NOT LISTED FOR SALE

1517 E Driftwood Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $594,000 - $612,000

3 Beds
2 Baths
1,666 Sq Ft
$360/Sq Ft Est. Value

Last Sold May 17, 2013

Last sale price $235,000 $141 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $3,668/month

16 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Waterfront
  • Rover Elementary School Rated A-
  • RV Parking in Community
  • 5-minute walk to Gaicki Park

About This Home

As of May 2013

Wow!Your opportunity awaits! On the water! Fantastic courtyard entry w/the world's most amazing kitchen remodel! Kitchen boasts the best!Wolf appliances, maple custom cabinets, granite, subzero Refrig & Subzero Wine fridge, Patio doors open the entire width of kitchen overlooking courtyard & pool w/water feature. Outdoor kitchen & fireplace! Backyard backs up to water on ''the pond''. Hardwood floors in dining & living,travertine tile almost everywhere else. Carpet only in 2 beds. The master & hall baths will need attention & carpet however, this oportunity on the water does not happen very often! A/C a few years old, roof, evap, Heat,pool filter as well. The recent upgrades are top of the line. Huge mature trees in the front and mature garden/tropical feel in the backyard!SHORT SALE

Last Listed By

Debbie Perkins

Realty Executives License #SA113686000 Listed on: 01/31/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,928

Year Built

  • Built in 1972

Lot Details

  • 5,249 Sq Ft Lot
  • Waterfront
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Private Yard

HOA Fees

  • Property has a Home Owners Association

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Fixer Upper
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,666 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Living Room with Fireplace
  • 2 Fireplaces

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Pool

  • Heated Spa
  • Play Pool

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Built-In Barbecue

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Refrigerated Cooling System
  • Refrigerated and Evaporative Cooling System
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 301-02-556

Community Details

Overview

  • The Lakes Association, Phone Number (480) 838-1023
  • Built by Knoell
  • The Lakes Tract R 1 Subdivision
  • FHA/VA Approved Complex
  • RV Parking in Community
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,928

Year Built

Built in 1972

Lot Details

0

HOA Fees

$97 per month

Parking

2

Listing Details

  • Cross Street: McClintock/Baseline
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 96.66
  • Basement: N
  • Cooling HVAC SEER Rating: 18
  • Energy Green Feature H E R S Rating: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2012
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2006
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2010
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2006
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2006
  • Parking Spaces Total Covered Spaces: 2.0
  • Year Built: 1972
  • Tax Year: 2012
  • Directions: South on McClintock to Southshore, West on Southshore, North on Eastshore, West on Driftwood to home on left
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.12
  • Subdivision Name: The Lakes Tract R-1
  • Architectural Style: Ranch
  • New Construction: No
  • Association Fees:HOA Fee2: 290.0
  • Special Features: None

Interior Features

  • Basement: None
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Community, Heated, None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 2 Fireplace, Exterior Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Kitchen Island, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1666.0
  • Stories: 1
  • Window Features: Skylight(s)
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: 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:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Fireplace:_two_ Fireplace: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Community Features:HandballRacquetball: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Spa: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Patio, Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front
  • Pool Features: Play Pool, Community, Heated, Private
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Block
  • Property Condition: Fixer
  • Roof: Tile, Foam
  • Construction:Block: Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

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

Utilities

  • Cooling: Refrigeration, Both Refrig & Evap, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Lake Subdivision, Pool, Tennis Court(s), Racquetball, Playground, Biking/Walking Path, Clubhouse, Fitness Center
  • Amenities: FHA Approved Prjct, Management, Rental OK (See Rmks), RV Parking, VA Approved Prjct
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes
  • 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
  • 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: 5249.0
  • Parcel #: 301-02-556
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Knoell

Tax Info

  • Tax Annual Amount: 1928.0
  • Tax Book Number: 301.00
  • Tax Lot: 20
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2014
Sold by
Moore Vicki A
Bought by
Moore Kenneth Scott and Nicoll Moore Kathryn Elizabeth
Total Days on Market
16
Current Estimated Value
$600,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Outstanding Balance
$70,616
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$518,778

Purchase Details

Listed on
Jan 31, 2013
Closed on
May 9, 2013
Sold by
Balfanz John T and Balfanz Theresa M
Bought by
Nicoll Moore Kathryn E and Scott Moore K
Seller's Agent
Debbie Perkins
Realty Executives
Buyer's Agent
Edward Surchik
Realty Executives
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Apr 3, 1998
Sold by
Balfanz Theresa M and Monks Theresa M
Bought by
Balfanz John T and Balfanz Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
7.18%

Purchase Details

Closed on
Jun 23, 1997
Sold by
Salisbury William F and Salisbury Cynthia S
Bought by
Monks Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
7.83%
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
Moore Kenneth Scott -- First Arizona Title Agency
Nicoll Moore Kathryn E $235,000 First American Title Ins Co
Balfanz John T -- Security Title Agency
Monks Theresa M $179,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Kenneth Scott $213,000
Previous Owner Balfanz John T $150,000
Previous Owner Balfanz John T $22,000
Previous Owner Monks Theresa M $143,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2013 05/17/13 Sold $235,000 -4.1% $141 / Sq Ft
02/06/2013 02/06/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $245,000 -- $147 / 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 $2,538 $26,208 -- --
2024 $2,507 $24,960 -- --
2023 $2,507 $45,970 $9,190 $36,780
2022 $2,394 $34,260 $6,850 $27,410
2021 $2,441 $31,710 $6,340 $25,370
2020 $2,360 $29,970 $5,990 $23,980
2019 $2,315 $30,570 $6,110 $24,460
2018 $2,253 $29,050 $5,810 $23,240
2017 $2,182 $29,230 $5,840 $23,390
2016 $2,172 $28,750 $5,750 $23,000
2015 $2,101 $26,820 $5,360 $21,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4883123

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-556