NOT LISTED FOR SALE

902 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $826,486 - $930,000

4 Beds
-- Bath
1,921 Sq Ft
$461/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $850,000 $442 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,806/month

88 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of February 2022

Welcome to Mariana Park Apartments. Located near ASU's Tempe campus, this fully occupied four-plex is tucked away in a quiet cul-de-sac. Property features all block construction, covered parking, new windows (on some units), central A/C, coin-operated leased laundry equipment, and mature landscaping. All units are 1bed/1bath. Rents of 900-$1150 per unit. Units are renovated and remodeled with laminate floors stainless steal appliances updated kitchen's. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/16/2021

Co-Listed By

Jason Carthen

Grace CRE License #SA673010000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,278

Year Built

  • Built in 1959

Lot Details

  • 8,233

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 132-73-149

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8,228 sqft
  • Mariana Park I Subdivision

Building Details

  • Operating Expense $11,898
  • Gross Income $52,186
  • Net Operating Income $40,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,278

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: University & Dorsey
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2020
  • Directions: From University Dr, turn south (right) onto Dorsey Ln, then turn right (west) onto Orange St, then right (north) onto Mariana St. Continue to the end of cul-de-sac.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2520.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Subdivision Name: MARIANA PARK I
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Other
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 8,228 sqft
  • Additional Parcels: No
  • Parcel #: 132-73-149

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 500.0
  • Annual Gross Income: 52186.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 40044.0
  • Annual Operating Expense: 11898.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1278.0
  • Tax Book Number: 132.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2021
Closed on
Feb 6, 2022
Sold by
Ng Properties Az Llc
Bought by
Nelson Amy Kathleen and Nelson James
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%
Current Estimated Value
$885,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,372
Avg. Annual Appreciation
1.11%
Original Mortgage
$600,000
Outstanding Balance
$557,213
Interest Rate
3.56%
Estimated Equity
$328,159

Purchase Details

Closed on
Oct 21, 2019
Sold by
Switzer Ralph V
Bought by
Ng Properties Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 8, 2016
Sold by
Mori Switzer Marielle
Bought by
Switzer Ralph Vincent
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
James Roberts
My Home Group Real Estate
List Price
$329,000
Sold Price
$298,000
Premium/Discount to List
-$31,000
-9.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%
Original Mortgage
$198,800
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2012
Sold by
Vazquez Martin D
Bought by
De La Torre Properties Ii Llc

Purchase Details

Closed on
Feb 3, 2012
Sold by
Vazquez Martin D
Bought by
De La Torre Properties Ii Llc

Purchase Details

Closed on
Nov 3, 2011
Sold by
Sanchez Blanca
Bought by
Vazquez Martin D

Purchase Details

Closed on
Oct 28, 2011
Sold by
De La Torre Properties Ii Llc
Bought by
Vazquez Martin D

Purchase Details

Closed on
Mar 20, 2008
Sold by
Vazquez Martin D
Bought by
De La Torre Properties Ii Llc

Purchase Details

Closed on
Feb 8, 2008
Sold by
De La Torre Properties Ii Llc
Bought by
Vazquez Martin D

Purchase Details

Closed on
Aug 27, 2005
Sold by
Vazquez Martin D
Bought by
De La Torre Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2005
Sold by
Islington Investments Llc
Bought by
Vazquez Martin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Nelson Amy Kathleen $850,000 Pioneer Title
Ng Properties Az Llc $1,000,000 American Title Svc Agcy Llc
Switzer Ralph Vincent -- Chicago Title Agency
Switzer Ralph Vincent $298,000 Chicago Title Agency
De La Torre Properties Ii Llc -- None Available
De La Torre Properties Ii Llc -- None Available
Vazquez Martin D -- Chicago Title
Vazquez Martin D -- Chicago Title
De La Torre Properties Ii Llc -- None Available
Vazquez Martin D -- First American Title Ins Co
De La Torre Properties Ii Llc $335,000 --
Vazquez Martin D $335,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Amy Kathleen $600,000
Previous Owner Ng Properties Az Llc $375,000
Previous Owner Switzer Ralph Vincent $198,800
Previous Owner Vazquez Martin D $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2022 02/09/22 Sold $850,000 -5.0% $442 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $895,000 +5.3% $466 / Sq Ft
12/23/2021 12/23/21 Off Market $850,000 -- --
10/26/2021 10/26/21 Price Changed $895,000 -10.1% $466 / Sq Ft
10/15/2021 10/15/21 For Sale $995,000 +233.9% $518 / Sq Ft
07/12/2016 07/12/16 Sold $298,000 -9.4% $155 / Sq Ft View Prior Sale
05/23/2016 05/23/16 For Sale $329,000 -- $171 / 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 $1,339 $11,954 -- --
2024 $1,323 $11,385 -- --
2023 $1,323 $63,560 $12,710 $50,850
2022 $1,269 $48,580 $9,710 $38,870
2021 $1,278 $40,580 $8,110 $32,470
2020 $1,239 $33,480 $6,690 $26,790
2019 $1,216 $25,570 $5,110 $20,460
2018 $1,185 $18,980 $3,790 $15,190
2017 $1,150 $18,060 $3,610 $14,450
2016 $1,142 $16,510 $3,300 $13,210
2015 $1,097 $16,520 $3,300 $13,220
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2022

    Sophia Baron

    Grace CRE

    (480) 375-0227

    4 in this area

    84 Total Sales

    Sophia Baron
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jason Carthen

    Grace CRE

    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

  • L

    Seller's Agent in 2016

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lois Kaipainen

    Income Property Shop

    Section Image
  • James Roberts

    Buyer's Agent in 2016

    James Roberts

    My Home Group

    (480) 227-4141

    16 Total Sales

    James Roberts
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6308106

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-149

Arizona Maricopa County Tempe 85281 Downtown Tempe

902 S Mariana St, Tempe, AZ

This home is located at 902 S Mariana St, Tempe, AZ 85281 since 16 October 2021 and is currently estimated at $885,372, approximately $460 per square foot. This property was built in 1959. 902 S Mariana St is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and New School for the Arts & Academics.

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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