NOT LISTED FOR SALE

1759 E Melrose St Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $733,000

5 Beds
3 Baths
2,502 Sq Ft
$293/Sq Ft Est. Value

Highlights

  • Horse Stalls
  • 0.96 Acre Lot
  • Eat-In Kitchen
  • Quartz Hill Elementary School Rated A-
  • No HOA
  • Tile Flooring

About This Home

As of November 2016

SPACIOUS 5 BEDROOM, 3 BATHROOM HORSE PROPERTY LOCATED ON OVER SIZED LOT IN QUIET GILBERT NEIGHBORHOOD IN IMMACULATE CONDITION. THIS RANCH HOME FEATURES A GREAT OPEN FLOOR PLAN WITH A LOT OF WARM CHARACTER AND CHARM. THIS HOME HAS TILE IN ALL THE RIGHT PLACES, AND NEUTRAL COLORS THROUGHOUT. NO WASHER/DRYER OR FRIDGE TO BE INCLUDED IN RENT. NEAR SHOPPING, DINING, ENTERTAINMENT, AND EASY FREEWAY ACCESS. RESIDENTIAL RENTAL ONLY, NOT AVAILABLE FOR COMMERCIAL BUSINESS USE. PROPERTY COMES ''AS IS''.

Last Agent to Rent the Property

Jesse Herfel

My Home Group Real Estate License #SA513830000 Listed on: 09/22/2016

My Home Group Real Estate

Last Renter's Agent

Kimberly DeArmond

Real Broker License #SA664044000

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • 0.96 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence

Home Design

  • Wood Frame Construction

Interior Spaces

  • 2,502 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Schools

  • Quartz Hill Elementary School
  • South Valley Jr. High Middle School
  • Campo Verde High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Horse Stalls

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property Available on 9/22/16
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 304-53-196-C

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Rental Info

  • Rent Includes: None
  • Available Date: 2016-09-22

Listing Details

  • Cross Street: Germann & Val Vista
  • Legal Info Range: 6E
  • Property Type: Residential Lease
  • Basement: N
  • Separate Den Office Sep Den Office: N
  • Year Built: 1978
  • Non Assistive Animals: Call
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family - Detached
  • Horses: Yes
  • Lot Size Acres: 0.96
  • Subdivision Name: Metes & Bounds
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Laundry Features Washer Hookup: Yes
  • Laundry Features Inside: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 2502.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Basement Description:Full: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: Washer Hookup, Inside
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Quartz Hill Elementary
  • High School: Campo Verde High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: South Valley Jr. High

Lot Info

  • Horse Amenities: Stall
  • Lot Size Sq Ft: 41901.0
  • Parcel #: 304-53-196-C
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Tax Book Number: 304.00
  • Tax Lot: 0
  • Tax Map Number: 53.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2019
Sold by
Professional Capital Dev Group Llc
Bought by
Melrose Professional Investments Llc
Current Estimated Value
$733,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,860,000
Outstanding Balance
$2,504,252
Interest Rate
4%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Nov 20, 2018
Sold by
Melrose 1759 Llc
Bought by
Professional Capital Developmen Group Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2016
Sold by
Caballero Craig and Craig Caballero M
Bought by
Melrose 1759 Llc

Purchase Details

Closed on
Jan 21, 2004
Sold by
C & B Dairy Lllp
Bought by
Caballero Farms Lllp

Purchase Details

Closed on
Dec 10, 2001
Sold by
Cole Maudie L
Bought by
Caballero Craig

Purchase Details

Closed on
Oct 15, 2001
Sold by
Caballero Codee
Bought by
Caballero M Craig
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Melrose Professional Investments Llc -- Fidelity Natl Ttl Agcy Inc
Professional Capital Developmen Group Ll $550,000 Fidelity National Title Agen
Melrose 1759 Llc -- None Available
Caballero Farms Lllp -- Fidelity National Title
Caballero Craig $205,000 Stewart Title & Trust
Caballero M Craig -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melrose Professional Investments Llc $2,860,000
Previous Owner Professional Capital Developmen Group Ll $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2016 11/15/16 Rented $1,600 0.0% --
10/13/2016 10/13/16 Under Contract -- -- --
10/11/2016 10/11/16 Price Changed $1,600 -11.1% $1 / Sq Ft
09/28/2016 09/28/16 For Rent $1,800 0.0% --
09/27/2016 09/27/16 Under Contract -- -- --
09/22/2016 09/22/16 For Rent $1,800 +20.4% --
06/10/2014 06/10/14 Rented $1,495 0.0% --
05/20/2014 05/20/14 Under Contract -- -- --
05/13/2014 05/13/14 For Rent $1,495 -- --
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 $20,413 $222,712 -- --
2024 $20,992 $218,735 -- --
2023 $20,992 $394,281 $100,844 $293,437
2022 $21,015 $358,103 $84,875 $273,228
2021 $2,691 $34,580 $6,910 $27,670
2020 $2,647 $33,070 $6,610 $26,460
2019 $2,470 $28,960 $5,790 $23,170
2018 $2,392 $26,700 $5,340 $21,360
2017 $2,318 $25,010 $5,000 $20,010
2016 $2,006 $23,570 $4,710 $18,860
2015 $1,822 $21,400 $4,280 $17,120
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2016

    Jesse Herfel

    My Home Group

    (602) 705-2232

    Jesse Herfel
    Section Image

  • K

    Tenant's Agent in 2016

    Kimberly DeArmond

    Real Broker

    (949) 400-0829

    6 Total Sales

    Kimberly DeArmond
    Section Image

  • D

    Buyer's Agent in 2014

    Devyn Gillespie

    Close Pros

    (480) 283-5200

    10 Total Sales

    Devyn Gillespie
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5500741

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-53-196C

Arizona Maricopa County Gilbert 85297 South Gilbert

1759 E Melrose St, 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

Nearby Homes