1020 E SPENCE Avenue 9, Tempe, AZ 85281
$630,000
Property Type:
Land
Lot Size (sq. ft.):
30,700
Status:
Closed
Current Price:
$630,000
List Date:
10/05/2015
Last Modified:
11/30/2015
Description
Great location for an apartment complex. Close to ASU - Walking Distance. With this space, city suggests that you can put between 45 to 65 units on this property.
More Information MLS# 5255142
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $630,000
Sold Price: $630,000
Status: Closed
List Date: 2015-03-23
Location, Tax & Legal
Lot #: 9
Assessor's Map #: 10
Legal Description (Abbrev): JEN TILLY TERRACE LOTS 19-29 /TR A/
Assessor's Parcel #: 16
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319104
Taxes: 11816
Map Code/Grid: R37
House Number: 1020
Compass: E
Street Name: SPENCE
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 133-10-016-A
Subdivision: Jen Tilly Terrace Lots
Tax Year: 2013
General Property Description
Apx Total Acres: 0.7
Apx Total Acres G/N: G
Price Per Acre: 941428.57
Apx SqFt: 30700
Price Per SqFt: 21.47
Apx SqFt G/N: G
Lot Size Dimensions: 100x308
Horses: N
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Joseph P. Spracale Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School
Zoning: R4
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 9
Special Listing Cond
N/A: 1
Pmt & Rate Info
Down Payment: 0
Equity: 659000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
PAD Paid (Freq): Annually
Assessed Balance: 0
HOA 2 Y/N: N
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
.50 - .99 Acres: 1
Current Density
21 - 25 Units P/Acre: 1
Proposed Density
21 - 25 Units P/Acre: 1
Development Status
Raw Land: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Gas
City Gas: 1
Distance to Cable
On Property: 1
New Financing
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Conventional: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Fixed: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Non Assumable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Soil Test: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Apache & S. Rural
Geo Lat: 33.412989
Geo Lon: -111.923442
Status Change Info
Off Market Date: 2015-11-30
Under Contract Date: 2015-08-12
Close of Escrow Date: 2015-11-30
Sold Price: $630,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Commercial Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: .50 - .99 Acres
Current Density: 21 - 25 Units P/Acre
Proposed Density: 21 - 25 Units P/Acre
Development Status: Raw Land
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: City Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Conventional
Environmental: Phase I Available
Listing Office:
LRA Real Estate Group, LLC
Last Updated: November - 30 - 2015
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