NOT LISTED FOR SALE

515 W Pebble Beach Dr Tempe, AZ 85282

West Tempe Neighborhood

Estimated Value: $716,000 - $977,000

Studio
-- Bath
2,882 Sq Ft
$301/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $640,000 $222 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,713/month

105 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of October 2020

Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an exceptional residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 4,988. This building is preforming at 6% cap on actual numbers.

Last Agent to Sell the Property

John Beshk

The Beshk Group, Inc. License #BR100253000 Listed on: 06/19/2020

Co-Listed By

Mickie Beshk

The Beshk Group, Inc. License #SA534649000

Last Buyer's Agent

Eric Wiebe

Keller Williams Integrity First License #SA685778000

Keller Williams Integrity First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,256

Year Built

  • Built in 1972

Lot Details

  • 9,583

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 6
  • Assessor Parcel Number 123-45-139

Community Details

Overview

  • 3 Units
  • Building Dimensions are 96 x 100

Building Details

  • Operating Expense $20,936
  • Gross Income $59,856
  • Net Operating Income $41,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,256

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Southern & Priest
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: bgir01
  • Co List Office Phone: 602-309-8888
  • Subdivision Name: 4619217
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Auto Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 96 x 100
  • Additional Parcels: No
  • Parcel #: 123-45-139

Multi Family

  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 59856.0
  • Insurance Expense: 1430.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 41176.0
  • Annual Operating Expense: 20936.0

Tax Info

  • Tax Annual Amount: 2256.0
  • Tax Book Number: 123.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Nov 6, 2020
Sold by
Fischer Robert
Bought by
Morua Mariano
Seller's Agent
John Beshk
The Beshk Group, Inc.
Buyer's Agent
Eric Wiebe
Keller Williams Integrity First
List Price
$679,000
Sold Price
$640,000
Premium/Discount to List
-$39,000
-5.74%
Current Estimated Value
$867,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,435
Avg. Annual Appreciation
5.99%
Original Mortgage
$437,000
Outstanding Balance
$387,089
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$480,346

Purchase Details

Listed on
Nov 4, 2019
Closed on
Jan 7, 2020
Sold by
Expansive Minds Real Estate Llc
Bought by
Fischer Robert
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.23%
Original Mortgage
$530,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 4, 2019
Closed on
Dec 31, 2019
Sold by
Willets Sophia and Willets Sophia Pllc Defined Be
Bought by
Fischer Robert
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 23, 2019
Closed on
Jun 26, 2019
Sold by
Willets Cophia
Bought by
Wilets Sophia and The Sophia Willets Pllc
Seller's Agent
Joe Carter
ERA YOUNG REALTY-PAYSON
Buyer's Agent
NOT A CAAR MEMBER
NOT A CAAR MEMBER
List Price
$394,500
Sold Price
$394,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
195.06%
Original Mortgage
$295,875
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2019
Closed on
Jun 21, 2019
Sold by
Willets Joshua and Willets Sophia
Bought by
Willets Sophia and Willets Joshua
Seller's Agent
Joe Carter
ERA YOUNG REALTY-PAYSON
Buyer's Agent
NOT A CAAR MEMBER
NOT A CAAR MEMBER
List Price
$394,500
Sold Price
$394,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,875
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2011
Sold by
Carter William J and Carter Joan L
Bought by
Carter Re3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,400
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2011
Sold by
Corea Tracey Langran
Bought by
Corea Thaddeus

Purchase Details

Closed on
Feb 9, 2011
Sold by
Corea Thaddeus
Bought by
Arizona Opportunities Fund 1 Llc

Purchase Details

Closed on
Sep 5, 2006
Sold by
Corea Thaddeus and Corea Tracey L
Bought by
3 West I Llc

Purchase Details

Closed on
Jun 13, 2006
Sold by
Corea Tracey L
Bought by
Corea Thaddeus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2005
Sold by
Bridgewell Llc
Bought by
Corea Thaddeus and Corea Tracey L

Purchase Details

Closed on
Apr 21, 2005
Sold by
Corea Thaddeus
Bought by
Birdgewell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2005
Sold by
Pebble Beach Properties Llc
Bought by
Corea Thaddeus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2005
Sold by
Corea Tracey Langran
Bought by
Corea Thaddeus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 1996
Sold by
Heffington Leona J
Bought by
Pebble Beach Properties Llc

Purchase Details

Closed on
Oct 26, 1995
Sold by
Zimnisky Stanley Albert and Zimnisky Alice May
Bought by
Heffington Leona J
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
Morua Mariano $640,000 Wfg National Title Ins Co
Fischer Robert -- None Available
Expansive Mids Real Estate Llc -- None Available
Fischer Robert $700,000 Chicago Title Agency
Wilets Sophia -- None Available
Willets Sophia -- Pioneer Title Agency Inc
Willets Sophia $394,500 Pioneer Title Agency Inc
Carter Re3 Llc -- None Available
Carter William J $187,000 Equity Title Agency Inc
Corea Thaddeus -- Stewart Title & Trust Of Pho
Corea Thaddeus -- Stewart Title & Trust Of Pho
Arizona Opportunities Fund 1 Llc $100,000 Stewart Title & Trust Of Pho
3 West I Llc -- None Available
Corea Thaddeus -- First American Title
Corea Thaddeus -- --
Birdgewell Llc -- --
Corea Thaddeus $320,000 Fidelity National Title
Corea Thaddeus -- Fidelity National Title
Pebble Beach Properties Llc $111,000 Security Title
Heffington Leona J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morua Mariano $437,000
Previous Owner Fischer Robert $530,000
Previous Owner Willets Sophia $295,875
Previous Owner Carter William J $120,400
Previous Owner Corea Thaddeus $305,500
Previous Owner Corea Thaddeus $256,000
Previous Owner Corea Thaddeus $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $640,000 -5.7% $222 / Sq Ft
06/19/2020 06/19/20 For Sale $679,000 -3.0% $236 / Sq Ft
01/02/2020 01/02/20 Sold $700,000 0.0% $243 / Sq Ft View Prior Sale
12/11/2019 12/11/19 For Sale $700,000 0.0% $243 / Sq Ft
11/01/2019 11/01/19 For Sale $700,000 +77.4% $243 / Sq Ft
06/24/2019 06/24/19 Sold $394,500 0.0% $137 / Sq Ft View Prior Sale
06/23/2019 06/23/19 Pending -- -- --
06/23/2019 06/23/19 For Sale $394,500 -- $137 / 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 $2,660 $22,192 -- --
2024 $2,456 $21,135 -- --
2023 $2,456 $61,860 $12,370 $49,490
2022 $2,356 $44,810 $8,960 $35,850
2021 $2,372 $34,480 $6,890 $27,590
2020 $2,300 $31,070 $6,210 $24,860
2019 $2,256 $28,180 $5,630 $22,550
2018 $2,200 $26,330 $5,260 $21,070
2017 $2,135 $24,380 $4,870 $19,510
2016 $2,120 $23,110 $4,620 $18,490
2015 $2,036 $22,610 $4,520 $18,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6092861

Arizona Regional Multiple Listing Service (ARMLS)

APN: 123-45-139