$485,000
SOLD FEB 27, 2025
0.23 Acre
$2,108,696 Price per Acre
10,000 Sq Ft Lot

Recently Sold

3% Below List Price

14 Days on Market

About This Lot

As of February 2025

Rare opportunity for an urban multi-family infill lot just three blocks from ASU. The property is re-zoned for 4 units, with building plans currently in the approval process. Located steps away from popular dining, shopping, and amenities on Mill and University Avenue, including Whole Foods, Oregano's, Pita Jungle, Starbucks, and more. Positioned at the heart of the ASU experience, this development promises strong demand and excellent rental potential

Last Agent to Sell the Property

Molly Rodham

Compass License #SA657835000 Listed on: 01/29/2025

Compass

Co-Listed By

Jared Rodham

Compass License #SA660706000

Last Buyer's Agent

Tanner Walker

Aurumys License #SA703621000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,410

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

$3,410

Lot Details

0

Listing Details

  • Cross Street: University and Mill
  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: M-H, R-3
  • Tax Year: 2024
  • Directions: West on University to Wilson, South to property
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: GOODWIN HOMES
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family

Exterior Features

  • Disclosures: Seller Prop Disc Stm

Utilities

  • Electric: Other (See Rmks)
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Tempe Union High School District

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: 3410.0
  • 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: 6812411

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-69-075