NOT LISTED FOR SALE

Estimated Value: $499,560 - $667,000

0.12 Acre
$4,955,333 Price per Acre
5,054 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $515,000

Est. 15% increase in value since last sale

Current estimated payment $3,325/month

25 Days on Market

About This Lot

As of March 2022

Custom home builders and developers LOOKING TO FOR BIG PROFITS - shovel ready project. Multi-family zoned lot downtown Tempe across from ASU, 75 feet from Mill Avenue, the new trolley line & Whole Foods. Architecturally designed 3k sq. ft, two story 2,200 sf main house w/800 sf rental apt above garage with separate outside stairway entrance. Lot is located in Tempe's most desirable downtown neighborhood and one block from the new Omni Hotel/ Convention center. Rental unit will bring in at least $2k a month or live in APT and get $4,500 a month for main house. Comps in the area value new construction at more than $425 per foot so good margin for custom home builders. Lot owner secured full city approval - pull building p

Last Agent to Sell the Property

Claudine Tseffos

HomeSmart License #SA540361000 Listed on: 02/17/2022

HomeSmart

Last Buyer's Agent

Claudine Tseffos

HomeSmart License #SA540361000 Listed on: 02/17/2022

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,225

Lot Details

  • 5,054 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned R-3

Eco-Friendly Details

  • North or South Exposure

Schools

  • Broadmor Elementary School
  • Mckemy Middle School
  • Tempe High School

Community Details

  • No Home Owners Association
  • Gage Add 23 26 Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 132-42-035

Property Details

Property Type

Land

Est. Annual Taxes

$2,225

Lot Details

0

Listing Details

  • Cross Street: Mill & University
  • Property Type: Land
  • Development Status: Plans Available, Plans Included
  • Zoning: R-3
  • Tax Year: 2020
  • Lot Size Acres: 0.12
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: GAGE ADD 23-26
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: Block
  • Lot Features: North/South Exp

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: 50x100
  • Lot Size Sq Ft: 5054.0
  • Additional Parcels: No
  • Parcel #: 132-42-035
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 132.00
  • Tax Lot: 1
  • Tax Map Number: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Atla Satish
Bought by
Gundappa Bhagyashree
Current Estimated Value
$594,640

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 23, 2022
Sold by
Tseffos Steven A
Bought by
Atla Satish
Seller's Agent
Claudine Tseffos
HomeSmart
Buyer's Agent
Claudine Tseffos
HomeSmart
List Price
$515,000
Sold Price
$515,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.81%

Purchase Details

Closed on
Feb 16, 2021
Sold by
Tseffos Claudine
Bought by
Tseffos Steven A

Purchase Details

Closed on
Dec 15, 2020
Sold by
Tseffos Claudine
Bought by
Tseffos Steven A

Purchase Details

Closed on
Aug 31, 2012
Sold by
Tseffos Claudine M
Bought by
Tseffos Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2012
Sold by
Hayes Warwick James and Hayes Marcia Scott
Bought by
Tseffos Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2000
Sold by
Bender Bender & Bender Llc
Bought by
Tseffos Steven A

Purchase Details

Closed on
Jul 22, 1998
Sold by
Rothwell Lisa E
Bought by
Hayes Warwick and Hayes Marcia
Source: Public Records

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
Gundappa Bhagyashree -- None Listed On Document
Atla Satish $515,000 New Title Company Name
Tseffos Steven A -- Old Republic Title Agency
Tseffos Steven A -- Old Republic Title Agency
Tseffos Steven A -- Grand Canyon Title Agency In
Tseffos Steven A $200,000 Grand Canyon Title Agency In
Tseffos Steven A -- --
Hayes Warwick $145,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tseffos Steven A $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $515,000 0.0% --
03/14/2022 03/14/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $515,000 -- --
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 $2,225 $19,864 $19,864 --
2024 $2,155 $18,918 $18,918 --
2023 $2,155 $41,680 $8,330 $33,350
2022 $2,067 $32,370 $6,470 $25,900
2021 $2,081 $28,200 $5,640 $22,560
2020 $2,018 $25,030 $5,000 $20,030
2019 $1,980 $19,930 $3,980 $15,950
2018 $1,931 $19,370 $3,870 $15,500
2017 $1,873 $16,430 $3,280 $13,150
2016 $1,860 $16,560 $3,310 $13,250
2015 $1,787 $14,730 $2,940 $11,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6357133

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-42-035