NOT LISTED FOR SALE

2034 E Southern Ave Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $5,245,758

-- Bed
-- Bath
24,121 Sq Ft
$217/Sq Ft Est. Value

Last Sold January 06, 2014

Last sale price $2,303,000 $95 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $32,854/month

293 Days on Market

Highlights

  • 2.42 Acre Lot
  • Wood Flooring
  • Partially Fenced Property

About This Home

As of January 2014

Southern Avenue Medical Center is a single level garden style feestanding office buildings (North & South building) that is masonry block with painted stucco and spanish tile roof accents. The property features quaint interior courtyards with mature landscaping. Parking is provided by surface and covered spaces at a healthy ration of 5.5 spaces per 1,000 square feet. Ample visitor parking found throughout the site. The buildings total 24,121 square feet with land area of 2.42 acres. The complex is 1.5 mies from Banner Desert Hospital with excellent access to Loop 101 and U.S. 60 Highway. Tenant profile includes professional services in medical related fields. Call listing agent for current rent rolls.

Last Listed By

Michael Wood

West USA Realty License #BR006078000 Listed on: 01/17/2013

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $54,200

Year Built

  • Built in 1973

Lot Details

  • 2.42 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned R-O

Home Design

  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 24,121 Sq Ft Home
  • Wood Flooring

Parking

  • 80 Open Parking Spaces
  • 130 Parking Spaces
  • 50 Covered Spaces

Utilities

  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 133-47-002-f

Community Details

Overview

  • 2 Buildings

Building Details

  • Operating Expense $111,310
  • Gross Income $4,442,200
  • Net Operating Income $203,480

Property Details

Property Type

Other

Est. Annual Taxes

$54,200

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Southern and McClintock
  • Property Type: Comm/Industry Sale
  • Zoning: R-O
  • Current Use: Mixed Use, Medical/Dental, Office
  • Number Of Buildings: 2
  • Year Built: 1973
  • Tax Year: 1212
  • Directions: Located on Southern Avenue - North side of the street between McClintock road and the 101 Freeway in Tempe.
  • Lot Size Acres: 2.42
  • Professional Management Expense: 14500.0
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: f
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Stucco, Block
  • Roof: Tile, Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 50.0
  • Open Parking Spaces: 80.0
  • Total Parking Spaces: 130.0
  • General Property Description:Covered Parking Spcs: 50.0
  • General Property Description:Uncvrd Parking Spcs: 80.0
  • General Property Description:Total Parking Spcs: 130.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water Source: City Franchise, Master Meter
  • Heating:Heat Pump2: Yes

Fee Information

  • Annual Water Sewer Expense: 12460.0

Lot Info

  • Lot Size Sq Ft: 105197.0
  • Additional Parcels: No
  • Parcel #: 133-47-002-f
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 7685.0
  • Annual Gross Income: 4442200.0
  • Insurance Expense: 4500.0
  • Maintenance Expense: 8400.0
  • Property Net Operating Income: 203480.0
  • Annual Operating Expense: 111310.0
  • Vacancy Allowance Rate: 15.0

Tax Info

  • Tax Annual Amount: 54200.0
  • Tax Book Number: 133.00
  • Tax Lot: 2
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2013
Closed on
Jan 3, 2014
Sold by
Southern Hub Llc
Bought by
United Realty M T A Llc
Seller's Agent
Michael Wood
West USA Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,600,000
Sold Price
$2,303,000
Premium/Discount to List
-$297,000
-11.42%
Total Days on Market
293
Current Estimated Value
$5,245,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,942,758
Avg. Annual Appreciation
7.58%
Original Mortgage
$1,617,000
Outstanding Balance
$1,246,399
Interest Rate
4.17%
Mortgage Type
Commercial
Estimated Equity
$4,049,135

Purchase Details

Closed on
Dec 28, 2011
Sold by
Rj 2034 Southernavenue Investors Llc
Bought by
Southern Hub Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2007
Sold by
Southern Avenue Medical Llc
Bought by
Rj 2034 Southern Avenue Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,120,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2001
Sold by
Mountain Valley Properties Inc
Bought by
Southern Avenue Medical Llc

Purchase Details

Closed on
Mar 9, 1999
Sold by
Holualoa Southern Avenue Medical Llc
Bought by
Kolar Richard

Purchase Details

Closed on
Mar 27, 1997
Sold by
Furuya Clarence O
Bought by
Holualoa Southern Avenue Medical Llc

Purchase Details

Closed on
Aug 29, 1996
Sold by
Furuya Lona L
Bought by
Furuya Clarence O and The Clarence O Furuya Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
8.2%

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
United Realty M T A Llc $2,303,000 Old Republic Title Agency
Southern Hub Llc $1,325,000 Magnus Title Agency
Rj 2034 Southern Avenue Investors Llc $530,000 Chicago Title Insurance Co
Southern Avenue Medical Llc $1,682,787 --
Southern Avenue Medical Llc $442,212 --
Kolar Richard -- --
Kolar Richard $2,125,000 Stewart Title & Trust
Holualoa Southern Avenue Medical Llc $1,422,000 Stewart Title & Trust
Furuya Clarence O -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open United Realty M T A Llc $1,617,000
Previous Owner Southern Hub Llc $1,050,000
Previous Owner Southern Hub Llc $510,000
Previous Owner Rj 2034 Southern Avenue Investors Llc $2,120,000
Previous Owner Furuya Clarence O $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2014 01/06/14 Sold $2,303,000 -11.4% $95 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $2,600,000 -- $108 / 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 $41,886 $362,592 -- --
2024 $42,635 $356,117 -- --
2023 $42,635 $866,371 $374,204 $492,167
2022 $42,100 $631,698 $163,450 $468,248
2021 $43,602 $650,142 $168,120 $482,022
2020 $42,278 $612,252 $173,538 $438,714
2019 $41,476 $538,722 $152,046 $386,676
2018 $40,446 $597,510 $190,134 $407,376
2017 $39,242 $419,670 $176,058 $243,612
2016 $38,966 $357,732 $153,090 $204,642
2015 $38,465 $308,266 $116,513 $191,753
Source: Public Records

Agents Affiliated with this Home

  • Michael Wood

    Seller's Agent in 2014

    Michael Wood

    West USA Realty

    (602) 790-0190

    2 Total Sales

    Michael Wood
    Section Image

  • N

    Buyer's Agent in 2014

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4876137

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-47-002F

Arizona Maricopa County Tempe 85282 Alameda

2034 E Southern Ave, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 2034 E Southern Ave, Tempe, AZ 85282 since 17 January 2013 and is currently estimated at $5,245,758, approximately $217 per square foot. This property was built in 1973. 2034 E Southern Ave is a home located in Maricopa County with nearby schools including Curry 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

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