NOT LISTED FOR SALE

1951 E Don Carlos Ave Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $782,000 - $1,115,000

-- Bed
-- Bath
3,264 Sq Ft
$284/Sq Ft Est. Value

Last Sold May 09, 2019

Last sale price $545,000 $167 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,358/month

27 Days on Market

Highlights

  • Wood Flooring
  • Heat Pump System
  • 1-minute walk to Alegre Park
  • Central Air

About This Home

As of May 2019

Almost a 1/4 acre of land with a fully rented 4 plex in the heart of Tempe near ASU. Just a short walk to campus. This 4 plex is located next door to brand new builds and across the street from a great park. There is plenty of parking for all the units. Each unit has been recently updated and average rents are $875 each. All units are 2 bedroom and 1 bath. There are washer and dryers in each unit. There are 2 upstairs units and 2 downstairs units with small backyards. This is a great investment in an area that is growing and very popular.

Last Listed By

Lenny Behie

Realty Executives License #SA646088000 Listed on: 03/08/2019

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,101

Year Built

  • Built in 1984

Lot Details

  • 0.25

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 50
  • Assessor Parcel Number 132-67-044-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 160.77 x 70.92
  • Rancho El Dorado Subdivision

Building Details

  • Operating Expense $6,414
  • Gross Income $39,900
  • Net Operating Income $35,586

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,101

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: S McClintock Dr and E Apache Blvd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2018
  • Directions: University to Smith and south to Don Carlos and right to the property
  • Road Surface Type: Asphalt
  • Subdivision Name: Rancho El Dorado
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1380.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 160.77 x 70.92
  • Additional Parcels: No
  • Parcel #: 132-67-044-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Annual Gross Income: 39900.0
  • Insurance Expense: 873.0
  • Maintenance Expense: 1700.0
  • Property Net Operating Income: 35586.0
  • Annual Operating Expense: 6414.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2101.0
  • Tax Book Number: 132.00
  • Tax Lot: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
May 3, 2019
Sold by
Kamalakar Santosh
Bought by
Dauck Steven
Seller's Agent
Lenny Behie
Realty Executives
Buyer's Agent
Heather Valdes
Citiea
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%
Total Days on Market
27
Current Estimated Value
$926,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,271
Avg. Annual Appreciation
9.99%
Original Mortgage
$408,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2015
Closed on
Apr 15, 2015
Sold by
Maduri Sridhar and Kamalakar Santosh
Bought by
Kamalakar Santosh
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.55%
Original Mortgage
$270,019
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
May 4, 2015
Closed on
Apr 14, 2015
Sold by
Jc Concerto Llc
Bought by
Kamalakar Santosh K
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,019
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 14, 2012
Closed on
Nov 1, 2012
Sold by
Gehn Chris and Gehn Eva
Bought by
Jc Concerto Llc
Seller's Agent
Lori Souza
Connect Realty.com Inc.
Buyer's Agent
Patrick O'Sullivan
Get Multifamily
List Price
$239,000
Sold Price
$229,000
Premium/Discount to List
-$10,000
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Dec 28, 2009
Sold by
Gmac Mortgage Llc
Bought by
Gehn Chris and Gehn Eva

Purchase Details

Closed on
Sep 15, 2009
Sold by
Olukanni Donatus
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Oct 13, 2004
Sold by
Bellerose John and Bellerose Carol C
Bought by
Olukanni Donatus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2002
Sold by
Kamerman Brent A
Bought by
Bellerose John and Bellerose Carol C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2002
Sold by
Jenvey Alan J and Jenvey Donna M
Bought by
Kamerman Brent A

Purchase Details

Closed on
Apr 27, 1999
Sold by
Sutton Ryan L and Sutton Jennifer L
Bought by
Jenvey Alan J and Jenvey Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1998
Sold by
Maxwell Ted and Maxwell Delwyn
Bought by
Sutton Ryan L and Sutton Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,300
Interest Rate
6.88%
Mortgage Type
Trade

Purchase Details

Closed on
Oct 6, 1995
Sold by
Pitman Dale L and Pitman Dale
Bought by
Maxwell Products 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
Dauck Steven $545,000 Fidelity Natl Ttl Agcy Inc
Kamalakar Santosh -- Pioneer Title Agency Inc
Kamalakar Santosh K $275,000 Pioneer Title Agency Inc
Jc Concerto Llc $229,000 Clear Title Agency Of Arizon
Gehn Chris $101,500 Fidelity Natl Title Ins Co
Gmac Mortgage Llc $106,250 Security Title Agency
Olukanni Donatus $280,000 Arizona Title Agency Inc
Bellerose John $235,000 Capital Title Agency Inc
Kamerman Brent A $191,000 Capital Title Agency Inc
Jenvey Alan J $160,000 Grand Canyon Title Agency In
Sutton Ryan L $137,000 Security Title Agency
Maxwell Products Inc $182,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dauck Steven $614,000
Closed Dauck Steven $424,000
Closed Dauck Steven $408,750
Previous Owner Kamalakar Santosh $270,019
Previous Owner Olukanni Donatus $316,000
Previous Owner Olukanni Donatus $210,000
Previous Owner Olukanni Donatus $210,000
Previous Owner Olukanni Donatus $42,000
Previous Owner Bellerose John $176,250
Previous Owner Jenvey Alan J $144,000
Previous Owner Sutton Ryan L $123,300
Closed Olukanni Donatus $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2019 05/09/19 Sold $545,000 -0.9% $167 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
03/30/2019 03/30/19 For Sale $550,000 0.0% $169 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $550,000 +100.0% $169 / Sq Ft
05/04/2015 05/04/15 Sold $275,000 0.0% $84 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $275,000 +20.1% $84 / Sq Ft
11/02/2012 11/02/12 Sold $229,000 -4.2% $70 / Sq Ft
10/16/2012 10/16/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $239,000 -- $73 / 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 $2,374 $21,191 -- --
2024 $2,345 $20,182 -- --
2023 $2,345 $83,460 $16,690 $66,770
2022 $2,250 $57,420 $11,480 $45,940
2021 $2,265 $48,130 $9,620 $38,510
2020 $2,196 $42,860 $8,570 $34,290
2019 $2,155 $35,230 $7,040 $28,190
2018 $2,101 $33,260 $6,650 $26,610
2017 $2,039 $28,700 $5,740 $22,960
2016 $2,024 $27,610 $5,520 $22,090
2015 $1,944 $23,300 $4,660 $18,640
Source: Public Records

Agents Affiliated with this Home

  • Lenny Behie

    Seller's Agent in 2019

    Lenny Behie

    Realty Executives

    (602) 319-8868

    1 in this area

    584 Total Sales

    Lenny Behie
    Section Image
  • Heather Valdes

    Buyer's Agent in 2019

    Heather Valdes

    Citiea

    (602) 717-9183

    25 Total Sales

    Heather Valdes
    Section Image
  • Patrick O'Sullivan

    Seller's Agent in 2015

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    31 Total Sales

    Patrick O'Sullivan
    Section Image

  • L

    Seller's Agent in 2012

    Lori Souza

    Connect Realty.com Inc.

    (602) 432-3296

    8 Total Sales

    Lori Souza
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5893068

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-67-044A

Arizona Maricopa County Tempe 85281 Apache

1951 E Don Carlos Ave, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1951 E Don Carlos Ave, Tempe, AZ 85281 since 08 March 2019 and is currently estimated at $926,271, approximately $283 per square foot. This property was built in 1984. 1951 E Don Carlos Ave is a home located in Maricopa County with nearby schools including Thew 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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