$480,000
SOLD JUL 15, 2025
2 Beds
1 Bath
1,000 Sq Ft
6,500 Sq Ft Lot

Recently Sold

$480 Per Sq Ft

11 Days on Market

Highlights

  • Corner Lot
  • Fireplace
  • Central Air
  • No HOA
  • Eat-In Kitchen
  • High Speed Internet

About This Home

As of July 2025

Investors Dream! A corner lot in the desirable Farmer Arts District near Downtown Tempe. 2 homes currently on property but true value is in the land and location. Front house is a 2 bed 1 bath with tenant in place. Rear is a studio unit with tenant in place.

Last Agent to Sell the Property

Rea Rowles

eXp Realty License #SA654098000 Listed on: 06/12/2025

eXp Realty

Last Buyer's Agent

Nick Bastian

Realty Executives Arizona Territory License #SA045994000

Realty Executives Arizona Territory

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1935

Lot Details

  • 6,500 Sq Ft Lot
  • Wood Fence
  • Corner Lot

Parking

  • 4 Open Parking Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

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

Farming

  • Flood Irrigation

Utilities

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

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Val Verde Plat 1 Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 124-70-064

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,255

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: University Dr & Mill Ave
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1935
  • Tax Year: 2024
  • Directions: From AZ-202, head south to Priest Dr, turn left onto W University Dr, turn right onto S Roosevelt St, at traffic circle, take 3rd exit onto W 11th St. Property will be on the left.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.15
  • Subdivision Name: VAL VERDE PLAT 1
  • Property Attached Yn: No
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Other
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Eat-in Kitchen
  • Living Area: 1000.0
  • Stories: 1
  • Kitchen Features:None42: Yes

Exterior Features

  • Fencing: Wood
  • Lot Features: Corner Lot, Flood Irrigation
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • 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: 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

  • Land Lease: No
  • Lot Size Sq Ft: 6500.0
  • Parcel #: 124-70-064

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2255.0
  • Tax Book Number: 124.00
  • Tax Lot: 3
  • Tax Map Number: 70.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2025
Closed on
Jun 24, 2025
Sold by
Collegetown Development Holdings Llc
Bought by
Farmer 404 Llc
Seller's Agent
Rea Rowles
eXp Realty
Buyer's Agent
Nick Bastian
Realty Executives Arizona Territory
List Price
$480,000
Sold Price
$480,000
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.65%
Original Mortgage
$400,400
Outstanding Balance
$400,062
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$75,415

Purchase Details

Closed on
May 9, 2019
Sold by
Witt Glenn A
Bought by
Collegetown Development Holdings Llc

Purchase Details

Closed on
Apr 11, 2019
Sold by
Witt Glenn A
Bought by
Collegetown Development Holdings Llc
Source: Public Records

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Range of Values:

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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
Warranty Deed $480,000 First American Title Insurance
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Sold $480,000 0.0% $480 / Sq Ft
06/12/2025 06/12/25 For Sale $480,000 -- $480 / 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 $2,255 $20,131 -- --
2024 $2,228 $19,172 -- --
2023 $2,228 $39,000 $7,800 $31,200
2022 $2,137 $32,110 $6,420 $25,690
2021 $2,152 $29,370 $5,870 $23,500
2020 $2,086 $26,130 $5,220 $20,910
2019 $2,047 $21,350 $4,270 $17,080
2018 $1,996 $20,730 $4,140 $16,590
2017 $1,937 $17,600 $3,520 $14,080
2016 $1,923 $19,880 $3,970 $15,910
2015 $1,847 $16,810 $3,360 $13,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6881710

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-064