NOT LISTED FOR SALE

522 W 1st St Unit 105 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $537,830 - $674,000

2 Beds
2.5 Baths
1,735 Sq Ft
$349/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2015

Last sale price $325,000 $187 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,631 / mo

Highlights

  • Gated Community
  • Community Lake
  • Property is near public transit and bus stop
  • Mountain View
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of May 2022

Real estate zoned ''Live/work'' is hard to find in Arizona. So, if you've been searching for a place to run your business mere steps away from where you live, look no further! 525 Town Lake boasts only 7 Live/Work condominiums. Perfect for any small business owner, this Live/Work unit faces 1st Street and includes a walk-up glass storefront style office space. (The office also includes a half bathroom.) The living space above is some of Tempe Town Lake's finest. The 2 bedroom (2nd bed is Loft) includes 2 bathrooms. (2.5 Baths total) Granite countertops, Stainless Steel appliances, lush cherry color hardwood flooring, exposed ductwork, surround-sound pre-wire, tandum 2 car garage w/ plenty of room for extra storage, and multiple large patios! Near Mill Ave, Tempe Town Lake & light rail!

Last Agent to Rent the Property

Tom Tokoph

Urban Realty & Development, LLC Brokerage Phone: 602-549-9000 License #BR114305000 Listed on: 04/11/2022

Last Renter's Agent

Tom Tokoph

Urban Realty & Development, LLC Brokerage Phone: 602-549-9000 License #BR114305000 Listed on: 04/11/2022

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2006

Lot Details

  • 952 Sq Ft Lot
  • 1 Common Wall
  • Private Streets
  • Wrought Iron Fence
  • Block Wall Fence
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Tandem Garage

Home Design

  • Contemporary Architecture
  • Brick Veneer
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 1,735 Sq Ft Home
  • 3-Story Property
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms
  • Double Vanity

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Location

  • Property is near public transit and bus stop

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe Academy Of International Studies Mckemy Campus High School

Utilities

  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Property Available on 4/15/22
  • $45 Move-In Fee
  • Rent includes water, sewer, garbage collection
  • 12-Month Minimum Lease Term
  • $45 Application Fee
  • Tax Lot 9-5
  • Assessor Parcel Number 124-24-237

Community Details

Overview

  • Property has a Home Owners Association
  • Tri City Prop Mgmt Association, Phone Number (480) 844-2224
  • Built by Pulte
  • 525 Town Lake Condominium Subdivision
  • Community Lake

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Year Built

Built in 2006

Lot Details

952 Sq Ft Lot

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: Water, Sewer, Garbage Collection
  • Available Date: 2022-04-15

Listing Details

  • Cross Street: Rio Salado Parkway & Lakeside Drive
  • Legal Info Range: 4E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Rental Info H O A Name: Tri-City Prop Mgmt
  • Non Assistive Animals: Lessor Approval
  • Rental Info Rental Tax Percent: 1.8
  • Initial Move In Costs Application Fee: 45.0
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: 525 TOWN LAKE CONDOMINIUM
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Construction Brick: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Water Source City Water2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1735.0
  • Stories: 3
  • Community Features:Community Pool: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Built-in BBQ, Balcony, Private Street(s)
  • Lot Features: Grass Front
  • View: Mountain(s)
  • Disclosures: None
  • Common Walls: 1 Common Wall
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted, Brick
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Other
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Built-in BBQ2: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Tandem Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Gated, Community Spa Htd, Community Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Association Name: Tri-City Prop Mgmt
  • Phone: 480-844-2224
  • Association: Yes
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe Academy Of International Studies McKemy Campus
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size Sq Ft: 952.0
  • Parcel #: 124-24-237

Building Info

  • Builder Name: Pulte

Tax Info

  • Tax Book Number: 124.00
  • Tax Lot: 9-5
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2014
Closed on
Apr 29, 2015
Sold by
Gaffney John and Blatchley Virginia
Bought by
Starone Holdings Lllp
Seller's Agent
Tom Tokoph
Urban Realty & Development, LLC
Buyer's Agent
Tom Tokoph
Urban Realty & Development, LLC
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%
Current Estimated Value
$603,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,017
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Mar 8, 2007
Sold by
Pulte Home Corp
Bought by
Gaffney John and Blatchley Virginia
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
Starone Holdings Lllp $325,000 First American Title Ins Co
Gaffney John $503,084 Sun Title Agency Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2022 05/15/22 Rented $2,995 0.0% --
05/02/2022 05/02/22 Under Contract -- -- --
04/11/2022 04/11/22 For Rent $2,995 +33.1% --
10/15/2016 10/15/16 Rented $2,250 -10.0% --
09/28/2016 09/28/16 Under Contract -- -- --
07/26/2016 07/26/16 For Rent $2,500 0.0% --
08/15/2015 08/15/15 Rented $2,500 0.0% --
08/13/2015 08/13/15 Off Market $2,500 -- --
06/08/2015 06/08/15 For Rent $2,500 0.0% --
05/04/2015 05/04/15 Sold $325,000 -9.5% $187 / Sq Ft View Prior Sale
04/24/2015 04/24/15 Pending -- -- --
02/27/2015 02/27/15 Price Changed $359,000 -2.7% $207 / Sq Ft
01/05/2015 01/05/15 Price Changed $369,000 -1.6% $213 / Sq Ft
11/14/2014 11/14/14 For Sale $375,000 -- $216 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $4,593 $38,320 -- --
2024 $3,776 $36,699 -- --
2023 $3,776 $43,013 $8,596 $34,417
2022 $3,629 $37,311 $7,456 $29,855
2021 $3,728 $35,455 $7,091 $28,364
2020 $3,605 $33,822 $6,762 $27,060
2019 $3,536 $33,012 $6,598 $26,414
2018 $3,442 $33,132 $6,620 $26,512
2017 $3,336 $29,712 $5,940 $23,772
2016 $3,318 $28,441 $5,688 $22,753
2015 $3,207 $27,914 $5,576 $22,338
Source: Public Records

Agents Affiliated with this Home

  • Tom Tokoph

    Landlord's Agent in 2022

    Tom Tokoph

    Urban Realty & Development, LLC

    (480) 829-1000

    19 in this area

    25 Total Sales

    Tom Tokoph
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6382080

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-237

Arizona Maricopa County Tempe 85281 Downtown Tempe

522 W 1st St Unit 105, Tempe, AZ

Not Listed for Sale

Townhouses

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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