NOT LISTED FOR SALE

981 E Drake Dr Tempe, AZ 85283

South Tempe Neighborhood

Estimated Value: $603,000 - $680,000

Studio
4 Baths
2,518 Sq Ft
$252/Sq Ft Est. Value

About This Home

This home is located at 981 E Drake Dr, Tempe, AZ 85283 and is currently estimated at $634,539, approximately $252 per square foot. 981 E Drake Dr is a home located in Maricopa County with nearby schools including Kyrene de los Niños Elementary School, Kyrene del Norte School, and Kyrene Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2025
Sold by
Smith Steven R and Smith Jennie L
Bought by
Smith Living Trust and Smith
Current Estimated Value
$634,539

Purchase Details

Closed on
Dec 30, 1997
Sold by
Lee Chi Wei
Bought by
Smith Steven R and Smith Jennie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1995
Sold by
Marotz Mary H
Bought by
Lee Chi Wei and Chang Shen Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,750
Interest Rate
8.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Smith Living Trust -- None Listed On Document
Smith Steven R $181,000 Fidelity Title
Lee Chi Wei $167,500 Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Steven R $160,000
Previous Owner Lee Chi Wei $150,750
Source: Public Records

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 $3,735 $39,754 -- --
2024 $3,503 $37,860 -- --
2023 $3,503 $50,600 $10,120 $40,480
2022 $3,321 $39,370 $7,870 $31,500
2021 $3,450 $36,310 $7,260 $29,050
2020 $3,368 $34,850 $6,970 $27,880
2019 $3,262 $33,470 $6,690 $26,780
2018 $3,152 $31,650 $6,330 $25,320
2017 $3,022 $30,080 $6,010 $24,070
2016 $3,064 $30,880 $6,170 $24,710
2015 $2,831 $28,110 $5,620 $22,490
Source: Public Records

Map

Arizona Maricopa County Tempe 85283 South Tempe

981 E Drake Dr, Tempe, AZ

Not Listed for Sale

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