1202 S ROOSEVELT Street 50, Tempe, AZ 85281

$700,000
Property Type: Land Lot Size (sq. ft.): 9,872 Status: Closed
Current Price: $700,000 List Date: 4/06/2022 Last Modified: 1/13/2025

Overview

Description

TWO R-2 multi-family zoned lots corner near DWTWN Tempe/ASU. Recent lot split application allows for TWO homes each w/TWO UNITS per home - 2,200 sq.ft. main home w/800 sq. ft. rental above 2-car garage. (When you build 2 new houses you end up w/ four units total on 2 adjacent lots) 1 of the new homes will face Roosevelt the other 12th Street. Purchase includes shovel ready architectural/engineered building plan approved by the city. You are not required to use our plans but the lot purchase price reflects the cost of the architect, engineer and survey. New homeowner can offset mortgage w/ unit over the garage. Add a basement to these plans and you have three levels. Very desirable ASU neighborhood w/ new homes on each corner of 12th/Roosevelt.

Listing Details MLS# 6379140

Location, Tax & Legal

Map Code/Grid
R36
House Number
1202
Compass
S
Street Name
ROOSEVELT
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5451
Country
US
County Code
Maricopa
Assessor Number
124-70-140
Subdivision
STATE COLLEGE HOMES ANNEX LOTS 50-54
Tax Year
2021
Lot #
50
Assessor's Map #
70
Legal Description (Abbrev)
LOT 50 STATE COLLEGE HOMES ANNEX LOTS 50-54 MCR 004816
Assessor's Parcel #
140
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318900
Taxes
1796

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.23
Apx Total Acres G/N
N
Price Per Acre
3043478.26
# Lots in Listing
2
# Units Allowed
4
Apx SqFt
9872
Price Per SqFt
70.91
Apx SqFt G/N
N
Lot Size Dimensions
each lot 63 x 79
Horses
N
Zoning
R2
Elementary School
Broadmor Elementary School
Jr. High School
McKemy Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Mill & University
Directions
South to 13th street West on 13th street to Roosevelt. North to property

Status Change Info

Off Market Date
2022-04-13
Under Contract Date
2022-04-11
Close of Escrow Date
2022-06-01

Legal Info

Township
1N
Range
4E
Section
21
Lot Number
50

More Information

Contact Info

List Agent Home Phn
6026923900

Sold Info

Loan Type
Conventional
Loan Years
30
Closing Cost Split
Normal - N
Payment Type
Fixed
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

Owner/Agent
Yes

Pmt & Rate Info

Equity
700000
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
Residential Acreage
Yes

Zoned Presently

Multi-Family
Yes
Other (See Rmks)
Yes

Potential Use

Multi-Family
Yes
See Remarks
Yes

Parcel Size

.0 - .24 Acres
Yes

Land Features

Corner Lot
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Traffic Count

Up to 5,000
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Distance to Electric

On Property
Yes

Distance to Gas

On Property
Yes

Distance to Sewer

On Property
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Residential Lot; Residential Acreage Zoned Presently: Multi-Family; Other (See Rmks) Potential Use: Multi-Family; See Remarks Parcel Size: .0 - .24 Acres Land Features: Corner Lot Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: Up to 5,000 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 New Financing: Cash; Conventional; 1031 Exchange Environmental: None Showing Notification Methods: Phone Call Lockbox Type: None
IDX
Listing Office: HomeSmart
Last Updated: January - 13 - 2025
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