NOT LISTED FOR SALE

Estimated Value: $566,000 - $665,000

2 Beds
2.5 Baths
1,735 Sq Ft
$355/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $399,000 $230 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,027/month

39 Days on Market

Highlights

  • Gated Parking
  • Community Lake
  • Wood Flooring
  • Gated Community
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of June 2020

Tempe Town Lake living in this contemporary 2 bedroom, Office, 2.5 bathroom loft style townhouse. Live/Work design for a professional home office with street parking right outside your front door. Features stainless appliances, wood floors, granite countertops, upgraded cabinets, 4 balconies, and attached 2 car tandem garage. 1,735 sq/ft is the largest floor plan in the subdivision. 522 Town Lake gated community offers a beautiful resort style heated pool&spa with cabanas, BBQ areas, and a community dog run. Located in the heart of downtown Tempe, minutes from Mill Ave, next to Tempe Center for the Arts, the light rail & close to ASU. VACANT and easy to show.

Last Agent to Sell the Property

John Mihlik

Venture REI, LLC License #BR540669000 Listed on: 03/18/2020

Venture REI, LLC

Last Buyer's Agent

Thomas Osterman

Realty Executives Arizona Territory License #BR007233000

Realty Executives Arizona Territory

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 2006

Lot Details

  • 952 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence

HOA Fees

  • $365 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Tandem Garage
  • Garage Door Opener
  • Gated Parking

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,735 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Schools

  • Broadmor Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 9-3
  • Assessor Parcel Number 124-24-235

Community Details

Overview

  • Association fees include roof repair, insurance, ground maintenance, roof replacement, maintenance exterior
  • Tri City Prop. Mgmt. Association, Phone Number (480) 844-2224
  • Built by Pulte Homes
  • 525 Town Lake Condominium Subdivision
  • Community Lake

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,536

Year Built

Built in 2006

Lot Details

0

HOA Fees

$365 per month

Parking

2

Listing Details

  • Cross Street: Rio Salado Pkwy. & Mill Ave.
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 365.0
  • Basement: N
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2018
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2019
  • Directions: Head West on Rio Salado Pkwy, go West on W. 1st St. Park in front on townhouse 522 building Unit 103. Make sure you go to the 522 building!
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: 525 Town Lake Condominium
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 365.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Upstairs, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island
  • Living Area: 1735.0
  • Stories: 3
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Brick Veneer, Stucco, Wood Frame
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage, Gated, Garage Door Opener, Extended Length Garage, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes
  • Parking Features:Gated2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Gated, Community Spa Htd, Community Pool Htd, Biking/Walking Path
  • Association Fee: 365.0
  • Association Fee Frequency: Monthly
  • Association Name: 525 Town Lake HOA
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 120.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: 525 Town Lake HOA
  • Association Fees:HOA Telephone4: 480-844-2224
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1000.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Tri-City Prop. Mgmt.
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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

Fee Information

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

Schools

  • Elementary School: Broadmor Elementary School
  • 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: 952.0
  • Parcel #: 124-24-235

Building Info

  • Builder Name: Pulte Homes

Tax Info

  • Tax Annual Amount: 3536.0
  • Tax Book Number: 124.00
  • Tax Lot: 9-3
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Jun 11, 2020
Sold by
Jones Todd Lloyd and Jones Alena
Bought by
Dobbs Michael D
Seller's Agent
John Mihlik
Venture REI, LLC
Buyer's Agent
Thomas Osterman
Realty Executives Arizona Territory
List Price
$409,000
Sold Price
$399,000
Premium/Discount to List
-$10,000
-2.44%
Current Estimated Value
$615,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,238
Avg. Annual Appreciation
8.83%
Original Mortgage
$399,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 12, 2018
Sold by
Perk Properties Llc
Bought by
Jones Todd Lloyd and Jones Alena
Seller's Agent
Marla Pietrangeli
HomeSmart
Buyer's Agent
John Mihlik
Venture REI, LLC
List Price
$379,000
Sold Price
$364,000
Premium/Discount to List
-$15,000
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$312,300
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2007
Sold by
Pulte Home Corp
Bought by
Prichard Frank C and Prichard Rebekah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,990
Interest Rate
6.29%
Mortgage Type
New Conventional
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
Dobbs Michael D $399,000 Stewart Ttl & Tr Of Phoenix
Jones Todd Lloyd $364,000 Landmark Title Assurance Age
Prichard Frank C $499,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dobbs Michael D $362,680
Closed Dobbs Michael D $399,000
Previous Owner Jones Todd Lloyd $312,300
Previous Owner Prichard Frank C $399,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $399,000 -2.4% $230 / Sq Ft
04/26/2020 04/26/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $409,000 +12.4% $236 / Sq Ft
08/23/2018 08/23/18 Sold $364,000 -4.0% $210 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $379,000 -- $218 / 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 $3,802 $38,320 -- --
2024 $3,776 $36,699 -- --
2023 $3,776 $43,013 $8,596 $34,417
2022 $3,629 $37,311 $7,456 $29,855
2021 $3,728 $35,455 $7,091 $28,364
2020 $3,605 $33,822 $6,762 $27,060
2019 $3,536 $33,012 $6,598 $26,414
2018 $3,442 $33,132 $6,620 $26,512
2017 $3,336 $29,712 $5,940 $23,772
2016 $3,318 $28,441 $5,688 $22,753
2015 $3,207 $27,914 $5,576 $22,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6052061

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-235