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515 East Dunbar Drive

515 East Dunbar Drive, Tempe, AZ 85282
Property in Maricopa
Sold May 24, 2022
$5,900,000
$4,800,000 by Artemis Realty Capital Advisor
Mortgage
Sold Feb 27, 1996
Transfer
Local assessors in Tempe, AZ have categorized 515 East Dunbar Drive as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 55,191 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 515 East Dunbar Drive has a total of 17,420 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of concrete were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 515 East Dunbar Drive sold most recently in May 20, 2022 for a total of $5,900,000. If you work out the math, that's approximately a cost of $338.69 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,151 in taxes each year. 515 East Dunbar Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $346,310. If we break it down further, the land itself was valued at $69,260. Improvements to the property, however, were assessed at a total of $277,050. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 8
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Concrete
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 20
  • Business/Commerical Units Count: 20
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 55,191
  • Total Building Area: 17,420
  • Gross Building Area: 17,420
  • Building Area: 17,420
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 17,420
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLLEGE PARK 3
  • Land Acres: 1.267
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: COLLEGE PARK 3 MCR 135-33

Ownership

  • Current Owner : ACI-MONTARA LLLP
  • Previous Owner : HINTON/HYDE FAMILY TRUST
  • Owner Before Previous Owner: HUNSINGER JALMA W
  • Owner Before Previous Owner 2: HUNSINGER CAROLE K
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 319801

Zoning

  • Zoning: M-H

Geography

  • Assessors Map Reference: 13533
  • Subdivision Tract Number: G
  • Parcel: 133-41-603-C
  • Meridian: SEC 34 TWN 1N RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.3793
  • Longitude: -111.932

    Address

  • Full Address: 515 E Dunbar Dr
  • Address - House Number: 515
  • Street Direction: E
  • Address - Street Name: Dunbar
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Tempe
  • Carrier Code: C050
  • 4-Digit Zip Code: 6967
  • Zip Code: 85282

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,151
  • Tax Rate Code Area: 031600

    Appraisal Valuation

  • Standard Deviation: 0.2977
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 40
  • Final Value: 4,605,616
  • High Value: 5,977,152
  • Low Value: 3,234,079

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,800,000
  • First Open Lien Mortgage Lender: ARTEMIS REALTY CAPITAL ADVISOR
  • First Open Lien Mortgage Recording Date: May 24, 2022
  • First Open Lien Mortgage Loan Amount: $4,800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $3,463,100
  • Market Land Value: $692,600
  • Market Improvement Value: $2,770,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $346,310
  • Assessed Land Value: $69,260
  • Assessed Improvements Value: $277,050

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Transaction ID: 11888292361
  • Current Sale Price: $5,900,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 446825
  • Previous Sale Recording Date: Feb 27, 1996
  • Previous Sale Contract Date: Sep 12, 1978
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARTEMIS REALTY CAPITAL ADVISOR
  • First Mortgage Transaction Date: May 24, 2022
  • First Mortgage Loan Amount: $4,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Tempe



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Frequently Asked Questions

What neighborhood is 515 East Dunbar Drive located in?
The 515 East Dunbar Drive is a located in the neighborhood of Maricopa in Tempe, Tempe.
What is the average sales price for listings in 515 East Dunbar Drive?
The average sales price for units in 515 East Dunbar Drive is $0 currently.

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