NOT LISTED FOR SALE

5611 S Palm Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $427,844 - $443,000

3 Beds
2 Baths
1,267 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $143,900 $114 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $2,543/month

47 Days on Market

Highlights

  • 0.19 Acre Lot
  • Heated Community Pool
  • Covered patio or porch
  • No HOA
  • Tennis Courts
  • Breakfast Bar

About This Home

As of September 2012

University Royal 3 bedroom 2 bath solid block home on a large lot near popular Kiwanis Regional Park. Park features stocked lake, tennis, swimming and lots of well kept picnic and play areas. Nicely updated kitchen with mid tone oak cabinets and white tile floors. Master bedroom with 3/4 bath. Large east facing covered porch. New paint and carpet throughout and in move in ready condition. This home can be purchased for as little as 3% down payment with seller offered financing to qualified buer with no mortagage insurance premium.

Last Agent to Sell the Property

Terence Riley

KMF Real Estate LLC License #SA522743000 Listed on: 06/27/2012

Last Buyer's Agent

Susan Reed

HomeSmart License #SA016387000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1973

Lot Details

  • 8,111 Sq Ft Lot
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • 1,267 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Breakfast Bar

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 395
  • Assessor Parcel Number 301-80-399

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • University Royal Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Heated Community Pool
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,281

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Cross Street: RURAL AND Baseline
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2012
  • Parking Spaces Total Covered Spaces: 2.0
  • Year Built: 1973
  • Tax Year: 2011
  • Directions: South on Rural to Cornell (Traffic Light) then west and quick left on Palm to second home on the left
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.19
  • Subdivision Name: UNIVERSITY ROYAL
  • Architectural Style: Ranch
  • ResoBuildingAreaSource: Assessor
  • 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

  • Basement: None
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 3/4 Bath Master Bdrm, High Speed Internet
  • Living Area: 1267.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Brick Veneer, Painted, Siding, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Community Pool Htd, Near Bus Stop, Tennis Court(s), Playground, Biking/Walking Path
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Aguilar 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: 8111.0
  • Parcel #: 301-80-399
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1281.0
  • Tax Book Number: 301.00
  • Tax Lot: 395
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2012
Closed on
Sep 25, 2012
Sold by
Fannie Mae
Bought by
Norman Lisa M
Seller's Agent
Terence Riley
KMF Real Estate LLC
Buyer's Agent
Susan Reed
HomeSmart
List Price
$156,900
Sold Price
$143,900
Premium/Discount to List
-$13,000
-8.29%
Current Estimated Value
$436,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,871
Avg. Annual Appreciation
9.17%
Original Mortgage
$115,120
Outstanding Balance
$81,421
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$362,942

Purchase Details

Closed on
May 18, 2012
Sold by
Greentree Servicing Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 5, 2003
Sold by
Warlock Management Llc
Bought by
Rotter Clifton and Rotter Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2001
Sold by
Warlock Management Llc
Bought by
Billington Timothy B and Billington Tammy C

Purchase Details

Closed on
May 15, 2001
Sold by
Billington Timothy B and Billington Tammy C
Bought by
Warlock Management Llc

Purchase Details

Closed on
Mar 1, 2000
Sold by
Billington Timothy B and Billington Tammy C
Bought by
Warlock Management Llc

Purchase Details

Closed on
Aug 10, 1999
Sold by
Rinke Mark T and Rinke Nora M
Bought by
Billington Timothy B and Billington Tammy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,400
Interest Rate
7.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1997
Sold by
Rinke Michael S and Rinke Kim J
Bought by
Rinke Mark T and Rinke Nora M

Purchase Details

Closed on
Jul 17, 1995
Sold by
Rinke Michael S
Bought by
Rinke Michael S and Rinke Kim J
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
Norman Lisa M $143,900 Security Title Agency
Federal National Mortgage Association -- Great American Title Agency
Green Tree Servicing Llc $196,625 Great American Title Agency
Rotter Clifton $140,000 First American Title Ins Co
Billington Timothy B -- Fidelity National Title
Warlock Management Llc -- Fidelity Title
Warlock Management Llc -- Fidelity Title
Billington Timothy B $114,900 Ati Title Agency
Rinke Mark T $40,000 Security Title Agency
Rinke Michael S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Lisa M $115,120
Previous Owner Rotter Clifton $195,000
Previous Owner Rotter Clifton $112,000
Previous Owner Rotter Clifton $21,000
Previous Owner Billington Timothy B $103,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $143,900 0.0% $114 / Sq Ft
08/13/2012 08/13/12 Pending -- -- --
08/01/2012 08/01/12 Price Changed $143,900 -10.0% $114 / Sq Ft
06/28/2012 06/28/12 Price Changed $159,900 +1.9% $126 / Sq Ft
06/27/2012 06/27/12 For Sale $156,900 -- $124 / 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 $1,569 $16,199 -- --
2024 $1,550 $15,427 -- --
2023 $1,550 $31,310 $6,260 $25,050
2022 $1,480 $23,410 $4,680 $18,730
2021 $1,509 $21,180 $4,230 $16,950
2020 $1,459 $18,500 $3,700 $14,800
2019 $1,431 $16,980 $3,390 $13,590
2018 $1,392 $14,920 $2,980 $11,940
2017 $1,349 $13,380 $2,670 $10,710
2016 $1,342 $12,270 $2,450 $9,820
2015 $1,299 $11,550 $2,310 $9,240
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Terence Riley

    KMF Real Estate LLC

  • Susan Reed

    Buyer's Agent in 2012

    Susan Reed

    HomeSmart

    (602) 427-7916

    6 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4780414

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-80-399

Arizona Maricopa County Tempe 85283 The Lakes

5611 S Palm Dr, Tempe, AZ

This home is located at 5611 S Palm Dr, Tempe, AZ 85283 since 27 June 2012 and is currently estimated at $438,711, approximately $346 per square foot. This property was built in 1973. 5611 S Palm Dr is a home located in Maricopa County with nearby schools including Aguilar 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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