NOT LISTED FOR SALE

Estimated Value: $543,000 - $629,000

4 Beds
2.5 Baths
2,188 Sq Ft
$273/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $480,000 $219 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,430/month

13 Days on Market

Highlights

  • Private Pool
  • Vaulted Ceiling
  • Eat-In Kitchen
  • Kyrene de la Paloma School Rated A-
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of August 2022

Exceptional income producing property for Investors. Fantastic location, great neighborhood. All 4 bedrooms upstairs, 2 and 1/2 car garage, large family room, great floor plan, BIG backyard w/pool & extended covered patio, dog run on side of house, NEW exterior paint, shows well but could use some TLC here and there. Seller has never lived in the property. Current Tenants are vacating the property the second week of September 2022. The property across the street sold in a day. Property was originally purchased by Seller to hedge against the devaluing dollar with appreciating income producing real estate properties. Seller is moving out of state and is motivated to sell.

Last Agent to Sell the Property

Bob Gottlieb

Iconic Realty PA License #SA500447000 Listed on: 07/30/2022

Co-Listed By

Jan Dekker

Iconic Realty PA License #SA666309000

Last Buyer's Agent

Amir Moayedpardazi

HomeSmart License #SA577481000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,887

Year Built

  • Built in 1997

Lot Details

  • 7,009 Sq Ft Lot
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces
  • 2.5 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,188 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Playground

Schools

  • Kyrene De La Paloma Elementary School
  • Kyrene Del Pueblo Middle School
  • Mountain Pointe High School

Utilities

  • Central Air
  • Heating Available
  • Water Softener
  • High Speed Internet

Community Details

  • Association fees include ground maintenance
  • Driftwood Ranch Association, Phone Number (480) 844-2224
  • Driftwood Ranch Phase Three Subdivision

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 308-09-907

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,887

Year Built

Built in 1997

Lot Details

0

HOA Fees

$54 per month

Parking

2

Listing Details

  • Cross Street: Chandler Blvd and Rural
  • 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: 54.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.5
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Spa Private: Yes
  • Tax Year: 2021
  • Directions: West on Chandler Blvd. South on Driftwood, West on Mercury Way to home !
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: reog04
  • Co List Office Phone: 480-777-4500
  • Subdivision Name: DRIFTWOOD RANCH PHASE THREE
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 54.0
  • Windows:Dual Pane: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: Private
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Soft Water Loop, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub, Laminate Counters
  • Living Area: 2188.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground
  • Lot Features: Gravel/Stone Front, Grass Back
  • Pool Private: Yes
  • Disclosures: Vicinity of an Airport
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes

Garage/Parking

  • Total Covered Spaces: 2.5
  • Garage Spaces: 2.5
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 54.0
  • Association Fee Frequency: Monthly
  • Association Name: Driftwood Ranch
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Driftwood Ranch
  • Association Fees:HOA Telephone4: 480-844-2224
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 250.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Other Fees HOA: 250.0
  • Association Fees:Other Fees Description: transfer and capital improvement
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Kyrene de la Paloma School
  • High School: Mountain Pointe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Kyrene del Pueblo Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7009.0
  • Parcel #: 308-09-907

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2887.0
  • Tax Book Number: 308.00
  • Tax Lot: 47
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Aug 23, 2022
Sold by
Stellar Property Llc
Bought by
Nguyen Duong Tung
Seller's Agent
Bob Gottlieb
Iconic Realty PA
Buyer's Agent
Amir Moayedpardazi
HomeSmart
List Price
$595,000
Sold Price
$480,000
Premium/Discount to List
-$115,000
-19.33%
Views
2
Current Estimated Value
$597,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,698
Avg. Annual Appreciation
7.38%
Original Mortgage
$384,000
Outstanding Balance
$328,747
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$268,951

Purchase Details

Closed on
Mar 30, 2021
Sold by
Pcgs Management Llc
Bought by
Stellar Property Llc

Purchase Details

Closed on
Oct 10, 2019
Sold by
Marino Matthew
Bought by
Pcgs Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2011
Sold by
Matthew Marino & Carolyn L Marino Living
Bought by
Marino Matthew

Purchase Details

Closed on
Sep 7, 2006
Sold by
Marino Matthew and Marino Carolyn L
Bought by
Marino Matthew and Marino Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 2, 2005
Sold by
Marino Matthew and Marino Carolyn L
Bought by
Marino Matthew and Marino Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2004
Sold by
Marino Matthew and Marino Carolyn L
Bought by
Marino Matthew and Marino Carolyn

Purchase Details

Closed on
Sep 20, 1999
Sold by
Chernesky Joseph F
Bought by
Marino Matthew and Marino Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 1997
Sold by
Bcg Homes #3 Llc
Bought by
Chernesky Joseph F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,933
Interest Rate
7.54%
Mortgage Type
VA
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
Nguyen Duong Tung $480,000 Magnus Title
Stellar Property Llc $432,247 Security Title Agency Inc
Pcgs Management Llc $319,590 East Title Agency Llc
Marino Matthew -- None Available
Marino Matthew -- Ticor Title Agency Of Az Inc
Marino Matthew -- --
Marino Matthew -- --
Marino Matthew $164,500 Security Title Agency
Chernesky Joseph F $155,833 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Duong Tung $384,000
Previous Owner Pcgs Management Llc $50,000
Previous Owner Marino Matthew $320,000
Previous Owner Marino Matthew $258,000
Previous Owner Marino Matthew $148,000
Previous Owner Chernesky Joseph F $158,933
Closed Marino Matthew $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $480,000 -7.7% $219 / Sq Ft
08/06/2022 08/06/22 Price Changed $519,900 -7.0% $238 / Sq Ft
08/01/2022 08/01/22 Price Changed $559,000 -6.1% $255 / Sq Ft
07/30/2022 07/30/22 For Sale $595,000 -- $272 / 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 $2,486 $32,002 -- --
2024 $2,438 $26,294 -- --
2023 $2,438 $45,530 $9,100 $36,430
2022 $2,794 $32,550 $6,510 $26,040
2021 $2,887 $31,370 $6,270 $25,100
2020 $2,826 $29,520 $5,900 $23,620
2019 $2,321 $28,770 $5,750 $23,020
2018 $2,245 $27,700 $5,540 $22,160
2017 $2,139 $25,980 $5,190 $20,790
2016 $2,184 $25,180 $5,030 $20,150
2015 $2,015 $26,170 $5,230 $20,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6442554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 308-09-907