NOT LISTED FOR SALE

510 W University Dr Unit 112 Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $307,000 - $375,409

3 Beds
2 Baths
864 Sq Ft
$135/mo HOA Fee

Last Sold June 07, 2023

Last sale price $347,444 $402 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,160/month

35 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Community Pool
  • End Unit
  • Private Yard
  • Covered patio or porch

About This Home

As of June 2023

**RARE 3 BEDROOM/2 BATHROOM, GROUND FLOOR CONDO -- WALKING DISTANCE TO DOWNTOWN TEMPE, ASU, TEMPE TOWN LAKE, AND MORE!!!** Quiet, clean, well maintained property in a peaceful, established community with mature trees, open space, a sparkling community pool, bike racks, and assigned parking for residents (1 covered/1 uncovered) as well as unassigned, uncovered parking. This bright, fresh condo has a PRIVATE FENCED BACKYARD, newer neutral interior paint, new stacked washer/dryer (2022), walk in closets in each bedroom, and ceramic tile throughout. Adorable, highly sought after neighborhood with brand new construction behind the community. UNIQUE opportunity to own a 3 BEDROOM condo within WALKING DISTANCE TO ASU/DOWNTOWN TEMPE at an incredible price! Come and see for yourself today!

Last Agent to Sell the Property

Mark Carvalho

Carvalho Real Estate License #BR543460000 Listed on: 01/23/2023

Co-Listed By

Kristin Carvalho

Carvalho Real Estate License #BR540614000

Last Buyer's Agent

Sheila Henderson

HomeSmart Advantage Group License #SA669653000

HomeSmart Advantage Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 1983

Lot Details

  • End Unit
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Private Yard

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • <<builtInMicrowave>>
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Carport Spaces
  • Assigned Parking

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

  • 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 112
  • Assessor Parcel Number 124-33-116

Community Details

Overview

  • Association fees include insurance, sewer, pest control, ground maintenance, front yard maint, trash, roof replacement, maintenance exterior
  • 360 Community Mgmt Association, Phone Number (602) 863-3600
  • Hermosa Place Condominiums Unit 101 120 201 220 Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,453

Year Built

Built in 1983

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Cross Street: University Dr. & Mill Ave.
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 135.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1983
  • Tax Year: 2022
  • Directions: Head west on University Dr. from Mill Ave. and Downtown Tempe. Property is located on the right (north) side of the street.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: creg001
  • Co List Office Phone: 480-854-9000
  • Subdivision Name: HERMOSA PLACE CONDOMINIUMS UNIT 101-120 201-220
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 135.0
  • Dining Area:Breakfast Bar: Yes
  • 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
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, Breakfast Bar, No Interior Steps, 3/4 Bath Master Bdrm, Laminate Counters
  • Living Area: 864.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Private Yard
  • Lot Features: Corner Lot
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, Neighbor Above, End Unit
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • 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
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Parking Features:Assigned Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Community Pool, Near Light Rail Stop, Near Bus Stop
  • Association Fee: 135.0
  • Association Fee Frequency: Monthly
  • Association Name: Hermosa Place
  • Phone: 602-863-3600
  • 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: Hermosa Place
  • Association Fees:HOA Telephone4: 602-863-3600
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 270.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: 360 Community Mgmt
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: 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
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Insurance, Sewer, Pest Control, 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: 980.0
  • Parcel #: 124-33-116

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1453.0
  • Tax Book Number: 124.00
  • Tax Lot: 112
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2023
Closed on
Jun 6, 2023
Sold by
Abraham Seth and Abraham Regina I
Bought by
Peterson Jacob and Peterson Jennifer
Seller's Agent
Mark Carvalho
Carvalho Real Estate
Buyer's Agent
Sheila Henderson
HomeSmart Advantage Group
List Price
$359,900
Sold Price
$347,444
Premium/Discount to List
-$12,456
-3.46%
Views
124
Current Estimated Value
$339,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,842
Avg. Annual Appreciation
-1.08%
Original Mortgage
$260,583
Outstanding Balance
$254,982
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$84,620

Purchase Details

Closed on
Jul 12, 2018
Sold by
Patterson Paul M and Patterson Louisa H
Bought by
Abraham Seth and Abraham Regina I

Purchase Details

Closed on
Apr 19, 2006
Sold by
Gebran Gebran A and Gebran Aleen El Makari
Bought by
Patterson Paul M and Patterson Louisa H

Purchase Details

Closed on
Jul 29, 2004
Sold by
Agi Investors Llc
Bought by
Gebran Gebran A and Gebran Aleen El Makari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,600
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1999
Sold by
Stonebridge Capital Properties Llc
Bought by
Monterey Homes Construction Inc
Source: Public Records

Range of Values:

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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
Peterson Jacob $347,444 Pioneer Title
Abraham Seth $155,000 None Available
Patterson Paul M $294,000 Equity Title Agency Inc
Gebran Gebran A $187,400 Dhi Title Of Arizona Inc
Monterey Homes Construction Inc $200,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Jacob $260,583
Previous Owner Barclay Holdings Lxiii Llc $2,653,000
Previous Owner Gebran Gebran A $148,600
Closed Gebran Gebran A $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2023 06/07/23 Sold $347,444 -3.5% $402 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
01/23/2023 01/23/23 For Sale $359,900 -- $417 / 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 $1,782 $15,906 -- --
2024 $1,760 $12,060 -- --
2023 $1,760 $20,150 $4,030 $16,120
2022 $1,453 $16,370 $3,270 $13,100
2021 $1,482 $15,460 $3,090 $12,370
2020 $1,433 $15,120 $3,020 $12,100
2019 $1,405 $13,500 $2,700 $10,800
2018 $1,577 $13,720 $2,740 $10,980
2017 $1,530 $12,970 $2,590 $10,380
2016 $1,519 $12,780 $2,550 $10,230
2015 $1,459 $11,760 $2,350 $9,410
Source: Public Records

Agents Affiliated with this Home

  • Mark Carvalho

    Seller's Agent in 2023

    Mark Carvalho

    Carvalho Real Estate

    (480) 250-6099

    1 in this area

    54 Total Sales

    Mark Carvalho
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kristin Carvalho

    Carvalho Real Estate

    (480) 854-9000

    1 in this area

    22 Total Sales

    Kristin Carvalho
    Section Image
  • Sheila Henderson

    Buyer's Agent in 2023

    Sheila Henderson

    HomeSmart Advantage Group

    (206) 595-1565

    1 in this area

    48 Total Sales

    Sheila Henderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6511227

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-116

Arizona Maricopa County Tempe 85281 Riverside

510 W University Dr Unit 112, Tempe, AZ

This home is located at 510 W University Dr Unit 112, Tempe, AZ 85281 since 23 January 2023 and is currently estimated at $339,602, approximately $393 per square foot. This property was built in 1983. 510 W University Dr Unit 112 is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe 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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