$95,000
SOLD SEP 4, 2013
-- Bed
-- Bath
1,400 Sq Ft
1954 Built

Recently Sold

$68 Per Sq Ft

4% Below List Price

1 Day on Market

Highlights

  • Multiple cooling system units
  • Community Playground
  • 1-minute walk to Stapley Park
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of July 2014

Fantastic investment opportunity! Located in the desirable Tempe Historical District directly across from a school and lush park. Spacious and bright units are very easy to maintain. Newer A/C units. Both units already rented out at $535/month each! Thats over $1,000/month of income! Don't miss this out on this investment opportunity!

Last Agent to Sell the Property

Philip Nardone

Just Referrals Real Estate License #SA641771000 Listed on: 08/20/2013

Last Buyer's Agent

Elliot Barkan

Compass License #SA624021000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1954

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 138-30-040

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.17 acres / 7,350 sf
  • Heward Tract Temple Historic District Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $3,178
  • Net Operating Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$718

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Broadway & Mesa Dr.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Year Built: 1954
  • Tax Year: 2010
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: Heward Tract -TEMPLE HISTORIC DISTRICT
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 1560.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 0.17 acres / 7,350 sf
  • Additional Parcels: No
  • Parcel #: 138-30-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Insurance Expense: 300.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 11400.0
  • Annual Operating Expense: 3178.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 718.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2017
Sold by
Alonso Carlos Sergio and Farias Yesenia Chavez
Bought by
Alonso Carlos Sergio and Farias Yesenia Chavez

Purchase Details

Closed on
Nov 9, 2017
Sold by
Ugarte Sergio A Alonso
Bought by
Alonso Carlos Sergio and Farias Yesenia Chavez

Purchase Details

Listed on
Jun 4, 2014
Closed on
Jul 11, 2014
Sold by
Eb Rentals Llc
Bought by
Ugarte Sergio A Alonso
Seller's Agent
Elliot Barkan
Compass
Buyer's Agent
Raoul Loustaunau
eXp Realty
List Price
$109,900
Sold Price
$110,000
Premium/Discount to List
$100
0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$108,007
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 20, 2013
Closed on
Aug 28, 2013
Sold by
Dougan Stephen J
Bought by
Eb Rentals Llc
Seller's Agent
Philip Nardone
Just Referrals Real Estate
Buyer's Agent
Elliot Barkan
Compass
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.13%

Purchase Details

Closed on
Jun 27, 2011
Sold by
Fiske Lianne Joyce
Bought by
Dougan Stephen J

Purchase Details

Closed on
Jun 9, 2009
Sold by
Us Bank National Association
Bought by
Fiske Lianne Joyce

Purchase Details

Closed on
Apr 8, 2009
Sold by
Flores Ignacia
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 25, 2006
Sold by
Flores Manuel M
Bought by
Flores Ignacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.95%
Mortgage Type
Balloon

Purchase Details

Closed on
May 9, 2006
Sold by
Rao J Jesus Moreno
Bought by
Demoreno Ma Del Carmen Valentin

Purchase Details

Closed on
Apr 28, 2006
Sold by
Flores Manuel M
Bought by
Flores Ignacia

Purchase Details

Closed on
Apr 24, 2006
Sold by
Estate Of Adolfo Bahena Valentin and Flores Ignacia
Bought by
Flores Ignacia and Deldemoreno Ma Del

Purchase Details

Closed on
Sep 26, 2000
Sold by
Harrison Garrett and Harrison Kiresten
Bought by
Valentin Adolfo B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,787
Interest Rate
7.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 7, 1995
Sold by
Trendler Terry and Trendler Katherine C
Bought by
Harrison Garrett and Harrison Kiresten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100
Interest Rate
7.92%
Mortgage Type
Assumption
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Warranty Deed $110,000 Millennium Title
Cash Sale Deed $95,000 Magnus Title Agency
Cash Sale Deed $75,000 Security Title Agency
Cash Sale Deed $55,000 First American Title Ins Co
Trustee Deed $87,000 Accommodation
Interfamily Deed Transfer -- Premier Title Group Maricopa
Warranty Deed -- Premier Title Group Maricopa
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $88,900 Transnation Title Insurance
Joint Tenancy Deed $34,363 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $102,000 New Conventional
Previous Owner $107,791 FHA
Previous Owner $108,007 FHA
Previous Owner $160,000 Balloon
Previous Owner $85,077 FHA
Previous Owner $85,787 Seller Take Back
Previous Owner $100 Assumption
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $425,000 +286.4% --
07/23/2014 07/23/14 Sold $110,000 +0.1% $79 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $109,900 +15.7% $79 / Sq Ft
09/04/2013 09/04/13 Sold $95,000 -4.0% $68 / Sq Ft
08/21/2013 08/21/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $99,000 -- $71 / 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 $744 $7,582 -- --
2024 $750 $7,221 -- --
2023 $750 $24,550 $4,910 $19,640
2022 $735 $18,360 $3,670 $14,690
2021 $744 $15,170 $3,030 $12,140
2020 $734 $13,550 $2,710 $10,840
2019 $686 $11,760 $2,350 $9,410
2018 $658 $9,620 $1,920 $7,700
2017 $639 $8,530 $1,700 $6,830
2016 $627 $7,650 $1,530 $6,120
2015 $589 $6,800 $1,360 $5,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4985980

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-30-040