NOT LISTED FOR SALE

Estimated Value: $381,000 - $595,000

4 Beds
-- Bath
1,344 Sq Ft
$372/Sq Ft Est. Value

Last Sold November 06, 2014

Last sale price $155,000 $115 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $2,851/month

53 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of November 2014

GREAT INVESTMENT OPPORTUNITY IN THE HIGHLY DESIRED TOWN OF TEMPE AND CLOSE TO ASU. BOTH UNITS ARE CURRENTLY RENTED, ONE UNIT FOR $650/MO AND THE TENANT PAYS $1,950 QUARTERLY. THE SECOND UNIT IS RENTED FOR $600/MO AND IS CREDITED $35/MO BECAUSE HE MAINTAINS THE LOT. BOTH UNITS ARE 2 BEDROOM 1 BATH. THE ROOF WAS RECENTLY COATED

Last Listed By

Michael Cunningham

West USA Realty License #SA036973000 Listed on: 08/04/2014

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $664

Year Built

  • Built in 1962

Lot Details

  • 4,835

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces

Schools

  • Flora Thew Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 132-64-023-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are O

Building Details

  • Operating Expense $664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$664

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: McCLINTOCK & UNIVERSITY
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: DUPLEX
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2013
  • Directions: EAST ON UNIVERSITY TO SMITH, SOUTH ON SMITH TO 10TH ST, WEST TO PROPERTY **DO NOT DISTURB THE TENANTS**
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Flora Thew Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: O
  • Additional Parcels: No
  • Parcel #: 132-64-023-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 2
  • Annual Operating Expense: 664.0

Tax Info

  • Tax Annual Amount: 664.0
  • Tax Book Number: 132.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Deleon Fred J Ponce
Bought by
Jpdl Llc
Total Days on Market
53
Current Estimated Value
$500,419

Purchase Details

Closed on
Oct 25, 2021
Sold by
Jpdl Llc
Bought by
Deleon Fred J Ponce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,400
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2017
Sold by
Leon Fred John Ponce De
Bought by
Jpdl Llc

Purchase Details

Closed on
Oct 19, 2015
Sold by
Jpdl Llc
Bought by
Deleon Fred John Ponce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,143
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 4, 2014
Closed on
Dec 12, 2014
Sold by
Deleon Fred John Ponce
Bought by
Jpdl Llc
Seller's Agent
Michael Cunningham
West USA Realty
Buyer's Agent
Bill Janoff
HomeSmart Realty
List Price
$157,900
Sold Price
$155,000
Premium/Discount to List
-$2,900
-1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%

Purchase Details

Listed on
Aug 4, 2014
Closed on
Oct 6, 2014
Sold by
J & G Strategic Investments Llc
Bought by
Deleon Fred John Ponce
Seller's Agent
Michael Cunningham
West USA Realty
Buyer's Agent
Bill Janoff
HomeSmart Realty
List Price
$157,900
Sold Price
$155,000
Premium/Discount to List
-$2,900
-1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2012
Sold by
Keutzer Kevin
Bought by
Keutzer Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2012
Sold by
Krull Kenneth A
Bought by
J & G Strategic Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Jpdl Llc -- None Listed On Document
Deleon Fred J Ponce -- Driggs Title Agency Inc
Jpdl Llc -- None Available
Deleon Fred John Ponce -- None Available
Jpdl Llc -- None Available
Deleon Fred John Ponce $155,000 Pioneer Title Agency Inc
Keutzer Brenda -- Pioneer Title Agency Inc
J & G Strategic Investments Llc $90,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deleon Fred J Ponce $366,400
Previous Owner Deleon Fred John Ponce $152,068
Previous Owner Deleon Fred John Ponce $152,143
Previous Owner Deleon Fred John Ponce $152,192
Previous Owner J & G Strategic Investments Llc $30,000
Previous Owner J & G Strategic Investments Llc $90,000
Previous Owner Krull Kenneth A $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2014 11/06/14 Sold $155,000 0.0% $115 / Sq Ft
11/06/2014 11/06/14 Sold $155,000 -1.2% $115 / Sq Ft
09/27/2014 09/27/14 Pending -- -- --
09/26/2014 09/26/14 Pending -- -- --
08/14/2014 08/14/14 Price Changed $156,900 -0.6% $117 / Sq Ft
08/04/2014 08/04/14 For Sale $157,900 0.0% $117 / Sq Ft
07/24/2014 07/24/14 Price Changed $157,900 -0.6% $117 / Sq Ft
06/19/2014 06/19/14 Price Changed $158,900 -0.6% $118 / Sq Ft
05/29/2014 05/29/14 Price Changed $159,900 -2.4% $119 / Sq Ft
05/22/2014 05/22/14 Price Changed $163,900 -0.6% $122 / Sq Ft
05/14/2014 05/14/14 For Sale $164,900 -- $123 / 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 $921 $8,222 -- --
2024 $910 $7,830 -- --
2023 $910 $35,260 $7,050 $28,210
2022 $873 $23,700 $4,740 $18,960
2021 $879 $19,900 $3,980 $15,920
2020 $852 $17,710 $3,540 $14,170
2019 $836 $15,460 $3,090 $12,370
2018 $707 $13,410 $2,680 $10,730
2017 $685 $12,020 $2,400 $9,620
2016 $681 $10,510 $2,100 $8,410
2015 $659 $9,000 $1,800 $7,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5153513

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-64-023A