Tempe's small geography contains unusually varied residential demand. Neighborhoods near downtown and Arizona State University can experience different redevelopment and ownership pressures than established postwar areas farther south.
For a Date of Death appraisal in Tempe, the key is to recreate the property's actual competitive environment before later infill, transit-oriented development, remodeling, or project changes altered it.
Housing near ASU may attract owner-occupants, investors, parents of students, or redevelopment interest. That demand should be demonstrated from the relevant period rather than assumed from today's market.
Tempe contains historic resources and culturally significant postwar subdivisions. Architecture, lot pattern, additions, effective age, and neighborhood character can outweigh simple distance.
Attached housing should be compared through project age, HOA obligations, parking, unit position, amenities, ownership restrictions, and competing inventory. A nearby detached sale usually answers a different question.
A site that appears highly desirable today because of later redevelopment, transit, or urban amenities may have had a different competitive setting on the historical effective date.
Return to the Maricopa County Date of Death appraisal page.
Retrospective appraisals available throughout Maricopa County and surrounding areas.
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