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538 East Balao Drive

538 East Balao Drive, Phoenix, AZ 85085
House in Desert View
Sold May 13, 2021
$475,000
$380,000 by Moria Development Inc
Mortgage Due Jun 01, 2051
Sold Dec 11, 2019
$382,998
$306,398 by Taylor Morrison Home Funding L
Mortgage Due Jan 01, 2050
Local assessors in Phoenix, AZ have categorized 538 East Balao Drive as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 6,299 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 538 East Balao Drive has a total of 1,758 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. 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 frame control joints. The building has a roof that is made of concrete. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system 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, 538 East Balao Drive sold most recently in May 7, 2021 for a total of $475,000. If you work out the math, that's approximately a cost of $270.19 per sqft. Before that, the property was also sold for $382,998 in Dec 9, 2019. 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 $2,232 in taxes each year. 538 East Balao Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $44,670. If we break it down further, the land itself was valued at $8,930. Improvements to the property, however, were assessed at a total of $35,740. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Condition

New Construction

Exterior

Stucco Exterior

Parking

Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,299
  • Total Building Area: 1,758
  • Gross Building Area: 1,758
  • Building Area: 1,758
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,758
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GATEWAY AT SONORAN PRESERVE
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GATEWAY AT SONORAN PRESERVE MCR 1274-41

Ownership

  • Current Owner : MAGRUDER MATTHEW JOSEPH
  • Current Owner 2: MAGRUDER KAREN JOHNSTON
  • Previous Owner : ASHBURN JONATHAN L
  • Previous Owner 2: ASHBURN NICOLE K
  • Owner Before Previous Owner: TM HOMES OF ARIZONA INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Deer Valley Unified District
  • Census Tract: 612402

Zoning

  • Zoning: R110

Geography

  • Assessors Map Reference: MB 127441
  • Parcel: 211-75-251
  • Lot: 248
  • Meridian: SEC 20 TWN 5N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.7669
  • Longitude: -112.067

    Address

  • Full Address: 538 E Balao Dr
  • Address - House Number: 538
  • Street Direction: E
  • Address - Street Name: Balao
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: R088
  • 4-Digit Zip Code: 7251
  • Zip Code: 85085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,232
  • Tax Rate Code Area: 971300

    Appraisal Valuation

  • Standard Deviation: 0.1307
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 628,695
  • High Value: 710,917
  • Low Value: 546,473

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: MORIA DEVELOPMENT INC
  • First Open Lien Mortgage Recording Date: May 13, 2021
  • First Open Lien Mortgage Loan Amount: $380,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $446,700
  • Market Land Value: $89,300
  • Market Improvement Value: $357,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,670
  • Assessed Land Value: $8,930
  • Assessed Improvements Value: $35,740

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Transaction ID: 11835937053
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210535758
  • Previous Sale Recording Date: Dec 11, 2019
  • Previous Sale Contract Date: Dec 09, 2019
  • Previous Sale Amount: $382,998
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORIA DEVELOPMENT INC
  • First Mortgage Transaction Date: May 13, 2021
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: TAYLOR MORRISON HOME FUNDING L
  • Previous Mortgage Transaction Date: Dec 11, 2019
  • Previous Mortgage Loan Amount: $306,398
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About Desert View



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Frequently Asked Questions

What neighborhood is 538 East Balao Drive located in?
The 538 East Balao Drive is a house located in the neighborhood of Desert View in Desert View, Phoenix.
What is the average sales price for listings in 538 East Balao Drive?
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