NOT LISTED FOR SALE

2240 E Melrose St Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $968,000 - $1,124,000

4 Beds
3.5 Baths
3,338 Sq Ft
$320/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $385,000 $115 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $5,826/month

107 Days on Market

Highlights

  • Horse Stalls
  • RV Gated
  • Wood Flooring
  • Quartz Hill Elementary School Rated A-
  • 1.01 Acre Lot
  • No HOA

About This Home

As of September 2013

Block construction basement home, horse property on just over an acre-just down the street from the new temple! Only 3 yr old roof and brand new condenser in a/c unit!This kitchen has a 10' island w quartz countertop and updated pull down faucet, refinished cabinets,SS appliances,a huge pantry and extra counter space/cabinets along dining room wall. The basement currently has a kitchen set up in the living area-perfect for a multigenerational family. Or, you could easily convert to a wetbar for a great entertaining space ! There is a huge 20X30 shed wired with electricity, tack shed,3 horse stalls and 3 pastures. Super close to 202,San Tan Village Mall and other shopping and dining. Walking distance from new Gilbert Temple! Great buy on a great horse property right in town! PRICED TO SELL

Last Agent to Sell the Property

Laura Talbott

HomeSmart License #SA624177000 Listed on: 05/02/2013

HomeSmart

Last Buyer's Agent

Marcia Jarvis

West USA Realty License #BR542736000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,362

Year Built

  • Built in 1978

Lot Details

  • 1.01 Acre Lot
  • Chain Link Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Circular Driveway
  • RV Gated

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 3,338 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Double Pane Windows
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Spectrum Elementary School
  • South Valley Jr. High Middle School
  • Campo Verde High School

Horse Facilities and Amenities

  • Horse Automatic Waterer
  • Horses Allowed On Property
  • Horse Stalls
  • Corral
  • Tack Room

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by CUSTOM
  • Claxton Harvey Western Ranchettes Subdivision

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 304-53-090

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,362

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Greenfield & Germann
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: Y
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2005
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2010
  • Parking Spaces Total Covered Spaces: 2.0
  • Year Built: 1978
  • Tax Year: 2012
  • Property Sub Type: Single Family - Detached
  • Horses: Yes
  • Lot Size Acres: 1.01
  • Subdivision Name: Claxton-Harvey Western Ranchettes
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 115.34
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Flooring: Carpet, Laminate, Wood
  • Basement YN: Yes
  • Possible Use: Ranch/Farm
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Wet Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 3338.0
  • Stories: 2
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Separate Workshop: Yes
  • Basement Description:Finished2: Yes
  • Basement Description:Full: Yes

Exterior Features

  • Fencing: Chain Link
  • Exterior Features: Balcony, Circular Drive, Covered Patio(s), Patio, Storage
  • Lot Features: Dirt Front, Grass Front, Grass Back, Irrigation Front, Irrigation Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Other (See Remarks), Seller Discl Avail
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener, RV Gate, Separate Strge Area, Side Vehicle Entry, RV Access/Parking
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:RV Parking: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Spectrum 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: Auto Water, Corral(s), Stall, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 43917.0
  • Parcel #: 304-53-090
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: CUSTOM

Tax Info

  • Tax Annual Amount: 2362.0
  • Tax Book Number: 304.00
  • Tax Lot: 58
  • Tax Map Number: 53.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2020
Sold by
Shepard John W and Shepard Terry Lorena
Bought by
Shepard John Wayne and Shepard Terry Lorena
Current Estimated Value
$1,069,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Outstanding Balance
$281,425
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$787,959

Purchase Details

Closed on
Mar 3, 2015
Sold by
Shepard John W and Shepard Terry Lorena
Bought by
John W Shepard & Terry Lorena Shepard Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,800
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2013
Closed on
Sep 12, 2013
Sold by
Shepard John W and Shepard Terry Lorena
Bought by
Shepard John W and Shepard Terry Lorena
Seller's Agent
Laura Talbott
HomeSmart
Buyer's Agent
Marcia Jarvis
West USA Realty
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$365,750
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2013
Closed on
Sep 10, 2013
Sold by
Carriger Dona J
Bought by
Shepard John W and Shepard Terry Lorena
Seller's Agent
Laura Talbott
HomeSmart
Buyer's Agent
Marcia Jarvis
West USA Realty
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2012
Sold by
Carriger Dona L
Bought by
Carriger Dona J and Dona J Carriger Family Trust
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
Shepard John Wayne -- Pioneer Title Agency Inc
John W Shepard & Terry Lorena Shepard Tr -- Lawyers Title Of Arizona Inc
Shepard John W -- Lawyers Title Of Arizona Inc
Shepard John W -- Accommodation
Shepard John W $385,000 Great American Title Agency
Carriger Dona J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shepard John Wayne $331,500
Closed Shepard John W $360,800
Closed Shepard John W $365,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2013 09/13/13 Sold $385,000 0.0% $115 / Sq Ft
08/17/2013 08/17/13 Pending -- -- --
07/31/2013 07/31/13 Off Market $385,000 -- --
07/23/2013 07/23/13 For Sale $385,000 0.0% $115 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/18/2013 06/18/13 Price Changed $385,000 -3.8% $115 / Sq Ft
05/20/2013 05/20/13 Price Changed $400,000 -7.0% $120 / Sq Ft
05/07/2013 05/07/13 Price Changed $430,000 -6.5% $129 / Sq Ft
05/02/2013 05/02/13 For Sale $460,000 -- $138 / 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 $2,808 $34,392 -- --
2024 $2,728 $32,754 -- --
2023 $2,728 $65,610 $13,120 $52,490
2022 $2,659 $48,910 $9,780 $39,130
2021 $2,763 $41,470 $8,290 $33,180
2020 $2,717 $38,880 $7,770 $31,110
2019 $2,516 $36,450 $7,290 $29,160
2018 $2,425 $34,880 $6,970 $27,910
2017 $2,348 $33,460 $6,690 $26,770
2016 $2,267 $31,720 $6,340 $25,380
2015 $2,184 $26,520 $5,300 $21,220
Source: Public Records

Agents Affiliated with this Home

  • Laura Talbott

    Seller's Agent in 2013

    Laura Talbott

    HomeSmart

    (602) 463-0360

    1 in this area

    34 Total Sales

    Laura Talbott
    Section Image

  • M

    Buyer's Agent in 2013

    Marcia Jarvis

    West USA Realty

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4930447

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-53-090

Arizona Maricopa County Gilbert 85297 South Gilbert

2240 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

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