NOT LISTED FOR SALE

116 E Palo Blanco Way Gilbert, AZ 85296

Downtown Gilbert Neighborhood

Estimated Value: $548,630 - $581,000

4 Beds
2 Baths
1,792 Sq Ft
$316/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $350,000 $195 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,181/month

1 Day on Market

Highlights

  • Play Pool
  • Vaulted Ceiling
  • Granite Countertops
  • Gilbert Elementary School Rated A-
  • Wood Flooring
  • 1-minute walk to Farmhouse Meadows Park

About This Home

As of October 2019

PERFECT OPPORTUNITY to OWN in DOWNTOWN GILBERT!! Walk or ride your bike to all the restaurants and entertainment area's. This beautiful home is a true 4 bedroom and 2 bath single family residence. Cool off in your own pool with a low maintenance and perfect entertainers backyard. Plenty of brick pavers and BBQ area. This home is in perfect location to walk your kids to school. The kitchen has granite counters and stainless steel appliances.

Last Agent to Sell the Property

Christopher Bastian

HomeSmart License #SA635287000 Listed on: 09/11/2019

HomeSmart

Last Buyer's Agent

Pamela Bernard

Keller Williams Realty Sonoran Living License #SA552798000

Keller Williams Realty Sonoran Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,618

Year Built

  • Built in 1998

Lot Details

  • 7,004 Sq Ft Lot
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Play Pool
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

  • Gilbert Elementary School
  • Mesquite Jr High Middle School
  • Gilbert High School

Utilities

  • Central Air
  • Heating Available
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 309-12-463

Community Details

Overview

  • Association fees include ground maintenance
  • Farmhouse Meadows Association, Phone Number (480) 641-9163
  • Built by Shea
  • Farmhouse Meadows 2 Subdivision

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,618

Year Built

Built in 1998

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Cross Street: Gilbert and Elliot
  • Legal Info Range: 6E
  • 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: 37.5
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1998
  • Tax Year: 2019
  • Directions: South on Gilbert (from Elliot), East on Horseshoe, South on Elm and East on Palo Blanco. House on the left side.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: FARMHOUSE MEADOWS 2
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 450.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Breakfast Bar, No Interior Steps, Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1792.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Built-in Barbecue
  • Lot Features: Grass Front
  • Pool Features: Play Pool, Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Association Fee: 450.0
  • Association Fee Frequency: Annually
  • Association Name: Farmhouse Meadows
  • Phone: 480-641-9163
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Farmhouse Meadows
  • Association Fees:HOA Telephone4: 480-641-9163
  • 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: Gilbert Elementary School
  • High School: Gilbert 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: 7004.0
  • Parcel #: 309-12-463

Building Info

  • Builder Name: Shea

Tax Info

  • Tax Annual Amount: 1618.0
  • Tax Book Number: 309.00
  • Tax Lot: 18
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 1, 2019
Sold by
Mazerolle Bradley D and Mazerolle Patricia
Bought by
Mccormack Erin and Gonsalves Michael
Seller's Agent
Christopher Bastian
HomeSmart
Buyer's Agent
Pamela Bernard
Keller Williams Realty Sonoran Living
List Price
$345,000
Sold Price
$350,000
Premium/Discount to List
$5,000
1.45%
Current Estimated Value
$565,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,408
Avg. Annual Appreciation
8.37%
Original Mortgage
$315,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2003
Sold by
Schmale James W and Schmale Rebecca V
Bought by
Mazerolle Bradley D and Mazerolle Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
5.26%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 13, 1998
Sold by
Shea Homes Arizona Ltd Partnership
Bought by
Schmale James W and Schmale Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,550
Interest Rate
6.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mccormack Erin $350,000 Old Republic Title Agency
Mazerolle Bradley D $192,000 Ticor Title Agency Of Az Inc
Schmale James W $160,967 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccormack Erin $315,000
Previous Owner Mazerolle Bradley D $153,600
Previous Owner Schmale James W $162,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $350,000 +1.4% $195 / Sq Ft
09/11/2019 09/11/19 For Sale $345,000 -- $193 / Sq Ft
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 $1,734 $23,536 -- --
2024 $1,743 $22,416 -- --
2023 $1,743 $38,710 $7,740 $30,970
2022 $1,691 $29,300 $5,860 $23,440
2021 $1,785 $27,700 $5,540 $22,160
2020 $1,752 $25,620 $5,120 $20,500
2019 $1,618 $23,630 $4,720 $18,910
2018 $1,566 $21,960 $4,390 $17,570
2017 $1,515 $20,470 $4,090 $16,380
2016 $1,566 $19,800 $3,960 $15,840
2015 $1,428 $18,860 $3,770 $15,090
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Christopher Bastian

    HomeSmart

    (480) 695-1823

    10 Total Sales

    Christopher Bastian
    Section Image
  • Pamela Bernard

    Buyer's Agent in 2019

    Pamela Bernard

    Keller Williams Realty Sonoran Living

    (602) 690-7810

    1 in this area

    30 Total Sales

    Pamela Bernard
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5977066

Arizona Regional Multiple Listing Service (ARMLS)

APN: 309-12-463

Arizona Maricopa County Gilbert 85296 Downtown Gilbert

116 E Palo Blanco Way, Gilbert, AZ

This home is located at 116 E Palo Blanco Way, Gilbert, AZ 85296 since 11 September 2019 and is currently estimated at $565,408, approximately $315 per square foot. This property was built in 1998. 116 E Palo Blanco Way is a home located in Maricopa County with nearby schools including Gilbert Elementary School, Mesquite Junior High School, and Gilbert Arts Academy.

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

Nearby Homes