NOT LISTED FOR SALE

1326 W Clear Spring Dr Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $611,707 - $636,000

3 Beds
3 Baths
2,016 Sq Ft
$310/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $370,000 $184 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,660/month

About This Home

As of August 2020

Beautiful three bedroom home on the water in gated community in the Islands of Gilbert. Two bedrooms upstairs and one bedroom down. Soaring ceilings and lots of light throughout home. New paint throughout, new granite counters and fixtures in kitchen. Fireplace downstairs in the living room and bay window in the formal dining room, Home sits on the water and is close to the waterfall, with nice views of the lake and community. All new kitchen appliances including a frigidaire gas range with air fryer, and all stainless steel appliances. The Islands offers activities, pools, and park with basketball, sand volleyball, bocce ball, playground, community dock, full size exercise track, ramadas and charcoal grills, close to schools, shopping and dining, welcome to your new home!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Jul 8, 2020
Sold by
Olsen Steve and Olsen Steven B
Bought by
Parikh David
Seller's Agent
Gary Colin
Real Broker
Buyer's Agent
Rebecca A Sartor
Arizona Living Property Management, Inc
List Price
$389,475
Sold Price
$370,000
Premium/Discount to List
-$19,475
-5%
Current Estimated Value
$624,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,177
Avg. Annual Appreciation
11.48%

Purchase Details

Closed on
Nov 11, 2004
Sold by
Fleischman Don
Bought by
Olsen Steve and Olsen Steven B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2004
Sold by
Breaux Justin M
Bought by
Fleischman Don

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2003
Sold by
Nottingham Ericka L and Nottingham Jon P
Bought by
Breaux Justin M

Purchase Details

Closed on
Jun 28, 2001
Sold by
Goscila Andralea J and Previtali Lawrence
Bought by
Nottingham Erika L and Nottingham Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 1997
Sold by
Previtali Sharon
Bought by
Previtali Lawrance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
7.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 10, 1997
Sold by
Morequity Inc
Bought by
Brennan Tom and Brennan Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
7.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 15, 1997
Sold by
Iyer Rajan N
Bought by
Morequity Inc

Purchase Details

Closed on
Sep 20, 1995
Sold by
Clifford Florella J
Bought by
Iyer Rajan Narayana and Iyer Usha Rajan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
7.88%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Average Value
Not Available
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
Parikh David $370,000 First American Title Ins Co
Olsen Steve $265,000 Capital Title Agency Inc
Fleischman Don $210,000 First American Title Ins Co
Breaux Justin M $184,000 Security Title Agency
Nottingham Erika L $188,000 First American Title
Previtali Lawrance -- Security Title Agency
Goscila Andralea J $159,900 Security Title Agency
Brennan Tom $128,000 Security Title Agency
Morequity Inc -- --
Iyer Rajan Narayana -- First Southwestern Title
Clifford Florella J -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Steve $212,000
Previous Owner Breaux Justin M $165,000
Previous Owner Nottingham Erika L $150,400
Previous Owner Goscila Andralea J $149,900
Previous Owner Iyer Rajan Narayana $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2020 11/01/20 Rented $2,350 -1.9% --
10/20/2020 10/20/20 Under Contract -- -- --
10/09/2020 10/09/20 For Rent $2,395 0.0% --
08/10/2020 08/10/20 Sold $370,000 -2.5% $184 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
06/30/2020 06/30/20 Price Changed $379,475 -2.6% $188 / Sq Ft
04/17/2020 04/17/20 For Sale $389,475 -- $193 / Sq Ft

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 $1,999 $22,859 -- --
2024 $2,009 $21,770 -- --
2023 $2,009 $39,230 $7,840 $31,390
2022 $1,954 $31,030 $6,200 $24,830
2021 $2,021 $29,420 $5,880 $23,540
2020 $1,991 $26,650 $5,330 $21,320
2019 $1,850 $25,410 $5,080 $20,330
2018 $1,799 $23,630 $4,720 $18,910
2017 $1,740 $22,510 $4,500 $18,010
2016 $1,784 $20,630 $4,120 $16,510
2015 $1,627 $19,860 $3,970 $15,890
Source: Public Records

Agents Affiliated with this Home

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