NOT LISTED FOR SALE

405 W 7th St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $509,000 - $553,000

3 Beds
2 Baths
1,348 Sq Ft
$394/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $560,000 $415 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,944/month

108 Days on Market

Highlights

  • Above Ground Spa
  • No HOA
  • Double Pane Windows
  • 0.26 Acre Lot
  • Eat-In Kitchen
  • Tile Flooring

About This Home

As of October 2023

This is a Rare Investment and special chance for a developer to buy a extra large lot. Opportunity for developing a 4 plex! Fantastic neighborhood in the midst of Redevelopment! Close to Mill Ave & University and all it has to offer! Great potential for many different uses. Two existing structures A garage with water and sewer ran to it. Plus a 1982 3 bedroom house.City of Tempe confirms plans for a 6 plex submit for approva! Over1/4 acre 11250 plus sq ft lot! This property is in an Opportunity Zone in Tempe. 2 Parcels/Lots: 124-33-045 and 124-33-044

Last Agent to Sell the Property

Robert Bobber

West USA Realty License #SA662632000 Listed on: 11/18/2022

West USA Realty

Last Buyer's Agent

DiAna Martinez

HomeSmart License #SA658501000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,200

Year Built

  • Built in 1982

Lot Details

  • 0.26 Acre Lot
  • Block Wall Fence
  • Grass Covered Lot

Parking

  • 8 Open Parking Spaces
  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,348 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Schools

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

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Cable TV Available

Additional Features

  • Above Ground Spa
  • Property is near bus stop

Community Details

  • No Home Owners Association
  • Association fees include no fees

Listing and Financial Details

  • Legal Lot and Block 3 / 400
  • Assessor Parcel Number 124-33-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,200

Year Built

Built in 1982

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Cross Street: Mill and University
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: unk
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Basement: N
  • Items Updated Ht Cool Yr Updated: 2018
  • Legal Info Plat: 12
  • Parking Spaces Slab Parking Spaces: 8.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1982
  • Tax Year: 2022
  • Master Model: unk
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.26
  • Subdivision Name: none
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 415.43
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Basement YN: No
  • Spa Features: Above Ground
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Full Bth Master Bdrm, Laminate Counters
  • Living Area: 1348.0
  • Stories: 1
  • Window Features: Low-Emissivity Windows, Dual Pane, Vinyl Frame
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Dirt Back, Grass Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Carport Spaces: 1.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 8.0

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Amenities: Not Managed
  • 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: 11250.0
  • Parcel #: 124-33-045
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 2200.0
  • Tax Block: 400
  • Tax Book Number: 124.00
  • Tax Lot: 3
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Oct 31, 2023
Sold by
Myron F Lamb Living Trust
Bought by
Huber Jeffrey Allan
Seller's Agent
Robert Bobber
West USA Realty
Buyer's Agent
DiAna Martinez
HomeSmart
List Price
$799,900
Sold Price
$560,000
Premium/Discount to List
-$239,900
-29.99%
Views
276
Current Estimated Value
$531,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,973
Avg. Annual Appreciation
-2.26%
Original Mortgage
$374,500
Outstanding Balance
$366,193
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$164,834
Source: Public Records
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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
Huber Jeffrey Allan $535,000 Pioneer Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huber Jeffrey Allan $374,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $560,000 -13.8% $415 / Sq Ft
09/16/2023 09/16/23 Price Changed $650,000 -16.1% $482 / Sq Ft
08/06/2023 08/06/23 Price Changed $775,000 -3.1% $575 / Sq Ft
04/28/2023 04/28/23 Price Changed $799,900 0.0% $593 / Sq Ft
04/28/2023 04/28/23 For Sale $799,900 -11.1% $593 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
11/18/2022 11/18/22 For Sale $899,900 -- $668 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,493 $23,911 -- --
2024 $2,287 $22,772 -- --
2023 $2,287 $46,980 $7,380 $39,600
2022 $2,184 $37,120 $5,830 $31,290
2021 $2,227 $34,230 $5,380 $28,850
2020 $2,153 $29,430 $4,620 $24,810
2019 $2,112 $22,750 $3,570 $19,180
2018 $2,055 $20,610 $3,240 $17,370
2017 $1,991 $17,930 $2,820 $15,110
2016 $1,982 $16,580 $2,600 $13,980
2015 $1,917 $16,680 $2,620 $14,060
Source: Public Records

Agents Affiliated with this Home

  • Robert Bobber

    Seller's Agent in 2023

    Robert Bobber

    West USA Realty

    (480) 612-3131

    1 in this area

    17 Total Sales

    Robert Bobber
    Section Image

  • D

    Buyer's Agent in 2023

    DiAna Martinez

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6491308

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-045

Arizona Maricopa County Tempe 85281 Downtown Tempe

405 W 7th St, Tempe, AZ

Not Listed for Sale

Detached

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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