NOT LISTED FOR SALE

5531 S Compass Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $690,000 - $791,000

2 Beds
2 Baths
1,890 Sq Ft
$383/Sq Ft Est. Value

Last Sold May 17, 2016

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

Est. 78% increase in value since last sale

Current estimated payment $4,252/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

West USA Realty

Last Buyer's Agent

Janice Nowell

HomeSmart License #SA551956000

HomeSmart

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

0

HOA Fees

$97 per month

Parking

2

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
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • 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

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2018
Sold by
Escalante Diane
Bought by
Escalante Diane and Diane Escalante Revocable Trus
Current Estimated Value
$723,846

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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%

Purchase Details

Closed on
Oct 7, 2014
Sold by
Funk Cynthia G
Bought by
Funk Cynthia G and Cynthia G Funk Living Trust

Purchase Details

Closed on
Oct 22, 2010
Sold by
Hunter Kathy E
Bought by
Funk Cynthia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,545
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2010
Sold by
Hunter Alan D
Bought by
Hunter Kathy E

Purchase Details

Closed on
Aug 25, 1997
Sold by
Hunter Alan D
Bought by
Hunter Alan D and Hunter Kathy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.12%

Purchase Details

Closed on
Mar 3, 1995
Sold by
Hunter Patricia M
Bought by
Hunter Alan D
Source: Public Records

Range of Values:

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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
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

Date Status Borrower Loan Amount
Previous Owner Funk Cynthia G $256,545
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 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 $3,812 $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

  • Janice Nowell

    Buyer's Agent in 2016

    Janice Nowell

    HomeSmart

    (480) 628-8411

    9 Total Sales

    Janice Nowell
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5436197

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-649

Arizona Maricopa County Tempe 85283 The Lakes

5531 S Compass Rd, Tempe, AZ

This home is located at 5531 S Compass Rd, Tempe, AZ 85283 since 30 April 2016 and is currently estimated at $723,846, approximately $382 per square foot. This property was built in 1973. 5531 S Compass 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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