421 S Terry Ln, Tempe, AZ 85281 Property Records

Maricopa County property record for 421 S Terry Ln, Tempe, AZ 85281

Property Summary

Property Type	Duplex
Details	1,752 sqft · built 1985
Lot Size	0.147 acres (6,400 sqft)
Owner	Company Name on Record
Last Sale	$713,000 (May 2022)
Tax Bill	$1,729 (2025)
Deeds & Mortgages	May 2022 Sale & Mortgage Feb 2022 Sale & Mortgage
Flood Zone	Zone X (moderate risk)
APN	`124-29-001-K`

Property Details

APN / Parcel Number

Primary APN	`124-29-001-K`
Alternative APN	`12429001K9`

Interior

Units	2 Units
Stories	1 Story
Building Area	1,752 sqft Living Area
1st Floor Area	1,752 sqft

Exterior

Year Built	Built 1985
Effective Year Built	Effective 1985
Architectural Style	Duplex Single
Exterior Material	Concrete Block
Construction Type	Tilt-Up Concrete
Roof Material	Built-Up Asphalt
Lot Area	6,400 sqft (0.147 acres)

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Street Address	421 S TERRY LN
City	TEMPE
State	AZ
Zip	85281-8008
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Local Zoning Code	M-H
Legal Description	MERCADO HOMES MCR 60/30
Legal Range	4E
Legal Township	1N
Legal Section	16
Legal Subdivision	MERCADO HOMES
Legal Lot Number	4
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	2
Census Block	2001
Census Tract	318800

Owner

Source: Maricopa County records, as of October 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	421 S TERRY LN, TEMPE, AZ 85281-8008
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
May 25, 2022	Warranty Deed, Transfer · Conventional Mortgage NEXBANK SSB
Feb 8, 2022	Warranty Deed, Transfer · Commercial Mortgage CAPITAL FUND I LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 25, 2022 · Amount on Record
Deed Sale	May 25, 2022 · Amount on Record
Prior Sale	Feb 8, 2022 · Amount on Record
Deed Document Number	2022450745
Prior Transfer Date	Jun 26, 1995
Prior Transfer Doc	0000365989
Record Updated	Oct 29, 2026

May 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	May 25, 2022
Property Address	421 S TERRY LN, TEMPE, AZ 85281-8008
Document Number	0000450745
Map Reference	MB 60 PG 30
Instrument Date	May 18, 2022
Instrument	20220450745
Transaction Type	Transfer
Record Updated	Mar 5, 2024
Title Company	FIRST ARIZONA TITLE AGENCY INC, FIRST ARIZONA TITLE AGCY LLC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	421 S TERRY LN, TEMPE, AZ 85281-8008

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Community Property with Right of Survivorship
Address	1251 OCEAN BREEZE DR, FLOWER MOUND, TX 75028-4248

Mortgage

Document Number	0000450746
Date	May 25, 2022
Instrument	20220450746

Lender

Name	NEXBANK SSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jun 1, 2052

Interest

Rate Type	Adjustable Rate
Rate	5.25%
Type Change Date	Jun 1, 2029
Change Frequency	6 Months
Min Rate At Change	2.75%
Max Rate At Change	10.2%
Index	Other
Max Rate	10.2%

February 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Feb 8, 2022
Property Address	421 S TERRY LN, TEMPE, AZ 85281-8008
Document Number	0000117837
Map Reference	MB 60 PG 30
Instrument Date	Feb 4, 2022
Instrument	20220117837
Transaction Type	Transfer
Record Updated	Mar 5, 2024
Title Company	DRIGGS TITLE AGENCY INC-NV, DRIGGS TITLE AGENCY INC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	4710 S DORSEY LN, TEMPE, AZ 85282-7257

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3323 W MALDONADO RD, PHOENIX, AZ 85041-6321

Mortgage

Document Number	0000117838
Date	Feb 8, 2022
Instrument	20220117838

Lender

Name	CAPITAL FUND I LLC
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Tempe City
Elementary School District	Tempe School District (PK - 08)
Secondary School District	Tempe Union High School District (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$52,960 (+267.09%)	$529,600 (+4.98%) Land $105,900 Building $423,700
2025	$1,729.00 (+8.33%)	$14,427 (-70.33%)	$504,500 (+3.74%) Land $100,900 Building $403,600
2024		$48,630	$486,300 Land $97,200 Building $389,100
2023	$1,596.00

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (1985)
Most Recent Claim	Jul 1985 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF TEMPE serves 165,000 people · EPA ID AZ0407100
Water Source	Surface water
Last State Inspection	Mar 2026
Lead	4 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Apr 2017
Treatment and Procedure	Treatment report not submitted Oct 2017
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 550 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable	2,000 / 100
Verizon Fixed Wireless	1,000 / 75
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 400
AirFiber WISP Fixed Wireless	100 / 25
AT&T Fixed Wireless	100 / 20

May also be available: GeoLinks, T-Mobile.

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