NOT LISTED FOR SALE

Estimated Value: $641,000 - $735,000

3 Beds
2.5 Baths
3,185 Sq Ft
$211/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $374,000 $117 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,040/month

48 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Balcony
  • Islands Elementary School Rated A-
  • Community Pool
  • Cul-De-Sac

About This Home

As of May 2017

Take advantage of this rare opportunity to own the largest Townhome at Coral Reef subdivision. Located in The Islands and with a waterfront view, this unique home is over 3,000 sf. The kitchen boasts Travertine Countertops, SS Appliances, and a formal AND informal dining area. Brand New Carpet and Freshly Painted! New tile in both upstairs bathrooms! The Master Bedroom suite has a wet bar (also with a Travertine Countertop), a Walk-in Closet with built-ins, and French Doors leading to a balcony with water views. French Doors from the Great Room opens to a large outside patio with stunning views of the waterway and a PRIVATE BOAT DOCK to access your personal watercraft. Don't miss this one...it will go FAST!

Last Agent to Sell the Property

Dennis Kolasa

West USA Realty License #SA655075000 Listed on: 03/03/2017

West USA Realty

Co-Listed By

Carlos Cicero

West USA Realty License #SA633100000

Last Buyer's Agent

Gary Colin

Real Broker License #SA031143000

Real Broker

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,827

Year Built

  • Built in 1997

Lot Details

  • 2,187 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Private Streets
  • Front and Back Yard Sprinklers

HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,185 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Built-In Microwave

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

Home Security

Outdoor Features

  • Balcony
  • Patio

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 302-30-573

Community Details

Overview

  • Association fees include ground maintenance
  • First Serv Resident Association, Phone Number (602) 277-4418
  • The Islands Association, Phone Number (480) 551-4300
  • Association Phone (480) 551-4300
  • The Islands/Townhomes On Coral Reef Subdivision
  • Community Lake

Recreation

  • Community Pool

Security

  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,827

Year Built

Built in 1997

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Cross Street: MCQUEEN & ELLIOT - EAST TO SO.ISLAND DR
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: The Islands
  • HOA #2 Phone Number: 480-551-4300
  • 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: 239.64
  • Basement: N
  • Items Updated Floor Yr Updated: 2017
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Tax Year: 2016
  • Directions: Turn Right onto South Island Drive. Turn Left onto S Islands Dr E. Turn Right onto W Coral Reef Dr.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: wsrr01
  • Co List Office Phone: 480-722-9800
  • Subdivision Name: The Islands/Townhomes on Coral Reef
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 196.05
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Breakfast Bar, Fire Sprinklers, Wet Bar, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3185.0
  • Stories: 2
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Lake Subdivision: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Other, Balcony, Patio, Private Street(s)
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Community Pool, Lake Subdivision
  • Amenities: Management
  • Association #2 Fee: 261.51
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 196.05
  • Association Fee Frequency: Monthly
  • Association: The Islands
  • Association Name: Coral Reef
  • Association Phone #2: 480-551-4300
  • Phone: 602-277-4418
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Coral Reef
  • Association Fees:HOA Telephone4: 602-277-4418
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Osselaer Prof MGMT
  • Association Fees:HOA Management Phone: 602-277-4418
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Cap ImprovementImpact Fee 2: 52706.0
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fees:HOA Management Company 2: First Serv Resident
  • 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: 2187.0
  • Parcel #: 302-30-573
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2827.0
  • Tax Book Number: 302.00
  • Tax Lot: 17
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2019
Sold by
Koreski Robert J and Koreski Patricia L
Bought by
Koreski Robert J and Koreski Patricia L
Current Estimated Value
$672,659

Purchase Details

Listed on
Mar 3, 2017
Closed on
May 22, 2017
Sold by
Horrisberger Clara B and Duffey Marilyn F
Bought by
Koreski Robert J and Koreski Patricia L
Seller's Agent
Dennis Kolasa
West USA Realty
Buyer's Agent
Gary Colin
Real Broker
List Price
$414,000
Sold Price
$374,000
Premium/Discount to List
-$40,000
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$299,200
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2007
Sold by
Horrisberger Clara B
Bought by
Horrisberger Clara B and Duffey Marilyn F

Purchase Details

Closed on
Nov 22, 2002
Sold by
John Scremin Development Inc
Bought by
Horrisberger Clara B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
6.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Koreski Robert J -- None Available
Koreski Robert J $374,000 Magnus Title Agency Llc
Horrisberger Clara B -- None Available
Horrisberger Clara B $246,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koreski Robert J $292,250
Closed Koreski Robert J $299,200
Previous Owner Horrisberger Clara B $196,800
Previous Owner Horrisberger Clara B $196,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $374,000 -6.2% $117 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
04/12/2017 04/12/17 Price Changed $398,900 -3.6% $125 / Sq Ft
03/03/2017 03/03/17 For Sale $414,000 0.0% $130 / Sq Ft
01/10/2014 01/10/14 Rented $1,595 0.0% --
01/03/2014 01/03/14 Under Contract -- -- --
12/16/2013 12/16/13 For Rent $1,595 +6.3% --
04/16/2012 04/16/12 Rented $1,500 -16.4% --
03/28/2012 03/28/12 Under Contract -- -- --
03/05/2012 03/05/12 For Rent $1,795 -- --
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 $2,601 $36,217 -- --
2024 $2,640 $34,492 -- --
2023 $2,640 $50,030 $10,000 $40,030
2022 $2,560 $39,800 $7,960 $31,840
2021 $2,705 $37,570 $7,510 $30,060
2020 $2,663 $37,150 $7,430 $29,720
2019 $2,447 $34,600 $6,920 $27,680
2018 $2,372 $32,710 $6,540 $26,170
2017 $2,289 $32,050 $6,410 $25,640
2016 $2,827 $31,110 $6,220 $24,890
2015 $2,577 $31,120 $6,220 $24,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5569370

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-573