NOT LISTED FOR SALE

5503 S Rocky Point Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $500,693 - $568,000

3 Beds
2 Baths
1,608 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $315,000 $196 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,080/month

18 Days on Market

Highlights

  • Fitness Center
  • Tennis Courts
  • Community Lake
  • Rover Elementary School Rated A-
  • Private Pool
  • Corner Lot

About This Home

As of December 2019

Stunning remodel in the highly sought after Lakes community. Every inch of this 3 bedroom 2 bath home has been tastefully remodeled and is move in ready! New stainless steel appliances, gorgeous flooring ,new carpet, tasteful neutral paint, all new fixtures ,ceiling fans and a brand new AC unit.

Last Agent to Sell the Property

Evan Spiegel

Desert Valley Real Estate License #BR640127000 Listed on: 10/31/2019

Last Buyer's Agent

Daniel Birk

Fathom Realty Elite License #SA554956000

Fathom Realty Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,443

Year Built

  • Built in 1971

Lot Details

  • 5,375 Sq Ft Lot
  • Block Wall Fence
  • Corner Lot
  • Backyard Sprinklers
  • Private Yard

HOA Fees

  • $103 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Shake Roof
  • Stucco

Interior Spaces

  • 1,608 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Kitchen Island

Bedrooms and Bathrooms

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

Outdoor Features

  • Private Pool
  • Tennis Courts
  • Covered Patio or Porch

Schools

  • Rover Elementary School
  • FEES College Preparatory Middle School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 301-02-422

Community Details

Overview

  • Association fees include ground maintenance
  • The Lakes Association, Phone Number (480) 838-1023
  • Built by uknown
  • Lakes Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,443

Year Built

Built in 1971

Lot Details

0

HOA Fees

$103 per month

Parking

2

Listing Details

  • Cross Street: Baseline & McClintock
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 103.33
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2019
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2019
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2019
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2019
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2019
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1971
  • Tax Year: 2019
  • Directions: S.on McClintock 2 Southshore,W.2 Rocky Point,N.Road Curves E.On S.w.Corner of Rocky Point/Outrigger
  • Master Model: Unknown
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.12
  • Subdivision Name: Lakes
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 310.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Eat-in Kitchen, Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1608.0
  • Stories: 1
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard, Tennis Court(s)
  • Lot Features: Sprinklers In Rear, Corner Lot
  • Pool Private: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Shake
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Tennis Court(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • 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

  • Community Features: Lake, Community Spa Htd, Tennis Court(s), Fitness Center
  • Association Fee: 310.0
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes
  • Phone: 480-838-1023
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: The Lakes
  • Association Fees:HOA Telephone4: 480-838-1023
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Rover Elementary School
  • High School: Marcos De Niza High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5375.0
  • Parcel #: 301-02-422

Building Info

  • Builder Name: uknown

Tax Info

  • Tax Annual Amount: 2443.0
  • Tax Book Number: 301.00
  • Tax Lot: 74
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Nov 18, 2019
Sold by
Sormark Ulf Erik Reine and Sormark Julie Jacqueline Kowalska
Bought by
Kane John F and Kane Pamela J
Seller's Agent
Evan Spiegel
Desert Valley Real Estate
Buyer's Agent
Daniel Birk
Fathom Realty Elite
List Price
$230,000
Sold Price
$315,000
Premium/Discount to List
$85,000
36.96%
Current Estimated Value
$521,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,423
Avg. Annual Appreciation
9.14%
Original Mortgage
$236,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2015
Sold by
Sormark Ulf and Sormark Julie
Bought by
Sormark Ulf Erik Reine and Sormark Julie Jacqueline Kowalska

Purchase Details

Closed on
Dec 21, 2004
Sold by
Sormark Ulf
Bought by
Sormark John E R and Sormark Julie J

Purchase Details

Closed on
Apr 12, 2004
Sold by
Sauter James N and Sauter Janlyn M
Bought by
Sormark Ulf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,875
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2001
Sold by
Reddie Mark S and Reddie Suzanne
Bought by
Sauter James N and Sauter Janlyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 1996
Sold by
Baum Jeffrey C and Baum Virginia C
Bought by
Reddie Mark S and Reddie Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,650
Interest Rate
7.41%
Mortgage Type
New Conventional
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
Kane John F $315,000 First American Title Ins Co
Sormark Ulf Erik Reine -- None Available
Sormark John E R -- --
Sormark Ulf $182,500 Lawyers Title Ins
Sauter James N $165,500 Capital Title Agency
Reddie Mark S $116,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane John F $240,500
Closed Kane John F $236,250
Previous Owner Sormark Ulf $136,875
Previous Owner Sauter James N $25,000
Previous Owner Sauter James N $138,500
Previous Owner Sauter James N $132,050
Previous Owner Reddie Mark S $110,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $315,000 +37.0% $196 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $230,000 -- $143 / 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 $2,691 $24,025 -- --
2024 $2,659 $22,881 -- --
2023 $2,659 $36,750 $7,350 $29,400
2022 $2,550 $28,260 $5,650 $22,610
2021 $2,568 $26,210 $5,240 $20,970
2020 $2,490 $23,970 $4,790 $19,180
2019 $2,443 $22,750 $4,550 $18,200
2018 $2,382 $20,350 $4,070 $16,280
2017 $2,311 $19,080 $3,810 $15,270
2016 $2,295 $17,810 $3,560 $14,250
2015 $2,204 $16,260 $3,250 $13,010
Source: Public Records

Agents Affiliated with this Home

  • Evan Spiegel

    Seller's Agent in 2019

    Evan Spiegel

    Desert Valley Real Estate

    (602) 741-6663

    13 Total Sales

    Evan Spiegel
    Section Image
  • Daniel Birk

    Buyer's Agent in 2019

    Daniel Birk

    Fathom Realty Elite

    (602) 369-1145

    21 in this area

    37 Total Sales

    Daniel Birk
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5999925

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-422

Arizona Maricopa County Tempe 85283 The Lakes

5503 S Rocky Point Rd, Tempe, AZ

This home is located at 5503 S Rocky Point Rd, Tempe, AZ 85283 since 31 October 2019 and is currently estimated at $521,423, approximately $324 per square foot. This property was built in 1971. 5503 S Rocky Point Rd is a home located in Maricopa County with nearby schools including Rover Elementary School, Fees College Preparatory Middle School, and Marcos De Niza 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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