NOT LISTED FOR SALE

625 E Broadway Rd Tempe, AZ 85282

Alameda Neighborhood

Estimated Value: $1,015,000 - $1,241,296

-- Bed
1 Bath
700 Sq Ft
$1,642/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $555,000 $793 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,264/month

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of January 2016

Great opportunity to own (2) fourplexes close to downtown Tempe and ASU. Great freeway access. Both parcels must be sold together. Units are presently fully occupied. Several with long term leases.

Last Agent to Sell the Property

Katie Atkison

Success Property Brokers License #SA558149000 Listed on: 09/23/2015

Success Property Brokers

Last Buyer's Agent

Jill Anderson

Russ Lyon Sotheby's International Realty License #SA538355000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,405

Year Built

  • Built in 1960

Lot Details

  • 9,148

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 133-25-118

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are 121.89 x 140.81
  • 8 Plex In Tempe Subdivision

Building Details

  • Gross Income $60,000
  • Net Operating Income $50,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,405

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Broadway & Rural
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2014
  • Directions: West to Property on the South side of Broadway at Granada.
  • Road Surface Type: Asphalt
  • Subdivision Name: 8-Plex in Tempe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 121.89 x 140.81
  • Additional Parcels: Yes
  • Parcel #: 133-25-118

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 3300.0
  • Annual Gross Income: 60000.0
  • Insurance Expense: 860.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 50875.0

Tax Info

  • Tax Annual Amount: 3405.0
  • Tax Book Number: 133.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2023
Sold by
Himexus Llc
Bought by
Akka Llc
Total Days on Market
0
Current Estimated Value
$1,149,074

Purchase Details

Listed on
Sep 23, 2015
Closed on
Dec 28, 2015
Sold by
Englert Karl P
Bought by
Himexus Llc
Seller's Agent
Katie Atkison
Success Property Brokers
Buyer's Agent
Jill Anderson
Russ Lyon Sotheby's International Realty
List Price
$565,000
Sold Price
$555,000
Premium/Discount to List
-$10,000
-1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%

Purchase Details

Closed on
Sep 23, 2015
Sold by
Quintero Urbano and Quintero Teresa
Bought by
Englert Karl P

Purchase Details

Closed on
Dec 23, 2002
Sold by
Lopez Victor and Lopez Teresa J
Bought by
Quintero Urbano and Quintero Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2000
Sold by
Coleman Jim W
Bought by
Lopez Victor and Lopez Teresa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
8.12%
Mortgage Type
New Conventional
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
Akka Llc -- --
Himexus Llc $605,000 First American Title Ins Co
Englert Karl P $555,000 First American Title Ins Co
Quintero Urbano $219,000 Security Title Agency
Lopez Victor $175,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quintero Urbano $200,000
Previous Owner Quintero Urbano $161,000
Previous Owner Quintero Urbano $130,000
Previous Owner Lopez Victor $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $555,000 -1.8% $793 / Sq Ft
09/23/2015 09/23/15 Pending -- -- --
09/23/2015 09/23/15 For Sale $565,000 -- $807 / 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 $1,996 $17,822 -- --
2024 $1,972 $16,973 -- --
2023 $1,972 $67,090 $12,360 $54,730
2022 $1,892 $51,160 $9,430 $41,730
2021 $1,905 $44,720 $8,240 $36,480
2020 $1,847 $38,470 $7,090 $31,380
2019 $1,812 $33,270 $6,130 $27,140
2018 $1,767 $27,690 $5,100 $22,590
2017 $1,715 $22,670 $4,180 $18,490
2016 $1,702 $21,620 $3,980 $17,640
2015 $1,635 $21,590 $3,980 $17,610
Source: Public Records

Agents Affiliated with this Home

  • Katie Atkison

    Seller's Agent in 2016

    Katie Atkison

    Success Property Brokers

    (602) 769-1910

    40 Total Sales

    Katie Atkison
    Section Image
  • Jill Anderson

    Buyer's Agent in 2016

    Jill Anderson

    Russ Lyon Sotheby's International Realty

    1 in this area

    151 Total Sales

    Jill Anderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5338444

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-25-118

Arizona Maricopa County Tempe 85282 Alameda

625 E Broadway Rd, Tempe, AZ

This home is located at 625 E Broadway Rd, Tempe, AZ 85282 since 23 September 2015 and is currently estimated at $1,149,074, approximately $1,641 per square foot. This property was built in 1960. 625 E Broadway Rd is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly 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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