NOT LISTED FOR SALE

1518 E South Shore Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $682,000 - $784,000

4 Beds
3.5 Baths
2,284 Sq Ft
$327/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $760,000 $333 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,532/month

4 Days on Market

Highlights

  • Fitness Center
  • Solar Power System
  • Community Lake
  • Rover Elementary School Rated A-
  • Two Primary Bathrooms
  • 4-minute walk to Gaicki Park

About This Home

As of August 2023

Redesigned to Perfection! This 4 Bed/3.5 Bath 2,284sqft, block construction home on East Lake features 2 NEW Primary Suites - one downstairs and one upstairs, remodeled bedrooms and bathrooms, open and bright kitchen with gas stove, pull-out drawers and granite counters, custom paint throughout, dual pane windows, engineered wood and NEW laminate flooring, vaulted ceilings, NEW A/C, NEW roof, and a NEW SOLAR SYSTEM that is completely paid for! Last month's electric bill was $50! The backyard is designed for large gatherings. You'll enjoy the lush landscaping including lemon, orange, and pear trees and the artistically designed extended paver patio with garden beds intertwined and a walkway to the pond right outside your gate. Other features include a Tuff Shed, rain gutters, water softener, synthetic turf and gas fireplace. Check out The Lakes amenities at the clubhouse - all included in your low $117/month HOA dues. You'll Love Living In The Lakes!

Last Agent to Sell the Property

Daniel Birk

Realty Executives Brokerage Phone: 602-369-1145 License #SA554956000 Listed on: 06/29/2023

Realty Executives

Last Buyer's Agent

Leah Rickel-Burr

Realty ONE Group License #SA669811000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,712

Year Built

  • Built in 1972

Lot Details

  • 7,118 Sq Ft Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • 5 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Roof Updated in 2023
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,284 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Floors Updated in 2021
  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Bathroom Updated in 2021
  • Two Primary Bathrooms
  • 3.5 Bathrooms

Outdoor Features

  • Covered patio or porch
  • Gazebo
  • Outdoor Storage

Schools

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

Utilities

  • Cooling System Updated in 2022
  • Refrigerated Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Solar Power System
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 301-02-545

Community Details

Overview

  • Association fees include ground maintenance
  • Lca Association, Phone Number (480) 838-1023
  • Built by Mission Viejo
  • Lakes Tract R1 Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,712

Year Built

Built in 1972

Lot Details

0

HOA Fees

$117 per month

Parking

2

Listing Details

  • Cross Street: LAKESHORE/BASELINE
  • 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: 117.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2021
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2021
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2022
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 5.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1972
  • Tax Year: 2022
  • Directions: S on Lakeshore, E on South Shore Dr to 1518
  • Attribution Contact: 602-369-1145
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: LAKES TRACT R1
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 351.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Upstairs, Eat-in Kitchen, 2 Master Baths, 3/4 Bath Master Bdrm, Granite Counters
  • Living Area: 2284.0
  • Stories: 2
  • Window Features: Double Pane Windows
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Kitchen Features:Granite Countertops: 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:Pickleball Court(s): Yes
  • Community Features:Workout Facility: Yes
  • Community Features:HandballRacquetball: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Lake Subdivision: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Covered Patio(s), Gazebo/Ramada, Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Front, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile, Foam
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 5.0

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Pickleball Court(s), Community Spa Htd, Community Pool Htd, Near Bus Stop, Lake Subdivision, Tennis Court(s), Racquetball, Playground, Biking/Walking Path, Clubhouse, Fitness Center
  • Amenities: Management
  • Association Fee: 351.0
  • Association Fee Frequency: Quarterly
  • Association Name: LCA
  • Phone: 480-838-1023
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: LCA
  • Association Fees:HOA Telephone4: 480-838-1023
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 351.0
  • Association Fee Incl:Common Area Maint3: Yes

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: 7118.0
  • Parcel #: 301-02-545
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Mission Viejo

Tax Info

  • Tax Annual Amount: 2712.0
  • Tax Book Number: 301.00
  • Tax Lot: 9
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
Jun 22, 2018
Sold by
Carro Carro P and Carro Jacqueline
Bought by
Kedron Peter Joseph and Frazier Amy Elizabeth
Seller's Agent
Mindy Jones
Real Broker
Buyer's Agent
Katherine Walsh
Keller Williams Realty East Valley
List Price
$470,000
Sold Price
$450,000
Premium/Discount to List
-$20,000
-4.26%
Total Days on Market
4
Current Estimated Value
$745,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,831
Avg. Annual Appreciation
7.57%
Original Mortgage
$360,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 1999
Sold by
Carro Jacqueline
Bought by
Carro P Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.63%

Purchase Details

Closed on
Oct 3, 1997
Sold by
Carro P Michael
Bought by
Carro P Michael and Carro Jacqueline

Purchase Details

Closed on
Sep 22, 1997
Sold by
White Madelene
Bought by
Carro P Michael
Source: Public Records

Range of Values:

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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
Kedron Peter Joseph $450,000 Old Republic Title Agency
Carro P Michael -- Stewart Title & Trust
Carro P Michael -- --
Carro P Michael $160,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kedron Peter Joseph $356,000
Closed Kedron Peter Joseph $360,000
Previous Owner Carro P Michael $80,000
Previous Owner Carro P Michael $210,000
Previous Owner Carro P Michael $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $760,000 -1.2% $333 / Sq Ft
07/04/2023 07/04/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $769,000 +70.9% $337 / Sq Ft
06/29/2018 06/29/18 Sold $450,000 0.0% $197 / Sq Ft
06/02/2018 06/02/18 Pending -- -- --
06/01/2018 06/01/18 Price Changed $450,000 -2.2% $197 / Sq Ft
05/02/2018 05/02/18 Price Changed $460,000 -2.1% $201 / Sq Ft
04/09/2018 04/09/18 For Sale $470,000 -- $206 / 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 $2,875 $29,688 -- --
2024 $2,840 $28,274 -- --
2023 $2,840 $50,100 $10,020 $40,080
2022 $2,712 $37,210 $7,440 $29,770
2021 $2,766 $35,030 $7,000 $28,030
2020 $2,674 $33,680 $6,730 $26,950
2019 $2,622 $34,820 $6,960 $27,860
2018 $2,552 $33,170 $6,630 $26,540
2017 $2,472 $33,610 $6,720 $26,890
2016 $2,460 $33,650 $6,730 $26,920
2015 $2,380 $31,130 $6,220 $24,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6574380

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-545