NOT LISTED FOR SALE

525 W Lakeside Dr Unit 112 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $518,007 - $595,000

2 Beds
2.5 Baths
1,557 Sq Ft
$355/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $500,000 $321 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,557/month

1 Day on Market

Highlights

  • Gated Community
  • Property is near public transit
  • Granite Countertops
  • Contemporary Architecture
  • Wood Flooring
  • Community Pool

About This Home

As of March 2022

Fabulous tri-level living in amazing Tempe location close to everything: restaurants, shops, Tempe Town Lake, ASU, light rail & more! This quiet gated community features a pool, spa, BBQs, cabanas, and large grass area. Ground floor (den/office/hobby room, etc.) has direct access from tandem garage plus pool-facing patio. Quality design includes beautiful hardwood floor throughout. 2nd floor with open concept living & kitchen with SS appliances, granite counters, kitchen island, pantry, dining space, powder room, and balcony. The 3rd floor has laundry, guest bed/full bath & master with en-suite, dual sinks, frameless glass shower, walk-in closet, 2nd balcony. Designated AC on each floor. Newer 3rd floor AC & updated 1st floor unit, H2O heater, disposal, recently painted. Just move in!

Last Agent to Sell the Property

Amy Andelora

NORTH&CO. License #SA646282000 Listed on: 02/01/2022

Last Buyer's Agent

Dylan Phillips

LPT Realty, LLC License #SA654714000

LPT Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,944

Year Built

  • Built in 2006

Lot Details

  • 679 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $385 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,557 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Solar Screens

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

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

Utilities

  • Cooling System Updated in 2021
  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4-4
  • Assessor Parcel Number 124-24-200

Community Details

Overview

  • Association fees include sewer, ground maintenance, trash, water, maintenance exterior
  • Tri City Property Mg Association, Phone Number (480) 844-2224
  • Built by PULTE
  • 525 Town Lake Condominium Amd Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,944

Year Built

Built in 2006

Lot Details

0

HOA Fees

$385 per month

Parking

2

Listing Details

  • Cross Street: MILL & RIO SALADO PKWY
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 385.0
  • Basement: N
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2021
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2021
  • Directions: West on Rio Salado Pkwy to Lakeside Drive, turn south (left) to gate; turn left and around 1st bldg. Park by east wall; unit 112 is in the middle of 1st bldg.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: 525 TOWN LAKE CONDOMINIUM AMD
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 385.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1557.0
  • Stories: 3
  • Window Features: Solar Screens, Dual Pane, Vinyl Frame
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage, Garage Door Opener, 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

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • 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: Gated, Community Spa, Community Spa Htd, Community Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Association Fee: 385.0
  • 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: 1.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Tri-City Property Mg
  • Association Fees:HOA Management Phone: 480.844.2224
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Sewer, Maintenance Grounds, Trash, Water, 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: 679.0
  • Parcel #: 124-24-200

Building Info

  • Builder Name: PULTE

Tax Info

  • Tax Annual Amount: 2944.0
  • Tax Book Number: 124.00
  • Tax Lot: 4-4
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 8, 2022
Sold by
Woodley Family Trust
Bought by
Ghafouri Niloufar
Seller's Agent
Amy Andelora
NORTH&CO.
Buyer's Agent
Dylan Phillips
LPT Realty, LLC
List Price
$249,900
Sold Price
$500,000
Premium/Discount to List
$250,100
100.08%
Current Estimated Value
$553,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,502
Avg. Annual Appreciation
2.85%
Original Mortgage
$378,400
Outstanding Balance
$353,548
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$199,954

Purchase Details

Closed on
Apr 29, 2020
Sold by
Woodley Ann E
Bought by
Woodley Ann E and The Woodley Family Trust

Purchase Details

Closed on
Aug 23, 2017
Sold by
Lee Kuan Yi
Bought by
Woodley Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2010
Sold by
Selene Rmof Reo Acquisition Ii Llc
Bought by
Lee Kuan Yi

Purchase Details

Closed on
Dec 21, 2009
Sold by
Taylor Bean & Whitaker Mortgage Corp
Bought by
Selene Rmof Reo Acquisition Ii Llc

Purchase Details

Closed on
May 4, 2009
Sold by
Lugo Diana E
Bought by
Taylor Bean & Whitaker Mortgage Corp

Purchase Details

Closed on
Dec 29, 2006
Sold by
Pulte Home Corp
Bought by
Lugo Diana E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ghafouri Niloufar $500,000 Chicago Title
Woodley Ann E -- None Available
Woodley Ann E $277,000 Old Republic Title Agency
Lee Kuan Yi $231,900 North American Title Company
Selene Rmof Reo Acquisition Ii Llc -- Accommodation
Taylor Bean & Whitaker Mortgage Corp $319,782 Accommodation
Lugo Diana E $370,000 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghafouri Niloufar $378,400
Previous Owner Woodley Ann E $75,000
Previous Owner Lugo Diana E $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $500,000 +100.1% $321 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $249,900 -9.8% $161 / Sq Ft
12/15/2017 12/15/17 Sold $277,000 -2.5% $186 / Sq Ft View Prior Sale
12/15/2017 12/15/17 Pending -- -- --
12/15/2017 12/15/17 For Sale $284,000 -- $190 / 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 $3,295 $31,607 -- --
2024 $3,023 $30,102 -- --
2023 $3,023 $37,960 $7,590 $30,370
2022 $2,887 $30,020 $6,000 $24,020
2021 $2,944 $28,260 $5,650 $22,610
2020 $2,847 $28,210 $5,640 $22,570
2019 $2,792 $28,070 $5,610 $22,460
2018 $2,717 $27,860 $5,570 $22,290
2017 $2,632 $24,730 $4,940 $19,790
2016 $2,619 $23,780 $4,750 $19,030
2015 $2,534 $23,070 $4,610 $18,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6349492

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-200