200 E Southern Ave Unit 224 Tempe, AZ 85282
Alameda NeighborhoodEstimated payment $1,902/month
Highlights
- Unit is on the top floor
- Heated Spa
- Vaulted Ceiling
- Broadmor Elementary School Rated 9+
- City View
- End Unit
About This Home
Investor opportunity in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo providing immediate rental income with optimized mid-term rental upside potential. This unit features a highly desirable split floorplan, inside laundry, a private shaded balcony, and spacious living areas. Unbeatable location just 2.5 miles from ASU, shopping, dining, major valley employers, and immediate freeway access. An attractive option for buy-and-hold investors, 1031 Exchange buyers, and portfolio growth. Active HOA community repair projects offer a built-in equity cushion and long-term value enhancement. Dues cover exterior maintenance, roofing, blanket insurance, water, sewer, trash, and access to 2 heated pools and hot tubs. Buyer to independently verify all property rules. Highest & Best Use Strategy: While currently stabilized as a long-term rental, this asset is primed for an optimized roadmap to transition into a premium 30-to-90+ day Mid-Term Rental (MTR) to capitalize on high-yielding traveling medical, corporate, and transitional academic stays. Financing & Cash Advantage: Due to ongoing community asset stabilization and repair cycles, this property is currently non-warrantable and requires an all-cash close. Cash investors can capitalize on this status to bypass financed retail competition. Turnkey Rental Infrastructure: Property is situated in an always-in-demand rental hub with local property management infrastructure available for seamless out-of-state portfolio integration. Pro Forma Availability: Data-backed pro forma models outlining both the stabilized long-term rental math and optimized mid-term rental metrics are available upon request.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,195
Year Built
- Built in 1986
Lot Details
- End Unit
- Two or More Common Walls
- Wood Fence
- Grass Covered Lot
HOA Fees
- $445 Monthly HOA Fees
Home Design
- Brick Veneer
- Wood Frame Construction
- Tile Roof
- Wood Siding
Interior Spaces
- 941 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Great Room
- Living Room with Fireplace
- Combination Dining and Living Room
- City Views
Kitchen
- Electric Range
- Built-In Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Detached Carport Space
- Assigned Parking
Outdoor Features
- Heated Spa
- Balcony
- Outdoor Storage
Location
- Unit is on the top floor
- Property is near bus stop
Schools
- Broadmor Elementary School
- Connolly Middle School
- Tempe High School
Utilities
- Central Air
- Heating Available
Additional Features
- No Interior Steps
- North or South Exposure
Listing and Financial Details
- Tax Lot 224
- Assessor Parcel Number 133-46-233
Community Details
Overview
- Association fees include maintenance exterior, roof repair, roof replacement, insurance, water, sewer, trash, ground maintenance, street maintenance
- City Property Mgmt. Association
- Chesapeake Condominium Subdivision
Amenities
- Common Area
- Laundry Facilities
Recreation
- Fenced Community Pool
- Community Spa
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,195 | $9,971 | ||
| 2024 | $1,103 | $9,497 | ||
| 2023 | $1,103 | $17,120 | $3,420 | $13,700 |
| 2022 | $1,059 | $16,070 | $3,210 | $12,860 |
| 2021 | $1,066 | $14,430 | $2,880 | $11,550 |
| 2020 | $1,033 | $12,180 | $2,430 | $9,750 |
| 2019 | $1,014 | $11,230 | $2,240 | $8,990 |
| 2018 | $989 | $10,180 | $2,030 | $8,150 |
| 2017 | $959 | $9,210 | $1,840 | $7,370 |
| 2016 | $953 | $8,380 | $1,670 | $6,710 |
| 2015 | $915 | $7,460 | $1,490 | $5,970 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/10/2026 06/10/26 | Price Changed | $249,900 | -2.0% | $266 / Sq Ft | |
| 05/04/2026 05/04/26 | For Sale | $255,000 | 0.0% | $271 / Sq Ft | |
| 03/20/2014 03/20/14 | Rented | $995 | 0.0% | -- | |
| 02/18/2014 02/18/14 | Under Contract | -- | -- | -- | |
| 01/26/2014 01/26/14 | For Rent | $995 | 0.0% | -- | |
| 12/18/2013 12/18/13 | Sold | $130,000 | -6.1% | $138 / Sq Ft | View Prior Sale |
| 12/11/2013 12/11/13 | For Sale | $138,500 | 0.0% | $147 / Sq Ft | |
| 12/11/2013 12/11/13 | Price Changed | $138,500 | 0.0% | $147 / Sq Ft | |
| 11/07/2013 11/07/13 | Pending | -- | -- | -- | |
| 10/11/2013 10/11/13 | Price Changed | $138,500 | -1.0% | $147 / Sq Ft | |
| 09/18/2013 09/18/13 | For Sale | $139,900 | -- | $149 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $130,000 | Clear Title Agency Of Arizon | |
| Interfamily Deed Transfer | -- | Clear Title Agency Of Arizon | |
| Warranty Deed | $99,000 | First American Title Ins Co | |
| Special Warranty Deed | $211,700 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $162,000 | New Conventional | |
| Closed | $117,000 | New Conventional | |
| Previous Owner | $79,200 | New Conventional | |
| Previous Owner | $201,115 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7009928
APN: 133-46-233
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.
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
- 200 E Southern Ave Unit 136
- 200 E Southern Ave Unit 160
- 200 E Southern Ave Unit 204
- 200 E Southern Ave Unit 332
- 200 E Southern Ave Unit 270
- 200 E Southern Ave Unit 236
- 200 E Southern Ave Unit 303
- 200 E Southern Ave Unit 334
- 200 E Southern Ave Unit 223
- 200 E Southern Ave Unit 125
- 200 E Southern Ave Unit 102
- 3224 S El Camino Dr
- 327 E Huntington Dr
- 410 E Southern Ave
- 309 E Pebble Beach Dr
- 326 E Pebble Beach Dr
- 224 E La Jolla Dr
- 233 E Cairo Dr
- 3847 S Mill Ave Unit 26
- 408 E La Jolla Dr
- 200 E Southern Ave Unit 339
- 200 E Southern Ave Unit 118
- 200 E Southern Ave Unit 241
- 200 E Southern Ave Unit 258
- 106 E Geneva Dr
- 132 E Pebble Beach Dr
- 123 E Erie Dr
- 3312 S Ventura Dr
- 508 E Pebble Beach Dr
- 508 E Pebble Beach Dr
- 3937 S Mill Ave
- 523 E Malibu Dr
- 3730 S Mill Ave
- 531 E Laguna Dr
- 121 E Santa Cruz Dr
- 145 E Santa Cruz Dr
- 121 W Balboa Dr
- 505 E Hermosa Dr
- 4130 S Mill Ave
- 313 E Riviera Dr
Ask me questions while you tour the home.