NOT LISTED FOR SALE

525 W Lakeside Dr Unit 136 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $548,000 - $637,000

2 Beds
2.5 Baths
1,603 Sq Ft
$367/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $504,000 $314 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,831/month

108 Days on Market

Highlights

  • Gated Parking
  • Contemporary Architecture
  • Wood Flooring
  • Gated Community
  • Property is near public transit
  • End Unit

About This Home

As of February 2023

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, dog run and large grass area. Ground floor (den/office/hobby room, etc.) has direct access from tandem garage. 2nd floor with open concept living & kitchen with cherry cabinets and SS appliances, granite counters, kitchen island, pantry, dining space, powder room, and balcony. The 3rd floor has laundry, guest bed with a full bath & owner bedroom is en-suite with dual sinks and walk-in closet. Freshly painted interior with neutral color (10/2022). Designated AC on each floor. Newer 3rd floor AC. Garage Floors were recently epoxied (10/2022) End Unit provides privacy.

Last Agent to Sell the Property

Cherie Malkoff

HomeSmart Brokerage Phone: 6026778973 License #BR636629000 Listed on: 10/13/2022

HomeSmart

Last Buyer's Agent

Kenny Klaus

Real Broker License #SA515503000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,445

Year Built

  • Built in 2006

Lot Details

  • 679 Sq Ft Lot
  • End Unit
  • Wrought Iron Fence

HOA Fees

  • $385 Monthly HOA Fees

Parking

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

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,603 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows

Kitchen

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

Flooring

  • Wood
  • Carpet
  • 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

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 7-8
  • Assessor Parcel Number 124-24-224

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • Tri City Prop Mgmt Association, Phone Number (480) 844-2224
  • Built by Pulte
  • 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

$3,445

Year Built

Built in 2006

Lot Details

0

HOA Fees

$385 per month

Parking

2

Listing Details

  • Cross Street: Rio Salado Pkwy & Lakeside Dr
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 385.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2022
  • Directions: One mile west of Mill Ave on Rio Salado Parkway to W Lakeside Dr. turn south thru gate, then left to east end of complex for guest parking.
  • Attribution Contact: 6026778973
  • 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
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 385.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

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: Upstairs, Breakfast Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm, Double Vanity, Granite Counters
  • Living Area: 1603.0
  • Stories: 3
  • Window Features: Dual Pane, Vinyl Frame
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: 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
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Common Walls: End Unit
  • Construction Type: Stucco, Steel Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Built-Up
  • Construction:Frame - Metal: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

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

Utilities

  • Electric: 220 Volts in Kitchen
  • 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: Gated, Community Spa Htd, Community Pool Htd, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 385.0
  • Association Fee Frequency: Monthly
  • Association Name: Tri-City Prop Mgmt
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 120.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Tri-City Prop Mgmt
  • Association Fees:HOA Telephone4: 480-844-2224
  • 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: 770.0
  • Association Fees:Disclosure Fees HOA: 257.0
  • Association Fees:Other Fees HOA: 23.0
  • Association Fees:Other Fees Description: Document Fee
  • 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:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, 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: 679.0
  • Parcel #: 124-24-224
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Pulte

Tax Info

  • Tax Annual Amount: 3445.0
  • Tax Book Number: 124.00
  • Tax Lot: 7-8
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Feb 8, 2023
Sold by
Hendrickson Family Trust
Bought by
Dautremont Jeff
Seller's Agent
Cherie Malkoff
HomeSmart
Buyer's Agent
Kenny Klaus
Real Broker
List Price
$520,000
Sold Price
$504,000
Premium/Discount to List
-$16,000
-3.08%
Views
88
Current Estimated Value
$576,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,519
Avg. Annual Appreciation
5.27%
Original Mortgage
$250,000
Outstanding Balance
$243,219
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$329,246

Purchase Details

Closed on
Jul 14, 2014
Sold by
Hendrickson Roy G and Hendrickson Debra Ann
Bought by
The Hendrickson Family Trust

Purchase Details

Closed on
Sep 18, 2008
Sold by
Hendrickson Roy G and Hendrickson Debra Ann
Bought by
Hendrickson Roy G and Hendrickson Debra A

Purchase Details

Closed on
May 18, 2007
Sold by
Pulte Home Corp
Bought by
Hendrickson Roy G and Hendrickson Debra Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,900
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2006
Sold by
Pulte Home Corp
Bought by
Inti Venkatesh and Nelson Nathan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,606
Interest Rate
5.5%
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
Dautremont Jeff $504,000 Fidelity National Title Agency
The Hendrickson Family Trust -- None Available
Hendrickson Roy G -- None Available
Hendrickson Roy G $419,990 Sun Title Agency Co
Inti Venkatesh $394,508 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dautremont Jeff $250,000
Previous Owner Hendrickson Roy G $225,900
Previous Owner Inti Venkatesh $315,606
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2023 02/08/23 Sold $504,000 -3.1% $314 / Sq Ft
01/08/2023 01/08/23 Pending -- -- --
09/22/2022 09/22/22 For Sale $520,000 -- $324 / 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 $3,143 $32,454 -- --
2024 $3,104 $21,905 -- --
2023 $3,104 $37,930 $7,580 $30,350
2022 $3,445 $30,160 $6,030 $24,130
2021 $3,469 $28,400 $5,680 $22,720
2020 $3,364 $28,380 $5,670 $22,710
2019 $3,300 $28,450 $5,690 $22,760
2018 $3,218 $27,860 $5,570 $22,290
2017 $3,122 $25,300 $5,060 $20,240
2016 $3,100 $24,350 $4,870 $19,480
2015 $2,978 $23,630 $4,720 $18,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6475232

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-224