NOT LISTED FOR SALE

724 E Cornell Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $405,779 - $449,000

3 Beds
2 Baths
1,053 Sq Ft
$406/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $297,500 $283 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,349/month

25 Days on Market

Highlights

  • No HOA
  • Community Playground
  • Outdoor Storage
  • Breakfast Bar
  • Property is near a bus stop
  • Central Air

About This Home

As of June 2020

WOW - check out this beautifully updated home in the heart of Tempe! This home has it all - brand new kitchen appliances, 3 bedrooms, 2 bathrooms immaculately maintained it is truly move-in ready! Walking distance to Starbucks, Alamo, and so much more! Don't miss the fully permitted shed in the back yard currently used as an art studio - but the possibilities are endless! . Please look at walk-through.

Last Agent to Sell the Property

Brooke Bogart

Keller Williams Realty East Valley License #SA643624000 Listed on: 04/17/2020

Last Buyer's Agent

Michon Javelosa

HomeSmart License #SA559454000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,306

Year Built

  • Built in 1973

Lot Details

  • 5,981 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,053 Sq Ft Home
  • 1-Story Property
  • Breakfast Bar

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 1 Carport Space

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Outdoor Storage
  • Property is near a bus stop

Listing and Financial Details

  • Legal Lot and Block 357 / 1012
  • Assessor Parcel Number 301-80-361

Community Details

Overview

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

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,306

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Baseline & Rural
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2020
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2020
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2019
  • Directions: North on Rural, West on Cornell. Home will be on right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: UNIVERSITY ROYAL
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Basement YN: No
  • Possible Use: Ranch, Farm
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 3/4 Bath Master Bdrm
  • Living Area: 1053.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Separate Workshop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Alley, Desert Front, Dirt Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Playground, Biking/Walking Path
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _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: 5981.0
  • Parcel #: 301-80-361

Building Info

  • Builder Name: NA

Tax Info

  • Tax Annual Amount: 1306.0
  • Tax Block: 1012
  • Tax Book Number: 301.00
  • Tax Lot: 357
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Jun 23, 2020
Sold by
Amerind Carrie L Rockwell and Amerind Greg J
Bought by
Gorla Jordan Thomas and Gorla Ann Maria
Seller's Agent
Brooke Bogart
Keller Williams Realty East Valley
Buyer's Agent
Michon Javelosa
HomeSmart
List Price
$278,000
Sold Price
$297,500
Premium/Discount to List
$19,500
7.01%
Current Estimated Value
$423,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,569
Avg. Annual Appreciation
7.16%
Original Mortgage
$292,111
Outstanding Balance
$258,934
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$168,761

Purchase Details

Listed on
Aug 30, 2014
Closed on
Sep 29, 2014
Sold by
Match Real Estate Llc
Bought by
Amerind Carrie L Rockwell and Amerind Greg J
Seller's Agent
John Gluch
eXp Realty
Buyer's Agent
Dave Westbrook
Real Broker
List Price
$179,900
Sold Price
$168,000
Premium/Discount to List
-$11,900
-6.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$172,032
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Closed on
Sep 23, 2009
Sold by
Vavra Brian G and Vavra Wendy A
Bought by
Match Real Estate Llc

Purchase Details

Closed on
Feb 4, 2009
Sold by
Garcia Brenda
Bought by
Vavra Brian G and Vavra Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,050
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2009
Sold by
Luna Jerry
Bought by
Garcia Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,050
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2005
Sold by
Garcia Brenda
Bought by
Luna Jerry and Garcia Brenda

Purchase Details

Closed on
Mar 28, 2004
Sold by
Luna Jerry R
Bought by
Garcia Brenda

Purchase Details

Closed on
Feb 8, 1999
Sold by
Juarez Benito and Diaz Reuben
Bought by
Luna Jerry Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,150
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1996
Sold by
Ochoa Virginia
Bought by
Juarez Benito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,489
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1996
Sold by
Coleman Thomas E and Coleman Patricia Ann
Bought by
Juarez Benito and Diaz Reuben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,489
Interest Rate
8.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gorla Jordan Thomas $297,500 Magnus Title Agency
Amerind Carrie L Rockwell $168,000 First American Title Ins Co
Match Real Estate Llc -- None Available
Vavra Brian G $131,500 The Talon Group Temepe Super
Garcia Brenda -- The Talon Group Tempe Supers
Luna Jerry -- --
Garcia Brenda -- --
Luna Jerry Raymond $94,000 Grand Canyon Title Agency In
Juarez Benito -- Stewart Title & Trust
Juarez Benito $85,200 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorla Jordan Thomas $292,111
Previous Owner Amerind Carrie L Rockwell $172,032
Previous Owner Vavra Brian G $92,050
Previous Owner Luna Jerry Raymond $91,150
Previous Owner Juarez Benito $84,489
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $297,500 0.0% $283 / Sq Ft
05/11/2020 05/11/20 Pending -- -- --
05/10/2020 05/10/20 Off Market $297,500 -- --
05/01/2020 05/01/20 For Sale $278,000 -6.6% $264 / Sq Ft
04/19/2020 04/19/20 Off Market $297,500 -- --
04/16/2020 04/16/20 For Sale $278,000 +65.5% $264 / Sq Ft
10/24/2014 10/24/14 Sold $168,000 -3.7% $160 / Sq Ft
09/19/2014 09/19/14 Price Changed $174,500 -3.0% $166 / Sq Ft
08/29/2014 08/29/14 For Sale $179,900 -- $171 / 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 $1,269 $14,788 -- --
2024 $1,415 $14,083 -- --
2023 $1,415 $29,300 $5,860 $23,440
2022 $1,351 $21,650 $4,330 $17,320
2021 $1,378 $19,630 $3,920 $15,710
2020 $1,332 $17,000 $3,400 $13,600
2019 $1,306 $15,750 $3,150 $12,600
2018 $1,271 $13,810 $2,760 $11,050
2017 $1,232 $12,250 $2,450 $9,800
2016 $1,226 $11,000 $2,200 $8,800
2015 $1,185 $10,450 $2,090 $8,360
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brooke Bogart

    Keller Williams Realty East Valley

  • Michon Javelosa

    Buyer's Agent in 2020

    Michon Javelosa

    HomeSmart

    (520) 631-3077

    4 Total Sales

    Michon Javelosa
    Section Image
  • John Gluch

    Seller's Agent in 2014

    John Gluch

    eXp Realty

    (480) 405-5625

    5 in this area

    560 Total Sales

    John Gluch
    Section Image
  • Dave Westbrook

    Buyer's Agent in 2014

    Dave Westbrook

    Real Broker

    (602) 980-0556

    42 Total Sales

    Dave Westbrook
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6066656

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-80-361

Arizona Maricopa County Tempe 85283 The Lakes

724 E Cornell Dr, Tempe, AZ

This home is located at 724 E Cornell Dr, Tempe, AZ 85283 since 17 April 2020 and is currently estimated at $427,695, approximately $406 per square foot. This property was built in 1973. 724 E Cornell 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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