NOT LISTED FOR SALE

1422 W Commerce Ave Gilbert, AZ 85233

Northwest Gilbert Neighborhood

Estimated Value: $1,166,000 - $1,244,000

5 Beds
5 Baths
6,298 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $1,000,000 $159 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,140/month

4 Days on Market

Highlights

  • RV Access or Parking
  • Gated Parking
  • Waterfront
  • Playa Del Rey Elementary School Rated A-
  • Gated Community
  • 2-minute walk to McQueen Park

About This Home

As of May 2021

Luxury Waterski Community in the heart of Gilbert! This is the perfect home for a family who is interested in wakeboarding or wakesurfing. The rarest combination of location and lifestyle! 5 beds, 5 baths featuring a beautiful, large kitchen/family room area, sound-proof office, 2 full kitchens, 3 laundry rooms, air-conditioned garages, lots of storage and a north facing corner lot right on the lake. This home offers a private dock and beach front on one of the only 3 waterski lakes in the East Valley. The ski lake has a 5 buoy course for competition training or practicing. You have the option of living in 5,000 sq. ft. of the main home and put guests or a tenant in the 1,200 sq. ft. next gen suite which has a separate entrance. You won't find another one like this unique home!

Last Agent to Sell the Property

Tricia Costa

West USA Realty License #SA546846000 Listed on: 04/01/2021

Last Buyer's Agent

Adam Lee

eXp Realty License #SA567325000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,074

Year Built

  • Built in 2008

Lot Details

  • 9,924 Sq Ft Lot
  • Waterfront
  • Partially Fenced Property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $224 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Gated Parking
  • RV Access or Parking

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,298 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 1 Fireplace
  • Low Emissivity Windows
  • Tinted Windows
  • Solar Screens
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Schools

  • Playa Del Rey Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Central Air
  • Heating Available
  • Water Purifier
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 310-08-352

Community Details

Overview

  • Association fees include ground maintenance
  • Playa Del Rey Association, Phone Number (480) 682-3209
  • Built by Custom
  • Playa Del Rey Amended Subdivision
  • Community Lake

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,074

Year Built

Built in 2008

Lot Details

0

HOA Fees

$224 per month

Parking

3

Listing Details

  • Cross Street: Guadalupe & McQueen
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 224.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2008
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.23
  • Subdivision Name: PLAYA DEL REY AMENDED
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 158.78
  • Association Fees:HOA Fee2: 224.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop, Water Purifier
  • Total Bedrooms: 5
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Soft Water Loop, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 6298.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Solar Screens, Tinted Windows
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Other Rooms:Separate Workshop: Yes
  • Other Rooms:Media Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block, None, Partial
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Synthetic Stucco, Stucco, Wood Frame, Painted
  • Other Structures: Gazebo
  • Roof: Composition, Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Access/Parking, Gated, Garage Door Opener, Extended Length Garage, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes
  • Parking Features:RV AccessParking: Yes
  • Parking Features:Gated2: Yes

Utilities

  • 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, Gated
  • Association Fee: 224.0
  • Association Fee Frequency: Monthly
  • Association Name: Playa Del Rey
  • Phone: 480-682-3209
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Playa Del Rey
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Playa Del Rey 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: 9924.0
  • Parcel #: 310-08-352

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 6074.0
  • Tax Book Number: 310.00
  • Tax Lot: 20
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 27, 2021
Sold by
Wright Justin and Wright Jennifer
Bought by
Smith Dustin
Seller's Agent
Tricia Costa
West USA Realty
Buyer's Agent
Adam Lee
eXp Realty
List Price
$999,900
Sold Price
$1,000,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
$1,218,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,903
Avg. Annual Appreciation
4.27%
Original Mortgage
$800,000
Outstanding Balance
$723,866
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$495,037

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 22, 2021
Sold by
Smith Deborah Anne and Smith Dustin
Bought by
Smith Dustin
Seller's Agent
Tricia Costa
West USA Realty
Buyer's Agent
Adam Lee
eXp Realty
List Price
$999,900
Sold Price
$1,000,000
Premium/Discount to List
$100
0.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$723,866
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$495,037

Purchase Details

Closed on
Apr 18, 2007
Sold by
Commerce Estate Llc
Bought by
Wright Justin and Wright Jennifer

Purchase Details

Closed on
Sep 28, 2006
Sold by
W Resources Llc
Bought by
Commerce Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.36%
Mortgage Type
Assumption

Purchase Details

Closed on
Jan 31, 2003
Sold by
Playa Del Rey Lp
Bought by
W Resources Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Dustin $1,000,000 Ez Title Agency Llc
Smith Dustin -- Ez Title Agency Llc
Wright Justin $400,000 Lawyers Title Insurance Corp
Commerce Real Estate Llc $545,000 None Available
W Resources Llc $530,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Dustin $800,000
Previous Owner Commerce Real Estate Llc $525,000
Previous Owner W Resources Llc $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $1,000,000 0.0% $159 / Sq Ft
04/01/2021 04/01/21 For Sale $999,900 -- $159 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $6,888 $82,473 -- --
2024 $6,649 $78,545 -- --
2023 $6,649 $96,900 $19,380 $77,520
2022 $6,450 $75,110 $15,020 $60,090
2021 $6,692 $70,560 $14,110 $56,450
2020 $6,584 $68,200 $13,640 $54,560
2019 $6,074 $66,250 $13,250 $53,000
2018 $5,890 $65,580 $13,110 $52,470
2017 $5,678 $64,250 $12,850 $51,400
2016 $5,836 $63,280 $12,650 $50,630
2015 $5,269 $63,650 $12,730 $50,920
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tricia Costa

    West USA Realty

  • Adam Lee

    Buyer's Agent in 2021

    Adam Lee

    eXp Realty

    (480) 331-3501

    1 in this area

    108 Total Sales

    Adam Lee
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6215378

Arizona Regional Multiple Listing Service (ARMLS)

APN: 310-08-352

Arizona Maricopa County Gilbert 85233 Northwest Gilbert

1422 W Commerce Ave, Gilbert, AZ

Not Listed for Sale

Detached

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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