NOT LISTED FOR SALE

5531 S Compass Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $745,543

2 Beds

2 Baths

1,890 Sq Ft

$394/Sq Ft Est. Value

Last sale price $406,000 $215 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,580/month

2 Days on Market

Highlights

Play Pool
Waterfront
Community Lake
Rover Elementary School Rated A-
0.2 Acre Lot
Clubhouse

About This Home

As of May 2016

Outstanding Waterfront Home! Welcome to the The Lakes in Tempe. Stunning chefs kitchen features center island, granite counters, breakfast bar, SS appliances, upgraded lighting, and wood cabinetry with stylish hardware. Architecturally & Aesthetically Beautiful Home, pleasing to the eye. Wonderful slate tile floors with bamboo floors in 2nd bedroom, ceiling fans, large Arcadia Doors to patio, recessed lighting, Upscale bathrooms with designer tile, fixtures, and lighting. The windows t/o bring the outside in all the perfect places! Enjoy the resort style backyard with refreshing pool, covered flagstone patio, lush green landscape, and built-in BBQ/kitchenette. Colorful foliage along the waters edge! Private dock and sparkling water! Incredible Views and endless blue skies.

Last Agent to Sell the Property

Sharon L. Hill Elsner

West USA Realty License #BR005265000 Listed on: 04/30/2016

Last Buyer's Agent

Janice Nowell

HomeSmart License #SA551956000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,155

Year Built

Built in 1973

Lot Details

8,564 Sq Ft Lot
Waterfront
Cul-De-Sac
Desert faces the front and back of the property
Block Wall Fence
Front and Back Yard Sprinklers
Grass Covered Lot

HOA Fees

$97 Monthly HOA Fees

Parking

2 Car Direct Access Garage
Garage Door Opener

Home Design

Contemporary Architecture
Wood Frame Construction
Tile Roof
Block Exterior
Stucco

Interior Spaces

1,890 Sq Ft Home
1-Story Property
Ceiling height of 9 feet or more
Ceiling Fan
Solar Screens
Security System Owned

Kitchen

Eat-In Kitchen
Breakfast Bar
Built-In Microwave
Dishwasher
Kitchen Island
Granite Countertops

Flooring

Wood
Tile

Bedrooms and Bathrooms

2 Bedrooms
Remodeled Bathroom
Primary Bathroom is a Full Bathroom
2 Bathrooms
Hydromassage or Jetted Bathtub
Bathtub With Separate Shower Stall

Laundry

Laundry in Garage
Washer and Dryer Hookup

Accessible Home Design

No Interior Steps

Outdoor Features

Play Pool
Covered patio or porch
Built-In Barbecue
Playground

Schools

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

Utilities

Refrigerated Cooling System
Heating System Uses Natural Gas
Tankless Water Heater
High Speed Internet
Cable TV Available

Listing and Financial Details

Tax Lot 116
Assessor Parcel Number 301-02-649

Community Details

Overview

Association fees include ground maintenance, (see remarks)
The Lakes Comm Assoc Association, Phone Number (623) 977-3860
Lakes Tract D3 Subdivision
Community Lake

Amenities

Clubhouse
Recreation Room

Recreation

Tennis Courts
Heated Community Pool
Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,155

Year Built

Built in 1973

Lot Details

HOA Fees

$97 per month

Parking

Listing Details

Cross Street: Rural & Baseline
Legal Info Range: 4E
Property Type: Residential
Ownership: Fee Simple
Association Fees Community Facilities District: N
HOA #2: N
Association Fees Land Lease Fee: N
Recreation Center Fee 2: N
Recreation Center Fee: N
Total Monthly Fee Equivalent: 96.67
Basement: N
Updated Partial or Full Bathrooms: Full
Bathrooms Year Updated: 2009
Updated Floors: Partial
Updated Heating or Cooling Units: Full
Items Updated Ht Cool Yr Updated: 2014
Updated Kitchen: Full
Items Updated Kitchen Yr Updated: 2009
Updated Plumbing: Partial
Items Updated Plmbg Yr Updated: 2012
Updated Room Addition: Partial
Items Updated Rm Adtn Yr Updated: 2009
Updated Roof: Full
Items Updated Roof Yr Updated: 2009
Updated Wiring: Partial
Items Updated Wiring Yr Updated: 2009
Parking Spaces Slab Parking Spaces: 2.0
Parking Spaces Total Covered Spaces: 2.0
Separate Den Office Sep Den Office: Y
Year Built: 1973
Tax Year: 2015
Directions: South on Rural from Baseline to first light, Southshore, Immediate left on to Westshore to 2nd right, Lobstertrap to Compass, Curve left home is at the curve.
Property Sub Type: Single Family - Detached
Horses: No
Lot Size Acres: 0.2
Subdivision Name: LAKES TRACT D3
Architectural Style: Contemporary
Efficiency: Sunscreen(s)
Property Attached Yn: No
ResoBuildingAreaSource: Assessor
Association Fees:HOA Fee2: 290.0
Special Features: None

Interior Features

Flooring: Tile, Wood
Possible Use: None
Spa Features: None
Possible Bedrooms: 4
Total Bedrooms: 2
Fireplace Features: None
Fireplace: No
Interior Amenities: Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
Stories: 1
Fireplace:No Fireplace: Yes
Community Features:ClubhouseRec Room: Yes
Community Features:Community Pool: Yes
Kitchen Features:RangeOven Elec: Yes
Kitchen Features:Dishwasher2: Yes
Kitchen Features:Built-in Microwave: Yes
Kitchen Features:Granite Countertops: Yes
Kitchen Features:Kitchen Island: Yes
Community Features:Comm Tennis Court(s): Yes
Community Features:Community Pool Htd: Yes
Community Features:Community Spa Htd: Yes
Kitchen Features:Disposal2: Yes
Kitchen Features:Refrigerator2: Yes
Kitchen Features Pantry: Yes
Other Rooms:Great Room: Yes
Kitchen Features:Non-laminate Counter: Yes
Community Features:Community Spa: Yes
Kitchen Features:Cook Top Elec: Yes
Community Features:Lake Subdivision: Yes
Other Rooms:Library-Blt-in Bkcse: Yes

Exterior Features

Fencing: Block, None
Exterior Features: Covered Patio(s), Playground, Patio, Built-in Barbecue
Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Cul-De-Sac, Gravel/Stone Front, Grass Back
Pool Features: Play Pool, Private
Pool Private: Yes
Waterfront: Yes
Disclosures: Agency Discl Req, Seller Discl Avail
Construction Type: Painted, Stucco, Block, Frame - Wood
Roof: Tile
Construction:Frame - Wood: Yes
Construction:Block: Yes
Exterior Features:Covered Patio(s): Yes
Exterior Features:Built-in BBQ: Yes
Exterior Features:Childrens Play Area: Yes
Exterior Features:Patio: Yes

Garage/Parking

Total Covered Spaces: 2.0
Parking Features: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
Attached Garage: No
Garage Spaces: 2.0
Open Parking Spaces: 2.0
Parking Features:Dir Entry frm Garage: Yes
Parking Features:Electric Door Opener: Yes
Parking Features:Attch_squote_d Gar Cabinets: Yes
Laundry:In Garage: Yes

Utilities

Cooling: Refrigeration, Ceiling Fan(s)
Heating: Electric, Natural Gas
Laundry Features: In Garage, Wshr/Dry HookUp Only
Security: Security System Owned
Water Source: City Water
Heating:Natural Gas: Yes
Heating:Electric: Yes

Condo/Co-op/Association

Community Features: Community Spa Htd, Community Spa, Community Pool Htd, Community Pool, Lake Subdivision, Tennis Court(s), Clubhouse
Amenities: Management, Rental OK (See Rmks)
Association Fee: 290.0
Association Fee Frequency: Quarterly
Association Name: The Lakes Comm Assoc
Phone: 623-977-3860
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 Comm Assoc
Association Fees:HOA Telephone4: 623-977-3860
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_: %
Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

Association Fee Includes: Maintenance Grounds, Other (See Remarks)

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: 8564.0
Parcel #: 301-02-649
ResoLotSizeUnits: SquareFeet

Green Features

Green Water Conservation: Tankless Ht Wtr Heat

Building Info

Builder Name: Unknown

Tax Info

Tax Annual Amount: 3155.0
Tax Book Number: 301.00
Tax Lot: 116
Tax Map Number: 2.00

Ownership History

Jan 2018 - Present Escalante Diane and Diane Escalante Revocable Trus 7 Years and 5 Months

Private Individual

Purchase Details

Closed on

Jan 18, 2018

Sold by

Escalante Diane

Bought by

Escalante Diane and Diane Escalante Revocable Trus

Total Days on Market

Current Estimated Value

$745,543

May 2016 - Jan 2018 Escalante Diane 1 Year and 8 Months

Private Individual

Purchase Details

Listed on

Apr 30, 2016

Closed on

May 10, 2016

Sold by

Funk Cynthia G

Bought by

Escalante Diane

Seller's Agent

Sharon L. Hill Elsner

West USA Realty

Buyer's Agent

Janice Nowell

HomeSmart

List Price

$400,000

Sold Price

$406,000

Premium/Discount to List

$6,000

1.5%

Avg. Annual Appreciation

6.92%

Oct 2014 - May 2016 Funk Cynthia G and Cynthia G Funk Living Trust 1 Year and 7 Months

Private Individual

Purchase Details

Closed on

Oct 7, 2014

Sold by

Funk Cynthia G

Bought by

Funk Cynthia G and Cynthia G Funk Living Trust

Oct 2010 - Oct 2014 Funk Cynthia G 4 Years

Private Individual

Purchase Details

Closed on

Oct 22, 2010

Sold by

Hunter Kathy E

Bought by

Funk Cynthia G

Original Mortgage

$256,545

Interest Rate

4.37%

Mortgage Type

FHA

Mar 2010 - Oct 2010 Hunter Kathy E 7 Months

Private Individual

Purchase Details

Closed on

Mar 19, 2010

Sold by

Hunter Alan D

Bought by

Hunter Kathy E

Aug 1997 - Mar 2010 Hunter Alan D and Hunter Kathy E 12 Years and 7 Months

Private Individual

Purchase Details

Closed on

Aug 25, 1997

Sold by

Hunter Alan D

Bought by

Hunter Alan D and Hunter Kathy E

Original Mortgage

$156,000

Interest Rate

7.12%

Mar 1995 - Aug 1997 Hunter Alan D 2 Years and 5 Months

Private Individual

Purchase Details

Closed on

Mar 3, 1995

Sold by

Hunter Patricia M

Bought by

Hunter Alan D

Source: Public Records

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Average Value

Not Available

List Price

Sold Price

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Purchase History

Buyer	Sale Price	Title Company
Escalante Diane	--	None Available
Escalante Diane	$406,000	First American Title Ins Co
Funk Cynthia G	--	None Available
Funk Cynthia G	$260,000	Asset Title Agency Llc
Hunter Kathy E	--	Accommodation
Hunter Alan D	--	Grand Canyon Title Agency In
Hunter Alan D	--	Grand Canyon Title Agency

Source: Public Records

Mortgage History

Status	Borrower	Loan Amount
Previous Owner	Funk Cynthia G	$256,545
Previous Owner	Hunter Alan D	$495,900
Previous Owner	Hunter Alan D	$120,000
Previous Owner	Hunter Alan D	$200,000
Previous Owner	Hunter Alan D	$22,500
Previous Owner	Hunter Alan D	$156,000

Source: Public Records

Property History

Date	Event	Price	Change	Sq Ft Price
05/17/2016 05/17/16	Sold	$406,000	+1.5%	$215 / Sq Ft
05/02/2016 05/02/16	Pending	--	--	--
04/30/2016 04/30/16	For Sale	$400,000	--	$212 / Sq Ft

Source: Arizona Regional Multiple Listing Service (ARMLS)

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	$3,812	$39,358	--	--
2024	$3,765	$37,484	--	--
2023	$3,765	$52,250	$10,450	$41,800
2022	$3,596	$37,800	$7,560	$30,240
2021	$3,666	$35,510	$7,100	$28,410
2020	$3,545	$34,080	$6,810	$27,270
2019	$3,477	$34,610	$6,920	$27,690
2018	$3,383	$32,630	$6,520	$26,110
2017	$3,278	$33,020	$6,600	$26,420
2016	$3,262	$33,900	$6,780	$27,120
2015	$3,155	$31,210	$6,240	$24,970

Source: Public Records

Agents Affiliated with this Home

Seller's Agent in 2016

Sharon L. Hill Elsner

West USA Realty

(480) 390-2720

22 Total Sales

Sharon L. Hill Elsner
Buyer's Agent in 2016

Janice Nowell

HomeSmart

(480) 628-8411

8 Total Sales

Janice Nowell

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5436197

APN: 301-02-649

Arizona Maricopa County Tempe 85283 The Lakes

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.

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

Nearby Homes

5531 S Compass Rd Tempe, AZ 85283

Last Sold May 17, 2016

Highlights

About This Home

Home Details

Community Details

Home Details

Ownership History

Purchase Details

Purchase Details

Home Financials for this Owner

Purchase Details

Purchase Details

Home Financials for this Owner

Purchase Details

Purchase Details

Home Financials for this Owner

Purchase Details

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Home Values in the Area

Average Home Value in this Area

Purchase History

Mortgage History

Property History

Tax History Compared to Growth

Tax History

Agents Affiliated with this Home

Map