NOT LISTED FOR SALE

1345 W Coral Reef Dr Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $447,000 - $502,000

2 Beds
2 Baths
1,148 Sq Ft
$416/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $490,000 $427 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,077/month

2 Days on Market

Highlights

  • Transportation Service
  • Waterfront
  • Vaulted Ceiling
  • Islands Elementary School Rated A-
  • Community Lake
  • Wood Flooring

About This Home

As of November 2023

You'll LOVE this charming WATERFRONT Home in Townhomes @ Coral Reef! With 2 beds, 2 baths, and a 2-car garage, it provides an inviting & convenient lifestyle. Enter to be greeted by the grandeur of the large great room paired with a cozy fireplace & vaulted ceilings that add to the spacious feel! Neutral palette and a mix of tile & wood flooring throughout enhance the overall vibe. The kitchen boasts sleek SS appliances, granite counters, wood cabinetry, and a peninsula w/breakfast bar. Double-door main bedroom has an ensuite with a separate tub/shower, dual sinks, & a walk-in closet. Moving outdoors, the back patio awaits! It is the perfect spot to relax while enjoying the delightful lake views. PLUS! This gem includes a private boat dock for your water adventures. Ready to move in NOW!!

Last Listed By

Vikki Gorman

Realty Executives License #SA682253000 Listed on: 10/06/2023

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,930

Year Built

  • Built in 1987

Lot Details

  • 2,178 Sq Ft Lot
  • Waterfront
  • End Unit
  • 1 Common Wall
  • Cul-De-Sac
  • Partially Fenced Property
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,148 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Living Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Built-In Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 302-30-598

Community Details

Overview

  • Association fees include ground maintenance
  • Fs Residential Association, Phone Number (623) 232-8150
  • The Islands Comm Association
  • Association Phone (480) 545-7740
  • Townhomes At Coral Reef Subdivision
  • Community Lake

Amenities

  • Transportation Service
  • Recreation Room

Recreation

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,930

Year Built

Built in 1987

Lot Details

0

HOA Fees

$269 per month

Parking

2

Listing Details

  • Cross Street: W Elliot Rd & S McQueen Rd
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: The Islands Comm
  • 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: 269.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Tax Year: 2022
  • Directions: Head east on W Elliot Rd, Turn right onto S Islands Dr, Turn left onto S Islands Dr E, Turn right onto W Coral Reef Dr. Property will be on the left.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: reax09
  • Co List Office Phone: 480-948-9450
  • Subdivision Name: TOWNHOMES AT CORAL REEF
  • Architectural Style: Ranch
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 211.15
  • Cooling:Central Air: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 1148.0
  • Stories: 1
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Assessor
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Transportation Svcs: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block, Partial
  • Lot Features: Waterfront Lot, Cul-De-Sac, Grass Front, Grass Back
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Spa, Community Pool, Transportation Svcs, Near Bus Stop, Playground, Biking/Walking Path
  • Association #2 Fee: 347.11
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 211.15
  • Association Fee Frequency: Monthly
  • Association: The Islands Comm
  • Association Name: TH@Coral Reef
  • Association Phone #2: 480-545-7740
  • Phone: 602-277-4418
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: TH@Coral Reef
  • Association Fees:HOA Telephone4: 602-277-4418
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 422.3
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Arizona AMG
  • Association Fees:HOA Management Phone: 623-232-8150
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Special Assessment HOA 2: No
  • Association Fees:Cap ImprovementImpact Fee 2: 2045.04
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fees:Prepaid Association Fees HOA 2: 347.11
  • Association Fees:Disclosure Fees HOA 2: 245.0
  • Association Fees:HOA Management Company 2: FS Residential
  • Association Fees:HOA Management Phone 2: fsresidential.com

Fee Information

  • Association Fee Includes: Maintenance Grounds

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: 2178.0
  • Parcel #: 302-30-598
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1930.0
  • Tax Book Number: 302.00
  • Tax Lot: 42
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 3, 2023
Sold by
Kudrna Deanna
Bought by
Bowen Rebecca
Seller's Agent
Vikki Gorman
Realty Executives
Buyer's Agent
Lisa Gifford
Keller Williams Integrity First
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%
Total Days on Market
2
Views
40
Current Estimated Value
$477,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,644
Avg. Annual Appreciation
-1.65%
Original Mortgage
$343,000
Outstanding Balance
$338,169
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$139,187

Purchase Details

Closed on
Apr 9, 2001
Sold by
Brown Roger Earl
Bought by
Gustafson Dean K

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Gilbert, AZ

  • 20 S Buena Vista Ave Unit 111, Gilbert, AZ 85296

    $379,900

    • 2 Beds
    • 1.5 Baths
    • 1,190 Sq Ft
    • 20 S Buena Vista Ave
    • Unit 111
    • Gilbert, AZ

    Modern Comfort Meets Prime Location in Gilbert! Welcome to your new home in the heart of Gilbert! This charming and move-in ready 2 bed, 2 bath condo in the desirable Colonia Grande Casitas offers the perfect blend of comfort, convenience, and community living. Step inside to a bright and spacious open floor plan featuring vaulted ceilings, plenty of natural light, and tasteful updates

    Angela Alger Barrett Real Estate

    Section Image
  • 3507 E Erie St, Gilbert, AZ 85295

    $465,000

    • 3 Beds
    • 2.5 Baths
    • 1,884 Sq Ft
    • 3507 E Erie St
    • Gilbert, AZ

    Freshly updated with new paint, carpet, and artificial turf, this 3-bedroom plus den, 2.5-bath home in Lyons Gate offers modern comfort in a prime location. The open-concept main level features neutral tile flooring, a versatile den, and a convenient half bath. The stylish kitchen boasts stainless steel appliances, a gas stove, granite countertops, a pantry, and direct access to the garage.

    Danny Kallay Compass

    Section Image
  • 4786 E Laurel Ct, Gilbert, AZ 85234

    $399,999

    • 3 Beds
    • 2.5 Baths
    • 1,375 Sq Ft
    • 4786 E Laurel Ct
    • Gilbert, AZ

    Charming two story home in La Aldea Community. This home has 3 bedrooms and 2.5 baths. New stainless appliances, including brand new washer and dryer. Fresh exterior paint. New Hvac system. Small low maintenance yard, plus fenced side yard. Shared driveway to private 2-car garage. Community offers grassed parks, with playgrounds, walking paths and a beautiful community pool and spa. Highly

    April Kuhlmann OMNI Homes International

    Section Image
See All Homes in Gilbert

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
Bowen Rebecca $490,000 First American Title Insurance
Gustafson Dean K $142,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Rebecca $343,000
Previous Owner Gustafson Dean K $105,450
Previous Owner Gustafson Dean K $113,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $490,000 -2.0% $427 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $500,000 -- $436 / 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 $22,576 -- --
2024 $1,984 $21,501 -- --
2023 $1,984 $31,630 $6,320 $25,310
2022 $1,930 $25,980 $5,190 $20,790
2021 $1,996 $24,170 $4,830 $19,340
2020 $1,967 $23,550 $4,710 $18,840
2019 $1,827 $21,630 $4,320 $17,310
2018 $1,777 $20,550 $4,110 $16,440
2017 $1,719 $19,560 $3,910 $15,650
2016 $1,762 $17,770 $3,550 $14,220
2015 $1,607 $17,910 $3,580 $14,330
Source: Public Records

Agents Affiliated with this Home

  • Vikki Gorman

    Seller's Agent in 2023

    Vikki Gorman

    Realty Executives

    (480) 602-6892

    1 in this area

    139 Total Sales

    Vikki Gorman
    Section Image
  • Deborah Rivers

    Seller Co-Listing Agent in 2023

    Deborah Rivers

    Realty Executives

    (480) 276-4600

    1 in this area

    70 Total Sales

    Section Image

  • L

    Buyer's Agent in 2023

    Lisa Gifford

    Keller Williams Integrity First

    2 in this area

    33 Total Sales

    Lisa Gifford
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6614838

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-598

Arizona Maricopa County Gilbert 85233 The Islands

1345 W Coral Reef Dr, Gilbert, AZ

Homes for Sale in Gilbert, AZ

This home is located at 1345 W Coral Reef Dr, Gilbert, AZ 85233 since 06 October 2023 and is currently estimated at $477,356, approximately $415 per square foot. This property was built in 1987. 1345 W Coral Reef Dr is a home located in Maricopa County with nearby schools including Islands Elementary School, Mesquite High School, and Mesquite Junior High School.

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

Nearby Homes