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1502 West 3rd Street

1502 West 3rd Street, Tempe, AZ 85281
Property in Maricopa
1502 West 3rd Street has been categorized by the local assessors in Tempe, AZ as a commercial type of property. The area measurement of the land has been determined as 26,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as poor. Finally, the property is currently sourcing its water from a water system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1502 West 3rd Street was last sold in Dec 16, 2021 for $6,850,000. Prior to that sales transaction, the property was sold for $6,400,000 in Sep 14, 2017. Current property owners are expected to pay $1,927 in taxes per year. The property on 1502 West 3rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $15,793. To break that down further, the land itself was valued at $15,793. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: Poor
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Commercial
  • Subdivision: SOUTHWEST BUILDERS INDUSTRIAL PARK
  • Land Acres: 0.597
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: SOUTHWEST BUILDERS INDUSTRIAL PARK MCR 180-49

Ownership

  • Current Owner : CRE 1400 LLC
  • Previous Owner : SION HOLDINGS DOUBLETREE LLC
  • Owner Before Previous Owner: OQUIRRH USW LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 318700

Zoning

  • Zoning: I-1

Geography

  • Assessors Map Reference: 18049
  • Parcel: 124-38-183
  • Lot: 21
  • Meridian: SEC 17 TWN 1N RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.4275
  • Longitude: -111.963

    Address

  • Full Address: 1502 W 3rd St
  • Address - House Number: 1502
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Tempe
  • Zip Code: 85281

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,927
  • Tax Rate Code Area: 031600

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,480,000
  • First Open Lien Mortgage Lender: THE FIRST NATIONAL BANK OF HUT
  • First Open Lien Mortgage Recording Date: Dec 21, 2021
  • First Open Lien Mortgage Loan Amount: $5,480,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $92,900
  • Market Land Value: $92,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,793
  • Assessed Land Value: $15,793

    Sales

  • Current Sale Contract Date: Dec 16, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Transaction ID: 11875643897
  • Current Sale Price: $6,850,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20211350921
  • Previous Sale Recording Date: Sep 15, 2017
  • Previous Sale Contract Date: Sep 14, 2017
  • Previous Sale Amount: $6,400,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FIRST NATIONAL BANK OF HUT
  • First Mortgage Transaction Date: Dec 21, 2021
  • First Mortgage Loan Amount: $5,480,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF HAWAII
  • Previous Mortgage Transaction Date: Sep 15, 2017
  • Previous Mortgage Loan Amount: $3,585,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Tempe



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Frequently Asked Questions

What neighborhood is 1502 West 3rd Street located in?
The 1502 West 3rd Street is a located in the neighborhood of Maricopa in Tempe, Tempe.
What is the average sales price for listings in 1502 West 3rd Street?
The average sales price for units in 1502 West 3rd Street is $0 currently.

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