$750,000
Tempe, AZ 85281
MLS# 6688759
Status: UCB (Under Contract-Backups)
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Property Description
Over 1/3 of an acre lot surrounded by multi-family - a perfect place to redevelop and benefit from the strong rental demand in the heart of Tempe. Current structure can be razed. Recent major capital investment projects in close proximity include luxury apartments and Class A office space. Those familiar with the market know these infill lots are very rare, a savvy buyer will not hesitate to jump on this. A few blocks from the plentiful amenities along Tempe Town Lake and Mill Avenue, various large employers including ASU and easy access to freeways make this location ideal for your next project. Grandfathered irrigation rights. Property has been in the family for 70+ years and structures are 1950's era, PLEASE DO NOT ENTER STRUCTURES.
Details
Maps
Contract Information
Current Price: $750,000
List Price: $750,000
Status: UCB (Under Contract-Backups)
List Date: 2024-04-09
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: Y
Location, Tax & Legal
House Number: 351
Compass: S
Street Name: WILSON
St Suffix: Street
Lot #: -
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2744
Country: USA
County Code: Maricopa
Assessor's Map #: 32
Assessor's Parcel #: 26
Add'l Parcels: No
Assessor Number: 124-32-026
Legal Description (Abbrev): TR 2 LOT 2 W 170' EX W 20' RD .34 AC
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 1450
Tax Year: 2023
Marketing Name: Excellent Infill Lot
General Property Description
Apx Total Acres: 0.34
Apx Total Acres G/N: G
Price Per Acre: 2205882.35
# Lots in Listing: 1
Apx SqFt: 14810
Price Per SqFt: 50.64
Apx SqFt G/N: G
Lot Size Dimensions: 100 feet frontage by 150 feet
Irrigation District: Salt River Valley
Horses: N
Street Frontage: 100
Zoning: R3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Wilson Street & 2nd Street
Directions: Located on the east side of Wilson Street just west of Farmer Avenue, take either 1st Street or 5th Street to access.
Geo Lat: 33.427068
Geo Lon: -111.945459
Status Change Info
Status Change Date: 2024-04-16
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: -
Pmt & Rate Info
Equity: 750000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 480-900-8484
Property Features
Special Listing Cond: Probate/Estate
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .25 - .49 Acres
Development Status: See Remarks
Land Features: See Remarks
Vegetation: Treed
Land Configuration: Square Rectangular
Roads/Streets: Asphalt; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Road Responsibility: City Maintained Road
Freeway/Highway: 1.1 - 2 Miles
Topography: Level
Existing Structures: See Remarks
Water: City Franchise; Wtr Rghts Grndfthrd
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
New Financing: Cash
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Chain Link
Listing Office: Keller Williams Realty East Valley
Last Updated: April - 16 - 2024
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Sunday 5th of May 2024 09:18 PM