NOT LISTED FOR SALE

1242 E Lark St Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $561,115 - $605,000

5 Beds
2.5 Baths
2,237 Sq Ft
$263/Sq Ft Est. Value

Last Sold May 21, 2013

Last sale price $235,000 $105 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $3,366/month

190 Days on Market

Highlights

  • Eat-In Kitchen
  • Tandem Parking
  • Tile Flooring
  • Weinberg Gifted Academy Rated A+
  • Dual Vanity Sinks in Primary Bathroom
  • Grass Covered Lot

About This Home

As of May 2013

Verbally approved at $235,000- waiting for current buyer to respond, show and write back up- no seller concessions, Professionally negotiated short sale. Good condition 2 story home in the Estates at the Spectrum Home will convey AS IS, rear Arcadia door glass is broken and will not be repaired.

Last Agent to Sell the Property

Scott Porambo

Prime House LLC License #BR036102000 Listed on: 08/15/2012

Last Buyer's Agent

Christina Porambo

Prime House LLC License #SA544807000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 2004

Lot Details

  • 7,411 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

  • $59 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Tandem Parking

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,237 Sq Ft Home
  • 2-Story Property

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Schools

  • Weinberg Elementary School
  • Willie & Coy Payne Jr. High Middle School
  • Perry High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • Association fees include ground maintenance
  • Estates At Spectrum Association, Phone Number (602) 957-9191
  • Built by Taylor Woodrow
  • Estates At The Spectrum Subdivision

Listing and Financial Details

  • Tax Lot 242
  • Assessor Parcel Number 304-57-256

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,596

Year Built

Built in 2004

Lot Details

0

HOA Fees

$59 per month

Parking

3

Listing Details

  • Cross Street: VAL VISTA AND GERMANN
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 59.04
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Year Built: 2004
  • Tax Year: 2011
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: Estates at the Spectrum
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 105.05
  • Association Fees:HOA Fee2: 177.12
  • Special Features: None

Interior Features

  • Basement: None
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Eat-in Kitchen, Double Vanity, Separate Shwr & Tub
  • Living Area: 2237.0
  • Stories: 2
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front, Grass Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Tandem
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Tandem Garage: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: Management
  • Association Fee: 177.12
  • Association Fee Frequency: Quarterly
  • Association Name: Estates at Spectrum
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 120.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Estates at Spectrum
  • 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: Weinberg Elementary School
  • High School: Perry High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willie & Coy Payne Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7411.0
  • Parcel #: 304-57-256
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Taylor Woodrow

Tax Info

  • Tax Annual Amount: 1596.0
  • Tax Book Number: 304.00
  • Tax Lot: 242
  • Tax Map Number: 57.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2012
Closed on
May 14, 2013
Sold by
Renaud John J
Bought by
Han Ru
Seller's Agent
Scott Porambo
Prime House LLC
Buyer's Agent
Christina Porambo
Prime House LLC
List Price
$195,000
Sold Price
$235,000
Premium/Discount to List
$40,000
20.51%
Current Estimated Value
$588,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,279
Avg. Annual Appreciation
7.54%
Original Mortgage
$176,250
Outstanding Balance
$124,330
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$463,949

Purchase Details

Listed on
Aug 15, 2012
Closed on
Apr 29, 2013
Sold by
Chen Jinhul
Bought by
Han Ru
Seller's Agent
Scott Porambo
Prime House LLC
Buyer's Agent
Christina Porambo
Prime House LLC
List Price
$195,000
Sold Price
$235,000
Premium/Discount to List
$40,000
20.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Outstanding Balance
$124,330
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$463,949

Purchase Details

Closed on
Apr 22, 2005
Sold by
Renaud Lisa J
Bought by
Renaud John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2004
Sold by
Tw Homes Arizona Inc
Bought by
Renaud John J and Renaud Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,550
Interest Rate
6.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Han Ru $235,000 North American Title Company
Han Ru -- North American Title Company
Renaud John J -- Fidelity National Title
Renaud John J $213,261 First American Title Ins Co
Tw Homes Arizona Inc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Ru $176,250
Closed Han Ru $176,250
Previous Owner Renaud John J $248,000
Previous Owner Renaud John J $202,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2013 05/21/13 Sold $235,000 0.0% $105 / Sq Ft
04/18/2013 04/18/13 Price Changed $235,000 +2.2% $105 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
02/19/2013 02/19/13 Price Changed $230,000 +4.5% $103 / Sq Ft
01/02/2013 01/02/13 Price Changed $220,000 +4.8% $98 / Sq Ft
11/04/2012 11/04/12 Price Changed $210,000 -2.3% $94 / Sq Ft
11/01/2012 11/01/12 Price Changed $215,000 +10.3% $96 / Sq Ft
08/15/2012 08/15/12 For Sale $195,000 -- $87 / 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 $2,704 $28,522 -- --
2024 $2,611 $27,164 -- --
2023 $2,611 $41,610 $8,320 $33,290
2022 $2,529 $31,330 $6,260 $25,070
2021 $2,593 $28,900 $5,780 $23,120
2020 $2,576 $27,280 $5,450 $21,830
2019 $2,483 $25,060 $5,010 $20,050
2018 $2,412 $23,280 $4,650 $18,630
2017 $2,277 $21,960 $4,390 $17,570
2016 $2,164 $21,620 $4,320 $17,300
2015 $2,108 $20,200 $4,040 $16,160
Source: Public Records

Agents Affiliated with this Home

  • Scott Porambo

    Seller's Agent in 2013

    Scott Porambo

    Prime House LLC

    (602) 980-3446

    85 Total Sales

    Scott Porambo
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4811412

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-57-256

Arizona Maricopa County Gilbert 85297 South Gilbert

1242 E Lark St, Gilbert, AZ

Not Listed for Sale

Detached

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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