63,510 $12,700 $50,810
2015 $6,413 $58,910 $11,780 $47,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4766476

Arizona Regional Multiple Listing Service (ARMLS)
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