NOT LISTED FOR SALE

118 S Diamond Key Ct Unit 5 Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $743,000 - $993,000

4 Beds
3.5 Baths
3,477 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 18, 2020

Last sale price $672,500 $193 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,642/month

29 Days on Market

Highlights

  • Spa
  • Waterfront
  • Community Lake
  • Islands Elementary School Rated A-
  • Two Primary Bathrooms
  • Clubhouse

About This Home

As of August 2020

This spectacular water front lot property is now available! Boasting a well manicured desert landscaping with palms galore. One of a kind interior has welcoming entry way, formal living & dining areas, speakers in the right places, and perfect size loft. You will love the huge family room comprised of built-in entertainment center, fireplace, and two double french doors. Chef's kitchen includes high-end appliances and plethora of cabinets. Amazing downstairs master suite offers private backyard exit, fireplace, window seat, his & her walk-in closets, and lavish bath featuring jetted tub, step-in shower, and his & her sinks. There's a guest bedroom with an exit to a private balcony! Enjoy the stunning lake views in the backyard while relaxing in the spa or cooking in the BBQ. Must see! Brand new Boat Dock, Travertine Tiles in patio just recently installed.
New painted garage with new Epoxy, New Carpet just installed.

Last Agent to Sell the Property

Bobby Jawa

Investar Real Estate Specialists License #SA661227000 Listed on: 06/12/2020

Co-Listed By

Sanjay Jawa

Investar Real Estate Specialists License #SA536983000

Last Buyer's Agent

David Morones

My Home Group Real Estate License #SA116016000

My Home Group Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,563

Year Built

  • Built in 1987

Lot Details

  • 9,953 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Wrought Iron Fence

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Tandem Parking
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,477 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Security System Owned
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Spa
  • Balcony
  • Covered patio or porch
  • Built-In Barbecue

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number 302-30-956

Community Details

Overview

  • Association fees include ground maintenance
  • The Islands Association, Phone Number (480) 545-7740
  • Built by CUSTOM WATER FRONT HOME
  • Shores At The Islands Unit 5 Lot 64 75 Tr A,B Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,563

Year Built

Built in 1987

Lot Details

0

HOA Fees

$50 per month

Parking

3

Listing Details

  • Cross Street: McQueen Rd & Elliot Rd
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 49.98
  • Basement: N
  • Bathrooms Year Updated: 2013
  • Items Updated Floor Yr Updated: 2020
  • Items Updated Ht Cool Yr Updated: 2013
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Spa Private: Yes
  • Tax Year: 2019
  • Directions: Head east on W Elliot Rd, Right on S Islands Dr, Right on S Islands Dr W, Left on S Diamond Key Ct. Property will be on the right.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: inves01
  • Co List Office Phone: 480-332-7180
  • Subdivision Name: SHORES AT THE ISLANDS UNIT 5 LOT 64-75 TR A,B
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 299.85
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace, Family Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, 9+ Flat Ceilings, Vaulted Ceiling(s), 2 Master Baths, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet
  • Living Area: 3477.0
  • Stories: 2
  • Window Features: Sunscreen(s), Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Lake Subdivision: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio, Built-in Barbecue
  • Lot Features: Waterfront Lot, Desert Back, Desert Front, Cul-De-Sac, Gravel/Stone Back
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Tandem
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Tandem Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake Subdivision, Biking/Walking Path, Clubhouse
  • Amenities: Management
  • Association Fee: 299.85
  • Association Fee Frequency: Semi-Annually
  • Association Name: The Islands
  • Phone: 480-545-7740
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 155.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: The Islands
  • Association Fees:HOA Telephone4: 4805457740
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

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: 9953.0
  • Parcel #: 302-30-956
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: CUSTOM WATER FRONT HOME

Tax Info

  • Tax Annual Amount: 4563.0
  • Tax Book Number: 302.00
  • Tax Lot: 73
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Aug 11, 2020
Sold by
Jawa Sanjay and Jawa Shailja
Bought by
Vermeer Edward Franz and Vermeer Angela
Seller's Agent
Bobby Jawa
Investar Real Estate Specialists
Buyer's Agent
David Morones
My Home Group Real Estate
List Price
$724,900
Sold Price
$672,500
Premium/Discount to List
-$52,400
-7.23%
Total Days on Market
29
Current Estimated Value
$917,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,001
Avg. Annual Appreciation
6.71%
Original Mortgage
$500,000
Outstanding Balance
$367,761
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$549,740

Purchase Details

Closed on
Aug 5, 2004
Sold by
Lewis Michael W
Bought by
Jawa Sanjay and Jawa Shailja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,300
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2003
Sold by
Lewis Maureen
Bought by
Lewis Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.83%
Source: Public Records

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Range of Values:

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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
Vermeer Edward Franz $672,500 Old Republic Title Agency
Jawa Sanjay $446,200 North American Title Co
Lewis Michael W -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vermeer Edward Franz $500,000
Previous Owner Jawa Sanjay $350,000
Previous Owner Jawa Sanjay $181,185
Previous Owner Jawa Sanjay $277,000
Previous Owner Jawa Sanjay $295,000
Previous Owner Jawa Sanjay $312,300
Previous Owner Lewis Michael W $322,700
Closed Jawa Sanjay $133,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2020 08/18/20 Sold $672,500 -3.8% $193 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/08/2020 07/08/20 Price Changed $699,000 -3.6% $201 / Sq Ft
06/12/2020 06/12/20 For Sale $724,900 -- $208 / 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 $5,469 $62,538 -- --
2024 $5,497 $59,560 -- --
2023 $5,497 $67,200 $13,440 $53,760
2022 $5,346 $56,650 $11,330 $45,320
2021 $5,529 $51,450 $10,290 $41,160
2020 $4,957 $50,210 $10,040 $40,170
2019 $4,563 $48,250 $9,650 $38,600
2018 $4,421 $46,200 $9,240 $36,960
2017 $4,256 $45,420 $9,080 $36,340
2016 $4,379 $47,170 $9,430 $37,740
2015 $3,940 $46,550 $9,310 $37,240
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Bobby Jawa

    Investar Real Estate Specialists

    (480) 298-1816

    1 in this area

    1 Total Sale

    Bobby Jawa
    Section Image
  • Sanjay Jawa

    Seller Co-Listing Agent in 2020

    Sanjay Jawa

    Investar Real Estate Specialists

    (480) 232-0254

    1 in this area

    15 Total Sales

    Sanjay Jawa
    Section Image
  • David Morones

    Buyer's Agent in 2020

    David Morones

    My Home Group

    (480) 213-6855

    1 in this area

    51 Total Sales

    David Morones
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6090071

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-956

Arizona Maricopa County Gilbert 85233 The Islands

118 S Diamond Key Ct Unit 5, Gilbert, AZ

This home is located at 118 S Diamond Key Ct Unit 5, Gilbert, AZ 85233 since 12 June 2020 and is currently estimated at $917,501, approximately $263 per square foot. This property was built in 1987. 118 S Diamond Key Ct Unit 5 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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