NOT LISTED FOR SALE

601 S Hardy Dr Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $575,000 - $708,000

Studio
-- Bath
1,680 Sq Ft
$379/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $940,000 $560 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,415/month

97 Days on Market

Highlights

  • Wood Flooring
  • Heating Available
  • 3-minute walk to Jaycee Park
  • Central Air

About This Home

As of June 2019

Williams Heritage is a six-unit multifamily community, located near downtown Tempe Arizona.

The property is comprised of two individually parceled, three-unit buildings consisting of six, one bed/one bath floorplans, that are individually metered for electricity. The property has been extensively renovated with new exterior paint, parking lot resurfacing, desert landscaping, and private patios with turf lawns. Interior renovations consist of, stainless steel appliances, quartz counter tops, plank vinyl wood flooring, new cabinet faces, new plumbing fixtures, new hardware throughout, lights and ceiling fans, and in-unit washers/dryers. Five of the units have already been renovated to this extent and are achieving increased rents, and the last one is currently under renovation.

Last Agent to Sell the Property

Trevor Hardy

ABI Multifamily License #SA649352000 Listed on: 01/29/2019

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,661

Year Built

  • Built in 1980

Lot Details

  • 8,276

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Wood Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 30E
  • Assessor Parcel Number 124-34-019-C

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are .38 Acres
  • State Plat No 12 Amd Subdivision

Building Details

  • Operating Expense $2,661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,661

Year Built

Built in 1980

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Cross Street: Hardy Drive & 5th Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1980
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: .38 Acres
  • Additional Parcels: Yes
  • Parcel #: 124-34-019-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Operating Expense: 2661.0

Tax Info

  • Tax Annual Amount: 2661.0
  • Tax Book Number: 124.00
  • Tax Lot: 30E

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2021
Sold by
Cramer Family Trust
Bought by
601611 Hardy Drive Llc
Current Estimated Value
$636,333

Purchase Details

Listed on
Jan 29, 2019
Closed on
Jun 24, 2019
Sold by
29Sc Hardy Llc
Bought by
Cranmer Lee D and Cranmer Elizabeth
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Victoria Miachika
REI Marketing
List Price
$969,000
Sold Price
$940,000
Premium/Discount to List
-$29,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.68%
Original Mortgage
$630,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2017
Sold by
601 & 611 Hardy Investments Llc
Bought by
29Sc Hardy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2004
Sold by
Warlock Management Llc
Bought by
601 & 611 Hardy Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 16, 2004
Sold by
Tnc Properties Llc
Bought by
Billington Timothy B and Billington Tammy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2002
Sold by
Wilson Thomas W and Wilson Connie
Bought by
Tnc Properties Llc

Purchase Details

Closed on
Jan 7, 2002
Sold by
Thomas Terry H
Bought by
Wilson Thomas W and Wilson Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 1999
Sold by
Bruno Leonard John
Bought by
Thomas Terry H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,970
Interest Rate
7.66%
Mortgage Type
FHA
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
601611 Hardy Drive Llc -- --
Cranmer Lee D $940,000 Old Republic Title Agency
29Sc Hardy Llc $520,000 Title Alliance Infinity Agen
601 & 611 Hardy Investments Llc -- Fidelity Title
Billington Timothy B $207,500 Fidelity National Title
Tnc Properties Llc -- First American Title Ins Co
Wilson Thomas W $175,000 First American Title Ins Co
Thomas Terry H $139,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cranmer Lee D $630,000
Previous Owner 29Sc Hardy Llc $386,000
Previous Owner Billington Timothy B $166,000
Previous Owner Wilson Thomas W $131,250
Previous Owner Thomas Terry H $134,970
Closed Wilson Thomas W $17,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2019 06/17/19 Sold $940,000 -3.0% $560 / Sq Ft
05/08/2019 05/08/19 For Sale $969,000 0.0% $577 / Sq Ft
05/08/2019 05/08/19 Price Changed $969,000 0.0% $577 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
03/28/2019 03/28/19 Price Changed $969,000 -0.6% $577 / Sq Ft
01/29/2019 01/29/19 For Sale $975,000 -- $580 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,647 $13,743 -- --
2024 $1,521 $13,088 -- --
2023 $1,521 $43,260 $8,650 $34,610
2022 $1,392 $33,460 $6,690 $26,770
2021 $1,407 $28,280 $5,650 $22,630
2020 $1,363 $25,920 $5,180 $20,740
2019 $1,337 $22,330 $4,460 $17,870
2018 $1,303 $18,330 $3,660 $14,670
2017 $1,264 $15,050 $3,010 $12,040
2016 $1,255 $13,730 $2,740 $10,990
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Trevor Hardy

    ABI Multifamily

  • Victoria Miachika

    Buyer's Agent in 2019

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    11 Total Sales

    Victoria Miachika
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5874932

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-34-019C

Arizona Maricopa County Tempe 85281 Downtown Tempe

601 S Hardy Dr, Tempe, AZ

Not Listed for Sale

MultiFamily

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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