725 E Encanto Dr Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $8,965/month
Highlights
- 0.17 Acre Lot
- 1 Fireplace
- Cooling Available
- Vaulted Ceiling
- No HOA
- Tankless Water Heater
About This Home
Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping, restaurants, and essentials. Ideal for student housing with two new A/C units, separate water heaters, new roof, electrical, and plumbing—all permitted (see docs tab). Flexible options for the new owner to renew, re-lease, or reconfigure. Property has never been owner-occupied. 48-HOURS Notice to Show!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,753
Year Built
- Built in 1957
Lot Details
- 7,261 Sq Ft Lot
- Block Wall Fence
Home Design
- Property Attached
- Room Addition Constructed in 2024
- Roof Updated in 2022
- Composition Roof
- Block Exterior
Interior Spaces
- 2,605 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- 1 Fireplace
- Kitchen Updated in 2024
Flooring
- Floors Updated in 2024
- Tile Flooring
Bedrooms and Bathrooms
- 7 Bedrooms
- Bathroom Updated in 2024
- Primary Bathroom is a Full Bathroom
- 7 Bathrooms
Accessible Home Design
- No Interior Steps
Schools
- Broadmor Elementary School
- Mckemy Academy Of International Studies Middle School
- Tempe High School
Utilities
- Cooling System Updated in 2024
- Cooling Available
- Heating Available
- Plumbing System Updated in 2024
- Wiring Updated in 2024
- Tankless Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Association fees include no fees
- University Heights Subdivision
Listing and Financial Details
- Tax Lot 70
- Assessor Parcel Number 133-12-070
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,753 | $33,508 | -- | -- |
| 2024 | $3,205 | $29,291 | -- | -- |
| 2023 | $3,205 | $50,720 | $10,140 | $40,580 |
| 2022 | $3,557 | $37,220 | $7,440 | $29,780 |
| 2021 | $3,582 | $35,280 | $7,050 | $28,230 |
| 2020 | $3,473 | $34,120 | $6,820 | $27,300 |
| 2019 | $3,407 | $30,020 | $6,000 | $24,020 |
| 2018 | $3,322 | $28,150 | $5,630 | $22,520 |
| 2017 | $3,223 | $26,080 | $5,210 | $20,870 |
| 2016 | $3,201 | $27,610 | $5,520 | $22,090 |
| 2015 | $3,074 | $25,500 | $5,100 | $20,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | For Sale | $1,550,000 | +228.0% | $595 / Sq Ft |
| 09/23/2022 09/23/22 | Sold | $472,500 | -5.5% | $213 / Sq Ft |
| 09/01/2022 09/01/22 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | For Sale | $500,000 | 0.0% | $225 / Sq Ft |
| 08/01/2021 08/01/21 | Rented | $2,799 | -6.7% | -- |
| 07/09/2021 07/09/21 | Under Contract | -- | -- | -- |
| 07/06/2021 07/06/21 | For Rent | $2,999 | +15.4% | -- |
| 08/01/2020 08/01/20 | Rented | $2,599 | 0.0% | -- |
| 07/14/2020 07/14/20 | Under Contract | -- | -- | -- |
| 06/30/2020 06/30/20 | For Rent | $2,599 | +4.0% | -- |
| 08/10/2018 08/10/18 | Rented | $2,499 | 0.0% | -- |
| 07/21/2018 07/21/18 | Under Contract | -- | -- | -- |
| 06/22/2018 06/22/18 | For Rent | $2,499 | +4.2% | -- |
| 07/14/2017 07/14/17 | Rented | $2,399 | 0.0% | -- |
| 06/30/2017 06/30/17 | Under Contract | -- | -- | -- |
| 05/01/2017 05/01/17 | For Rent | $2,399 | +9.1% | -- |
| 06/01/2015 06/01/15 | Rented | $2,199 | 0.0% | -- |
| 05/22/2015 05/22/15 | Under Contract | -- | -- | -- |
| 04/22/2015 04/22/15 | For Rent | $2,199 | +37.5% | -- |
| 10/15/2013 10/15/13 | Rented | $1,599 | -32.0% | -- |
| 10/08/2013 10/08/13 | Under Contract | -- | -- | -- |
| 06/05/2013 06/05/13 | For Rent | $2,350 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $479,500 | Old Republic Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | $320,000 | Greystone Title Agency Llc | |
| Warranty Deed | $291,735 | Premier Title Group Maricopa | |
| Warranty Deed | $323,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $169,000 | First American Title Ins Co | |
| Warranty Deed | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $383,600 | New Conventional | |
| Previous Owner | $90,000 | New Conventional | |
| Previous Owner | $256,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $256,850 | Purchase Money Mortgage | |
| Previous Owner | $256,850 | Purchase Money Mortgage | |
| Previous Owner | $135,200 | New Conventional | |
| Previous Owner | $167,100 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6851447
APN: 133-12-070
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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