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
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.
More Information MLS# 6509255
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $855,000
Sold Price: $855,000
Status: Closed
List Date: 2023-01-18
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 133-09-019-A
Subdivision: HALSINGBORG
Tax Year: 2022
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
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
Zoning: R-4
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: -
Special Listing Cond
N/A: 1
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: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
.0 - .24 Acres: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Gas
None: 1
Irrigation
Underground Pipe: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Private: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
None: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Other (See Rmks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Private: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Soil Test: 1
Boundary Survey Avlb: 1
ALTA Survey Alba: 1
Development Pln Aval: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-570-4643
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
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.
Geo Lat: 33.4127
Geo Lon: -111.921751
Status Change Info
Off Market Date: 2023-08-10
Under Contract Date: 2023-08-05
Close of Escrow Date: 2023-09-12
Sold Price: $855,000
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
Listing Office:
Realty ONE Group
Last Updated: July - 30 - 2024
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.