NOT LISTED FOR SALE

959 S Ash Ave Tempe, AZ 85281

Maple Ash Neighborhood

Estimated Value: $798,000 - $4,341,000

18 Beds
1 Bath
896 Sq Ft
$3,198/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $3,900,000 $4,353 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $16,144/month

61 Days on Market

Highlights

  • Wood Flooring
  • 16 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of July 2022

The District on Ash, is a unique community of seven quality constructed townhomes Located in a residential neighborhood within minutes to downtown Tempe, Mill Avenue and Arizona State University. Numerous dining, shopping and entertainment options are within walking distance of the community. All units have unique floorplans, complete with hard wood floors, gas ranges, granite countertops, ceramic farm sinks and in-unit laundry rooms. Some of the units have attached
double garages. oversized porches and extensive storage. Residents can enjoy outdoor living in a trendy, urban setting.

Last Agent to Sell the Property

Ken Rembold

HomeSmart License #SA576944000 Listed on: 04/25/2022

HomeSmart

Last Buyer's Agent

Ian Johnson

Libertas Real Estate License #BR632935000

Libertas Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,571

Year Built

  • Built in 2013

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Wood Flooring

Parking

  • 16 Car Attached Garage
  • 6 Open Parking Spaces
  • Over 1 Space Per Unit
  • Automatic Garage Door Opener
  • On-Street Parking
  • Assigned Parking

Schools

  • Tavan Elementary School
  • Tempe High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 1
  • Assessor Parcel Number 132-42-118

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 19,948
  • Ash Estates Subdivision

Building Details

  • Operating Expense $45,599
  • Gross Income $265,567
  • Net Operating Income $223,854

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,571

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Cross Street: Mill and University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 2013
  • Tax Year: 2021
  • Directions: West on University from Mill to Ash. South on Ash to the property on the East side of the street.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 12500.0
  • Subdivision Name: ASH ESTATES
  • Garage Yn: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Steel Frame, Wood Frame, Siding, Painted
  • Roof: Composition
  • Construction:Steel Frame: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved, Assigned, Garage Door Opener, Attached, >1 Space Per Unit, On Street
  • Attached Garage: Yes
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Electric, Heat Pump, Individual
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Elementary School: Tavan Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 19,948
  • Additional Parcels: No
  • Parcel #: 132-42-118

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 755.0
  • Annual Gross Income: 265566.6
  • Insurance Expense: 3421.0
  • Maintenance Expense: 2100.0
  • Property Net Operating Income: 223854.0
  • Annual Operating Expense: 45599.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 11571.0
  • Tax Book Number: 132.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jul 22, 2022
Sold by
Landalco Llc
Bought by
Night Owl Investments Llc
Seller's Agent
Ken Rembold
HomeSmart
Buyer's Agent
Ian Johnson
Libertas Real Estate
List Price
$4,400,000
Sold Price
$3,900,000
Premium/Discount to List
-$500,000
-11.36%
Current Estimated Value
$2,865,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,034,491
Avg. Annual Appreciation
-10.47%
Original Mortgage
$1,750,000
Outstanding Balance
$1,377,081
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$1,369,791

Purchase Details

Closed on
Mar 17, 2021
Sold by
Cranmer Elizabeth and The Cranmer Family Trust
Bought by
Landalco Llc

Purchase Details

Closed on
Aug 30, 2018
Sold by
Ash Property Resurrection Llc
Bought by
Cranmer Lee D and Cranmer Elizabeth

Purchase Details

Closed on
Mar 25, 2009
Sold by
Royse Edward E and Royse Melany Stephanie
Bought by
Menting Irene

Purchase Details

Closed on
Jul 19, 1999
Sold by
Royse Helen L
Bought by
Royse Helen L
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Night Owl Investments Llc $3,900,000 Title Security Agency
Landalco Llc $3,550,000 Old Republic Title Agency
Cranmer Lee D $2,750,000 American Title Service Agenc
Menting Irene -- The Talon Group
Menting Irene $295,000 The Talon Group Tempe Rural
Royse Helen L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Night Owl Investments Llc $1,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $3,900,000 -2.3% $4,353 / Sq Ft
06/25/2022 06/25/22 Pending -- -- --
05/25/2022 05/25/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $3,990,000 -9.3% $4,453 / Sq Ft
04/25/2022 04/25/22 For Sale $4,400,000 0.0% $4,911 / Sq Ft
09/11/2021 09/11/21 Rented $1,800 0.0% --
09/06/2021 09/06/21 Under Contract -- -- --
09/03/2021 09/03/21 For Rent $1,800 +28.6% --
08/12/2017 08/12/17 Rented $1,400 0.0% --
07/26/2017 07/26/17 For Rent $1,400 0.0% --
03/05/2016 03/05/16 Rented $1,400 0.0% --
12/22/2015 12/22/15 For Rent $1,400 -- --
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 $12,126 $108,250 -- --
2024 $11,980 $103,095 -- --
2023 $11,980 $322,420 $64,480 $257,940
2022 $11,491 $305,820 $61,160 $244,660
2021 $11,571 $2,550,200 $510,000 $2,040,200
2020 $11,220 $150,100 $30,020 $120,080
2019 $11,007 $123,410 $24,680 $98,730
2018 $10,733 $103,220 $20,640 $82,580
2017 $10,414 $85,300 $17,060 $68,240
2016 $10,341 $82,920 $16,580 $66,340
2015 $9,932 $85,200 $17,040 $68,160
Source: Public Records

Agents Affiliated with this Home

  • Ken Rembold

    Seller's Agent in 2022

    Ken Rembold

    HomeSmart

    (480) 688-2856

    1 in this area

    26 Total Sales

    Ken Rembold
    Section Image
  • Ian Johnson

    Buyer's Agent in 2022

    Ian Johnson

    Libertas Real Estate

    (201) 264-1012

    1 in this area

    5 Total Sales

    Ian Johnson
    Section Image

  • T

    Seller's Agent in 2021

    Taylor Clement

    Russ Lyon Sotheby's International Realty

    Section Image
  • Lauri Majewski

    Seller's Agent in 2017

    Lauri Majewski

    Century 21 Arizona Foothills

    (602) 790-5383

    6 Total Sales

    Lauri Majewski
    Section Image
  • Jacob Chapman

    Buyer's Agent in 2017

    Jacob Chapman

    Realty85

    (602) 502-3008

    118 Total Sales

    Jacob Chapman
    Section Image

  • P

    Buyer's Agent in 2016

    Patty Kalanish

    Century 21 Arizona Foothills

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6388751

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-42-118

Arizona Maricopa County Tempe 85281 Maple Ash

959 S Ash Ave, Tempe, AZ

This home is located at 959 S Ash Ave, Tempe, AZ 85281 since 25 April 2022 and is currently estimated at $2,865,509, approximately $3,198 per square foot. This property was built in 2013. 959 S Ash Ave is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and New School for the Arts & Academics.

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

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