405 W 7th Street, Tempe, AZ 85281

$560,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,348 Lot Size (sq. ft.): 11,250 Status: Closed
Current Price: $560,000 Last Modified: 4/25/2025

Overview

Description

This is a Rare Investment and special chance for a developer to buy a extra large lot. Opportunity for developing a 4 plex! Fantastic neighborhood in the midst of Redevelopment! Close to Mill Ave & University and all it has to offer! Great potential for many different uses. Two existing structures A garage with water and sewer ran to it. Plus a 1982 3 bedroom house.City of Tempe confirms plans for a 6 plex submit for approva! Over1/4 acre 11250 plus sq ft lot! This property is in an Opportunity Zone in Tempe. 2 Parcels/Lots: 124-33-045 and 124-33-044

Listing Details MLS# 6491308

Location, Tax & Legal

Map Code/Grid
R36
House Number
405
Compass
W
Street Name
7th
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2715
Country
US
County Code
Maricopa
Assessor Number
124-33-045
Subdivision
none
Tax Year
2022

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
3
Total Bathrooms
2
Approx SQFT
1348
Price/SqFt
415.43
Horses
N
Model
unk
Builder Name
unk
Year Built
1982
Approx Lot SqFt
11250
Approx Lot Acres
0.258
Flood Zone
No
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Mill and University
Directions
Go West on University to Farmer go north on farmer to 7th st then west on house

Status Change Info

Off Market Date
2023-11-01
Under Contract Date
2023-10-02
Close of Escrow Date
2023-10-31

Legal Info

Range
4E
Section
16
Plat
12
Block
400
Lot Number
3

More Information

Architect

Architect
unk

Basement

Basement Y/N
N

Items Updated

Ht/Cool Yr Updated
2018

Parking Spaces

Garage Spaces
2
Carport Spaces
Yes
Slab Parking Spaces
8
Total Covered Spaces
3

Sold Info

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

Property Features

Special Listing Cond: N/A Architecture: Ranch Master Bathroom: Full Bth Master Bdrm Flooring: Carpet; Laminate; Tile Window Features: Dual Pane; Low-Emissivity Windows; Vinyl Frame Spa: Above Ground Community Features: Near Bus Stop Dining Area: Eat-in Kitchen Kitchen Features: 220 Volts in Kitchen; Range/Oven Elec; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Laminate Counters Laundry: 220 V Dryer Hookup; Inside Other Rooms: Family Room Technology: Cable TV Avail Road Responsibility: City Maintained Road Construction: Block Const - Finish: Stucco Roofing: Composition Cooling: Central Air; Ceiling Fan(s) Heating: Ceiling Plumbing: Electric Hot Wtr Htr Utilities: APS Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: North/South Exposure Landscaping: Dirt Back; Grass Front Lockbox Type: Supra Possession: By Agreement Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: FHA New Financing: Cash; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
IDX
Listing Office: West USA Realty
Office Phone: 480-893-0600
Office Email: Duane@westusarealty.com
Last Updated: April - 25 - 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.