NOT LISTED FOR SALE

1501 W Emerald Key Ct Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $873,000 - $965,000

3 Beds
2.5 Baths
2,717 Sq Ft
$333/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $700,000 $258 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,183/month

3 Days on Market

Highlights

  • Private Pool
  • Waterfront
  • Vaulted Ceiling
  • Islands Elementary School Rated A-
  • Community Lake
  • 1 Fireplace

About This Home

As of April 2021

One of the rarest opportunities in Arizona! Having a home on the water. Spacious 3 bed, 2.5 bath in highly sought after Gilbert in quiet, relaxing community of The Islands only minutes from shopping, freeways, parks, dining, and other amenities. Vaulted ceilings, open floorpan, marble tile floors, newer A/C units installed only two years ago, pool recently resurfaced and new pool pump installed, and many other upgrades.

Last Agent to Sell the Property

Andrew McKee

Perk Prop Real Estate License #SA531199000 Listed on: 02/26/2021

Last Buyer's Agent

Nawal Mohammed

Venture REI, LLC License #SA646382000

Venture REI, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,236

Year Built

  • Built in 1993

Lot Details

  • 8,999 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Backyard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $52 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,717 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Tinted Windows
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Granite Countertops

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

Outdoor Features

  • Private Pool
  • Covered Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 302-30-038

Community Details

Overview

  • Association fees include ground maintenance
  • The Islands Association, Phone Number (480) 545-7740
  • Shores At The Islands Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,236

Year Built

Built in 1993

Lot Details

0

HOA Fees

$52 per month

Parking

3

Listing Details

  • Cross Street: Elliot & McQueen
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 52.47
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1993
  • Tax Year: 2020
  • Directions: Elliot & McQueen Directions: E. on Elliot, s on Islands Dr., Right at fountain, follow to Emerald Key by school, left then home on right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: SHORES AT THE ISLANDS
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 314.84
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Double Vanity, Eat-in Kitchen, Soft Water Loop, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2717.0
  • Stories: 1
  • Window Features: Tinted Windows
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Cul-De-Sac, Gravel/Stone Front, Grass Back
  • Pool Features: Private
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Garage Spaces: 3.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Playground, Biking/Walking Path
  • Association Fee: 314.84
  • Association Fee Frequency: Semi-Annually
  • Association Name: The Islands
  • Phone: 480-545-7740
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 155.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: The Islands
  • Association Fees:HOA Telephone4: 480-545-7740
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 519.09
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

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: 8999.0
  • Parcel #: 302-30-038

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 4236.0
  • Tax Book Number: 302.00
  • Tax Lot: 28
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Bayati Shahad Al
Bought by
Al Bayati Family Trust and Bayati
Current Estimated Value
$904,322

Purchase Details

Closed on
Oct 4, 2021
Sold by
Al Bayati Shahad
Bought by
Al Bayati Shahad and Mohammed Nawal

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 31, 2021
Sold by
Khaimsky Ludmila and Ludmila Khaimsky Living Trust
Bought by
Bayati Shahad Al
Seller's Agent
Andrew McKee
Perk Prop Real Estate
Buyer's Agent
Nawal Mohammed
Venture REI, LLC
List Price
$679,000
Sold Price
$700,000
Premium/Discount to List
$21,000
3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$500,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2019
Sold by
Khaimsky Ludmila and Ludmila Khaimsky Living Trust
Bought by
Khaimsky Ludmila and The Ludmila Khaimsky Living Tr

Purchase Details

Listed on
Feb 17, 2015
Closed on
Mar 17, 2016
Sold by
Thomson Diane
Bought by
Khaimsky Ludmila and Ludmila Khaimsky Living Trust
Seller's Agent
Shari Weintraub
AZ Brokerage Holdings, LLC
Buyer's Agent
Kim Carroll
AZ-REP
List Price
$495,000
Sold Price
$445,000
Premium/Discount to List
-$50,000
-10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$311,500
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Al Bayati Family Trust -- None Listed On Document
Al Bayati Shahad -- None Available
Bayati Shahad Al $700,000 First American Title Ins Co
Khaimsky Ludmila -- None Available
Khaimsky Ludmila $445,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al Bayati Family Trust $498,000
Previous Owner Bayati Shahad Al $500,000
Previous Owner Khaimsky Ludmila $311,500
Previous Owner Thomson Diane Sd $119,000
Previous Owner Thomson Diane S $125,000
Previous Owner Thomson Diane S $127,000
Previous Owner Thompson Diane S $75,000
Previous Owner Thomson Diane S $125,000
Previous Owner Thomson Diane S $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $700,000 +3.1% $258 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $679,000 +52.6% $250 / Sq Ft
03/28/2016 03/28/16 Sold $445,000 -4.3% $164 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
11/11/2015 11/11/15 Price Changed $465,000 -2.9% $171 / Sq Ft
06/02/2015 06/02/15 Price Changed $479,000 -3.2% $176 / Sq Ft
02/17/2015 02/17/15 For Sale $495,000 -- $182 / 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 $4,259 $55,375 -- --
2024 $4,280 $52,738 -- --
2023 $4,280 $61,880 $12,370 $49,510
2022 $4,146 $50,310 $10,060 $40,250
2021 $4,309 $49,930 $9,980 $39,950
2020 $4,236 $48,620 $9,720 $38,900
2019 $3,892 $43,350 $8,670 $34,680
2018 $3,771 $40,350 $8,070 $32,280
2017 $3,627 $37,480 $7,490 $29,990
2016 $3,906 $37,720 $7,540 $30,180
2015 $3,526 $41,520 $8,300 $33,220
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew McKee

    Perk Prop Real Estate

    (480) 459-1711

    1 in this area

    10 Total Sales

    Andrew McKee
    Section Image
  • Nawal Mohammed

    Buyer's Agent in 2021

    Nawal Mohammed

    Venture REI, LLC

    (602) 488-9554

    2 in this area

    91 Total Sales

    Nawal Mohammed
    Section Image

  • S

    Seller's Agent in 2016

    Shari Weintraub

    Realty Executives

  • Kim Carroll

    Buyer's Agent in 2016

    Kim Carroll

    AZ-REP

    (602) 751-3119

    11 Total Sales

    Kim Carroll
    Section Image

  • K

    Buyer's Agent in 2016

    Kimberly Carroll

    TC Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6200181

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-30-038

Arizona Maricopa County Gilbert 85233 The Islands

1501 W Emerald Key Ct, Gilbert, AZ

This home is located at 1501 W Emerald Key Ct, Gilbert, AZ 85233 since 26 February 2021 and is currently estimated at $904,322, approximately $332 per square foot. This property was built in 1993. 1501 W Emerald Key Ct 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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