NOT LISTED FOR SALE

1859 E Cornell Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $654,203 - $766,000

8 Beds
3 Baths
3,142 Sq Ft
$220/Sq Ft Est. Value

About This Home

This home is located at 1859 E Cornell Dr, Tempe, AZ 85283 and is currently estimated at $690,551, approximately $219 per square foot. 1859 E Cornell Dr is a home located in Maricopa County with nearby schools including Fuller Elementary School, Fees College Preparatory Middle School, and Marcos De Niza High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Leighson Investments Llc
Bought by
Cornell Rd Llc
Current Estimated Value
$690,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$74,355
Interest Rate
6.32%
Estimated Equity
$616,196

Purchase Details

Closed on
May 24, 2024
Sold by
Carlos Ariel
Bought by
Leighson Investments Llc

Purchase Details

Closed on
Dec 2, 2021
Sold by
Carlos Ariel and Carlos Doris May
Bought by
Carlos Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2020
Sold by
Carlos Ariel
Bought by
Carlos Ariel and Carlos Doris May

Purchase Details

Closed on
Feb 25, 2019
Sold by
Carlos Doris May and Carlos Ariel
Bought by
Carlos Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 3, 2000
Sold by
Elza Laura J
Bought by
Recososa Ernesto and Recososa Asela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.96%
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.

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Cornell Rd Llc $675,000 Magnus Title Agency
Leighson Investments Llc -- --
Carlos Ariel -- Pioneer Title Agency Inc
Carlos Ariel -- None Available
Carlos Ariel -- Security Title Agency
Carlos Ariel $352,000 Security Title Agency Inc
Recososa Ernesto $245,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornell Rd Llc $75,000
Open Cornell Rd Llc $400,376
Previous Owner Carlos Ariel $422,000
Previous Owner Carlos Ariel $37,000
Previous Owner Carlos Ariel $228,193
Previous Owner Recososa Ernesto $220,500
Source: Public Records

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 $3,653 $30,478 -- --
2024 $3,373 $29,027 -- --
2023 $3,373 $46,060 $9,210 $36,850
2022 $3,235 $34,680 $6,930 $27,750
2021 $3,258 $32,630 $6,520 $26,110
2020 $3,159 $30,010 $6,000 $24,010
2019 $3,099 $28,710 $5,740 $22,970
2018 $3,022 $26,810 $5,360 $21,450
2017 $2,932 $25,360 $5,070 $20,290
2016 $2,911 $25,800 $5,160 $20,640
2015 $2,796 $22,920 $4,580 $18,340
Source: Public Records

Map

Arizona Maricopa County Tempe 85283 The Lakes

1859 E Cornell Dr, Tempe, AZ

Not Listed for Sale

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