506 West 11th Street Tempe AZ 85281

506 West 11th Street Tempe AZ 85281
Pending
  • $375,000
  • Property Type:
  • Beds: 3
  • Baths: 1
  • Sq Ft: 1250
  • Lot Sq Ft: 7460

For Sale: 506 West 11th Street Tempe AZ 85281

**Update: This home is currently under contract. Please feel free to call 602-803-6425 if you are thinking of buying or selling a home in this area. We are more than happy to help!

Here’s a great opportunity to own a 3 bedroom home with a 1 car garage in the wonderful Mitchell Park Neighborhood near Downtown Tempe.

Below are just a couple of pics of the home. Check out all of these amazing trees! The back yard has a one car garage / shop for storage.

This home is zoned Multi-Family Residential (R-2) View the City of Tempe Zoning Overlay Districts map here: Or you can see the Development Standards list from the City of Tempe website. Please contact the City of Tempe for ANY questions concerning current and future design review questions.

We have seen recent sales of R-2 zoned homes sell for more than $384 per square foot. 405 W 11th St sold for $385 per square foot and was 650 square feet. (tax records incorrect for the size) Yes, I have a copy of that Conventional appraisal. 🙂
1008 S Wilson – $318 per square foot
1216 S Maple – $318 per square foot
419 W 11th St – $335 per square foot
919 S Maple – $328 per square foot

Many more comps are available in the area. The updates, location and lot size make this a great value for anyone wanting to be in this dynamic area.

See the pics / zoning info at the bottom of this page for even more info.

Recent updates include:
Copper and PEX plumbing – 2019
Roof replacement – 2018
Water heater replacement – 2015
Heating and Cooling system replacement – 2014

Homes like this on nice sized lots are getting hard to find. The R-2 zoning allows for people to build the home of their dreams in a thriving urban oasis.

506 West 11th Street – Amazing Tempe location!

People love the location, the mature trees, the cool vibe of the area. There’s SO much to do in this amazing neighborhood.

You’ll be minutes from restaurants, shopping, entertainment, Arizona State University, transit options the Mill Avenue District and SO much more.

Some of our favorite spots nearby are Casey Moore’s Oyster House, the ASU Art Museum, Gammage Auditorium, the new Whole Foods Market and the exciting new Tempe Streetcar project that is coming!

Take a look at this map of the area to get a better feeling for this amazing location.

Click the photo to enlarge or download.

 

Many people believe that we will continue to see tremendous growth in Downtown Tempe in the future. In fact, in his recent State of the City address, Mayor Mitchell mentions that “there are projections that the Tempe’s central, urban core is going to more than double with nearly 90,000 residents by the year 2040” (skip to minute 5:30 of the following video for that part of his speech.)

Of course, the Novus Innovation Corridor that is being developed by ASU is said to be bringing a LOT of people and interest to this area, as well.

Contact Tempe real estate expert Nick Bastian to learn more about this opportunity to own a home in one of our most desired neighborhoods.

Nick can be reached at 602-803-6425.

Price:$375,000
Address:506 West 11th Street
City:Tempe
State:AZ
Zip Code:85281
Year Built:1948
Square Feet:1250
Lot Square Feet:7460
Bedrooms:3
Bathrooms:1
Garage:1 Car Garage

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