NOT LISTED FOR SALE

510 W University Dr Unit 109 Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $378,000 - $439,000

3 Beds
2 Baths
1,081 Sq Ft
$126/mo HOA Fee

Last Sold September 21, 2017

Last sale price $172,000 $159 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,458/month

35 Days on Market

Highlights

  • Property is near public transit
  • Community Pool
  • Eat-In Kitchen
  • End Unit
  • Covered patio or porch
  • Double Pane Windows

About This Home

As of September 2017

Incredible 3 bed / 2 bath ground unit that's walking distance from ASU Campus and Downtown Mill Ave District!!! This unit features all tile throughout each bedroom and includes walk-in closets. 9 foot ceilings! Great for first time home buyers, investors or second home purchase!

Last Listed By

Justin Marino

Just Referrals Real Estate License #SA660327000 Listed on: 07/20/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,831

Year Built

  • Built in 2003

Lot Details

  • End Unit
  • Block Wall Fence

HOA Fees

  • $126 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,081 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Carport Space
  • Unassigned Parking

Outdoor Features

  • Covered patio or porch

Location

  • Unit is below another unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 109
  • Assessor Parcel Number 124-33-113

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, front yard maint, trash, roof replacement, maintenance exterior
  • Hermosa Place HOA, Phone Number (480) 921-3332
  • Built by AGI Investors
  • Hermosa Place Condominiums Unit 101 120 201 220 Subdivision

Recreation

  • Community Pool

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,831

Year Built

Built in 2003

Lot Details

0

HOA Fees

$126 per month

Listing Details

  • Cross Street: University and Mill
  • 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: 126.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2003
  • Tax Year: 2016
  • Directions: From University and Mill Avenue - West on University to 510 West University Drive. Home is on the north side of University just west of Ash. Unit 109 is bottom right of Building C.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: HERMOSA PLACE CONDOMINIUMS UNIT 101-120 201-220
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 126.0
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, Pantry
  • Living Area: 1081.0
  • Stories: 2
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Above, End Unit
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Unassigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features:Unassigned Parking: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Light Rail Stop, Near Bus Stop
  • Amenities: Rental OK (See Rmks)
  • Association Fee: 126.0
  • Association Fee Frequency: Monthly
  • Association Name: Hermosa Place HOA
  • Phone: 480-921-3332
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Hermosa Place HOA
  • Association Fees:HOA Telephone4: 480-921-3332
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Front Yard Maint, Trash, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1082.0
  • Parcel #: 124-33-113
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: AGI Investors

Tax Info

  • Tax Annual Amount: 1831.0
  • Tax Book Number: 124.00
  • Tax Lot: 109
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Sep 11, 2017
Sold by
Kagele Patricia V
Bought by
Lee Michelle Meng Mei
Seller's Agent
Justin Marino
Just Referrals Real Estate
Buyer's Agent
Ruey Yu
HomeSmart
List Price
$174,900
Sold Price
$172,000
Premium/Discount to List
-$2,900
-1.66%
Total Days on Market
35
Current Estimated Value
$405,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,687
Avg. Annual Appreciation
11.49%

Purchase Details

Listed on
Jan 22, 2013
Closed on
Apr 10, 2013
Sold by
Rupp Douglas A
Bought by
Kagele Patricia
Seller's Agent
Gerald Rupp
West USA Realty
Buyer's Agent
Tricia Carr
Redfin Corporation
List Price
$159,500
Sold Price
$159,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$119,625
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2012
Closed on
Apr 18, 2012
Sold by
Twin Brothers Properties Llc
Bought by
Rupp Douglas A
Seller's Agent
Nishel Badiani
Kosh Realty
Buyer's Agent
Gerald Rupp
West USA Realty
List Price
$159,900
Sold Price
$139,900
Premium/Discount to List
-$20,000
-12.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.01%
Original Mortgage
$97,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 2012
Sold by
Smith Joseph L and Smith Yolanda
Bought by
Twin Brothers Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
3.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2006
Sold by
Smith Joseph L and Smith Yolanda
Bought by
Moorer Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,750
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Lee Chad and Rungthirakul James
Bought by
Smith Joseph L and Smith Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,750
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2004
Sold by
Agi Investors Llc
Bought by
Lee Chad and Rungthirakul James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

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
Lee Michelle Meng Mei $172,000 First American Title Insuran
Kagele Patricia $159,500 Security Title Agency
Rupp Douglas A $139,900 Lawyers Title Of Arizona Inc
Twin Brothers Properties Llc $121,700 Lawyers Title Of Arizona Inc
Moorer Properties Llc -- None Available
Smith Joseph L $289,000 Equity Title Agency Inc
Lee Chad $199,000 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kagele Patricia $119,625
Previous Owner Twin Brothers Properties Llc $97,000
Previous Owner Twin Brothers Properties Llc $97,000
Previous Owner Smith Joseph L $216,750
Previous Owner Lee Chad $179,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2017 09/21/17 Sold $172,000 -1.7% $159 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $174,900 0.0% $162 / Sq Ft
08/11/2017 08/11/17 Price Changed $174,900 0.0% $162 / Sq Ft
07/20/2017 07/20/17 For Sale $174,900 +9.7% $162 / Sq Ft
04/16/2013 04/16/13 Sold $159,500 0.0% $148 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $159,500 +14.0% $148 / Sq Ft
04/16/2012 04/16/12 Sold $139,900 0.0% $129 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
03/22/2012 03/22/12 Price Changed $139,900 -6.7% $129 / Sq Ft
02/09/2012 02/09/12 Price Changed $149,900 -6.3% $139 / Sq Ft
01/31/2012 01/31/12 For Sale $159,900 -- $148 / 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 $2,148 $19,173 -- --
2024 $2,122 $18,260 -- --
2023 $2,122 $22,620 $4,520 $18,100
2022 $2,035 $18,560 $3,710 $14,850
2021 $2,049 $17,530 $3,500 $14,030
2020 $1,987 $16,880 $3,370 $13,510
2019 $1,949 $15,630 $3,120 $12,510
2018 $1,901 $15,920 $3,180 $12,740
2017 $1,844 $15,220 $3,040 $12,180
2016 $1,831 $15,170 $3,030 $12,140
2015 $1,759 $14,060 $2,810 $11,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5635736

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-113