NOT LISTED FOR SALE

1040 W Palo Verde St Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $850,155 - $1,110,000

5 Beds
3.5 Baths
3,885 Sq Ft
$244/Sq Ft Est. Value

Last Sold January 14, 2015

Last sale price $467,500 $120 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $5,481/month

110 Days on Market

Highlights

  • Play Pool
  • Vaulted Ceiling
  • Covered Patio or Porch
  • Islands Elementary School Rated A-
  • Granite Countertops
  • 3 Car Direct Access Garage

About This Home

As of January 2015

Pristine Meritage home with 5 bed, 3.5 bath + den + loft in the highly sought after Artemina community. Constructed with post tension slab, this home features a stunning main floor, renovated in 2014 that boasts custom paint and window treatments, wood blinds, newer flooring and upgraded carpeting throughout. Gourmet eat-in kitchen, that opens to family room, offers granite slab counters and backsplash, custom cherry stained cabinetry, stainless steel appliances including double ovens and KitchenAid gas range & microwave, R/O system and large pantry. Gorgeous master suite features French doors and en-suite bath with separate shower and soaking tub, double vanities and walk-in closet. Beautiful backyard features a pebble-tec pool with waterfall feature, covered patio and large grassy play area. This home is in a great location close to restaurants, shops, parks and highway access.

Last Agent to Sell the Property

Don Matheson

RE/MAX Fine Properties License #SA112157000 Listed on: 08/22/2014

RE/MAX Fine Properties

Co-Listed By

Jennifer Matheson

RE/MAX Fine Properties License #SA114027000

Last Buyer's Agent

Michael Silver

RE/MAX Alliance Group License #SA536787000

RE/MAX Alliance Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,057

Year Built

  • Built in 2001

Lot Details

  • 9,600 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $82 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,885 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Play Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Playground

Schools

  • Islands Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Water Filtration System
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 176
  • Assessor Parcel Number 310-04-655

Community Details

Overview

  • Association fees include ground maintenance
  • Artemina HOA, Phone Number (480) 345-0046
  • Built by Meritage Homes
  • Artemina Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,057

Year Built

Built in 2001

Lot Details

0

HOA Fees

$82 per month

Parking

3

Listing Details

  • Cross Street: Elliot and Cooper
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 82.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2001
  • Tax Year: 2013
  • Directions: West on Elliot to Cambridge. South to Palo Verde, east to home.
  • Master Model: 2060
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.22
  • Co List Office Mls Id: rmfp03
  • Co List Office Phone: 480-792-9500
  • Subdivision Name: Artemina
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 246.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 7
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Drink Wtr Filter Sys, Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 3885.0
  • Stories: 2
  • Window Features: Dual Pane, Low-E
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Multiple Ovens: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Playground, Patio
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Front, Grass Back
  • Pool Features: Play Pool, Fenced, Heated, Private
  • Pool Private: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Separate Strge Area, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Amenities: Management
  • Association Fee: 246.0
  • Association Fee Frequency: Quarterly
  • Association Name: Artemina HOA
  • Phone: 480-345-0046
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 374.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Artemina HOA
  • Association Fees:HOA Telephone4: (480) 345-0046
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Islands Elementary School
  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9600.0
  • Parcel #: 310-04-655
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Meritage Homes

Tax Info

  • Tax Annual Amount: 3057.36
  • Tax Book Number: 310.00
  • Tax Lot: 176
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2014
Closed on
Dec 18, 2014
Sold by
Tam Marvin K and Vo Thuyngoc Thi
Bought by
Herberger Amy and Herberger Jeff
Seller's Agent
Don Matheson
RE/MAX Fine Properties
Buyer's Agent
Michael Silver
RE/MAX Alliance Group
List Price
$529,000
Sold Price
$467,500
Premium/Discount to List
-$61,500
-11.63%
Current Estimated Value
$947,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$480,039
Avg. Annual Appreciation
6.85%
Original Mortgage
$290,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2005
Sold by
Tam Marvin and Vo Thuyngoc
Bought by
Tam Marvin K and Vo Thuyngoc Thi

Purchase Details

Closed on
Dec 17, 2001
Sold by
Meritage Homes Arizona Inc
Bought by
Tam Marvin and Vo Thuyngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,700
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Herberger Amy $467,500 American Title Svc Agency Ll
Tam Marvin K -- --
Tam Marvin $350,913 Stewart Title & Trust
Meritage Homes Arizona Inc -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herberger Amy $266,000
Closed Herberger Amy $290,000
Previous Owner Tam Marvin $274,300
Previous Owner Tam Marvin $280,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2015 01/14/15 Sold $467,500 -6.5% $120 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
10/24/2014 10/24/14 Price Changed $500,000 -5.5% $129 / Sq Ft
08/22/2014 08/22/14 For Sale $529,000 0.0% $136 / Sq Ft
07/15/2012 07/15/12 Rented $2,400 -14.3% --
06/09/2012 06/09/12 Under Contract -- -- --
05/21/2012 05/21/12 For Rent $2,800 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,196 $53,999 -- --
2024 $4,211 $51,428 -- --
2023 $4,211 $59,800 $11,960 $47,840
2022 $4,075 $46,710 $9,340 $37,370
2021 $4,238 $44,700 $8,940 $35,760
2020 $4,162 $42,310 $8,460 $33,850
2019 $3,863 $40,650 $8,130 $32,520
2018 $3,754 $39,410 $7,880 $31,530
2017 $3,612 $38,660 $7,730 $30,930
2016 $3,706 $38,320 $7,660 $30,660
2015 $3,343 $37,370 $7,470 $29,900
Source: Public Records

Agents Affiliated with this Home

  • Don Matheson

    Seller's Agent in 2015

    Don Matheson

    RE/MAX

    (602) 694-3200

    296 Total Sales

    Don Matheson
    Section Image
  • Jennifer Matheson

    Seller Co-Listing Agent in 2015

    Jennifer Matheson

    RE/MAX

    (602) 694-2800

    98 Total Sales

    Jennifer Matheson
    Section Image
  • Michael Silver

    Buyer's Agent in 2015

    Michael Silver

    RE/MAX

    (480) 570-4229

    2 in this area

    57 Total Sales

    Michael Silver
    Section Image
  • Tracy A. Phillips

    Seller Co-Listing Agent in 2012

    Tracy A. Phillips

    RE/MAX

    (480) 236-4800

    45 Total Sales

    Tracy A. Phillips
    Section Image

  • C

    Buyer's Agent in 2012

    Chad Blostone

    Capital Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5161328

Arizona Regional Multiple Listing Service (ARMLS)

APN: 310-04-655

Arizona Maricopa County Gilbert 85233 The Islands

1040 W Palo Verde St, Gilbert, AZ

This home is located at 1040 W Palo Verde St, Gilbert, AZ 85233 since 22 August 2014 and is currently estimated at $947,539, approximately $243 per square foot. This property was built in 2001. 1040 W Palo Verde St is a home located in Maricopa County with nearby schools including Islands Elementary School, Mesquite High School, and Mesquite Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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