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
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.
More Information MLS# 6379140
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $700,000
Sold Price: $700,000
Status: Closed
List Date: 2022-04-05
Location, Tax & Legal
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
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
County Code: Maricopa
Assessor Number: 124-70-140
Subdivision: STATE COLLEGE HOMES ANNEX LOTS 50-54
Tax Year: 2021
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
Elementary School: Broadmor Elementary School
Jr. High School: McKemy Middle School
High School: Tempe High School
Zoning: R2
Legal Info
Range: 4E
Section: 21
Township: 1N
Lot Number: 50
Special Listing Cond
Owner/Agent: 1
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: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Residential Acreage: 1
Zoned Presently
Multi-Family: 1
Other (See Rmks): 1
Potential Use
Multi-Family: 1
See Remarks: 1
Parcel Size
.0 - .24 Acres: 1
Land Features
Corner Lot: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
Up to 5,000: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Gas
SW Gas: 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
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
None: 1
Environmental
None: 1
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 to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Mill & University
Directions: South to 13th street West on 13th street to Roosevelt. North to property
Geo Lat: 33.415915
Geo Lon: -111.947611
Status Change Info
Off Market Date: 2022-04-13
Under Contract Date: 2022-04-11
Close of Escrow Date: 2022-06-01
Sold Price: $700,000
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
Listing Office:
HomeSmart
Last Updated: January - 13 - 2025
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