NOT LISTED FOR SALE

526 W 1st St Unit 105 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $504,547 - $573,000

2 Beds
2.5 Baths
1,370 Sq Ft
$392/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $499,999 $365 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,600/month

1 Day on Market

Highlights

  • Community Lake
  • Eat-In Kitchen
  • Bike Trail
  • Heated Community Pool
  • Central Air
  • Wrought Iron Fence

About This Home

As of July 2023

Location, location, location! This gorgeous 2 bedroom and 2.5 bathroom loft style condo in 525 Town Lake sits across from Tempe Town Lake and Beach Park, minutes from ASU Main Campus, eateries/bars, shopping, entertainment and easy access to the 202 and I-10. Enjoy all the amenities in this private gated community including heated pool/spa with cabanas and BBQ. The open concept kitchen features granite countertops and stainless steel appliances adjacent to the common area with access to one of two balconies. The primary bedroom sits on the top floor with its own balcony and beautiful built-in office area. Recent upgrades include new HVAC, new water heater, and epoxied floors in the 2-car tandem garage. Don't miss out on this gem!

Last Agent to Sell the Property

Thomas Wiederstein

Redfin Corporation License #SA675668000 Listed on: 07/07/2023

Redfin Corporation

Last Buyer's Agent

Teresa Fahl

Berkshire Hathaway HomeServices Arizona Properties License #SA550904000

Berkshire Hathaway HomeServices Arizona Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,612

Year Built

  • Built in 2006

Lot Details

  • 543 Sq Ft Lot
  • Desert faces the front of the property
  • Wrought Iron Fence
  • Block Wall Fence

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,370 Sq Ft Home
  • 3-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 8-5
  • Assessor Parcel Number 124-24-229

Community Details

Overview

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

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

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: Rio Salado Pkwy & Mill
  • 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: 415.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Tax Year: 2022
  • Directions: West on Rio Salado, Left on Lakeside Dr to property. Easiest to park on 1st.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.01
  • Subdivision Name: 525 TOWN LAKE CONDOMINIUM AMD
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 415.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Eat-in Kitchen, 3/4 Bath Master Bdrm
  • Living Area: 1370.0
  • Stories: 3
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Lot Features: Desert Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted
  • Roof: Metal
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

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, Community Spa Htd, Community Pool Htd, Biking/Walking Path
  • Association Fee: 415.0
  • Association Fee Frequency: Monthly
  • Association Name: Town Lake
  • 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: Town Lake
  • 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: 830.0
  • Association Fees:Disclosure Fees HOA: 255.0
  • Association Fees:Other Fees HOA: 25.0
  • Association Fees:Other Fees Description: Document Fee
  • Association Fee Incl:Common Area Maint3: 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

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 #: 124-24-229

Building Info

  • Builder Name: Pulte

Tax Info

  • Tax Annual Amount: 2612.0
  • Tax Book Number: 124.00
  • Tax Lot: 8-5
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Jul 31, 2023
Sold by
Layman Kevin Jay and Layman Melanie Joy
Bought by
Lancaster Robert T and Lancaster Lisa M
Seller's Agent
Thomas Wiederstein
Redfin Corporation
Buyer's Agent
Teresa Fahl
Berkshire Hathaway HomeServices Arizona Properties
List Price
$499,999
Sold Price
$499,999
Views
13
Current Estimated Value
$536,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,638
Avg. Annual Appreciation
0.37%

Purchase Details

Listed on
Dec 24, 2020
Closed on
Feb 17, 2021
Sold by
Purcell Robert H and Purcell Jill K
Bought by
Layman Kevin Jay and Layman Melanie Joy
Seller's Agent
Joe Montalto
USELLSMART Real Estate
Buyer's Agent
Thomas Wiederstein
Redfin Corporation
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.40%
Original Mortgage
$269,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2014
Closed on
Jul 29, 2014
Sold by
Pfeffer Steven S and Pfeffer Pamela S
Bought by
Purcell Robert H and Purcell Jill K
Seller's Agent
T. Link Paffenbarger
West USA Realty
Buyer's Agent
T. Link Paffenbarger
West USA Realty
List Price
$277,500
Sold Price
$250,000
Premium/Discount to List
-$27,500
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$187,500
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2007
Sold by
Pulte Home Corp
Bought by
Pfeffer Steven S and Pfeffer Pamela S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.61%
Mortgage Type
Unknown
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
Lancaster Robert T $499,999 First Arizona Title
Layman Kevin Jay $385,000 Old Republic Title Agency
Purcell Robert H $250,000 Security Title Agency
Pfeffer Steven S $399,990 Sun Title Agency Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Layman Kevin Jay $269,500
Previous Owner Purcell Robert H $187,500
Previous Owner Pfeffer Steven S $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $499,999 0.0% $365 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $499,999 +29.9% $365 / Sq Ft
02/26/2021 02/26/21 Sold $385,000 -2.5% $281 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
12/24/2020 12/24/20 For Sale $395,000 +58.0% $288 / Sq Ft
08/06/2014 08/06/14 Sold $250,000 0.0% $190 / Sq Ft
08/03/2014 08/03/14 Price Changed $250,000 -9.9% $190 / Sq Ft
07/06/2014 07/06/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $277,500 0.0% $211 / Sq Ft
09/06/2013 09/06/13 Rented $1,800 -10.0% --
09/03/2013 09/03/13 Under Contract -- -- --
07/26/2013 07/26/13 For Rent $2,000 +17.6% --
08/01/2012 08/01/12 Rented $1,700 0.0% --
07/02/2012 07/02/12 Under Contract -- -- --
06/21/2012 06/21/12 For Rent $1,700 -- --
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 $3,203 $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

  • Teresa Fahl

    Buyer's Agent in 2023

    Teresa Fahl

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 620-5738

    1 in this area

    47 Total Sales

    Teresa Fahl
    Section Image

  • J

    Seller's Agent in 2021

    Joe Montalto

    USELLSMART Real Estate

    (480) 707-7806

    1 in this area

    62 Total Sales

    Joe Montalto
    Section Image
  • T. Link Paffenbarger

    Seller's Agent in 2014

    T. Link Paffenbarger

    West USA Realty

    (602) 989-7221

    30 Total Sales

    T. Link Paffenbarger
    Section Image

  • R

    Seller's Agent in 2013

    Russell Black

    Midland Real Estate Alliance

    (480) 220-5131

    6 Total Sales

    Russell Black
    Section Image

  • J

    Buyer's Agent in 2013

    Joanna Coleman

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6576063

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-229

Arizona Maricopa County Tempe 85281 Downtown Tempe

526 W 1st St Unit 105, Tempe, AZ

This home is located at 526 W 1st St Unit 105, Tempe, AZ 85281 since 07 July 2023 and is currently estimated at $536,637, approximately $391 per square foot. This property was built in 2006. 526 W 1st St Unit 105 is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

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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