NOT LISTED FOR SALE

725 E Encanto Dr Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $657,491 - $1,386,000

4 Beds
2 Baths
2,219 Sq Ft
$497/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $472,500 $213 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $6,049/month

69 Days on Market

Highlights

  • 0.17 Acre Lot
  • 1 Fireplace
  • Covered Patio or Porch
  • Vaulted Ceiling
  • No HOA
  • No Interior Steps

About This Home

As of September 2022

Property has great bones with tremendous potential. Needs some updating and TLC. Large floorplan with many bedrooms that makes this home a great rental option for the savvy investor or a wonderful well sized primary residence. If you were looking for a rental property these areas are coveted for their rental potential being so close to ASU. Priced to sell As-Is. ****For traditional buyer's Seller is offering a concession towards buying down buyer's interest rates****

Last Agent to Sell the Property

Abraham Hernandez

HomeSmart License #SA539942000 Listed on: 06/24/2022

HomeSmart

Last Buyer's Agent

Christopher Ainsworth

eXp Realty License #SA679196000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,582

Year Built

  • Built in 1957

Lot Details

  • 7,261 Sq Ft Lot
  • Block Wall Fence

Parking

  • 2 Carport Spaces

Home Design

  • Fixer Upper
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 2,219 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Tile Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Schools

  • Broadmor Elementary School
  • Tempe Academy Of International Studies Mckemy Campus Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • University Heights Subdivision

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number 133-12-070

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,582

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Rural and Broadway
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1957
  • Tax Year: 2021
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: University Heights
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 212.93
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: No Interior Steps, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, High Speed Internet
  • Living Area: 2219.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Alley, Dirt Back, Gravel/Stone Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Block
  • Patio And Porch Features: Covered Patio(s)
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Tempe Academy Of International Studies McKemy Campus

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7261.0
  • Parcel #: 133-12-070
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 3582.0
  • Tax Book Number: 133.00
  • Tax Lot: 70
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Sep 23, 2022
Sold by
Gemoets and Richard
Bought by
Gopal Ballson and Gopal Sumathi C
Seller's Agent
Abraham Hernandez
HomeSmart
Buyer's Agent
Christopher Ainsworth
eXp Realty
List Price
$500,000
Sold Price
$472,500
Premium/Discount to List
-$27,500
-5.5%
Views
31
Current Estimated Value
$1,103,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,123
Avg. Annual Appreciation
29.01%
Original Mortgage
$383,600
Outstanding Balance
$366,396
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$737,227

Purchase Details

Closed on
May 19, 2021
Sold by
Gemoets Adam
Bought by
Gemoets Richard and Gemoets Linda

Purchase Details

Closed on
Mar 13, 2018
Sold by
Gemoets Richard and Gemoets Linda
Bought by
Gemoets Adam

Purchase Details

Closed on
Jan 13, 2018
Sold by
Gemoets Richard and Gemoets Linda
Bought by
Gemoets Adam R and Remy Properties & Investments

Purchase Details

Closed on
May 3, 2016
Sold by
Gemoets Adam
Bought by
Gemoets Richard and Gemoets Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2007
Sold by
Martinez Carlos J
Bought by
Gemoets Adam

Purchase Details

Closed on
Jun 20, 2005
Sold by
Fletcher Samuel P and Fletcher George P
Bought by
Martinez Carlos J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 16, 2005
Sold by
Martinez Sylvia G
Bought by
Martinez Carlos J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 22, 2003
Sold by
Daniels Godfrey
Bought by
Fletcher Samuel P and Fletcher George P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2001
Sold by
Bishopp Rick Henry
Bought by
Daniels Godfrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,100
Interest Rate
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gopal Ballson $479,500 Old Republic Title
Gemoets Richard -- None Available
Gemoets Adam -- Equity Title Agency Inc
Gemoets Adam R -- None Available
Gemoets Richard $320,000 Greystone Title Agency Llc
Gemoets Adam $291,735 Premier Title Group Maricopa
Martinez Carlos J $323,000 Capital Title Agency Inc
Martinez Carlos J -- Capital Title Agency Inc
Fletcher Samuel P $169,000 First American Title Ins Co
Daniels Godfrey -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gopal Ballson $383,600
Previous Owner Gemoets Richard $256,000
Previous Owner Martinez Carlos J $50,000
Previous Owner Martinez Carlos J $256,850
Previous Owner Martinez Carlos J $256,850
Previous Owner Fletcher Samuel P $135,200
Previous Owner Daniels Godfrey $167,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $472,500 -5.5% $213 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $500,000 0.0% $225 / Sq Ft
08/01/2021 08/01/21 Rented $2,799 -6.7% --
07/09/2021 07/09/21 Under Contract -- -- --
07/06/2021 07/06/21 For Rent $2,999 +15.4% --
08/01/2020 08/01/20 Rented $2,599 0.0% --
07/14/2020 07/14/20 Under Contract -- -- --
06/30/2020 06/30/20 For Rent $2,599 +4.0% --
08/10/2018 08/10/18 Rented $2,499 0.0% --
07/21/2018 07/21/18 Under Contract -- -- --
06/22/2018 06/22/18 For Rent $2,499 +4.2% --
07/14/2017 07/14/17 Rented $2,399 0.0% --
06/30/2017 06/30/17 Under Contract -- -- --
05/01/2017 05/01/17 For Rent $2,399 +9.1% --
06/01/2015 06/01/15 Rented $2,199 0.0% --
05/22/2015 05/22/15 Under Contract -- -- --
04/22/2015 04/22/15 For Rent $2,199 +37.5% --
10/15/2013 10/15/13 Rented $1,599 -32.0% --
10/08/2013 10/08/13 Under Contract -- -- --
06/05/2013 06/05/13 For Rent $2,350 -- --
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 $4,016 $33,508 -- --
2024 $3,205 $29,291 -- --
2023 $3,205 $50,720 $10,140 $40,580
2022 $3,557 $37,220 $7,440 $29,780
2021 $3,582 $35,280 $7,050 $28,230
2020 $3,473 $34,120 $6,820 $27,300
2019 $3,407 $30,020 $6,000 $24,020
2018 $3,322 $28,150 $5,630 $22,520
2017 $3,223 $26,080 $5,210 $20,870
2016 $3,201 $27,610 $5,520 $22,090
2015 $3,074 $25,500 $5,100 $20,400
Source: Public Records

Agents Affiliated with this Home

  • Abraham Hernandez

    Seller's Agent in 2022

    Abraham Hernandez

    HomeSmart

    1 in this area

    33 Total Sales

    Abraham Hernandez
    Section Image
  • Christopher Ainsworth

    Buyer's Agent in 2022

    Christopher Ainsworth

    eXp Realty

    (480) 788-9332

    2 in this area

    96 Total Sales

    Christopher Ainsworth
    Section Image

  • A

    Seller's Agent in 2021

    Ann Gregory

    Gregory Real Estate and Mgnt

    (602) 989-3411

    Ann Gregory
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6423871

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-12-070

Arizona Maricopa County Tempe 85281 Downtown Tempe

725 E Encanto Dr, Tempe, AZ

Not Listed for Sale

Detached

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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