NOT LISTED FOR SALE

504 W 2nd St Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $967,000 - $1,110,000

1 Bed
-- Bath
2,200 Sq Ft
$458/Sq Ft Est. Value

Last Sold July 21, 2017

Last sale price $310,000 $141 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $5,771/month

61 Days on Market

Highlights

  • Evaporated cooling system
  • Carpet
  • Heating System Uses Natural Gas

About This Home

As of July 2017

Do not miss out on an opportunity to own an income producing property located near the heart of Tempe near Tempe's famous Mill Ave, Arizona State University, Tempe Town Lake and many more. The property is locating near the light rail station and near restaurants, boutiques, and strip centers. The property is priced to sell in as-conditions.

Last Listed By

Roberto Rodriguez

DPR Realty LLC License #BR100170000 Listed on: 05/10/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,954

Year Built

  • Built in 1950

Lot Details

  • 0.26

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 124-32-044-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are Approx. 141.64 x 71.44
  • State Plat No 12 Amd Subdivision

Building Details

  • Operating Expense $9,122
  • Gross Income $24,362
  • Net Operating Income $16,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,954

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: W University Dr & S Roosevelt St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: GID
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2016
  • Directions: North to W 5th St, E to S Wilson St, N to W 2nd St. Property is on the NWC of 2nd St and Wilson St.
  • Road Surface Type: Sidewalk(s)
  • Professional Management Expense: 1799.34
  • Co List Office Mls Id: dvpt04
  • Co List Office Phone: 480-994-0800
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: B
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1235.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: Approx. 141.64 x 71.44
  • Additional Parcels: No
  • Parcel #: 124-32-044-B

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24361.8
  • Insurance Expense: 800.0
  • Property Net Operating Income: 16824.0
  • Annual Operating Expense: 9122.34
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1954.0
  • Tax Book Number: 124.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2025
Sold by
H Cubed Mercury Llc
Bought by
1St & Wilson Llc
Total Days on Market
61
Current Estimated Value
$1,006,598

Purchase Details

Listed on
May 10, 2017
Closed on
Aug 19, 2017
Sold by
Hsieh John
Bought by
H Cubed Mercury Llc
Seller's Agent
Roberto Rodriguez
DPR Realty LLC
Buyer's Agent
Patsy R. Iseman
Arizona Elite Properties
List Price
$245,000
Sold Price
$310,000
Premium/Discount to List
$65,000
26.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.30%

Purchase Details

Listed on
May 10, 2017
Closed on
Jul 20, 2017
Sold by
Dang Kathleen Kim
Bought by
Hsieh John
Seller's Agent
Roberto Rodriguez
DPR Realty LLC
Buyer's Agent
Patsy R. Iseman
Arizona Elite Properties
List Price
$245,000
Sold Price
$310,000
Premium/Discount to List
$65,000
26.53%

Purchase Details

Closed on
Jul 28, 2004
Sold by
Dang Cuong H
Bought by
Dang Joseph H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 1994
Sold by
Hall Warren B and Hall Carolyn M
Bought by
Dang Tuan and Dang Cuong H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
9.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1994
Sold by
Houghton Jeffrey W
Bought by
Hall Warren B and Hall Carolyn M

Range of Values:

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Average Value
Not Available
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
1St & Wilson Llc $975,000 Commonwealth Title
H Cubed Mercury Llc -- Pioneer Title Agency Inc
Hsieh John $310,000 Security Title Agency Inc
Dang Joseph H -- Security Title Agency
Dang Tuan $75,800 First American Title
Hall Warren B $37,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dang Joseph H $129,500
Previous Owner Dang Tuan $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $310,000 -11.4% $141 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
05/25/2017 05/25/17 Price Changed $350,000 +42.9% $159 / Sq Ft
05/10/2017 05/10/17 For Sale $245,000 -- $111 / 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 $2,291 $20,451 -- --
2024 $2,263 $19,478 -- --
2023 $2,263 $62,570 $12,510 $50,060
2022 $2,171 $49,870 $9,970 $39,900
2021 $2,186 $42,430 $8,480 $33,950
2020 $2,120 $36,710 $7,340 $29,370
2019 $2,079 $29,280 $5,850 $23,430
2018 $2,028 $21,650 $4,330 $17,320
2017 $1,967 $20,710 $4,140 $16,570
2016 $1,954 $19,520 $3,900 $15,620
2015 $1,876 $19,310 $3,860 $15,450
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Roberto Rodriguez

    DPR Realty

  • Joshua Rodriguez

    Seller Co-Listing Agent in 2017

    Joshua Rodriguez

    Realty of America LLC

    (602) 703-6675

    4 Total Sales

    Joshua Rodriguez
    Section Image

  • P

    Buyer's Agent in 2017

    Patsy R. Iseman

    Arizona Elite Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5605834

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-32-044B

Arizona Maricopa County Tempe 85281 Riverside

504 W 2nd St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 504 W 2nd St, Tempe, AZ 85281 since 10 May 2017 and is currently estimated at $1,006,598, approximately $457 per square foot. This property was built in 1950. 504 W 2nd 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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