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5532 North 5th Lane

5532 North 5th Lane, Phoenix, AZ 85013
Townhouse in La Colonia Solana
Sold Jun 02, 2020
$365,000
$219,000 by Fairway Independent Mortgage C
Mortgage Due Jul 01, 2050
Sold Oct 10, 2008
$225,000
$180,000 by Grace Galler
Mortgage
Local assessors in Phoenix, AZ have categorized 5532 North 5th Lane 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 3,476 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 5532 North 5th Lane has a total of 1,717 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 carport 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. 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 frame 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 - B. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of wood 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5532 North 5th Lane was last sold in May 29, 2020 for $365,000. According to our calculations, that's $212.58 per sqft. Prior to that sales transaction, the property was sold for $225,000 in Sep 12, 2008. Current property owners are expected to pay $2,320 in taxes per year. The property on 5532 North 5th Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $40,710. To break that down further, the land itself was valued at $8,140. While improvements to the property were assessed at a total of $32,570. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Wood
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,476
  • Total Building Area: 1,717
  • Gross Building Area: 1,717
  • Building Area: 1,717
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,717
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LA COLONIA SOLANA
  • Land Acres: 0.08
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LA COLONIA SOLANA MCR 142-42

Ownership

  • Current Owner : AHLGRIM TIMOTHY ALLEN
  • Current Owner 2: AHLGRIM BONNIE
  • Previous Owner : TERREL MARK R
  • Owner Before Previous Owner: TURNER CAROL J
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 107500

Zoning

  • Zoning: M-M

Geography

  • Assessors Map Reference: 14242
  • Parcel: 162-29-088
  • Lot: 5
  • Meridian: SEC 17 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.5172
  • Longitude: -112.081

    Address

  • Full Address: 5532 N 5th Ln
  • Address - House Number: 5532
  • Street Direction: N
  • Address - Street Name: 5th
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C018
  • 4-Digit Zip Code: 1810
  • Zip Code: 85013

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,320
  • Tax Rate Code Area: 381300

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 74
  • Final Value: 540,686
  • High Value: 644,557
  • Low Value: 436,815

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $219,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jun 02, 2020
  • First Open Lien Mortgage Loan Amount: $219,000
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $407,100
  • Market Land Value: $81,400
  • Market Improvement Value: $325,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,710
  • Assessed Land Value: $8,140
  • Assessed Improvements Value: $32,570

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jun 02, 2020
  • Current Sale Transaction ID: 11763230740
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200473097
  • Previous Sale Recording Date: Oct 10, 2008
  • Previous Sale Contract Date: Sep 12, 2008
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jun 02, 2020
  • First Mortgage Loan Amount: $219,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GRACE GALLER
  • Previous Mortgage Transaction Date: Oct 10, 2008
  • Previous Mortgage Loan Amount: $180,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 5532 North 5th Lane located in?
The 5532 North 5th Lane is a townhouse located in the neighborhood of La Colonia Solana in Alhambra, Phoenix.
What is the average sales price for listings in 5532 North 5th Lane?
The average sales price for units in 5532 North 5th Lane is $0 currently.

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