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5903 South Palm Drive

5903 South Palm Drive, Tempe, AZ 85283
Property in Kiwanis Park
Sold Apr 05, 2021
$377,000
$50,000 by Truwest Credit Union
Mortgage
Sold Oct 18, 2016
$255,000
Local assessors in Tempe, AZ have categorized 5903 South Palm Drive as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 7,680 square feet. 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 5903 South Palm Drive has a total of 1,518 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 concrete block 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 asphalt. Lots of block 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, 5903 South Palm Drive sold most recently in Apr 1, 2021 for a total of $377,000. If you work out the math, that's approximately a cost of $248.35 per sqft. Before that, the property was also sold for $255,000 in Sep 26, 2016. 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 $1,918 in taxes each year. 5903 South Palm Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $37,230. If we break it down further, the land itself was valued at $7,440. Improvements to the property, however, were assessed at a total of $29,790. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,680
  • Total Building Area: 1,518
  • Gross Building Area: 1,518
  • Building Area: 1,518
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,518
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY ROYAL UNIT 2
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY ROYAL UNIT 2 MCR 156-25

Ownership

  • Current Owner : BOTTI CHRISTOPHER L
  • Previous Owner : 5903 S PALM LLC
  • Owner Before Previous Owner: LABADIE RYAN D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 319902

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 15625
  • Parcel: 301-81-199
  • Lot: 541
  • Meridian: SEC 3 TWN 1S RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.3688
  • Longitude: -111.929

    Address

  • Full Address: 5903 S Palm Dr
  • Address - House Number: 5903
  • Street Direction: S
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Tempe
  • Carrier Code: C061
  • 4-Digit Zip Code: 2920
  • Zip Code: 85283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,918
  • Tax Rate Code Area: 031600

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 488,331
  • High Value: 559,166
  • Low Value: 417,496

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $50,000
  • First Open Lien Mortgage Lender: TRUWEST CREDIT UNION
  • First Open Lien Mortgage Recording Date: Sep 12, 2022
  • First Open Lien Mortgage Loan Amount: $50,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $372,300
  • Market Land Value: $74,400
  • Market Improvement Value: $297,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,230
  • Assessed Land Value: $7,440
  • Assessed Improvements Value: $29,790

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: Apr 05, 2021
  • Current Sale Transaction ID: 11828894454
  • Current Sale Price: $377,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210379522
  • Previous Sale Recording Date: Oct 18, 2016
  • Previous Sale Contract Date: Sep 26, 2016
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Apr 05, 2021
  • First Mortgage Loan Amount: $370,171
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

About Kiwanis Park



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Frequently Asked Questions

What neighborhood is 5903 South Palm Drive located in?
The 5903 South Palm Drive is a located in the neighborhood of Kiwanis Park in Kiwanis Park, Tempe.
What is the average sales price for listings in 5903 South Palm Drive?
The average sales price for units in 5903 South Palm Drive is $0 currently.

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