1878 E SOUTHERN Avenue, -, Tempe, AZ 85282
$400,000
Property Type:
Land and Lots
Lot Size (sq. ft.):
18,018
Status:
Closed
Current Price:
$400,000
List Date:
1/15/2023
Last Modified:
9/13/2023
Description
Rare Commercial/Residential opportunity located near Arizona State University and Downtown Tempe. Just 3 miles from the main ASU campus, this prime .41 acre property is zoned within the R-O district which allows new development at the residential level. This property is fully approved for 4, three story townhomes at 3375 square feet each. 4 car garages are optional and approved. Plans and approval are included in the purchase price. This project is shovel ready. Don't miss this rare opportunity to develop in a highly sought after location. Buy and start building now!
More Information MLS# 6507976
Contract Information
Current Price: $400,000
Sold Price: $400,000
Status: Closed
List Date: 2023-01-15
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1878
Compass: E
Street Name: SOUTHERN
St Suffix: Avenue
Lot #: -
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 5836
Country: USA
County Code: Maricopa
Assessor's Map #: 34
Assessor's Parcel #: 820
Add'l Parcels: No
Assessor Number: 133-34-820
Legal Description (Abbrev): S 188F OF W 290F OF E 320F OF SW4 SW4 EX E 158F A S MEAS ALG N LN TH/OF & EX N 4F P/D 12852/1058 & E
Census Tract: 319403
Tax Municipality: Tempe
Taxes: 4382
Tax Year: 2022
General Property Description
Apx Total Acres: 0.41
Apx Total Acres G/N: G
Price Per Acre: 1341463.41
# Lots in Listing: 1
Apx SqFt: 18018
Price Per SqFt: 30.53
Apx SqFt G/N: G
Lot Size Dimensions: 129 X 131
Horses: N
Zoning: RO
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: MCCLINTOCK DR/SOUTHERN AVE
Directions: McClintock and Southern, go East to property on North side of Southern Ave.
Geo Lat: 33.393296
Geo Lon: -111.905674
Status Change Info
Status Change Date: 2023-09-13
Off Market Date: 2023-08-29
Under Contract Date: 2023-08-29
Close of Escrow Date: 2023-09-12
Sold Price: $400,000
Legal Info
Township: 1N
Range: 4E
Section: 25
Lot Number: -
Pmt & Rate Info
Equity: 499000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Commercial Lot
Zoned Presently: Single Family; Commercial; Office; Other (See Rmks)
Potential Use: Single Family; Commercial; Office; Other
Parcel Size: .25 - .49 Acres
Development Status: Raw Land
Land Configuration: Square Rectangular
Roads/Streets: Asphalt
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: None
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: Partial
Listing Office: Platinum Realty Network
Last Updated: September - 13 - 2023
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