NOT LISTED FOR SALE

525 W Lakeside Dr Unit 126 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $514,651 - $571,000

2 Beds
2.5 Baths
1,557 Sq Ft
$351/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $449,900 $289 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,538/month

4 Days on Market

Highlights

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

About This Home

As of September 2021

Enjoy Tempe Town Lake & Downtown Tempe living at its finest in this 2 bedroom, 2 1/2 bathroom condominium PLUS DEN at the hip ''525 Town Lake'' gated community by Pulte. Equipped with Stainless Steel appliances & a W/D, includes custom tile in Den/Office & cool hardwood floors throughout the great room & kitchen. Pre-wired for surround sound in the Living Room. Home includes a tandem 2 car garage as well as a patio. Rarely available for sale, the 525 Community includes a swimming pool and grass area w/ cabanas, Jacuzzi, BBQ and an outdoor bathroom w/shower. Located in the heart of Downtown Tempe within minutes of Mill Avenue, next to Tempe Center for the Arts, Tempe Town Lake & close to ASU. Enjoy shops & bistros, the light rail system, new Streetcar & everything else DT has to offer!

Last Agent to Sell the Property

Tom Tokoph

Urban Realty & Development, LLC Brokerage Phone: 602-549-9000 License #BR114305000 Listed on: 08/20/2021

Last Buyer's Agent

Jose Gomez

Real Broker License #SA670978000

Real Broker

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,276

Year Built

  • Built in 2006

Lot Details

  • 679 Sq Ft Lot
  • Desert faces the front of the property
  • Two or More Common Walls
  • Private Streets
  • Wrought Iron Fence
  • Block Wall Fence

HOA Fees

  • $365 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tandem Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 1,557 Sq Ft Home
  • 3-Story Property

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

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

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

Listing and Financial Details

  • Tax Lot 6-6
  • Assessor Parcel Number 124-24-214

Community Details

Overview

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

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,276

Year Built

Built in 2006

Lot Details

0

HOA Fees

$365 per month

Parking

2

Listing Details

  • Cross Street: Rio Salado Parkway & Lakeside Drive
  • 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: 365.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2020
  • Directions: Entrance to development at Rio Salado & Lakeside Drive. From Mill Ave. & Rio Salado Parkway drive West on Rio Salado to Lakeside Drive. Turn Left on Lakeside Drive to the gated entrance of community.
  • Attribution Contact: 602-549-9000
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: 525 TOWN LAKE CONDOMINIUM AMD
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 365.0
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Upstairs, Eat-in Kitchen, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1557.0
  • Stories: 3
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Private Street(s)
  • Lot Features: Desert Front
  • Pool Features: None
  • Disclosures: None
  • Common Walls: Two Common Walls
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted, Brick
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Other
  • 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
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Tandem Garage: Yes

Utilities

  • Cooling: Central Air
  • 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, Near Light Rail Stop, Near Bus Stop, 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 Property
  • 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 #: 124-24-214

Building Info

  • Builder Name: Pulte

Tax Info

  • Tax Annual Amount: 3276.0
  • Tax Book Number: 124.00
  • Tax Lot: 6-6
  • Tax Map Number: 24.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Aug 25, 2021
Sold by
Wong Jack and Tung Louise
Bought by
Lee Brian S and Lee Miyeon Jang
Seller's Agent
Tom Tokoph
Urban Realty & Development, LLC
Buyer's Agent
Jose Gomez
Real Broker
List Price
$449,900
Sold Price
$449,900
Current Estimated Value
$545,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,013
Avg. Annual Appreciation
4.87%
Original Mortgage
$337,425
Outstanding Balance
$257,558
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$288,355

Purchase Details

Closed on
Dec 28, 2009
Sold by
Rasmus Dean Erick A and Rasmus Dean Alexandra N
Bought by
Wong Jack and Tung Louise

Purchase Details

Closed on
Jan 25, 2007
Sold by
Pulte Home Corp
Bought by
Rasmus Dean Erick A and Rasmus Dean Alexandra N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,991
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lee Brian S $449,900 First American Title Ins Co
Wong Jack $280,000 Old Republic Title Agency
Rasmus Dean Erick A $359,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Brian S $337,425
Previous Owner Rasmus Dean Erick A $323,991
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $449,900 0.0% $289 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $449,900 -- $289 / 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 $3,788 $31,607 -- --
2024 $3,498 $30,102 -- --
2023 $3,498 $37,960 $7,590 $30,370
2022 $3,355 $30,020 $6,000 $24,020
2021 $3,378 $28,260 $5,650 $22,610
2020 $3,276 $28,210 $5,640 $22,570
2019 $3,214 $28,070 $5,610 $22,460
2018 $3,134 $27,860 $5,570 $22,290
2017 $3,041 $24,730 $4,940 $19,790
2016 $3,019 $23,780 $4,750 $19,030
2015 $2,900 $23,070 $4,610 $18,460
Source: Public Records

Agents Affiliated with this Home

  • Tom Tokoph

    Seller's Agent in 2021

    Tom Tokoph

    Urban Realty & Development, LLC

    (480) 829-1000

    22 in this area

    27 Total Sales

    Tom Tokoph
    Section Image
  • Jose Gomez

    Buyer's Agent in 2021

    Jose Gomez

    Real Broker

    (602) 752-9713

    1 in this area

    2 Total Sales

    Jose Gomez
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6282008

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-214

Arizona Maricopa County Tempe 85281 Downtown Tempe

525 W Lakeside Dr Unit 126, 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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