NOT LISTED FOR SALE

402 E Colgate Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $297,115 - $331,000

2 Beds
1 Bath
1,073 Sq Ft
$289/Sq Ft Est. Value

Last Sold April 09, 2015

Last sale price $125,000 $116 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $1,838/month

10 Days on Market

Highlights

  • Contemporary Architecture
  • Eat-In Kitchen
  • Bike Trail
  • Community Pool
  • Central Air
  • Carpet

About This Home

As of April 2015

Incredible 2 Bedroom patio home! This property has a charming open floor, recently painted walls and updated Kitchen that includes new Cabinets, Granite countertops and new appliances!! 18'' tile in kitchen, hallway and bathroom. Move-in ready in a well manicured community that also provides a community pool and club house. Close to ASU, shopping & freeways! Please note the Property is leased until Sept 1st for $1000. Tenant would like to stay for additional year if it is purchase with the intent to rent.

Last Agent to Sell the Property

James Yancey

Gentry Real Estate License #SA623899000 Listed on: 02/16/2015

Gentry Real Estate

Last Buyer's Agent

Wadad Ghomrawi

My Home Group Real Estate License #SA625424000

My Home Group Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $754

Year Built

  • Built in 1978

Lot Details

  • 2,940 Sq Ft Lot

HOA Fees

  • $116 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Contemporary Architecture
  • Santa Barbara Architecture
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 1,073 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 1 Bathroom

Schools

  • Aguilar Elementary School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 59
  • Assessor Parcel Number 301-80-502

Community Details

Overview

  • Association fees include insurance, (see remarks), street maintenance, front yard maint
  • City Property Mngmt Association, Phone Number (602) 437-4777
  • Built by Mastercraft
  • University Royal Garden Homes Subdivision

Amenities

  • Recreation Room

Recreation

  • Community Pool
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$754

Year Built

Built in 1978

Lot Details

0

HOA Fees

$116 per month

Listing Details

  • Cross Street: Rural & Baseline
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 116.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1978
  • Tax Year: 2014
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.07
  • Subdivision Name: University Royal Garden Homes
  • Architectural Style: Contemporary, Santa Barbara/Tuscan
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 116.49
  • Association Fees:HOA Fee2: 116.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Full Bth Master Bdrm
  • Living Area: 1073.0
  • Stories: 1
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Other
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Biking/Walking Path
  • Association Fee: 116.0
  • Association Fee Frequency: Monthly
  • Association Name: City Property Mngmt
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: City Property Mngmt
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Insurance, Other (See Remarks), Street Maint, Front Yard Maint

Schools

  • Elementary School: Aguilar School
  • High School: Marcos De Niza High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2940.0
  • Parcel #: 301-80-502

Building Info

  • Builder Name: Mastercraft

Tax Info

  • Tax Annual Amount: 754.0
  • Tax Book Number: 301.00
  • Tax Lot: 59
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
Azure Sea Lane Llc
Bought by
402 E Colgate Llc
Current Estimated Value
$310,029

Purchase Details

Closed on
Jan 27, 2022
Sold by
Azure Sea Lane Llc
Bought by
402 E Colgate Llc

Purchase Details

Listed on
Feb 16, 2015
Closed on
Apr 8, 2015
Sold by
Aiche Marwan and Aiche Maha
Bought by
Azure Sea Lane Llc
Seller's Agent
James Yancey
Gentry Real Estate
Buyer's Agent
Wadad Ghomrawi
My Home Group Real Estate
List Price
$129,000
Sold Price
$125,000
Premium/Discount to List
-$4,000
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.83%
Original Mortgage
$93,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Moore Diane B and Rhodes Diane B
Bought by
Sauvageau Nicole E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 1994
Sold by
Bublitz Heidi Leigh
Bought by
Rhodes Diane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,943
Interest Rate
8.61%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
402 E Colgate Llc -- Abel Law Group Pllc
402 E Colgate Llc -- Abel Law Group Pllc
Azure Sea Lane Llc -- None Available
Aiche Marwan $125,000 Greystone Title Agency
Sauvageau Nicole E $72,000 Security Title Agency
Rhodes Diane B $52,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aiche Marwan $93,750
Previous Owner Sauvageau Nicole E $57,600
Previous Owner Rhodes Diane B $51,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2015 04/09/15 Sold $125,000 -3.1% $116 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $129,000 0.0% $120 / Sq Ft
09/08/2014 09/08/14 Rented $999 0.0% --
08/29/2014 08/29/14 Under Contract -- -- --
08/21/2014 08/21/14 For Rent $999 -- --
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 $1,158 $9,664 -- --
2024 $1,069 $9,203 -- --
2023 $1,069 $21,470 $4,290 $17,180
2022 $1,026 $16,720 $3,340 $13,380
2021 $1,033 $15,650 $3,130 $12,520
2020 $1,002 $14,380 $2,870 $11,510
2019 $983 $13,050 $2,610 $10,440
2018 $958 $12,030 $2,400 $9,630
2017 $930 $11,000 $2,200 $8,800
2016 $923 $9,870 $1,970 $7,900
2015 $887 $8,300 $1,660 $6,640
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James Yancey

    Gentry Real Estate

    (480) 452-6227

    13 Total Sales

    James Yancey
    Section Image
  • Wadad Ghomrawi

    Buyer's Agent in 2015

    Wadad Ghomrawi

    My Home Group

    (480) 225-4741

    1 in this area

    24 Total Sales

    Wadad Ghomrawi
    Section Image

  • A

    Seller's Agent in 2014

    Ann Gregory

    Gregory Real Estate and Mgnt

    (602) 989-3411

    Ann Gregory
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5237738

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-80-502

Arizona Maricopa County Tempe 85283 The Lakes

402 E Colgate Dr, Tempe, AZ

Not Listed for Sale

Townhouses

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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