159 E Water Tank Rd Gilbert, AZ 85296
Heritage District NeighborhoodEstimated payment $7,102/month
Highlights
- Horses Allowed On Property
- RV Hookup
- Contemporary Architecture
- Gilbert Elementary School Rated A-
- 0.99 Acre Lot
- Freestanding Bathtub
About This Home
Completed in 2024, this exceptional modern luxury farmhouse blends refined design, thoughtful functionality, and wide-open space, offering nearly 2,300 sf of beautifully crafted living space with 2 bedrooms and 2 bathrooms. Striking curb appeal welcomes you with classic board-and-batten architecture, crisp black accents, and an expansive covered front and back patio designed for inviting indoor-outdoor living, featuring rich wood ceilings and elegant stone columns.
Inside, the home showcases a bright and inviting open-concept floor plan highlighted by a dramatic 25-foot ceiling in the great room, creating an impressive yet comfortable gathering space perfect for everyday living and entertaining. The stylish chef's kitchen features quartz countertops, abundant cabinetry, two large sinks, and a spacious walk-in pantry/coffee bar, combining sophisticated design with practical convenience.
The expansive primary suite offers a peaceful retreat with a generous walk-in closet and a beautifully designed spa-like bathroom featuring an extra-large clawfoot soaking tub and rain shower head. Convenient access through the laundry room leads to the fully air-conditioned garage. A spacious secondary bedroom provides an ideal guest suite or flexible living space.
Built with quality, efficiency, and modern living in mind, the home includes two high-efficiency AC units, a tankless water heater, water softener, spray foam insulation throughout, insulated garage doors, epoxy garage flooring, and a substantial electrical panel with additional capacity for future expansion. The climate-controlled garage features a 10' garage door to accommodate larger vehicles and is also equipped with EV charging capability. Bring your RV as there is a hookup and drain conveniently located on the far side of the garage.
The grounds are beautifully enhanced with irrigation rights and mature landscaping, including a variety of fruit trees such as lemon, pear, orange, pomegranate, mulberry, plum, and guava, along with vibrant roses and a Silver Laurel.
With ample land and space for horses, cows, chickens, and other livestock, the property offers the rare opportunity to enjoy a luxury farmhouse lifestyle with room to create your own mini ranch or hobby farm while still enjoying the comfort of a newly built home, with additional space and flexibility to expand or add on if desired.
Enjoy a short walk to the canal, offering miles of scenic walking and biking paths, along with quick access to Downtown Gilbert, located just about a mile away with some of the area's most popular dining, shopping, and entertainment.
Blending timeless farmhouse charm with modern luxury, thoughtful amenities, and room to roam, this newly completed property offers a truly unique living experience.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,055
Year Built
- Built in 2024
Lot Details
- 0.99 Acre Lot
- Wood Fence
- Block Wall Fence
- Backyard Sprinklers
Parking
- 2 Car Garage
- Electric Vehicle Home Charger
- RV Hookup
Home Design
- Contemporary Architecture
- Wood Frame Construction
- Tile Roof
- Metal Roof
Interior Spaces
- 2,280 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Double Pane Windows
Kitchen
- Eat-In Kitchen
- Kitchen Island
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bathroom is a Full Bathroom
- Bidet
- Freestanding Bathtub
- Soaking Tub
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Gas Dryer Hookup
Schools
- Gilbert Elementary School
- Mesquite Jr High Middle School
- Gilbert High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- High Speed Internet
Additional Features
- No Interior Steps
- North or South Exposure
- Covered Patio or Porch
- Horses Allowed On Property
Community Details
- No Home Owners Association
- Association fees include no fees
- Awesome Location Subdivision
Listing and Financial Details
- Assessor Parcel Number 304-23-020-E
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,055 | $16,669 | -- | -- |
| 2024 | $1,215 | $15,875 | -- | -- |
| 2023 | $1,215 | $35,370 | $7,070 | $28,300 |
| 2022 | $1,178 | $27,320 | $5,460 | $21,860 |
| 2021 | $1,245 | $25,380 | $5,070 | $20,310 |
| 2020 | $1,226 | $22,900 | $4,580 | $18,320 |
| 2019 | $1,126 | $20,280 | $4,050 | $16,230 |
| 2018 | $1,092 | $18,160 | $3,630 | $14,530 |
| 2017 | $1,053 | $16,880 | $3,370 | $13,510 |
| 2016 | $1,301 | $16,360 | $3,270 | $13,090 |
| 2015 | $1,186 | $15,680 | $3,130 | $12,550 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $1,300,000 | -- | $570 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Great American Ttl Agcy Inc | |
| Interfamily Deed Transfer | -- | Great American Ttl Agcy Inc | |
| Warranty Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $305,000 | Security Title Agency Inc | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | $250,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $125,000 | Transamerica Title Ins Co | |
| Cash Sale Deed | $1,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $337,500 | New Conventional | |
| Closed | $281,644 | FHA | |
| Previous Owner | $244,000 | New Conventional | |
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $110,000 | No Value Available | |
| Previous Owner | $106,250 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6999436
APN: 304-23-020E
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Ask me questions while you tour the home.