NOT LISTED FOR SALE

1401 W Coral Reef Dr Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $522,000 - $573,000

3 Beds
2.5 Baths
1,832 Sq Ft
$298/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $536,000 $293 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,341/month

16 Days on Market

Highlights

  • Transportation Service
  • Waterfront
  • Living Room with Fireplace
  • Islands Elementary School Rated A-
  • Community Lake
  • Vaulted Ceiling

About This Home

As of February 2023

RARE, Highly Coveted, South Facing WATERFRONT Lot in the Heart of GILBERT. Priced BELOW MARKET because you want PARADISE & Seller Wants Your Attention. Check out the pics & GET HERE 1st cuz this gem WILL NOT LAST! Imagine no yard work, a POOL w/in steps, & a dock for boating & fishing. DOWNTOWN GILBERT w/Upscale Dining, Pubs, Open Air Events & LEGENDARY ATMOSPHERE is just 2 miles away. Your Dream Home is OVERFLOWING w/amenities (See Upgrades/Options in Doc Section) featuring Travertine Floors, Custom Kitchen Cabs, Granite, Designer Lighting/Plumbing Fixtures, Fireplace, Iron Railings, Vaulted C-lings, Plantation Shutters & the list goes on. WATCH SUNSETS on the Water & Pretend You're in The Florida Keys. We ALL know GILBERT is AZ's Town of Choice. Opportunity has Knocked, WILL YOU ANSWER?

Last Agent to Sell the Property

Joel Scheller

HomeSmart License #SA038125000 Listed on: 01/10/2023

HomeSmart

Co-Listed By

Stacey Scheller

HomeSmart License #SA702440000

Last Buyer's Agent

Tiffany Mickolio

My Home Group Real Estate License #SA674623000

My Home Group Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,260

Year Built

  • Built in 1987

Lot Details

  • 2,034 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Reflective Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,832 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Two Way Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • 2 Fireplaces
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near a bus stop

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 302-30-594

Community Details

Overview

  • Association fees include ground maintenance
  • First Service Association, Phone Number (480) 545-7740
  • Coral Reef Association, Phone Number (480) 551-4300
  • Association Phone (623) 232-8150
  • Built by Screming
  • The Islands Subdivision, The Entertainer Floorplan
  • Community Lake

Amenities

  • Transportation Service
  • Recreation Room

Recreation

  • Community Playground
  • Community Pool
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,260

Year Built

Built in 1987

Lot Details

0

HOA Fees

$171 per month

Parking

2

Listing Details

  • Cross Street: Elliott & McQueen
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Coral Reef
  • HOA #2 Phone Number: 623-232-8150
  • HOA #2 Transfer Fee: 390.0
  • 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: 170.7
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2012
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2012
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2012
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2019
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Tax Year: 2022
  • Directions: East .25 mile to Islands Drive. South to the Epic Landmark Water Feature & Lake of the Islands. East (L) .3 mile on Islands Dr. to Coral Reef. West (R) to YOUR PERSONAL ISLAND PARADISE...Welcome Home!
  • Master Model: The Entertainer
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: cril23
  • Co List Office Phone: 480-346-7505
  • Subdivision Name: The Islands
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 347.11
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Two Way Fireplace: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Two Way Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Vaulted Ceiling(s), Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1832.0
  • Stories: 2
  • Window Features: Skylight(s), Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Transportation Svcs: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Lot Features: Waterfront Lot, Cul-De-Sac, Gravel/Stone Front, Grass Back
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Reflective Coating, Tile, Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: 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

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Pool, Transportation Svcs, Near Bus Stop, Playground, Biking/Walking Path
  • Association #2 Fee: 330.0
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 347.11
  • Association Fee Frequency: Quarterly
  • Association: Coral Reef
  • Association Name: The Islands Comm
  • Association Phone #2: 623-232-8150
  • Phone: 480-545-7740
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 155.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: The Islands Comm
  • Association Fees:HOA Telephone4: 480-545-7740
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 2045.04
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Disclosure Fees HOA: 245.0
  • Association Fees:Other Fees HOA: 250.0
  • Association Fees:Other Fees Description: Future Enhancement
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Special Assessment HOA 2: No
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fees:Disclosure Fees HOA 2: 400.0
  • Association Fees:HOA Management Company 2: First Service
  • Association Fees:HOA Management Phone 2: 480-551-4300

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: 2034.0
  • Parcel #: 302-30-594

Building Info

  • Builder Name: Screming

Tax Info

  • Tax Annual Amount: 2260.0
  • Tax Book Number: 302.00
  • Tax Lot: 38
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Feb 23, 2023
Sold by
George Dunlap Revocable Trust
Bought by
Dakota East Llc
Seller's Agent
Joel Scheller
HomeSmart
Buyer's Agent
Tiffany Mickolio
My Home Group Real Estate
List Price
$550,000
Sold Price
$536,000
Premium/Discount to List
-$14,000
-2.55%
Views
138
Current Estimated Value
$546,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,404
Avg. Annual Appreciation
1.69%

Purchase Details

Closed on
Jan 20, 2021
Sold by
Dunlap George
Bought by
Dunlap George and George Dunlap Revocable Trust

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 8, 2020
Sold by
Milton Dean and Milton Penny
Bought by
Perlenfein Lynn P and Dunlap George
Seller's Agent
Lorraine Moller
Keller Williams Realty East Valley
Buyer's Agent
Lori Schlanger
West USA Realty
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$157,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 11, 2019
Closed on
Jan 12, 2020
Sold by
Perlenfein Lynn P
Bought by
Dunlap George
Seller's Agent
John Jarvis
On Q Property Management
Buyer's Agent
Stacey Miller
Rentals America
Sold Price
$1,875

Purchase Details

Listed on
Jan 28, 2013
Closed on
Feb 28, 2013
Sold by
Scottsdale Real Estate Group Llc
Bought by
Milton Dean and Milton Penny
Seller's Agent
Tom Anderson
Realty Executives Arizona Territory
Buyer's Agent
Jody Sayler
Just Selling AZ
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Dec 6, 2012
Sold by
Fogarty Brenda
Bought by
Dirt Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 2012
Sold by
Dirt Holdings Llc
Bought by
Scottsdale Real Estate Group Llc

Purchase Details

Closed on
Aug 30, 2006
Sold by
Fogarty Brendan
Bought by
Fogarty Brendan and Vesco Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,890
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 25, 2006
Sold by
Vesco Karen
Bought by
Fogarty Brendan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,890
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 22, 2006
Sold by
Moore Virginia H
Bought by
Fogarty Brendan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,890
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 2, 2003
Sold by
Moore Judy M
Bought by
Moore Keith E

Purchase Details

Closed on
Oct 23, 2000
Sold by
Scremin Family Ltd Partnership
Bought by
Moore Allen B and Moore Virginia H

Purchase Details

Closed on
Dec 31, 1997
Sold by
Scremin John C and Scremin Jimmy Ruth
Bought by
Scremin Family Ltd Partnership
Source: Public Records

Range of Values:

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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
Dakota East Llc $536,000 Old Republic Title Agency
Dunlap George -- None Available
Perlenfein Lynn P $390,000 Az Title Agency Llc
Dunlap George $185,000 None Available
Milton Dean $230,000 First American Title Ins Co
Dirt Holdings Llc $167,600 None Available
Scottsdale Real Estate Group Llc -- None Available
Fogarty Brendan -- None Available
Fogarty Brendan -- Equity Title Agency Inc
Fogarty Brendan $308,900 Equity Title Agency Inc
Moore Keith E -- Capital Title Agency Inc
Moore Allen B $164,500 Transnation Title Insurance
Scremin Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perlenfein Lynn P $157,000
Previous Owner Scottsdale Real Estate Group Llc $150,000
Previous Owner Fogarty Brendan $30,890
Previous Owner Fogarty Brendan $247,120
Previous Owner Fogarty Brendan $247,120
Previous Owner Fogarty Brendan $247,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $536,000 -2.5% $293 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $550,000 +41.0% $300 / Sq Ft
07/17/2020 07/17/20 Sold $390,000 0.0% $219 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $390,000 0.0% $219 / Sq Ft
11/22/2019 11/22/19 Rented $1,875 0.0% --
11/06/2019 11/06/19 Under Contract -- -- --
10/15/2019 10/15/19 Price Changed $1,875 -3.8% $1 / Sq Ft
09/11/2019 09/11/19 For Rent $1,950 +14.8% --
10/09/2014 10/09/14 Rented $1,699 -9.4% --
10/08/2014 10/08/14 Under Contract -- -- --
06/16/2014 06/16/14 For Rent $1,875 +21.0% --
05/01/2013 05/01/13 Rented $1,550 -16.2% --
04/25/2013 04/25/13 Under Contract -- -- --
04/05/2013 04/05/13 For Rent $1,850 0.0% --
03/28/2013 03/28/13 Sold $230,000 -4.1% $129 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $239,900 0.0% $135 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $239,900 -- $135 / 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 $2,311 $26,434 -- --
2024 $2,323 $25,175 -- --
2023 $2,323 $37,110 $7,420 $29,690
2022 $2,260 $30,220 $6,040 $24,180
2021 $2,337 $28,350 $5,670 $22,680
2020 $2,303 $27,820 $5,560 $22,260
2019 $2,139 $25,610 $5,120 $20,490
2018 $2,080 $24,210 $4,840 $19,370
2017 $2,012 $23,320 $4,660 $18,660
2016 $2,063 $21,770 $4,350 $17,420
2015 $1,881 $21,770 $4,350 $17,420
Source: Public Records

Agents Affiliated with this Home

  • Joel Scheller

    Seller's Agent in 2023

    Joel Scheller

    HomeSmart

    (602) 647-9222

    1 in this area

    59 Total Sales

    Joel Scheller
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Stacey Scheller

    HomeSmart

    (480) 346-7505

    1 in this area

    21 Total Sales

    Stacey Scheller
    Section Image
  • Tiffany Mickolio

    Buyer's Agent in 2023

    Tiffany Mickolio

    My Home Group

    (480) 347-5379

    4 in this area

    194 Total Sales

    Tiffany Mickolio
    Section Image
  • Lorraine Moller

    Seller's Agent in 2020

    Lorraine Moller

    Keller Williams Realty East Valley

    (480) 717-5028

    22 in this area

    80 Total Sales

    Lorraine Moller
    Section Image

  • L

    Buyer's Agent in 2020

    Lori Schlanger

    West USA Realty

    (480) 722-9800

    1 in this area

    29 Total Sales

    Lori Schlanger
    Section Image

  • J

    Seller's Agent in 2019

    John Jarvis

    On Q Property Management

    John Jarvis
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6506011

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-594

Arizona Maricopa County Gilbert 85233 The Islands

1401 W Coral Reef Dr, Gilbert, AZ

This home is located at 1401 W Coral Reef Dr, Gilbert, AZ 85233 since 10 January 2023 and is currently estimated at $546,404, approximately $298 per square foot. This property was built in 1987. 1401 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

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