$2,400,000
UNDER CONTRACT

1015 S Farmer Ave Unit 5, 6, 7, 8 Tempe, AZ 85281

Maple Ash Neighborhood

Estimated payment $13,938/month

Total Views 15
0.65 Acre
$3,692,308 Price per Acre
28,314 Sq Ft Lot

About This Lot

**Lot 1015 is being sold along with 1021, 1027, & 1031 S Farmer Ave Tempe, AZ 85281 - parcel numbers include: 124-70-001A, 124-70-001, 124-70-002, and 124-70-003** Extremely Rare Tempe Redevelopment Opportunity! ± 28,500 SF of Land Zoned R-3 (Tempe), allowing Medium Density Multifamily Development by right. Situated 0.2 miles from ASU Main Campus; this is one of the largest sites not spoken for in this prime submarket. Please reach out for additional information.

Listing Agent

Olivia Guza

Compass License #SA708786000

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,517

Year Built

  • 1930

Lot Details

  • 0.65 Acre Lot
  • Additional Parcels
  • Property is zoned R-3

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5, 6, 7, 8
  • Assessor Parcel Number 124-70-001-A

Property Details

Property Type

Land

Est. Annual Taxes

$6,517

Year Built

1930

Lot Details

0

Listing Details

  • Cross Street: SEC W 10th St & S Farmer Ave
  • Property Type: Land
  • Zoning: R-3
  • Tax Year: 2023
  • Directions: For best directions use maps.
  • Lot Size Acres: 0.65
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: UnderContract
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1930

Interior Features

  • Possible Use: See Remarks, Single Family, Multi-Family

Exterior Features

  • Disclosures: ALTA Survey Alba
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 200’ X 142.5’
  • Lot Size Sq Ft: 28488.24
  • Additional Parcels: Yes
  • Parcel #: 124-70-001-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6516.68
  • Tax Book Number: 124.00
  • Tax Lot: 5, 6, 7, 8
  • Tax Map Number: 70.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,034 $18,155 -- --
2024 $2,009 $17,291 -- --
2023 $2,009 $42,960 $8,590 $34,370
2022 $1,927 $34,050 $6,810 $27,240
2021 $1,941 $29,870 $5,970 $23,900
2020 $1,882 $27,150 $5,430 $21,720
2019 $1,846 $21,630 $4,320 $17,310
2018 $1,800 $20,930 $4,180 $16,750
2017 $1,747 $18,650 $3,730 $14,920
2016 $1,734 $19,110 $3,820 $15,290
2015 $1,666 $16,320 $3,260 $13,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $2,400,000 0.0% --
04/18/2025 04/18/25 Off Market $2,400,000 -- --
11/11/2024 11/11/24 For Sale $2,400,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Warranty Deed $365,000 Empire West Title Agency Llc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Joint Tenancy Deed $73,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $273,750 New Conventional
Previous Owner $171,500 Unknown
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6782664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-001A