978 E Driftwood Dr Tempe, AZ 85283
The Lakes Neighborhood
3
Beds
2
Baths
2,156
Sq Ft
0.33
Acres
Highlights
- Fitness Center
- Waterfront
- Community Lake
- Rover Elementary School Rated A-
- 0.33 Acre Lot
- Clubhouse
About This Home
As of September 2023One of a kind one story Waterfront property on THE LAKES. Custom, open floor plan home on a third acre lot (6th largest waterfront lot in THE LAKES), with 4500 sq ft park like backyard and a meandering brick walkway to a cozy bricked patio and dock. The original owner has lovingly tended and improved this home over the years. Home has inviting shaded front courtyard, arched windows and a centerpiece see-through fireplace. The deft use of elevation in the dining and living rooms define spaces for sharing meals, music, reading or stimulating conversation in front of the fireplace. This home was designed for entertaining. The vaulted ceilings feel open and roomy. The spacious family room is perfect for gatherings, with the adjacent open kitchen, bar stool seating along the 12 ft counter and easy access to the large pergola covered back patio through glass doors. The breakfast nook, family room and main bedroom all look out over the expansive backyard and onto the lake. Professionally and intentionally landscaped with large shade trees, low voltage lighting and a Rachio Smart Controller. Steps away from acre sized resident park that's perfect for strolling or distance socializing with neighbors. The unique property location, at the southwest bend of the lake, provides sweeping views of 2 arms of the lake. This is a ONE OF KIND home that shows real pride of ownership.
Last Agent to Sell the Property
Susan Powers
Realty ONE Group License #SA576934000 Listed on: 07/25/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,910
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
- $105 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Garage Door Opener
Home Design
- 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
- Eat-In Kitchen
- Breakfast Bar
- Built-In Microwave
- Kitchen Island
- Laminate Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Schools
- Rover Elementary School
- FEES College Preparatory Middle School
- Marcos De Niza High School
Utilities
- Refrigerated Cooling System
- Heating Available
- High Speed Internet
- Cable TV Available
Additional Features
- Covered patio or porch
- 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) 838-3274
- The Lakes Subdivision
- Community Lake
Amenities
- Clubhouse
- Recreation Room
Recreation
- Tennis Courts
- Racquetball
- Community Playground
- Fitness Center
- Heated Community Pool
- Community Spa
- Bike Trail
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
23
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
$276,207
Avg. Annual Appreciation
8.77%
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 Tempe, AZ
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $535,000 | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $282,000 | New Conventional |
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
247 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: 6108164
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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