NOT LISTED FOR SALE

422 W Pebble Beach Dr Tempe, AZ 85282

West Tempe Neighborhood

Estimated Value: $849,757 - $1,120,000

8 Beds
-- Bath
3,800 Sq Ft
$254/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $809,875 $213 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,588/month

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2021

Great location in Tempe! Very clean and well maintained 4-plex close to ASU, freeways, shopping, restaurants, airport and so much more. Separate laundry room with coin-operated washer & dryer. Nice sized 2 bedroom, 1 bath units. Current renters have been there for years with little increase in rent and are on month to month leases. Perfect investment opportunity. DRIVE BY ONLY UNTIL CONTRACT ACCEPTANCE. Please do not disturb occupants.

Last Agent to Sell the Property

Judy Sarnak

Century 21 Northwest License #SA636517000 Listed on: 05/20/2021

Century 21 Northwest

Co-Listed By

Carol Comley-Bolek

Century 21 Northwest License #BR532282000

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,023

Year Built

  • Built in 1977

Lot Details

  • 9,583

Home Design

  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Covered Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 3
  • Assessor Parcel Number 123-45-136

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,588
  • Laguna Estates 2 Subdivision

Building Details

  • Operating Expense $9,193
  • Gross Income $37,000
  • Net Operating Income $28,954

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,023

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: SOUTHERN & MILL
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2020
  • Directions: E on Southern, R on S Kyrene, R on W Pebble Beach Dr to complex on right
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: cere30
  • Co List Office Phone: 480-947-7000
  • Subdivision Name: Laguna Estates 2
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Slump Block
  • Roof: Foam
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3200.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 9,588
  • Additional Parcels: No
  • Parcel #: 123-45-136

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 570.0
  • Annual Gross Income: 37000.0
  • Insurance Expense: 2400.0
  • Property Net Operating Income: 28954.0
  • Annual Operating Expense: 9193.0

Tax Info

  • Tax Annual Amount: 3023.0
  • Tax Book Number: 123.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Vinit Rathi
Bought by
R2 Pebbles Llc
Current Estimated Value
$970,973

Purchase Details

Listed on
May 20, 2021
Closed on
Jun 17, 2021
Sold by
Kittleson Mark and Kittleson Melissa
Bought by
Rathi Vinit
Seller's Agent
Judy Sarnak
Century 21 Northwest
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$800,000
Sold Price
$809,875
Premium/Discount to List
$9,875
1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$607,406
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2019
Sold by
Kittleson Mark and Kittleson Melissa
Bought by
Kittleson Mark and Kittleson Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,200
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2007
Sold by
Kittleson Mark
Bought by
Kittleson Mark and Kittleson Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,800
Interest Rate
6.29%
Mortgage Type
New Conventional
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
R2 Pebbles Llc -- Arizona Legal Document Service
R2 Pebbles Llc -- Arizona Legal Document Service
Rathi Vinit $809,875 Old Republic Title Agency
Kittleson Mark -- Title365
Kittleson Mark -- Title Guaranty Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rathi Vinit $607,406
Previous Owner Kittleson Mark $290,200
Previous Owner Kittleson Mark $97,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $809,875 +1.2% $213 / Sq Ft
06/25/2021 06/25/21 For Sale $800,000 0.0% $211 / Sq Ft
06/25/2021 06/25/21 Price Changed $800,000 0.0% $211 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $800,000 -- $211 / 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 $3,267 $29,166 -- --
2024 $3,228 $27,777 -- --
2023 $3,228 $81,630 $16,320 $65,310
2022 $3,096 $58,500 $11,700 $46,800
2021 $3,118 $43,170 $8,630 $34,540
2020 $3,023 $38,130 $7,620 $30,510
2019 $2,966 $34,680 $6,930 $27,750
2018 $2,892 $35,980 $7,190 $28,790
2017 $2,806 $31,010 $6,200 $24,810
2016 $2,786 $29,580 $5,910 $23,670
2015 $2,676 $29,610 $5,920 $23,690
Source: Public Records

Agents Affiliated with this Home

  • Judy Sarnak

    Seller's Agent in 2021

    Judy Sarnak

    Century 21 Northwest

    (480) 323-0822

    1 in this area

    26 Total Sales

    Section Image
  • Carol Comley-Bolek

    Seller Co-Listing Agent in 2021

    Carol Comley-Bolek

    Century 21 Northwest

    (480) 216-6229

    1 in this area

    42 Total Sales

    Section Image
  • Michael Gordon

    Buyer's Agent in 2021

    Michael Gordon

    Grace CRE

    (858) 774-6058

    2 in this area

    73 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6238942

Arizona Regional Multiple Listing Service (ARMLS)

APN: 123-45-136

Arizona Maricopa County Tempe 85282 West Tempe

422 W Pebble Beach Dr, Tempe, AZ

This home is located at 422 W Pebble Beach Dr, Tempe, AZ 85282 since 20 May 2021 and is currently estimated at $964,439, approximately $253 per square foot. This property was built in 1977. 422 W Pebble Beach Dr is a home located in Maricopa County with nearby schools including Carminati Elementary School, 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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