NOT LISTED FOR SALE

978 E Driftwood Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $752,000 - $876,639

3 Beds
2 Baths
2,156 Sq Ft
$375/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $888,000 $412 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,731/month

47 Days on Market

Highlights

  • Fitness Center
  • Waterfront
  • Community Lake
  • Gated Community
  • 0.33 Acre Lot
  • Contemporary Architecture

About This Home

As of September 2023

STUNNING WATERFRONT HOME w/ PRIVATE LAKE ACCESS! This lovely ONE-LEVEL home sits on 1/3 ACRE waterfront lot in The LAKES community! Enjoy Amazing LAKE VIEW from SUNRISE to SUNSET from your NEW PRIVATE DOCK! Cruise the lake in your own electric pontoon boat! Entertain family and friends in the large grassy backyard and relax under the mature trees! Home features open floor plan, vaulted ceilings, 3 sliding doors to the backyard, plus major updates has been done! New AC & new water heater, NEW kitchen with high-end cabinets & SS appliances and HUGE island with marble countertop. New master bathroom with ZERO edge stroll-in shower and double vanities, & new luxury plank flooring. Enjoy abundant amenities The Lakes offers (pool and pickleball + easy access to freeway 60/101, shopping/ASU.

Last Agent to Sell the Property

Maggie Wu

Realty ONE Group License #SA656100000 Listed on: 06/28/2023

Last Buyer's Agent

Chris Bowers

eXp Realty License #SA563853000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,099

Year Built

  • Built in 1976

Lot Details

  • 0.33 Acre Lot
  • Waterfront
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $112 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,156 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Two Way Fireplace
  • Double Pane Windows
  • Solar Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Playground

Schools

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

Utilities

  • Cooling System Updated in 2021
  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near bus stop

Listing and Financial Details

  • Tax Lot 148
  • Assessor Parcel Number 301-02-681

Community Details

Overview

  • Association fees include ground maintenance
  • The Lakes Association, Phone Number (480) 838-1023
  • Lakes Tract D3 Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Racquetball
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,099

Year Built

Built in 1976

Lot Details

0

HOA Fees

$112 per month

Parking

2

Listing Details

  • Cross Street: Rural & Southshore
  • 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: 111.67
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2020
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2020
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2021
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1976
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.33
  • Subdivision Name: LAKES TRACT D3
  • Architectural Style: Contemporary, Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 411.87
  • Association Fees:HOA Fee2: 335.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Two Way Fireplace: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: Two Way Fireplace, Family Room, Living Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Physcl Chlgd (SRmks), Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 2156.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:HandballRacquetball: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Other, Block
  • Exterior Features: Playground, Private Yard
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Block
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Racquetball, Lake, Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Tennis Court(s), Playground, Biking/Walking Path, Fitness Center
  • Association Fee: 335.0
  • Association Fee Frequency: Quarterly
  • Association Name: The Lakes
  • Phone: 480-838-1023
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: The Lakes
  • Association Fees:Special Assessment HOA: No
  • 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: 14501.0
  • Parcel #: 301-02-681

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 4099.0
  • Tax Book Number: 301.00
  • Tax Lot: 148
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 9, 2020
Sold by
Ray Mcelrath Timothy and Ray David Mcelrath
Bought by
Norman Johnson and Norman Oxana Johnson
Seller's Agent
Susan Powers
Realty ONE Group
Buyer's Agent
Ramona Panicci
West USA Realty
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Current Estimated Value
$809,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,160
Avg. Annual Appreciation
8.09%
Original Mortgage
$282,000
Outstanding Balance
$228,999
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$580,161

Purchase Details

Closed on
Sep 10, 1998
Sold by
Mcelrath Stanley Ray and Mcelrath Patricia Joan
Bought by
Mcelrath Stanley Ray and Mce Patricia Joan
Source: Public Records
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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 Johnson $535,000 Driggs Title Agency Inc
Mcelrath Stanley Ray -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Johnson $282,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2023 09/19/23 Sold $888,000 -1.2% $412 / Sq Ft
08/08/2023 08/08/23 Price Changed $899,000 -2.3% $417 / Sq Ft
07/22/2023 07/22/23 Price Changed $920,000 -1.6% $427 / Sq Ft
06/28/2023 06/28/23 For Sale $935,000 +74.8% $434 / Sq Ft
09/11/2020 09/11/20 Sold $535,000 0.0% $248 / Sq Ft View Prior Sale
08/16/2020 08/16/20 Pending -- -- --
08/08/2020 08/08/20 Price Changed $535,000 -2.7% $248 / Sq Ft
07/24/2020 07/24/20 For Sale $550,000 -- $255 / 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 $4,706 $44,269 -- --
2024 $4,299 $42,161 -- --
2023 $4,299 $56,150 $11,230 $44,920
2022 $4,099 $41,060 $8,210 $32,850
2021 $4,132 $38,770 $7,750 $31,020
2020 $3,988 $37,610 $7,520 $30,090
2019 $3,910 $38,310 $7,660 $30,650
2018 $3,805 $36,300 $7,260 $29,040
2017 $3,687 $36,930 $7,380 $29,550
2016 $3,669 $38,100 $7,620 $30,480
2015 $3,548 $35,070 $7,010 $28,060
Source: Public Records

Agents Affiliated with this Home

  • Maggie Wu

    Seller's Agent in 2023

    Maggie Wu

    Realty One Group

    (480) 828-2010

    1 in this area

    56 Total Sales

    Maggie Wu
    Section Image
  • Chris Bowers

    Buyer's Agent in 2023

    Chris Bowers

    eXp Realty

    (623) 323-5354

    3 in this area

    218 Total Sales

    Chris Bowers
    Section Image

  • B

    Buyer Co-Listing Agent in 2023

    Brittini Bowers

    eXp Realty

    (602) 230-7600

    3 in this area

    157 Total Sales

    Brittini Bowers
    Section Image

  • S

    Seller's Agent in 2020

    Susan Powers

    Realty One Group

    Section Image
  • Ramona Panicci

    Buyer's Agent in 2020

    Ramona Panicci

    West USA Realty

    (602) 999-8697

    3 in this area

    47 Total Sales

    Ramona Panicci
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6574012

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-02-681

Arizona Maricopa County Tempe 85283 The Lakes

978 E Driftwood 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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