NOT LISTED FOR SALE

505 E Orion St Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $475,000 - $496,000

3 Beds
2 Baths
1,452 Sq Ft
$335/Sq Ft Est. Value

Last Sold September 23, 2015

Last sale price $201,000 $138 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,710/month

89 Days on Market

Highlights

  • Private Pool
  • Granite Countertops
  • Covered Patio or Porch
  • 0.17 Acre Lot
  • No HOA
  • Eat-In Kitchen

About This Home

As of September 2015

**NEW HVAC UNIT INSTALLED***. IF YOU ARE LOOKING FOR A PLACE TO CALL HOME OR JUST LOOKING FOR AN INVESTMENT HOME WITH RENTAL POTENTIAL THAN THIS 3 BEDROOM 2 BATH HOME WITH A POOL IS FOR YOU! UPDATED KITCHEN WITH MAPLE CABINETS, GRANITE COUNTER TOPS & TUMBLED STONE BACK SPLASHES. NEUTRAL CARPET AND 16'' TILE THROUGHOUT. WALK-IN CLOSETS IN ALL OF THE BEDROOMS. FENCED IN POOL, BLOCK FENCING. EASY ACCESS TO THE I-10, HWY 60 & LOOP 101. TEMPE KIWANIS PARK NEARBY. KIWANIS PARK HAS LAKES, PATHS, INDOOR HEATED WAVE POOL & LAP POOL, LIGHTED TENNIS COURTS AND MANY OTHER AMENITIES. ASU, GOLF, RESTAURANTS AND SHOPPING ALSO NEARBY.

Last Agent to Sell the Property

Suzanne Gallaway

Realty ONE Group License #BR571614000 Listed on: 05/10/2015

Last Buyer's Agent

John Gluch

eXp Realty License #SA573605000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,777

Year Built

  • Built in 1972

Lot Details

  • 7,601 Sq Ft Lot
  • Block Wall Fence
  • Grass Covered Lot

Parking

  • 1 Carport Space

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,452 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Pool

  • Private Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch

Schools

  • Arredondo Elementary School
  • FEES College Preparatory Middle School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • College Park 4 Subdivision

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 301-81-063

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,777

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: RURAL RD & GUADALUPE RD
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1972
  • Tax Year: 2014
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: COLLEGE PARK 4
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 138.42
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Eat-in Kitchen, 3/4 Bath Master Bdrm
  • Living Area: 1452.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Alley, Grass Front, Grass Back
  • Pool Features: Fenced, Private
  • Disclosures: Agency Discl Req, Other (See Remarks), Seller Discl Avail
  • Construction Type: Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0

Utilities

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

Condo/Co-op/Association

  • 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

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Arredondo Elementary School
  • High School: Marcos De Niza High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7601.0
  • Parcel #: 301-81-063

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1777.0
  • Tax Book Number: 301.00
  • Tax Lot: 60
  • Tax Map Number: 81.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2015
Closed on
Sep 9, 2015
Sold by
Long John Michael
Bought by
Carrasco Derrick A and Young Addie Jo
Seller's Agent
Suzanne Gallaway
Realty ONE Group
Buyer's Agent
John Gluch
eXp Realty
List Price
$207,000
Sold Price
$201,000
Premium/Discount to List
-$6,000
-2.9%
Current Estimated Value
$486,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,494
Avg. Annual Appreciation
8.98%
Original Mortgage
$197,359
Outstanding Balance
$154,801
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$331,693

Purchase Details

Closed on
Feb 23, 1996
Sold by
Shank Gerald B and Shank Tabitha R
Bought by
Long John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 1994
Sold by
Roose Sherman W and Roose Gineth J
Bought by
Shank Gerald B and Shank Tabitha R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,546
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
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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
Carrasco Derrick A $201,000 Pioneer Title Agency Inc
Long John Michael $84,000 United Title Agency
Shank Gerald B $81,300 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrasco Derrick A $197,359
Previous Owner Long John Michael $81,600
Previous Owner Shank Gerald B $72,546
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2015 09/23/15 Sold $201,000 -2.0% $138 / Sq Ft
07/22/2015 07/22/15 Price Changed $205,000 +0.8% $141 / Sq Ft
07/01/2015 07/01/15 Price Changed $203,400 -1.7% $140 / Sq Ft
06/18/2015 06/18/15 For Sale $207,000 0.0% $143 / Sq Ft
06/18/2015 06/18/15 Price Changed $207,000 +3.0% $143 / Sq Ft
06/17/2015 06/17/15 Off Market $201,000 -- --
05/10/2015 05/10/15 For Sale $203,400 -- $140 / 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 $1,931 $19,886 -- --
2024 $1,902 $18,939 -- --
2023 $1,902 $35,960 $7,190 $28,770
2022 $1,817 $26,820 $5,360 $21,460
2021 $1,852 $24,400 $4,880 $19,520
2020 $1,791 $21,510 $4,300 $17,210
2019 $1,757 $20,850 $4,170 $16,680
2018 $1,709 $18,860 $3,770 $15,090
2017 $1,656 $17,050 $3,410 $13,640
2016 $1,648 $15,920 $3,180 $12,740
2015 $1,824 $14,120 $2,820 $11,300
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Gallaway

    Seller's Agent in 2015

    Suzanne Gallaway

    Realty One Group

    (623) 363-3604

    2 Total Sales

    Suzanne Gallaway
    Section Image
  • John Gluch

    Buyer's Agent in 2015

    John Gluch

    eXp Realty

    (480) 992-1200

    4 in this area

    535 Total Sales

    John Gluch
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5278618

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-81-063

Arizona Maricopa County Tempe 85283 The Lakes

505 E Orion St, Tempe, AZ

Not Listed for Sale

Detached

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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