NOT LISTED FOR SALE

1486 E Rakestraw Ln Gilbert, AZ 85298

South Gilbert Neighborhood

Estimated Value: $839,926 - $890,000

4 Beds
3 Baths
2,795 Sq Ft
$311/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $955,000 $342 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $5,129/month

71 Days on Market

Highlights

  • Play Pool
  • Gated Community
  • Furnished
  • Weinberg Gifted Academy Rated A
  • Community Lake
  • Covered patio or porch

About This Home

As of May 2024

Beautiful ranch elevation, model home in Meadowlark at Waterston North. This home is offered fully furnished and includes professional landscaping in the front and backyard, features a pool, and backs to a greenbelt. Executive gourmet kitchen with GE Cafe Profile appliances, GE Cafe refrigerator, a wine fridge at the kitchen island, dark tone cabinetry with 42'' uppers, and upgraded quartz countertops with a waterfall island. Upgraded plumbing fixtures and lighting fixtures, GE front load washer and dryer in the laundry with cabinets and a sink, spa bath with a freestanding tub, ceramic tile flooring, and a garage service door. Optional 4th bedroom with bathroom 3. There are also pavers at the driveway, walkway, and porch, a gas stub at the patio, and soft water loop in the garage.

Last Agent to Sell the Property

Craig Tucker

Tri Pointe Homes Arizona Realty License #BR040146000 Listed on: 01/23/2024

Last Buyer's Agent

Don Wong

R.S.V.P. Realty License #SA031549000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,986

Year Built

  • Built in 2022

Lot Details

  • 6,692 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers

HOA Fees

  • $163 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Cellulose Insulation
  • Tile Roof
  • Concrete Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 2,795 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Smart Home

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures

Outdoor Features

  • Play Pool
  • Covered patio or porch

Schools

  • Robert J.C. Rice Elementary School
  • Willie & Coy Payne Jr. High Middle School
  • Perry High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 166
  • Assessor Parcel Number 313-33-644

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • City Property Association, Phone Number (602) 437-4777
  • Built by Tri Pointe Homes
  • Waterston North Phase 1 Subdivision, Laurel 4002 A Floorplan
  • Community Lake

Recreation

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

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,986

Year Built

Built in 2022

Lot Details

0

HOA Fees

$163 per month

Parking

2

Listing Details

  • Cross Street: NW Corner of Val Vista Dr. & Ocotillo Rd.
  • Legal Info Range: 6E
  • 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: 163.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2022
  • Tax Year: 2023
  • Master Model: Laurel - 4002-A
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.15
  • Subdivision Name: WATERSTON NORTH PHASE 1
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 163.0
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Smart Home, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Furnished(See Rmrks), Soft Water Loop, Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 2795.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Dual Pane, Vinyl Frame
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Built In Recycling: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Back, Desert Front, Synthetic Grass Frnt, Synthetic Grass Back, Irrigation Front, Irrigation Back
  • Pool Features: Play Pool, Private
  • Disclosures: None
  • Common Walls: No Common Walls
  • Construction Type: Stucco, Wood Frame, Blown Cellulose, Painted, Stone
  • Patio And Porch Features: Covered Patio(s), Patio
  • Property Condition: Complete Spec Home
  • Roof: Tile, Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Construction Status:Complete Spec Home: Yes
  • Construction:Blown Cellulose: 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: Programmable Thmstat
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Lake, Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Playground, Biking/Walking Path
  • Association Fee: 163.0
  • Association Fee Frequency: Monthly
  • Association Name: Waterston Community
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 326.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Waterston Community
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 326.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 326.0
  • Association Fees:Other Fees HOA: 1630.0
  • Association Fees:Other Fees Description: Declarant Sale/Escrow Fee
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: City Property
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Robert J.C. Rice Elementary School
  • High School: Perry High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willie & Coy Payne Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6692.0
  • Parcel #: 313-33-644

Green Features

  • Green Water Conservation: Low-Flow Fixtures, Tankless Ht Wtr Heat
  • GreenEnergy Cert:Energy Star Cert: Yes
  • GreenEnergy Cert:Indoor airPLUS Pkg: Yes
  • GreenEnergy Cert:LEED Certified: Yes
  • GreenEnergy Cert:LEED Nghbrhood Dev: Yes

Building Info

  • Builder Name: Tri Pointe Homes

Tax Info

  • Tax Annual Amount: 2986.0
  • Tax Book Number: 313.00
  • Tax Lot: 166
  • Tax Map Number: 33.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2024
Closed on
May 15, 2024
Sold by
Tri Pointe Homes Az 91 Llc
Bought by
Yadav Rahul and Singh Richa
Seller's Agent
Craig Tucker
Tri Pointe Homes Arizona Realty
Buyer's Agent
Don Wong
R.S.V.P. Realty
List Price
$1,066,034
Sold Price
$955,000
Premium/Discount to List
-$111,034
-10.42%
Views
36
Current Estimated Value
$860,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$94,190
Avg. Annual Appreciation
-10.39%
Original Mortgage
$600,000
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2022
Sold by
Waterston North-Gilbert Lp
Bought by
Tri Pointe Homes Arizona 91 Llc
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
Yadav Rahul $955,000 None Listed On Document
Tri Pointe Homes Arizona 91 Llc $16,815,686 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yadav Rahul $600,000
Closed Yadav Rahul $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $955,000 -4.3% $342 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
03/20/2024 03/20/24 Price Changed $998,034 -6.4% $357 / Sq Ft
01/23/2024 01/23/24 For Sale $1,066,034 -- $381 / 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 $2,543 $33,124 -- --
2024 $2,986 $31,547 -- --
2023 $2,986 $52,710 $10,540 $42,170
2022 $288 $4,695 $4,695 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Craig Tucker

    Tri Pointe Homes Arizona Realty

    (480) 970-6000

    69 in this area

    461 Total Sales

    Section Image

  • D

    Buyer's Agent in 2024

    Don Wong

    R.S.V.P. Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6654180

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-33-644

Arizona Maricopa County Gilbert 85298 South Gilbert

1486 E Rakestraw Ln, Gilbert, AZ

This home is located at 1486 E Rakestraw Ln, Gilbert, AZ 85298 since 23 January 2024 and is currently estimated at $868,482, approximately $310 per square foot. This property was built in 2022. 1486 E Rakestraw Ln is a home located in Maricopa County with nearby schools including Weinberg Gifted Academy, Willie & Coy Payne Jr. High School, and Ball Charter Schools (Val Vista).

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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