NOT LISTED FOR SALE

1111 W University Dr Unit 1025 Tempe, AZ 85281

Gililland Neighborhood

Estimated Value: $422,000 - $524,000

2 Beds
2 Baths
1,404 Sq Ft
$337/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $355,000 $253 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,962/month

23 Days on Market

Highlights

  • Fitness Center
  • Property is near public transit
  • Granite Countertops
  • Gated Community
  • Vaulted Ceiling
  • Community Pool

About This Home

As of March 2021

Prime Location in the Heart of Downtown Tempe! Walking Distance to all shops & ASU. Modern architecture located in The Vale Condominiums. 2 Story unit with a patio. 2 Bedrooms 2 Bath split floorplan with one bedroom on the lower level and second bedroom upstairs with a loft. Wood flooring throughout, 2 story vaulted ceilings in main living area. Kitchen is open to family room. Big windows that provide a lot of natural lighting. Kitchen has modern white cabinets, granite counters & premium stainless steel appliances. Upgraded bathrooms, white cabinets, tile flooring & quartz counters. Community amenities include a community pool & spa & work facility.

Last Listed By

Rebekah Liperote

Redfin Corporation License #SA584723000 Listed on: 01/15/2021

Redfin Corporation

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 2005

HOA Fees

  • $270 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,404 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Tinted Windows
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • 99 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 1025
  • Assessor Parcel Number 124-61-178

Community Details

Overview

  • Association fees include roof repair, sewer, pest control, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • Vale Condominium Association, Phone Number (480) 829-7400
  • Built by Beck Development
  • Vale Condominiums Subdivision

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,018

Year Built

Built in 2005

Lot Details

0

HOA Fees

$270 per month

Parking

2

Listing Details

  • Cross Street: Hardy and University
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 270.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2020
  • Directions: West on University, Vale Condominiums will be on the South side of University.
  • Property Sub Type: Townhouse
  • Horses: No
  • Subdivision Name: VALE CONDOMINIUMS
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 270.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1404.0
  • Stories: 2
  • Window Features: Double Pane Windows, Tinted Windows
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:Workout Facility: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Community Spa: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Patio
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa, Community Pool, Near Light Rail Stop, Near Bus Stop, Fitness Center
  • Amenities: Management
  • Association Fee: 270.0
  • Association Fee Frequency: Monthly
  • Association Name: Vale Condominium
  • Phone: 480-829-7400
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 160.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Vale Condominium
  • Association Fees:HOA Telephone4: 480-829-7400
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 540.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Sewer, Pest Control, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 99.0
  • Parcel #: 124-61-178
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Beck Development

Tax Info

  • Tax Annual Amount: 2018.0
  • Tax Book Number: 124.00
  • Tax Lot: 1025
  • Tax Map Number: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Feb 26, 2021
Sold by
Yuan Qiuchen
Bought by
Mortensen Reed Ryan Tyler
Seller's Agent
Rebekah Liperote
Redfin Corporation
Buyer's Agent
Christina Carlson
Carlson Real Estate Specialists
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Total Days on Market
23
Current Estimated Value
$472,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,901
Avg. Annual Appreciation
7.10%
Original Mortgage
$284,000
Outstanding Balance
$257,462
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$215,439

Purchase Details

Listed on
Mar 25, 2014
Closed on
Apr 24, 2014
Sold by
Johnson Kara J
Bought by
Yuan Qiuchen
Seller's Agent
Rachael Richards
RHouse Realty
Buyer's Agent
Eva Li
West USA Realty
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$174,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2009
Sold by
U S Bank National Association
Bought by
Johnson Kara J

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
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2008
Sold by
Walker Lisa
Bought by
Us Bank National Association

Purchase Details

Closed on
May 23, 2006
Sold by
Peterson Thaxton
Bought by
Walker Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2005
Sold by
Beck Marketing Llc
Bought by
Peterson Thaxton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,065
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2005
Sold by
Beck Developments Llc
Bought by
Beck Marketing Llc

Range of Values:

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Average Value
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List Price
Sold Price
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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
Mortensen Reed Ryan Tyler $355,000 Empire West Title Agency Llc
Yuan Qiuchen $220,000 Magnus Title Agency
Johnson Kara J $200,000 Great American Title
Us Bank National Association $288,000 Great American Title Agency
Walker Lisa $399,000 Camelback Title Agency Llc
Peterson Thaxton $317,237 --
Beck Marketing Llc $260,396 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mortensen Reed Ryan Tyler $284,000
Previous Owner Yuan Qiuchen $63,885
Previous Owner Yuan Qiuchen $177,000
Previous Owner Yuan Qiuchen $174,000
Previous Owner Johnson Kara J $160,000
Previous Owner Walker Lisa $359,100
Previous Owner Peterson Thaxton $222,065
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $355,000 +1.4% $253 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $350,000 +59.1% $249 / Sq Ft
04/30/2014 04/30/14 Sold $220,000 -2.2% $157 / Sq Ft
03/31/2014 03/31/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $225,000 0.0% $160 / Sq Ft
04/25/2013 04/25/13 Rented $1,285 -0.8% --
04/22/2013 04/22/13 Under Contract -- -- --
03/08/2013 03/08/13 For Rent $1,295 +0.8% --
03/16/2012 03/16/12 Rented $1,285 +0.8% --
03/05/2012 03/05/12 Under Contract -- -- --
02/14/2012 02/14/12 For Rent $1,275 -- --
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 $2,181 $19,472 -- --
2024 $2,155 $18,545 -- --
2023 $2,155 $33,300 $6,660 $26,640
2022 $2,067 $25,020 $5,000 $20,020
2021 $2,081 $24,880 $4,970 $19,910
2020 $2,018 $23,420 $4,680 $18,740
2019 $1,980 $18,860 $3,770 $15,090
2018 $1,931 $19,510 $3,900 $15,610
2017 $1,873 $19,380 $3,870 $15,510
2016 $1,860 $19,270 $3,850 $15,420
2015 $1,787 $16,560 $3,310 $13,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6181709

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-61-178