$480,000
SOLD JUL 15, 2022
3 Beds
2 Baths
1,400 Sq Ft
$50/mo HOA Fee

Recently Sold

$343 Per Sq Ft

2% Below List Price

4 Days on Market

Highlights

  • Community Lake
  • Vaulted Ceiling
  • Spanish Architecture
  • Islands Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 1 Fireplace

About This Home

As of September 2023

Beautiful, Updated, Waterfront Townhome in Gilbert's lake community--The Islands! Buyer to confirm all measurements, HOA dues and transfer fees.

Last Agent to Sell the Property

Lewis Patrick

Patrick Properties License #BR507382000 Listed on: 06/03/2022

Last Buyer's Agent

Jaime Meraz

eXp Realty License #SA638812000

eXp Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,763

Year Built

  • Built in 1986

Lot Details

  • 1,668 Sq Ft Lot
  • Desert faces the front of the property
  • Two or More Common Walls
  • Grass Covered Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Solar Screens

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Islands Elementary School
  • Mesquite Elementary School - Gilbert Middle School
  • Gilbert High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • Coral Reef Association, Phone Number (602) 277-4418
  • The Islands Commun Association, Phone Number (480) 545-7740
  • Association Phone (480) 545-7740
  • Townhomes On Coral Reef Subdivision
  • Community Lake

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 302-30-607

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,763

Year Built

Built in 1986

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Cross Street: McQueen & Elliott
  • Legal Info Range: 5E
  • Property Type: Residential
  • Association Fees Community Facilities District: N
  • HOA #2 Fee: 300.0
  • HOA #2 Name: The Islands Commun
  • HOA #2 Phone Number: 480-545-7740
  • HOA #2 Transfer Fee: 155.0
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 247.0
  • Basement: N
  • Cooling HVAC SEER Rating: 14
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2021
  • Directions: McQueen & Elliott Directions: East on Elliot, South on Islands Drive, go left at the fountain on Islands Drive, Right on Coral Reef to 1309. Property is on left side when you enter.
  • Property Sub Type: Townhouse
  • Lot Size Acres: 0.04
  • Subdivision Name: TOWNHOMES ON CORAL REEF
  • Architectural Style: Spanish
  • Efficiency: Sunscreen(s)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Owner
  • Association Fees:HOA Fee2: 197.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Walk-In Closet(s), Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Double Vanity, Full Bth Master Bdrm
  • Living Area: 1400.0
  • Stories: 2
  • ResoLivingAreaSource: Owner
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Desert Front, Grass Back
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake Subdivision
  • Amenities: Management, Rental OK (See Rmks)
  • Association #2 Fee: 300.0
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee Frequency: Monthly
  • Association: The Islands Commun
  • Association Name: Coral Reef
  • Association Phone #2: 480-545-7740
  • Phone: 602-277-4418
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Coral Reef
  • Association Fees:HOA Telephone4: (602) 277-4418
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes

Schools

  • Elementary School: Islands Elementary School
  • High School: Gilbert High School
  • Middle Or Junior School: Mesquite Elementary School - Gilbert

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1668.0
  • Parcel #: 302-30-607
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1763.0
  • Tax Book Number: 302.00
  • Tax Lot: 51
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 22, 2023
Sold by
Gould Michael and Gould Carolyn
Bought by
Haage Steven
Seller's Agent
Jaime Meraz
eXp Realty
Buyer's Agent
Wendy Walker
The Agency
List Price
$500,000
Sold Price
$500,000
Total Days on Market
4
Views
35
Current Estimated Value
$486,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,405
Avg. Annual Appreciation
-1.60%
Original Mortgage
$220,000
Outstanding Balance
$206,162
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
$280,433

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jul 8, 2022
Sold by
Victoria Mattera
Bought by
Gould Michael and Gould Carolyn
Seller's Agent
Lewis Patrick
Patrick Properties
Buyer's Agent
Jaime Meraz
eXp Realty
List Price
$489,900
Sold Price
$480,000
Premium/Discount to List
-$9,900
-2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%
Original Mortgage
$360,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2020
Closed on
May 25, 2020
Sold by
Mccann Donald L and Mccann Carole H
Bought by
Mattera Victoria
Seller's Agent
Lorraine Moller
Keller Williams Realty East Valley
Buyer's Agent
Lewis Patrick
Patrick Properties
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Original Mortgage
$100,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2017
Sold by
Mccann Carole
Bought by
Mccann Donald

Purchase Details

Listed on
Oct 15, 2016
Closed on
Dec 16, 2016
Sold by
Remer Irvin I
Bought by
Mccann Donald L and Mccann Carole H
Seller's Agent
Aaron Remer
eXp Realty
Buyer's Agent
Sheri Bader
Keller Williams Realty East Valley
List Price
$269,900
Sold Price
$260,000
Premium/Discount to List
-$9,900
-3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Mar 29, 2016
Sold by
Badame Anthony A
Bought by
Remer Irvin I
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

Date Type Sale Price Title Company
Warranty Deed $500,000 Wfg National Title Insurance C
Warranty Deed $480,000 Chicago Title
Warranty Deed $335,000 Empire West Title Agency Llc
Interfamily Deed Transfer -- None Available
Cash Sale Deed $260,000 Magnus Title Agency Llc
Cash Sale Deed $170,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,000 New Conventional
Previous Owner $360,000 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $49,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $500,000 0.0% $335 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $500,000 +4.2% $335 / Sq Ft
07/15/2022 07/15/22 Sold $480,000 -2.0% $343 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $489,900 +46.2% $350 / Sq Ft
06/01/2020 06/01/20 Sold $335,000 0.0% $246 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $335,000 +28.8% $246 / Sq Ft
12/30/2016 12/30/16 Sold $260,000 -3.7% $191 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/23/2016 11/23/16 For Sale $269,900 0.0% $198 / Sq Ft
11/15/2016 11/15/16 For Sale $269,900 0.0% $198 / Sq Ft
11/15/2016 11/15/16 Price Changed $269,900 0.0% $198 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
10/29/2016 10/29/16 Price Changed $269,900 -1.9% $198 / Sq Ft
10/27/2016 10/27/16 Price Changed $275,000 -1.4% $202 / Sq Ft
10/21/2016 10/21/16 Price Changed $279,000 -3.5% $205 / Sq Ft
10/14/2016 10/14/16 For Sale $289,000 -- $213 / 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 $1,632 $23,611 -- --
2024 $1,721 $22,487 -- --
2023 $1,721 $32,870 $6,570 $26,300
2022 $1,669 $27,300 $5,460 $21,840
2021 $1,763 $25,530 $5,100 $20,430
2020 $1,736 $24,920 $4,980 $19,940
2019 $1,911 $22,850 $4,570 $18,280
2018 $1,858 $21,650 $4,330 $17,320
2017 $1,797 $20,710 $4,140 $16,570
2016 $1,843 $18,980 $3,790 $15,190
2015 $1,407 $19,070 $3,810 $15,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6410399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-607