NOT LISTED FOR SALE

1945 E Velvet Dr Tempe, AZ 85284

South Tempe Neighborhood

Estimated Value: $591,326 - $661,000

3 Beds
2 Baths
1,997 Sq Ft
$314/Sq Ft Est. Value

Last Sold April 11, 2018

Last sale price $368,500 $185 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,463/month

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • 1 Fireplace
  • C I Waggoner School Rated A-
  • Spanish Architecture
  • Corner Lot

About This Home

As of May 2024

Wonderful 3 bedroom, 2 bathroom corner lot available now in Tempe. Close to ASU and located in the Kyrene school district. You will love this stunner. Front yard and backyard have been updated and so has the inside. No HOA on the property and landscaping is included in the price. Home boasts high ceilings & has a fireplace. Kitchen is upgraded with stainless steel appliances and quartz countertops and eat in kitchen. Bathrooms are updated. Owner has left the washer and dryer for your use. Lots of storage in this property and 2 car garage. Home is located close to schools, restaurants and shopping. Easy access to multiple freeways and 15 minutes into the airport. Come, Show and rent, you will not be disappointed.

Last Agent to Rent the Property

Ann Gregory

Gregory Real Estate and Mgnt License #BR543155000 Listed on: 04/15/2024

Last Renter's Agent

Ted Starnes

Consolidated Asset Mgmt, Inc License #SA647166000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1984

Lot Details

  • 9,217 Sq Ft Lot
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Artificial Turf
  • Corner Lot
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Direct Access Garage

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,997 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 1 Fireplace
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Schools

  • C I Waggoner Elementary School
  • Kyrene Middle School
  • Corona Del Sol High School

Utilities

  • Cooling Available
  • Heating Available
  • High Speed Internet

Additional Features

  • No Interior Steps
  • Covered Patio or Porch
  • Property is near bus stop

Community Details

  • No Home Owners Association
  • Built by US Home Corp
  • Tempe Royal Palms Unit 18 Amd Subdivision

Listing and Financial Details

  • Property Available on 4/15/24
  • $50 Move-In Fee
  • Rent includes gardening service
  • 12-Month Minimum Lease Term
  • $50 Application Fee
  • Tax Lot 649
  • Assessor Parcel Number 301-50-404

Home Details

Home Type

Single Family

Year Built

Built in 1984

Lot Details

9,217 Sq Ft Lot

Parking

2

Rental Info

  • Rent Includes: Gardening Service
  • Available Date: 2024-04-15

Listing Details

  • Cross Street: McClintock & Elliot
  • Property Type: Residential Lease
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1984
  • Non Assistive Animals: Lessor Approval
  • Rental Info Rental Tax Percent: 1.8
  • Initial Move In Costs Application Fee: 50.0
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: TEMPE ROYAL PALMS UNIT 18 AMD
  • Architectural Style: Spanish
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Appliances: Disposal, Dishwasher, Refrigerator, Electric Cooktop, Microwave, Dryer, Washer
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Breakfast Bar, Eat-in Kitchen, Pantry, High Speed Internet, No Interior Steps, Vaulted Ceiling(s)
  • Living Area: 1997.0
  • Stories: 1
  • Window Features: Blinds, Drapes

Exterior Features

  • Fencing: Block
  • Lot Features: Cul-De-Sac, Corner Lot, Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Synthetic Grass Back
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Block, Wood Frame, Painted, Stucco
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, RV Gated, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Association: No
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: C I Waggoner School
  • High School: Corona Del Sol High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Kyrene Middle School

Lot Info

  • Lot Size Sq Ft: 9217.0
  • Parcel #: 301-50-404

Building Info

  • Builder Name: US Home Corp

Tax Info

  • Tax Lot: 649

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2018
Closed on
Apr 9, 2018
Sold by
Morato Tiffany L and Morato Jorge A
Bought by
Nguyen Sylvia Dung
Seller's Agent
Megan Faber
Real Broker
Buyer's Agent
Allison Salcido
Realty ONE Group
List Price
$360,000
Sold Price
$368,500
Premium/Discount to List
$8,500
2.36%
Current Estimated Value
$626,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,832
Avg. Annual Appreciation
6.95%
Original Mortgage
$350,075
Outstanding Balance
$300,989
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$325,343

Purchase Details

Closed on
Jul 7, 2008
Sold by
Morato Jorge A
Bought by
Morato Tiffany L

Purchase Details

Closed on
Mar 3, 2005
Sold by
Morato Jorge A
Bought by
Morato Tiffany L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2004
Sold by
Scarafiotti Charles J
Bought by
Morato Jorge A and Morato Tiffany L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 1999
Sold by
Scarafiotti Charles J and Scarafiotti Victoria C
Bought by
Scarafiotti Charles J and Scarafiotti Victoria C
Source: Public Records
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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 Sylvia Dung $368,500 Fidelity National Title Agen
Morato Tiffany L -- None Available
Morato Tiffany L -- --
Morato Jorge A $214,000 Stewart Title & Trust
Scarafiotti Charles J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Sylvia Dung $350,075
Previous Owner Morato Tiffany L $196,500
Previous Owner Morato Jorge A $171,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2024 05/01/24 Rented $3,599 +2.9% --
04/26/2024 04/26/24 Under Contract -- -- --
04/15/2024 04/15/24 For Rent $3,499 0.0% --
04/11/2018 04/11/18 Sold $368,500 +2.4% $185 / Sq Ft View Prior Sale
03/17/2018 03/17/18 For Sale $360,000 0.0% $180 / Sq Ft
08/13/2016 08/13/16 Rented $1,800 0.0% --
07/22/2016 07/22/16 Price Changed $1,800 -10.0% $1 / Sq Ft
07/12/2016 07/12/16 For Rent $2,000 +54.4% --
09/16/2013 09/16/13 Rented $1,295 0.0% --
08/27/2013 08/27/13 Under Contract -- -- --
08/21/2013 08/21/13 For Rent $1,295 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,950 $31,645 -- --
2024 $2,788 $30,138 -- --
2023 $2,788 $43,030 $8,600 $34,430
2022 $2,643 $32,950 $6,590 $26,360
2021 $2,747 $30,950 $6,190 $24,760
2020 $2,681 $29,470 $5,890 $23,580
2019 $2,596 $27,860 $5,570 $22,290
2018 $2,509 $25,980 $5,190 $20,790
2017 $2,814 $24,410 $4,880 $19,530
2016 $2,840 $24,630 $4,920 $19,710
2015 $2,619 $22,420 $4,480 $17,940
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2024

    Ann Gregory

    Gregory Real Estate and Mgnt

    (602) 989-3411

    Ann Gregory
    Section Image

  • T

    Tenant's Agent in 2024

    Ted Starnes

    Consolidated Asset Mgmt, Inc

    (480) 570-8441

    Ted Starnes
    Section Image
  • Megan Faber

    Seller's Agent in 2018

    Megan Faber

    Real Broker

    (480) 822-8980

    125 Total Sales

    Megan Faber
    Section Image
  • Allison Salcido

    Buyer's Agent in 2018

    Allison Salcido

    Realty One Group

    (480) 202-0030

    1 in this area

    8 Total Sales

    Allison Salcido
    Section Image

  • M

    Seller's Agent in 2016

    Marie Kaihau

    HomeSmart

    (480) 862-5069

    21 Total Sales

    Marie Kaihau
    Section Image

  • M

    Seller's Agent in 2013

    Maggie Smith

    Valley Executives Real Estate

    (480) 756-4281

    16 Total Sales

    Maggie Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6691944

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-50-404

Arizona Maricopa County Tempe 85284 South Tempe

1945 E Velvet Dr, Tempe, AZ

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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