NOT LISTED FOR SALE

816 W 2nd St Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $776,000 - $969,751

-- Bed
-- Bath
1,950 Sq Ft
$446/Sq Ft Est. Value

Last Sold June 14, 2018

Last sale price $570,000 $292 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,753/month

86 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of June 2018

Four unit building in the midst of all of the construction at Tempe Town Lake! Units have beautiful and durable wood look tile flooring and a custom color palette with an exposed slump block wall as the interior focal point. Kitchens are complete with granite counters, breakfast bars, and stainless steel appliances. Stacked washer/dryer in each unit! One bedroom and full bathroom with single sink vanity. Brand new steel carport for covered parking and private courtyards for each unit. These are sure to go quick. Drive by only. No showing until accepted contract.

Last Listed By

Kirstin Conaway Moore

HouseCanary, Inc License #BR562186000 Listed on: 02/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,421

Year Built

  • Built in 1976

Lot Details

  • 6,011

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • Paved Parking

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 24
  • Assessor Parcel Number 124-31-122

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Monterrey Village Plat 3 Unit 3 Subdivision

Building Details

  • Operating Expense $5,213
  • Gross Income $69,072,000
  • Net Operating Income $40,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,421

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: University & Hardy
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2017
  • Directions: North on hardy from University, East on 2nd St., Property on Left.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: MONTERREY VILLAGE PLAT 3 UNIT 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Frame - Wood, Slump Block
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • 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

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 124-31-122

Multi Family

  • Owner Pays: Trash Collection, Water, None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 69072000.0
  • Insurance Expense: 792.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 40660.0
  • Annual Operating Expense: 5213.0
  • Vacancy Allowance Rate: 1440.0

Tax Info

  • Tax Annual Amount: 1421.0
  • Tax Book Number: 124.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2021
Sold by
Truong James
Bought by
Jaland Llc
Total Days on Market
86
Current Estimated Value
$869,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2021
Sold by
Jaland Llc
Bought by
Truong James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2019
Sold by
Truong James and Truong James Phuong
Bought by
Ja Land Llc

Purchase Details

Listed on
Feb 15, 2018
Closed on
Jun 6, 2018
Sold by
Ll Urban Properties Ltd
Bought by
Truong James and Truong James Phuong
Seller's Agent
Kirstin Conaway Moore
HouseCanary, Inc
Buyer's Agent
Ken Ho
JK Realty
List Price
$640,000
Sold Price
$570,000
Premium/Discount to List
-$70,000
-10.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$366,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2016
Sold by
Jola Properties Llc
Bought by
Ll Urban Properties Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2005
Sold by
Flaaten Lucille A and Flaaten Jan Olav
Bought by
Jola Properties Llc

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
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2005
Sold by
Flaaten Lucille A and Flaaten Jan O
Bought by
Jola Properties Llc

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
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Ewell David L
Bought by
Flaaten Jan O and Flaaten Lucille A

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
Jaland Llc -- None Listed On Document
Truong James -- Amrock Inc
Ja Land Llc -- None Available
Truong James $570,000 Principal Title Agency Llc
Ll Urban Properties Ltd $300,000 Thomas Title & Escrow
Jola Properties Llc -- Capital Title Agency Inc
Flaaten Jan Olav -- Capital Title Agency Inc
Jola Properties Llc -- --
Flaaten Jan O $230,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Truong James $365,000
Previous Owner Truong James $366,750
Previous Owner Ll Urban Properties Ltd $236,000
Previous Owner Flaaten Jan Olav $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2018 06/14/18 Sold $570,000 -4.4% $292 / Sq Ft
05/07/2018 05/07/18 Price Changed $596,000 -0.7% $306 / Sq Ft
04/24/2018 04/24/18 Price Changed $600,000 -1.6% $308 / Sq Ft
03/28/2018 03/28/18 Price Changed $610,000 -0.8% $313 / Sq Ft
03/14/2018 03/14/18 Price Changed $615,000 -1.6% $315 / Sq Ft
02/22/2018 02/22/18 Price Changed $625,000 -2.3% $321 / Sq Ft
02/15/2018 02/15/18 For Sale $640,000 -- $328 / 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 $1,655 $14,773 -- --
2024 $1,635 $14,070 -- --
2023 $1,635 $64,470 $12,890 $51,580
2022 $1,568 $49,070 $9,810 $39,260
2021 $1,579 $42,170 $8,430 $33,740
2020 $1,531 $33,930 $6,780 $27,150
2019 $1,502 $26,500 $5,300 $21,200
2018 $1,465 $21,870 $4,370 $17,500
2017 $1,421 $19,110 $3,820 $15,290
2016 $1,411 $17,820 $3,560 $14,260
2015 $1,355 $15,320 $3,060 $12,260
Source: Public Records

Agents Affiliated with this Home

  • Kirstin Conaway Moore

    Seller's Agent in 2018

    Kirstin Conaway Moore

    HouseCanary, Inc

    (480) 326-9363

    20 Total Sales

    Kirstin Conaway Moore
    Section Image
  • Ken Ho

    Buyer's Agent in 2018

    Ken Ho

    JK Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5724043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-31-122

Arizona Maricopa County Tempe 85281 Riverside

816 W 2nd St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 816 W 2nd St, Tempe, AZ 85281 since 15 February 2018 and is currently estimated at $869,688, approximately $445 per square foot. This property was built in 1976. 816 W 2nd St 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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