1117 E SPENCE Avenue -, Tempe, AZ 85281

$855,000
Property Type: Land Lot Size (sq. ft.): 13,000 Status: Closed
Current Price: $855,000 List Date: 1/19/2023 Last Modified: 7/30/2024

Overview

Description

BEST DEAL IN TEMPE. IGNORE DAYS ON THE MARKET. PROJECT GOT FULLY APPROVED FOR CONSTRUCTION FEW MONTHS AGO. LOCATION, LOCATION, LOCATION, plus located in Tempe Opportunity Zone. Entitlements are issued and approved and project is ready to build. This project aims to construct 6 townhomes with an average size of over 2000 square feet. The design will feature modern amenities, efficient features and an attractive aesthetic to appeal to the target market. This parcel is located within walking distance from Arizona State University. The demand for newer and modern townhomes in Tempe is particularly high due to limited inventory in the area. This size new units in Tempe are selling between $700k-$800K. This is an amazing project for someone to build and make huge profit.

Listing Details MLS# 6509255

Location, Tax & Legal

Map Code/Grid
R37
House Number
1117
Compass
E
Street Name
SPENCE
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5849
Country
US
County Code
Maricopa
Assessor Number
133-09-019-A
Subdivision
HALSINGBORG
Tax Year
2022
Lot #
-
Assessor's Map #
9
Legal Description (Abbrev)
HALSINGBORG TR A N 133'
Assessor's Parcel #
19
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
319104
Taxes
2100

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.28
Apx Total Acres G/N
N
Price Per Acre
3839285.71
Apx SqFt
13000
Price Per SqFt
82.69
Apx SqFt G/N
G
Lot Size Dimensions
100x130
Zoning
R-4
Elementary School District
Tempe Elementary School District
Elementary School
Tempe Academy Of International Studies McKemy Campus
Jr. High School
Tempe High School
High School
Tempe High School

Remarks Misc

Cross Street
RURAL AND APACHE.
Directions
From Rural and Apache, Go south on Rural, East on Spence. Property is on the right Side.

Status Change Info

Off Market Date
2023-08-10
Under Contract Date
2023-08-05
Close of Escrow Date
2023-09-12

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
-

More Information

Contact Info

List Agent Home Phn
602-570-4643

Sold Info

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

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1075000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Gas

None
Yes

Irrigation

Underground Pipe
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Private
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

None
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Other (See Rmks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Private
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Soil Test
Yes
Boundary Survey Avlb
Yes
ALTA Survey Alba
Yes
Development Pln Aval
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .0 - .24 Acres Irrigation: Underground Pipe Sewer: Sewer - Public Electric: SRP Gas: None Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None Distance to Sewer: On Property Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Rmks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Private Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash Environmental: None Showing Notification Methods: Phone Call Lockbox Type: None
IDX
Listing Office: Realty ONE Group
Last Updated: July - 30 - 2024
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