NOT LISTED FOR SALE

5520 S Waverly Way Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $815,000 - $1,067,000

4 Beds
3 Baths
2,809 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $910,000 $324 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,156/month

38 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • 0.23 Acre Lot
  • Rover Elementary School Rated A-
  • Waterfront
  • Community Lake

About This Home

As of May 2023

Gorgeous Lake Life in the middle of Tempe! Beautiful home with tons of character & charm that will be hard to find elsewhere. Located on The Island of the Lakes with a large lot, boat dock, an additional workshop/studio (with its own sink, toilet and bi-fold door)that overlooks the lake, 4 bedrooms, 3 bathrooms, dining room, great room connected to another sitting room by a brick fireplace. Cul-de-sac lot, lake views from just about every room, beautifully paved driveway and fruit producing citrus trees all over the property. This truly is location x 3 with quick access to multiple freeways, shopping, entertainment, and ASU. Fantastic home that is waiting to be updated and made to be your own. Home was loved by the same family since 1992! These lake homes don't go on the market every day. You don't want to miss your chance at this rare gem in Tempe! Have your agent schedule a showing TODAY!

Last Agent to Sell the Property

Camille Kooi

My Home Group Real Estate License #BR643545000 Listed on: 02/17/2023

My Home Group Real Estate

Last Buyer's Agent

Phyllis Kerseg

Realty ONE Group License #SA105071000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,773

Year Built

  • Built in 1979

Lot Details

  • 10,197 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Front and Back Yard Sprinklers

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,809 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Family Room with Fireplace
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Pool

  • Private Pool
  • Diving Board

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 301-02-168

Community Details

Overview

  • Association fees include ground maintenance
  • The Lakes Comm Assoc Association, Phone Number (480) 332-0050
  • Lakes Tract B Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,773

Year Built

Built in 1979

Lot Details

0

HOA Fees

$117 per month

Parking

2

Listing Details

  • Cross Street: Baseline and Lakeshore
  • 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: 117.0
  • Basement: N
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1979
  • Tax Year: 2022
  • Directions: From Baseline turn left onto S Lakeshore Dr to Sandpiper (go right) and left on S Waverly Way. GPS should get you here without any problems!
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.23
  • Subdivision Name: LAKES TRACT B
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 351.0
  • Cooling:Central Air: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Interior Amenities: Upstairs, Vaulted Ceiling(s), Wet Bar, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 2809.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: See Remarks
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac
  • Pool Features: Diving Pool, Private
  • Pool Private: Yes
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Pool, Tennis Court(s), Biking/Walking Path, Fitness Center
  • Amenities: Management
  • Association Fee: 351.0
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes Comm Assoc
  • Phone: 480-332-0050
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: The Lakes Comm Assoc
  • Association Fees:HOA Telephone4: 480.332.0050
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

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: 10197.0
  • Parcel #: 301-02-168
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 5773.0
  • Tax Book Number: 301.00
  • Tax Lot: 17
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2023
Closed on
May 8, 2023
Sold by
Stark Trust
Bought by
Stoner Robert
Seller's Agent
Camille Kooi
My Home Group Real Estate
Buyer's Agent
Phyllis Kerseg
Realty ONE Group
List Price
$1,200,000
Sold Price
$910,000
Premium/Discount to List
-$290,000
-24.17%
Total Days on Market
38
Views
106
Current Estimated Value
$980,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,753
Avg. Annual Appreciation
3.63%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Stark James R and Stark Rosemary M
Bought by
Stark James R and Stark Rosemary M
Source: Public Records

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Range of Values:

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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
Stoner Robert $910,000 Empire Title Agency
Stark James R -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $910,000 -4.2% $324 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/20/2023 03/20/23 Price Changed $950,000 -20.8% $338 / Sq Ft
02/17/2023 02/17/23 For Sale $1,200,000 -- $427 / 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 $6,725 $60,034 -- --
2024 $6,044 $57,176 -- --
2023 $6,044 $72,570 $14,510 $58,060
2022 $5,773 $51,860 $10,370 $41,490
2021 $5,844 $49,600 $9,920 $39,680
2020 $5,842 $48,700 $9,740 $38,960
2019 $5,779 $47,520 $9,500 $38,020
2018 $5,620 $45,030 $9,000 $36,030
2017 $5,435 $42,460 $8,490 $33,970
2016 $5,667 $46,330 $9,260 $37,070
2015 $5,419 $43,800 $8,760 $35,040
Source: Public Records

Agents Affiliated with this Home

  • Camille Kooi

    Seller's Agent in 2023

    Camille Kooi

    My Home Group

    (480) 226-7436

    1 in this area

    45 Total Sales

    Camille Kooi
    Section Image

  • P

    Buyer's Agent in 2023

    Phyllis Kerseg

    Realty One Group

    (602) 885-1351

    1 in this area

    14 Total Sales

    Phyllis Kerseg
    Section Image

  • P

    Buyer Co-Listing Agent in 2023

    Paul Dumke

    Realty One Group

    (602) 953-4000

    1 in this area

    10 Total Sales

    Paul Dumke
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6521814

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-168

Arizona Maricopa County Tempe 85283 The Lakes

5520 S Waverly Way, Tempe, AZ

This home is located at 5520 S Waverly Way, Tempe, AZ 85283 since 17 February 2023 and is currently estimated at $980,753, approximately $349 per square foot. This property was built in 1979. 5520 S Waverly Way 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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