1497 S RITA Lane, Tempe, AZ 85281

$212,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 600 Lot Size (sq. ft.): 1,132 Status: Closed
Current Price: $212,000 Last Modified: 11/18/2025

Description

ATTENTION: Appraisers, Realtors, etc. This is a leasehold property. Do not use this property as a comparable sale. The property is part of Newtown's Community Land Trust program and is being sold below market value. Buyers must meet income eligibility and other program requirements. The ground lease contains resale and other restrictions.

More Information MLS# 6935466

Contract Information

Type: Exclusive Right To Sell Ownership: Leasehold Co-Ownership (Fractional) Agreement YN: No Sold Price: $212,000 Status: Closed Current Price: $212,000 List Date: 2025-10-17

Location, Tax & Legal

Assessor's Map #: 9 Legal Description (Abbrev): LOT 9 TEMPE MICRO ESTATES MCR 150348 Assessor's Parcel #: 839 Tax Municipality: Tempe Taxes: 1165 House Number: 1497 Compass: S Street Name: RITA St Suffix: Lane City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 5806 County Code: Maricopa Assessor Number: 133-09-839 Subdivision: TEMPE MICRO ESTATES Tax Year: 2024

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Full Bathrooms: 1 Half Bathrooms: 0 Approx SQFT: 600 Price/SqFt: 353.33 Approx Lot SqFt: 1132 Approx Lot Acres: 0.026 Flood Zone: No Horses: N Builder Name: 180 Degrees Design and Develop Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Joseph P. Spracale Elementary School Jr. High School: McKemy Academy of International Studies High School: Tempe High School Community Pool Y/N: No Private Pool Y/N: No Planned Comm Name: Tempe Micro Estates Fireplace YN: No Marketing Name: Tempe Micro Estates Dwelling Type: Single Family Residence Exterior Stories: 2 # Bedrooms: 1 Total Bathrooms: 1 Year Built: 2021

Legal Info

Range: 4E Section: 23 Township: 1N Lot Number: 9

Special Listing Cond

Exclusions (SeeRmks): 1 Owner Occupancy Req: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Foam: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: No HOA Transfer Fee: 400 HOA Fee: 170 HOA Paid Frequency: Monthly HOA Name: Tempe Micro Estates HOA Telephone: 480-517-1589 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Prepaid Association Fees HOA: 0 Disclosure Fees HOA: 0 Other Fees HOA: 0 Land Lease Fee Y/N: Y Land Lease Fee: 0 Land Lease Pd (Freq): Monthly Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 170

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Master Bathroom

3/4 Bath Master Bdrm: 1

Dining Area

Dining in LR/GR: 1

Heating

Mini Split: 1

Kitchen Features

Disposal: 1 Electric Range: 1 Built-in Microwave: 1 Refrigerator: 1 Electric Cooktop: 1

Cooling

Mini Split: 1

Laundry

Other: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Other: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 1 Carport Spaces: 1

New Financing

Cash: 1 Conventional: 1

Utilities

APS: 1

Existing 1st Loan

Conventional: 1

Property Description

Corner Lot: 1

Landscaping

None: 1

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

Water: 1 Garbage Collection: 1 Common Area Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Prof Managed: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Rural Rd and Apache Blvd Directions: South on Rural, East on Spence, South on Rita Ln park in visitor spaces only Geo Lat: 33.411167 Geo Lon: -111.921643

Status Change Info

Off Market Date: 2025-10-17 Under Contract Date: 2025-10-17 Close of Escrow Date: 2025-11-18 Sold Price: $212,000

Property Features

Special Listing Cond: Exclusions (SeeRmks); Owner Occupancy Req Master Bathroom: 3/4 Bath Master Bdrm Spa: None Dining Area: Dining in LR/GR Kitchen Features: Electric Range; Electric Cooktop; Disposal; Built-in Microwave; Refrigerator Laundry: Other Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Cooling: Mini Split Heating: Mini Split Utilities: APS Water Source: City Water Sewer: Sewer - Public; Sewer-In & Connected Fencing: Other Property Description: Corner Lot Landscaping: None Lockbox Type: None Possession: Close of Escrow Association Fee Incl: Water; Garbage Collection; Common Area Maint Existing 1st Loan: Conventional New Financing: Cash; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Fathom Realty Elite
IDX
Last Updated: November - 18 - 2025
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