1027 W 5TH Street 16, Tempe, AZ 85281
$1,800,000
Property Type:
Land
Lot Size (sq. ft.):
62,291
Status:
Closed
Current Price:
$1,800,000
List Date:
1/13/2019
Last Modified:
1/02/2025
Description
Hard to find property in Coveted Tempe minutes from ASU. Many new zoning & improvements in area. lots of new luxury condos being built nearby. Three adjacent lots 1.43 Acres APN 124-36-013,APN 124-36-014,and APN 124-36-016 must sell together. currently zoned R-3 up to 28 units Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.
More Information MLS# 5715623
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,800,000
Sold Price: $1,800,000
Status: Closed
List Date: 2018-01-27
Location, Tax & Legal
Lot #: 16
Assessor's Map #: 36
Legal Description (Abbrev): N2 TR 27 EX W 300' & EX E 235' M/L .71 AC
Assessor's Parcel #: 16
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 4626
Map Code/Grid: R36
House Number: 1027
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2508
County Code: Maricopa
Assessor Number: 124-36-016
Tax Year: 2016
General Property Description
Apx Total Acres: 1.43
Apx Total Acres G/N: G
Price Per Acre: 1398601.4
# Lots in Listing: 3
Apx SqFt: 62290.8
Price Per SqFt: 32.11
Apx SqFt G/N: G
Lot Size Dimensions: 1.43 acres
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
High School: Tempe High School
Zoning: R3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 16
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 2200000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Parcel Size
1.00 - 2.49 Acres: 1
Current Density
16 - 20 Units P/Acre: 1
Proposed Density
26 - 30 Units P/Acre: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Gas
SW Gas: 1
Existing Structures
Residence: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 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: 5th St & Hardy
Directions: S On Hardy Rt @ 530 S Drive goes through Properties & exits between 1007 & 1027 W 5th St.
Geo Lat: 33.424971
Geo Lon: -111.953305
Status Change Info
Off Market Date: 2019-03-04
Under Contract Date: 2019-03-04
Close of Escrow Date: 2019-04-01
Sold Price: $1,800,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Current Density: 16 - 20 Units P/Acre
Proposed Density: 26 - 30 Units P/Acre
Existing Structures: Residence
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW 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: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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: Cash; Conventional; 1031 Exchange
Environmental: None
Fencing: Block
Listing Office:
Desert 2 Mountain Realty
Last Updated: January - 02 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.