$625,000
SOLD DEC 27, 2021
0.23 Acre
$2,717,391 Price per Acre
10,000 Sq Ft Lot

Recently Sold

4% Below List Price

37 Days on Market

About This Lot

As of February 2025

Attention Developers. Rare urban multi family infill lot three blocks from ASU. Property has been re-zoned for 4 units as illustrated in the pictures. Building plans are in approval process: 3 levels, approximate building height 30 feet, roof deck, approximate livable area 9,211 SF. Steps to Whole Foods, Oregano's, Chili's, Pita Jungle, Starbucks and much more dining and shopping on Mill and University Avenue. This development is sure to be in high demand and maintain high rents. This property is surrounded by the ASU experience. Seller financing available.

Last Agent to Sell the Property

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 09/21/2021

Last Buyer's Agent

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 09/21/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,254

Lot Details

  • 10,000 Sq Ft Lot
  • Property is zoned M-H, R-3

Community Details

  • No Home Owners Association
  • Goodwin Homes Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 124-69-075

Property Details

Property Type

Land

Est. Annual Taxes

$3,254

Lot Details

0

Listing Details

  • Cross Street: University and Mill
  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: M-H, R-3
  • Tax Year: 2021
  • Directions: West on University to Wilson, South to property
  • Lot Size Acres: 0.23
  • Subdivision Name: GOODWIN HOMES
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Disclosures: None

Utilities

  • Electric: Other (See Rmks)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 10000.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 124-69-075
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3254.0
  • Tax Book Number: 124.00
  • Tax Lot: 5
  • Tax Map Number: 69.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2025
Closed on
Feb 28, 2025
Sold by
Lyfe Group Llc
Bought by
Yacko Melanie
Seller's Agent
Molly Rodham
Compass
Buyer's Agent
Tanner Walker
Aurumys
List Price
$500,000
Sold Price
$485,000
Premium/Discount to List
-$15,000
-3%
Views
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
17.18%
Original Mortgage
$260,000
Outstanding Balance
$259,576
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$254,728

Purchase Details

Listed on
Sep 21, 2021
Closed on
Dec 15, 2021
Sold by
Bradland Enterprises Llc
Bought by
Lyfe Group Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.69%
Original Mortgage
$475,000
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2017
Sold by
J & G Strategic Investments Llc
Bought by
Bradland Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 12, 2013
Sold by
Hubele Faye Murfee and Hubele Donald Wayne
Bought by
J & G Strategic Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.36%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $485,000 First American Title Insurance
Warranty Deed $634,000 Old Republic Title Agency
Cash Sale Deed $260,000 American Title Svc Agency Ll
Warranty Deed $154,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $475,000 Commercial
Previous Owner $300,000 Balloon
Previous Owner $10,000 Unknown
Previous Owner $144,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $545,000 +12.4% --
02/27/2025 02/27/25 Sold $485,000 -3.0% --
01/29/2025 01/29/25 For Sale $500,000 -20.0% --
12/27/2021 12/27/21 Sold $625,000 -3.8% --
09/21/2021 09/21/21 For Sale $650,000 -- --
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 $3,410 $30,445 $30,445 --
2024 $3,369 $28,995 $28,995 --
2023 $3,369 $60,045 $60,045 $0
2022 $3,232 $54,300 $54,300 $0
2021 $3,254 $51,645 $51,645 $0
2020 $3,155 $41,850 $41,850 $0
2019 $1,138 $16,020 $3,200 $12,820
2018 $1,110 $14,770 $2,950 $11,820
2017 $1,077 $12,250 $2,450 $9,800
2016 $1,069 $11,810 $2,360 $9,450
2015 $1,027 $10,080 $2,010 $8,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6296541

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-69-075