NOT LISTED FOR SALE

2423 E Apache Blvd Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $1,547,000 - $1,967,017

0.95 Acre
$1,904,567 Price per Acre
41,382 Sq Ft Lot

Last Sold June 09, 2022

Last sale price $1,470,000

Est. 23% increase in value since last sale

Current estimated payment $10,538/month

1,279 Days on Market

About This Lot

As of June 2022

*Multi-Family Development Opportunity* This property is close to the Price Freeway and only steps away from the Price/101 Station of the Light Rail.

It has been previously occupied as a retail flower shop and has great potential for a new development of apartment or flex buildings. With the property being only a 4 mile Light Rail ride from ASU, 1 1/2 miles from Mesa Community College and Banner Desert Medical Center it can suit various business opportunities

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 10/27/2018

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 10/27/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,898

Lot Details

  • 0.95 Acre Lot
  • Property is zoned Commercial

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 134-35-034-C

Property Details

Property Type

Land

Est. Annual Taxes

$6,898

Lot Details

0

Listing Details

  • Cross Street: Price Freeway & Apache Blvd
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: Commercial
  • Tax Year: 2018
  • Directions: On SW corner of Price Road and Apache Boulevard
  • Lot Size Acres: 0.95
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Commercial

Exterior Features

  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 41460.0
  • Additional Parcels: No
  • Parcel #: 134-35-034-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6898.0
  • Tax Book Number: 134.00
  • Tax Lot: -
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Tempe Coalition and Affordable Hsn
Bought by
Tempe Community Action Agency Inc
Current Estimated Value
$1,809,339

Purchase Details

Closed on
Aug 18, 2022
Sold by
Tempe Canal Holdings Llc
Bought by
Tempe Coalition For Affordable Housing Inc

Purchase Details

Listed on
Oct 27, 2018
Closed on
Jun 7, 2022
Sold by
Johnson David L and Johnson Pamela
Bought by
Tempe Canal Holdings Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$2,000,000
Sold Price
$1,470,000
Premium/Discount to List
-$530,000
-26.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%

Purchase Details

Closed on
Jun 3, 2000
Sold by
Johnson David L and Johnson Pamela L
Bought by
Johnson David L and Johnson Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
8.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 2000
Sold by
Wilson Victor Devon and Wilson Janiece Ann
Bought by
Johnson David L and Johnson Pamela Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
8.24%
Mortgage Type
Seller Take Back
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
Tempe Community Action Agency Inc $2,053,638 Stewart Title & Trust Of Phoen
Tempe Coalition For Affordable Housing Inc $1,750,000 Stewart Title & Trust Of Phoen
Tempe Canal Holdings Llc $1,470,000 Old Republic Title
Johnson David L -- --
Johnson David L $234,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson David L $234,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $1,470,000 +1.4% --
04/27/2022 04/27/22 Pending -- -- --
01/24/2022 01/24/22 Price Changed $1,450,000 +11.5% --
01/10/2020 01/10/20 Price Changed $1,300,000 -13.3% --
10/03/2019 10/03/19 Price Changed $1,500,000 -25.0% --
10/26/2018 10/26/18 For Sale $2,000,000 -- --
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 -- $71,095 -- --
2024 $8,384 $69,185 -- --
2023 $8,384 $108,815 $76,203 $32,612
2022 $7,824 $97,946 $67,610 $30,336
2021 $7,921 $92,192 $62,148 $30,044
2020 $7,816 $78,502 $48,576 $29,926
2019 $7,259 $72,908 $42,717 $30,191
2018 $7,053 $70,539 $41,923 $28,616
2017 $6,822 $66,314 $38,817 $27,497
2016 $6,664 $58,865 $33,753 $25,112
2015 $6,377 $48,994 $29,925 $19,069
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2022

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    6 in this area

    126 Total Sales

    Don Mortensen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5839248

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-35-034C

Arizona Maricopa County Tempe 85281 Apache

2423 E Apache Blvd, Tempe, AZ

This home is located at 2423 E Apache Blvd, Tempe, AZ 85281 since 27 October 2018 and is currently estimated at $1,809,339. 2423 E Apache Blvd is a home located in Maricopa County with nearby schools including Webster Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary 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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