NOT LISTED FOR SALE

731 E Cornell Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $431,987 - $469,000

3 Beds
2 Baths
1,308 Sq Ft
$348/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $234,750 $179 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,515/month

5 Days on Market

Highlights

  • 0.17 Acre Lot
  • No HOA
  • Double Pane Windows
  • Granite Countertops
  • Covered Patio or Porch
  • No Interior Steps

About This Home

As of April 2017

Come see this beautifully updated home! A brand new roof last month and new exterior paint. You will love the updated kitchen with granite countertops and stainless steel appliances. It has been meticulously maintained inside and out. The laundry room is a couple steps from the back door and nicely finished so it isn't scary. You will enjoy the nice, green backyard with fire pit and covered patio. This home is close to Kiwanis park and lighted walking paths.

Last Agent to Sell the Property

Jo Ellen L. Layton

HomeSmart License #SA025976000 Listed on: 03/16/2017

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1973

Lot Details

  • 7,261 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • 1,308 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 1 Carport Space

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 408
  • Assessor Parcel Number 301-80-412

Community Details

Overview

  • No Home Owners Association
  • University Royal Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,644

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Rural and Guadalupe
  • Legal Info Range: 4E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2011
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2006
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2010
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2007
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2017
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2016
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.17
  • Subdivision Name: UNIVERSITY ROYAL
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 179.47
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: No Interior Steps, 3/4 Bath Master Bdrm, Granite Counters
  • Living Area: 1308.0
  • Stories: 1
  • Window Features: Vinyl Frame, Double Pane Windows, Low Emissivity Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Alley, Desert Front, Gravel/Stone Back, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Siding, Block, Frame - Wood, Slump Block
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 3.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Other, Washer Included, See Remarks
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: 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 Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Schools

  • Elementary School: Aguila Elementary School
  • High School: Marcos De Niza High School
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7261.0
  • Parcel #: 301-80-412
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1644.0
  • Tax Book Number: 301.00
  • Tax Lot: 408
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2024
Sold by
Waxman Daniel A and Waxman Cayla L
Bought by
Waxman Samuel R
Current Estimated Value
$454,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$327,015
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$127,982

Purchase Details

Closed on
Nov 3, 2020
Sold by
Waxman Daniel A and Waxman Cayla L
Bought by
Waxman Daniel A and Waxman Cayla L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2020
Sold by
Waxman Michael L and Waxman Daniel A
Bought by
Waxman Daniel A and Waxman Cayla L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2017
Closed on
Apr 20, 2017
Sold by
Waxman Andrea J and Waxman Michael L
Bought by
Waxman Michael L
Seller's Agent
Jo Ellen L. Layton
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$242,000
Sold Price
$234,750
Premium/Discount to List
-$7,250
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$176,062
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2017
Closed on
Apr 7, 2017
Sold by
Mclain Iii Robert F and Mclain Robert F
Bought by
Waxman Daniel A
Seller's Agent
Jo Ellen L. Layton
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$242,000
Sold Price
$234,750
Premium/Discount to List
-$7,250
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,062
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2000
Sold by
Mclain Aura M
Bought by
Mclain Robert F

Purchase Details

Closed on
Aug 8, 1997
Sold by
Hud
Bought by
Mclain Robert F and Mclain Aura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,045
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 1997
Sold by
Sutton Constance E
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Waxman Samuel R $415,000 Security Title Agency
Waxman Michael L -- Security Title Agency
Waxman Daniel A -- None Listed On Document
Waxman Daniel A -- First American Title Ins Co
Waxman Michael L -- None Available
Waxman Daniel A -- None Available
Waxman Daniel A -- Great American Title Agency
Mclain Robert F -- --
Mclain Robert F -- First Southwestern Title
Hud -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waxman Michael L $332,000
Previous Owner Waxman Daniel A $170,000
Previous Owner Waxman Daniel A $176,062
Previous Owner Mclain Robert F $102,045
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2017 04/14/17 Sold $234,750 -3.0% $179 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $242,000 -- $185 / 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 $1,653 $17,215 -- --
2024 $1,647 $16,395 -- --
2023 $1,647 $32,460 $6,490 $25,970
2022 $1,573 $24,060 $4,810 $19,250
2021 $1,604 $21,920 $4,380 $17,540
2020 $1,550 $19,210 $3,840 $15,370
2019 $1,521 $17,900 $3,580 $14,320
2018 $1,480 $15,810 $3,160 $12,650
2017 $1,434 $14,120 $2,820 $11,300
2016 $1,644 $12,930 $2,580 $10,350
2015 $1,579 $12,210 $2,440 $9,770
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5575791

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-80-412

Arizona Maricopa County Tempe 85283 The Lakes

731 E Cornell Dr, Tempe, AZ

Not Listed for Sale

Detached

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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