NOT LISTED FOR SALE

1498 W Commerce Ave Gilbert, AZ 85233

Northwest Gilbert Neighborhood

Estimated Value: $835,000 - $1,092,000

5 Beds
4 Baths
4,063 Sq Ft
$237/Sq Ft Est. Value

Highlights

  • 0.22 Acre Lot
  • Vaulted Ceiling
  • Eat-In Kitchen
  • Playa Del Rey Elementary School Rated A-
  • 1 Fireplace
  • 4-minute walk to McQueen Park

About This Home

As of September 2020

Lake living at its best in Gilbert! This gated community boasts 2 lakes, 1 for water craft recreational use and the other for tranquil enjoyment. This 5 bedroom 4 bathroom home has the highest quality finishes and updates one can hope for in this price range. Updates and finishes include, but not exclusive to: crown molding, brand new interior paint, granite counter tops. Enter this home to find a two-story foyer lit by arched windows, leading to a grand staircase. The open, eat-in kitchen gleams with stainless appliances and granite counters and back-splash. Upstairs, beyond the generous loft, find the master bedroom, which boasts a private balcony and luxurious en-suite bath with a jetted tub and separate shower. Playa del Rey community, which has its own putt-putt course and playground, and is located near convenient shopping and casual dining options.

Last Agent to Rent the Property

Venkata Narla

Lotus Real Estate License #BR548234000 Listed on: 08/15/2020

Co-Listed By

Jennifer Asis

Lotus Real Estate License #SA679040000

Last Renter's Agent

Jennifer Asis

Lotus Real Estate License #SA679040000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 9,749 Sq Ft Lot
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,063 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 1 Fireplace
  • Double Pane Windows
  • Solar Screens
  • Intercom

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 4 Bathrooms
  • Bathtub With Separate Shower Stall

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Community Details

  • Property has a Home Owners Association
  • Playa Del Rey Association, Phone Number (480) 682-3209
  • Playa Del Rey Amended Subdivision

Listing and Financial Details

  • Property Available on 8/15/20
  • 12-Month Minimum Lease Term
  • Tax Lot 27
  • Assessor Parcel Number 310-08-359

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Parking

3

Rental Info

  • HOA Paid By: Landlord
  • Available Date: 2020-08-15

Listing Details

  • Cross Street: Guadalupe & McQueen
  • Property Type: Residential Lease
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1998
  • Non Assistive Animals: Call
  • Rental Info Rental Tax Percent: 1.5
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.22
  • Co List Office Mls Id: lotu001
  • Co List Office Phone: 602-773-1259
  • Subdivision Name: PLAYA DEL REY AMENDED
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Appliances: Disposal, Dishwasher, Refrigerator, Gas Cooktop, Microwave, Reverse Osmosis, Gas Range, Gas Oven, Dryer, Washer, Water Softener
  • Other Equipment: Intercom
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Full Bth Master Bdrm, Separate Shwr & Tub, Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry, Granite Counters, Vaulted Ceiling(s)
  • Living Area: 4063.0
  • Stories: 2
  • Window Features: Shutters, Blinds, Solar Screens, Dual Pane, Low-Emissivity Windows

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Gravel/Stone Front, Grass Back, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Private: No
  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 3.0
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0

Utilities

  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake
  • Association Name: Playa Del Rey
  • Phone: 480 682 3209
  • Association: Yes
  • Pets Allowed: Call

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

  • Lot Size Sq Ft: 9749.0
  • Parcel #: 310-08-359

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2006
Sold by
Panchanathan Sethuraman and Panchanathan Sarada S
Bought by
Panchanathan Sethuraman and Panchanathan Sarada
Current Estimated Value
$962,099

Purchase Details

Closed on
May 21, 1998
Sold by
Playa Del Rey Ltd Partnership
Bought by
Panchanathan Sethuraman and Panchanathan Sarada S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,312
Outstanding Balance
$61,771
Interest Rate
7.13%
Estimated Equity
$900,328
Source: Public Records
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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
Panchanathan Sethuraman -- --
Panchanathan Sethuraman -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panchanathan Sethuraman $315,312
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Rented $3,750 0.0% --
08/15/2020 08/15/20 For Rent $3,750 -- --
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 $5,130 $56,498 -- --
2024 $4,966 $53,807 -- --
2023 $4,966 $73,850 $14,770 $59,080
2022 $4,830 $57,200 $11,440 $45,760
2021 $4,995 $53,000 $10,600 $42,400
2020 $4,321 $50,430 $10,080 $40,350
2019 $3,972 $47,580 $9,510 $38,070
2018 $3,846 $46,180 $9,230 $36,950
2017 $3,701 $44,730 $8,940 $35,790
2016 $3,809 $43,860 $8,770 $35,090
2015 $3,421 $43,650 $8,730 $34,920
Source: Public Records

Agents Affiliated with this Home

  • Venkata Narla

    Landlord's Agent in 2020

    Venkata Narla

    Lotus Real Estate

    (480) 570-3987

    25 Total Sales

    Venkata Narla
    Section Image

  • J

    Landlord's Co-Listing Agent in 2020

    Jennifer Asis

    Lotus Real Estate

    (480) 213-7361

    15 Total Sales

    Jennifer Asis
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6118168

Arizona Regional Multiple Listing Service (ARMLS)

APN: 310-08-359

Arizona Maricopa County Gilbert 85233 Northwest Gilbert

1498 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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