NOT LISTED FOR SALE

2531 E Milky Way Gilbert, AZ 85295

Gateway Ranch Neighborhood

Estimated Value: $663,723 - $709,000

4 Beds
2 Baths
2,490 Sq Ft
$279/Sq Ft Est. Value

Last Sold March 19, 2012

Last sale price $241,000 $97 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $3,816/month

36 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Covered Patio or Porch
  • Chaparral Elementary School Rated A-
  • Community Pool
  • Formal Dining Room

About This Home

As of March 2012

REMODELED, STUNNING EXECUTIVE Single level home. Tile, Wood Floors, Carpet in bedrooms only. Chef's delight in this kitchen with almost new Stainless Steel Appliances( Range brand new!) Granite counters Island,Granite Backsplash. Pantry with Upgraded Maple Cabinets. Formal LR and DR along with Family room and Additional Den with Wood Floor. True 4 bedroom with 2 full Baths.Master Suite spacious allows for sitting area too. Tiled Master Bath with Soaker Tub separate from Walk In Shower.Dual Sinks.Interior Laundry with cabinets. Storage!! Lush Backyard with Mature Trees and 3 Gates for Private Storage items. Water feature in front will stay with home. Community Pool and Large Parks for this Executive Community. Close to freeway and San Tan Mall, Gilbert Mercy.. This is a 10+

Last Agent to Sell the Property

Cynthia Dewine

Russ Lyon Sotheby's International Realty License #BR532584000 Listed on: 01/03/2012

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Ilona Poka

Living Easy Arizona License #BR540275000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 10,454

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,490 Sq Ft Home
  • Wired For Sound
  • Ceiling height of 9 feet or more
  • Family Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Car Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Playground

Schools

  • Chaparral Elementary School - Gilbert
  • Chaparral Elementary School - Gilbert Middle School
  • Williams Field High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • North or South Exposure
  • Block Wall Fence

Community Details

Overview

  • $1,849 per year Dock Fee
  • Association fees include common area maintenance
  • Association Phone (480) 759-4945
  • Located in the Gateway Ranch master-planned community
  • Built by Beazer

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Tax Municipality: Gilbert
  • Cross Street: Williams Field & 202 Fwy
  • Legal Info Lot Number: 181
  • Legal Info Range: 6E
  • Legal Info Section: 27
  • Legal Info Township: 1S
  • Property Type: A
  • Technology: Cable TV Avail, High Speed Internet Available, Ntwrk Wrng Multi Rms, Pre-Wire Srnd Snd
  • Assessor Parcel Number: 194.00
  • Hndrd Blk Directionl: E
  • Hundred Block: 1039
  • Legal Description Abbrev: GATEWAY RANCH
  • Marketing Name: Gateway Ranch
  • Type: ER
  • Ownership: Fee Simple
  • Additional Bedroom: Mstr Bdr Walkin Clst
  • Assessor Parcel Number: 304-40-194
  • HOA Association Fee: 155.00
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 480-759-4945
  • HOA Fees: Y
  • Total Monthly Fee Equivalent: 38.75
  • Association Rules: Prof Managed
  • Construction Finish: Painted, Stucco
  • Dwelling Type: Single Family - Detached
  • Encoded Features: 42FRDO2G
  • Map Code Grid: T41
  • Primary Bathroom Type: Double Sinks, Full Bth Master Bdrm, Separate Shwr & Tub
  • Numberof Interior Levels: 1
  • Parking Spaces Garage Spaces: 2.00
  • Parking Spaces Total Covered Spaces: 2.00
  • Planned Comm Name: Gateway Ranch
  • Price per Sq Ft: 96.79
  • Property Group Id: 19990816212109142258000000
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1999
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Features: 9+ Flat Ceilings, No Interior Steps
  • Bedrooms: 4
  • Bedrooms Plus: 5.00
  • Other Rooms: Family Room
  • Bathrooms: 2.00
  • Laundry: Inside, Wshr/Dry HookUp Only
  • Flooring: Carpet, Tile, Wood
  • Fireplace: No Fireplace
  • Master Bedroom Type: Split
  • Dining Area: Breakfast Bar, Eat-in Kitchen, Formal
  • Estimated Lot Sq Ft: 10592.00
  • Estimated Sq Ft: 2490.00
  • Kitchen Features: Built-in Microwave, Cook Top Elec, Dishwasher, Disposal, Granite Countertops, Kitchen Island, Non-laminate Counter, Pantry, Refrigerator
  • Source Of Sq Ft: County Assessor

Exterior Features

  • Exterior Stories: 1
  • Pool: Community Only
  • Landscaping: Auto Timer H2O Back, Auto Timer H2O Front, Grass Back, Grass Front, Yrd Wtring Sys Back, Yrd Wtring Sys Front
  • Roofing: Tile
  • Fencing: Block
  • Construction: Frame - Wood
  • Exterior Features: Childrens Play Area, Covered Patio(s), Patio
  • Pool Private: No Pool

Garage/Parking

  • Parking Features: Electric Door Opener, Separate Strge Area

Utilities

  • Water: City Water
  • Utilities: SRP, SW Gas
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Natural Gas

Condo/Co-op/Association

  • Services: City Services
  • Community Features: Children's Playgrnd, Community Pool
  • Fee Include: Common Area Maint

Schools

  • Elementary School: Chaparral Elementary School - Gilbert
  • High School: Williams Field High School
  • Jr High School: Chaparral Elementary School - Gilbert

Lot Info

  • Property Description: North/South Exposure

Building Info

  • Builder Name: Beazer

Tax Info

  • Taxes: 1849.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2020
Sold by
Holguin Michelle
Bought by
Holguin Michelle and Holguin Lionel
Current Estimated Value
$694,931

Purchase Details

Listed on
Jan 3, 2012
Closed on
Mar 10, 2012
Sold by
Holguin Lionel
Bought by
Holguin Michelle
Seller's Agent
Cynthia Dewine
Russ Lyon Sotheby's International Realty
Buyer's Agent
Ilona Poka
Living Easy Arizona
List Price
$249,900
Sold Price
$241,000
Premium/Discount to List
-$8,900
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$234,890
Outstanding Balance
$165,374
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$529,557

Purchase Details

Closed on
Apr 26, 2004
Sold by
Cooper Grant Scott and Cooper Rachel Louise
Bought by
Norvell Justin M and Norvell Tricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,920
Interest Rate
5.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2000
Sold by
Beazer Homes Sales Arizona Inc
Bought by
Cooper Grant Scott and Cooper Rachel Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,150
Interest Rate
8.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2000
Sold by
Beazer Homes Holdings Corp
Bought by
Beazer Homes Sales Arizona Inc
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
Holguin Michelle -- None Available
Holguin Michelle -- Magnus Title Agency
Holguin Michelle $241,000 Magnus Title Agency
Norvell Justin M $224,900 Capital Title Agency Inc
Cooper Grant Scott $181,330 Lawyers Title Of Arizona Inc
Beazer Homes Sales Arizona Inc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holguin Michelle $234,890
Closed Holguin Michelle $234,890
Previous Owner Norvell Justin M $179,920
Previous Owner Cooper Grant Scott $163,150
Closed Norvell Justin M $33,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2012 03/19/12 Sold $241,000 +0.5% $97 / Sq Ft
02/08/2012 02/08/12 Pending -- -- --
02/04/2012 02/04/12 Price Changed $239,900 -4.0% $96 / Sq Ft
01/05/2012 01/05/12 For Sale $249,900 0.0% $100 / Sq Ft
01/04/2012 01/04/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $249,900 -- $100 / 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 $2,181 $28,653 -- --
2024 $2,333 $27,289 -- --
2023 $2,333 $50,030 $10,000 $40,030
2022 $2,232 $34,380 $6,870 $27,510
2021 $2,288 $33,280 $6,650 $26,630
2020 $2,330 $30,150 $6,030 $24,120
2019 $2,257 $26,970 $5,390 $21,580
2018 $2,174 $25,410 $5,080 $20,330
2017 $2,098 $24,130 $4,820 $19,310
2016 $2,083 $23,320 $4,660 $18,660
2015 $1,863 $22,460 $4,490 $17,970
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Dewine

    Seller's Agent in 2012

    Cynthia Dewine

    Russ Lyon Sotheby's International Realty

    (480) 703-7997

    1 in this area

    135 Total Sales

    Cynthia Dewine
    Section Image
  • Ilona Poka

    Buyer's Agent in 2012

    Ilona Poka

    Living Easy Arizona

    (480) 650-9964

    16 Total Sales

    Ilona Poka
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4695395

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-40-194

Arizona Maricopa County Gilbert 85295 Gateway Ranch

2531 E Milky Way, 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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