903 S Mariana St Tempe, AZ 85281
Downtown Tempe Neighborhood
--
Bed
--
Bath
1,921
Sq Ft
10,062
Sq Ft Lot
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
About This Home
As of April 2022Welcome 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. The parcel adjoins 902 S Mariana St, which is also a 4-plex for sale at $660,000 (MLS #6124320). Each parcel may be purchased separately; or may be purchased as a portfolio for $1,320,000 million (MLS #6124825) Cap Rate on current rent estimated at 4%,cap with average rents of $829. ProForma Cap Rate estimated at 5.46 %, based on market rents of $1050 per unit. Property has a filled in pool that sits in a large court yard. Units have some updated units with granite counter tops and all tile floors. All facts and figures are approximate buyer verify MLS information. Drive by only tenants unaware of sale.
Last Buyer's Agent
William Shepler
Keller Williams Realty Sonoran Living License #SA689897000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,246
Year Built
- Built in 1959
Home Design
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Common or Shared Parking
Schools
- Flora Thew Elementary School
- Connolly Middle School
- Mcclintock High School
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 4
- Assessor Parcel Number 132-73-150
Community Details
Overview
- 4 Units
- Building Dimensions are 10,053 sqft
- Mariana Park I Subdivision
Building Details
- Operating Expense $12,409
- Gross Income $48,023
- Net Operating Income $35,576
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,449
Avg. Annual Appreciation
-0.04%
Original Mortgage
$671,250
Outstanding Balance
$648,509
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$245,426
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
14.72%
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
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
Similar Home in Tempe, AZ
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $895,000 | Old Republic Title | |
| Warranty Deed | -- | Fidelity National Title | |
| Warranty Deed | $650,000 | Fidelity Natl Ttl Agcy Inc | |
| Special Warranty Deed | $1,000,000 | American Title Svc Agcy Llc | |
| Cash Sale Deed | $190,000 | Grand Canyon Title Agency | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency In | |
| Warranty Deed | $244,000 | Empire Title Agency Of Arizo | |
| Trustee Deed | $229,800 | None Available | |
| Trustee Deed | $229,800 | None Available | |
| Quit Claim Deed | -- | Tsa Title Agency | |
| Warranty Deed | $415,000 | Tsa Title Agency | |
| Warranty Deed | -- | Tsa Title Agency | |
| Warranty Deed | $335,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $671,250 | New Conventional | |
| Closed | $671,250 | New Conventional | |
| Previous Owner | $487,500 | New Conventional | |
| Previous Owner | $375,000 | New Conventional | |
| Previous Owner | $183,000 | Purchase Money Mortgage | |
| Previous Owner | $2,000,000 | Unknown | |
| Previous Owner | $62,200 | Stand Alone Second | |
| Previous Owner | $332,000 | New Conventional | |
| Previous Owner | $251,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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
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 | $1,373 | $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
-
Buyer's Agent in 2022
Robert Dishman
Ownit Realty
(480) 217-9507
1 in this area
20 Total Sales
-
Seller's Agent in 2021
Joshua Willets
Grace CRE
(561) 473-4477
2 in this area
34 Total Sales
-
Seller Co-Listing Agent in 2021
Sophia Baron
Grace CRE
(480) 375-0227
4 in this area
87 Total Sales
-
B
Seller's Agent in 2014
Beth Jo Zeitzer
R.O.I. Properties
-
Buyer's Agent in 2014
John Angelo
Compass
(602) 616-1455
165 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6124806
APN: 132-73-150
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
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