NOT LISTED FOR SALE

Estimated Value: $500,914 - $573,000

2 Beds
2.5 Baths
1,370 Sq Ft
$396/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $332,500 $243 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,500/month

9 Days on Market

Highlights

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

About This Home

As of April 2019

Come enjoy Tempe Town Lake living at it's best in this stylish 2 bedroom, 2 1/2 bathroom condo in the exclusive ''525 Town Lake'' gated community by Pulte. Located in the heart of downtown Tempe, minutes from Mill Ave, next to Tempe Center for the Arts, the light rail & close to ASU. Equipped with Stainless Steel appliances and washer & dryer, hardwood floors are featured in all living areas, with lush carpet in bedrooms and upgraded tile in bathrooms. Loft/office area is located upstairs along with a private balcony off the master suite. Living Room features another balcony and is pre-wired for surround sound. Includes a tandem 2 car garage with built-ins and highly upgraded floors. Community includes a swimming pool, park area, cabanas, Jacuzzi, BBQ & an outdoor shower and bathroom!

Last Agent to Sell the Property

Trevor Bradley

Real Broker License #SA645953000 Listed on: 03/14/2019

Real Broker

Last Buyer's Agent

Katherine Walsh

Keller Williams Realty East Valley License #SA655318000

Keller Williams Realty East Valley

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,835

Year Built

  • Built in 2006

Lot Details

  • 543 Sq Ft Lot
  • Two or More Common Walls
  • Private Streets
  • Grass Covered Lot

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Tandem Garage
  • Garage Door Opener
  • Parking Permit Required

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 1,370 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Solar Screens
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • ENERGY STAR Qualified Appliances
  • 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
  • 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
  • Water Softener
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 8-3
  • Assessor Parcel Number 124-24-227

Community Details

Overview

  • Association fees include roof repair, pest control, ground maintenance, street maintenance, front yard maint, trash, roof replacement, maintenance exterior
  • 525 Town Lake Association, Phone Number (480) 844-2224
  • Built by Pulte Homes
  • 525 Town Lake Condominium Amd Subdivision, Plan B

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,835

Year Built

Built in 2006

Lot Details

0

HOA Fees

$350 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 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 350.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Tax Year: 2018
  • Directions: From Rio Salado go south on Hardy Dr. Turn east onto W 1st Street. You will find 525 W 1st Street #103, is on the north side of the street. You do not need to go through gate for access.
  • Master Model: Plan B
  • 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: 350.0
  • Windows:Dual Pane: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • 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, Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1370.0
  • Stories: 3
  • Window Features: Solar Screens, Dual Pane, ENERGY STAR Qualified Windows, 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 Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: 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, Private Street(s)
  • Lot Features: Grass Front
  • Pool Features: None
  • View: City Light View(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Home Warranty: Yes
  • Common Walls: Two Common Walls
  • Construction Type: Brick Veneer, Other, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Other, Built-Up
  • 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, Direct Access, Attch'd Gar Cabinets, Rear Vehicle Entry, Permit Required
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Rear Vehicle Entry: Yes
  • Parking Features:PermitDecal Req_squote_d: Yes
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Engy Star (See Rmks)
  • 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: 350.0
  • 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 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: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: 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:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, 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: 543.0
  • Parcel #: 124-24-227

Building Info

  • Builder Name: Pulte Homes

Tax Info

  • Tax Annual Amount: 2835.0
  • Tax Book Number: 124.00
  • Tax Lot: 8-3
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 2, 2019
Sold by
Clem Allen L and Clem Patricia L
Bought by
Hacker Nancy Ellen
Seller's Agent
Trevor Bradley
Real Broker
Buyer's Agent
Katherine Walsh
Keller Williams Realty East Valley
List Price
$339,999
Sold Price
$332,500
Premium/Discount to List
-$7,499
-2.21%
Current Estimated Value
$542,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,729
Avg. Annual Appreciation
7.56%

Purchase Details

Closed on
Jul 23, 2007
Sold by
Pulte Home Corp
Bought by
Clem Allen L and Clem Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,992
Interest Rate
6.51%
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
Hacker Nancy Ellen $332,500 Security Title Agency Inc
Clem Allen L $399,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clem Allen L $289,577
Previous Owner Clem Allen L $319,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $332,500 -2.2% $243 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $339,999 -- $248 / 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 $2,417 $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 $2,835 $25,650 $5,130 $20,520
2017 $2,751 $22,610 $4,520 $18,090
2016 $2,732 $21,630 $4,320 $17,310
2015 $2,624 $20,900 $4,180 $16,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5896087

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-227