NOT LISTED FOR SALE

525 W Pebble Beach Dr Tempe, AZ 85282

West Tempe Neighborhood

Estimated Value: $1,513,001

-- Bed
-- Bath
3,780 Sq Ft
$400/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $1,800,000 $476 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $8,242/month

34 Days on Market

Highlights

  • Resident Manager or Management On Site
  • Central Air
  • Heat Pump System
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of March 2024

This listing contains 2 , 4-plexes. Each unit has its own address. The addresses are 525, 527, 529, 531, 533, 535, 537,and 539. 533 - 539 have individual water meters. The other 4 share one meter. There are 3 buildings, the 2 four plexes and the third building is a laundry room and office/workspace. There are 2 separate APNs. 525 W. Pebble Beach Dr (APN:123-45-141) & 533 W. Pebble Beach Dr (APN 123-45-142). There are 8 two bedroom one bath units with approximately 900 sq. ft. per unit. Single level units with dual pane windows, vaulted ceilings, private patios, and one covered parking space per unit. The units are always occupied and most are long term tenants. 5 of the 8 units have had some updating.

Last Agent to Sell the Property

William Winston

Superlative Realty License #BR032686000 Listed on: 01/08/2024

Superlative Realty

Last Buyer's Agent

Jeff Dash

JMS Manage Sell AZ LLC License #SA578894000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,609

Year Built

  • Built in 1973

Lot Details

  • 9,583

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 14 Parking Spaces
  • 8 Covered Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 123-45-141

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are 110X90X120X76
  • Laguna Estates 2 Subdivision

Building Details

  • Operating Expense $20,265
  • Gross Income $94,673
  • Net Operating Income $90,673

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,609

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: SOUTHERN AND ROOSEVELT
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3R
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Directions: South on Roosevelt to Pebble Beach. Units are on the SE corner.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 4500.0
  • Subdivision Name: LAGUNA ESTATES 2
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • 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, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, 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: Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3500.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 110X90X120X76
  • Additional Parcels: No
  • Parcel #: 123-45-141

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Electric Expense: 2056.0
  • Annual Gross Income: 94672.8
  • Insurance Expense: 2400.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 90672.8
  • Annual Operating Expense: 20265.0

Tax Info

  • Tax Annual Amount: 2609.0
  • Tax Book Number: 123.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Mar 1, 2024
Sold by
David And Susan Jenkins Family Trust
Bought by
Jms Az Property V Llc
Seller's Agent
William Winston
Superlative Realty
Buyer's Agent
Jeff Dash
JMS Manage Sell AZ LLC
List Price
$1,999,900
Sold Price
$1,800,000
Premium/Discount to List
-$199,900
-10%
Views
22
Current Estimated Value
$1,513,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$286,999
Avg. Annual Appreciation
-10.17%

Purchase Details

Closed on
Apr 17, 2023
Sold by
Susan K Jenkins Revocable Trust
Bought by
David And Susan Jenkins Family Trust

Purchase Details

Listed on
Nov 17, 2015
Closed on
Jan 12, 2016
Sold by
Jenkins Susan K
Bought by
Jenkins David H
Seller's Agent
Rod Roberts
Realty ONE Group
Buyer's Agent
William Winston
Superlative Realty
List Price
$799,900
Sold Price
$799,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Aug 16, 2005
Sold by
Ewart Glenn R
Bought by
Demilliano Alan J and Demilliano Marlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 1994
Sold by
Schrunk Jerome Francis and Schrunk Catherine Jane
Bought by
Ewart Glenn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Jms Az Property V Llc $1,800,000 Magnus Title Agency
David And Susan Jenkins Family Trust -- Magnus Title Agency
David And Susan Jenkins Family Trust -- None Listed On Document
Jenkins David H -- Stewart Title
Jenkins David H $399,950 Stewart Title
Demilliano Alan J $425,000 --
Ewart Glenn R $300,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demilliano Alan J $240,500
Previous Owner Ewart Glenn R $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2024 03/01/24 Sold $1,800,000 -10.0% $476 / Sq Ft
02/24/2024 02/24/24 Price Changed $1,999,900 0.0% $529 / Sq Ft
02/24/2024 02/24/24 For Sale $1,999,900 0.0% $529 / Sq Ft
01/08/2024 01/08/24 For Sale $1,999,900 +150.0% $529 / Sq Ft
01/14/2016 01/14/16 Sold $799,900 0.0% $212 / Sq Ft View Prior Sale
12/15/2015 12/15/15 Pending -- -- --
11/17/2015 11/17/15 For Sale $799,900 -- $212 / 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 $2,640 $23,570 -- --
2024 $2,609 $22,448 -- --
2023 $2,609 $69,090 $13,330 $55,760
2022 $2,502 $49,130 $9,480 $39,650
2021 $2,519 $36,290 $7,000 $29,290
2020 $2,443 $32,130 $6,200 $25,930
2019 $2,397 $29,200 $5,630 $23,570
2018 $2,337 $30,220 $5,830 $24,390
2017 $2,267 $25,600 $4,940 $20,660
2016 $2,252 $25,210 $4,860 $20,350
2015 $2,163 $25,370 $4,890 $20,480
Source: Public Records

Agents Affiliated with this Home

  • William Winston

    Seller's Agent in 2024

    William Winston

    Superlative Realty

    (888) 888-8888

    1 in this area

    13 Total Sales

    William Winston
    Section Image
  • Jeff Dash

    Buyer's Agent in 2024

    Jeff Dash

    JMS Manage Sell AZ LLC

    (602) 309-9229

    1 in this area

    1 Total Sale

    Jeff Dash
    Section Image

  • R

    Seller's Agent in 2016

    Rod Roberts

    Realty One Group

    Section Image

  • B

    Buyer's Agent in 2016

    Bill Winston

    Neighborhood Experts

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6647494

Arizona Regional Multiple Listing Service (ARMLS)

APN: 123-45-141

Arizona Maricopa County Tempe 85282 West Tempe

525 W Pebble Beach Dr, Tempe, AZ

This home is located at 525 W Pebble Beach Dr, Tempe, AZ 85282 since 08 January 2024 and is currently priced at $1,513,001, approximately $400 per square foot. This property was built in 1973. 525 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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