NOT LISTED FOR SALE

2011 S Forest Ave Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $603,000 - $987,000

6 Beds
1 Bath
820 Sq Ft
$994/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $955,000 $1,165 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $4,733/month

51 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating System Uses Natural Gas
  • Ceramic Tile Flooring

About This Home

As of February 2022

Amazing opportunity! 3 units in the heart of ASU/Tempe area! Large lot: over HALF AN ACRE! One Duplex, and one detached, stand alone house.
Each unit is approx. 830 - 847sqft, all have 2 bedrooms, 1 bathroom, nice kitchens, & great room.
Recent work has been done, newer roofs, newer AC units, water heaters, the Duplex was fully painted interior and exterior.
Landscape has been converted to awesome desert low maintenance, each unit has a large privately fenced back yard! Private car ports for each unit, and enough parking for at least 1 other vehicle at each unit without parking in street. Amazing turn key investment property! OR, eventually build a larger building with more units! The location could not be better!

Last Listed By

Paul Pietrzak

Arizona Haciendas Real Estate Co. License #BR638953000 Listed on: 11/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,948

Year Built

  • Built in 1958

Lot Details

  • 0.52

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • Broadmor Elementary School
  • Tempe Academy Of International Studies Mckemy Campus Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 133-23-001-B

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 233.57'-85.92'-243'-93'
  • Broadmoor Annex Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $1,948
  • Gross Income $36,993
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,948

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: BROADWAY AND MILL AVE
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: [M-H] [R-3]
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Directions: Traveling east on Broadway from Mill ave, turn south onto Forest ave. Property is on the left (east side) sign on property.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: azhn01
  • Co List Office Phone: 480-988-1020
  • Subdivision Name: BROADMOOR ANNEX
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: >1 Space Per Unit, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Tempe Academy Of International Studies McKemy Campus

Lot Info

  • Lot Size: 233.57'-85.92'-243'-93'
  • Additional Parcels: No
  • Parcel #: 133-23-001-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 36993.0
  • Property Net Operating Income: 36000.0
  • Annual Operating Expense: 1948.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1948.0
  • Tax Book Number: 133.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 18, 2022
Sold by
2011 S Forest Avenue Llc
Bought by
Upadrasta Prasad and Gollapalli Hari Krishna
Seller's Agent
Paul Pietrzak
Arizona Haciendas Real Estate Co.
Buyer's Agent
Kiran Vedantam
Kosh Realty
List Price
$1,000,000
Sold Price
$955,000
Premium/Discount to List
-$45,000
-4.5%
Total Days on Market
51
Current Estimated Value
$814,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,170
Avg. Annual Appreciation
-4.71%
Original Mortgage
$712,500
Outstanding Balance
$667,865
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$146,965

Purchase Details

Closed on
Oct 30, 2014
Sold by
Mary J Duffy Trust
Bought by
City Of Tempe

Purchase Details

Closed on
May 8, 2014
Sold by
Duffy Mary J
Bought by
2011 S Forest Avenue Llc

Purchase Details

Closed on
Jun 11, 2004
Sold by
Crenshaw Muzyka Helene
Bought by
Duffy Mary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.29%
Mortgage Type
New Conventional

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
Upadrasta Prasad $955,000 Pioneer Title
City Of Tempe -- None Available
2011 S Forest Avenue Llc -- None Available
Duffy Mary J $215,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Upadrasta Prasad $712,500
Closed Upadrasta Prasad $712,500
Previous Owner Duffy Mary J $168,000
Previous Owner Duffy Mary J $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $955,000 0.0% $1,165 / Sq Ft
11/29/2021 11/29/21 Rented $1,295 0.0% --
11/15/2021 11/15/21 For Sale $1,000,000 0.0% $1,220 / Sq Ft
11/08/2021 11/08/21 For Rent $1,295 +36.3% --
12/21/2016 12/21/16 Rented $950 0.0% --
10/31/2016 10/31/16 For Rent $950 0.0% --
07/26/2016 07/26/16 Rented $950 0.0% --
07/11/2016 07/11/16 Under Contract -- -- --
06/29/2016 06/29/16 For Rent $950 +11.8% --
04/30/2015 04/30/15 Rented $850 0.0% --
04/30/2015 04/30/15 Under Contract -- -- --
04/06/2015 04/06/15 For Rent $850 +6.3% --
07/18/2013 07/18/13 Rented $800 0.0% --
07/15/2013 07/15/13 Under Contract -- -- --
07/08/2013 07/08/13 For Rent $800 -- --
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 $2,060 $18,390 -- --
2024 $2,035 $17,515 -- --
2023 $2,035 $65,360 $13,070 $52,290
2022 $1,933 $50,210 $10,040 $40,170
2021 $1,948 $44,380 $8,870 $35,510
2020 $1,889 $39,910 $7,980 $31,930
2019 $1,853 $32,470 $6,490 $25,980
2018 $1,807 $26,330 $5,260 $21,070
2017 $1,752 $21,660 $4,330 $17,330
2016 $1,741 $20,510 $4,100 $16,410
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Paul Pietrzak

    Arizona Haciendas Real Estate Co.

    (480) 988-1020

    1 in this area

    34 Total Sales

    Paul Pietrzak
    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Trevor Hebb

    Arizona Haciendas Real Estate Co.

    Section Image
  • Kiran Vedantam

    Buyer's Agent in 2022

    Kiran Vedantam

    Kirans & Associates Realty

    (602) 550-4842

    4 in this area

    118 Total Sales

    Kiran Vedantam
    Section Image

  • B

    Buyer's Agent in 2021

    Brad Dye

    West USA Realty

    (623) 810-8897

    Section Image

  • J

    Seller's Agent in 2015

    John Brassfield

    Arizona Haciendas Real Estate Co.

    Section Image

  • J

    Seller Co-Listing Agent in 2013

    Joe M. Overton

    Arizona Farms, Homes & Insurance

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6321399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-23-001B

Arizona Maricopa County Tempe 85282 Alameda

2011 S Forest Ave, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 2011 S Forest Ave, Tempe, AZ 85282 since 15 November 2021 and is currently estimated at $814,830, approximately $993 per square foot. This property was built in 1958. 2011 S Forest Ave is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly Middle School, and Tempe 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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