NOT LISTED FOR SALE

510 W University Dr Unit 116 Tempe, AZ 85281

Riverside Neighborhood

Estimated Value: $368,000 - $442,000

3 Beds
2 Baths
1,081 Sq Ft
$135/mo HOA Fee

Last Sold March 19, 2019

Last sale price $205,000 $190 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $2,511/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • End Unit
  • Covered patio or porch
  • Property is near public transit
  • Heated Community Pool
  • Eat-In Kitchen

About This Home

As of March 2019

BEAUTIFUL TRUE 3bedroom/2bathroom ground floor condo in a great location right near ASU and tons of amazing shopping, dining, & entertaining! Original owners have taken impeccable care of this spotless unit. The property is perfect for almost everyone! Owner Occupants! Buy it for your kids to go to ASU! OR buy and lease it out too! It would be a tremendous investment property. NO carpet, ALL tile T/O, with a large great room and kitchen which features tons of cabinets, breakfast bar, as well as an eat-in dining area and all newer appliances. Property is very close to the community pool too!

Last Listed By

Marcy Murphy

Berkshire Hathaway HomeServices Arizona Properties License #SA548322000 Listed on: 02/15/2019

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,901

Year Built

  • Built in 2003 | Under Construction

Lot Details

  • End Unit
  • 1 Common Wall
  • Block Wall Fence

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,081 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Solar Screens
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

Parking

  • 1 Carport Space
  • Assigned Parking

Location

  • Unit is below another unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

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

Additional Features

  • No Interior Steps
  • Covered patio or porch

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 124-33-120

Community Details

Overview

  • Gerson Realty Association, Phone Number (480) 921-3332
  • Hermosa Place Condominiums Subdivision

Recreation

  • Heated Community Pool
  • Bike Trail

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,901

Year Built

Built in 2003 | Under Construction

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Cross Street: W University Dr & S Priest Dr
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 135.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2003
  • Tax Year: 2018
  • Directions: East on University to community on north side of street
  • Property Sub Type: Apartment Style/Flat
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: praz04
  • Co List Office Phone: 480-505-6300
  • Subdivision Name: HERMOSA PLACE CONDOMINIUMS
  • Architectural Style: Contemporary
  • New Construction: No
  • Efficiency: Sunscreen(s)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 135.0
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Walk-In Closet(s), Eat-in Kitchen, 9+ Flat Ceilings, Fire Sprinklers, No Interior Steps, Pantry, 3/4 Bath Master Bdrm, High Speed Internet
  • Living Area: 1081.0
  • Stories: 2
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, Neighbor Above, End Unit
  • Construction Type: Painted, Stucco, Frame - Wood
  • Property Condition: Under Construction
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Construction Status:Under Construction: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Stacked Washer/Dryer, Washer Included
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Pool, Biking/Walking Path
  • Amenities: Management
  • Association Fee Frequency: Monthly
  • Association Name: Hermose Place
  • Phone: 480-921-3332
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Hermose Place
  • Association Fees:HOA Telephone4: 480-921-3332
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Gerson Realty
  • Association Fees:HOA Management Phone: 480-921-3332
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1085.0
  • Parcel #: 124-33-120
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1901.0
  • Tax Book Number: 124.00
  • Tax Lot: 116
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Feb 22, 2019
Sold by
Lu Tzu Yi and Liu Che Hung
Bought by
Liu Che Hung
Seller's Agent
Marcy Murphy
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Ester Kuo
Realty ONE Group
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%
Total Days on Market
5
Current Estimated Value
$393,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,544
Avg. Annual Appreciation
11.26%
Original Mortgage
$146,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2004
Sold by
Agi Investors Llc
Bought by
Dinno Peter J and Dinno Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

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
Liu Che Hung -- First American Title Ins Co
Liu Che Hung $205,000 First American Title Ins Co
Dinno Peter J $187,900 Dhi Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Che Hung $155,300
Closed Liu Che Hung $150,000
Closed Liu Che Hung $146,250
Previous Owner Dinno Peter J $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2019 03/19/19 Sold $205,000 +2.5% $190 / Sq Ft
02/15/2019 02/15/19 For Sale $200,000 -- $185 / 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 $2,148 $19,173 -- --
2024 $2,122 $18,260 -- --
2023 $2,122 $22,620 $4,520 $18,100
2022 $2,035 $18,560 $3,710 $14,850
2021 $2,049 $17,530 $3,500 $14,030
2020 $1,987 $16,880 $3,370 $13,510
2019 $1,949 $15,630 $3,120 $12,510
2018 $1,901 $15,920 $3,180 $12,740
2017 $1,844 $15,220 $3,040 $12,180
2016 $1,831 $15,170 $3,030 $12,140
2015 $1,759 $14,060 $2,810 $11,250
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884103

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-120