NOT LISTED FOR SALE

1111 W University Dr Unit 2016 Tempe, AZ 85281

Gililland Neighborhood

Estimated Value: $384,000 - $400,000

2 Beds
2 Baths
1,160 Sq Ft
$463/mo HOA Fee

Last Sold May 31, 2024

Last sale price $387,500 $334 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,832/month

43 Days on Market

Highlights

  • Fitness Center
  • Gated Parking
  • Two Primary Bathrooms
  • Unit is on the top floor
  • Gated Community
  • Contemporary Architecture

About This Home

As of May 2024

Awesome 2/2 split floor plan in the ''Vale''. This is the building that really started the revitalization of downtown tempe. Will Bruder designed, a nice bright open floor plan, close to campus, close to downtown Tempe. This community is approved for short term rentals for any investors looking for a great spot less than 5 min from the airport and in a truly Awesome centralized location! Easy to show!!

Last Listed By

Joshua Carlson

Gentry Real Estate License #SA569332000 Listed on: 02/17/2024

Gentry Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,020

Year Built

  • Built in 2005

Lot Details

  • 1 Common Wall
  • Wrought Iron Fence

HOA Fees

  • $463 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Designed by Will Bruder Architects
  • Contemporary Architecture
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 1,160 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Floors Updated in 2023
  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Updated in 2023
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Home Security

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Balcony
  • Covered patio or porch

Location

  • Unit is on the top floor
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2016
  • Assessor Parcel Number 124-61-194

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, front yard maint, trash, water, maintenance exterior
  • Associa Az Association, Phone Number (480) 892-5222
  • Vale Condominiums Subdivision

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,020

Year Built

Built in 2005

Lot Details

0

HOA Fees

$463 per month

Parking

2

Listing Details

  • Cross Street: University and Priest
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • Architect Architect: Will Bruder
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 463.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2023
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2023
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2023
  • Directions: Priest and University: Go east from Priest and building will be on the south side of the road. You can park in front of the building on university or around the east side parking lot.
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: VALE CONDOMINIUMS
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 463.0
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, No Interior Steps, Pantry, 2 Master Baths, Double Vanity, Full Bth Master Bdrm, High Speed Internet, Laminate Counters
  • Living Area: 1160.0
  • Stories: 3
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Spa: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio
  • Pool Features: None
  • Pool Private: No
  • Disclosures: None
  • Common Walls: 1 Common Wall, Neighbor Below, Neighbor Above
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener, Separate Strge Area, Assigned, Community Structure, Gated
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Community Structure: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Spa, Community Pool, Near Light Rail Stop, Near Bus Stop, Fitness Center
  • Amenities: Rental OK (See Rmks)
  • Association Fee: 463.0
  • Association Fee Frequency: Monthly
  • Association Name: The Vale Condominium
  • Phone: 480-892-5222
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: The Vale Condominium
  • Association Fees:HOA Telephone4: 480-892-5222
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 926.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Associa AZ
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

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

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 127.0
  • Parcel #: 124-61-194
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2020.0
  • Tax Book Number: 124.00
  • Tax Lot: 2016
  • Tax Map Number: 61.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
May 31, 2024
Sold by
Sksa Family Living Trust and Kotagiri Sanjay
Bought by
Smilovici Edan and Smilovici Oded
Seller's Agent
Joshua Carlson
Gentry Real Estate
Buyer's Agent
Laura Oman
West USA Realty
List Price
$399,000
Sold Price
$387,500
Premium/Discount to List
-$11,500
-2.88%
Total Days on Market
43
Views
77
Current Estimated Value
$395,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,426
Avg. Annual Appreciation
2.39%
Original Mortgage
$310,000
Outstanding Balance
$307,441
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$88,485

Purchase Details

Listed on
Aug 24, 2020
Closed on
Aug 3, 2020
Sold by
Lee Christopher J
Bought by
Kotagiri Sanjay and Aurangabadkar Shweta
Seller's Agent
Shane Tschida
ZENDOOR
Buyer's Agent
Shane Tschida
ZENDOOR
Sold Price
$1,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%

Purchase Details

Listed on
May 6, 2016
Closed on
Jun 22, 2016
Sold by
Pjaw Llc
Bought by
Lee Christopher J
Seller's Agent
Jane Wazny
Realty Executives
Buyer's Agent
Shinae Byun
DeLex Realty
List Price
$195,000
Sold Price
$210,000
Premium/Discount to List
$15,000
7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.37%
Original Mortgage
$168,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2009
Sold by
Wazny Philip Michael
Bought by
Pjaw Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2009
Sold by
Contreras Joel Stanley
Bought by
Wazny Philip Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2005
Sold by
Beck Marketing Llc
Bought by
Contreras Joel Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,553
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 25, 2005
Sold by
Beck Developments Llc
Bought by
Beck Marketing Llc

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
Smilovici Edan $387,500 First American Title Insurance
Kotagiri Sanjay $260,000 Old Republic Title Agency
Lee Christopher J $210,000 Equity Title Agency Inc
Pjaw Llc -- Accommodation
Wazny Philip Michael $155,000 American Title Service Agenc
Contreras Joel Stanley $292,162 --
Beck Marketing Llc $216,509 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smilovici Edan $310,000
Previous Owner Lee Christopher J $168,000
Previous Owner Wazny Philip Michael $116,250
Previous Owner Contreras Joel Stanley $281,500
Previous Owner Contreras Joel S $50,000
Previous Owner Contreras Joel Stanley $277,553
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $387,500 -1.9% $334 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $394,900 -1.0% $340 / Sq Ft
02/17/2024 02/17/24 For Sale $399,000 0.0% $344 / Sq Ft
10/01/2020 10/01/20 Rented $1,600 0.0% --
08/23/2020 08/23/20 For Rent $1,600 0.0% --
08/17/2020 08/17/20 Sold $260,000 -5.5% $224 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $275,000 -1.4% $237 / Sq Ft
06/11/2020 06/11/20 Price Changed $279,000 -2.1% $241 / Sq Ft
06/03/2020 06/03/20 For Sale $285,000 +35.7% $246 / Sq Ft
07/20/2016 07/20/16 Sold $210,000 0.0% $181 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
05/15/2016 05/15/16 Pending -- -- --
05/13/2016 05/13/16 Price Changed $210,000 +2.4% $181 / Sq Ft
05/09/2016 05/09/16 Price Changed $205,000 +5.1% $177 / Sq Ft
05/06/2016 05/06/16 For Sale $195,000 0.0% $168 / Sq Ft
05/01/2015 05/01/15 Rented $1,500 0.0% --
04/24/2015 04/24/15 Under Contract -- -- --
04/15/2015 04/15/15 For Rent $1,500 +11.1% --
04/13/2015 04/13/15 Rented $1,350 -15.6% --
04/12/2015 04/12/15 Under Contract -- -- --
03/29/2015 03/29/15 For Rent $1,600 +33.3% --
06/02/2012 06/02/12 Rented $1,200 0.0% --
05/12/2012 05/12/12 Under Contract -- -- --
05/01/2012 05/01/12 For Rent $1,200 -- --
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 $1,952 $18,249 -- --
2024 $2,020 $17,380 -- --
2023 $2,020 $26,730 $5,340 $21,390
2022 $1,937 $23,170 $4,630 $18,540
2021 $1,951 $21,080 $4,210 $16,870
2020 $1,644 $19,260 $3,850 $15,410
2019 $1,612 $17,580 $3,510 $14,070
2018 $1,569 $17,930 $3,580 $14,350
2017 $1,520 $17,610 $3,520 $14,090
2016 $1,743 $17,460 $3,490 $13,970
2015 $1,674 $15,560 $3,110 $12,450
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6665415

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-61-194