NOT LISTED FOR SALE

510 W University Dr Unit 120 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $266,000 - $349,000

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

Last Sold February 18, 2022

Last sale price $305,000 $353 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,867/month

7 Days on Market

Highlights

  • Community Pool
  • Eat-In Kitchen
  • Tile Flooring
  • Covered Patio or Porch
  • No Interior Steps
  • Central Air

About This Home

As of February 2022

Hermosa Place units rarely come available due to their high demand downtown Tempe - ASU location! Just a couple short blocks to campus and Mill Avenue shops and nightlife! This condo unit is perfect for faculty, ASU students, or an investor. Located on the first floor, it features 2-bedrooms , 1 3/4 bath, and a private patio. patio/ private stacked washer/dryer, Kitchen boasts Stainless steel appliances.

Last Agent to Sell the Property

Taryn Ware

Compass License #SA534293000 Listed on: 01/29/2022

Compass

Last Buyer's Agent

Nicholas Otis

Tru Realty License #SA696382000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,627

Year Built

  • Built in 1986

Lot Details

  • 1 Common Wall
  • Block Wall Fence

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 864 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

  • Cecil Shamley Elementary School
  • Mckemy Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch
  • Unit is below another unit

Listing and Financial Details

  • Tax Lot 120
  • Assessor Parcel Number 124-33-124

Community Details

Overview

  • Association fees include insurance, sewer, ground maintenance, trash, roof replacement, maintenance exterior
  • Hermosa Place Association, Phone Number (480) 921-3332
  • Built by Walk to ASU/restaurants
  • Hermosa Place Condominiums Unit 101 120 201 220 Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,627

Year Built

Built in 1986

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Cross Street: Mill Avenue & University
  • 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: 135.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2021
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: HERMOSA PLACE CONDOMINIUMS UNIT 101-120 201-220
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 353.0
  • Association Fees:HOA Fee2: 135.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, No Interior Steps, Full Bth Master Bdrm
  • Living Area: 864.0
  • Stories: 2
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, None
  • Lot Features: Gravel/Stone Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, Neighbor Above
  • Construction Type: 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

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool
  • Association Fee: 135.0
  • Association Fee Frequency: Monthly
  • Association Name: Hermosa Place
  • 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
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: 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

Fee Information

  • Association Fee Includes: Insurance, Sewer, Maintenance Grounds, Trash, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Cecil Shamley School
  • High School: Tempe High School
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 95.0
  • Parcel #: 124-33-124

Building Info

  • Builder Name: Walk to ASU/restaurants

Tax Info

  • Tax Annual Amount: 1627.0
  • Tax Book Number: 124.00
  • Tax Lot: 120
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2022
Closed on
Feb 15, 2022
Sold by
Arroyo Jr Richard D
Bought by
Chen Shih-Heng
Seller's Agent
Taryn Ware
Compass
Buyer's Agent
Nicholas Otis
Tru Realty
List Price
$275,000
Sold Price
$305,000
Premium/Discount to List
$30,000
10.91%
Current Estimated Value
$300,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,530
Avg. Annual Appreciation
-0.39%

Purchase Details

Closed on
Jun 1, 2004
Sold by
C S S Enterprises Inc
Bought by
Arroyo Richard D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Shih-Heng $305,000 Pioneer Title
Arroyo Richard D $145,000 Security Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $305,000 +10.9% $353 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $275,000 -- $318 / 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 $1,825 $15,222 -- --
2024 $1,685 $14,497 -- --
2023 $1,685 $18,920 $3,780 $15,140
2022 $1,616 $15,170 $3,030 $12,140
2021 $1,627 $14,270 $2,850 $11,420
2020 $1,578 $13,450 $2,690 $10,760
2019 $1,548 $12,830 $2,560 $10,270
2018 $1,509 $12,710 $2,540 $10,170
2017 $1,464 $11,970 $2,390 $9,580
2016 $1,454 $11,830 $2,360 $9,470
2015 $1,397 $10,960 $2,190 $8,770
Source: Public Records

Agents Affiliated with this Home

  • Taryn Ware

    Seller's Agent in 2022

    Taryn Ware

    Compass

    (480) 250-6997

    1 in this area

    33 Total Sales

    Taryn Ware
    Section Image

  • N

    Buyer's Agent in 2022

    Nicholas Otis

    Tru Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6350009

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-124

Arizona Maricopa County Tempe 85281 Downtown Tempe

510 W University Dr Unit 120, Tempe, AZ

Not Listed for Sale

Condos

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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