NOT LISTED FOR SALE

1940 E Southern Ave Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $1,974,519

-- Bed
-- Bath
5,981 Sq Ft
$330/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $1,200,000 $201 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $12,162/month

1 Day on Market

About This Home

As of May 2018

Great Value from this 5980 SF medical facility. Sitting on 30,492 SF lot on the Southern Ave medical corridor this one is sure to go quickly!

Last Agent to Sell the Property

Karl Tunberg

eXp Realty License #BR014015000 Listed on: 05/04/2018

Last Buyer's Agent

Karl Tunberg

Hague Partners License #BR014015000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,014

Year Built

  • Built in 1988

Lot Details

  • 0.7 Acre Lot
  • Block Wall Fence
  • Property is zoned CSS

Home Design

  • 5,981 Sq Ft Home

Parking

  • 2 Parking Spaces
  • 1 Covered Space

Utilities

  • Central Air

Community Details

  • Operating Expense $16,014

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-34-826-C

Property Details

Property Type

Other

Est. Annual Taxes

$16,014

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: Country Club & Southern
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CSS
  • Current Use: Medical/Dental
  • Number Of Buildings: 1
  • Year Built: 1988
  • Tax Year: 2017
  • Directions: From the 101 & Southern travel West to building on North side of road. Thank you!
  • Lot Size Acres: 0.7
  • Road Surface Type: Asphalt
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Other, See Remarks
  • Roof: See Remarks, Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 30492.0
  • Additional Parcels: No
  • Parcel #: 133-34-826-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 16014.0
  • Leasable Area: 2000.0

Tax Info

  • Tax Annual Amount: 16014.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
May 14, 2018
Sold by
Surgery Center Of Tempe Real Estate Ii L
Bought by
1940 East Southern Avenue Llc
Seller's Agent
Karl Tunberg
eXp Realty
Buyer's Agent
Karl Tunberg
eXp Realty
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,974,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$774,519
Avg. Annual Appreciation
7.13%
Original Mortgage
$604,100
Outstanding Balance
$525,679
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$1,461,922

Purchase Details

Closed on
Jan 12, 2017
Sold by
Surgery Center Of Tempe Llc
Bought by
Surgery Center Of Tempe Real Estate Ii L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,665
Interest Rate
4.08%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 18, 1998
Sold by
Buchbinder Reese Discont Partnership
Bought by
Surgery Center Of Tempe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
6.78%
Mortgage Type
Commercial
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
1940 East Southern Avenue Llc $1,200,000 Clear Title Agency Of Arizon
Surgery Center Of Tempe Real Estate Ii L -- None Available
Surgery Center Of Tempe Llc $900,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1940 East Southern Avenue Llc $604,100
Closed 1940 East Southern Avenue Tempe Llc $422,700
Previous Owner 1940 E Southern Avenue Tempe Llc $435,000
Previous Owner Surgery Center Of Tempe Real Estate Ii L $514,665
Previous Owner Surgery Center Of Tempe Llc $540,000
Previous Owner Physicians Surgery Center Of Tempe Llc $770,000
Previous Owner Surgery Center Of Tempe Llc $670,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2018 05/09/18 Sold $1,200,000 0.0% $201 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $1,200,000 -- $201 / 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 $17,093 $147,965 -- --
2024 $17,398 $145,322 -- --
2023 $17,398 $285,957 $156,502 $129,455
2022 $17,180 $186,708 $64,278 $122,430
2021 $17,793 $191,538 $66,114 $125,424
2020 $17,253 $179,100 $66,906 $112,194
2019 $16,925 $158,076 $60,228 $97,848
2018 $16,505 $155,304 $60,030 $95,274
2017 $16,014 $140,382 $55,584 $84,798
2016 $15,901 $119,934 $48,330 $71,604
2015 $15,697 $106,949 $40,090 $66,859
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Karl Tunberg

    eXp Realty

    (480) 369-5130

    1 in this area

    305 Total Sales

    Karl Tunberg
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5761630

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-34-826C

Arizona Maricopa County Tempe 85282 Alameda

1940 E Southern Ave, Tempe, AZ

This home is located at 1940 E Southern Ave, Tempe, AZ 85282 since 04 May 2018 and is currently estimated at $1,974,519, approximately $330 per square foot. This property was built in 1988. 1940 E Southern Ave is a home located in Maricopa County with nearby schools including Curry Elementary School, Connolly Middle School, and McClintock 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

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