2 months on rocket

1063 W 5th St Unit 1, Tempe, AZ, 85281

$425,000

0.03 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
MLS #6667908
Lot Size0.03 Acres
StatusActive

About 1063 W 5th St Unit 1

If you're seeking a prime real estate opportunity in Tempe, Arizona, look no further than these four vacant parcels located in the R-3 zoning district. Situated just five minutes from downtown Tempe, this land offers a rare chance to capitalize on the city's vibrant urban atmosphere while enjoying the tranquility of a residential neighborhood. Subdivided for the possibility of 3 detached properties and a common area. The R-3 zoning designation allows for both single family and multi-family developments. Whether you're a developer looking to build a new community or an investor seeking to capitalize on Tempe's growing housing market, these parcels offer endless potential in one of Arizona's most dynamic cities.

Property Details

Property Features

Listing Office:

  • Office Name: LPT Realty, LLC
  • Office Phone: (877) 366-2213
  • Listing Agent: Sumer Emineth, Braylon Hanson

Lot Features

Lot Information:

  • Lot: Other, See Remarks
  • Lot Size: 0.03 Acres

School Info

Assigned Schools Information:

  • Gililland Middle School, Public District Grades 6-8
  • Ward Traditional Academy, Public District Grades KG-8
  • Scales Technology Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
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Housing Market Comparison

See how this home compares to others in Tempe, AZ.

Med. Sold Price

$470.2K

Med. Price/SqFt

$302

Avg. Days On Market

42

# of Sold Homes

111

1063 W 5th St Unit 1 vs Tempe

68 DAYS ON ROCKET

+26 Days

$425,000

-$45.2K Less

KEY TAKEAWAY

This property is $45.2K less than the Median Sold Price in Tempe, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6667908

Listing Office:

  • Office Name: LPT Realty, LLC
  • Office Phone: (877) 366-2213
  • Listing Agent: Sumer Emineth, Braylon Hanson

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 11:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4451091
5
/10
  • Scales Technology Academy

  • 1115 W 5th St

  • 0.07 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4451092
3
/10
  • Gililland Middle School

  • 1025 S Beck Ave

  • 0.56 miles

  • Public District Grades 6-8

school-card-donut-4451093
8
/10
  • Ward Traditional Academy

  • 1965 E Hermosa Dr

  • 4.06 miles

  • Public District Grades KG-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,728. The majority of Tempe, AZ residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1063 W 5th St Unit 1

What is the listing price of this property?

The listing price of 1063 W 5th St Unit 1 property is $425,000.

What type of property is this?

The property 1063 W 5th St Unit 1 is land located in Tempe, Arizona, 85281.

Is this property for sale now?

Active Listing: 1063 W 5th St Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1063 W 5th St Unit 1 are:
Scales Technology Academy: GreatSchools Rating 5/10
Gililland Middle School: GreatSchools Rating 3/10
Ward Traditional Academy: GreatSchools Rating 8/10

How much acreage is this property?

The property 1063 W 5th St Unit 1 is 0.03 acres.
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Rocket HomesArizonaMaricopa CountyTempe852811063 W 5th St Unit 1

This home is located at 1063 W 5th St Unit 1 in Tempe, AZ and zip code 85281 in the Sunset neighborhood. This home sits on a 0.03 acre lot. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $425,000.

In April 2024 more than 17 listings in Tempe, AZ were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 67 were sold below. Between March 2024 and April 2024, Tempe, AZ real estate market has seen increase in the number of listings by 10.4%. The median list price of listings available in April 2024 was $470,285, while the average time on the real estate market was 42 days.

From Rocket Homes Real Estate and based on county public records data.

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