NOT LISTED FOR SALE

509 E Colgate Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $320,015 - $341,000

2 Beds
1 Bath
1,073 Sq Ft
$309/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $350,000 $326 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,991/month

8 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Community Pool
  • Property is near public transit
  • Private Yard
  • Covered Patio or Porch

About This Home

As of May 2024

Check out this newly remodeled townhouse which offers a perfect blend of luxury, comfort and convenience! Everything is new or within a year old, New AC, New Roof, New Windows/Doors, New appliances, New flooring, Remodeled bathroom and kitchen, custom accent walls in bedrooms and living room. The living/dining room features a neutral palette, durable tile flooring, and new sliding glass doors leading to the backyard for seamless indoor-outdoor living. The kitchen comes with granite counters, white shaker cabinets, and sleek stainless steel appliances. Outside, the backyard boasts a paver patio and low-maintenance artificial turf. Situated in a convenient location near a variety of restaurants, entertainment and shopping options! See it today!

Last Agent to Sell the Property

Breanna Olsen

HomeSmart Brokerage Phone: 480-299-0693 License #SA677959000 Listed on: 03/02/2024

HomeSmart

Last Buyer's Agent

Laura McGhee

The Ave Collective License #SA664346000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $924

Year Built

  • Built in 1978

Lot Details

  • 3,149 Sq Ft Lot
  • Block Wall Fence
  • Artificial Turf
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $169 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Contemporary Architecture
  • Roof Updated in 2023
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,073 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Kitchen Updated in 2023
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Floors Updated in 2023
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Updated in 2023
  • 1 Bathroom

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

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

Utilities

  • Cooling System Updated in 2023
  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 301-80-519

Community Details

Overview

  • Association fees include ground maintenance, front yard maint
  • Vision Community Mgm Association, Phone Number (480) 759-4945
  • Built by Mastercraft
  • University Royal Garden Homes Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$924

Year Built

Built in 1978

Lot Details

0

HOA Fees

$169 per month

Listing Details

  • Cross Street: S Rural Rd & E Baseline Rd
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 168.81
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2023
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2023
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2023
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2023
  • Items Updated Roof Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1978
  • Tax Year: 2023
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.07
  • Subdivision Name: UNIVERSITY ROYAL GARDEN HOMES
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 326.18
  • Association Fees:HOA Fee2: 168.81
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, No Interior Steps
  • Living Area: 1073.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back, Grass Front, Synthetic Grass Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • 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: Near Light Rail Stop, Near Bus Stop
  • Association Fee: 168.81
  • Association Fee Frequency: Monthly
  • Association Name: University R. Garden
  • Phone: 480-759-4945
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: University R. Garden
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 337.62
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Vision Community Mgm
  • Association Fee Incl:Front Yard Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Front Yard Maint

Schools

  • Elementary School: Aguilar 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: 3149.0
  • Parcel #: 301-80-519

Building Info

  • Builder Name: Mastercraft

Tax Info

  • Tax Annual Amount: 924.0
  • Tax Book Number: 301.00
  • Tax Lot: 76
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
May 2, 2024
Sold by
Reilly Patrick
Bought by
Roach David and Knight Abigail
Seller's Agent
Breanna Olsen
HomeSmart
Buyer's Agent
Laura McGhee
The Ave Collective
List Price
$354,900
Sold Price
$350,000
Premium/Discount to List
-$4,900
-1.38%
Views
66
Current Estimated Value
$331,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,246
Avg. Annual Appreciation
-3.29%
Original Mortgage
$339,500
Outstanding Balance
$334,730
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$2,976

Purchase Details

Listed on
Feb 17, 2023
Closed on
Mar 31, 2023
Sold by
Argueta Pedro and Argueta Maria
Bought by
Reilly Patrick
Seller's Agent
Sarah Hall
Real Broker
Buyer's Agent
Breanna Olsen
HomeSmart
List Price
$315,000
Sold Price
$315,000
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$299,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2022
Sold by
Basil Holdings Llc
Bought by
Argueta Pedro and Argueta Maria Lorena

Purchase Details

Listed on
Aug 3, 2022
Closed on
Aug 15, 2022
Sold by
Hayden Mary C
Bought by
Basil Holdings Llc
Seller's Agent
Lori Adamson
RE/MAX Fine Properties
Buyer's Agent
Lori Adamson
RE/MAX Fine Properties
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$202,500
Interest Rate
5.3%
Mortgage Type
New Conventional
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
Roach David $350,000 American Title Service Agency
Reilly Patrick $315,000 Chicago Title Agency
Argueta Pedro $235,000 Chicago Title
Basil Holdings Llc $230,000 Pioneer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roach David $339,500
Previous Owner Reilly Patrick $299,250
Previous Owner Basil Holdings Llc $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2024 05/02/24 Sold $350,000 -1.4% $326 / Sq Ft
03/02/2024 03/02/24 For Sale $354,900 +12.7% $331 / Sq Ft
03/30/2023 03/30/23 Sold $315,000 0.0% $294 / Sq Ft View Prior Sale
03/23/2023 03/23/23 For Sale $315,000 0.0% $294 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $315,000 +37.0% $294 / Sq Ft
08/18/2022 08/18/22 Sold $230,000 -2.1% $214 / Sq Ft View Prior Sale
08/03/2022 08/03/22 For Sale $235,000 0.0% $219 / Sq Ft
11/01/2016 11/01/16 Rented $995 0.0% --
10/19/2016 10/19/16 Under Contract -- -- --
09/20/2016 09/20/16 Price Changed $995 -5.1% $1 / Sq Ft
08/23/2016 08/23/16 For Rent $1,049 -- --
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 $1,007 $9,664 -- --
2024 $924 $9,203 -- --
2023 $924 $21,780 $4,350 $17,430
2022 $1,026 $16,880 $3,370 $13,510
2021 $1,033 $15,810 $3,160 $12,650
2020 $1,002 $14,520 $2,900 $11,620
2019 $983 $13,130 $2,620 $10,510
2018 $958 $12,280 $2,450 $9,830
2017 $930 $11,270 $2,250 $9,020
2016 $923 $9,870 $1,970 $7,900
2015 $887 $8,300 $1,660 $6,640
Source: Public Records

Agents Affiliated with this Home

  • Breanna Olsen

    Seller's Agent in 2024

    Breanna Olsen

    HomeSmart

    (480) 299-0693

    2 in this area

    56 Total Sales

    Breanna Olsen
    Section Image
  • Laura McGhee

    Buyer's Agent in 2024

    Laura McGhee

    The Ave Collective

    (480) 582-8484

    1 in this area

    16 Total Sales

    Laura McGhee
    Section Image
  • Sarah Hall

    Seller's Agent in 2023

    Sarah Hall

    Real Broker

    (480) 645-2022

    1 in this area

    25 Total Sales

    Sarah Hall
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Terri Witte

    Real Broker

    (888) 897-7821

    1 in this area

    135 Total Sales

    Terri Witte
    Section Image
  • Lori Adamson

    Seller's Agent in 2022

    Lori Adamson

    RE/MAX

    (480) 586-5431

    1 in this area

    16 Total Sales

    Lori Adamson
    Section Image

  • R

    Seller's Agent in 2016

    Richard Hoey

    Active Renter

    (602) 635-1063

    11 Total Sales

    Richard Hoey
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6671569

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-80-519

Arizona Maricopa County Tempe 85283 The Lakes

509 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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