NOT LISTED FOR SALE

Estimated Value: $541,580

Studio
-- Bath
1,584 Sq Ft
$342/Sq Ft Est. Value

Sale Details

Date Sold: December 24, 2024

Last sale price $589,000 $372 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,097 / mo

Highlights

  • Patio
  • Landscaped
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Central Air
  • Fenced

About This Home

As of December 2024

Beautiful remodeled duplex in Tempe, perfect for investors looking for a turnkey property in a prime location. This stunning property features 2 bed 1 bath units.
The interior of both sides of duplex have been completely renovated with modern finishes, including new flooring, fresh paint, and updated fixtures throughout. The kitchens have been updated with new quartz countertops, and newer appliances. The bathrooms have also been remodeled with new vanities, toilets, and tiled showers. Large Backyards featuring turf and a built in fire pit with pavers. Located in the heart of Tempe, this duplex is just minutes away from Arizona State University, Tempe Town Lake, and numerous shopping and dining options. Would make great long or short term rental!

Last Agent to Sell the Property

Mike Ratzken

Two Brothers Realty & Co License #BR636869000 Listed on: 11/29/2024

Co-Listed By

Lauren Ratzken

Two Brothers Realty & Co License #SA660356000

Last Buyer's Agent

Alisha Anderson

Real Broker License #SA632752000

Real Broker
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,410

Year Built

  • Built in 1962

Lot Details

  • Fenced
  • Landscaped

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Cecil Shamley Elementary School
  • Mckemy Middle School
  • Mcclintock High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV, landscaping
  • The owner pays for water, sewer, trash collection
  • Tax Lot 131
  • Assessor Parcel Number 132-12-131

Community Details

Overview

  • 2 Units
  • Building Dimensions are 60x127.02
  • North Tempe Subdivision

Building Details

  • Operating Expense $3,250
  • Gross Income $160,560
  • Net Operating Income $3,245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,410

Year Built

Built in 1962

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: SCOTTSDALE RD & CURRY
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: twbr001
  • Co List Office Phone: 602-413-4753
  • Subdivision Name: NORTH TEMPE
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire Sprinklers, Fire/Smoke Alarm(s)

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Foam, Rolled/Hot Mop
  • Exterior Amenities: Green Landscaping, Fenced, Cable TV Available, Patio/Balcony

Garage/Parking

  • Parking Features: Paved, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: Paved, <1 Space Per Unit, On Street

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric, Natural Gas, Heat Pump
  • Security: Fire Sprinklers
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Cecil Shamley School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: 60x127.02
  • Additional Parcels: No
  • Parcel #: 132-12-131

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity, Gas, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 160560.0
  • Insurance Expense: 640.0
  • Property Net Operating Income: 3245.0
  • Annual Operating Expense: 3250.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1410.0
  • Tax Book Number: 132.0
  • Tax Lot: 131

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Dec 17, 2024
Sold by
Bought by
Seller's Agent
Mike Ratzken
Two Brothers Realty & Co
Buyer's Agent
Alisha Anderson
Real Broker
List Price
$589,000
Sold Price
$589,000
Views
1
Current Estimated Value
$541,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,420
Avg. Annual Appreciation
-5.02%
Original Mortgage
$559,550
Outstanding Balance
$550,519
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
-$8,939

Purchase Details

Listed on
Mar 11, 2019
Closed on
Apr 30, 2019
Sold by
Bought by
Seller's Agent
Pat Hood
HomeSmart
Buyer's Agent
Mike Ratzken
Two Brothers Realty & Co
List Price
$275,000
Sold Price
$272,000
Premium/Discount to List
-$3,000
-1.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.91%
Original Mortgage
$266,091
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$589,000 Navi Title Agency
$272,000 Equity Title Agency Inc
-- Transnation Title Ins Co
-- Transnation Title Ins Co
-- Chicago Title Insurance Co
-- Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $559,550
Previous Owner $266,091
Previous Owner $266,091
Previous Owner $93,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2024 12/24/24 Sold $589,000 0.0% $372 / Sq Ft
11/30/2024 11/30/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $589,000 +116.5% $372 / Sq Ft
06/06/2019 06/06/19 Sold $272,000 -1.1% $172 / Sq Ft View Prior Sale
05/27/2019 05/27/19 For Sale $275,000 0.0% $174 / Sq Ft
05/27/2019 05/27/19 Price Changed $275,000 0.0% $174 / Sq Ft
05/03/2019 05/03/19 For Sale $275,000 0.0% $174 / Sq Ft
05/03/2019 05/03/19 Price Changed $275,000 0.0% $174 / Sq Ft
04/15/2019 04/15/19 For Sale $275,000 +1.1% $174 / Sq Ft
04/06/2019 04/06/19 Off Market $272,000 -- --
03/11/2019 03/11/19 For Sale $275,000 -- $174 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,508 $12,584
2024 $1,393 $11,984
2023 $1,393 $32,270 $6,450 $25,820
2022 $1,336 $26,220 $5,240 $20,980
2021 $1,345 $21,770 $4,350 $17,420
2020 $1,304 $18,970 $3,790 $15,180
2019 $1,279 $17,880 $3,570 $14,310
2018 $1,248 $15,180 $3,030 $12,150
2017 $1,211 $12,920 $2,580 $10,340
2016 $1,202 $10,550 $2,110 $8,440
2015 $1,154 $9,750 $1,950 $7,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6788171

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-12-131

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