NOT LISTED FOR SALE

5614 S Rocky Point Rd Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $638,000 - $659,494

4 Beds
3 Baths
2,330 Sq Ft
$279/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $639,000 $274 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,762/month

17 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Granite Countertops
  • Rover Elementary School Rated A-
  • Community Lake
  • Tennis Courts

About This Home

As of May 2022

Live in a waterfront community that is full of amenities! The Lakes waterfront community features a beach and tennis club with pickle ball courts, tennis courts, basketball courts, volleyball, and racquetball, swimming pool, hot tub, gym, Book Club, Women's Club, Out to Lunch Bunch, & Thirsty Third Thursday. There is so much to see and do here with more than 50 acres of lakes with boating and fishing! This beautiful Lakes home is centrally located and features 4 bedrooms, 3 bathrooms (full master suite upstairs with its own balcony AND a full master suite downstairs overlooking the pool), a formal living room with soaring ceilings and fireplace, a formal dining room, plus a family room. Upgraded large kitchen with stainless steel appliances, granite countertops, soft close cabinets, recessed lighting, and center island breakfast bar. Private backyard oasis with sparkling pool, citrus trees, and koi pond. Tile flooring and brand new carpeting throughout. This home is walking distance to excellent Tempe K-12 schools and only a 10-minute drive to ASU!

Last Agent to Sell the Property

Jenny Dunaway

Superlative Realty License #SA668012000 Listed on: 04/14/2022

Superlative Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,895

Year Built

  • Built in 1971

Lot Details

  • 5,201 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Sprinklers on Timer

HOA Fees

  • $118 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,330 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms

Pool

  • Private Pool

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 47
  • Assessor Parcel Number 301-02-395

Community Details

Overview

  • Association fees include ground maintenance
  • The Lakes Association, Phone Number (480) 838-1023
  • Lakes Tract F2 Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Racquetball
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,895

Year Built

Built in 1971

Lot Details

0

HOA Fees

$118 per month

Parking

2

Listing Details

  • Cross Street: Rural and Guadalupe
  • 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: 118.33
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1971
  • Tax Year: 2021
  • Directions: East on Guadalupe, North on Lakeshore, East on Southshore, North on Rocky Point to home
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.12
  • Subdivision Name: LAKES TRACT F2
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 355.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Breakfast Bar, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 2330.0
  • Stories: 2
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Workout Facility: Yes
  • Community Features:HandballRacquetball: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Block
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • 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: Racquetball, Lake, Community Spa, Community Pool, Tennis Court(s), Playground, Fitness Center
  • Association Fee: 355.0
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes
  • Phone: 480-838-1023
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA 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

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: 5201.0
  • Parcel #: 301-02-395

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 2895.0
  • Tax Book Number: 301.00
  • Tax Lot: 47
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 13, 2022
Sold by
Berger Oren
Bought by
Ebrahim Salwa and Bejan Ninel
Seller's Agent
Jenny Dunaway
Superlative Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$689,000
Sold Price
$639,000
Premium/Discount to List
-$50,000
-7.26%
Current Estimated Value
$649,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,124
Avg. Annual Appreciation
0.57%
Original Mortgage
$594,700
Outstanding Balance
$568,290
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$83,003

Purchase Details

Closed on
Aug 12, 2021
Sold by
Berger Oren and Berger Lior
Bought by
Berger Oren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2016
Sold by
Back Nine Properties Llc
Bought by
Berger Oren and Berger Lior

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2016
Closed on
Apr 25, 2016
Sold by
Secretary Of Housing & Urban Development
Bought by
Back Nine Properties Llc
Seller's Agent
Kala Laos
JK Realty
Buyer's Agent
David Lee
My Home Group Real Estate
List Price
$246,000
Sold Price
$230,000
Premium/Discount to List
-$16,000
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$150,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2015
Sold by
Bank Of America Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jul 15, 2015
Sold by
Qureshi Shuja and Qureshi Tahira Shuja
Bought by
Bank Of America Na
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
Ebrahim Salwa $626,000 Wfg National Title Insurance C
Berger Oren -- Pioneer Title Agency Inc
Berger Oren $315,000 Chicago Title Agency
Back Nine Properties Llc $230,000 Old Republic Title Agency
Secretary Of Housing & Urban Development -- None Available
Bank Of America Na $294,336 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ebrahim Salwa $594,700
Previous Owner Berger Oren $239,200
Previous Owner Berger Oren $252,000
Previous Owner Back Nine Properties Llc $150,000
Previous Owner Qureshi Shuja $294,336
Previous Owner Qureshi Shuja $289,987
Previous Owner Oureshi Shuja $225,000
Previous Owner Qureshi Shuja $108,600
Closed Qureshi Shuja --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $639,000 -1.5% $274 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/28/2022 04/28/22 Price Changed $649,000 -5.8% $279 / Sq Ft
04/12/2022 04/12/22 For Sale $689,000 +199.6% $296 / Sq Ft
04/27/2016 04/27/16 Sold $230,000 -6.5% $100 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $246,000 0.0% $107 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $246,000 -- $107 / 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 $2,591 $31,080 -- --
2024 $2,973 $29,600 -- --
2023 $2,973 $42,430 $8,480 $33,950
2022 $2,839 $32,470 $6,490 $25,980
2021 $2,895 $30,460 $6,090 $24,370
2020 $2,799 $28,430 $5,680 $22,750
2019 $2,745 $27,450 $5,490 $21,960
2018 $2,671 $25,120 $5,020 $20,100
2017 $2,588 $23,830 $4,760 $19,070
2016 $2,969 $22,970 $4,590 $18,380
2015 $2,852 $20,810 $4,160 $16,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6382352

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-395