NOT LISTED FOR SALE

Estimated Value: $221,000 - $233,000

1 Bed
1 Bath
693 Sq Ft
$247/mo HOA Fee

Last Sold March 28, 2022

Last sale price $255,000 $368 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,517/month

4 Days on Market

Highlights

  • Fitness Center
  • Transportation Service
  • Theater or Screening Room
  • Kyrene de los Lagos School Rated A
  • Community Lake
  • 1 Fireplace

About This Home

As of March 2022

Unit is clean but needs updating. Discover a world of adventure in Ahwatukee. Portofino offers a prime location encouraging outdoor enthusiasm by bringing the wonder of nature just moments from your doorstep. Explore South Mountain Park, a 16,000 acre preserve, by hiking or mountain biking through its rugged majesty. Enjoy Portofino's lakefront location by reeling in a sunrise while fishing. This full service property includes state-of-the-art amenities which include three swimming pools and two fitness centers.

Last Agent to Sell the Property

Deborah Hoskinson

Condominium Rental Srvc License #BR503994000 Listed on: 02/15/2022

Last Buyer's Agent

Monique Walker

RE/MAX Excalibur License #SA544942000

RE/MAX Excalibur

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $769

Year Built

  • Built in 1995

Lot Details

  • Private Streets
  • Desert faces the front and back of the property

HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 693 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 1 Fireplace

Kitchen

  • Electric Cooktop
  • Built-In Microwave

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bathroom is a Full Bathroom
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage

Schools

  • Kyrene De Los Lagos Elementary School
  • Kyrene Akimel A Middle School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 2038
  • Assessor Parcel Number 306-04-354-0

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • City Property Mgmt Association, Phone Number (602) 437-4777
  • Lakewood Community Association, Phone Number (602) 957-9191
  • Association Phone (602) 957-9191
  • Built by Monarch
  • Portofino Condominium Subdivision
  • Community Lake

Amenities

  • Transportation Service
  • Theater or Screening Room
  • Recreation Room

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$769

Year Built

Built in 1995

Lot Details

0

HOA Fees

$247 per month

Listing Details

  • Cross Street: Chandler & 40th St
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Lakewood Community
  • HOA #2 Phone Number: 602-957-9191
  • HOA #2 Transfer Fee: 400.0
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 246.67
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1995
  • Tax Year: 2021
  • Directions: South on 40th Street; West on Lakewood Pkwy; property will be on right. Building #6
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: PORTOFINO CONDOMINIUM
  • Property Attached Yn: Yes
  • Tax Parcel Letter: 0
  • Association Fees:HOA Fee2: 180.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, 9+ Flat Ceilings, No Interior Steps, Pantry, Full Bth Master Bdrm
  • Living Area: 693.0
  • Stories: 2
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Community Media Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Transportation Svcs: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony, Private Street(s), Storage
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Transportation Svcs, Near Bus Stop, Community Media Room, Biking/Walking Path, Fitness Center
  • Association #2 Fee: 400.0
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Association: Lakewood Community
  • Association Name: Portofino Condominiu
  • Association Phone #2: 602-957-9191
  • Phone: 602-437-4777 xt 2105
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 180.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Portofino Condominiu
  • Association Fees:HOA Telephone4: 602-437-4777 xt 2105
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 360.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: City Property Mgmt
  • Association Fees:HOA Management Phone: 602-437-4777 xt 2105
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Kyrene de los Lagos School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Kyrene Akimel A-Al Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 869.0
  • Parcel #: 306-04-354-0

Building Info

  • Builder Name: Monarch

Tax Info

  • Tax Annual Amount: 769.0
  • Tax Book Number: 306.00
  • Tax Lot: 2038
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Mar 1, 2022
Sold by
Carlos Herrera
Bought by
Elias Rick Fareed and Elias Yasmin
Seller's Agent
Deborah Hoskinson
Condominium Rental Srvc
Buyer's Agent
Monique Walker
RE/MAX Excalibur
List Price
$260,000
Sold Price
$255,000
Premium/Discount to List
-$5,000
-1.92%
Current Estimated Value
$225,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,125
Avg. Annual Appreciation
-2.47%
Original Mortgage
$200,000
Outstanding Balance
$188,468
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$45,313

Purchase Details

Closed on
May 7, 2007
Sold by
Portofino Condominiums Llc
Bought by
Herrera Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,475
Interest Rate
6.12%
Mortgage Type
Unknown
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
Elias Rick Fareed $255,000 Stewart Title & Trust Of Phoen
Herrera Carlos $176,500 The Talon Group Tempe Supers
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elias Rick Fareed $200,000
Previous Owner Herrera Carlos $26,475
Previous Owner Herrera Carlos $141,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $255,000 -1.9% $368 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $260,000 0.0% $375 / Sq Ft
01/12/2018 01/12/18 Rented $800 -8.6% --
11/22/2017 11/22/17 Price Changed $875 -7.9% $1 / Sq Ft
11/13/2017 11/13/17 Price Changed $950 -9.5% $1 / Sq Ft
11/07/2017 11/07/17 For Rent $1,050 -- --
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 $799 $7,808 -- --
2024 $666 $7,436 -- --
2023 $666 $16,630 $3,320 $13,310
2022 $634 $12,910 $2,580 $10,330
2021 $769 $11,500 $2,300 $9,200
2020 $751 $10,400 $2,080 $8,320
2019 $729 $9,470 $1,890 $7,580
2018 $706 $9,150 $1,830 $7,320
2017 $677 $8,010 $1,600 $6,410
2016 $682 $7,350 $1,470 $5,880
2015 $613 $6,760 $1,350 $5,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6356366

Arizona Regional Multiple Listing Service (ARMLS)

APN: 306-04-354