Downtown Tempe Luxury Urban - 525 Town Lake

By
Real Estate Agent with HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 SA585680000

525 Town Lake is a luxurious urban community, which offers live/work lifestyle in downtown Tempe AZ 85281.

Facts about 525 Town Lake:

  • Gated Community of 67 townhomes total
  • Seven Live/Work townhomes with business entrance from W. 1st street
  • All units have open floorplans with one or two bedrooms, two balconies and tandem 2-car garages
  • Sixteen units have views of Tempe Town Lake
  • Built in 2006

There are five different floor plans, ranging from 1265 sq.ft. to 1,735 sq.ft.

  • 1265 sq.ft. - sixteen units
  • 1314 sq.ft. - fourteen units
  • 1493 sq.ft. - fourteen units
  • 1544 sq.ft. - sixteen units
  • 1735 sq.ft. - seven units

 

HOA fees in 2018 are $350 per month, and they cover pool and common area maintenance, water, sewer, garbage collection.

 

 

 

Currently there are three units offered for sale in 525 Town Lake.

Prices are ranging from $289,000 and $324,000 to $345,000 for the live/work unit. 

 

In 2017 there were 10 sales - the highest number of sales so far since 2007. The highest price was $350,000 for the largest model, and the lowest was $277,000 for the 1,493 sq.ft. model.

 

525 Town Lake is within walking distance to the Tempe Town Lake and Tempe Center for the Arts, to restaurants Culinary Dropout and the Lodge, to light rail, and to the vibrant Mill Avenue.

 

 

For current active listings in 525 Town Lake please click on the link.

 

 

 

Posted by

Steffy Hristova, MBA, SFR, CNE, Realtor®

HomeSmart Elite Group
Tel:  (480) 966-9353

10601  N. Hayden Rd. I-100
Scottsdale AZ 85260

                                                           http://www.talktosteffy.com                                                               

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Rainer
352,545
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Wow Steffy Hristova , $300,000 is a reasonable price.  I'm sure smart buyers will call you for more information on 525 Town Lake

Jan 22, 2018 08:09 PM #1
Rainmaker
421,603
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Jim Cheney , we still have prices in the $300K. This is a beautiful community! The choices under $200K are getting less and less, though. 

Jan 22, 2018 09:12 PM #2
Rainmaker
3,209,023
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Steffy what a great community, so hopefully buyers and sellers reach out to you to either sell or buy in this great community. Endre

Jan 22, 2018 10:18 PM #3
Rainmaker
3,297,598
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Steffy. Sounds like the kind of place I would consider. Enjoy your day!

Jan 23, 2018 04:00 AM #4
Rainmaker
421,603
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Endre Barath, Jr. , I was showing it to a potential Buyer, and always a good idea to take some photos. I noticed from the photos the exterior colors have been changed from 7 years ago. And the trees have grown and provide more shade. 

Jan 23, 2018 08:31 PM #5
Rainmaker
421,603
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Wayne Martin , if you like water, views of red rocks and modern structures, this place has all that, and more! Thanks for stopping by.

Jan 23, 2018 08:32 PM #6
Ambassador
1,866,289
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi think this lovely urban neighborhood has it all. Hope you sell a few of these in 2018, Steffy. 

Jan 26, 2018 12:12 PM #7
Rainmaker
421,603
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Thanks, Debb Janes EcoBroker and Bernie Stea JD , that would be wonderful. 

Jan 26, 2018 02:26 PM #8
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Rainmaker
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Steffy Hristova

Tempe AZ Realtor - Your Home Close to Your Work!
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