406 E Colgate Dr Tempe, AZ 85283
The Lakes NeighborhoodEstimated payment $2,029/month
Highlights
- Play Pool
- Covered Patio or Porch
- Tile Flooring
- Clubhouse
- Eat-In Kitchen
- Central Air
About This Home
Value-add opportunity in a prime Tempe location. Centrally situated near schools, shopping, dining, and major commuter routes, this townhouse offers strong upside potential. Cosmetic remodel, rental, first time home buyer, and more! The home features a functional and spacious layout with a large living room, dedicated dining area, galley kitchen, oversized laundry room, and generously sized bedrooms. The solid floor plan provides an excellent canvas for cosmetic updates and modernization. Single-owner property with room for improvement, making it ideal for an investor seeking to renovate and build equity. The private patio with outdoor fireplace adds a unique outdoor living feature, while the well-maintained community offers expansive grassy areas and a pool- amenities that enhance long-term rental and resale appeal. An excellent opportunity to add value in a central Tempe community with enduring demand.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,496
Year Built
- Built in 1978
Lot Details
- 3,498 Sq Ft Lot
- Block Wall Fence
- Grass Covered Lot
HOA Fees
- $179 Monthly HOA Fees
Parking
- 2 Carport Spaces
Home Design
- Wood Frame Construction
- Foam Roof
- Wood Siding
- Stucco
Interior Spaces
- 1,439 Sq Ft Home
- 1-Story Property
Kitchen
- Eat-In Kitchen
- Electric Range
- Built-In Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Play Pool
- Covered Patio or Porch
Schools
- Aguilar Elementary School
- Connolly Middle School
- Marcos De Niza High School
Utilities
- Central Air
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 57
- Assessor Parcel Number 301-80-500
Community Details
Overview
- Association fees include maintenance exterior, front yard maint, ground maintenance, street maintenance
- University Royal Gar Association, Phone Number (480) 759-4945
- University Royal Garden Homes Subdivision
Amenities
- Clubhouse
Recreation
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,496 | $12,485 | -- | -- |
| 2024 | $1,382 | $11,891 | -- | -- |
| 2023 | $1,382 | $25,500 | $5,100 | $20,400 |
| 2022 | $1,325 | $20,150 | $4,030 | $16,120 |
| 2021 | $1,335 | $18,810 | $3,760 | $15,050 |
| 2020 | $1,294 | $17,580 | $3,510 | $14,070 |
| 2019 | $1,270 | $16,180 | $3,230 | $12,950 |
| 2018 | $1,238 | $14,980 | $2,990 | $11,990 |
| 2017 | $1,201 | $13,910 | $2,780 | $11,130 |
| 2016 | $1,193 | $12,820 | $2,560 | $10,260 |
| 2015 | $1,001 | $10,860 | $2,170 | $8,690 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2026 03/21/26 | Price Changed | $325,000 | -7.4% | $226 / Sq Ft |
| 03/04/2026 03/04/26 | For Sale | $351,000 | -- | $244 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6992909
APN: 301-80-500
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.
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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Ask me questions while you tour the home.