2325 GARDEN Drive $4,900,000

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    2325 GARDEN Drive Tempe, AZ 85282

    Closed
    SOLD 11/29/2019

    $4,900,000

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 5956710
    Favorite Share
    Views: 163 Days On Market: 214

    Property Details

    Colonial Park is a twenty-one-unit apartment community centrally located between the highly desirable Ahwatukee + North Tempe submarkets.Developed in 1988, the property is comprised of spacious two- and three-bedroom single family detached homes as well as two-story townhomestyle units with direct access two-car garages. Five units have undergone interior renovations to include modernized kitchens and bathroom.Additional improvements include new ground-mounted HVAC units, artificialturf landscaping, and a re-paved parking lot. Future ownership will have the opportunity to continue interior renovations in order to achieve asuggested $250 monthly renovation premium. Furthermore, residents are granted access to the thriving employment growth surrounding Phoenix,Sky Harbor and Tempe.

    • General Features
      • Assessor Book # 123.00
      • Assessor Map # 22.00
      • Assessor Number 123-22-579
      • Assessor Parcel # 579.00
      • Community Amenities Pool(s)
      • County Maricopa
      • Covered Parking Spcs 42.00
      • Cross Street 48th street and Baseline
      • Gas SW Gas
      • List Date 2019-07-25
      • Marketing Name Colonia park
      • New Financing Other (See Remarks)
      • Off Market Date 2019-09-04
      • Parking Garage, >1 Space Per Unit
      • Project Type 13 - 24 Units
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision SVOB PARK TOWNHOMES LOT 1-26 TR A-E
      • Tax Municipality Tempe
      • Tax Year 2018
      • Taxes $21,643
      • Total Units 21.00
      • Type ER
      • Uncvrd Parking Spcs 46.00
      • Year Built 1988
      • Zoning R1-4
    • Building Features
      • Construction Frame - Wood
      • Appliances Included F/S Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave
      • Floors Carpet, Ceramic Tile
      • Cooling Individual
      • Heating Gas, Individual, Ceiling Fan(s)
      • Interior Amenities Unfurnished, Drapes, Vertical Blinds, Fire/Smoke Alarm(s), Mini Blinds, Breakfast Bar
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 3
      • 2 Bedroom Units: # Baths 2
      • 2 Bedroom Units: Avg Rent 1328.00
      • 2 Bedroom Units: Avg SqFt 1271
      • # 3 Bedroom Units 18
      • 3 Bedroom Units: Avg SqFt 1442
      • 3 Bedrooms Units: # Baths 2
      • 3 Bedrooms Units: Avg Rent 1456.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 32
      • Tenant Pays Water, Electric, Gas
      • Ownership Fee Simple
      • Owner Pays None
      • Income & Expenses: Net Operating Income 252315.00
      • Income & Expenses: Gross Annual Sch Inc 361680.00
      • Income & Expenses: Adjusted Gross Inc 353883.55
      • Legal Info: Range 4E
      • Legal Info: Lot Number 1
      • Total Parking Space 88.00
      • Number of Buildings 17
      • Electric SRP
      • Exterior Amenities Green Landscaping
      • Lot Size Dimensions 1.92
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 213 - Tempe Union High School District

    Neighborhood

    85282 (Tempe) Demographics

    31 Median Age
    4,640 Population Density (per sq. mile)
    44% College Educated
    $51,129 Estimated Median Income
    9,066 Estimated Total Home Owners
    11,905 Estimated Total Renters
    43% / 57% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    51,847 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $302,500 Median Sales Price
    57 Homes Sold
    54 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/29/2019 12:00:00 AM Sold Source New Value: $4,900,000
        9/4/2019 6:38:49 AM Status Changed Source New Value: Pending

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        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/24/2020 4:16:50 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.