NOT LISTED FOR SALE

2503 E Magnolia Dr Gilbert, AZ 85298

Higley Neighborhood

Estimated Value: $603,000 - $833,000

4 Beds
2 Baths
2,106 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $700,000 $332 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,032/month

8 Days on Market

Highlights

  • Barn
  • Horse Stalls
  • Solar Power System
  • Coronado Elementary School Rated A
  • RV Access or Parking
  • Gated Parking

About This Home

As of June 2023

Welcome to your dream horse property! 1-acre gem is nestled on a prestigious street adorned with million-dollar homes. Built in 1999, this spacious gated property boasts a 4-bedroom, 2-bathroom home with a 3-car garage and owned solar, perfect for your family and equine companions. With ample room for animals, you'll find corrals, a tack room, and even a barn to accommodate your equestrian lifestyle. The property is equipped with convenient automatic watering systems, ensuring your animals are always hydrated. Immerse yourself in the tranquility of country living while enjoying the convenience of city amenities nearby. This property offers the best of both worlds! Home priced for buyer to come make it their own. Come Say Yes To This Address!

Last Agent to Sell the Property

Colleen Olson

Arizona Best Real Estate License #SA550841000 Listed on: 05/17/2023

Arizona Best Real Estate

Co-Listed By

Connor Olson

Arizona Best Real Estate License #SA702675000

Last Buyer's Agent

Carol Jacobson

DeLex Realty License #SA524878000

DeLex Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 1999

Lot Details

  • 1.01 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Front Yard Sprinklers

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking
  • RV Access or Parking

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 2,106 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Laminate
  • Concrete

Bedrooms and Bathrooms

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

Schools

  • Coronado Elementary School
  • Cooley Middle School
  • Williams Field High School

Farming

  • Barn
  • Flood Irrigation

Horse Facilities and Amenities

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

Utilities

  • Central Air
  • Heating unit installed on the ceiling
  • Septic Tank

Additional Features

  • Stepless Entry
  • Solar Power System
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Oliver Custom
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Tax Lot 069-A
  • Assessor Parcel Number 304-70-069-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,928

Year Built

Built in 1999

Lot Details

1.01 Acres

Parking

3

Listing Details

  • Cross Street: Queen Creek and Greenfield
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1999
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 1.01
  • Co List Office Mls Id: best03
  • Co List Office Phone: 480-948-4711
  • Subdivision Name: Metes and bounds
  • Architectural Style: Ranch
  • New Construction: No
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 332.38
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Concrete
  • Basement YN: No
  • Possible Use: Ranch, Farm
  • Spa Features: None
  • Accessibility Features: Zero-Grade Entry
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Double Vanity, Eat-in Kitchen, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2106.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Chain Link, Wood
  • Lot Features: Irrigation Front, Flood Irrigation
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Property Condition: Fixer
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Access/Parking, Gated, RV Gate, Garage Door Opener, Direct Access, Circular Driveway
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Circular Drive: Yes
  • Parking Features:RV AccessParking: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric, Ceiling
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Coronado Elementary School
  • High School: Williams Field High School
  • Middle Or Junior School: Cooley Middle School

Lot Info

  • Horse Amenities: Auto Water, Barn, Corral(s), Stall, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 43821.0
  • Parcel #: 304-70-069-A

Building Info

  • Builder Name: Oliver Custom

Tax Info

  • Tax Annual Amount: 2928.0
  • Tax Book Number: 304.00
  • Tax Lot: 069-A
  • Tax Map Number: 70.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2025
Sold by
Foster Joshua and Foster Bruce Arden
Bought by
Foster Joshua Arden and Foster Alyssa Nicole
Current Estimated Value
$738,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$300,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$438,681

Purchase Details

Listed on
May 17, 2023
Closed on
Jun 30, 2023
Sold by
Deckard Living Trust
Bought by
Foster Joshua and Foster Bruce Arden
Seller's Agent
Colleen Olson
Arizona Best Real Estate
Buyer's Agent
Carol Jacobson
DeLex Realty
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Views
104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%

Purchase Details

Closed on
Apr 30, 2018
Sold by
Deckard Thomas E and Pallen Deckard Darla D
Bought by
Deckard Thomas E and Pallen Deckard Darlene

Purchase Details

Closed on
Jul 6, 2005
Sold by
Simianer Kenneth A and Simianer Vicky A
Bought by
Deckard Thomas E and Pallen Deckard Darla D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1999
Sold by
Temco Construction Supply
Bought by
Simianer Kenneth A and Simianer Vicky A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,200
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 1999
Sold by
Temco Construction Supply
Bought by
Slykhouse Bruce A and Slykhouse Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.86%
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
Foster Joshua Arden -- Accommodation/Courtesy Recordi
Foster Joshua $700,000 Stewart Title & Trust Of Phoen
Deckard Thomas E -- None Available
Deckard Thomas E $540,000 Fidelity National Title
Simianer Kenneth A $189,134 Lawyers Title Of Arizona Inc
Slykhouse Bruce A $187,900 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Joshua Arden $300,000
Previous Owner Deckard Thomas E $432,000
Previous Owner Simianer Kenneth A $170,200
Previous Owner Slykhouse Bruce A $115,000
Closed Deckard Thomas E $53,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $700,000 +3.7% $332 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $675,000 -- $321 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,856 $36,423 -- --
2024 $3,053 $34,689 -- --
2023 $3,053 $60,180 $12,030 $48,150
2022 $2,928 $44,470 $8,890 $35,580
2021 $2,976 $39,850 $7,970 $31,880
2020 $3,026 $38,180 $7,630 $30,550
2019 $2,936 $34,050 $6,810 $27,240
2018 $2,819 $31,630 $6,320 $25,310
2017 $2,721 $29,510 $5,900 $23,610
2016 $2,747 $28,880 $5,770 $23,110
Source: Public Records

Agents Affiliated with this Home

  • Colleen Olson

    Seller's Agent in 2023

    Colleen Olson

    Arizona Best Real Estate

    (602) 989-8641

    3 in this area

    156 Total Sales

    Colleen Olson
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Connor Olson

    Arizona Best Real Estate

    (480) 948-4711

    2 in this area

    108 Total Sales

    Connor Olson
    Section Image
  • Carol Jacobson

    Buyer's Agent in 2023

    Carol Jacobson

    DeLex Realty

    (602) 399-7808

    1 in this area

    22 Total Sales

    Carol Jacobson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6555634

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-70-069A

Arizona Maricopa County Gilbert 85298 Higley

2503 E Magnolia Dr, 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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