1240 W Edgewater Dr Gilbert, AZ 85233
The Islands NeighborhoodEstimated Value: $905,000 - $1,232,000
5
Beds
4
Baths
4,250
Sq Ft
$265/Sq Ft
Est. Value
Highlights
- Play Pool
- Waterfront
- Community Lake
- Islands Elementary School Rated A-
- Two Primary Bathrooms
- Clubhouse
About This Home
As of January 2022DON'T MISS THE BEST WATERFRONT LOCATION IN THE ISLANDS WITH OUTSTANDING VIEWS from multiple areas of the home. This property is tucked away in a quiet Cul-De-Sac on a North South facing lot. An interior remodel was just completed to make this home not only beautiful, but move in ready. There's new flooring throughout with 8'' baseboards. The custom cabinets in the kitchen have been updated to accent the gorgeous granite counters and high end stainless appliances. There are 5 bedrooms and 3.5 baths plus a den office bonus room in lieu of the 4th car garage. The master bedroom is oversized with a full length patio overlooking the lake. There's a two sided fireplace leading to the master bath area complete with walk-in shower, garden tub and generous walk-in closet. SEE MORE! It's all LAKE in the backyard including a gorgeous negative edge pool with a beach entry, water feature and oversized spa. You'll never want to leave! There's a large community park within walking distances that includes lots of social events including Concerts in The Park, Easter Egg Hunt, Holiday Boat Parades, Fall Car Show & more! You'll truly love this home & community. It's centrally located and just minutes away from downtown Gilbert and Chandler that both have an abundance of restaurants and things to do for all ages.
Last Agent to Sell the Property
Jeffrey L. Franklin
Realty Executives License #SA046826000 Listed on: 09/22/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,587
Year Built
- Built in 1994
Lot Details
- 9,017 Sq Ft Lot
- Waterfront
- Desert faces the back of the property
- Wrought Iron Fence
- Block Wall Fence
- Front and Back Yard Sprinklers
- Sprinklers on Timer
- Grass Covered Lot
HOA Fees
- $52 Monthly HOA Fees
Parking
- 3 Car Garage
- Garage Door Opener
Home Design
- Santa Barbara Architecture
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 4,250 Sq Ft Home
- 2-Story Property
- Wet Bar
- Central Vacuum
- Vaulted Ceiling
- Ceiling Fan
- Two Way Fireplace
- Double Pane Windows
- Solar Screens
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Intercom
- Washer and Dryer Hookup
Kitchen
- Kitchen Updated in 2021
- Eat-In Kitchen
- Breakfast Bar
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Floors Updated in 2021
- Vinyl Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Bathroom Updated in 2021
- Two Primary Bathrooms
- Primary Bathroom is a Full Bathroom
- 4 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Pool
- Play Pool
- Spa
Outdoor Features
- Balcony
- Covered patio or porch
Schools
- Islands Elementary School
- Mesquite Jr High Middle School
- Mesquite High School
Utilities
- Refrigerated Cooling System
- Zoned Heating
- Water Softener
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 175
- Assessor Parcel Number 310-04-325
Community Details
Overview
- Association fees include ground maintenance
- First Service Resid Association, Phone Number (480) 551-4300
- Built by Blandford
- Catalina Bay At The Islands Unit 4 Subdivision
- Community Lake
Amenities
- Clubhouse
- Recreation Room
Recreation
- Community Playground
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2021
Closed on
Jan 10, 2022
Sold by
Imat Living Trust
Bought by
Cmaylo Sandra Lee and Cmaylo James
Seller's Agent
Jeffrey L. Franklin
Realty Executives
Buyer's Agent
Kenny Klaus
Real Broker
List Price
$1,445,000
Sold Price
$1,150,000
Premium/Discount to List
-$295,000
-20.42%
Total Days on Market
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,966
Avg. Annual Appreciation
-0.65%
Original Mortgage
$788,000
Outstanding Balance
$728,265
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$396,769
Purchase Details
Closed on
Jun 29, 2015
Sold by
Takieh Seyed Mohsen Sharifi
Bought by
Imat Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 9, 2015
Sold by
Mehdipour Mahshid
Bought by
Takieh Seyed Mohsen Sharifi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2011
Sold by
Takieh Seyed Mohsen Sharifi and Mehdipour Mahshid
Bought by
Takieh Seyed Mohsen Sharifi and Mehdipour Mahshid
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2011
Sold by
Takieh Seyed Mohsen Sharifi and Mehdipour Mahshid
Bought by
Takieh Seyed Mohsen Sharifi and Mehdipour Mahshid
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 10, 2009
Sold by
Takieh Seyed Mohsen Sharifi
Bought by
Takieh Seyed Mohsen Sharifi and Mehdipour Mahshid
Purchase Details
Closed on
May 3, 2005
Sold by
Gendron Peter J and Gendron Sally J
Bought by
Takieh Seyed Mohsen Sharifi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
May 2, 2005
Sold by
Mehdipour Mahshid
Bought by
Takieh Seyed Mohsen Sharifi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Feb 26, 1998
Sold by
Gendron William J and Gendron Marni L
Bought by
Gendron Peter J and Gendron Sally J
Purchase Details
Closed on
Oct 27, 1994
Sold by
Jeff Blandford Development Corp
Bought by
Gendron William J and Gendron Marni L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,950
Interest Rate
5.25%
Mortgage Type
New Conventional
Similar Homes in Gilbert, AZ
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cmaylo Sandra Lee | $1,150,000 | Title Alliance Of Arizona | |
| Imat Living Trust | -- | None Available | |
| Takieh Seyed Mohsen Sharifi | -- | Empire West Title Agency | |
| Takieh Seyed Mohsen Sharifi | -- | Empire West Title Agency | |
| Takieh Seyed Mohsen Sharifi | -- | Accommodation | |
| Takieh Seyed Mohsen Sharifi | -- | Grand Canyon Title Agency In | |
| Takieh Seyed Mohsen Sharifi | -- | None Available | |
| Takieh Seyed Mohsen Sharifi | -- | None Available | |
| Takieh Seyed Mohsen Sharifi | -- | Accommodation | |
| Takieh Seyed Mohsen Sharifi | $805,000 | Capital Title Agency Inc | |
| Takieh Seyed Mohsen Sharifi | -- | Capital Title Agency Inc | |
| Gendron Peter J | -- | -- | |
| Gendron William J | $311,205 | Transamerica Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cmaylo Sandra Lee | $788,000 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $314,000 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $395,000 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $395,000 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $124,500 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $600,000 | |
| Previous Owner | Takieh Seyed Mohsen Sharifi | $600,000 | |
| Previous Owner | Gendron Peter J | $42,951 | |
| Previous Owner | Gendron William J | $248,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/18/2022 01/18/22 | Sold | $1,150,000 | 0.0% | $271 / Sq Ft |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 11/30/2021 11/30/21 | Price Changed | $1,150,000 | -8.0% | $271 / Sq Ft |
| 10/27/2021 10/27/21 | Price Changed | $1,250,000 | -7.4% | $294 / Sq Ft |
| 10/13/2021 10/13/21 | Price Changed | $1,350,000 | -6.6% | $318 / Sq Ft |
| 09/22/2021 09/22/21 | For Sale | $1,445,000 | -- | $340 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $5,505 | $69,365 | -- | -- |
| 2024 | $5,532 | $66,062 | -- | -- |
| 2023 | $5,532 | $77,910 | $15,580 | $62,330 |
| 2022 | $5,368 | $59,920 | $11,980 | $47,940 |
| 2021 | $5,587 | $57,260 | $11,450 | $45,810 |
| 2020 | $5,575 | $57,080 | $11,410 | $45,670 |
| 2019 | $5,142 | $52,960 | $10,590 | $42,370 |
| 2018 | $4,989 | $50,560 | $10,110 | $40,450 |
| 2017 | $4,804 | $51,300 | $10,260 | $41,040 |
| 2016 | $4,921 | $52,780 | $10,550 | $42,230 |
| 2015 | $4,455 | $53,220 | $10,640 | $42,580 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2022
Jeffrey L. Franklin
Realty Executives
-
Kenny Klaus
Buyer's Agent in 2022
Kenny Klaus
Real Broker
(480) 354-7344
5 in this area
772 Total Sales
-
Angela McInnes
A
Buyer Co-Listing Agent in 2022
Angela McInnes
HomeSmart Lifestyles
(480) 370-7951
1 in this area
76 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6296987
APN: 310-04-325
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.
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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