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7851 South Palm Drive

7851 South Palm Drive, Tempe, AZ 85284
Property in Raintree
Sold Feb 20, 2018
$515,000
$270,000 by Loandepot.com Llc
Mortgage Due Mar 01, 2048
Sold Feb 17, 2000
$341,732
$230,000 by Washington Mutual Bank Fa
Mortgage Due Mar 01, 2030
Local assessors in Tempe, AZ have categorized 7851 South Palm Drive as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 9,958 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7851 South Palm Drive has a total of 3,754 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. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a portico porch (a porch you can drive under) and a unknown so you'll have great options in both the front and 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 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 concrete. 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, 7851 South Palm Drive was last sold in Feb 12, 2018 for $515,000. According to our calculations, that's $137.19 per sqft. Prior to that sales transaction, the property was sold for $341,732 in Jun 29, 1999. Current property owners are expected to pay $5,919 in taxes per year. The property on 7851 South Palm Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $67,030. To break that down further, the land itself was valued at $13,400. While improvements to the property were assessed at a total of $53,630. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Porch Type: Portico (drive under)
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,958
  • Total Building Area: 3,754
  • Gross Building Area: 3,754
  • Building Area: 3,754
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,754
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COVENTRY TEMPE
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COVENTRY TEMPE MCR 429-11

Ownership

  • Current Owner : LEE KO FUI
  • Current Owner 2: LIN YANDI
  • Previous Owner : CUEVAS EDGAR
  • Previous Owner 2: CUEVAS OLGA
  • Owner Before Previous Owner: DEL WEBBS COVENTRY HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 319910

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: 42911
  • Parcel: 308-15-002
  • Lot: 2
  • Meridian: SEC 15 TWN 1S RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.3457
  • Longitude: -111.929

    Address

  • Full Address: 7851 S Palm Dr
  • Address - House Number: 7851
  • Street Direction: S
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Tempe
  • Carrier Code: C037
  • 4-Digit Zip Code: 1464
  • Zip Code: 85284

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,919
  • Tax Rate Code Area: 281600

    Appraisal Valuation

  • Standard Deviation: 0.1454
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 985,498
  • High Value: 1,128,832
  • Low Value: 842,165

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $580,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Feb 20, 2018
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2048
  • Second Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • Second Open Lien Mortgage Recording Date: May 30, 2019
  • Second Open Lien Mortgage Loan Amount: $310,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Market Valuation

  • Market Total Value: $670,300
  • Market Land Value: $134,000
  • Market Improvement Value: $536,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,030
  • Assessed Land Value: $13,400
  • Assessed Improvements Value: $53,630

    Sales

  • Current Sale Contract Date: Feb 12, 2018
  • Current Sale Recording Date: Feb 20, 2018
  • Current Sale Transaction ID: 11406739266
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180125445
  • Previous Sale Recording Date: Feb 17, 2000
  • Previous Sale Contract Date: Jun 29, 1999
  • Previous Sale Amount: $341,732
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Feb 20, 2018
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Feb 17, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $230,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2030

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Frequently Asked Questions

What neighborhood is 7851 South Palm Drive located in?
The 7851 South Palm Drive is a located in the neighborhood of Raintree in Raintree, Tempe.
What is the average sales price for listings in 7851 South Palm Drive?
The average sales price for units in 7851 South Palm Drive is $0 currently.

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