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

Overview

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.

Listing Details MLS# 5255142

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
133-10-016-A
Subdivision
Jen Tilly Terrace Lots
Tax Year
2013
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

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

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
Zoning
R4
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

Remarks Misc

Cross Street
Apache & S. Rural

Status Change Info

Off Market Date
2015-11-30
Under Contract Date
2015-08-12
Close of Escrow Date
2015-11-30

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
9

More Information

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Payment Type
Other
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

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
Yes
Commercial Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

.50 - .99 Acres
Yes

Current Density

21 - 25 Units P/Acre
Yes

Proposed Density

21 - 25 Units P/Acre
Yes

Development Status

Raw Land
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Gas

City Gas
Yes

Distance to Cable

On Property
Yes

New Financing

Conventional
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Conventional
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Fixed
Yes

Distance to Gas

On Property
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Soil Test
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Phase I Available
Yes

Existing Other Loan

Not Applicable
Yes

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
IDX
Listing Office: LRA Real Estate Group, LLC
Last Updated: November - 30 - 2015
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