500 W 1st St, Tempe, AZ 85281 Property Records

Maricopa County property record for 500 W 1st St, Tempe, AZ 85281

Property Summary

Property Type	Apartments (5+ Units)
Details	258,138 sqft · built 2017
Lot Size	2.4 acres (104,713 sqft)
Owner	Company Name on Record
Last Sale	$44,500,000 (Jan 2019)
Tax Bill	$343,560 (2025)
Deeds & Mortgages	Feb 2019 Re-recorded Document Jan 2019 Sale & Mortgage
Flood Zone	Zone X (moderate risk)
APN	`124-24-252`

Property Details

APN / Parcel Number

Primary APN	`124-24-252`
Alternative APN	`124242529`

Interior

Units	3 Units
Stories	4 Stories
Building Area	258,138 sqft Living Area
1st Floor Area	258,138 sqft

Exterior

Year Built	Built 2017
Effective Year Built	Effective 2017
Construction Type	Wood
Lot Area	104,713 sqft (2.4 acres)
Total Buildings	3 Buildings

Utilities, Heating & Cooling

Sewer	Municipal

Location & Zoning

Street Address	500 W 1ST ST
City	TEMPE
State	AZ
Zip	85281-0313
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	MU4
Legal Description	BROADSTONE LAKESIDE MCR 1354-14
Legal Range	4E
Legal Township	1N
Legal Section	16
Legal Subdivision	BROADSTONE LAKESIDE
Legal Lot Number	1
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	4
Census Block	4007
Census Tract	318800

Owner

Source: Maricopa County records, as of April 20, 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	6623 N SCOTTSDALE RD, SCOTTSDALE, AZ 85250-4421
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Feb 6, 2019	Re-recorded Document FIRST AMERICAN TITLE
Jan 31, 2019	Special Warranty Deed, Transfer · Commercial Mortgage NORTHMARQ CAPITAL FINANCE LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 31, 2019 · Amount on Record
Deed Sale	Jan 31, 2019 · Amount on Record
Prior Sale	Mar 14, 2016 · Amount on Record
Deed Document Number	201968023
Prior Transfer Date	Jan 28, 2019
Prior Transfer Doc	0000083637
Record Updated	Jun 8, 2026

February 2019: Re-recorded Document

Document Type	Re-recorded Document
Jurisdiction	MARICOPA AZ
Recording Date	Feb 6, 2019
Property Address	500 W 1ST ST, TEMPE, AZ 85281-0313
Document Number	0000083637
Map Reference	MB 1354 PG 14
Instrument Date	Jan 28, 2019
Instrument	20190083637
Record Updated	Sep 14, 2021
Title Company	FIRST AMERICAN TITLE

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt

Transferred From (Grantor/Seller)

Name	Verified Name
Address	2525 E CAMELBACK RD # RD500, 2525, PHOENIX, AZ 85016-4219

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	12760 RANCHO PENASQUITOS BLVD, SAN DIEGO, CA 92129-2938

January 2019: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Jan 31, 2019
Property Address	500 W 1ST ST, TEMPE, AZ 85281-0313
Document Number	0000068023
Map Reference	MB 1354 PG 14
Instrument Date	Jan 28, 2019
Instrument	20190068023
Transaction Type	Transfer
Record Updated	Sep 14, 2021
Title Company	FIRST AMERICAN TITLE

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	2525 E CAMELBACK RD # RD500, 2525, PHOENIX, AZ 85016-4219

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	12760 RANCHO PENASQUITOS BLVD, SAN DIEGO, CA 92129-2938

Mortgage

Document Number	0000068024
Date	Jan 31, 2019
Instrument	20190068024

Lender

Name	NORTHMARQ CAPITAL FINANCE LLC
Type	Non-Lending Institution

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		$3,974,230 (+38.65%)	$39,742,300 (-3.59%) Land $7,948,400 Building $31,793,900
2025	$343,560.00 (+8.31%)	$2,866,346 (-45.74%)	$41,220,100 (-21.96%) Land $8,244,000 Building $32,976,100
2024		$5,282,130	$52,821,300 Land $10,564,200 Building $42,257,100
2023	$317,211.00

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
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	2 in force

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 441 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable · Fiber in parts of the area	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

May also be available: AT&T, CenturyLink, GeoLinks, T-Mobile.

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