NOT LISTED FOR SALE

417 S Mitchell Dr Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $820,815 - $1,063,000

1 Bed
-- Bath
2,912 Sq Ft
$312/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $300,000 $103 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $5,162/month

63 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available

About This Home

As of April 2014

Well-maintained fourplex in the heart of Tempe. Convenient to shopping, ASU main campus and freeways. Excellent income property opportunity.

New roof installed in February of 2014.

100% occupied - do not disturb tenants.

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 01/12/2014

ProSmart Realty

Co-Listed By

Melody Bramer

Keller Williams Integrity First License #SA526989000

Last Buyer's Agent

Ron Fedri

HomeSmart License #BR007057000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Year Built

  • Built in 1972

Lot Details

  • 7,231

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 124-31-038

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70 x 103
  • Monterrey Village Subdivision

Building Details

  • Operating Expense $18,385
  • Gross Income $22,572
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Hardy & 5th Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2013
  • Directions: From University Drive, north on Roosevelt Street to 5th Street, west to Mitchell, north to property on east side of Mitchell.
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 1659.0
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: Monterrey Village
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1986.0

Lot Info

  • Lot Size: 70 x 103
  • Additional Parcels: No
  • Parcel #: 124-31-038

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1040.0
  • Annual Gross Income: 22572.0
  • Insurance Expense: 1115.0
  • Maintenance Expense: 9680.0
  • Property Net Operating Income: 15000.0
  • Annual Operating Expense: 18385.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1865.0
  • Tax Book Number: 124.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2020
Sold by
Equity Trust Company
Bought by
Thanks And Praise Llc
Current Estimated Value
$907,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,730
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 12, 2014
Closed on
Apr 14, 2014
Sold by
Lee Sam L
Bought by
Equity Trust Company
Seller's Agent
George Bliss
ProSmart Realty
Buyer's Agent
Ron Fedri
HomeSmart
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
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 Buyer Sale Price Title Company
Thanks And Praise Llc $603,000 Lawyers Title Of Arizona Inc
Equity Trust Company $300,000 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thanks And Praise Llc $881,730
Previous Owner Lee Sam Louis $566,442
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2014 04/25/14 Sold $300,000 -6.3% $103 / Sq Ft
03/16/2014 03/16/14 Pending -- -- --
01/12/2014 01/12/14 For Sale $320,000 -- $110 / 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 $2,729 $24,364 -- --
2024 $2,696 $23,204 -- --
2023 $2,696 $72,910 $14,580 $58,330
2022 $2,586 $57,870 $11,570 $46,300
2021 $2,604 $47,880 $9,570 $38,310
2020 $2,525 $42,370 $8,470 $33,900
2019 $2,477 $35,100 $7,020 $28,080
2018 $2,416 $26,260 $5,250 $21,010
2017 $2,344 $25,160 $5,030 $20,130
2016 $2,327 $23,630 $4,720 $18,910
2015 $2,235 $23,670 $4,730 $18,940
Source: Public Records

Agents Affiliated with this Home

  • George Bliss

    Seller's Agent in 2014

    George Bliss

    ProSmart Realty

    (480) 807-8237

    12 Total Sales

    George Bliss
    Section Image
  • Melody Bramer

    Seller Co-Listing Agent in 2014

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    20 Total Sales

    Melody Bramer
    Section Image
  • Ron Fedri

    Buyer's Agent in 2014

    Ron Fedri

    HomeSmart

    (602) 369-7994

    28 Total Sales

    Ron Fedri
    Section Image

  • R

    Buyer's Agent in 2014

    Ronald Fedri

    Realty Executives

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5052969

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-31-038

Arizona Maricopa County Tempe 85281 Riverside

417 S Mitchell Dr, Tempe, AZ

This home is located at 417 S Mitchell Dr, Tempe, AZ 85281 since 12 January 2014 and is currently estimated at $907,454, approximately $311 per square foot. This property was built in 1972. 417 S Mitchell Dr is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

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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