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Backup Offers

700 W University Dr Unit 145, Tempe, AZ, 85281

$240,000

Home List Price

$2,850*

Closing Credit

2 Bedrooms
1 Bath
840 SqFt
$286/SqFt
Multi
Schools Nearby

Location

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700 W University Dr Unit 145, Tempe$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1983
HeatingElectric
CoolingCeiling Fan(s)
FireplaceNone
MLS #6677409
Lot Size0.02 Acres
StatusAccepting Backup Offers

About 700 W University Dr Unit 145

Chic 2-bedroom, first-floor condo unit that not only boasts a prime location but also offers a fantastic investment opportunity! The allure of this residence lies in its strategic proximity, mere steps away from ASU and the vibrant hub of Mill Ave, where an array of restaurants, shopping, and entertainment options await. The interior exudes modern charm with sleek laminate flooring throughout. Enjoy the convenience of a community pool and spa, enhancing the allure of this urban haven. This property, requiring only cosmetic TLC, presents an ideal canvas for investors seeking to capitalize on its potential. Don't miss the chance to own a piece of the city, perfectly situated for both lifestyle and investment success.

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Stories: 1
  • Living Area: 840 SqFt

Listing Office:

  • Office Name: My Home Group Real Estate
  • Office Phone: (623) 242-9459
  • Listing Agent: George Laughton, Hannah Farbstein

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Gililland Middle School, Public District Grades 6-8
  • Ward Traditional Academy, Public District Grades KG-8
  • Holdeman Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000
  • Price Per SqFt: $286/SqFt

HOA Fees:

  • Amount: $215
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $895
  • Tax Year: 2021
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Housing Market Comparison

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

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Tempe, AZ

City

Med. Sold Price

$464.9K

Med. Price/SqFt

$299

Avg. Days On Market

51

# of Sold Homes

105

700 W University Dr Unit 145 vs Tempe

43 DAYS ON ROCKET

-8 Days

$240,000

-$224.9K Less

$286/SqFt

-$14 Less

KEY TAKEAWAY

This property is $224.9K less than the Median Sold Price and $14/SqFt less than other homes 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: #6677409

Listing Office:

  • Office Name: My Home Group Real Estate
  • Office Phone: (623) 242-9459
  • Listing Agent: George Laughton, Hannah Farbstein

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: 4/27/2024, 3:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$895$11,780
2020$867$10,020
2019$830$7,920
2017$806$7,860

History based on county public records data.

Payment Calculator

$1,480

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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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-1329992
3
/10

  • Holdeman Elementary School

  • 1326 W 18th St

  • 1.02 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1329993
3
/10

  • Gililland Middle School

  • 1025 S Beck Ave

  • 0.47 miles

  • Public District Grades 6-8

school-card-donut-1329994
8
/10

  • Ward Traditional Academy

  • 1965 E Hermosa Dr

  • 3.65 miles

  • Public District Grades KG-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,263. Most Tempe, AZ residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Maricopa County›Tempe›85281›700 W University Dr Unit 145

This home is located at 700 W University Dr Unit 145 in Tempe, AZ and zip code 85281 in the Riverside neighborhood. This 840 square foot home, which was built in 1983, sits on a 0.02 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $240,000.

In March 2024, from all listings sold in Tempe, AZ there were more than 16 sold above asking price, over 53 sold below and more than 36 were sold right at the asked price. The number of listings in Tempe, AZ increased by 0.3% between February 2024 and March 2024. Listings spent 51 days on the market in March 2024, and had a median list price of $464,944 during the same period.

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

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