$229,000
SOLD FEB 8, 2013
3 Beds
2.5 Baths
2,459 Sq Ft
$226/mo HOA Fee

Recently Sold

$93 Per Sq Ft

23% Below List Price

91 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Granite Countertops
  • Islands Elementary School Rated A-
  • Spanish Architecture
  • Heated Community Pool

About This Home

As of February 2013

BEST PRICE PER SQ. FT. OF ANY HOME ON THE WATER IN THE ISLANDS (WITH YOUR OWN DOCK). This new remodel features new cabinets, granite counter tops, new carpet, tile, and wood flooring. The home features high ceilings, is open and bright with a large great room off the kitchen that overlooks the water. The kitchen has a breakfast bar and a separate desk area. The home features an office/den right off the front foyer. Up the stairs is a huge master suite with another built-in desk area and with views overlooking the lake. Two bedrooms share a Jack and Jill bathroom! New A/C unit!

Last Agent to Sell the Property

Charles Varga

Realty ONE Group License #BR500428000 Listed on: 10/15/2012

Co-Listed By

Heather Valdes

Citiea License #BR628415000

Last Buyer's Agent

Mei Dai

Pro May Consulting, LLC License #BR576946000

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,789

Year Built

  • Built in 1997

Lot Details

  • 2,226 Sq Ft Lot
  • Waterfront
  • Two or More Common Walls

HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 2,459 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Solar Screens

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Schools

  • Islands Elementary School
  • Willis Junior High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 302-30-568

Community Details

Overview

  • Association fees include ground maintenance, maintenance exterior
  • Town Homes At Coral Association, Phone Number (480) 545-7740
  • The Islands Association, Phone Number (480) 545-7740
  • Association Phone (480) 545-7740
  • The Islands Subdivision
  • Community Lake

Recreation

  • Heated Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,789

Year Built

Built in 1997

Lot Details

0

HOA Fees

$226 per month

Parking

2

Listing Details

  • Cross Street: McQueen and Elliott
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: The Islands
  • HOA #2 Phone Number: 480-545-7740
  • HOA #2 Transfer Fee: 400.0
  • HOA #2: Y
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 226.36
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2012
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2012
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2012
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2012
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2012
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2012
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1997
  • Tax Year: 2012
  • Directions: East on Elliott from McQueen and South on South Island Drive. Left at traffic circle on South Island Drive East to Coral Reef Drive. Turn into complex and to the unit.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: The Islands
  • Architectural Style: Spanish
  • Efficiency: Multi-Zones
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 188.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Flooring: Carpet, Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Eat-in Kitchen, Breakfast Bar, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 2459.0
  • Stories: 2
  • Window Features: Sunscreen(s)
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Community Pool Htd: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Waterfront Lot
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

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

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool Htd, Community Pool, Lake Subdivision
  • Amenities: Management
  • Association #2 Fee: 230.2
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 188.0
  • Association Fee Frequency: Monthly
  • Association: The Islands
  • Association Name: Town Homes at Coral
  • Association Phone #2: 480-545-7740
  • Phone: 480-545-7740
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 264.75
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Town Homes at Coral
  • Association Fees:HOA Telephone4: 480-545-7740
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Phone: 480-545-7740
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fee Incl:Exterior Mnt of Unit: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Exterior

Schools

  • Elementary School: Islands Elementary School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2226.0
  • Parcel #: 302-30-568
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1788.56
  • Tax Book Number: 302.00
  • Tax Lot: 12
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2012
Closed on
Feb 5, 2013
Sold by
Whisper Rock Llc
Bought by
Qiu Difei and Xiao Xiaoyao
Seller's Agent
Charles Varga
Realty ONE Group
Buyer's Agent
Mei Dai
Pro May Consulting, LLC
List Price
$297,500
Sold Price
$229,000
Premium/Discount to List
-$68,500
-23.03%
Current Estimated Value
$632,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,764
Avg. Annual Appreciation
8.47%

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jul 3, 2012
Sold by
Karam Robin
Bought by
Whisper Rock Llc
Seller's Agent
Charles Varga
Realty ONE Group
Buyer's Agent
Heather Valdes
Citiea
List Price
$77,000
Sold Price
$77,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
600.26%

Purchase Details

Closed on
Jul 10, 2008
Sold by
Nagra Nirmal
Bought by
Not Provided

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 2007
Sold by
Nagra Nirmal
Bought by
Nagra Nirmal and Karam Robin

Purchase Details

Closed on
Mar 22, 2006
Sold by
Nagra Gurmeet
Bought by
Nagra Nirmal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 15, 2006
Sold by
John Scremin Development Inc
Bought by
Nagra Nirmal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Cash Sale Deed $229,000 Driggs Title Agency Inc
Cash Sale Deed $79,000 Lawyers Title Of Arizona Inc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Transnation Title Ins Co
Warranty Deed $410,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $299,000 Credit Line Revolving
Previous Owner $328,000 Fannie Mae Freddie Mac
Previous Owner $328,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2013 04/13/13 Rented $1,480 -6.3% --
04/13/2013 04/13/13 Under Contract -- -- --
02/14/2013 02/14/13 For Rent $1,580 0.0% --
02/08/2013 02/08/13 Sold $229,000 -11.9% $93 / Sq Ft
01/14/2013 01/14/13 Pending -- -- --
12/19/2012 12/19/12 Price Changed $259,900 -6.8% $106 / Sq Ft
11/07/2012 11/07/12 Price Changed $279,000 -6.2% $113 / Sq Ft
10/15/2012 10/15/12 For Sale $297,500 +286.4% $121 / Sq Ft
07/20/2012 07/20/12 Sold $77,000 0.0% $31 / Sq Ft
03/21/2012 03/21/12 For Sale $77,000 0.0% $31 / Sq Ft
03/20/2012 03/20/12 Off Market $77,000 -- --
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 $2,805 $32,077 -- --
2024 $2,820 $30,550 -- --
2023 $2,820 $44,750 $8,950 $35,800
2022 $2,742 $36,030 $7,200 $28,830
2021 $2,836 $33,920 $6,780 $27,140
2020 $2,794 $33,050 $6,610 $26,440
2019 $2,596 $30,600 $6,120 $24,480
2018 $2,524 $28,910 $5,780 $23,130
2017 $2,442 $28,100 $5,620 $22,480
2016 $2,503 $26,960 $5,390 $21,570
2015 $2,283 $26,920 $5,380 $21,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4834524

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-568