NOT LISTED FOR SALE

606 S Roosevelt St Unit 23 Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $792,000 - $1,312,000

0.56 Acre
$1,954,457 Price per Acre
24,394 Sq Ft Lot

Last Sold November 30, 2021

Last sale price $1,025,000

Est. 7% increase in value since last sale

Current estimated payment $6,466/month

98 Days on Market

Highlights

  • 0.56 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

As of November 2021

Multi family zoned land close to downtown Tempe, Rio Salado park and ASU ready for development. This parcel includes a house that could be preserved and potentially exchanged for a higher density allowance from the city. Property owner has obtained demolition permit if developer wishes to pursue potential development without existing building in place.

Last Agent to Sell the Property

Jared English

Congress Realty, Inc. Brokerage Phone: 888-881-4118 License #BR569813000 Listed on: 08/24/2021

Last Buyer's Agent

Russell Black

Midland Real Estate Alliance License #SA556617000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,989

Lot Details

  • 0.56 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned MF

Additional Homes

  • Residence on Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 124-34-009-K

Property Details

Property Type

Land

Est. Annual Taxes

$1,989

Lot Details

0

Listing Details

  • Cross Street: University/Roosevelt
  • Legal Info Range: 4E
  • Property Type: Land
  • Topography: Level
  • Zoning: MF
  • Tax Year: 2020
  • Directions: East on University Past Mill Ave to Roosevelt. Turn Right (North) on Roosevelt to 606
  • Attribution Contact: 888-881-4118
  • Lot Size Acres: 0.56
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: K
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Corner Lot
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: Residence

Utilities

  • Electric: APS, City Electric
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: Irr x Irr
  • Lot Size Sq Ft: 24394.0
  • Additional Parcels: No
  • Parcel #: 124-34-009-K

Tax Info

  • Tax Annual Amount: 1989.0
  • Tax Book Number: 124.00
  • Tax Lot: 23
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2022
Sold by
Russell P Black Pllc
Bought by
Roosevelt E11even Llc
Current Estimated Value
$1,094,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,250
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 23, 2021
Sold by
Wood Michelle L
Bought by
Russell P Black Pllc
Seller's Agent
Jared English
Congress Realty, Inc.
Buyer's Agent
Russell Black
Midland Real Estate Alliance
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.58%
Original Mortgage
$775,000
Interest Rate
3.05%
Mortgage Type
Commercial
Source: Public Records

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
Roosevelt E11even Llc -- Fidelity National Title
Russell P Black Pllc $1,025,000 Fidelity Natl Ttl Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Roosevelt E11even Llc $666,250
Previous Owner Russell P Black Pllc $775,000
Previous Owner Wood Michelle L $259,600
Previous Owner Wood Michelle L $250,000
Previous Owner Wood Michelle L $203,000
Previous Owner Wood Michelle L $197,100
Previous Owner Wood Michelle L $200,000
Previous Owner Wood Michelle L $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $1,025,000 -2.4% --
08/24/2021 08/24/21 For Sale $1,050,000 -- --
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 $6,019 $53,733 $53,733 --
2024 $2,124 $51,174 $51,174 --
2023 $2,124 $47,760 $9,550 $38,210
2022 $2,037 $39,570 $7,910 $31,660
2021 $2,051 $37,170 $7,430 $29,740
2020 $1,989 $32,230 $6,440 $25,790
2019 $1,951 $24,480 $4,890 $19,590
2018 $1,649 $21,670 $4,330 $17,340
2017 $1,598 $18,480 $3,690 $14,790
2016 $1,590 $16,850 $3,370 $13,480
2015 $1,538 $13,710 $2,740 $10,970
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jared English

    Congress Realty, Inc.

  • R

    Buyer's Agent in 2021

    Russell Black

    Midland Real Estate Alliance

    (480) 220-5131

    1 in this area

    6 Total Sales

    Russell Black
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6283729

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-34-009K

Arizona Maricopa County Tempe 85281 Riverside

606 S Roosevelt St Unit 23, Tempe, AZ

This home is located at 606 S Roosevelt St Unit 23, Tempe, AZ 85281 since 24 August 2021 and is currently estimated at $1,094,496. 606 S Roosevelt St Unit 23 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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