NOT LISTED FOR SALE

925 E Apache Blvd Unit 1 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $2,388,137

11,304 Acres
$211 Price per Acre
492,402,200 Sq Ft Lot

Last Sold December 31, 2015

Last sale price $1,175,000

Est. 103% increase in value since last sale

Current estimated payment $13,938/month

90 Days on Market

Highlights

  • 11,304 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of December 2015

Less than 3 years old construction w/ 14 dedicated parking -across the street from ASU. Turnkey opportunity as bar/restaurant with Class-6 license or an investor convert the building for chain use - bosa donuts etc. Location is next to\across from largest multi-family housing in Tempe and 2 blocks from the light rail. Marriott conversion next lot over & large drug chain is currently looking to build next door for new high end store. Apache is the true commercial district with great traffic and walk to clientle. The closest bar to ASU if you want to serve liquor. not many opportunities to own commercial around ASU. This IS IT & new building needs no maintenance. 14 dedicated parking spaces. NO OTHER PROPERTIES LIKE THIS FOR SALE

Last Agent to Sell the Property

Steve Tseffos

HomeSmart Realty License #SA510838000 Listed on: 09/03/2015

Last Buyer's Agent

Steven Tseffos

HomeSmart License #SA510838000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,000

Year Built

  • 2012

Lot Details

  • 11,304 Acre Lot
  • Level Lot
  • 11,301 Lots in the community
  • Property is zoned Commercial

Schools

  • Broadmor Elementary School
  • Connolly Middle School
  • Mcclintock High School

Community Details

  • No Home Owners Association
  • District On Apache Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-10-122

Property Details

Property Type

Land

Est. Annual Taxes

$14,000

Year Built

2012

Lot Details

0

Listing Details

  • Cross Street: Rural and Apache
  • Property Type: Land
  • Topography: Level
  • Zoning: Commercial
  • Tax Year: 2015
  • Directions: East on Apache to property located on the South side of the street next to the Tempe Chamber of Commerce
  • Lot Size Acres: 11304.0
  • Subdivision Name: DISTRICT ON APACHE
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2012

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Rmks)
  • Other Structures: Other, See Remarks

Utilities

  • Electric: APS, Master Meter, Generator
  • Water Source: City Franchise
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Broadmor Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: Restaurant Bar
  • Lot Size Sq Ft: 14.0
  • Number Of Lots: 11301
  • Additional Parcels: No
  • Parcel #: 133-10-122
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14000.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2015
Closed on
Dec 28, 2015
Sold by
Franks Friendly Tavern Inc
Bought by
Chatt Cha Wann Llc
Seller's Agent
Steve Tseffos
HomeSmart Realty
Buyer's Agent
Steve Tseffos
HomeSmart Realty
List Price
$1,500,000
Sold Price
$1,175,000
Premium/Discount to List
-$325,000
-21.67%
Total Days on Market
90
Current Estimated Value
$2,388,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,213,137
Avg. Annual Appreciation
7.85%
Original Mortgage
$675,000
Outstanding Balance
$547,824
Interest Rate
3.94%
Mortgage Type
Seller Take Back
Estimated Equity
$1,847,530

Purchase Details

Listed on
Sep 3, 2015
Closed on
Dec 22, 2015
Sold by
Nguyen John Tran and Nguyen John P T
Bought by
Dong Lehui
Seller's Agent
Steve Tseffos
HomeSmart Realty
Buyer's Agent
Steve Tseffos
HomeSmart Realty
List Price
$1,500,000
Sold Price
$1,175,000
Premium/Discount to List
-$325,000
-21.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$547,824
Interest Rate
3.94%
Mortgage Type
Seller Take Back
Estimated Equity
$1,847,530

Purchase Details

Listed on
Sep 3, 2015
Closed on
Dec 17, 2015
Sold by
Baer Kevin C
Bought by
Baer Scott E
Seller's Agent
Steve Tseffos
HomeSmart Realty
Buyer's Agent
Steve Tseffos
HomeSmart Realty
List Price
$1,500,000
Sold Price
$1,175,000
Premium/Discount to List
-$325,000
-21.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$547,824
Interest Rate
3.94%
Mortgage Type
Seller Take Back
Estimated Equity
$1,847,530

Purchase Details

Closed on
Oct 25, 2015
Sold by
Baer Scott E
Bought by
Marblehead Holdings Llc

Purchase Details

Closed on
Jun 2, 2015
Sold by
Baer Tammi Anne
Bought by
Baer Kevin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,050
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2015
Sold by
Baer Kevin C
Bought by
Baer Scott E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,050
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2011
Sold by
Tempe Student Housing Llc
Bought by
Baer Kevin C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chatt Cha Wann Llc $1,175,000 Security Title Agency Inc
Dong Lehui -- Security Title Agency Inc
Franks Friendly Tavern Inc -- Security Title Agency Inc
Marblehead Holdings Llc -- None Available
Baer Kevin C -- Equity Title Agency Inc
Baer Scott E -- None Available
Baer Kevin C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chatt Cha Wann Llc $675,000
Previous Owner Baer Kevin C $253,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2015 12/31/15 Sold $1,175,000 -21.7% --
12/01/2015 12/01/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $1,500,000 -- --
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 $15,172 $131,341 -- --
2024 $15,444 $128,996 -- --
2023 $15,444 $155,210 $113,985 $41,225
2022 $15,250 $132,108 $103,793 $28,315
2021 $15,794 $145,080 $106,758 $38,322
2020 $15,314 $140,184 $101,880 $38,304
2019 $15,024 $129,474 $92,718 $36,756
2018 $14,651 $136,134 $100,026 $36,108
2017 $14,215 $128,646 $92,628 $36,018
2016 $14,115 $110,034 $77,184 $32,850
2015 $13,933 $94,184 $68,247 $25,937
Source: Public Records

Agents Affiliated with this Home

  • Steve Tseffos

    Seller's Agent in 2015

    Steve Tseffos

    HomeSmart Realty

    (480) 203-6699

    2 Total Sales

    Steve Tseffos
    Section Image

  • S

    Buyer's Agent in 2015

    Steven Tseffos

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5329280

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-10-122

Arizona Maricopa County Tempe 85281 Downtown Tempe

925 E Apache Blvd Unit 1, Tempe, AZ

This home is located at 925 E Apache Blvd Unit 1, Tempe, AZ 85281 since 03 September 2015 and is currently estimated at $2,388,137. This property was built in 2012. 925 E Apache Blvd Unit 1 is a home located in Maricopa County with nearby schools including Curry Elementary School, Connolly Middle School, and McClintock High School.

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

Nearby Homes