NOT LISTED FOR SALE

1072 E Louis Way Unit 12 Tempe, AZ 85284

South Tempe Neighborhood

Estimated Value: $408,689

2 Beds
2.5 Baths
1,405 Sq Ft
$291/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $390,000 $278 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,669/month

135 Days on Market

Highlights

  • Santa Barbara Architecture
  • End Unit
  • Community Pool
  • C I Waggoner School Rated A-
  • Private Yard
  • Eat-In Kitchen

About This Home

As of July 2024

BUYER FINANCING FELL THROUGH. Updated 2 bdrm, 2.5 bath Townhome with 2 car garage is located in a great South Tempe location and has a spacious floor plan with lots of windows and natural light. Living room features a fireplace, vaulted ceilings and a dry bar between living room and kitchen. New flooring throughout, fresh carpet in bedrooms and wood plank porcelain tile in the entry, living room, dining room and kitchen. Entire interior is freshly painted. All stainless-steel appliances in kitchen which includes a Brand new GE range and new stainless steel sink. Property is quiet and private with a gorgeous back courtyard. This home is near schools, parks, golf, shopping, 101 and 60 freeways and ASU is only 5 miles away.

Last Listed By

Liza Santy

Realty ONE Group License #SA537102000 Listed on: 01/04/2024

Realty ONE Group

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,746

Year Built

  • Built in 1986

Lot Details

  • 1,132 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Private Streets
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Private Yard

HOA Fees

  • $248 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,405 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Solar Screens
  • Living Room with Fireplace
  • Floors Updated in 2023

Kitchen

  • Kitchen Updated in 2023
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms

Outdoor Features

  • Patio

Schools

  • C I Waggoner Elementary School
  • Kyrene Middle School
  • Corona Del Sol High School

Utilities

  • Cooling System Updated in 2023
  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 301-51-748-A

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • Metro Property Serv Association, Phone Number (480) 967-7182
  • Terramere Condominiums Phase 1 Subdivision

Recreation

  • Community Pool
  • Community Spa

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,746

Year Built

Built in 1986

Lot Details

0

HOA Fees

$248 per month

Parking

2

Listing Details

  • Cross Street: Rural & Elliot
  • 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: 248.0
  • Basement: N
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2023
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2023
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2023
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2023
  • Directions: East on Elliot from Rural to 2nd Terramere Entrance. Go to the back of the complex and then curve West to the property.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.03
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: TERRAMERE CONDOMINIUMS PHASE 1
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 248.0
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Upstairs, Eat-in Kitchen, Wet Bar, Pantry, Full Bth Master Bdrm, High Speed Internet
  • Living Area: 1405.0
  • Stories: 2
  • Window Features: Sunscreen(s)
  • Community Features:Community Pool: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Community Spa: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Patio, Private Street(s), Private Yard
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa, Community Pool
  • Association Fee: 248.0
  • Association Fee Frequency: Monthly
  • Association Name: Metro Property Serv
  • Phone: 480-967-7182
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 200.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Metro Property Serv
  • Association Fees:HOA Telephone4: 480-967-7182
  • Association Fees:Special Assessment HOA: Yes
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 450.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 472.0
  • Association Fees:Disclosure Fees HOA: 175.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fees:Special Assessment Amount Owed: 111.0
  • Association Fees:Special Assessment Frequency: Monthly
  • Association Fees:Payment Start Date: 2023-06-01
  • Association Fees:Payment End Date: 2026-06-01

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: C I Waggoner School
  • High School: Corona Del Sol High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Kyrene Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1132.0
  • Parcel #: 301-51-748-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1746.0
  • Tax Book Number: 301.00
  • Tax Lot: 12
  • Tax Map Number: 51.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jul 26, 2024
Sold by
Rkk Investments Llc
Bought by
Fathauer Christopher
Seller's Agent
Liza Santy
Realty ONE Group
Buyer's Agent
Douglas Royse
Keller Williams Realty East Valley
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Total Days on Market
135
Views
246
Current Estimated Value
$408,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,689
Avg. Annual Appreciation
4.67%
Original Mortgage
$312,000
Outstanding Balance
$310,694
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$93,068

Purchase Details

Closed on
Nov 30, 2018
Sold by
Kansal Rakesh K and Kansal Jeannette
Bought by
Rkk Investments Llc

Purchase Details

Closed on
Feb 12, 2013
Sold by
Saltz Michael F
Bought by
Saltz Michael F and Zaltz Jill P

Purchase Details

Closed on
Feb 2, 2006
Sold by
Alber Elizabeth A
Bought by
Kansal Rakesh K and Kansal Jeannette

Purchase Details

Closed on
Oct 26, 2004
Sold by
Gaffney Mary Jane
Bought by
Alber Elizabeth A

Purchase Details

Closed on
Jan 17, 2001
Sold by
Brockbank Maria
Bought by
Saltz Michael F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2000
Sold by
Adams Dwayne W
Bought by
Brockbank Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1998
Sold by
Kennedy Debra L
Bought by
Adams Dwayne W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.01%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Fathauer Christopher $390,000 Title Services Of The Valley
Rkk Investments Llc -- None Available
Saltz Michael F -- None Available
Kansal Rakesh K $245,000 Russ Lyon Title Llc
Alber Elizabeth A -- --
Saltz Michael F $135,500 Stewart Title & Trust
Brockbank Maria $115,100 --
Adams Dwayne W $121,900 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fathauer Christopher $312,000
Previous Owner Saltz Michael F $121,500
Previous Owner Adams Dwayne W $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $390,000 0.0% $278 / Sq Ft
06/08/2024 06/08/24 Price Changed $390,000 -2.5% $278 / Sq Ft
05/25/2024 05/25/24 For Sale $400,000 0.0% $285 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $400,000 0.0% $285 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
02/25/2024 02/25/24 Price Changed $400,000 -5.9% $285 / Sq Ft
01/04/2024 01/04/24 For Sale $425,000 -- $302 / 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 $1,729 $16,932 -- --
2024 $1,746 $16,126 -- --
2023 $1,746 $28,960 $5,790 $23,170
2022 $1,665 $22,220 $4,440 $17,780
2021 $1,702 $20,220 $4,040 $16,180
2020 $1,665 $18,310 $3,660 $14,650
2019 $1,389 $16,830 $3,360 $13,470
2018 $1,343 $15,480 $3,090 $12,390
2017 $1,287 $15,060 $3,010 $12,050
2016 $1,305 $15,360 $3,070 $12,290
2015 $1,206 $13,850 $2,770 $11,080
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6645914

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-51-748A