NOT LISTED FOR SALE

Estimated Value: $498,000 - $624,000

2 Beds
2.5 Baths
1,603 Sq Ft
$353/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $567,000 $354 Per Sq Ft

Current estimated payment $3,699/month

1 Day on Market

Highlights

  • Unit is on the top floor
  • Gated Community
  • Wood Flooring
  • Gated Parking
  • Contemporary Architecture
  • Granite Countertops

About This Home

As of June 2024

Enjoy Tempe Town Lake living at its finest in this 2 bedroom, 2 1/2 bathroom, Plus DEN condominium at the hip ''525 Town Lake'' gated community by Pulte. Located in the heart of downtown Tempe within minutes of Mill Avenue, next to Tempe Center for the Arts, Tempe Town Lake, Whole Foods Market & close to ASU. Equipped with Stainless Steel appliances and washer & dryer, include cool harwood floors throughout the great room and kitchen. Pre-wired for surround sound in the Living Room. Includes a tandum 2 car garage as well as a patio off the living room. Community includes a swimming pool with grass park area, dog run, and cabanas, jacuzzi, BBQ & an outdoor bathroom with shower.

Last Agent to Sell the Property

Tom Tokoph

Urban Realty & Development, LLC Brokerage Phone: 602-549-9000 License #BR114305000 Listed on: 05/13/2024

Last Buyer's Agent

James Wexler

Jason Mitchell Real Estate License #BR558910000

Jason Mitchell Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,592

Year Built

  • Built in 2006

Lot Details

  • 679 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Grass Covered Lot

HOA Fees

  • $445 Monthly HOA Fees

Parking

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

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,603 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Schools

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

Utilities

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

Additional Features

  • Hard or Low Nap Flooring
  • Balcony
  • Unit is on the top floor

Listing and Financial Details

  • Tax Lot 8-2
  • Assessor Parcel Number 124-24-226

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • 525 Town Lake 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

$3,592

Year Built

Built in 2006

Lot Details

0

HOA Fees

$445 per month

Parking

2

Listing Details

  • Cross Street: 1st Street & Farmer
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • Association Fees Community Facilities District: N
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 445.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2015
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2023
  • Directions: From 1st St and Farmer, drive West on 1st St to 525 Town Lake on the Right side. Unit 102 is located in the WEST building facing 1st Street, NOT in the Live/Work units located in the East building.
  • 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: 445.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Accessibility Features: Hard/Low Nap Floors
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1603.0
  • Stories: 3
  • Window Features: Dual Pane, Vinyl Frame
  • 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
  • Other Rooms:Great Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony
  • Lot Features: Grass Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls, Neighbor Below, Neighbor Above
  • Construction Type: Stucco, Other, Painted
  • Roof: Other, Built-Up
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage, Unassigned, Gated, 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
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • 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 Htd, Community Pool Htd, Biking/Walking Path
  • Association Fee: 445.0
  • 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: 890.0
  • Association Fees:Disclosure Fees HOA: 255.0
  • Association Fees:Other Fees HOA: 25.0
  • Association Fees:Other Fees Description: Doc
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: 525 Town Lake
  • Association Fees:HOA Management Phone: 480-844-2224
  • 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: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 #: 124-24-226

Building Info

  • Builder Name: Pulte

Tax Info

  • Tax Annual Amount: 3592.0
  • Tax Book Number: 124.00
  • Tax Lot: 8-2
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 20, 2024
Sold by
Starone Holdings Lllp
Bought by
Rowbotham Fredrick John and Rowbotham Fredrick
Seller's Agent
Tom Tokoph
Urban Realty & Development, LLC
Buyer's Agent
James Wexler
Jason Mitchell Real Estate
List Price
$579,000
Sold Price
$567,000
Premium/Discount to List
-$12,000
-2.07%
Views
2
Current Estimated Value
$566,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$407
Avg. Annual Appreciation
1.04%
Original Mortgage
$453,600
Outstanding Balance
$450,234
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$124,290

Purchase Details

Listed on
Dec 14, 2018
Closed on
Apr 17, 2019
Sold by
Cain Jeffrey and Cain Jo Ann
Bought by
Starone Holdings Lllp
Seller's Agent
Barry Cox
HomeSmart
Buyer's Agent
Tom Tokoph
Urban Realty & Development, LLC
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%

Purchase Details

Listed on
Feb 16, 2014
Closed on
Mar 21, 2014
Sold by
Lonnemann Paul and Lonnemann Mary
Bought by
Cain Jeffrey and Cain Jo Ann
Seller's Agent
Bruno Arapovic
HomeSmart
Buyer's Agent
Barry Cox
HomeSmart
List Price
$279,900
Sold Price
$278,000
Premium/Discount to List
-$1,900
-0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.42%
Original Mortgage
$222,400
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2010
Sold by
Fannie Mae
Bought by
Lonnemann Paul and Lonneman Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,800
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2009
Sold by
Cyr Gregory J and Fierros Temple
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 19, 2007
Sold by
Pulte Home Corp
Bought by
Cyr Gregory J and Fierros Temple

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,992
Interest Rate
7.5%
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
Rowbotham Fredrick John $567,000 First American Title Insurance
Starone Holdings Lllp $330,000 First American Title Ins Co
Cain Jeffrey $278,000 Driggs Title Agency Inc
Lonnemann Paul $211,000 None Available
Federal National Mortgage Association $375,802 Great American Title Agency
Cyr Gregory J $419,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowbotham Fredrick John $453,600
Previous Owner Cain Jeffrey $222,400
Previous Owner Lonnemann Paul $168,800
Previous Owner Cyr Gregory J $335,992
Previous Owner Cyr Gregory J $83,998
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $567,000 -2.1% $354 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $579,000 +75.5% $361 / Sq Ft
04/30/2019 04/30/19 Sold $330,000 -2.7% $214 / Sq Ft
03/02/2019 03/02/19 Price Changed $339,000 -1.5% $220 / Sq Ft
01/18/2019 01/18/19 Price Changed $344,000 -1.4% $223 / Sq Ft
12/14/2018 12/14/18 For Sale $349,000 +25.5% $226 / Sq Ft
03/26/2014 03/26/14 Sold $278,000 -0.7% $180 / Sq Ft
02/21/2014 02/21/14 Pending -- -- --
02/16/2014 02/16/14 For Sale $279,900 -- $181 / 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 $3,592 $30,908 -- --
2023 $3,592 $38,480 $7,690 $30,790
2022 $3,445 $30,460 $6,090 $24,370
2021 $3,469 $28,680 $5,730 $22,950
2020 $3,364 $28,670 $5,730 $22,940
2019 $3,300 $28,630 $5,720 $22,910
2018 $3,218 $28,450 $5,690 $22,760
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: 6699940

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-226