NOT LISTED FOR SALE

515 E Watson Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $439,385 - $471,000

3 Beds
2 Baths
1,437 Sq Ft
$319/Sq Ft Est. Value

Last Sold October 04, 2017

Last sale price $225,000 $157 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,539/month

12 Days on Market

Highlights

  • Transportation Service
  • No HOA
  • Double Pane Windows
  • Private Yard
  • Covered Patio or Porch
  • Solar Screens

About This Home

As of October 2017

Beautiful 3 bedrooms, 2 baths, well maintained & clean Home,Great room, Living room & Bonus rooms, newer flooring,Dual Pane Windows, Newer Stainless steel kitchen appliances- Dishwasher, Stove & Refrigerator, interior touched up, 2 nice sheds for additional storage in backyard, private & quiet backyard , wonderful for families barbeques & picnics.Fenced in area for Dogs w/ House. Nice covered Patio. A nice & quiet neighborhood . Interior of home has numerous closets with great storage capacity. Master bedroom w/walk in closet , Home is priced well , Good Roof, & great AC system for cool days & nights.
Close to Kiwanis Park, Library, Tempe YMCA. Minutes form US60 and SR101 . Home is a beauty , you will not be disappointed . Great Home & Great Investment .

Last Agent to Sell the Property

Bruce Swartz

HomeSmart License #SA026311000 Listed on: 08/24/2017

HomeSmart

Last Buyer's Agent

Ann Adams

Ann Adams And Associates Realty, LLC License #BR544176000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,614

Year Built

  • Built in 1974

Lot Details

  • 6,917 Sq Ft Lot
  • Block Wall Fence
  • Private Yard
  • Grass Covered Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,437 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens
  • Breakfast Bar

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Covered Patio or Porch
  • Playground

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 515
  • Assessor Parcel Number 301-81-173

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by Mastercraft
  • University Royal 2 Subdivision

Amenities

  • Transportation Service

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,614

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Baseline & Rural
  • 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
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2017
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1974
  • Tax Year: 2016
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: UNIVERSITY ROYAL 2
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Owner
  • General Property Description:PriceSqFt: 156.57
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 3/4 Bath Master Bdrm
  • Living Area: 1437.0
  • Stories: 1
  • Window Features: Sunscreen(s), Dual Pane
  • ResoLivingAreaSource: Owner
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Transportation Svcs: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Playground, Patio, Private Yard
  • Lot Features: Alley, Gravel/Stone Front, Grass Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Brick, Slump Block
  • Roof: Composition
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0
  • Open Parking Spaces: 4.0

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Transportation Svcs, Near Bus Stop, Playground, Biking/Walking Path
  • Amenities: None
  • 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: Aguilar School
  • High School: Marcos De Niza High School
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6917.0
  • Parcel #: 301-81-173
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Mastercraft

Tax Info

  • Tax Annual Amount: 1614.0
  • Tax Book Number: 301.00
  • Tax Lot: 515
  • Tax Map Number: 81.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Sep 21, 2017
Sold by
Equity Trust Co
Bought by
Garcia Gilbert M
Seller's Agent
Bruce Swartz
HomeSmart
Buyer's Agent
Ann Adams
Ann Adams And Associates Realty, LLC
List Price
$234,900
Sold Price
$225,000
Premium/Discount to List
-$9,900
-4.21%
Current Estimated Value
$458,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,346
Avg. Annual Appreciation
9.03%
Original Mortgage
$220,924
Outstanding Balance
$187,941
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$270,405

Purchase Details

Listed on
Mar 5, 2014
Closed on
Mar 21, 2014
Sold by
Aldrich Nathan A and Aldrich Wendy E
Bought by
Equity Trust Company
Seller's Agent
Cathy Swann
eXp Realty
Buyer's Agent
Bruce Swartz
HomeSmart
List Price
$200,000
Sold Price
$198,000
Premium/Discount to List
-$2,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.69%

Purchase Details

Closed on
Jan 22, 2007
Sold by
Lewis Erva L
Bought by
Aldrich Nathan A and Aldrich Wendy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2005
Sold by
Lewis William C
Bought by
Lewis Erva L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,050
Interest Rate
5.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 1997
Sold by
Greer Bruce J and Greer Kathleen M
Bought by
Lewis William C and Lewis Erva L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,346
Interest Rate
7.83%
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
Garcia Gilbert M $225,000 Old Republic Title Agency
Equity Trust Company $198,000 Pioneer Title Agency Inc
Aldrich Nathan A $220,000 First American Title Ins Co
Lewis Erva L -- --
Lewis William C $80,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Gilbert M $220,924
Previous Owner Aldrich Nathan A $209,000
Previous Owner Lewis Erva L $322,050
Previous Owner Lewis William C $79,346
Closed Lewis Erva L $322,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2017 10/04/17 Sold $225,000 -2.1% $157 / Sq Ft
08/28/2017 08/28/17 Price Changed $229,900 -2.1% $160 / Sq Ft
08/24/2017 08/24/17 For Sale $234,900 +18.6% $163 / Sq Ft
03/27/2014 03/27/14 Sold $198,000 -1.0% $140 / Sq Ft View Prior Sale
03/14/2014 03/14/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $200,000 -- $141 / 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 $1,652 $16,895 -- --
2024 $1,616 $16,090 -- --
2023 $1,616 $31,960 $6,390 $25,570
2022 $1,543 $23,530 $4,700 $18,830
2021 $1,574 $21,350 $4,270 $17,080
2020 $1,522 $18,610 $3,720 $14,890
2019 $1,492 $17,170 $3,430 $13,740
2018 $1,452 $15,220 $3,040 $12,180
2017 $1,625 $13,600 $2,720 $10,880
2016 $1,614 $12,400 $2,480 $9,920
2015 $1,550 $11,850 $2,370 $9,480
Source: Public Records

Agents Affiliated with this Home

  • Bruce Swartz

    Seller's Agent in 2017

    Bruce Swartz

    HomeSmart

    (602) 524-0531

    27 Total Sales

    Bruce Swartz
    Section Image
  • Ann Adams

    Buyer's Agent in 2017

    Ann Adams

    Ann Adams And Associates Realty, LLC

    (602) 330-2323

    128 Total Sales

    Ann Adams
    Section Image
  • Cathy Swann

    Seller's Agent in 2014

    Cathy Swann

    eXp Realty

    (602) 809-8853

    8 Total Sales

    Cathy Swann
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5651250

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-81-173

Arizona Maricopa County Tempe 85283 The Lakes

515 E Watson Dr, 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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