NOT LISTED FOR SALE

Estimated Value: $534,000 - $673,000

2 Beds
-- Bath
1,685 Sq Ft
$357/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $565,000 $335 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,483/month

38 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • 3-minute walk to Mitchell Park
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of December 2023

Welcome home! This duplex is the perfect move-in ready investment near Arizona State - rent one side while living in the other. These 2 units offer generously sized living rooms, modern kitchens, and gorgeous updated bathrooms in both units. The main bedroom in each unit features a walk-in closet and an ensuite, boasting a separate tub and shower. An additional bedroom, dedicated carport space, and proximity to the bus stop make this a prime and convenient living space. The serene backyards are perfect for unwinding and enjoying your favorite beverage. You should not have a difficult time getting top dollar for rent in this area due to the updates and location.

Last Listed By

Michael Marr

Keller Williams Arizona Realty License #SA675793000 Listed on: 09/27/2023

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1969

Lot Details

  • 7,362

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe Academy Of International Studies Mckemy High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 5
  • Assessor Parcel Number 124-68-005

Community Details

Overview

  • 2 Units
  • Building Dimensions are 67 X 105
  • Laird Estates Subdivision

Building Details

  • Operating Expense $4,377
  • Gross Income $34,884
  • Net Operating Income $28,671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,656

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: Hardy Dr & University Dr
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2022
  • Directions: Head south on S Hardy Dr, Turn left onto W 9th St. Property will be on the left.
  • Road Surface Type: Asphalt
  • Subdivision Name: LAIRD ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe Academy Of International Studies McKemy
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 67 X 105
  • Additional Parcels: No
  • Parcel #: 124-68-005

Multi Family

  • Owner Pays: Other
  • Tenant Pays: See Remarks, Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 34884.0
  • Insurance Expense: 652.0
  • Maintenance Expense: 1469.0
  • Property Net Operating Income: 28671.0
  • Annual Operating Expense: 4377.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1656.0
  • Tax Book Number: 124.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Dec 12, 2023
Sold by
A Line Properties Llc
Bought by
Sherwood Adam
Seller's Agent
Michael Marr
Keller Williams Arizona Realty
Buyer's Agent
Derek Tschilar
Realty ONE Group
List Price
$685,000
Sold Price
$565,000
Premium/Discount to List
-$120,000
-17.52%
Total Days on Market
38
Views
28
Current Estimated Value
$601,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,762
Avg. Annual Appreciation
10.19%
Original Mortgage
$508,500
Outstanding Balance
$502,518
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$144,667

Purchase Details

Closed on
Nov 17, 2022
Sold by
Barry Kelly and Barry Cassandra
Bought by
A Line Properties Llc

Purchase Details

Listed on
Aug 2, 2016
Closed on
Aug 12, 2016
Sold by
Volin John J and Volin Marcia L
Bought by
Barry Kelly and Barry Cassandra
Seller's Agent
Colleen Gunderson
BRI Properties, Inc
Buyer's Agent
Tony Williams
West USA Realty
List Price
$224,950
Sold Price
$221,000
Premium/Discount to List
-$3,950
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.16%

Purchase Details

Closed on
Mar 21, 2005
Sold by
Simpson J Todd and Simpson Julie J
Bought by
Violin John J and Volin Marcia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2003
Sold by
Simpson Rose Marie
Bought by
Simpson J Todd and Simpson Julie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

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
Sherwood Adam $565,000 Roc Title
A Line Properties Llc -- --
Barry Kelly $221,000 Great American Title Agency
Violin John J $215,000 First American Title Ins Co
Simpson J Todd -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherwood Adam $508,500
Previous Owner Volin John J $157,000
Previous Owner Violin John J $172,000
Previous Owner Simpson J Todd $103,000
Closed Violin John J $21,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold $565,000 -2.6% $335 / Sq Ft
10/30/2023 10/30/23 Price Changed $580,000 -7.2% $344 / Sq Ft
10/19/2023 10/19/23 Price Changed $625,000 -3.8% $371 / Sq Ft
10/10/2023 10/10/23 Price Changed $650,000 -5.1% $386 / Sq Ft
09/27/2023 09/27/23 For Sale $685,000 0.0% $407 / Sq Ft
09/27/2023 09/27/23 Off Market $685,000 -- --
08/31/2016 08/31/16 Sold $221,000 -1.8% $131 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $224,950 -- $134 / 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 $1,747 $15,598 -- --
2024 $1,726 $14,856 -- --
2023 $1,726 $47,450 $9,490 $37,960
2022 $1,656 $37,620 $7,520 $30,100
2021 $1,667 $32,560 $6,510 $26,050
2020 $1,617 $29,200 $5,840 $23,360
2019 $1,586 $23,920 $4,780 $19,140
2018 $1,547 $19,960 $3,990 $15,970
2017 $1,501 $16,580 $3,310 $13,270
2016 $1,490 $15,310 $3,060 $12,250
2015 $1,431 $15,000 $3,000 $12,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6610256

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-68-005