La Tierra Unit 217 Tempe, AZ - $117,990 by Mark Carvalho

7/8/2014

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Comparable Market Analysis Tuesday, July 8, 2014

For 1402 E GUADALUPE RD 217 Tempe, AZ 85283

By Mark Carvalho Carvalho Real Estate Group 4135 S. Pow er Road Suite 125 Mesa, AZ 85212 480-854-9000 offers@carvalhorealestate.com http://w w w .CarvalhoRealEstate.com

This report is not an appraisal and is not intended to meet the requirements set out in the Unif orm Standards of Appraisal Practice. If an appraisal is desired, the serv ices of a licensed appraiser should be obtained.

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CMA: Mapping

Map of Subject And Comparable Properties

Legend Active

Sold

Pending

Temporary Off Market Expired

Cancelled

Subject: 1402 E GUADALUPE RD 217 217 Tem pe AZ 85283 1. 1402 E GUADALUPE RD 229 229, Tem pe AZ 85283 (5129724, 0.04m ) 2. 1402 E GUADALUPE RD 131 131, Tem pe AZ 85283 (5125969, 0.02m ) 3. 1402 E GUADALUPE RD 115 115, Tem pe AZ 85283 (5078983, 0.08m )

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CMA: Subject Property

Subject Property Description

Address

1402 E GUADALUPE RD 217 217 Tempe, AZ 85283

# Bedroom s

# Bathroom s

2.00

Approx SQFT

1065.00

Approx Lot SqFt

1000.00

Year Built

1986

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CMA: Subject and Comparable Properties

Subj ect

5129724

5125969

5078983

1402 E GUADALUPE RD 217 1402 E GUADALUPE RD 229 1402 E GUADALUPE RD 131 1402 E GUADALUPE RD 115 217 Tempe AZ Tempe AZ Tempe AZ Tempe AZ 85283

Distance From Subject

0.04

0.02

0.08

List Price

$118,000

$119,900

$121,900

Original List Price

$118,000

$119,900

$121,900

Active

UCB (Under ContractBackups)

Sold

06/12/2014

07/04/2014

03/04/2014

Sold Price

$121,900

Status Status Date Agent Days on Market

Cumulative Days on Market

# Bedrooms # Bathrooms

2 2.00

2.00

Approx SQFT

1065.00

1,065

1,112

Approx Lot SqFt

1000.00

999.00

1118.00

1130.00

1986

1985

1984

1986

$117,900

$118,000

$119,900

$121,900

Year Built Price

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CMA: Statistical Summary

Price Analysis Summary of Closed Listings MLS #

Address

List ADOM CDOM Encoded Approx Price Features SQFT

5078983 1402 E $121,900 GUADALUPE RD 115, Tempe AZ

22FRD1C

Price per Approx SQFT

Sold Date

Sold Total Adjusted Price Adjusts Price

1,112 $109.62 03/04/2014 $121,900

$121,900

Summary of Active Listings MLS #

Address

Orig. ADOM CDOM List Price

5129724 1402 E GUADALUPE RD 229, Tempe AZ

$118,000

Encoded Approx Features SQFT 22R1C1S

1,065

Price per Approx SQFT

List Total Adjusted Price Adjusts Price

$110.80 $118,000

$118,000

Summary of UCB (Under Contract-Backups) Listings MLS #

Address

Orig. ADOM CDOM List Price

5125969 1402 E GUADALUPE RD 131, Tempe AZ

$119,900

Encoded Approx Features SQFT 22R1C1S

1,065

Price per Approx SQFT

List Total Adjusted Price Adjusts Price

$112.58 $119,900

$119,900

Low, Average, Median, and High Comparisons Closed

Active

UCB (Under Contract-Backups)

Overall

Low

$121,900

$118,000

$119,900

$118,000

Average

$121,900

$118,000

$119,900

$119,933

Median

$121,900

$118,000

$119,900

High

$121,900

$118,000

$119,900

$121,900

Overall Market Analysis (Unadjusted) Status

List Vol.

Avg. Sold Price

Avg. Sale/List Price

Avg. Approx SQFT

Avg. List $/Approx SQFT

Closed Active UCB (Under ContractBackups)

1 121,900 121,900 121,900 121,900 1 118,000 118,000 0 0 1 119,900 119,900 0 0

1.00 0.00 0.00

1,112 1,065 1,065

109.62 110.80 112.58

109.62 0.00 0.00

0 26 33

Overall

3 359,800 119,933 121,900 121,900

1.00

1,081

111.00

109.62

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Avg. List Price

Sold Vol.

Avg. Sold Avg. Avg. $/Approx ADOM CDOM SQFT

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CMA: Listing Price Recommendation

Listing Price Recommendation

Low

$117,900

High

$121,900

Recom m ended

$120,000

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Client Report (1)

1402 E GUADALUPE RD 229 Tempe, AZ 85283 5129724

Residential

$118,000

Apartment Style/Flat

Active

Beds/Baths: 2 / 2 Bedroom s Plus: 2 Approx SqFt: 1,065 / County Assessor Price/SqFt: $110.8 Year Built: 1985 Pool: Community Encoded Features: 22R1C1S Exterior Stories: 2 # of Interior Levels: 1 Dw elling Type: Apartment Style/Flat Dw elling Styles: Attached

Approx Lot SqFt: 999 / County Assessor Apx Lot Size Range: 1 - 7,500 Subdivision: La Tierra Tax Municipality: Tempe Marketing Nam e: Planned Cm ty Nam e: Model: Builder Nam e: unknow n Hun Block: Map Code/Grid: S37 Bldg Num ber:

Ele Sch Dist: 003 - Tempe School District Elem entary School: Rover Jr. High School: Fees

High School Dist #: 213 - Tempe Union High School District High School: Marcos De Niza

Cross Streets: Guadalupe and McClintock Directions: West on Guadalupe to property on North side of road. From La Tierra entrance, unit is in first building straight ahead on right (#5). Public Rem arks: Beautifully upgraded condo in great Tempe location! Perfect ow ner/occupant, 2nd home or investment opportunity. New high-end cabinets, stainless steel appliances, custom paint, and new er counters, flooring, plumbing and lighting fixtures. Washer, dryer and refrigerator included! Just minutes from ASU, Sky Harbor Airport, 101, 60 and I-10. End unit w ith tw o assigned parking spaces (1 covered and 1 uncovered). Amenities include community pool/spa, fitness center, and beautiful green space. Features Approx SqFt Range: 1,000 1,200 Garage Spaces: 0 Carport Spaces: 1 Total Covered Spaces: 1 Slab Parking Spaces: 1 Parking Features: Assigned Parking Pool - Private: No Pool Spa: None Horses: N Fireplace: No Fireplace Property Description: Corner Lot Landscaping: None Exterior Features: Balcony/Deck(s) Features: No Interior Steps Com m unity Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Community Pool; Community Spa Htd; Workout Facility Flooring: Carpet; Laminate

Room Details

Construction & Utilities

County, Tax and Financing

Kitchen Features: Range/Oven Elec; Disposal; Dishw asher; Refrigerator Master Bathroom : Full Bth Master Bdrm Additional Bedroom : Mstr Bdr Walkin Clst Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer; Inside Laundry Dining Area: Breakfast Bar; Breakfast Room Basem ent Y/N: N Sep Den/Office Y/N: N Item s Updated: Kitchen Yr Updated: 2009; Kitchen Partial/Full: Full

Building Style: Clustered Unit Style: Tw o Levels; Neighbor Below ; End Unit Const - Finish: Painted; Stucco Construction: Frame - Wood Roofing: All Tile Fencing: None Cooling: Refrigeration Heating: Electric Heat Plum bing: Electric Hot Wtr Htr Utilities: SRP Water: City Water Sew er: Sew er - Public Services: City Services Technology: Cable TV Avail; HighSpd Intrnt Aval Energy/Green Feature: Ceiling Fan(s)

County Code: Maricopa Legal Subdivision: LA TIERRA CONDOMINIUMS AN: 301-96-229 Lot Num ber: 229 Tow n-Range-Section: 1S-4E-2 Cty Bk&Pg: Plat: Taxes/Yr: $701/2013 Ow nership: Fee Simple New Financing: Cash; VA; Conventional Total Asum Mnth Pm ts: $0 Dow n Paym ent: $0 Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Trm s: Disclosures: None Possession: By Agreement

Fees & Hom eow ner Association Inform ation HOA Y/N: Y / $175 / Monthly HOA Transfer Fee: $375

HOA Nam e: First Serv. Residen.

HOA Telephone: 480-551-4300

HOA 2 Y/N: N / / HOA 3 Y/N: / / http://armls.flexmls.com/cgi-bin/mainmenu.cgi

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Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sew er; Garbage Collection; Common Area Maint; Street Maint Assoc Rules/Info: Pets OK (See Rmrks); Rental OK (See Rmks); Prof Managed Listing Dates CDOM/ADOM: 26 / 26 Status Change Date: 06/12/2014

Rec Center Fee Y/N: N / / Rec Center Fee 2 Y/N: N / / Land Lease Fee Y/N: N / / PAD Fee Y/N: N / /

Pricing and Sale Info List Price: $118,000

Ttl Mthly Fee Equiv: $175 Cap Im prv/Im pact Fee: $ 0 $ Cap Im pv/Im pt Fee 2:$0 $

Listing Contract Info Special Listing Cond: N/A

Listed by: West USA Realty (w usa06)

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MLS #: 5129724

Prepared by Mark Carvalho

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. 7/8/2014 3:30 ÂŠ 2014 ARMLS and PM FBS. DND2 ( D o N ot D isplay or D isclose) - the data in fields marked with DND2 is confidential, for agent use only, and may not be shared with customers or clients in any manner whatsoever.

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Client Report (2)

1402 E GUADALUPE RD 131 Tempe, AZ 85283 5125969 Residential

Apartment Style/Flat

$119,900 UCB (Under ContractBackups)

Beds/Baths: 2 / 2 Bedroom s Plus: 2 Approx SqFt: 1,065 / County Assessor Price/SqFt: $112.58 Year Built: 1984 Pool: Community Encoded Features: 22R1C1S Exterior Stories: 1 # of Interior Levels: 1 Dw elling Type: Apartment Style/Flat Dw elling Styles: Attached

Approx Lot SqFt: 1,118 / County Assessor Apx Lot Size Range: 1 - 7,500 Subdivision: La Tierra Condominiums Tax Municipality: Tempe Marketing Nam e: Planned Cm ty Nam e: Model: Builder Nam e: Unknow n Hun Block: Map Code/Grid: S37 Bldg Num ber:

Ele Sch Dist: 003 - Tempe School District Elem entary School: Rover Jr. High School: Fees

High School Dist #: 213 - Tempe Union High School District High School: Marcos De Niza

Cross Streets: McClintock and Guadalupe Directions: West on Guadalupe to property on North side of road. Unit is on the SE corner of the development in Bldg. 6. Public Rem arks: Location, Location, Location! Great ow ner/occupant, 2nd home, or investment opportunity. Latest style w ood look tile and new carpet. New cabinets, counters, door hardw are, lighting fixtures and paint! Ground level, end unit w ith patio and tw o assigned parking spaces (1 covered). Just minutes from ASU, Sky Harbor Airport, 101, 60 and I-10. Amenities include community pool/spa, fitness center, & beautiful green space. Don't miss this one--you w on't be disappointed! Features Approx SqFt Range: 1,000 1,200 Garage Spaces: 0 Carport Spaces: 1 Total Covered Spaces: 1 Slab Parking Spaces: 1 Parking Features: Assigned Parking; Community Structure Pool - Private: No Pool Spa: None Horses: N Fireplace: No Fireplace Property Description: Corner Lot Landscaping: None Exterior Features: Covered Patio(s) Features: No Interior Steps Com m unity Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Community Pool; Community Spa Htd; Workout Facility Flooring: Carpet; Tile

Room Details

Construction & Utilities

Kitchen Features: Range/Oven Elec; Disposal; Dishw asher; Refrigerator Master Bathroom : Full Bth Master Bdrm Additional Bedroom : Mstr Bdr Walkin Clst Laundry: Washer Included; Dryer Included; Inside Laundry Dining Area: Eat-in Kitchen; Breakfast Bar Basem ent Y/N: N Sep Den/Office Y/N: N Item s Updated: Floor Yr Updated: 2014; Floor Partial/Full: Full; Kitchen Yr Updated: 2014; Kitchen Partial/Full: Full

Unit Style: Tw o Common Walls; Neighbor Above; End Unit; Ground Level Const - Finish: Painted; Stucco Construction: Frame - Wood Roofing: All Tile Fencing: None Cooling: Refrigeration Heating: Electric Heat Utilities: SRP Water: City Water Sew er: Sew er - Public Services: City Services Technology: Cable TV Avail; HighSpd Intrnt Aval Energy/Green Feature: Ceiling Fan(s)

County, Tax and Financing County Code: Maricopa Legal Subdivision: LA TIERRA CONDOMINIUMS AN: 301-96-171 Lot Num ber: 131 Tow n-Range-Section: 1S-4E-2 Cty Bk&Pg: Plat: Taxes/Yr: $791/2013 Ow nership: Fee Simple New Financing: Cash; VA; Conventional Total Asum Mnth Pm ts: $0 Dow n Paym ent: $0 Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Trm s: Disclosures: Seller Disc Avail Possession: By Agreement

Fees & Hom eow ner Association Inform ation HOA Y/N: Y / $176 / Monthly HOA Transfer Fee: $375

HOA Nam e: First Service Resid.

HOA Telephone: 480-551-4300

HOA 2 Y/N: N / / HOA 3 Y/N: / / Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof http://armls.flexmls.com/cgi-bin/mainmenu.cgi

Rec Center Fee Y/N: N / /

Ttl Mthly Fee Equiv: $176 10/15

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Replacement; Blanket Ins Policy; Water; Sew er; Garbage Collection; Common Area Maint Assoc Rules/Info: Pets OK (See Rmrks); Rental OK (See Rmks); Clubhouse/Rec Center; Prof Managed Listing Dates CDOM/ADOM: 33 / 33 Status Change Date: 07/04/2014

Rec Center Fee 2 Y/N: N / / Land Lease Fee Y/N: N / / PAD Fee Y/N: N / /

Pricing and Sale Info List Price: $119,900

Cap Im prv/Im pact Fee: $ 0 $ Cap Im pv/Im pt Fee 2:$0 $

Listing Contract Info Special Listing Cond: N/A

Listed by: West USA Realty (w usa06)

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MLS #: 5125969

Dow nstairs unit!

Prepared by Mark Carvalho

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Client Report (3)

1402 E GUADALUPE RD 115 Tempe, AZ 85283 5078983

Residential

$121,900

Apartment Style/Flat

Closed

Beds/Baths: 2 / 2 Bedroom s Plus: 2 Approx SqFt: 1,112 / County Assessor Price/SqFt: $109.62 Year Built: 1986 Pool: Community Encoded Features: 22FRD1C Exterior Stories: 1 # of Interior Levels: 1 Dw elling Type: Apartment Style/Flat Dw elling Styles: Attached

Approx Lot SqFt: 1,130 / County Assessor Apx Lot Size Range: 1 - 7,500 Subdivision: LA TIERRA CONDOMINIUMS Tax Municipality: Tempe Marketing Nam e: Planned Cm ty Nam e: Model: Builder Nam e: Unknow n Hun Block: Map Code/Grid: S37 Bldg Num ber:

Ele Sch Dist: 003 - Tempe School District Elem entary School: Rover Jr. High School: Fees

High School Dist #: 213 - Tempe Union High School District High School: Marcos De Niza

Cross Streets: Guadalupe and McClintock Directions: West on Guadalupe from McClintock. North into condos just past Juniper. Public Rem arks: Low er level plan in La Tierra featuring 2 bedrooms and 2 full baths. This is a great opportunity to buy your first home or investment property. Super Tempe location this condo is conveniently located to freew ays, ASU, shopping, dining, and more and has community pool, club house w ith fitness,BBQ, Ramada and beautiful grounds w ith Mature trees and green grass. Features

Room Details

Approx SqFt Range: 1,000 1,200 Garage Spaces: 0 Carport Spaces: 1 Total Covered Spaces: 1 Slab Parking Spaces: 0 Parking Features: Assigned Parking Pool - Private: No Pool Spa: None Horses: N Fireplace: No Fireplace Landscaping: Grass Front Exterior Features: Patio; Covered Patio(s) Com m unity Features: Biking/Walking Path; Clubhouse/Rec Room; Community Pool; Community Pool Htd; Community Spa; Community Spa Htd; Workout Facility Flooring: Carpet; Laminate; Tile

Kitchen Features: Cook Top Elec; Dishw asher; Built-in Microw ave; Refrigerator; Granite Countertops Master Bathroom : Full Bth Master Bdrm Additional Bedroom : Mstr Bdr Walkin Clst Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer; Inside Laundry Dining Area: Formal; Breakfast Bar Basem ent Y/N: N Sep Den/Office Y/N: N Other Room s: Family Room

Construction & Utilities Const - Finish: Painted; Stucco Construction: Frame - Wood Roofing: All Tile; Concrete Fencing: None Cooling: Refrigeration Heating: Electric Heat Utilities: SRP Water: City Water Sew er: Sew er - Public Technology: Cable TV Avail; HighSpd Intrnt Aval

County, Tax and Financing County Code: Maricopa Legal Subdivision: LA TIERRA CONDOMINIUMS AN: 301-96-155 Lot Num ber: 115 Tow n-Range-Section: 1S-4E-2 Cty Bk&Pg: Plat: Taxes/Yr: $728.1/2013 Ow nership: Fee Simple New Financing: Cash; Conventional Total Asum Mnth Pm ts: $0 Dow n Paym ent: $0 Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Trm s: Disclosures: Seller Disc Avail; Agency Discl Req Possession: Close of Escrow

Fees & Hom eow ner Association Inform ation HOA Y/N: Y / $176 / Monthly HOA Transfer Fee: $400

HOA Nam e: Rossmar & Graham

HOA Telephone: 469-551-5300

HOA 2 Y/N: N / / HOA 3 Y/N: / / Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sew er; Garbage Collection; Front Yard Maint; Common Area Maint Assoc Rules/Info: Pets OK (See Rmrks); Rental OK (See Rmks); Prof Managed Listing Dates http://armls.flexmls.com/cgi-bin/mainmenu.cgi

Rec Center Fee Y/N: N / / Rec Center Fee 2 Y/N: N / / Land Lease Fee Y/N: N / / PAD Fee Y/N: N / /

Pricing and Sale Info

Ttl Mthly Fee Equiv: $176 Cap Im prv/Im pact Fee: $ 0 $ Cap Im pv/Im pt Fee 2:$0 $

Listing Contract Info 13/15

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CDOM/ADOM: Status Change Date: Close of Escrow Date: Off Market Date:

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0/0 03/04/2014 03/04/2014 03/04/2014

List Price: Sold Price: Sold Price/SqFt: Loan Type: Loan Years: Paym ent Type: Buyr Concess to Sell: Sellr Concess to Buy: Closing Cost Split:

$121,900 $121,900 $109.62 Cash 0 Other 0$ 0$ Normal - N

Special Listing Cond: N/A

Listed by: Keller Williams Northeast Realty (kw ne01)

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MLS #: 5078983

Prepared by Mark Carvalho

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