NOT LISTED FOR SALE

525 W Lakeside Dr Unit 123 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $491,550 - $561,000

2 Beds
2.5 Baths
1,370 Sq Ft
$388/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $495,000 $361 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,481/month

12 Days on Market

Highlights

  • Heated Spa
  • Mountain View
  • Property is near public transit
  • Gated Community
  • Contemporary Architecture
  • Vaulted Ceiling

About This Home

As of June 2023

INCREDIBLE TOWN LAKE Townhome! 2 Bedroom, 2.5 Bathroom, 2 Car Tandem Garage, in a gated Lake Side community. Open concept Kitchen w/ granite countertops, upgraded GE Profile SS appliances, Sleek wood cabinets, microwave/convection oven and large island. Upgraded hardwood flooring on each floor. Master Suite has Double Sinks, Large Walk In Shower & Walk-In Closet. Ceiling Fans T/O the Home. Great Location in the complex, just steps to the pool area! Great Tempe Location!! TOWN LAKE Townhome Perfectly Located Across from Tempe Town Lake! Private Gated Community Features Heated Pool/Spa w/ Cabanas & BBQ. Walking & Biking Distance to ASU, Swanky Restaurants, Mill Ave, Shopping, Tempe Beach Park,Tempe Center For The Arts, Sky Harbor, Downtown Phoenix, Scottsdale & 202 Freeway. Great LOCATION So much coming up in TEMPE!! GREAT OPPORTUNITY! Great FIND ~ LUCKY YOU !!

Last Agent to Sell the Property

Elizabeth Rolfe

HomeSmart License #BR530393000 Listed on: 05/19/2023

HomeSmart

Last Buyer's Agent

Jenn Newman

The Brokery License #BR671655000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,612

Year Built

  • Built in 2006

Lot Details

  • 543 Sq Ft Lot
  • Private Streets
  • Wrought Iron Fence
  • Grass Covered Lot

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tandem Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,370 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • 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

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

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

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6-3
  • Assessor Parcel Number 124-24-211

Community Details

Overview

  • Association fees include roof repair, sewer, ground maintenance, street maintenance, front yard maint, trash, water, maintenance exterior
  • Tri City Management Association, Phone Number (480) 844-2224
  • Built by Pulte Homes
  • 525 Town Lake Condominium Amd Subdivision

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,612

Year Built

Built in 2006

Lot Details

0

HOA Fees

$415 per month

Parking

2

Listing Details

  • Cross Street: Priest & Rio Saldo Parkway
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 415.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Tax Year: 2022
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.01
  • Subdivision Name: 525 TOWN LAKE CONDOMINIUM AMD
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 415.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: 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
  • Spa Features: Heated
  • Appliances: Electric Cooktop
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1370.0
  • Stories: 3
  • Window Features: Low-Emissivity Windows, Dual Pane
  • 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 Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Private Street(s)
  • Lot Features: Grass Front
  • Pool Features: Heated, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Security: Fire Sprinkler System, Security System Owned
  • 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 Htd, Community Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Association Fee: 415.0
  • Association Fee Frequency: Monthly
  • Association Name: Tri City Management
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 415.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Tri City Management
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1000.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 830.0
  • Association Fees:Disclosure Fees HOA: 255.0
  • Association Fees:Other Fees HOA: 25.0
  • Association Fees:Other Fees Description: DOC FEE TO HOMEWISE
  • Association Fee Incl:Common Area Maint3: Yes
  • 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:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Sewer, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Maintenance Exterior

Schools

  • Elementary School: Scales Technology Academy
  • 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: 543.0
  • Parcel #: 124-24-211

Building Info

  • Builder Name: Pulte Homes

Tax Info

  • Tax Annual Amount: 2612.0
  • Tax Book Number: 124.00
  • Tax Lot: 6-3
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 23, 2023
Sold by
Denny Sara L
Bought by
Trost William H and Trost Jill N
Seller's Agent
Elizabeth Rolfe
HomeSmart
Buyer's Agent
Jenn Newman
The Brokery
List Price
$519,900
Sold Price
$495,000
Premium/Discount to List
-$24,900
-4.79%
Views
64
Current Estimated Value
$531,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,138
Avg. Annual Appreciation
3.04%
Original Mortgage
$346,500
Outstanding Balance
$337,167
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$193,971

Purchase Details

Closed on
Jun 5, 2017
Sold by
Ventura Drive L L C
Bought by
Denny Sara L

Purchase Details

Listed on
Nov 12, 2015
Closed on
Feb 4, 2016
Sold by
Suomala Richard M and Suomala Michele R
Bought by
Ventura Drive Llc
Seller's Agent
Jessica Fairbanks
Realty ONE Group
Buyer's Agent
Dorathey Duffield
Realty ONE Group
List Price
$342,500
Sold Price
$308,000
Premium/Discount to List
-$34,500
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%

Purchase Details

Closed on
Mar 23, 2012
Sold by
Suomala Richard M and Suomala Michelle R
Bought by
Suomala Richard M and Suomala Michele R

Purchase Details

Closed on
Jan 17, 2007
Sold by
Pulte Home Corp
Bought by
Suomala Richard M and Suomala Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,990
Interest Rate
6.09%
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
Trost William H $495,000 Old Republic Title Agency
Denny Sara L -- None Available
Ventura Drive Llc $308,000 American Title Svc Agency Ll
Suomala Richard M -- None Available
Suomala Richard M $389,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trost William H $346,500
Previous Owner Suomala Richard M $114,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2023 06/23/23 Sold $495,000 -4.8% $361 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $519,900 +68.8% $379 / Sq Ft
02/10/2016 02/10/16 Sold $308,000 -9.1% $234 / Sq Ft View Prior Sale
12/28/2015 12/28/15 Pending -- -- --
11/19/2015 11/19/15 Price Changed $339,000 -1.0% $258 / Sq Ft
11/12/2015 11/12/15 For Sale $342,500 -- $261 / 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 $3,428 $28,597 -- --
2024 $2,735 $27,235 -- --
2023 $2,735 $35,600 $7,120 $28,480
2022 $2,612 $30,660 $6,130 $24,530
2021 $2,664 $28,720 $5,740 $22,980
2020 $2,575 $28,000 $5,600 $22,400
2019 $2,526 $25,870 $5,170 $20,700
2018 $2,458 $25,650 $5,130 $20,520
2017 $2,382 $22,610 $4,520 $18,090
2016 $2,370 $21,630 $4,320 $17,310
2015 $2,292 $20,900 $4,180 $16,720
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Rolfe

    Seller's Agent in 2023

    Elizabeth Rolfe

    HomeSmart

    (602) 617-2909

    2 in this area

    145 Total Sales

    Elizabeth Rolfe
    Section Image
  • Jenn Newman

    Buyer's Agent in 2023

    Jenn Newman

    The Brokery

    (480) 568-8680

    1 in this area

    93 Total Sales

    Jenn Newman
    Section Image
  • Jessica Fairbanks

    Seller's Agent in 2016

    Jessica Fairbanks

    Realty One Group

    (602) 509-2244

    98 Total Sales

    Jessica Fairbanks
    Section Image

  • E

    Seller Co-Listing Agent in 2016

    Eric Behnke

    Realty One Group

    (480) 440-7222

    4 Total Sales

    Eric Behnke
    Section Image
  • Dorathey Duffield

    Buyer's Agent in 2016

    Dorathey Duffield

    Realty One Group

    (602) 793-4268

    61 Total Sales

    Dorathey Duffield
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6558843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-211

Arizona Maricopa County Tempe 85281 Downtown Tempe

525 W Lakeside Dr Unit 123, Tempe, AZ

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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