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20531 West Terrace Lane

20531 West Terrace Lane, Buckeye, AZ 85396
Property in Verrado
Sold Jul 09, 2021
$445,000
$445,000 by Navy Fcu
Mortgage Due Aug 01, 2051
Sold Aug 11, 2016
$259,224
$254,528 by Lhm Financial Corp
Mortgage Due Sep 01, 2046
20531 West Terrace Lane in Buckeye, AZ was first built in 2016 and is 8 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 20531 West Terrace Lane has 2,514 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,055 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of concrete. Water for the property is sourced from a water system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with a refrigeration air conditioning system. As for heating, the home is utilizing a heating system. The property was last sold in Jul 7, 2021 for $445,000. That's $177.01 per sqft. Prior to that sales transaction, the property was also sold in Jul 13, 2016 for $259,224. 20531 West Terrace Lane was last assessed in 2023. The total value of the property was assessed at $34,880. Specifically, the land the property is located on was valued at $6,970. While improvements on the property were assessed at a total of $27,910. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,186. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,055
  • Total Building Area: 2,514
  • Gross Building Area: 2,514
  • Building Area: 2,514
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,514
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VERRADO PARCEL 4.807 AMD
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VERRADO PARCEL 4.807 AMD MCR 1254-09

Ownership

  • Current Owner : BELURGI FRANK J
  • Current Owner 2: BELURGI LAURA
  • Previous Owner : MARIN PEDRO
  • Previous Owner 2: MARIN RAQUEL
  • Owner Before Previous Owner: PINNACLE WEST HOMES V-82 LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Litchfield Elementary District
  • Census Tract: 050618

Zoning

  • Zoning: PAD

Geography

  • Assessors Map Reference: 76043
  • Parcel: 502-80-246
  • Lot: 724
  • Meridian: SEC 30 TWN 2N RNG 2W
  • Municipality: BUCKEYE
  • Latitude: 33.4803
  • Longitude: -112.501

    Address

  • Full Address: 20531 W Terrace Ln
  • Address - House Number: 20531
  • Street Direction: W
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Buckeye
  • Carrier Code: R034
  • 4-Digit Zip Code: 7733
  • Zip Code: 85396

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,186
  • Tax Rate Code Area: 790201

    Appraisal Valuation

  • Standard Deviation: 0.1478
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 546,194
  • High Value: 626,961
  • Low Value: 465,427

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $445,000
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Jul 09, 2021
  • First Open Lien Mortgage Loan Amount: $445,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $348,800
  • Market Land Value: $69,700
  • Market Improvement Value: $279,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,880
  • Assessed Land Value: $6,970
  • Assessed Improvements Value: $27,910

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Transaction ID: 11842152556
  • Current Sale Price: $445,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210752005
  • Previous Sale Recording Date: Aug 11, 2016
  • Previous Sale Contract Date: Jul 13, 2016
  • Previous Sale Amount: $259,224
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: Jul 09, 2021
  • First Mortgage Loan Amount: $445,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LHM FINANCIAL CORP
  • Previous Mortgage Transaction Date: Aug 11, 2016
  • Previous Mortgage Loan Amount: $254,528
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2046

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Frequently Asked Questions

What neighborhood is 20531 West Terrace Lane located in?
The 20531 West Terrace Lane is a located in the neighborhood of Verrado in Verrado, Buckeye.
What is the average sales price for listings in 20531 West Terrace Lane?
The average sales price for units in 20531 West Terrace Lane is $0 currently.

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