NOT LISTED FOR SALE

118 S Diamond Key Ct Unit 5 Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $931,000 - $996,000

4 Beds
3.5 Baths
3,477 Sq Ft
$276/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2020

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

Est. 43% increase in value since last sale

Current estimated payment $5,622 / mo

29 Days on Market

Highlights

  • Spa
  • Waterfront
  • Community Lake
  • Islands Elementary School Rated A-
  • Two Primary Bathrooms
  • Fireplace in Primary Bedroom

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 Garage
  • 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
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • 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

  • Central Air
  • 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

  • Recreation Room

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,563

Year Built

Built in 1987

Lot Details

9,953 Sq Ft Lot

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
  • Property Sub Type: Single Family Residence
  • 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
  • General Property Description:PriceSqFt: 193.41
  • Association Fees:HOA Fee2: 299.85
  • 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
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Built-in Barbecue
  • Lot Features: Waterfront Lot, Desert Back, Desert Front, Cul-De-Sac, Gravel/Stone Back
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • 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
  • General Property Description:Community Pool YN2: No
  • General Property Description:Private Pool YN2: No

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Tandem Garage, Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Biking/Walking Path
  • 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: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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Aug 11, 2020
Sold by
Bought by
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%
Current Estimated Value
$960,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,462
Avg. Annual Appreciation
6.20%
Original Mortgage
$500,000
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bought by

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
0.0624%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2003
Sold by
Bought by

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
0.0583%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$672,500 Old Republic Title Agency
$446,200 North American Title Co
-- Transnation Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner $350,000
Previous Owner $181,185
Previous Owner $277,000
Previous Owner $295,000
Previous Owner $312,300
Previous Owner $322,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,678 $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

    Bobby Jawa
    Section Image
  • Sanjay Jawa

    Seller Co-Listing Agent in 2020

    Sanjay Jawa

    Investar Real Estate Specialists

    (480) 232-0254

    9 Total Sales

    Sanjay Jawa
    Section Image
  • David Morones

    Buyer's Agent in 2020

    David Morones

    My Home Group

    (480) 213-6855

    38 Total Sales

    David Morones
    Section Image
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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

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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