NOT LISTED FOR SALE

1986 E University Dr Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $694,000 - $1,251,145

Studio
1 Bath
1,278 Sq Ft
$818/Sq Ft Est. Value

Last Sold October 24, 2024

Last sale price $1,300,000 $1,017 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,526/month

667 Days on Market

Highlights

  • 0.49 Acre Lot
  • Ceramic Tile Flooring
  • Central Air

About This Home

As of October 2024

Rare opportunity to purchase infill land on University Drive for possible multi family units, apartments, retail, restaurant etc. Property is zoned agricultural giving it a variety of uses. Property is located near Arizona State's Tempe Campus, less than a 1/2 from Loop 101 in a high demand retail trade area. The property is close to Tempe Marketplace and ASU. Property includes a 1278 sq/ft adobe home that is currently occupied. Irrigated lot. Very unique property with a variety of potential uses. Do not disturb occupants. Sale is for the land and current single family home. Buyer to verify all facts, figures, measurements and any information of material importance.

Last Agent to Sell the Property

Jason Miszuk

Realty ONE Group License #SA562932000 Listed on: 09/24/2024

Last Buyer's Agent

Jennifer O'Neil

Compass License #SA042368000

Compass

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1946

Lot Details

  • 0.49 Acre Lot
  • Property is zoned AG

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,278 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Private Parking
  • Free Parking
  • Fenced Parking

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 132-39-002-U

Property Details

Property Type

Other

Est. Annual Taxes

$1,330

Year Built

Built in 1946

Lot Details

0.49 Acres

Listing Details

  • Cross Street: University Drive & Smith Rd
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: AG
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2021
  • Lot Size Acres: 0.49
  • Road Surface Type: Dedicated Street, Private Street
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: U
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1278.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: None
  • Construction Type: See Remarks, Frame - Wood, Stucco, Block
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Private Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Other, See Remarks
  • Green Building Features: Other (See Remarks)
  • Water Source: Other, See Remarks

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 21413.0
  • Parcel #: 132-39-002-U
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1330.0
  • Tax Book Number: 132.00
  • Tax Lot: -
  • Tax Map Number: 39.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Oct 16, 2024
Sold by
Urias Lucy
Bought by
Sierra Charlie Holdings Llc
Seller's Agent
Jason Miszuk
Realty ONE Group
Buyer's Agent
Jennifer O'Neil
Compass
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Current Estimated Value
$1,044,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$255,214
Avg. Annual Appreciation
-15.37%
Original Mortgage
$521,500
Outstanding Balance
$514,800
Interest Rate
6.2%
Estimated Equity
$529,986

Purchase Details

Listed on
Sep 24, 2024
Closed on
Sep 4, 2024
Sold by
Urias David J
Bought by
Urias Lucy
Seller's Agent
Jason Miszuk
Realty ONE Group
Buyer's Agent
Jennifer O'Neil
Compass
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,500
Outstanding Balance
$514,800
Interest Rate
6.2%
Estimated Equity
$529,986
Source: Public Records
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
Sierra Charlie Holdings Llc $1,300,000 Premier Title Agency
Urias Lucy -- Premier Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sierra Charlie Holdings Llc $521,500
Previous Owner Sierra Charlie Holdings Llc $745,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $1,300,000 -3.7% $1,017 / Sq Ft
09/24/2024 09/24/24 Price Changed $1,350,000 0.0% $1,056 / Sq Ft
09/05/2024 09/05/24 Price Changed $1,350,000 0.0% $1,056 / Sq Ft
09/05/2024 09/05/24 For Sale $1,350,000 0.0% $1,056 / Sq Ft
07/29/2024 07/29/24 For Sale $1,350,000 0.0% $1,056 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
12/28/2023 12/28/23 For Sale $1,350,000 0.0% $1,056 / Sq Ft
09/29/2023 09/29/23 Off Market $1,350,000 -- --
06/18/2022 06/18/22 For Sale $1,350,000 +1154.4% $1,056 / Sq Ft
10/20/2016 10/20/16 Sold $107,625 -25.0% $97 / Sq Ft View Prior Sale
10/18/2016 10/18/16 Price Changed $143,500 0.0% $130 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
06/30/2016 06/30/16 For Sale $143,500 -- $130 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,711 $14,276 -- --
2024 $1,366 $13,596 -- --
2023 $1,366 $32,430 $6,480 $25,950
2022 $1,304 $24,360 $4,870 $19,490
2021 $1,330 $22,780 $4,550 $18,230
2020 $1,286 $19,620 $3,920 $15,700
2019 $1,261 $16,200 $3,240 $12,960
2017 $782 $10,750 $2,140 $8,610
Source: Public Records

Agents Affiliated with this Home

  • Jason Miszuk

    Seller's Agent in 2024

    Jason Miszuk

    Realty One Group

    (602) 363-5058

    1 in this area

    43 Total Sales

    Jason Miszuk
    Section Image
  • Jennifer O'Neil

    Buyer's Agent in 2024

    Jennifer O'Neil

    Compass

    (602) 501-4303

    1 in this area

    31 Total Sales

    Jennifer O'Neil
    Section Image

  • J

    Seller's Agent in 2016

    Joan Kemnitz Larue

    Clayton Nash Real Estate

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6423796

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-39-002U

Arizona Maricopa County Tempe 85281 Apache

1986 E University Dr, Tempe, AZ

Not Listed for Sale

Other

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
Your Personal Tour Guide

Ask me questions while you tour the home.