NOT LISTED FOR SALE

401 W 11th St Tempe, AZ 85281

Mitchell Park East Neighborhood

Estimated Value: $554,929 - $633,000

-- Bed
2 Baths
1,756 Sq Ft
$338/Sq Ft Est. Value

Last Sold February 12, 2016

Last sale price $275,000 $157 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,571/month

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of February 2016

LOCATION, LOCATION, LOCATION! Walking distance to Arizona State University & Mill Avenue. Close to light rail, freeways, shopping, and restaurants. Great opportunity in highly desired Tempe location. Big lot with expansion opportunity. Two units consisting of 2 bedroom 1 bath, and 1 bedroom, 1 bath. Prices to sell!

Last Listed By

Timothy Risley

Heritage Success Realty LLC License #SA632255000 Listed on: 02/01/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,342

Year Built

  • Built in 1950

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 4
  • Assessor Parcel Number 124-70-065

Community Details

Overview

  • 2 Units
  • Building Dimensions are TBD
  • Val Verde Plat 1 Subdivision

Building Details

  • Operating Expense $2,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,342

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Mill & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2015
  • Directions: From Mill Ave & University, West on University, South on Farmer. Property, southwest Corner of 11th St. and Farmer.
  • Road Surface Type: Asphalt
  • Subdivision Name: VAL VERDE PLAT 1
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: TBD
  • Additional Parcels: No
  • Parcel #: 124-70-065

Multi Family

  • Owner Pays: Other, See Remarks, Water
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Operating Expense: 2342.0

Tax Info

  • Tax Annual Amount: 2342.0
  • Tax Book Number: 124.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2016
Closed on
Feb 12, 2016
Sold by
Burke Marah A
Bought by
Switzer Ralph
Seller's Agent
Timothy Risley
Heritage Success Realty LLC
Buyer's Agent
John Angelo
Compass
List Price
$219,000
Sold Price
$275,000
Premium/Discount to List
$56,000
25.57%
Total Days on Market
3
Current Estimated Value
$593,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,732
Avg. Annual Appreciation
8.83%

Purchase Details

Listed on
Feb 1, 2016
Closed on
Feb 6, 2016
Sold by
Mori Switzer Marielle and Switzer Ralph V
Bought by
Switzer Ralph V
Seller's Agent
Timothy Risley
Heritage Success Realty LLC
Buyer's Agent
John Angelo
Compass
List Price
$219,000
Sold Price
$275,000
Premium/Discount to List
$56,000
25.57%

Purchase Details

Closed on
Sep 5, 2007
Sold by
Burke William and Burke Thomasina
Bought by
Burke Marah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.27%
Mortgage Type
Unknown

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
Switzer Ralph $275,000 Dhi Title Agency
Switzer Ralph V -- Dhi Title Agency
Burke Marah A -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Marah A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2016 02/12/16 Sold $275,000 +25.6% $157 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $219,000 -- $125 / 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 $3,344 $29,857 -- --
2024 $3,304 $28,436 -- --
2023 $3,304 $47,100 $9,420 $37,680
2022 $3,170 $39,900 $7,980 $31,920
2021 $3,191 $36,560 $7,310 $29,250
2020 $3,095 $33,420 $6,680 $26,740
2019 $2,596 $24,950 $4,990 $19,960
2018 $2,531 $24,480 $4,890 $19,590
2017 $2,456 $21,130 $4,220 $16,910
2016 $2,439 $21,810 $4,360 $17,450
2015 $2,342 $19,430 $3,880 $15,550
Source: Public Records

Agents Affiliated with this Home

  • Timothy Risley

    Seller's Agent in 2016

    Timothy Risley

    Heritage Success Realty LLC

    (480) 329-9060

    1 in this area

    68 Total Sales

    Timothy Risley
    Section Image
  • John Angelo

    Buyer's Agent in 2016

    John Angelo

    Compass

    (602) 616-1455

    168 Total Sales

    John Angelo
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5392276

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-065

Arizona Maricopa County Tempe 85281 Mitchell Park East

401 W 11th St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 401 W 11th St, Tempe, AZ 85281 since 01 February 2016 and is currently estimated at $593,732, approximately $338 per square foot. This property was built in 1950. 401 W 11th St is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Noor Academy of Arizona.

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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