NOT LISTED FOR SALE

16540 E El Lago Blvd Unit 5 Fountain Hills, AZ 85268

Estimated Value: $636,576 - $680,000

3 Beds
2 Baths
1,652 Sq Ft
$399/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $485,000 $294 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,980/month

11 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Covered patio or porch
  • Fountain Hills Middle School Rated A-
  • Heated Community Pool
  • 2 Car Direct Access Garage

About This Home

As of June 2021

Desirable and rarely on the market. Single level patio home in Villa Estates. Private rear yard. Open floorplan w/ 3rd bedroom being is used as den. Stainless appliances, nicely updated bathrooms with vessel sinks. Carpet needs replacing and therefore priced accordingly.

Last Agent to Sell the Property

Karen DeGeorge

Russ Lyon Sotheby's International Realty License #SA525444000 Listed on: 05/21/2021

Co-Listed By

Susan Pellegrini

Russ Lyon Sotheby's International Realty License #BR542334000

Last Buyer's Agent

Tiffany Carlson-Richison

Realty ONE Group License #BR556807000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,849

Year Built

  • Built in 2001

Lot Details

  • 220 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,652 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

Schools

  • Mcdowell Mountain Elementary School
  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered patio or porch

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 176-24-800

Community Details

Overview

  • Association fees include roof repair, insurance, pest control, ground maintenance, street maintenance, front yard maint, roof replacement, maintenance exterior
  • Ellithorpe Realty Association, Phone Number (480) 889-2314
  • Built by Visser
  • Villa Estates At Town Center Condominiums Subdivision

Recreation

  • Heated Community Pool
  • Community Spa

Security

  • Gated Community
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,849

Year Built

Built in 2001

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Cross Street: El Lago & Fountain Hills Blvd
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 300.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2001
  • Tax Year: 2020
  • Directions: East on El Lago to gated community on the left.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.01
  • Co List Office Mls Id: LYON27
  • Co List Office Phone: 480-809-4255
  • Subdivision Name: VILLA ESTATES AT TOWN CENTER CONDOMINIUMS
  • Architectural Style: Other (See Remarks)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 300.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, No Interior Steps, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Living Area: 1652.0
  • Stories: 1
  • Window Features: Sunscreen(s), Dual Pane
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Media Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, 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: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Water Source: Pvt Water Company
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Pool Htd
  • Amenities: Management
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Name: Villa Estates HOA
  • Phone: 480-889-2314
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Villa Estates HOA
  • Association Fees:HOA Telephone4: 480.889.2314
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Ellithorpe Realty
  • Association Fee Incl:Front Yard Maint: 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:Blanket Ins Policy: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: McDowell Mountain Elementary School
  • High School: Fountain Hills High School
  • Junior High Dist: Fountain Hills Unified District
  • Middle Or Junior School: Fountain Hills Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 220.0
  • Parcel #: 176-24-800
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Visser

Tax Info

  • Tax Annual Amount: 1849.0
  • Tax Book Number: 176.00
  • Tax Lot: 5
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Kitts Lawrence L
Bought by
Kitts Lawrence L and Stead Todd M
Total Days on Market
11
Current Estimated Value
$659,144

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 14, 2021
Sold by
Jenkins Mark Whitmore and Jenkins Michael Edward
Bought by
Kitts Lawrence L
Seller's Agent
Karen DeGeorge
Russ Lyon Sotheby's International Realty
Buyer's Agent
Tiffany Carlson-Richison
Realty ONE Group
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Mar 10, 2009
Sold by
Rimestad Patricia A
Bought by
Rimestad Patricia Ann and Patricia Ann Rimestad Revocable Trust

Purchase Details

Closed on
Sep 17, 2007
Sold by
Pavelich Louis G
Bought by
Rimestad Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2006
Sold by
Nicks Treva J
Bought by
Pavelich Louis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.08%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 12, 2004
Sold by
Nicks Treva J and Nicks Robert L
Bought by
Nicks Treva J and Treva J Nicks Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 6, 2001
Sold by
Nicks Treva J and Nicks Robert L
Bought by
Treva J Nicks Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.12%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Kitts Lawrence L -- None Listed On Document
Kitts Lawrence L $485,000 American Title Svc Agcy Llc
Rimestad Patricia Ann -- None Available
Rimestad Patricia A $440,000 Grand Canyon Title Agency In
Pavelich Louis G $420,000 Grand Canyon Title Agency In
Nicks Treva J -- First Financial Title Agency
Nicks Robert L -- First Financial Title Agency
Treva J Nicks Trust -- --
Nicks Robert L $207,400 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rimestad Patricia Ann $236,000
Previous Owner Rimestad Patricia Ann $243,700
Previous Owner Rimestad Patricia A $250,000
Previous Owner Pavelich Louis G $84,000
Previous Owner Pavelich Louis G $336,000
Previous Owner Nicks Robert L $175,000
Previous Owner Nicks Robert L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $485,000 -3.0% $294 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $499,900 -- $303 / 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 $2,188 $36,537 -- --
2024 $2,022 $25,831 -- --
2023 $2,022 $43,160 $8,630 $34,530
2022 $1,696 $37,880 $7,570 $30,310
2021 $1,883 $34,760 $6,950 $27,810
2020 $1,849 $33,480 $6,690 $26,790
2019 $1,895 $31,180 $6,230 $24,950
2018 $1,886 $30,780 $6,150 $24,630
2017 $1,810 $28,860 $5,770 $23,090
2016 $1,771 $28,860 $5,770 $23,090
2015 $1,674 $23,710 $4,740 $18,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6239656

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-24-800