2 months on rocket

401 S Robert Rd, Tempe, AZ, 85281

$499,999

Home List Price

$5,937*

Closing Credit

5 Bedrooms
2 Baths
1,524 SqFt
$328/SqFt
House

Location

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401 S Robert Rd, Tempe$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1951
HeatingElectric
FireplaceNone
MLS #6748518
Lot Size0.16 Acres
StatusActive

About 401 S Robert Rd

Unlock Your House-Hacking Potential in the Heart of Tempe! This expansive 5-bedroom, 2-bathroom home offers a rare combination of space, style, and income-generating possibilities, perfect for investors or savvy homebuyers. Live in one room and Airbnb the rest, rent out individual rooms, or make it your full-time residence while letting the property pay for itself. Projected to generate an impressive annual revenue of $69,007, this home boasts a 10.4% Cap Rate, 13.7% Gross Yield, and a 15.4% Cash-on-Cash Return. Thoughtfully updated, the home features a bright, airy kitchen with sage-colored cabinets and skylights, alongside energy-efficient double-pane windows and durable block walls for added insulation. With prime proximity to Tempe's top amenities and solid Airbnb performance in the area, this property is poised for consistent returns. Don't miss this unique opportunity to own a spacious, stylish home with significant investment upside! Maximize rental space with 5 rooms or swap one room for an oversized primary suite. ! Properties that offer this perfect blend of aesthetic appeal and an unbeatable environment near ASU, Mill Ave, and the 10, 60 ,202 freeways are truly one-of-a-kinddon't miss the chance to make it yours

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1
  • Living Area: 1,524 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (602) 954-6888
  • Listing Agent: Vanessa Roark

Interior Features

Interior Information:

  • Flooring Type: Laminate
  • Interior: Eat-in Kitchen, No Interior Steps
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $328/SqFt

Tax Information:

  • Annual Amount: $1,528
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Tempe, AZ.

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Tempe, AZ

City

Med. Sold Price

$475K

Med. Price/SqFt

$303

Avg. Days On Market

48

# of Sold Homes

120

401 S Robert Rd vs Tempe

85 DAYS ON ROCKET

+37 Days

$499,999

+$24.9K More

$328/SqFt

+$24 More

KEY TAKEAWAY

This property is $24.9K more than the Median Sold Price and $24/SqFt more than other homes in Tempe, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6748518

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (602) 954-6888
  • Listing Agent: Vanessa Roark

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 26, 2015Home Sold
$198,000
Jan 04, 2012Home Sold
$105,000
Aug 30, 2007Home Sold
$234,000
May 24, 2007Home Sold
$187,000
May 09, 2007Home Sold
$175,000
Jul 10, 1996Home Sold
$61,500
Dec 03, 1991Home Sold
$55,300

Tax History

YEARPROP. TAXASSESSMENT
2021$1,528$22,560
2020$1,481$20,510
2019$1,417$18,230
2017$1,376$14,280

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1082332
3
/10

  • Scales Technology Academy

  • 1115 W 5th St

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-1082333
2
/10

  • Holdeman Elementary School

  • 1326 W 18th St

  • 1.18 miles

  • Public District Grades KG-5

school-card-donut-1082334
6
/10

  • Broadmor Elementary School

  • 311 E Aepli Dr

  • 1.94 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,728. Residents of Tempe, AZ typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 401 S Robert Rd

What is the listing price of this property?

The listing price of 401 S Robert Rd property is $499,999.

What type of property is this?

The property 401 S Robert Rd is a house located in Tempe, Arizona, 85281.

Is this property for sale now?

Active Listing: 401 S Robert Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,528 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 26, 2015 for $198,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 401 S Robert Rd has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 401 S Robert Rd is 1,524 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 S Robert Rd is 1951.

Rocket Homes›Arizona›Maricopa County›Tempe›85281›401 S Robert Rd

This home is located at 401 S Robert Rd in Tempe, AZ and zip code 85281 in the Sunset neighborhood. This 1,524 square foot home, which was built in 1951, sits on a 0.16 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $499,999.

Tempe, AZ housing market in October 2024 saw over 17 listings sold above listed price, more than 30 sold at listed price and over 73 sold below. Between September 2024 and October 2024, Tempe, AZ real estate market has seen increase in the number of listings by 11.6%. In October 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $475,000.

From Rocket Homes Real Estate and based on county public records data.

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