NOT LISTED FOR SALE

524 S Palo Verde Way Unit 135 Mesa, AZ 85208

Fountain of the Sun Neighborhood

Estimated Value: $240,000 - $281,000

2 Beds
2 Baths
1,032 Sq Ft
$246/Sq Ft Est. Value

Last Sold October 13, 2016

Last sale price $116,000 $112 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $1,407/month

14 Days on Market

Highlights

  • RV Parking in Community
  • Heating Available
  • 1-Story Property
  • Franklin at Brimhall Elementary School Rated A
  • Patio Home

About This Home

As of October 2016

Two Bedroom Patio Home in Fountain of the Sun, a guard-gated, active adult (55+) community. Great unit on quiet, private street. Split, 2-bedroom layout. Enjoy the front patio, and citrus trees just off the rear patio. Furnished. Fountain of the Sun has all the features you need, from an activities center, community pools, pickleball, shuffleboard, and even a post office! Inside the community is a restaurant with lounge, as well as a golf course, which are open to the public. No Pet Area!

Last Agent to Sell the Property

Terry Caldemeyer

The Virtual Realty Group License #SA532726000 Listed on: 09/03/2016

Last Buyer's Agent

Bradley Freeborn

Russ Lyon Sotheby's International Realty License #SA643696000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $946

Year Built

  • Built in 1978

Lot Details

  • 108 Sq Ft Lot

Parking

  • 1 Carport Space

Home Design

  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,032 Sq Ft Home
  • 1-Story Property
  • Built-In Microwave

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • Property has a Home Owners Association
  • Brown Community Mgmt Association, Phone Number (480) 339-8832
  • Fosca Association, Phone Number (480) 380-4000
  • Association Phone (480) 380-4000
  • Built by UDC
  • Fountain Of The Sun Parcel 9 Phase 1 Subdivision, Cypress Point Floorplan
  • RV Parking in Community

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 218-54-745-A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$946

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: Broadway & 80th St
  • Legal Info Range: 7E
  • Property Type: Residential
  • HOA #2 Name: FOSCA
  • HOA #2 Phone Number: 480-380-4000
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 240.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1978
  • Tax Year: 2015
  • Directions: From Broadway, turn south on 80th St. to guard gate. Ask guard for map and directions.
  • Master Model: Cypress Point
  • Property Sub Type: Patio Home
  • Subdivision Name: FOUNTAIN OF THE SUN PARCEL 9 PHASE 1
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 240.0
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Special Features: VirtualTour

Interior Features

  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Full Bth Master Bdrm
  • Living Area: 1032.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:Built-in Microwave: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: Dryer Included, Washer Included
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: Management, Rental OK (See Rmks), RV Parking
  • Association #2 Fee Frequency: Annually
  • Association Fee Frequency: Monthly
  • Association: FOSCA
  • Association Name: Phase 1 Parcel 9 HOA
  • Association Phone #2: 480-380-4000
  • Phone: None
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 185.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Phase 1 Parcel 9 HOA
  • Association Fees:HOA Telephone4: None
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1250.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Brown Community Mgmt
  • Association Fees:HOA Management Phone: 480-339-8832
  • Association Fees:HOA Paid Frequency 2: Annually
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Schools

  • Elementary School: Adult
  • High School: Adult
  • Middle Or Junior School: Adult

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 108.0
  • Parcel #: 218-54-745-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UDC

Tax Info

  • Tax Annual Amount: 946.0
  • Tax Book Number: 218.00
  • Tax Lot: 13
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2016
Closed on
Oct 3, 2016
Sold by
Keller Michael
Bought by
Lindquist Lori E
Seller's Agent
Terry Caldemeyer
The Virtual Realty Group
Buyer's Agent
Bradley Freeborn
Russ Lyon Sotheby's International Realty
List Price
$118,500
Sold Price
$116,000
Premium/Discount to List
-$2,500
-2.11%
Current Estimated Value
$253,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,916
Avg. Annual Appreciation
9.49%
Original Mortgage
$92,800
Outstanding Balance
$75,479
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$185,942

Purchase Details

Listed on
Sep 3, 2016
Closed on
Sep 23, 2016
Sold by
Keller Kimberlee and Keller Michael
Bought by
Keller Michael
Seller's Agent
Terry Caldemeyer
The Virtual Realty Group
Buyer's Agent
Bradley Freeborn
Russ Lyon Sotheby's International Realty
List Price
$118,500
Sold Price
$116,000
Premium/Discount to List
-$2,500
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Outstanding Balance
$75,479
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$185,942

Purchase Details

Closed on
Mar 12, 2014
Sold by
Ehardt Julie
Bought by
Keller Michael

Purchase Details

Closed on
Dec 12, 2013
Sold by
Ehardt Julie
Bought by
Keller Michael
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
Lindquist Lori E $116,000 Magnus Title Agency
Keller Michael -- Magnus Title Agency
Keller Michael -- None Available
Keller Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindquist Lori E $92,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2016 10/13/16 Sold $116,000 -2.1% $112 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $118,500 -- $115 / 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 $793 $12,160 -- --
2024 $1,022 $11,581 -- --
2023 $1,022 $17,530 $3,500 $14,030
2022 $999 $14,310 $2,860 $11,450
2021 $1,027 $12,630 $2,520 $10,110
2020 $1,013 $11,570 $2,310 $9,260
2019 $939 $10,070 $2,010 $8,060
2018 $897 $9,210 $1,840 $7,370
2017 $869 $8,500 $1,700 $6,800
2016 $1,003 $7,870 $1,570 $6,300
2015 $946 $7,730 $1,540 $6,190
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Terry Caldemeyer

    The Virtual Realty Group

  • B

    Buyer's Agent in 2016

    Bradley Freeborn

    Russ Lyon Sotheby's International Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5492863

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-54-745A

Arizona Maricopa County Mesa 85208 Fountain of the Sun

524 S Palo Verde Way Unit 135, Mesa, AZ

This home is located at 524 S Palo Verde Way Unit 135, Mesa, AZ 85208 since 03 September 2016 and is currently estimated at $253,916, approximately $246 per square foot. This property was built in 1978. 524 S Palo Verde Way Unit 135 is a home located in Maricopa County with nearby schools including Jefferson Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary 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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