Seller's Agent in 2018
Matthew Cox
Equity Arizona Real Estate
(520) 349-4118
12 Total Sales
825 W 3rd St Tempe, AZ 85281
Riverside NeighborhoodEstimated Value: $787,000 - $873,166
--
Bed
--
Bath
2,080
Sq Ft
$401/Sq Ft
Est. Value
Highlights
- Cooling Available
- Heat Pump System
- 5-minute walk to Jaycee Park
- Ceiling Fan
About This Home
As of October 2018TEMPE 4Plex in paradise like cul de sac, fully leased income property. This property is in the heart of Tempe, near Arizona State University (ASU), close to Tempe Town Lake, close to Mill Avenue and not far from Sky Harbor Airport. This property is a magnet for high quality tenants that will treat their apartments like home. Many features include brick construction, dual pane windows and brand new 2 ton AC Units, installed in 2018. Each unit is individually metered for electric. Tile is laid throughout the property for low maintenance. Desert landscaping consumes low water and is set on timer for hands off management.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,466
Year Built
- Built in 1963
Lot Details
- 7,754
Home Design
- Foam Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
Schools
- Tempe High School
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 7
- Assessor Parcel Number 124-31-096
Community Details
Overview
- 4 Units
- Building Dimensions are 7751
- Monterrey Village Plat 2 Amd Subdivision
Building Details
- Operating Expense $3,566
- Gross Income $40,320
- Net Operating Income $36,755
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 8, 2020
Sold by
Menghani Manoj and Patel Yatinkumar
Bought by
Patel Yatinkumar and Menghani Manoj
Total Days on Market
90
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,703
Outstanding Balance
$283,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$540,121
Purchase Details
Listed on
Jun 29, 2018
Closed on
Oct 26, 2018
Sold by
Patek Lina
Bought by
Patel Yatinkumar
Seller's Agent
Matthew Cox
Equity Arizona Real Estate
Buyer's Agent
Matthew Cox
Equity Arizona Real Estate
List Price
$550,000
Sold Price
$522,000
Premium/Discount to List
-$28,000
-5.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$313,200
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 29, 2018
Closed on
Oct 15, 2018
Sold by
Menghani Prema
Bought by
Menghani Manoj
Seller's Agent
Matthew Cox
Equity Arizona Real Estate
Buyer's Agent
Matthew Cox
Equity Arizona Real Estate
List Price
$550,000
Sold Price
$522,000
Premium/Discount to List
-$28,000
-5.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,200
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 7, 2014
Closed on
Dec 2, 2014
Sold by
Kramer Raymond D and Kramer Anthonette C
Bought by
Cox Matthew
Seller's Agent
Randall Becker
Realty ONE Group
Buyer's Agent
SF Graff
Real Broker
List Price
$160,000
Sold Price
$225,000
Premium/Discount to List
$65,000
40.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.29%
Original Mortgage
$220,924
Interest Rate
3.96%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 3, 2005
Sold by
Kramer Raymond D
Bought by
825 3Rd Street Llc
Purchase Details
Closed on
May 23, 2005
Sold by
Kramer Anthonette C
Bought by
825 3Rd Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 22, 2005
Sold by
Sylvan Partners Llc
Bought by
Kramer Raymond D and Kramer Toni
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
3.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 5, 2002
Sold by
Myslis Bruce B and Dombrowski Marlene M
Bought by
Sylvan Partners Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.78%
Purchase Details
Closed on
Apr 8, 2002
Sold by
Sylvan Partners Llc
Bought by
Myslis Bruce B and Dombrowski Marlene M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.78%
Purchase Details
Closed on
Jun 14, 2001
Sold by
Myslis Bruce B and Sorensen Marlene M
Bought by
Sylvan Partners Llc
Purchase Details
Closed on
Dec 26, 2000
Sold by
Jacobsen Myrtle Grace
Bought by
Myslis Bruce B and Sorensen Marlene M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 17, 1998
Sold by
Jacobsen Andrew Boone and Jacobsen Myrtle Grace
Bought by
Jacobsen Andrew Boon and Jacobsen Myrtle Grace
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Yatinkumar | -- | Netco Title Company | |
| Patel Yatinkumar | -- | Jetclosing Inc | |
| Menghani Manoj | $522,000 | Jetclosing Inc | |
| Menghani Manoj | -- | Jetclosing Inc | |
| Cox Matthew | $225,000 | Grand Canyon Title Agency In | |
| 825 3Rd Street Llc | -- | -- | |
| 825 3Rd Street Llc | -- | -- | |
| Kramer Raymond D | $315,000 | Sunstate Title Agency Llc | |
| Sylvan Partners Llc | -- | -- | |
| Myslis Bruce B | -- | Lawyers Title Of Arizona Inc | |
| Sylvan Partners Llc | -- | -- | |
| Myslis Bruce B | $160,000 | Lawyers Title Of Arizona Inc | |
| Jacobsen Andrew Boon | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Yatinkumar | $313,703 | |
| Previous Owner | Menghani Manoj | $312,000 | |
| Previous Owner | Menghani Manoj | $313,200 | |
| Previous Owner | Cox Matthew | $325,000 | |
| Previous Owner | Cox Matthew | $215,935 | |
| Previous Owner | 825 3Rd Street Llc | $220,924 | |
| Previous Owner | Cox Matthew | $245,000 | |
| Previous Owner | Kramer Raymond D | $283,500 | |
| Previous Owner | Myslis Bruce B | $156,000 | |
| Previous Owner | Myslis Bruce B | $144,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2018 10/29/18 | Sold | $522,000 | -5.1% | $251 / Sq Ft |
| 10/08/2018 10/08/18 | For Sale | $550,000 | +5.4% | $264 / Sq Ft |
| 09/27/2018 09/27/18 | Pending | -- | -- | -- |
| 09/18/2018 09/18/18 | Off Market | $522,000 | -- | -- |
| 09/18/2018 09/18/18 | For Sale | $550,000 | 0.0% | $264 / Sq Ft |
| 09/18/2018 09/18/18 | Price Changed | $550,000 | 0.0% | $264 / Sq Ft |
| 06/29/2018 06/29/18 | For Sale | $550,000 | +144.4% | $264 / Sq Ft |
| 12/18/2014 12/18/14 | Sold | $225,000 | +40.6% | $108 / Sq Ft |
| 06/13/2014 06/13/14 | Pending | -- | -- | -- |
| 05/07/2014 05/07/14 | For Sale | $160,000 | -- | $77 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,707 | $15,235 | -- | -- |
| 2024 | $1,686 | $14,509 | -- | -- |
| 2023 | $1,686 | $68,470 | $13,690 | $54,780 |
| 2022 | $1,617 | $52,180 | $10,430 | $41,750 |
| 2021 | $1,628 | $45,230 | $9,040 | $36,190 |
| 2020 | $1,579 | $35,960 | $7,190 | $28,770 |
| 2019 | $1,549 | $27,750 | $5,550 | $22,200 |
| 2018 | $1,511 | $20,630 | $4,120 | $16,510 |
| 2017 | $1,466 | $19,830 | $3,960 | $15,870 |
| 2016 | $1,455 | $18,560 | $3,710 | $14,850 |
| 2015 | $1,398 | $15,970 | $3,190 | $12,780 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Cox
-
Randall Becker
Seller's Agent in 2014
Randall Becker
Realty One Group
(602) 910-7595
38 Total Sales
-
SF Graff
Buyer's Agent in 2014
SF Graff
Real Broker
(602) 989-7900
69 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5787201
APN: 124-31-096
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.
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
Nearby Homes
- 122 S Hardy Dr Unit 6
- 616 S Hardy Dr Unit 233
- 616 S Hardy Dr Unit 106
- 1061 W 5th St Unit 3
- 219 S Roosevelt St
- 219 S Roosevelt St
- 520 S Roosevelt St Unit 1009
- 605 S Roosevelt St
- 1065 W 1st St Unit 101
- 1065 W 1st St Unit 214
- 1065 W 1st St Unit 114
- 1065 W 1st St Unit 109
- 315 S Beck Ave
- 625 S Roosevelt St
- 820 W University Dr Unit 4
- 1081 W 1st St Unit 7
- 700 W University Dr Unit F203
- 421 W 5th St Unit 6
- 421 W 5th St
- 330 S Farmer Ave Unit 121