NOT LISTED FOR SALE

1978 E Don Carlos Ave Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $776,000 - $1,033,000

-- Bed
-- Bath
2,790 Sq Ft
$316/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $900,000 $323 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,969/month

7 Days on Market

Highlights

  • Ceramic Tile Flooring
  • 4-minute walk to Smith-Martin/Apache Blvd
  • 2-minute walk to Alegre Park
  • Central Air
  • Heating Available

About This Home

As of March 2024

Discover an exceptional investment opportunity with this fully renovated 4plex in the heart of Tempe, Arizona. This turnkey property boasts a consistent rental history, featuring four fully occupied two-bedroom, one-bath units. Three of the units were extensively renovated in 2018, showcasing modern maple cabinetry, elegant quartz countertops, stainless steel appliances, contemporary fixtures, new sinks, upgraded flooring, and fresh paint throughout. Unit D received a complete makeover in 2023, with sleek white shaker cabinetry, quartz countertops, brand-new stainless steel appliances, fully updated bathrooms, and chic wood-tile flooring. The exterior has been enhanced with a fresh coat of paint in 2023, and the parking lot has been redone, ensuring a well-maintained appearance. Situated in a desirable area of Tempe, this fourplex is conveniently located near shopping, dining, and entertainment options. Its proximity to Arizona State University (ASU) makes it an attractive choice for students and faculty, ensuring a consistent demand for rental units. ** each unit is individually metered!

Last Agent to Sell the Property

Shelby DiBiase

eXp Realty License #BR508964000 Listed on: 02/19/2024

eXp Realty

Last Buyer's Agent

Kathy Morgan

Redfin Corporation License #SA693248000

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,977

Year Built

  • Built in 1974

Lot Details

  • 8,799

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 35
  • Assessor Parcel Number 132-67-039-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 124x70
  • Rancho El Dorado 1 26, 36 44 Subdivision

Building Details

  • Operating Expense $9,390
  • Gross Income $55,746
  • Net Operating Income $41,128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,977

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: University & Smith Road
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3613.0
  • Subdivision Name: RANCHO EL DORADO 1-26, 36-44
  • Tax Parcel Letter: C
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 124x70
  • Additional Parcels: No
  • Parcel #: 132-67-039-C

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 55746.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 2200.0
  • Property Net Operating Income: 41128.0
  • Annual Operating Expense: 9390.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1977.0
  • Tax Book Number: 132.00
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Mar 29, 2024
Sold by
Oglesby Robert
Bought by
Tang Kwunhung
Seller's Agent
Shelby DiBiase
eXp Realty
Buyer's Agent
Kathy Morgan
Redfin Corporation
List Price
$895,000
Sold Price
$900,000
Premium/Discount to List
$5,000
0.56%
Views
20
Current Estimated Value
$881,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,591
Avg. Annual Appreciation
1.90%
Original Mortgage
$190,000
Outstanding Balance
$187,983
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$735,670

Purchase Details

Closed on
Dec 28, 2021
Sold by
Oglesby Melanie and Oglesby Robert
Bought by
Oglesby Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2021
Sold by
O Homes Llc
Bought by
Oglesby Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2021
Sold by
Oglesby Robert and Oglesby Melanie
Bought by
O Homes Llc

Purchase Details

Listed on
Jan 28, 2019
Closed on
Apr 30, 2019
Sold by
Mbc Investment Properties Llc
Bought by
Oglesby Robert and Oglesby Melanie
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Dallin Hammond
ABI Multifamily
List Price
$660,000
Sold Price
$607,000
Premium/Discount to List
-$53,000
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$366,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2018
Sold by
Afi Investments Properties Llc
Bought by
Mbc Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 1, 2014
Closed on
Jun 26, 2014
Sold by
Michael Wayne Llc
Bought by
Wenzel Patricia Mary
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$259,000
Sold Price
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$181,300
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 15, 2013
Closed on
Sep 23, 2013
Sold by
Kaipainen Lois J
Bought by
Michael Wayne Llc
Seller's Agent
Stephen Lins
ROI Asset Management Solutions
Buyer's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
List Price
$199,000
Sold Price
$160,000
Premium/Discount to List
-$39,000
-19.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.47%
Original Mortgage
$128,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2005
Sold by
Rivera Adolph and Rivera Nereyda
Bought by
Kaipainen Lois J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,800
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 13, 1994
Sold by
Stoddard Roger D
Bought by
Rivera Adolph and Rivera Nereyda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tang Kwunhung $900,000 Fidelity National Title Agency
Oglesby Robert -- Driggs Title Agency Inc
Oglesby Robert -- Driggs Title Agency Inc
O Homes Llc -- Accommodation
Oglesby Robert $607,000 Wfg National Title Ins Co
Mbc Investment Properties Llc $480,000 Empire West Title Agency Llc
Afi Investment Properties Llc $430,000 Empire West Title Agency Llc
Wenzel Patricia Mary $259,000 Chicago Title Agency Inc
Michael Wayne Llc $160,000 Chicago Title Agency Inc
Kaipainen Lois J $401,000 Chicago Title Insurance Co
Rivera Adolph $70,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Kwunhung $190,000
Previous Owner Oglesby Robert $498,000
Previous Owner Oglesby Robert $498,000
Previous Owner Oglesby Robert $366,000
Previous Owner Oglesby Robert $350,000
Previous Owner Mbc Investment Properties Llc $384,000
Previous Owner Wenzel Patricia Mary $181,300
Previous Owner Michael Wayne Llc $128,000
Previous Owner Kaipainen Lois J $320,800
Previous Owner Kaipainen Lois J $80,200
Previous Owner Kaipainen Lois J $320,800
Previous Owner Rivera Adolph $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $900,000 +0.6% $323 / Sq Ft
02/19/2024 02/19/24 For Sale $895,000 +47.4% $321 / Sq Ft
04/30/2019 04/30/19 Sold $607,000 -8.0% $218 / Sq Ft
04/29/2019 04/29/19 For Sale $660,000 +8.7% $237 / Sq Ft
04/23/2019 04/23/19 Off Market $607,000 -- --
04/22/2019 04/22/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $660,000 0.0% $237 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $660,000 +154.8% $237 / Sq Ft
06/30/2014 06/30/14 Sold $259,000 0.0% $93 / Sq Ft
06/02/2014 06/02/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $259,000 +61.9% $93 / Sq Ft
09/26/2013 09/26/13 Sold $160,000 -19.6% $57 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $199,000 -- $71 / 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 $2,001 $17,865 -- --
2024 $1,977 $17,014 -- --
2023 $1,977 $72,600 $14,520 $58,080
2022 $1,896 $50,180 $10,030 $40,150
2021 $1,910 $42,060 $8,410 $33,650
2020 $1,852 $37,070 $7,410 $29,660
2019 $1,816 $30,460 $6,090 $24,370
2018 $1,771 $28,750 $5,750 $23,000
2017 $1,719 $24,900 $4,980 $19,920
2016 $1,707 $23,580 $4,710 $18,870
2015 $1,639 $20,480 $4,090 $16,390
Source: Public Records

Agents Affiliated with this Home

  • Shelby DiBiase

    Seller's Agent in 2024

    Shelby DiBiase

    eXp Realty

    (602) 330-1985

    2 in this area

    224 Total Sales

    Section Image

  • K

    Buyer's Agent in 2024

    Kathy Morgan

    Redfin Corporation

    Section Image
  • Dallin Hammond

    Seller's Agent in 2019

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    38 Total Sales

    Section Image
  • Mitchell Drake

    Seller Co-Listing Agent in 2019

    Mitchell Drake

    ABI Multifamily

    (602) 714-1400

    29 Total Sales

    Section Image

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Stephen Lins

    Seller's Agent in 2013

    Stephen Lins

    ROI Asset Management Solutions

    (602) 300-0753

    11 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6665930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-67-039C

Arizona Maricopa County Tempe 85281 Apache

1978 E Don Carlos Ave, Tempe, AZ

This home is located at 1978 E Don Carlos Ave, Tempe, AZ 85281 since 19 February 2024 and is currently estimated at $881,409, approximately $315 per square foot. This property was built in 1974. 1978 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

Nearby Homes