NOT LISTED FOR SALE

1345 W Clear Spring Dr Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $689,167 - $724,000

3 Beds
2.5 Baths
2,624 Sq Ft
$269/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $525,000 $200 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,397/month

4 Days on Market

Highlights

  • Gated Community
  • Waterfront
  • Clubhouse
  • Islands Elementary School Rated A-
  • Community Lake
  • 5-minute walk to Islands Community Park

About This Home

As of January 2021

Resort living in sunny AZ!! Updated, Move-in Ready, Islands Waterfront Home in The Falls. Largest Model on Lake in this gated community (3 beds +den +office/craft room +loft & 2.5 baths). Spacious Family Rm w vaulted ceiling & gas fireplace (updated 2018). Kitchen features cherry cabinets, stainless appliances including wine fridge & granite countertops. Master bedroom overlooks water w separate exit to balcony (reinforced, plumbed & electricity... perfect for spa). Stunning Master Bath w soaking tub and tiled walk-in shower. Step outside to extended covered patio, enjoy boating on the lake (new dock 2019) or take a quick walk to community pool & spa by the lake. HOA maintains front/back landscaping. Exterior painted 2019. Great full-time residence or perfect ''lock & leave'' home

Last Agent to Sell the Property

Lorraine Moller

Keller Williams Realty East Valley License #SA646810000 Listed on: 12/03/2020

Keller Williams Realty East Valley

Last Buyer's Agent

Teddy Castro

neXGen Real Estate License #BR539215000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,598

Year Built

  • Built in 1994

Lot Details

  • 4,378 Sq Ft Lot
  • Waterfront
  • Private Streets
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,624 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Solar Screens
  • Intercom

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

  • Islands Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 92
  • Assessor Parcel Number 302-30-817

Community Details

Overview

  • Association fees include ground maintenance, (see remarks), street maintenance, front yard maint
  • First Service Resid. Association, Phone Number (480) 635-1133
  • Islands Community Association, Phone Number (480) 551-4300
  • Association Phone (480) 545-7740
  • Coral Point Replat Lot 76 101 Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,598

Year Built

Built in 1994

Lot Details

0

HOA Fees

$242 per month

Parking

2

Listing Details

  • Cross Street: Warner and McQueen
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Islands Community
  • 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: 241.97
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1994
  • Tax Year: 2020
  • Directions: From McQueen, GO East on Warner, Left on S. Islands Dr. W, Right at Port of Call into Gated Community - The Falls (see gate code)
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: CORAL POINT REPLAT LOT 76-101
  • Architectural Style: Other (See Remarks)
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Appraiser
  • Association Fees:HOA Fee2: 192.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Intercom, Soft Water Loop, Vaulted Ceiling(s), Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 2624.0
  • Stories: 2
  • Window Features: Sunscreen(s), Dual Pane
  • ResoLivingAreaSource: Appraiser
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Fireplace:Gas Fireplace: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio, Private Street(s)
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Grass Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Ceiling Fan(s), Programmable Thmstat, Refrigeration
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Pool, Lake Subdivision, Playground, Biking/Walking Path, Clubhouse
  • Amenities: Management
  • Association #2 Fee: 299.85
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 192.0
  • Association Fee Frequency: Monthly
  • Association: Islands Community
  • Association Name: The Falls HOA
  • Association Phone #2: 480-545-7740
  • Phone: 480-635-1133
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: The Falls HOA
  • Association Fees:HOA Telephone4: 480-635-1133
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 700.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Snow Property Serv.
  • Association Fees:HOA Management Phone: 480-635-1133
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Cap ImprovementImpact Fee 2: 519.0
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fees:HOA Management Company 2: First Service Resid.
  • Association Fees:HOA Management Phone 2: 480-551-4300
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other (See Remarks), Street Maint, Front Yard Maint

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: 4378.0
  • Parcel #: 302-30-817
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2598.0
  • Tax Book Number: 302.00
  • Tax Lot: 92
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Jan 5, 2021
Sold by
Kostow Charles L and Kostow Marlies C
Bought by
Alvarez Richard and Alvarez Alma A
Seller's Agent
Lorraine Moller
Keller Williams Realty East Valley
Buyer's Agent
Teddy Castro
neXGen Real Estate
List Price
$525,000
Sold Price
$525,000
Total Days on Market
4
Current Estimated Value
$706,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,292
Avg. Annual Appreciation
7.21%
Original Mortgage
$472,500
Outstanding Balance
$426,440
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$286,198

Purchase Details

Listed on
Apr 4, 2018
Closed on
Jun 20, 2018
Sold by
Upton Victoria E
Bought by
Kostow Charles L and Kostow Marlies C
Seller's Agent
Mickie Beshk
The Beshk Group, Inc.
Buyer's Agent
Lorraine Moller
Keller Williams Realty East Valley
List Price
$444,888
Sold Price
$435,000
Premium/Discount to List
-$9,888
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$235,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2001
Sold by
Mezey Deanna L
Bought by
Upton Victoria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.92%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Alvarez Richard $525,000 Uptown Title Agency Llc
Kostow Charles L $435,000 Fidelity National Title Agen
Upton Victoria E $253,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Richard $472,500
Previous Owner Kostow Charles L $235,000
Previous Owner Upton Victoria E $50,000
Previous Owner Upton Victoria E $155,000
Previous Owner Upton Victoria E $153,507
Previous Owner Upton Victoria E $50,000
Previous Owner Upton Victoria E $190,000
Previous Owner Upton Victoria E $100,000
Previous Owner Upton Victoria E $40,000
Previous Owner Upton Victoria E $112,700
Previous Owner Upton Victoria E $123,000
Previous Owner Mezey Armand G $127,385
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $525,000 0.0% $200 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $525,000 +20.7% $200 / Sq Ft
06/29/2018 06/29/18 Sold $435,000 -0.5% $165 / Sq Ft
05/10/2018 05/10/18 Price Changed $437,000 -1.8% $165 / Sq Ft
04/04/2018 04/04/18 For Sale $444,888 -- $168 / 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 $2,422 $29,820 -- --
2024 $2,621 $28,400 -- --
2023 $2,621 $49,750 $9,950 $39,800
2022 $2,549 $41,880 $8,370 $33,510
2021 $2,637 $34,510 $6,900 $27,610
2020 $2,598 $30,950 $6,190 $24,760
2019 $2,413 $28,560 $5,710 $22,850
2018 $2,347 $26,960 $5,390 $21,570
2017 $1,884 $26,100 $5,220 $20,880
2016 $1,950 $24,860 $4,970 $19,890
2015 $1,777 $24,770 $4,950 $19,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6166690

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-817