$205,000
SOLD AUG 10, 2016

2040 E Rice Dr Tempe, AZ 85283

The Lakes Neighborhood
3 Beds
2 Baths
1,432 Sq Ft
6,913 Sq Ft Lot

Recently Sold

$143 Per Sq Ft

9% Below List Price

188 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Eat-In Kitchen
  • No HOA
  • 2 Car Direct Access Garage
  • Walk-In Closet

About This Home

As of November 2016

Super Home in Excellent Location Just Half Mile off I-60 & 101 Freeways!! Home Features: 3 Bed Rooms & 2 Baths! Spacious Living Room with Hard Wood Flooring! Large Eat-in Kitchen with Large Island & Breakfast Bar, Custom Oak Cabinets, Built-in Desk, Diagonal Tile Flooring, Decorative Chair Railings! Newer Dishwasher & All Appliances are Included! Kitchen's Double French Doors Open up to Extended Back Covered Patio! Two Tone Paint Through Out! Large Storage Shed in Back Yard, Garage Service Door & Separate Garage Storage Room. All this Just Minutes From ASU, Major Freeways, Entertainment, Shopping, Restaurants & Schools!!

Last Agent to Sell the Property

Robin King

Jason Mitchell Real Estate License #SA524576000 Listed on: 01/31/2016

Jason Mitchell Real Estate

Last Buyer's Agent

Jodi Dobbe

Mogul International Real Estate License #SA648304000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,511

Year Built

  • Built in 1974

Lot Details

  • 6,913 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,432 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Fuller Elementary School
  • FEES College Preparatory Middle School
  • Tempe High School

Utilities

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

Community Details

  • No Home Owners Association
  • Knoell Tempe 6 Subdivision

Listing and Financial Details

  • Tax Lot 1066
  • Assessor Parcel Number 305-01-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,511

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Baseline & Price
  • Legal Info Range: 4E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1974
  • Tax Year: 2013
  • Directions: W on Baseline--S on River--W on Rice to home.
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.16
  • Subdivision Name: KNOELL TEMPE 6
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Walk-In Closet(s), Eat-in Kitchen, Breakfast Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm, High Speed Internet
  • Living Area: 1432.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Storage
  • Lot Features: Desert Front, Grass Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Dir Entry frm Garage, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 1.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Separate Strge Area: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Schools

  • Elementary School: Fuller Elementary School
  • High School: Tempe High School
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6913.0
  • Parcel #: 305-01-018
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1511.0
  • Tax Book Number: 305.00
  • Tax Lot: 1066
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 23, 2016
Sold by
Klages Kimberly K
Bought by
Eicher Kimberly K
Seller's Agent
Stefan Dobbe
Mogul International Real Estate
Buyer's Agent
Michael D'Elena
Compass
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%
Current Estimated Value
$483,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,935
Avg. Annual Appreciation
7.42%
Original Mortgage
$208,000
Outstanding Balance
$169,905
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$320,146

Purchase Details

Listed on
Oct 13, 2016
Closed on
Nov 21, 2016
Sold by
Dobbe Jodi
Bought by
Klages Kimberly K
Seller's Agent
Stefan Dobbe
Mogul International Real Estate
Buyer's Agent
Michael D'Elena
Compass
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$169,905
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$320,146

Purchase Details

Listed on
Oct 13, 2016
Closed on
Nov 15, 2016
Sold by
Klages Krag
Bought by
Klages Kimberly K
Seller's Agent
Stefan Dobbe
Mogul International Real Estate
Buyer's Agent
Michael D'Elena
Compass
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$169,905
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$320,146

Purchase Details

Listed on
Jan 31, 2016
Closed on
Aug 8, 2016
Sold by
Dobbe Stefan
Bought by
Dobbe Jodi
Seller's Agent
Robin King
Jason Mitchell Real Estate
Buyer's Agent
Jodi Dobbe
Mogul International Real Estate
List Price
$225,000
Sold Price
$205,000
Premium/Discount to List
-$20,000
-8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
126.95%
Original Mortgage
$196,000
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2001
Sold by
Schmidt W Charles
Bought by
Mokhtar Arash

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 1996
Sold by
Bailey Schmidt Shara E
Bought by
Schmidt W Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.03%
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $260,000 Security Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency Inc
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $205,000 Security Title Agency Inc
Warranty Deed $140,000 First American Title
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $208,000 New Conventional
Previous Owner $196,000 Purchase Money Mortgage
Previous Owner $135,000 New Conventional
Previous Owner $72,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $260,000 -3.7% $170 / Sq Ft
10/22/2016 10/22/16 Price Changed $269,900 -3.6% $176 / Sq Ft
10/13/2016 10/13/16 For Sale $279,900 +36.5% $183 / Sq Ft
08/10/2016 08/10/16 Sold $205,000 -2.4% $143 / Sq Ft
08/01/2016 08/01/16 Price Changed $210,000 -4.5% $147 / Sq Ft
05/17/2016 05/17/16 Price Changed $220,000 -2.2% $154 / Sq Ft
01/30/2016 01/30/16 For Sale $225,000 0.0% $157 / Sq Ft
09/19/2014 09/19/14 Rented $1,250 -3.5% --
09/08/2014 09/08/14 Under Contract -- -- --
07/08/2014 07/08/14 For Rent $1,295 -- --
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 $2,023 $18,472 -- --
2024 $2,044 $17,592 -- --
2023 $2,044 $31,550 $6,310 $25,240
2022 $1,961 $24,270 $4,850 $19,420
2021 $1,974 $22,080 $4,410 $17,670
2020 $1,914 $19,420 $3,880 $15,540
2019 $1,878 $18,720 $3,740 $14,980
2018 $1,588 $16,820 $3,360 $13,460
2017 $1,538 $15,180 $3,030 $12,150
2016 $1,765 $14,530 $2,900 $11,630
2015 $1,695 $12,930 $2,580 $10,350
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Stefan Dobbe

    Mogul International Real Estate

  • R

    Seller's Agent in 2016

    Robin King

    Jason Mitchell Real Estate

    24 Total Sales

    Robin King
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jodi Dobbe

    Mogul International Real Estate

  • Michael D'Elena

    Buyer's Agent in 2016

    Michael D'Elena

    Compass

    (602) 317-4761

    2 in this area

    215 Total Sales

    Michael D'Elena
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5391516

Arizona Regional Multiple Listing Service (ARMLS)

APN: 305-01-018

Arizona Maricopa County Tempe 85282 The Lakes

2040 E Rice Dr, Tempe, AZ

This home is located at 2040 E Rice Dr, Tempe, AZ 85283 and is currently priced at $205,000, approximately $143 per square foot. This property was built in 1974. 2040 E Rice 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.

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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