NOT LISTED FOR SALE

1640 E Olive Ave Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $627,000 - $656,000

5 Beds
3 Baths
2,382 Sq Ft
$270/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $385,000 $162 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,636/month

26 Days on Market

Highlights

  • Play Pool
  • RV Gated
  • Vaulted Ceiling
  • Sonoma Ranch Elementary School Rated A-
  • 0.21 Acre Lot
  • Granite Countertops

About This Home

As of June 2019

Gorgeous 5 bedroom, 3 full bath home in a highly desirable Gilbert location.
Oversized lot with entertainers backyard oasis. Sparkling pool with water feature, above ground jacuzzi, custom palapa, lush landscaping with extended covered patio. Home offers vaulted ceilings, family room with dining area and a great room off the kitchen. Kitchen boasts granite counter tops, updated back splash and stainless steal appliances. Large master suite with double doors and walk in closet. Double RV gates , shed with concrete pad, extended driveway parking for 3. New interior paint throughout. Updated front walkway. Hurry this one won't last!

Last Agent to Sell the Property

Xan LaPointe

Realty ONE Group License #SA643716000 Listed on: 05/15/2019

Last Buyer's Agent

Patrick Smith

American Realty Brokers License #SA656855000

American Realty Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1995

Lot Details

  • 9,148 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $44 Monthly HOA Fees

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • RV Gated

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,382 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Play Pool
  • Above Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

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

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 138
  • Assessor Parcel Number 309-04-298

Community Details

Overview

  • Association fees include ground maintenance
  • Sonoma Ranch Association, Phone Number (480) 551-4300
  • Sonoma Ranch Subdivision, Santa Cruz Floorplan

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,014

Year Built

Built in 1995

Lot Details

0

HOA Fees

$44 per month

Parking

2

Listing Details

  • Cross Street: VAL VISTA A& GUADALUPE
  • Legal Info Range: R6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 44.17
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1995
  • Tax Year: 2018
  • Master Model: SANTA CRUZ
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.21
  • Subdivision Name: SONOMA RANCH
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 265.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Basement YN: No
  • Spa Features: Above Ground
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2382.0
  • Stories: 2
  • Window Features: Skylight(s), Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV Gate, Garage Door Opener, Attch'd Gar Cabinets, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Ceiling Fan(s), Programmable Thmstat
  • 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: Playground, Biking/Walking Path
  • Association Fee: 265.0
  • Association Fee Frequency: Semi-Annually
  • Association Name: Sonoma Ranch
  • Phone: 480-551-4300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: Sonoma Ranch
  • Association Fees:HOA Telephone4: 480-551-4300
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

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 Elementary School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9148.0
  • Parcel #: 309-04-298

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 2014.0
  • Tax Book Number: 309.00
  • Tax Lot: 138
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Jun 20, 2019
Sold by
Cuadras Samuel and Cuadras Dawn M
Bought by
Martin Jessica Ann
Seller's Agent
Xan LaPointe
Realty ONE Group
Buyer's Agent
Patrick Smith
American Realty Brokers
List Price
$379,900
Sold Price
$385,000
Premium/Discount to List
$5,100
1.34%
Current Estimated Value
$642,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,541
Avg. Annual Appreciation
8.61%
Original Mortgage
$225,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2005
Sold by
Cuadras Samuel and Cuadras Dawn M
Bought by
Cuadras Samuel and Cuadras Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 24, 2004
Sold by
Cuadras Samuel and Cuadras Dawn M
Bought by
Cuadras Samuel and Cuadras Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
5.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2003
Sold by
Cuadras Samuel and Cuadras Dawn M
Bought by
Cuadras Samuel and Cuadras Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,400
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2002
Sold by
Cuadras Samuel and Cuadras Dawn M
Bought by
Cuadras Samuel and Cuadras Dawn M

Purchase Details

Closed on
Apr 4, 2002
Sold by
Nava Robert M and Nava Maralyn
Bought by
Cuadras Samuel and Cuadras Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2000
Sold by
Silvia Andrew J and Silvia Martha L
Bought by
Nava Robert M and Nava Maralyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,200
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 1995
Sold by
Shea Homes Arizona Ltd Partnership
Bought by
Silvia Andrew J and Silvia Martha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,487
Interest Rate
7.59%
Mortgage Type
VA

Purchase Details

Closed on
Sep 5, 1995
Sold by
Shea Homes Ltd Partnership
Bought by
Shea Homes Arizona Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,487
Interest Rate
7.59%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Martin Jessica Ann $385,000 Jetclosing Inc
Cuadras Samuel -- --
Cuadras Samuel -- Lawyers Title Ins
Cuadras Samuel -- Lawyers Title Ins
Cuadras Samuel -- Transnation Title Ins Co
Cuadras Samuel -- Transnation Title Ins Co
Cuadras Samuel -- --
Cuadras Samuel $196,000 Security Title Agency
Nava Robert M $196,000 Transnation Title Insurance
Silvia Andrew J $139,694 First American Title
Shea Homes Arizona Ltd Partnership -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Jessica Ann $225,000
Previous Owner Cuadras Samuel $190,400
Previous Owner Cuadras Samuel $185,400
Previous Owner Cuadras Samuel $181,000
Previous Owner Nava Robert M $186,200
Previous Owner Silvia Andrew J $142,487
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $385,000 +1.3% $162 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
06/10/2019 06/10/19 Price Changed $379,900 0.0% $159 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $379,900 -- $159 / 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 $2,224 $30,234 -- --
2024 $2,240 $28,794 -- --
2023 $2,240 $46,160 $9,230 $36,930
2022 $2,171 $34,810 $6,960 $27,850
2021 $2,293 $33,070 $6,610 $26,460
2020 $2,257 $30,820 $6,160 $24,660
2019 $2,075 $28,970 $5,790 $23,180
2018 $2,014 $27,160 $5,430 $21,730
2017 $1,945 $25,870 $5,170 $20,700
2016 $2,014 $25,220 $5,040 $20,180
2015 $1,835 $24,620 $4,920 $19,700
Source: Public Records

Agents Affiliated with this Home

  • Xan LaPointe

    Seller's Agent in 2019

    Xan LaPointe

    Realty One Group

    (602) 316-6552

    3 in this area

    139 Total Sales

    Xan LaPointe
    Section Image
  • Patrick Smith

    Buyer's Agent in 2019

    Patrick Smith

    American Realty Brokers

    (480) 225-7188

    36 Total Sales

    Patrick Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5925940

Arizona Regional Multiple Listing Service (ARMLS)

APN: 309-04-298

Arizona Maricopa County Gilbert 85234 Val Vista

1640 E Olive Ave, Gilbert, AZ

This home is located at 1640 E Olive Ave, Gilbert, AZ 85234 since 15 May 2019 and is currently estimated at $642,541, approximately $269 per square foot. This property was built in 1995. 1640 E Olive Ave is a home located in Maricopa County with nearby schools including Sonoma Ranch Elementary School, Greenfield Junior High School, and Gilbert Arts Academy.

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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