NOT LISTED FOR SALE

722 W Broadway Rd Tempe, AZ 85282

Marilyn Ann Neighborhood

Estimated Value: $1,685,354

-- Bed
-- Bath
8,153 Sq Ft
$207/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $1,560,000 $191 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,241/month

11 Days on Market

Highlights

  • 1.12 Acre Lot
  • Heating Available
  • 3-minute walk to Clark Park
  • Central Air

About This Home

As of June 2021

Great owner/user or investment/redevelopment opportunity in Tempe! Multi-Tenant Retail Building that sits on a 1.11 acre lot right on the corner of Broadway Rd & McKemy St. High traffic rate with excellent visibility. Situated in the heart of Tempe, within minutes to ASU Campus. Surrounded by a variety of businesses as well as residential housing. Easy Freeway Access to I10 and US 60. Built-out as 6 total units. All units (4) within 764 W. Broadway are currently vacant. Average rents are $9.00/sq. ft. + $5.00/sq. ft. for NNN.

Last Agent to Sell the Property

Amaelia Eckert

R & R Properties of Arizona, LLC License #SA690986000 Listed on: 03/02/2021

Last Buyer's Agent

Amaelia Eckert

R & R Properties of Arizona, LLC License #SA690986000 Listed on: 03/02/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $29,188

Year Built

  • Built in 1978

Lot Details

  • 1.12 Acre Lot
  • Block Wall Fence
  • Property is zoned CSS

Home Design

  • 8,153 Sq Ft Home
  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

  • 55 Open Parking Spaces
  • 55 Parking Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • 3 Buildings
  • Operating Expense $29,188

Listing and Financial Details

  • Assessor Parcel Number 124-63-011-U

Property Details

Property Type

Other

Est. Annual Taxes

$29,188

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: NEC of Broadway and McKemy
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CSS
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1978
  • Tax Year: 2020
  • Lot Size Acres: 1.12
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial
  • Tax Parcel Letter: U
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 8153.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved, Private, Free
  • Attached Garage: No
  • Open Parking Spaces: 55.0
  • Total Parking Spaces: 55.0
  • General Property Description:Uncvrd Parking Spcs: 55.0
  • General Property Description:Total Parking Spcs: 55.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 48569.0
  • Parcel #: 124-63-011-U
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 29188.0

Tax Info

  • Tax Annual Amount: 29188.0
  • Tax Book Number: 124.00
  • Tax Lot: -
  • Tax Map Number: 63.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2021
Closed on
May 27, 2021
Sold by
Haechler Max and Haechler Elizabeth M
Bought by
Venture On Broadway Llc
Seller's Agent
Amaelia Eckert
R & R Properties of Arizona, LLC
Buyer's Agent
Amaelia Eckert
R & R Properties of Arizona, LLC
List Price
$1,500,000
Sold Price
$1,560,000
Premium/Discount to List
$60,000
4%
Current Estimated Value
$1,685,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,354
Avg. Annual Appreciation
0.81%
Original Mortgage
$1,777,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 16, 1998
Sold by
Phoenix Tempe Associates
Bought by
Haechler Max and Haechler Elizabeth M
Source: Public Records

Range of Values:

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Average Value
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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
Venture On Broadway Llc $1,560,000 First American Title Ins Co
Haechler Max $750,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venture On Broadway Llc $2,001,000
Closed Venture On Broadway Llc $1,777,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $1,560,000 +4.0% $191 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $1,500,000 -- $184 / 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 $23,190 $200,743 -- --
2024 $23,604 $197,159 -- --
2023 $23,604 $193,460 $74,511 $118,949
2022 $29,065 $272,843 $161,000 $111,843
2021 $30,102 $265,932 $151,344 $114,588
2020 $29,188 $234,306 $118,386 $115,920
2019 $28,635 $210,150 $104,598 $105,552
2018 $27,946 $223,002 $118,620 $104,382
2017 $27,114 $225,072 $109,836 $115,236
2016 $26,923 $208,800 $101,700 $107,100
2015 $26,577 $186,444 $86,562 $99,882
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Amaelia Eckert

    R & R Properties of Arizona, LLC

    (602) 653-0995

    1 in this area

    6 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6201118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-63-011U

Arizona Maricopa County Tempe 85281 Marilyn Ann

722 W Broadway Rd, Tempe, AZ

This home is located at 722 W Broadway Rd, Tempe, AZ 85282 since 02 March 2021 and is currently estimated at $1,685,354, approximately $206 per square foot. This property was built in 1978. 722 W Broadway Rd is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Noor Academy of Arizona.

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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