NOT LISTED FOR SALE

1509 W Commerce Ave Gilbert, AZ 85233

Northwest Gilbert Neighborhood

Estimated Value: $711,846 - $871,000

4 Beds
3 Baths
3,118 Sq Ft
$248/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $535,000 $172 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,477/month

6 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Vaulted Ceiling
  • Playa Del Rey Elementary School Rated A-
  • Community Lake
  • 4-minute walk to McQueen Park

About This Home

As of December 2020

Extravagant home located in the prestigious gated lake community of Playa Del Ray Estates!

One of the only Recreational Lake Communities in the area that allow the use of Jet Skis and Power Boats and you're only one row from the water! Kayak and water ski without leaving your own neighborhood! The community features beautiful fountain common areas, putting greens and so much more!

The home features a grand entrance and vaulted ceilings adorned with crystal chandeliers throughout. An oversized upgraded kitchen and open space floor plan that's perfect for entertaining. Fresh paint inside and out. The backyard was recently upgraded and the new pavers and fountain make an excellent environment to enjoy the outside!

This property is priced to sell so schedule today to not miss your

Last Agent to Sell the Property

Tariq Koshy

AZ Elite Brokers License #BR640412000 Listed on: 10/21/2020

Last Buyer's Agent

Melissa Romo

Realty ONE Group License #SA657330000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,664

Year Built

  • Built in 2002

Lot Details

  • 8,250 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front Yard Sprinklers

HOA Fees

  • $224 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,118 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Fire Pit

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 310-08-375

Community Details

Overview

  • Association fees include ground maintenance
  • Playa Del Rey Association, Phone Number (480) 539-1396
  • Built by AMZ Homes
  • Playa Del Rey Amended Subdivision, Cannes Floorplan
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,664

Year Built

Built in 2002

Lot Details

0

HOA Fees

$224 per month

Parking

3

Listing Details

  • Cross Street: McQUEEN Rd and GUADALUPE Rd
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Recreation Center Paid Frequency: Annually
  • 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: 2002
  • Tax Year: 2020
  • Master Model: Cannes
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.19
  • Subdivision Name: PLAYA DEL REY AMENDED
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 171.58
  • Association Fees:HOA Fee2: 224.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: Fire Pit, None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3118.0
  • Stories: 2
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony
  • Lot Features: Sprinklers In Front, Desert Front
  • Pool Features: None
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Gated
  • Association Fee: 224.0
  • Association Fee Frequency: Monthly
  • Association Name: Playa Del Rey
  • Phone: 480-539-1396
  • 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: Playa Del Rey
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

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: 8250.0
  • Parcel #: 310-08-375

Building Info

  • Builder Name: AMZ Homes

Tax Info

  • Tax Annual Amount: 2664.0
  • Tax Book Number: 310.00
  • Tax Lot: 43
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Oct 28, 2020
Sold by
Mashayekhi Mitra
Bought by
Romo Melissa
Seller's Agent
Tariq Koshy
AZ Elite Brokers
Buyer's Agent
Melissa Romo
Realty ONE Group
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
$773,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,712
Avg. Annual Appreciation
7.46%
Original Mortgage
$508,250
Outstanding Balance
$452,270
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$321,442

Purchase Details

Closed on
Apr 21, 2009
Sold by
Riyad Mohammed A
Bought by
Mashayekhi Mitra

Purchase Details

Closed on
Dec 29, 2008
Sold by
Vandusen Matthew J
Bought by
402 Now Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2008
Sold by
Kelley Jeanna M
Bought by
Kelley Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2005
Sold by
Vandusen Matthew
Bought by
Vandusen Matthew and Vandusen Van Dusen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,800
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2005
Sold by
Vandusen Natalie A
Bought by
Vandusen Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,800
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
Playa Del Rey Ltd Partnership
Bought by
Jee Donald K and Jee Angela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,100
Interest Rate
6.06%
Mortgage Type
New Conventional
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
Romo Melissa $535,000 First American Title Ins Co
Mashayekhi Mitra -- Security Title Agency
Mashayekhi Mitra $323,000 Security Title Agency
402 Now Llc $288,001 None Available
Kelley Frank -- None Available
Kelley Frank -- None Available
Vandusen Matthew -- --
Vandusen Matthew J -- Fidelity National Title
Vandusen Matthew J $556,000 Fidelity National Title
Jee Donald K $311,755 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romo Melissa $508,250
Previous Owner 402 Now Llc $270,000
Previous Owner Kelley Frank $270,000
Previous Owner Vandusen Matthew J $444,800
Previous Owner Jee Donald K $259,100
Closed Jee Donald K $48,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2020 12/09/20 Sold $535,000 0.0% $172 / Sq Ft
11/13/2020 11/13/20 For Sale $535,000 0.0% $172 / Sq Ft
10/21/2020 10/21/20 For Sale $535,000 -- $172 / 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 $2,724 $36,234 -- --
2024 $2,641 $34,509 -- --
2023 $2,641 $49,410 $9,880 $39,530
2022 $2,561 $37,180 $7,430 $29,750
2021 $2,706 $35,020 $7,000 $28,020
2020 $2,664 $33,410 $6,680 $26,730
2019 $2,449 $32,070 $6,410 $25,660
2018 $2,373 $32,410 $6,480 $25,930
2017 $2,290 $30,420 $6,080 $24,340
2016 $2,369 $30,020 $6,000 $24,020
2015 $2,159 $29,420 $5,880 $23,540
Source: Public Records

Agents Affiliated with this Home

  • Tariq Koshy

    Seller's Agent in 2020

    Tariq Koshy

    AZ Elite Brokers

    (480) 232-4671

    17 Total Sales

    Tariq Koshy
    Section Image
  • Melissa Romo

    Buyer's Agent in 2020

    Melissa Romo

    Realty One Group

    (480) 490-9295

    15 Total Sales

    Melissa Romo
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6150009

Arizona Regional Multiple Listing Service (ARMLS)

APN: 310-08-375

Arizona Maricopa County Gilbert 85233 Northwest Gilbert

1509 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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