NOT LISTED FOR SALE

1602 E Commerce Ave Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $587,000 - $658,000

4 Beds
2 Baths
2,454 Sq Ft
$253/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $450,000 $183 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,473/month

15 Days on Market

Highlights

  • Vaulted Ceiling
  • Cul-De-Sac
  • Dual Vanity Sinks in Primary Bathroom
  • Sonoma Ranch Elementary School Rated A-
  • Eat-In Kitchen
  • Community Playground

About This Home

As of December 2020

Beautiful single level home at the end of a cul-de-sac. Nicely updated flooring including tile laid diagonally with inlays and wood like flooring. Updated kitchen with granite countertops. Nice size patio and large backyard with large storage shed. Hurry on this stunning home.

Last Agent to Sell the Property

Kevin Kilker

Farnsworth-Ricks Management & Realty, Inc. License #SA525632000 Listed on: 11/23/2020

Last Buyer's Agent

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,949

Year Built

  • Built in 1995

Lot Details

  • 7,693 Sq Ft Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,454 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Family Room with Fireplace
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Location

  • Property is near a bus stop

Schools

  • Sonoma Ranch Elementary School
  • Greenfield Junior High School
  • Gilbert High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 278
  • Assessor Parcel Number 309-04-438

Community Details

Overview

  • Association fees include ground maintenance
  • Cornerstone Properti Association, Phone Number (602) 433-0331
  • Built by Shea
  • Sonoma Ranch Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,949

Year Built

Built in 1995

Lot Details

0

HOA Fees

$47 per month

Parking

3

Listing Details

  • Cross Street: Val Vista & Gaudalupe
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 46.67
  • 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: 1995
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.18
  • Subdivision Name: SONOMA RANCH
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 183.37
  • Association Fees:HOA Fee2: 280.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Eat-in Kitchen, Vaulted Ceiling(s), Separate Shwr & Tub
  • Living Area: 2454.0
  • Stories: 1
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac, Gravel/Stone Front, Gravel/Stone Back, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • 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: Near Bus Stop, Playground
  • Association Fee: 280.0
  • Association Fee Frequency: Semi-Annually
  • Association Name: Sonoma Ranch
  • Phone: 602-433-0331
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 200.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: Sonoma Ranch
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Cornerstone Properti
  • Association Fees:HOA Management Phone: 602-433-0331

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Sonoma Ranch Elementary School
  • High School: Gilbert High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Greenfield Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7693.0
  • Parcel #: 309-04-438

Building Info

  • Builder Name: Shea

Tax Info

  • Tax Annual Amount: 1949.0
  • Tax Book Number: 309.00
  • Tax Lot: 278
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Dec 28, 2020
Sold by
Martinez Carlos and Martinez Marisa
Bought by
Bigler Lathe
Seller's Agent
Kevin Kilker
Farnsworth-Ricks Management & Realty, Inc.
Buyer's Agent
Bryan Mortensen
LRA Real Estate Group, LLC
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$621,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,888
Avg. Annual Appreciation
6.77%
Original Mortgage
$427,500
Outstanding Balance
$381,478
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$240,410

Purchase Details

Closed on
Feb 6, 1996
Sold by
Shea Homes Arizona Ltd Partnership
Bought by
Martinez Carlos and Martinez Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,900
Interest Rate
7.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bigler Lathe $450,000 Old Republic Title Agency
Martinez Carlos $148,364 First American Title
Shea Homes Arizona Ltd Partnership -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bigler Lathe $427,500
Previous Owner Martinez Carlos $140,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $450,000 0.0% $183 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $450,000 -- $183 / 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 $1,998 $26,113 -- --
2024 $1,935 $24,870 -- --
2023 $1,935 $41,670 $8,330 $33,340
2022 $1,875 $31,730 $6,340 $25,390
2021 $1,981 $30,160 $6,030 $24,130
2020 $1,949 $28,220 $5,640 $22,580
2019 $1,792 $26,130 $5,220 $20,910
2018 $1,739 $24,380 $4,870 $19,510
2017 $1,680 $22,970 $4,590 $18,380
2016 $1,740 $22,330 $4,460 $17,870
2015 $1,585 $21,430 $4,280 $17,150
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kevin Kilker

    Farnsworth-Ricks Management & Realty, Inc.

    (480) 570-8271

    1 in this area

    11 Total Sales

    Kevin Kilker
    Section Image
  • Bryan Mortensen

    Buyer's Agent in 2020

    Bryan Mortensen

    LRA Real Estate Group, LLC

    (602) 509-4835

    1 in this area

    94 Total Sales

    Bryan Mortensen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6164024

Arizona Regional Multiple Listing Service (ARMLS)

APN: 309-04-438

Arizona Maricopa County Gilbert 85234 Val Vista

1602 E 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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