NOT LISTED FOR SALE

1275 E University Dr Unit 106 Tempe, AZ 85288

Downtown Tempe Neighborhood

Estimated Value: $317,000 - $378,708

2 Beds
2 Baths
1,091 Sq Ft
1,307 Sq Ft Lot

Last Sold February 09, 2018

Last sale price $215,000 $197 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,001/month

85 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Contemporary Architecture
  • Gated Parking
  • Clubhouse
  • Property is near public transit

About This Home

As of February 2018

Perfect for Owner Occupant or Investor CHARMING Turn-Key 1 Level, 2 bed / 2 bath unit located in the desirable Dorsey Place Condominium complex right in the heart of Tempe! Close to ASU, the Light Rail, Shopping and Dining. Complex is gated and includes access controlled underground parking. Amenities include a workout room, sparkling pool, outdoor grills and seating areas with a TV and fire pit. HOA fees also includes a trash Valet Service. HUGE bonus includes new A/C Unit added in 2017! Unit has been updated with engineered wood floors, stainless steel appliances, fresh paint, and new carpet in one closet. Kitchen has tons of storage and you will appreciate the convenient in-unit laundry. Enjoy resort-style living and schedule your viewing today!

Last Agent to Sell the Property

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 10/29/2017

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Ari McCormick

DRH Properties Inc License #BR670249000

DRH Properties Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,009

Year Built

  • Built in 2007

Lot Details

  • Desert faces the front of the property
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • Gated Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,091 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Location

  • Unit is below another unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

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

Additional Features

  • No Interior Steps
  • Balcony

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 132-73-404

Community Details

Overview

  • Property has a Home Owners Association
  • Cam Association, Phone Number (602) 957-4999
  • Built by Dorsey Place Condominiums
  • Dorsey Place Condominiums Subdivision

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Fitness Center
  • Heated Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,009

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Rural & University
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 176.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2017
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2017
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2007
  • Tax Year: 2017
  • Property Sub Type: Apartment Style/Flat
  • Lot Size Acres: 0.03
  • Subdivision Name: Dorsey Place Condominiums
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 197.07
  • Association Fees:HOA Fee2: 176.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: 9+ Flat Ceilings, No Interior Steps, Pantry, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1091.0
  • Stories: 3
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Lot Features: Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls, Neighbor Above
  • Construction Type: Painted, Stucco, Other, See Remarks
  • Roof: Built-Up
  • Construction:Other (See Remarks)23: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Community Structure, Gated
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Community Structure: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Security: Gated Community
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Pool, Clubhouse, Fitness Center
  • Amenities: Management
  • Association Fee Frequency: Monthly
  • Association Name: DORSEY PLACE
  • Phone: 480-967-2110
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 250.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: DORSEY PLACE
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: CAM
  • Association Fees:HOA Management Phone: 602-957-4999
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1091.0
  • Parcel #: 132-73-404
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Dorsey Place Condominiums

Tax Info

  • Tax Annual Amount: 2009.0
  • Tax Book Number: 132.00
  • Tax Lot: 106
  • Tax Map Number: 73.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Pfp Dorsey Investments Llc
Bought by
Fredrick Apts Lllp
Current Estimated Value
$350,677

Purchase Details

Closed on
May 17, 2022
Sold by
Pfp Dorsey Investments Llc
Bought by
Fredrick Apts Lllp

Purchase Details

Closed on
Oct 28, 2019
Sold by
Dorsey Place Condominium Association
Bought by
Pfp Dorsey Investments Llc

Purchase Details

Listed on
Oct 29, 2017
Closed on
Jan 30, 2018
Sold by
Chen Joseph and Chen Susan
Bought by
Idaho Aca Haining and Cao Jie
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
Ari McCormick
DRH Properties Inc
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
Dec 9, 2017
Sold by
Chen Tori
Bought by
Chen Joseph and Chen Susan

Purchase Details

Listed on
Apr 26, 2014
Closed on
Jul 10, 2014
Sold by
Fannie Mae
Bought by
Chen Joseph and Chen Susan
Seller's Agent
Terence Riley
KMF Real Estate LLC
Buyer's Agent
Heping Wei
Gold Trust Realty
List Price
$173,990
Sold Price
$165,000
Premium/Discount to List
-$8,990
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$132,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2014
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Mar 13, 2014
Sold by
Schwantes Valerie Jean
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 15, 2009
Sold by
Schwantes Valerie Jean
Bought by
Brabbs Valerie J

Purchase Details

Closed on
Jul 23, 2008
Sold by
Dorsey Place Condominiums Llc
Bought by
Schwantes Valerie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,930
Interest Rate
6.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fredrick Apts Lllp $47,500,000 First American Title
Fredrick Apts Lllp $47,500,000 First American Title
Pfp Dorsey Investments Llc $234,000 Accommodation
Idaho Aca Haining $215,000 Lawyers Title Of Arizona Inc
Chen Joseph -- Driggs Title Agency Inc
Chen Joseph -- Servicelink
Federal National Mortgage Association -- None Available
Wells Fargo Bank Na $194,858 None Available
Brabbs Valerie J -- None Available
Schwantes Valerie Jean $299,900 The Talon Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Joseph $132,000
Previous Owner Schwantes Valerie Jean $209,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2018 02/09/18 Sold $215,000 -2.2% $197 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $219,900 0.0% $202 / Sq Ft
01/09/2018 01/09/18 Price Changed $219,900 0.0% $202 / Sq Ft
11/17/2017 11/17/17 Pending -- -- --
11/16/2017 11/16/17 Pending -- -- --
10/29/2017 10/29/17 For Sale $219,900 +33.3% $202 / Sq Ft
07/11/2014 07/11/14 Sold $165,000 -5.2% $151 / Sq Ft View Prior Sale
05/09/2014 05/09/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $173,990 -- $159 / 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 $1,961 $20,883 -- --
2024 $2,311 $19,889 -- --
2023 $2,311 $26,160 $5,230 $20,930
2022 $2,217 $21,470 $4,290 $17,180
2021 $2,232 $19,780 $3,950 $15,830
2020 $2,165 $18,310 $3,660 $14,650
2019 $1,845 $16,080 $3,210 $12,870
2018 $2,071 $16,160 $3,230 $12,930
2017 $2,009 $15,760 $3,150 $12,610
2016 $1,995 $15,650 $3,130 $12,520
2015 $1,916 $15,860 $3,170 $12,690
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5680750

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-404