5520 S WAVERLY Way, Tempe, AZ 85283 (MLS# 6521814)

5520 S WAVERLY Way, Tempe, AZ 85283

$910,000

This house is located on The Island of The Lakes

Beautiful fire place in the middle of the two living spaces

2nd story balcony, can see the lake from here!

steps going down to the studio/workshop and the boat dock

Subdivision pictures from here to the end

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,809 Lot Size (sq. ft.): 10,197 Status: Closed

Current Price: $910,000 Last Modified: 4/29/2025

Description

Gorgeous Lake Life in the middle of Tempe! Beautiful home with tons of character & charm that will be hard to find elsewhere. Located on The Island of the Lakes with a large lot, boat dock, an additional workshop/studio (with its own sink, toilet and bi-fold door)that overlooks the lake, 4 bedrooms, 3 bathrooms, dining room, great room connected to another sitting room by a brick fireplace. Cul-de-sac lot, lake views from just about every room, beautifully paved driveway and fruit producing citrus trees all over the property. This truly is location x 3 with quick access to multiple freeways, shopping, entertainment, and ASU.

Supplements: Fantastic home that is waiting to be updated and made to be your own. Home was loved by the same family since 1992! These lake homes don't go on the market every day. You don't want to miss your chance at this rare gem in Tempe! Have your agent schedule a showing TODAY!

More Information MLS# 6521814

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Sold Price: $910,000 Status: Closed Current Price: $910,000 List Date: 2023-02-17

Location, Tax & Legal

Assessor's Map #: 2 Legal Description (Abbrev): LOT 17 LAKES TRACT B MCR 013346 Assessor's Parcel #: 168 Tax Municipality: Tempe Taxes: 5773 Map Code/Grid: S37 House Number: 5520 Compass: S Street Name: WAVERLY St Suffix: Way City/Town Code: Tempe State/Province: AZ Zip Code: 85283 Zip4: 2024 County Code: Maricopa Assessor Number: 301-02-168 Subdivision: LAKES TRACT B Tax Year: 2022

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Approx SQFT: 2809 Price/SqFt: 323.95 Approx Lot SqFt: 10197 Approx Lot Acres: 0.234 Horses: N Builder Name: Unknown Elementary School District: Tempe Elementary School District High School District: Tempe Union High School District Elementary School: Rover Elementary School Jr. High School: Fees College Preparatory Middle School High School: Marcos De Niza High School Community Pool Y/N: Yes Private Pool Y/N: Yes Fireplace YN: Yes Dwelling Type: Single Family Residence Exterior Stories: 2 # Bedrooms: 4 Total Bathrooms: 3 Year Built: 1979

Legal Info

Range: 4E Section: 2 Township: 1S Lot Number: 17

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 400 HOA Fee: 351 HOA Paid Frequency: Quarterly HOA Name: The Lakes Comm Assoc HOA Telephone: 480.332.0050 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Prepaid Association Fees HOA: 0 Disclosure Fees HOA: 0 Other Fees HOA: 0 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 117

Lockbox Type

Supra: 1

Master Bathroom

3/4 Bath Master Bdrm: 1

Master Bedroom

Upstairs: 1 Not Split: 1

Add'l Property Use

None: 1

Fireplace Features

Fireplace Family Rm: 1

Flooring

Carpet: 1 Tile: 1

Private Pool Features

Diving Pool: 1

Community Features

Biking/Walking Path: 1 Comm Tennis Court(s): 1 Lake: 1 Workout Facility: 1

Dining Area

Formal: 1 Dining in LR/GR: 1

Heating

Electric: 1

Kitchen Features

Dishwasher: 1 Built-in Microwave: 1 Pantry: 1 Wall Oven(s): 1 Electric Cooktop: 1

Cooling

Central Air: 1

Interior Features

Vaulted Ceiling(s): 1 Wet Bar: 1

Laundry

Washer Included: 1 Dryer Included: 1

Basement

Basement Y/N: N

Other Rooms

Family Room: 1 Great Room: 1

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

See Remarks: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 2 Total Covered Spaces: 2 Garage Spaces: 2

Parking Features

Garage Door Opener: 1

New Financing

Cash: 1 VA: 1 Conventional: 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

Waterfront Lot: 1 Cul-De-Sac Lot: 1

Landscaping

Yrd Wtring Sys Front: 1 Yrd Wtring Sys Back: 1

Services

City Services: 1

Items Updated

Roof Yr Updated: 2020 Roof Partial/Full: Full

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

Common Area Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Prof Managed: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 6500 Seller Concession $/%: $

Remarks Misc

Cross Street: Baseline and Lakeshore Directions: From Baseline turn left onto S Lakeshore Dr to Sandpiper (go right) and left on S Waverly Way. GPS should get you here without any problems! Geo Lat: 33.373606 Geo Lon: -111.924157

Status Change Info

Off Market Date: 2023-04-14 Under Contract Date: 2023-03-27 Close of Escrow Date: 2023-05-08 Sold Price: $910,000

Property Features

Special Listing Cond: N/A Add'l Property Use: None Master Bathroom: 3/4 Bath Master Bdrm Master Bedroom: Upstairs; Not Split Fireplace Features: Fireplace Family Rm Flooring: Carpet; Tile Private Pool Features: Diving Pool Spa: None Community Features: Biking/Walking Path; Comm Tennis Court(s); Lake; Workout Facility Dining Area: Formal; Dining in LR/GR Kitchen Features: Electric Cooktop; Dishwasher; Built-in Microwave; Wall Oven(s); Pantry Laundry: Washer Included; Dryer Included Other Rooms: Family Room; Great Room Interior Features: Vaulted Ceiling(s); Wet Bar Parking Features: Garage Door Opener Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: See Remarks Property Description: Waterfront Lot; Cul-De-Sac Lot Landscaping: Yrd Wtring Sys Front; Yrd Wtring Sys Back Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: My Home Group Real Estate

Last Updated: April - 29 - 2025