NOT LISTED FOR SALE

903 S Mariana St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $828,280 - $976,000

4 Beds
-- Bath
1,921 Sq Ft
$466/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $895,000 $466 Per Sq Ft

Current estimated payment $4,803/month

3 Days on Market

About This Home

As of April 2022

This is Mariana Park. A fully block construction, fully occupied and cashflowing fourplex located just a ten minute walk away from the Tempe campus of Arizona State University. No HOA. 100% 1bed/1bath with central A/C.. Covered parking.

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

William Shepler

Keller Williams Realty Phoenix License #SA689897000 Listed on: 03/07/2022

Last Buyer's Agent

Robert Dishman

Ownit Realty License #SA627419000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,310

Year Built

  • Built in 1959

Lot Details

  • 10,062

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • Carport

Schools

  • Flora Thew Elementary School
  • Connolly Middle School
  • Mcclintock High School

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 132-73-150

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,053
  • Mariana Park I Subdivision

Building Details

  • Operating Expense $1,310
  • Gross Income $44,232
  • Net Operating Income $35,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,310

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: University Dr & Dorsey
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: MARIANA PARK I
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Flora Thew Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 10,053
  • Additional Parcels: No
  • Parcel #: 132-73-150

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 44232.0
  • Property Net Operating Income: 35364.18
  • Annual Operating Expense: 1310.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1310.0
  • Tax Book Number: 132.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
Apr 13, 2022
Sold by
Altered Realty Llc
Bought by
Nguyen Chad
Seller's Agent
William Shepler
Keller Williams Realty Phoenix
Buyer's Agent
Robert Dishman
Ownit Realty
List Price
$895,000
Sold Price
$895,000
Current Estimated Value
$894,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$680
Avg. Annual Appreciation
-0.02%
Original Mortgage
$671,250
Outstanding Balance
$644,236
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$250,084

Purchase Details

Listed on
Aug 30, 2020
Closed on
Apr 2, 2021
Sold by
Shepler William and Heitlinger Jenna
Bought by
Altered Realty Llc
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
William Shepler
Keller Williams Realty Sonoran Living
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.47%
Original Mortgage
$487,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 30, 2020
Closed on
Mar 11, 2021
Sold by
Ng Properties Az Llc
Bought by
Shepler William and Heitlinger Jenna
Seller's Agent
Joshua Willets
Grace CRE
Buyer's Agent
William Shepler
Keller Williams Realty Sonoran Living
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
2.7%
Mortgage Type
New Conventional

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
Feb 3, 2014
Closed on
Apr 15, 2014
Sold by
R O I Properties Llc
Bought by
Switzer Ralph V
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
John Angelo
Compass
List Price
$185,000
Sold Price
$190,000
Premium/Discount to List
$5,000
2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.34%

Purchase Details

Listed on
Feb 3, 2014
Closed on
Apr 14, 2014
Sold by
Mori Switzer Marielle
Bought by
Switzer Ralph V
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
John Angelo
Compass
List Price
$185,000
Sold Price
$190,000
Premium/Discount to List
$5,000
2.7%

Purchase Details

Closed on
Jun 3, 2008
Sold by
Ts 8 Llc
Bought by
Karlsson Ventures Viking Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2008
Sold by
Taryle Warren and Taryle Diana
Bought by
Tss Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2008
Sold by
Taryle Warren and Taryle Diana
Bought by
U S Bank Na and Csmc Mortgage Backed Pass Through Certif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2007
Sold by
Taryle Warren and Taryle Diana
Bought by
Campus Towers Llc

Purchase Details

Closed on
Dec 5, 2006
Sold by
903 S Mariana Llc
Bought by
Taryle Warren and Taryle Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2005
Sold by
Reid Carol
Bought by
903 S Mariana Llc

Purchase Details

Closed on
Jul 29, 2005
Sold by
Islington Investments Llc
Bought by
Reid Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
1.37%
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
Nguyen Chad $895,000 Old Republic Title
Altered Realty Llc -- Fidelity National Title
Shepler William $650,000 Fidelity Natl Ttl Agcy Inc
Ng Properties Az Llc $1,000,000 American Title Svc Agcy Llc
Switzer Ralph V $190,000 Grand Canyon Title Agency
Switzer Ralph V -- Grand Canyon Title Agency In
Karlsson Ventures Viking Llc $244,000 Empire Title Agency Of Arizo
Tss Llc $229,800 None Available
U S Bank Na $229,800 None Available
Campus Towers Llc -- Tsa Title Agency
Taryle Warren $415,000 Tsa Title Agency
903 S Mariana Llc -- Tsa Title Agency
Reid Carol $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Chad $671,250
Previous Owner Shepler William $487,500
Previous Owner Ng Properties Az Llc $375,000
Previous Owner Karlsson Ventures Viking Llc $183,000
Previous Owner Taryle Warren $332,000
Previous Owner Reid Carol $251,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2022 04/15/22 Sold $895,000 0.0% $466 / Sq Ft
03/07/2022 03/07/22 For Sale $895,000 +37.7% $466 / Sq Ft
03/15/2021 03/15/21 Sold $650,000 0.0% $338 / Sq Ft View Prior Sale
02/15/2021 02/15/21 Pending -- -- --
01/06/2021 01/06/21 Off Market $650,000 -- --
10/06/2020 10/06/20 Price Changed $660,000 -5.0% $344 / Sq Ft
09/25/2020 09/25/20 Price Changed $695,000 -0.7% $362 / Sq Ft
08/28/2020 08/28/20 For Sale $700,000 +268.4% $364 / Sq Ft
04/17/2014 04/17/14 Sold $190,000 +2.7% $99 / Sq Ft View Prior Sale
02/20/2014 02/20/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $185,000 -- $96 / 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 $1,469 $12,255 -- --
2024 $1,356 $11,671 -- --
2023 $1,356 $64,980 $12,990 $51,990
2022 $1,301 $49,620 $9,920 $39,700
2021 $1,310 $41,730 $8,340 $33,390
2020 $1,270 $34,420 $6,880 $27,540
2019 $1,246 $26,060 $5,210 $20,850
2018 $1,215 $19,300 $3,860 $15,440
2017 $1,179 $18,320 $3,660 $14,660
2016 $1,171 $16,870 $3,370 $13,500
2015 $1,124 $16,800 $3,360 $13,440
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    William Shepler

    Keller Williams Realty Phoenix

  • Robert Dishman

    Buyer's Agent in 2022

    Robert Dishman

    Ownit Realty

    (480) 217-9507

    1 in this area

    17 Total Sales

    Robert Dishman
    Section Image
  • Joshua Willets

    Seller's Agent in 2021

    Joshua Willets

    Grace CRE

    (561) 473-4477

    3 in this area

    28 Total Sales

    Joshua Willets
    Section Image
  • Sophia Baron

    Seller Co-Listing Agent in 2021

    Sophia Baron

    Grace CRE

    (480) 375-0227

    7 in this area

    81 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller's Agent in 2014

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • John Angelo

    Buyer's Agent in 2014

    John Angelo

    Compass

    (602) 616-1455

    1 in this area

    167 Total Sales

    John Angelo
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6366272

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-150

Arizona Maricopa County Tempe 85281 Downtown Tempe

903 S Mariana St, Tempe, AZ

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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