NOT LISTED FOR SALE

1050 E Driftwood Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $695,000 - $939,012

3 Beds
2 Baths
1,678 Sq Ft
$498/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $406,000 $242 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,835/month

2 Days on Market

Highlights

  • Fitness Center
  • 0.21 Acre Lot
  • Vaulted Ceiling
  • Waterfront
  • Community Lake
  • Spanish Architecture

About This Home

As of October 2018

Spectacular single level waterfront home in highly sought after Tempe community of The Lakes!! This beautifully updated 3 bedroom, 2 bath home greets you with gorgeous lake views the moment you walk through the front door. Home features open floor plan with wood look tile flooring, vaulted ceilings in living room with beautiful picture windows overlooking the lake, cozy gas fireplace, neutral paint throughout, and private front courtyard. Updated kitchen with maple cabinetry, granite countertops, stainless steel appliances, and newer sliding glass door with access to side yard. Master Bedroom is spacious with walk-in closet, updated bath, and access to patio. Premium oversized lot with huge grassy side yard, and large patio overlooking the water with private boat dock and stunning views! This Resort style community offers amenities including boating, fishing, walking trails, tennis courts, clubhouse with olympic pool and spa, fitness center, and children's play area. Close to ASU, airport, freeways, and shopping. You don't want to miss out on this one!!!

Last Agent to Sell the Property

Sarah Colton

Midland Real Estate Alliance License #SA558118000 Listed on: 08/24/2018

Co-Listed By

Karl Tunberg

eXp Realty License #BR014015000

Last Buyer's Agent

Bev J. Bermudez

West USA Realty License #SA542924000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1972

Lot Details

  • 9,085 Sq Ft Lot
  • Waterfront
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Spanish Architecture
  • Patio Home
  • Property Attached
  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,678 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Balcony
  • Patio
  • Playground

Schools

  • Rover Elementary School
  • FEES College Preparatory Middle School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Grab Bar In Bathroom
  • Property is near bus stop

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 301-02-506-A

Community Details

Overview

  • Association fees include ground maintenance
  • The Lakes Community Association, Phone Number (480) 838-1023
  • The Lakes Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Racquetball
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1972

Lot Details

0

HOA Fees

$102 per month

Parking

2

Listing Details

  • Cross Street: Rural & Baseline
  • Legal Info Range: R2E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 101.67
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2014
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2014
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1972
  • Tax Year: 2624
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.21
  • Co List Office Mls Id: scsl01
  • Co List Office Phone: 480-325-1411
  • Subdivision Name: The Lakes
  • Architectural Style: Spanish
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 241.95
  • Association Fees:HOA Fee2: 305.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Accessibility Features: Bath Grab Bars
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm
  • Living Area: 1678.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:HandballRacquetball: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Playground, Balcony, Private Yard
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Grass Front
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Painted, Block
  • Patio And Porch Features: Patio
  • Roof: Tile, Built-Up
  • Construction:Block: Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Racquetball, Lake, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Tennis Court(s), Playground, Biking/Walking Path, Fitness Center
  • Association Fee: 305.0
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes Community
  • Phone: 480-838-1023
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: The Lakes Community
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Rover Elementary School
  • High School: Marcos De Niza High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9085.0
  • Parcel #: 301-02-506-A

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2017.0
  • Tax Book Number: 301.00
  • Tax Lot: 23
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2024
Sold by
Nest Rom Llc
Bought by
Chi-Vanlehn Living Trust and Vanlehn
Current Estimated Value
$836,253

Purchase Details

Listed on
Aug 24, 2018
Closed on
Aug 27, 2018
Sold by
Atwood Geoffrey and Atwood Maureen
Bought by
Nest Rom Llc
Seller's Agent
Sarah Colton
Midland Real Estate Alliance
Buyer's Agent
Bev J. Bermudez
West USA Realty
List Price
$399,000
Sold Price
$406,000
Premium/Discount to List
$7,000
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%

Purchase Details

Closed on
May 12, 2014
Sold by
Atwood Laura Rebecca
Bought by
Atwood Geoffrey and Atwood Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,650
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2010
Sold by
Vaughan Barbara B
Bought by
Vaughan Barbara B and Vaughan Family Trust

Purchase Details

Closed on
Jun 20, 2007
Sold by
Wirth Daniel and Wirth Donna Lea
Bought by
Vaughan Barbara B

Purchase Details

Closed on
Oct 28, 2003
Sold by
Wirth Donna Lea and Koopman Donna L
Bought by
Wirth Daniel and Wirth Donna Lea

Purchase Details

Closed on
Dec 6, 2002
Sold by
Moran Paul J and Moran Lesly E
Bought by
Koopman Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2001
Sold by
Hoshizaki Gary W and Hoshizaki Terriann
Bought by
Moran Paul J and Moran Leslye E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 1998
Sold by
Hoshizaki Gary W
Bought by
Hoshizaki Gary W and Hoshizaki Terriann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.6%

Purchase Details

Closed on
Mar 29, 1995
Sold by
Mcglothin Gerald E
Bought by
Hoshizaki Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chi-Vanlehn Living Trust -- None Listed On Document
Nest Rom Llc $406,000 First American Title Insuran
Atwood Geoffrey $267,000 Old Republic Title Agency
Vaughan Barbara B -- None Available
Vaughan Barbara B $499,500 Grand Canyon Title Agency In
Wirth Daniel -- --
Koopman Donna L $254,000 Security Title Agency
Moran Paul J $239,000 Security Title Agency
Hoshizaki Gary W -- --
Hoshizaki Gary W $171,400 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atwood Geoffrey $253,650
Previous Owner Koopman Donna L $180,000
Previous Owner Moran Paul J $191,200
Previous Owner Hoshizaki Gary W $160,000
Previous Owner Hoshizaki Gary W $132,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $406,000 +1.8% $242 / Sq Ft
08/27/2018 08/27/18 Price Changed $399,000 0.0% $238 / Sq Ft
08/26/2018 08/26/18 Pending -- -- --
08/24/2018 08/24/18 For Sale $399,000 -- $238 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,325 $41,087 -- --
2024 $3,947 $39,131 -- --
2023 $3,947 $61,130 $12,220 $48,910
2022 $3,762 $51,960 $10,390 $41,570
2021 $3,827 $49,710 $9,940 $39,770
2020 $3,266 $29,080 $5,810 $23,270
2019 $3,204 $26,350 $5,270 $21,080
2018 $2,709 $24,670 $4,930 $19,740
2017 $2,624 $23,280 $4,650 $18,630
2016 $2,612 $25,180 $5,030 $20,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5811152

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-506A