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$575,000   Price Analysis
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316 E Broadway Ln
Tempe, AZ 85282
3 bed 2 bath 1,947 SqFt ($295/SqFt)
8,607SqFt lot. Built 1954
Listed 2024-06-21, Taxes $1,840
Ⓧ USDA Ineligible
due to location

near Tempe

THIS ONE WILL NOT LAST LONG - RUN DON'T WALK!

* No Longer For Sale *
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Calling all investors and flippers, this property is located within walking distance t ASU and offers unlimited opportunities. It is perfect for a spec builder that wants an exceptional flip opportunity, an investor that is looking to add to their rental portfolio or it can be converted into a mid-century modern masterpiece for an end user that intends to create their custom, dream home. This charming, single-story home boasts a flexible floor plan and plenty of updating options.

The vaulted redwood tongue and groove ceilings along with an abundance of natural light are the perfect combination for updated inspiration. This house has 3 bedrooms (it can easily be converted to a 4 bedroom for a rental property) and 2 full baths with ample closet space. There is even a wood burning fireplace. Perched upon a generous shaded lot, with mature trees and plenty of space to expand, this home has plenty of character and curb appeal. It has various patio spaces, a two-car garage and enjoys easy access to ASU, shopping, dining and the major highways.


Presented by Cindy Metz at
Russ Lyon Sotheby's International Realty.
Listing Agent Photo

Property MLS #6721817 from ArizonaRegionalMLS

Bedrooms: 3

Total Bathrooms: 2
Full Bathrooms: 2

No Interior Steps
Vaulted Ceiling(s)
Wet Bar
Pantry
3/4 Bath Master Bdrm
High Speed Internet
Flooring: Concrete

Cooling Features: Refrigeration, Ceiling Fan(s)
Fireplace Features: 1 Fireplace
Heating Features: Electric
Number of Fireplaces: 1

Patio
Storage
Road Responsibility: City Maintained Road

Lot Description: Sprinklers In Front, Alley, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Irrigation Back
Lot Size Acres: 0.1975895
Lot Size Square Feet: 8607

Garage Spaces: 2

Association: No
Association Fee Includes: No Fees
Calculated Total Monthly Association Fees: 0

Elementary School: Broadmor Elementary School
High School: Tempe High School
Middle School: Connolly Middle School
School District: Tempe Union High School District

Broadmor Elementary School is a public elementary school located approximately 0.2 miles away.
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Tempe High School is a public high school located approximately 0.5 miles away.
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Connolly Middle School is a public middle school located approximately 1.9 miles away.
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Our Lady Of Mount Carmel School is a private elementary and middle school located approximately 0.5 miles away.
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Community Features: Historic District

Annual Tax Amount: 1927
Source Listing Status: Closed
County: Maricopa
Directions: Head west on Broadway Rd from intersection at Rural, right on College, right on E Encanto Drive that turns into S El Camino Drive, bear left on E Broadway Lane (feeder street) next to E Broadway Rd.
Tax Year: 2023
Source Property Type: Residential
Source Neighborhood: University Terrace
Ownership Type: Fee Simple
Parcel Number: 133-15-037
Subdivision: University Terrace
Property Subtype: Single Family - Detached
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$25,280 + $6,320
$31,600
$1,840
2020$24,150 + $6,030
$30,180
$1,814
2019$21,300 + $5,320
$26,620
$1,779
2018$21,260 + $5,310
$26,570
$1,731
2017$21,210 + $5,300
$26,510
$1,677
2016$20,480 + $5,120
$25,600
$1,669
2015$17,320 + $4,330
$21,650
$1,615
2014$12,450 + $3,110
$15,560
$1,776
2012$8,420 + $2,100
$10,520
$1,682
2011$10,970 + $2,740
$13,710
$2,394
2009$22,140 + $5,530
$27,670
$1,949
2008$22,160 + $5,540
$27,700
$1,801
2007$8,280 + $2,070
$10,350
$902

Sold 2024-07-25
$565,000
ArizonaRegionalMLS
Listed 2024-06-21
$575,000
ArizonaRegionalMLS

Total Square Feet Living: 1947
Year Built: 1954
Building Area Source: Assessor
Building Exterior Type: Painted, Block
Construction Materials: Painted, Block
Property Age: 70
Property Condition: Fixer
Roof: Foam
Levels or Stories: 1
Building Total Stories: 1
Architectural Style: Ranch

Sewer: Public Sewer
Water Source: City Water

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.