Seller's Agent in 2025
Bryce Neagle
ABI Multifamily
(602) 714-1400
2 in this area
26 Total Sales
405 S Priest Dr Tempe, AZ 85281
Sunset Neighborhood
--
Bed
--
Bath
2,656
Sq Ft
1961
Built
Highlights
- Cooling Available
- Vinyl Flooring
- Heating Available
About This Home
As of June 2025Seller financing available! This well-maintained, value-add 10-unit property consists of three contiguous parcels, two addressed 405 S Priest Dr (APNs 124-28-031-C and 124-28-031-B) as well as 1325 W 4th St (APN 124-28-030), offering multiple exit strategies for a buyer. Electric has been redone and plumbing lines have been partially redone since current ownership. The property features a healthy unit mix of (8) one-bed / one-bath units and (2) two-bed / one-bath units. On-site parking is available for the tenants. There is a small courtyard area between the 4-plexes and a sizable backyard behind the duplex. All leases are month-to-month or ending soon, so great opportunity for immediate value-add in both interior and exterior renovations. Less than two miles from downtown Tempe and ASU.
Last Agent to Sell the Property
ABI Multifamily License #SA693849000 Listed on: 11/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,289
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- On-Street Parking
Utilities
- Cooling Available
- Heating Available
Additional Features
- Vinyl Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 8
- Assessor Parcel Number 124-28-031-C
Community Details
Overview
- 3 Buildings
- 10 Units
- Building Dimensions are Rectangular
Building Details
- Operating Expense $20,789
- Gross Income $98,040
- Net Operating Income $80,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2024
Closed on
Jun 27, 2025
Sold by
Mtb Invest Llc
Bought by
Vargas Jose Luis and Vargas Sebastian Vargas
Seller's Agent
Bryce Neagle
ABI Multifamily
Buyer's Agent
Ana Velazquez
Realty ONE Group
List Price
$849,000
Sold Price
$820,000
Premium/Discount to List
-$29,000
-3.42%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
96.00%
Original Mortgage
$653,500
Outstanding Balance
$653,500
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$297,351
Purchase Details
Listed on
Nov 6, 2023
Closed on
Mar 25, 2024
Sold by
Tempe Property Llc
Bought by
Mtb Invest Llc
Seller's Agent
Colin Kreager
ABI Multifamily
Buyer's Agent
Bryce Neagle
ABI Multifamily
List Price
$1,995,000
Sold Price
$1,810,000
Premium/Discount to List
-$185,000
-9.27%
Views
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-46.66%
Original Mortgage
$643,500
Interest Rate
6.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 29, 2013
Sold by
Asg Global Holdings Llc
Bought by
Tempe Property Llc
Purchase Details
Closed on
Jul 18, 2007
Sold by
Zigdon Gadi
Bought by
Asg Global Holdings Llc
Purchase Details
Closed on
Apr 10, 2006
Sold by
Estrella Mountain Produce Co Inc
Bought by
Zigdon Gadi
Purchase Details
Closed on
Sep 1, 2000
Sold by
Priest & Fourth I Llc
Bought by
Farnsworth Curtis B and Farnsworth Denise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,800
Interest Rate
8.2%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $820,000 | Title Services Of The Valley | |
| Warranty Deed | $715,000 | None Listed On Document | |
| Cash Sale Deed | $115,000 | None Available | |
| Warranty Deed | -- | Arizona Title Agency Inc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $320,000 | Arizona Title Agency Inc | |
| Joint Tenancy Deed | $148,500 | Arizona Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $653,500 | New Conventional | |
| Previous Owner | $132,000 | New Conventional | |
| Previous Owner | $643,500 | New Conventional | |
| Previous Owner | $82,500 | No Value Available | |
| Previous Owner | $118,800 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Sold | $820,000 | -3.0% | $309 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $845,000 | -0.5% | $318 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $849,000 | +3.5% | $320 / Sq Ft |
| 03/25/2025 03/25/25 | Off Market | $820,000 | -- | -- |
| 01/24/2025 01/24/25 | Price Changed | $849,000 | -0.1% | $320 / Sq Ft |
| 01/02/2025 01/02/25 | Price Changed | $849,900 | 0.0% | $320 / Sq Ft |
| 01/02/2025 01/02/25 | For Sale | $849,900 | +3.6% | $320 / Sq Ft |
| 12/23/2024 12/23/24 | Off Market | $820,000 | -- | -- |
| 12/11/2024 12/11/24 | Price Changed | $874,000 | -0.1% | $329 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $874,900 | 0.0% | $329 / Sq Ft |
| 11/12/2024 11/12/24 | Price Changed | $875,000 | -2.2% | $329 / Sq Ft |
| 11/01/2024 11/01/24 | Price Changed | $894,800 | 0.0% | $337 / Sq Ft |
| 10/17/2024 10/17/24 | Price Changed | $894,900 | 0.0% | $337 / Sq Ft |
| 10/02/2024 10/02/24 | Price Changed | $895,000 | -3.2% | $337 / Sq Ft |
| 09/19/2024 09/19/24 | Price Changed | $924,900 | 0.0% | $348 / Sq Ft |
| 09/10/2024 09/10/24 | Price Changed | $925,000 | 0.0% | $348 / Sq Ft |
| 09/03/2024 09/03/24 | Price Changed | $924,900 | +0.5% | $348 / Sq Ft |
| 09/03/2024 09/03/24 | Price Changed | $920,000 | -0.5% | $346 / Sq Ft |
| 08/06/2024 08/06/24 | For Sale | $925,000 | -48.9% | $348 / Sq Ft |
| 03/25/2024 03/25/24 | Sold | $1,810,000 | -9.3% | $681 / Sq Ft |
| 03/20/2024 03/20/24 | Price Changed | $1,995,000 | 0.0% | $751 / Sq Ft |
| 03/20/2024 03/20/24 | For Sale | $1,995,000 | 0.0% | $751 / Sq Ft |
| 01/18/2024 01/18/24 | Price Changed | $1,995,000 | -9.1% | $751 / Sq Ft |
| 01/03/2024 01/03/24 | Price Changed | $2,195,000 | -8.2% | $826 / Sq Ft |
| 11/07/2023 11/07/23 | For Sale | $2,390,000 | -- | $900 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,952 | $17,428 | -- | -- |
| 2024 | $1,929 | $16,599 | -- | -- |
| 2023 | $1,929 | $46,250 | $9,250 | $37,000 |
| 2022 | $1,850 | $38,720 | $7,740 | $30,980 |
| 2021 | $1,863 | $34,610 | $6,920 | $27,690 |
| 2020 | $1,806 | $30,970 | $6,190 | $24,780 |
| 2019 | $1,772 | $23,880 | $4,770 | $19,110 |
| 2018 | $1,728 | $19,770 | $3,950 | $15,820 |
| 2017 | $1,677 | $18,750 | $3,750 | $15,000 |
| 2016 | $1,665 | $15,830 | $3,160 | $12,670 |
| 2015 | $1,599 | $15,960 | $3,190 | $12,770 |
Source: Public Records
Agents Affiliated with this Home
-
Bryce Neagle
-
Andrew Arambula
Seller Co-Listing Agent in 2025
Andrew Arambula
ABI Multifamily
(602) 513-5200
1 in this area
51 Total Sales
-
Ana Velazquez
Buyer's Agent in 2025
Ana Velazquez
Realty One Group
(602) 446-0125
1 in this area
11 Total Sales
-
Colin Kreager
Seller's Agent in 2024
Colin Kreager
ABI Multifamily
(602) 714-1400
1 in this area
17 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6627699
APN: 124-28-031C
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.
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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