NOT LISTED FOR SALE

420 W 7th St Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $495,126 - $601,000

3 Beds
2 Baths
1,650 Sq Ft
$334/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $455,000 $276 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,104/month

30 Days on Market

Highlights

  • 0.19 Acre Lot
  • Tile Flooring
  • Wood Fence
  • No HOA
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of August 2021

Great Investor opportunity! So much potential in this lot and the adjoining lot which is also listed for sale - MLS#6006123. Most of the neighborhood is undergoing a redevelopment phase into Multi-family units. Don't miss out on this one! While you are in the permit and planning stage - this home is a great rental property. Tenants are month to month and would love to stay. Just blocks from downtown Tempe, ASU, and 10 minutes to the airport!

Last Agent to Sell the Property

Charlie Walters

Real Estate Brokers Intl License #BR029262000 Listed on: 06/17/2021

Co-Listed By

Rhonda Walters

Real Estate Brokers Intl License #SA100611000

Last Buyer's Agent

Blake Mallery

Compass License #SA680838000

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,056

Year Built

  • Built in 1954

Lot Details

  • 8,450 Sq Ft Lot
  • Wood Fence

Parking

  • 1 Carport Space

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Tavan Elementary School
  • Tempe Academy Of International Studies Mckemy Campus Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Orth Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Assessor Parcel Number 124-33-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,056

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: University & Farmer
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1954
  • Tax Year: 2020
  • Directions: North on Farmer to 7th St, West on 7th St to home on the right
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.19
  • Co List Office Mls Id: rebri01
  • Co List Office Phone: 480-756-0000
  • Subdivision Name: ORTH SUB
  • Property Attached Yn: No
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Concrete
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: 3/4 Bath Master Bdrm
  • Living Area: 1650.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes

Exterior Features

  • Fencing: Wood
  • Lot Features: Dirt Front, Dirt Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: 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: Tavan Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Tempe Academy Of International Studies McKemy Campus

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8450.0
  • Parcel #: 124-33-029

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 2056.0
  • Tax Block: 2
  • Tax Book Number: 124.00
  • Tax Lot: 11
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 23, 2021
Sold by
Reuter John T
Bought by
Equity Trust Company
Seller's Agent
Charlie Walters
Real Estate Brokers Intl
Buyer's Agent
Blake Mallery
Compass
List Price
$500,000
Sold Price
$455,000
Premium/Discount to List
-$45,000
-9%
Current Estimated Value
$551,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,782
Avg. Annual Appreciation
4.79%
Original Mortgage
$227,500
Outstanding Balance
$210,761
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$341,021

Purchase Details

Closed on
Apr 24, 1997
Sold by
Sack Valerie and Reuter Valerie
Bought by
Reuter John T
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
Equity Trust Company $455,000 Empire Title Agency
Reuter John T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equity Trust Company $227,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $455,000 -9.0% $276 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $500,000 0.0% $303 / Sq Ft
07/29/2016 07/29/16 Rented $1,350 0.0% --
07/14/2016 07/14/16 For Rent $1,350 +3.8% --
05/04/2015 05/04/15 Rented $1,300 0.0% --
04/30/2015 04/30/15 Under Contract -- -- --
04/21/2015 04/21/15 For Rent $1,300 -- --
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 $2,002 $19,840 -- --
2024 $2,196 $18,895 -- --
2023 $2,196 $44,410 $8,880 $35,530
2022 $2,106 $37,150 $7,430 $29,720
2021 $2,121 $33,970 $6,790 $27,180
2020 $2,056 $29,400 $5,880 $23,520
2019 $2,017 $22,720 $4,540 $18,180
2018 $1,967 $20,620 $4,120 $16,500
2017 $1,909 $17,680 $3,530 $14,150
2016 $1,895 $15,930 $3,180 $12,750
2015 $1,820 $14,070 $2,810 $11,260
Source: Public Records

Agents Affiliated with this Home

  • Charlie Walters

    Seller's Agent in 2021

    Charlie Walters

    Real Estate Brokers Intl

    (602) 577-1111

    1 in this area

    160 Total Sales

    Charlie Walters
    Section Image
  • Rhonda Walters

    Seller Co-Listing Agent in 2021

    Rhonda Walters

    Real Estate Brokers Intl

    (480) 756-0000

    1 in this area

    130 Total Sales

    Rhonda Walters
    Section Image
  • Blake Mallery

    Buyer's Agent in 2021

    Blake Mallery

    Compass

    (602) 851-7677

    2 in this area

    37 Total Sales

    Blake Mallery
    Section Image

  • J

    Seller's Agent in 2016

    Joan Faith

    Faith Real Estate and Investments, LLC

    (480) 233-2903

    37 Total Sales

    Joan Faith
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Bradley Cline

    Faith Real Estate and Investments, LLC

    (480) 577-1017

    16 Total Sales

    Bradley Cline
    Section Image
  • Heather Werner

    Buyer's Agent in 2016

    Heather Werner

    Ravenswood Realty

    (480) 231-0105

    195 Total Sales

    Heather Werner
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6250368

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-029

Arizona Maricopa County Tempe 85281 Riverside

420 W 7th St, Tempe, AZ

This home is located at 420 W 7th St, Tempe, AZ 85281 since 17 June 2021 and is currently estimated at $551,782, approximately $334 per square foot. This property was built in 1954. 420 W 7th St 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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