NOT LISTED FOR SALE

316 E Broadway Ln Tempe, AZ 85282

Downtown Tempe Neighborhood

Estimated Value: $550,000 - $585,839

3 Beds
2 Baths
1,947 Sq Ft
$292/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $565,000 $290 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,176/month

Highlights

  • The property is located in a historic district
  • Vaulted Ceiling
  • No HOA
  • 0.2 Acre Lot
  • 1 Fireplace
  • 5-minute walk to Daley Park

About This Home

As of July 2024

THIS ONE WILL NOT LAST LONG - RUN DON'T WALK! Calling all investors and flippers, this property is located within walking distance to ASU, and offers endless opportunities. It is perfect for a spec builder that wants an exceptional flip opportunity, an investor that is looking to add to their rental portfolio or it can be converted into a mid-century modern masterpiece for an end user that intends to create their custom, dream home.

This charming, single-story home boasts a flexible floor plan and a lot of updating options. The vaulted redwood tongue and groove ceilings along with an abundance of natural light are the perfect combination for updated inspiration. This house has 3 bedrooms (it can easily be converted to a 4 bedroom for a rental property) and 2 full baths with ample closet space. There is even a wood burning fireplace.

Perched upon a generous shaded lot, with mature trees and plenty of space to expand, this home has a lot of character and curb appeal. It has various patio spaces, a two-car garage and enjoys easy access to ASU, shopping, dining and the major highways.

Last Agent to Sell the Property

Cindy Metz

Russ Lyon Sotheby's International Realty License #SA579643000 Listed on: 06/21/2024

Russ Lyon Sotheby's International Realty

Co-Listed By

Kathy Reisdorf

Russ Lyon Sotheby's International Realty License #SA574840000

Last Buyer's Agent

Scott Jarson

AZArchitecture/Jarson & Jarson License #SA031457000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,927

Year Built

  • Built in 1954

Lot Details

  • 8,607 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Fixer Upper
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 1,947 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Concrete Flooring
  • Built-In Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Broadmor Elementary School
  • Connolly Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • University Terrace Subdivision

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 133-15-037

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,927

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Broadway Rd. and College Ave.
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1954
  • Tax Year: 2023
  • Directions: Head west on Broadway Rd from intersection at Rural, right on College, right on E Encanto Drive that turns into S El Camino Drive, bear left on E Broadway Lane (feeder street) next to E Broadway Rd.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.2
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: University Terrace
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Concrete
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, No Interior Steps, Vaulted Ceiling(s), Wet Bar, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1947.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Historic District: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Other, Block
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Front, Alley, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Irrigation Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Block
  • Patio And Porch Features: Patio
  • Property Condition: Fixer
  • Roof: Foam
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Historic District
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8607.0
  • Parcel #: 133-15-037

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1927.0
  • Tax Book Number: 133.00
  • Tax Lot: 35
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 25, 2024
Sold by
Montgomery John Randolph
Bought by
Smidt Harrison G
Seller's Agent
Cindy Metz
Russ Lyon Sotheby's International Realty
Buyer's Agent
Scott Jarson
AZArchitecture/Jarson & Jarson
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%
Views
17
Current Estimated Value
$568,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,210
Avg. Annual Appreciation
1.30%
Original Mortgage
$536,750
Outstanding Balance
$533,122
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$40,514

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jun 19, 2024
Sold by
Montgomery John Sherman and Montgomery John Randolph
Bought by
Montgomery John Sherman
Seller's Agent
Cindy Metz
Russ Lyon Sotheby's International Realty
Buyer's Agent
Scott Jarson
AZArchitecture/Jarson & Jarson
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,750
Outstanding Balance
$533,122
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$40,514

Purchase Details

Closed on
Jul 1, 2008
Sold by
Tap Elissa M
Bought by
Montgomery John Sherman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
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
Smidt Harrison G $565,000 Old Republic Title Agency
Montgomery John Sherman -- None Listed On Document
Montgomery John Sherman -- Empire Title Agency Az Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smidt Harrison G $536,750
Previous Owner Montgomery John Sherman $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $565,000 -1.7% $290 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $575,000 -- $295 / 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 $1,951 $20,148 -- --
2024 $1,927 $19,188 -- --
2023 $1,927 $47,930 $9,580 $38,350
2022 $1,841 $33,330 $6,660 $26,670
2021 $1,877 $31,600 $6,320 $25,280
2020 $1,814 $30,180 $6,030 $24,150
2019 $1,780 $26,620 $5,320 $21,300
2018 $1,732 $26,570 $5,310 $21,260
2017 $1,678 $26,510 $5,300 $21,210
2016 $1,670 $25,600 $5,120 $20,480
2015 $1,615 $21,650 $4,330 $17,320
Source: Public Records

Agents Affiliated with this Home

  • Cindy Metz

    Seller's Agent in 2024

    Cindy Metz

    Russ Lyon Sotheby's International Realty

    (602) 803-2293

    1 in this area

    134 Total Sales

    Cindy Metz
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Kathy Reisdorf

    Russ Lyon Sotheby's International Realty

    (480) 797-4977

    1 in this area

    94 Total Sales

    Kathy Reisdorf
    Section Image
  • Scott Jarson

    Buyer's Agent in 2024

    Scott Jarson

    AZArchitecture/Jarson & Jarson

    (480) 254-7510

    1 in this area

    128 Total Sales

    Scott Jarson
    Section Image

  • A

    Buyer Co-Listing Agent in 2024

    Alex Jarson

    AZArchitecture/Jarson & Jarson

    (480) 652-9561

    1 in this area

    12 Total Sales

    Alex Jarson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6721817

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-15-037

Arizona Maricopa County Tempe 85281 Downtown Tempe

316 E Broadway Ln, Tempe, AZ

This home is located at 316 E Broadway Ln, Tempe, AZ 85282 since 21 June 2024 and is currently estimated at $568,210, approximately $291 per square foot. This property was built in 1954. 316 E Broadway Ln 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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