NOT LISTED FOR SALE

492 E Louis Way Tempe, AZ 85284

South Tempe Neighborhood

Estimated Value: $772,400 - $836,000

3 Beds
3 Baths
2,763 Sq Ft
$295/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $525,000 $190 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,966/month

76 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Vaulted Ceiling
  • C I Waggoner School Rated A-
  • Mountain View
  • Wood Flooring

About This Home

As of August 2020

Over $100K in upgrades to this former model in highly desirable Coventry Tempe. Enjoy the view of the 4.5 acre wooded community park across the street that features lighted tennis & basketball courts, playgrounds, biking & walking paths, and covered BBQ picnic area. Beautiful hardwood maple flooring with granite counters in kitchen along with new stainless steel appliances. All 3 baths now have new granite tops, new sinks and fixtures. Relaxing pool and built-in BBQ gives this colorful backyard a resort-like feel. Downstairs bathroom has been converted into a formal dining room and could easily be converted back. 3rd garage bay was changed into a large office/bonus room. AC upgraded with new compressor Close to 4 major freeways, ASU, Sky Harbor Airport, schools and restaurants.

Last Agent to Sell the Property

Ed Venezia

RE/MAX Fine Properties License #BR116708000 Listed on: 05/07/2020

RE/MAX Fine Properties

Last Buyer's Agent

Cory Mishkin

Cambridge Properties License #SA525096000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,298

Year Built

  • Built in 1997

Lot Details

  • 5,550 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $115 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 2,763 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Solar Screens
  • Family Room with Fireplace
  • Mountain Views
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Private Pool
  • Covered Patio or Porch
  • Built-In Barbecue

Location

  • Property is near a bus stop

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 214
  • Assessor Parcel Number 308-15-214

Community Details

Overview

  • Association fees include ground maintenance
  • Aam Association, Phone Number (602) 288-2605
  • Coventry Tempe Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,298

Year Built

Built in 1997

Lot Details

0

HOA Fees

$115 per month

Parking

2

Listing Details

  • Cross Street: Elliot & Rural
  • 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: 115.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2016
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2016
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2016
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2016
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1997
  • Tax Year: 2019
  • Directions: Go south on Rural to Vinedo Lane on right side, then go through gate to quick right on McAllister Avenue, then left on Louis Way to property on right side across from park.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.13
  • Subdivision Name: COVENTRY TEMPE
  • Architectural Style: Ranch
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 690.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Family Room, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Pantry, Separate Shwr & Tub
  • Living Area: 2763.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile, Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Near Bus Stop, Tennis Court(s), Playground, Biking/Walking Path
  • Association Fee: 690.0
  • Association Fee Frequency: Semi-Annually
  • Association Name: Coventry Tempe
  • Phone: 602-288-2605
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: Coventry Tempe
  • Association Fees:HOA Telephone4: 602-288-2605
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

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

  • Land Lease: No
  • Lot Size Sq Ft: 5550.0
  • Parcel #: 308-15-214

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 4298.0
  • Tax Book Number: 308.00
  • Tax Lot: 214
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Aug 17, 2020
Sold by
Joshi Ameesha
Bought by
Parmar Parimal
Seller's Agent
Ed Venezia
RE/MAX Fine Properties
Buyer's Agent
Cory Mishkin
Cambridge Properties
List Price
$569,000
Sold Price
$525,000
Premium/Discount to List
-$44,000
-7.73%
Current Estimated Value
$826,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,079
Avg. Annual Appreciation
9.52%
Original Mortgage
$445,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
May 7, 2020
Closed on
Aug 14, 2020
Sold by
Pagano Caio and Martin Delio
Bought by
Parmar Parimal
Seller's Agent
Ed Venezia
RE/MAX Fine Properties
Buyer's Agent
Cory Mishkin
Cambridge Properties
List Price
$569,000
Sold Price
$525,000
Premium/Discount to List
-$44,000
-7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 13, 2018
Sold by
Pagano Caio and Martin Delio
Bought by
Pagano Caio and Martin Delio

Purchase Details

Listed on
Jan 29, 2016
Closed on
May 5, 2016
Sold by
Quigley Faye Christine
Bought by
Pagano Caio and Martins Delio
Seller's Agent
Allise Cohen
Russ Lyon Sotheby's International Realty
Buyer's Agent
Shannon Proffer
Avenue 3 Realty, LLC
List Price
$450,000
Sold Price
$405,000
Premium/Discount to List
-$45,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%

Purchase Details

Closed on
Mar 3, 2015
Sold by
Quigley Faye Christine and Quigley Christine
Bought by
Quigley Faye Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2002
Sold by
Pastore Renee
Bought by
Quigley Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2001
Sold by
Musacchio Andrew A and Musacchio Tammie C
Bought by
Pastore Renee

Purchase Details

Closed on
Apr 27, 1999
Sold by
Del Webbs Coventry Homes Inc
Bought by
Musacchio Andrew A and Musacchio Tammie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,414
Interest Rate
7.62%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Parmar Parimal -- Wfg National Title Ins Co
Parmar Parimal $525,000 Wfg National Title Ins Co
Pagano Caio -- None Available
Pagano Caio $405,000 American Title Svc Agency Ll
Quigley Faye Christine -- Old Republic Title Agency
Quigley Christine $310,000 First American Title Ins Co
Pastore Renee -- --
Musacchio Andrew A $269,164 First American Title
Del Webbs Coventry Homes Inc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmar Parimal $556,000
Open Parmar Parimal $2,000,000
Closed Parmar Parimal $2,000,000
Closed Prisha Investments Llc $1,300,000
Closed Parmar Parimal $445,000
Previous Owner Quigley Faye Christine $246,000
Previous Owner Quigley Christine $30,000
Previous Owner Quigley Christine $70,000
Previous Owner Musacchio Andrew A $188,414
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $525,000 -3.5% $190 / Sq Ft
07/10/2020 07/10/20 Price Changed $544,000 -0.9% $197 / Sq Ft
07/01/2020 07/01/20 Price Changed $549,000 -0.9% $199 / Sq Ft
06/25/2020 06/25/20 Price Changed $554,000 -0.9% $201 / Sq Ft
06/01/2020 06/01/20 Price Changed $559,000 -1.8% $202 / Sq Ft
05/07/2020 05/07/20 For Sale $569,000 +40.5% $206 / Sq Ft
05/10/2016 05/10/16 Sold $405,000 -5.8% $147 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
03/17/2016 03/17/16 Price Changed $430,000 -2.3% $156 / Sq Ft
02/15/2016 02/15/16 Price Changed $440,000 -2.2% $159 / Sq Ft
01/29/2016 01/29/16 For Sale $450,000 -- $163 / Sq Ft
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 $3,941 $45,059 -- --
2024 $4,646 $42,913 -- --
2023 $4,646 $53,730 $10,740 $42,990
2022 $4,431 $43,060 $8,610 $34,450
2021 $4,530 $41,730 $8,340 $33,390
2020 $4,430 $39,510 $7,900 $31,610
2019 $4,298 $38,650 $7,730 $30,920
2018 $3,573 $37,250 $7,450 $29,800
2017 $3,425 $35,800 $7,160 $28,640
2016 $3,473 $37,280 $7,450 $29,830
2015 $3,208 $34,050 $6,810 $27,240
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Ed Venezia

    RE/MAX

    2 in this area

    13 Total Sales

    Section Image
  • Cory Mishkin

    Buyer's Agent in 2020

    Cory Mishkin

    Cambridge Properties

    (602) 820-9000

    1 in this area

    155 Total Sales

    Section Image
  • Allise Cohen

    Seller's Agent in 2016

    Allise Cohen

    Russ Lyon Sotheby's International Realty

    (480) 938-4038

    1 in this area

    22 Total Sales

    Section Image
  • Shannon Proffer

    Buyer's Agent in 2016

    Shannon Proffer

    Avenue 3 Realty, LLC

    (480) 622-3311

    1 in this area

    70 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6075531

Arizona Regional Multiple Listing Service (ARMLS)

APN: 308-15-214

Arizona Maricopa County Tempe 85284 South Tempe

492 E Louis Way, Tempe, AZ

This home is located at 492 E Louis Way, Tempe, AZ 85284 since 07 May 2020 and is currently estimated at $814,850, approximately $294 per square foot. This property was built in 1997. 492 E Louis Way is a home located in Maricopa County with nearby schools including C I Waggoner School, Kyrene Middle School, and Corona Del Sol 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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