NOT LISTED FOR SALE

1505 E Edgewater Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $606,000 - $656,000

4 Beds
2 Baths
2,024 Sq Ft
$313/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $350,000 $173 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,758/month

5 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Clubhouse
  • Rover Elementary School Rated A-
  • Community Lake
  • Corner Lot

About This Home

As of December 2018

Located on a corner lot with desirable N/S exposure just a stone's throw from the waterfront in this wonderful Tempe Lakes community. Home offers a large, open family room adjacent to the formal dining room. Updated kitchen with granite countertops and stainless steel appliances. Spacious living room features a cozy fireplace and big sliding doors with direct access to the backyard, offering gorgeous natural light. Backyard boasts a sparkling pool, wonderful shaded back porch with fan, brand new Aquaterra above-ground spa (hardwired to a 220v 50amp circuit), and two garden beds ready for a green thumb. You'll also notice a brand new, 17 seer Air Conditioner and HVAC that cools the home quickly and efficiently! Spacious guest bedrooms. Master suite has separate access to the backyard and private bathroom. All bathroom vanities and sinks, as well as the kitchen, were updated just 3 years ago. Brand new garage door opener for the 2 car garage that can double as a workshop. The garage is equipped with storage, air conditioner, fan, and convenient electrical outlets for welding/power tools. The garage door is insulated as well which provides comfort and the ability to enjoy your hobbies. The esteemed Lakes community offers numerous amenities, such as the community Olympic-sized heated pool and clubhouse. This home is truly amazing and move-in ready. Do not hesitate to make this home yours!

Last Listed By

John Sposato

Keller Williams Realty Sonoran Living License #SA100302000 Listed on: 11/14/2018

Keller Williams Realty Sonoran Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,998

Year Built

  • Built in 1978

Lot Details

  • 6,734 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,024 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated Spa
  • Heated Pool
  • Above Ground Spa

Outdoor Features

  • Covered patio or porch

Schools

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

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 148
  • Assessor Parcel Number 301-02-846

Community Details

Overview

  • Property has a Home Owners Association
  • The Lakes Community Association, Phone Number (480) 838-1023
  • Built by ROOSEN
  • Lakes Tract C3 Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,998

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Cross Street: McClintock Drive & Baseline Road
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: 50.0
  • Recreation Center Fee 2: N
  • Recreation Center Fee: Y
  • Recreation Center Paid Frequency: Annually
  • Total Monthly Fee Equivalent: 105.83
  • Basement: N
  • Cooling HVAC SEER Rating: 17
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2015
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2015
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2018
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2015
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2018
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1978
  • Tax Year: 2018
  • Directions: US-60 East. Exit right on McClintock Dr. Right on Southshore Dr. Right on Marine Dr. Home is on the corner of Marine Dr and Edgewater Dr.
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.15
  • Co List Office Mls Id: kwsl02
  • Co List Office Phone: 480-948-3338
  • Subdivision Name: LAKES TRACT C3
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 305.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: Community, Heated, Above Ground
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Walk-In Closet(s), Eat-in Kitchen, Breakfast Bar, Wet Bar, Kitchen Island, Double Vanity, High Speed Internet, Granite Counters
  • Living Area: 2024.0
  • Stories: 1
  • Window Features: Skylight(s), Double Pane Windows
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: 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:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Corner Lot, Desert Back, Desert Front, Gravel/Stone Back, Grass Front, Irrigation Front, Irrigation Back
  • Pool Features: Community, Heated, Private
  • Disclosures: Agency Discl Req
  • Home Warranty: Yes
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

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

Utilities

  • Cooling: Refrigeration, Other, Ceiling Fan(s), See Remarks
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Wshr/Dry HookUp Only, Washer Included
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake Subdivision, Tennis Court(s), Playground, Clubhouse, Fitness Center
  • Amenities: None, Management, Rental OK (See Rmks)
  • 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:HOA Telephone4: 480-838-1023
  • 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_: $

Schools

  • Elementary School: Rover Elementary School
  • High School: Marcos De Niza High School
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6734.0
  • Parcel #: 301-02-846
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: ROOSEN

Tax Info

  • Tax Annual Amount: 2998.0
  • Tax Book Number: 301.00
  • Tax Lot: 148
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Nguyen Phuong
Bought by
Nguyen Phuong D and Gailey Steven
Total Days on Market
5
Current Estimated Value
$633,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$233,102
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$400,211

Purchase Details

Listed on
Nov 14, 2018
Closed on
Dec 17, 2018
Sold by
Gailey Steven and Nguyen Phuong
Bought by
Nguyen Phuong
Seller's Agent
John Sposato
Keller Williams Realty Sonoran Living
Buyer's Agent
Anton Vu
Access Arizona Realty
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$330,600
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jun 30, 2015
Sold by
Landes Jerry M and Landes Michele J
Bought by
Scherich Kathleen H
Seller's Agent
Melissa Debnar
CORE Choice Realty
Buyer's Agent
George Wanner
Keller Williams Realty Sonoran Living
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%

Purchase Details

Closed on
Dec 28, 2004
Sold by
Landes Jerry M and Landes Michele J
Bought by
Landes Jerry M and Landes Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,875
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2004
Sold by
Alexander Lee Ann
Bought by
Landes Jerry and Landes Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,875
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Johnson Maurice H and Johnson Marsha A
Bought by
Alexander Lee Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,120
Interest Rate
5.25%
Mortgage Type
New Conventional

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
Nguyen Phuong D -- Dhi Title Agency
Nguyen Phuong -- Infinity Title Agency
Nguyen Phuong $348,000 Infinity Title Agency
Scherich Kathleen H $310,000 U S Title Agency Llc
Landes Jerry M -- --
Landes Jerry $266,500 Capital Title Agency Inc
Alexander Lee Ann $228,900 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Phuong D $100,000
Open Nguyen Phuong D $324,000
Closed Nguyen Phuong $330,600
Previous Owner Landes Jerry $199,875
Previous Owner Alexander Lee Ann $183,120
Closed Alexander Lee Ann $25,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $350,000 0.0% $173 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $350,000 +12.9% $173 / Sq Ft
07/06/2015 07/06/15 Sold $310,000 -3.7% $153 / Sq Ft
06/13/2015 06/13/15 Pending -- -- --
06/06/2015 06/06/15 Price Changed $322,000 -2.1% $159 / Sq Ft
05/25/2015 05/25/15 Price Changed $329,000 -0.3% $163 / Sq Ft
04/30/2015 04/30/15 For Sale $330,000 -- $163 / 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 $2,553 $32,034 -- --
2024 $3,064 $30,509 -- --
2023 $3,064 $44,420 $8,880 $35,540
2022 $2,927 $33,070 $6,610 $26,460
2021 $2,984 $31,010 $6,200 $24,810
2020 $2,885 $29,010 $5,800 $23,210
2019 $2,830 $27,320 $5,460 $21,860
2018 $3,176 $24,730 $4,940 $19,790
2017 $3,082 $23,620 $4,720 $18,900
2016 $3,060 $23,510 $4,700 $18,810
2015 $2,939 $21,300 $4,260 $17,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5846851

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-846