700 W UNIVERSITY Drive 102, Tempe, AZ 85281 (MLS# 6055247)

700 W UNIVERSITY Drive 102, Tempe, AZ 85281

$650,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $650,000 Last Modified: 2/17/2025

Overview

Description

Great opportunity to own 5 one bedroom, one bath condos in beautiful Tempe community of Scene One. Well maintained with nice landscaping, pool and heated spa. Condos are 595SF, include refrigerator, dishwasher, stove, breakfast bar & stack washer/dryer hookup. Most have granite counters & upgraded flooring. All ground floor units. 1 covered parking space & extra guest parking. Market rent $830. HOA fees are $175 per month per unit and include water, sewer, trash, common area, pool, parking lot, exterior maintenance and blanket insurance. Tenants pay electric. 1 mile to ASU. Close to Rio Salado, Town Lake, Mill Avenue, Light Rail, shopping, restaurants, bus lines & freeways. Flyer with financials on documents tab. Total #units in complex is 120. These 5 are scattered about the complex.

Listing Details MLS# 6055247

Location, Tax & Legal

Map Code/Grid: R36
House Number: 700
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 3468
Country: US
County Code: Maricopa
Subdivision: SCENE 1 CONDOMINIUMS
Assessor Number: 124-34-026
Tax Year: 2019
Unit #: 102
Assessor's Map #: 34
Legal Description (Abbrev): LOT A101 SCENE 1 CONDOMINIUMS MCR 023112
Assessor's Parcel #: 26
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 3205
Tax District: No
Legal: LOT A101, A-105, B-102, G-102, H-104 SCENE 1 CONDOMINIUMS
Marketing Name: Great Tempe Condos!

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1982
Uncvrd Parking Spcs: 5
Total # of Units: 5
Zoning: SF
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe Academy Of International Studies McKemy Campus
# of Buildings: 0

Remarks Misc

Cross Street: University and Mill
Directions: West on University to first entrance into Scene One Condo Community. (Just past Tempe Camera. Hardy is too far). Go north and park in any uncovered space.

Status Change Info

Off Market Date: 2020-03-26
Under Contract Date: 2020-03-26
Close of Escrow Date: 2020-05-15

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: A101

More Information

1 Bedroom Units

# 1 Bedroom Units: 5
Avg Rent: 830
Avg SqFt: 595
# Baths: Yes

Contact Info

List Agent Home Phn: 480-703-1976

Sold Info

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

Project Type

5 - 12 Units: Yes

Other Type

Packaged Offering: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes
Foam: Yes

Floors

Vinyl: Yes
Wood: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 10500
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 13705
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Email: Yes

Lockbox Type

None: Yes

Community Features

Pool: Yes
Heated Spa(s): Yes
Barbecue: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Pet Restrictions: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Built-In Range: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Other: Yes
See Remarks: Yes

New Financing

Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Other Type: Packaged Offering Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Foam Floors: Vinyl; Wood; Ceramic Tile; Carpet Sale Includes: Other (See Remarks) Community Features: Pool; Heated Spa(s); Barbecue Exterior Amenities: Green Landscaping; Cable TV Available; Patio/Balcony; Pet Restrictions; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None

Listing Office: 1st Southwest Realty, LLC

Last Updated: February - 17 - 2025

Broker Attribution: 480-703-1976