NOT LISTED FOR SALE

2505 E University Dr Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $475,473 - $688,000

-- Bed
-- Bath
1,716 Sq Ft
$325/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $310,000 $181 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,124/month

110 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • No Heating

About This Home

As of January 2019

FABULOUS Tempe duplex -- each unit is a 2 bedroom/2 bath. Back unit has all new flooring, paint, cabinets, granite, windows and new stainless steel appliances.
Other unit has tenants that have been there for 7 years. The roof was replaced two years ago, one AC is 1 year old and other AC is 4 years old. The exterior is freshly painted and units have new security doors. Conveniently located 1.9 miles away from ASU!

Last Agent to Sell the Property

Annette Sharp

HomeSmart Brokerage Phone: 602-628-6011 License #SA636147000 Listed on: 08/03/2018

HomeSmart

Last Buyer's Agent

Edgar Garibay

Planet Realty License #SA645474000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 1985

Lot Details

  • 7,797

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • On-Street Parking

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water
  • Legal Lot and Block 8 / 1
  • Assessor Parcel Number 135-43-008-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60 x 130.5
  • Victory Tract Subdivision

Building Details

  • Operating Expense $3,487
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$955

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University Dr & Loop 101
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2018
  • Directions: East to property.
  • Attribution Contact: 602-628-6011
  • Road Surface Type: Asphalt
  • Subdivision Name: VICTORY TRACT
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 60 x 130.5
  • Additional Parcels: No
  • Parcel #: 135-43-008-B

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 972.0
  • Property Net Operating Income: 24000.0
  • Annual Operating Expense: 3487.12

Tax Info

  • Tax Annual Amount: 955.12
  • Tax Block: 1
  • Tax Book Number: 135.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Dec 24, 2018
Sold by
Reiff William A and Reiff Jane L S
Bought by
Valenzuela Valenzuela Miguel Miguel and Valenzuela Angulo Diana Karen
Seller's Agent
Annette Sharp
HomeSmart
Buyer's Agent
Edgar Garibay
Planet Realty
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$556,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,868
Avg. Annual Appreciation
9.24%
Original Mortgage
$294,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2005
Sold by
Reiff William A and Reiff Jane L
Bought by
Reiff William A and Reiff Jane L

Purchase Details

Closed on
Jun 24, 2005
Sold by
Reiff William
Bought by
Reiff William and Reiff Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2005
Sold by
Freedom Living Inc
Bought by
Reiff William and Reiff William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2004
Sold by
Realty Check Llc
Bought by
Antestenis Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,700
Interest Rate
5.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2001
Sold by
Garcia Richard L and Garcia Paula S
Bought by
Antestenis Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,638
Interest Rate
6.91%
Mortgage Type
FHA
Source: Public Records

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
Valenzuela Valenzuela Miguel Miguel $310,000 Grand Canyon Title Agency
Reiff William A -- --
Reiff William -- Land Title Agency Of Az Inc
Reiff William $210,000 Arizona Title Agency Inc
Freedom Living Inc -- --
Antestenis Nicholas -- --
Realty Check Llc $175,000 Fidelity National Title
Antestenis Nicholas $120,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valenzuela Miguel $59,954
Open Valenzuela Miguel $298,000
Closed Valenzuela Valenzuela Miguel Miguel $294,500
Previous Owner Reiff William $219,000
Previous Owner Reiff William $210,000
Previous Owner Arnold Lee $41,700
Previous Owner Antestenis Nicholas $147,250
Previous Owner Antestenis Nicholas $118,638
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2019 01/04/19 Sold $310,000 +0.3% $181 / Sq Ft
12/31/2018 12/31/18 Price Changed $309,000 0.0% $180 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/12/2018 11/12/18 Price Changed $309,000 -0.3% $180 / Sq Ft
10/15/2018 10/15/18 For Sale $310,000 0.0% $181 / Sq Ft
10/15/2018 10/15/18 Price Changed $310,000 0.0% $181 / Sq Ft
08/14/2018 08/14/18 Off Market $310,000 -- --
08/03/2018 08/03/18 For Sale $298,000 -- $174 / 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 $1,079 $9,633 -- --
2024 $1,066 $9,174 -- --
2023 $1,066 $35,330 $7,060 $28,270
2022 $1,023 $22,970 $4,590 $18,380
2021 $1,030 $19,060 $3,810 $15,250
2020 $998 $17,410 $3,480 $13,930
2019 $979 $14,810 $2,960 $11,850
2018 $955 $12,250 $2,450 $9,800
2017 $927 $10,980 $2,190 $8,790
2016 $920 $10,300 $2,060 $8,240
2015 $884 $8,680 $1,730 $6,950
Source: Public Records

Agents Affiliated with this Home

  • Annette Sharp

    Seller's Agent in 2019

    Annette Sharp

    HomeSmart

    (602) 628-6011

    216 Total Sales

    Annette Sharp
    Section Image
  • Edgar Garibay

    Buyer's Agent in 2019

    Edgar Garibay

    Planet Realty

    (928) 261-9095

    31 Total Sales

    Edgar Garibay
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5801934

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-43-008B

Arizona Maricopa County Tempe 85281 Apache

2505 E University Dr, Tempe, AZ

This home is located at 2505 E University Dr, Tempe, AZ 85281 since 03 August 2018 and is currently estimated at $556,868, approximately $324 per square foot. This property was built in 1985. 2505 E University Dr is a home located in Maricopa County with nearby schools including Thew 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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