978 E Driftwood Dr Tempe, AZ 85283
The Lakes NeighborhoodEstimated Value: $695,000 - $880,607
3
Beds
2
Baths
2,156
Sq Ft
$370/Sq Ft
Est. Value
Highlights
- Fitness Center
- Gated Community
- 0.33 Acre Lot
- Rover Elementary School Rated A-
- Waterfront
- Community Lake
About This Home
As of September 2023STUNNING 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
Realty ONE Group License #SA656100000 Listed on: 06/28/2023
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 a 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 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%
Total Days on Market
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,402
Avg. Annual Appreciation
8.79%
Original Mortgage
$282,000
Outstanding Balance
$228,999
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$569,403
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $4,359 | $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
59 Total Sales
-
Chris Bowers
Buyer's Agent in 2023
Chris Bowers
eXp Realty
(623) 266-1939
3 in this area
248 Total Sales
-
Brittini Bowers
B
Buyer Co-Listing Agent in 2023
Brittini Bowers
eXp Realty
(602) 230-7600
3 in this area
179 Total Sales
-
Seller's Agent in 2020
Susan Powers
Realty One Group
(480) 220-3037
-
Ramona Panicci
Buyer's Agent in 2020
Ramona Panicci
West USA Realty
(602) 999-8697
5 in this area
46 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6574012
APN: 301-02-681
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.
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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