2550 E Penedes Dr Gilbert, AZ 85298
South Gilbert Neighborhood
5
Beds
3
Baths
3,083
Sq Ft
7,181
Sq Ft Lot
Highlights
- RV Gated
- Corner Lot
- Covered Patio or Porch
- Chandler Traditional Academy-Freedom Rated A
- Granite Countertops
- Eat-In Kitchen
About This Home
As of March 2025Experience elevated living in this upgraded Fulton home with an impressive gas range, new water heater, water softener and installed RO, nestled in the highly sought-after Freeman Farms. Ideally located next to the serene community waterfall and lake, this property offers a rare level of privacy with only one neighbor. The home comes equipped with owned solar panels, allowing new owners to enjoy energy efficiency.
Step outside into a lush backyard with a vibrant lawn and a covered patio, ideal for gatherings and relaxation.
Located just 5 minutes from Gilbert Regional Park's pickleball courts, this home also offers easy access the 202 freeway, SanTan Village, and the exciting new Epicenter development.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,619
Year Built
- Built in 2013
Lot Details
- 7,181 Sq Ft Lot
- Desert faces the back of the property
- Block Wall Fence
- Corner Lot
- Backyard Sprinklers
- Grass Covered Lot
HOA Fees
- $105 Monthly HOA Fees
Parking
- 3 Car Garage
- 2 Open Parking Spaces
- Garage Door Opener
- RV Gated
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 3,083 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet or more
- Double Pane Windows
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Gas Cooktop
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bathroom is a Full Bathroom
- 3 Bathrooms
- Bathtub With Separate Shower Stall
Utilities
- Central Air
- Heating System Uses Natural Gas
- Tankless Water Heater
- Cable TV Available
Additional Features
- Covered Patio or Porch
- Property is near a bus stop
Listing and Financial Details
- Tax Lot 575
- Assessor Parcel Number 304-81-522
Community Details
Overview
- Association fees include ground maintenance
- Trestle Management Association, Phone Number (480) 220-0888
- Built by Fulton
- Freeman Farms Phase 3 Parcel 4 Subdivision
Recreation
- Community Playground
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2024
Closed on
Feb 24, 2025
Sold by
Hanks Andrew S and Hanks Victoria
Bought by
Millet Sebius and Millet Hetna
Seller's Agent
Riley Rhodes
DWEL LLC
Buyer's Agent
Brian Rhode
Barrett Real Estate
List Price
$700,000
Sold Price
$640,000
Premium/Discount to List
-$60,000
-8.57%
Views
78
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,452
Avg. Annual Appreciation
1.99%
Original Mortgage
$448,000
Outstanding Balance
$445,852
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$200,600
Purchase Details
Listed on
Mar 25, 2016
Closed on
May 9, 2016
Sold by
Hanks Victoria A
Bought by
Hanks Andrew S
Seller's Agent
Randy Duncan
Realty Executives Arizona Territory
Buyer's Agent
Sheryl Lage
West USA Realty
List Price
$359,900
Sold Price
$353,000
Premium/Discount to List
-$6,900
-1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$317,700
Interest Rate
3.59%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 2, 2014
Sold by
Fulton Homes Sales Corporation
Bought by
Burgess Jason Stuart and Burgess Angelina Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.62%
Mortgage Type
New Conventional
Similar Homes in Gilbert, AZ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | Security Title Agency | |
| Warranty Deed | -- | Security Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Warranty Deed | $353,000 | Security Title Agency Inc | |
| Special Warranty Deed | $360,442 | First American Title Ins Co | |
| Cash Sale Deed | $163,653 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $448,000 | New Conventional | |
| Previous Owner | $90,000 | Credit Line Revolving | |
| Previous Owner | $298,000 | New Conventional | |
| Previous Owner | $317,700 | New Conventional | |
| Previous Owner | $288,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Sold | $640,000 | 0.0% | $208 / Sq Ft |
| 02/05/2025 02/05/25 | Price Changed | $640,000 | -1.5% | $208 / Sq Ft |
| 02/03/2025 02/03/25 | Price Changed | $649,900 | 0.0% | $211 / Sq Ft |
| 01/21/2025 01/21/25 | Price Changed | $650,000 | -2.3% | $211 / Sq Ft |
| 12/04/2024 12/04/24 | Price Changed | $665,000 | -2.9% | $216 / Sq Ft |
| 11/15/2024 11/15/24 | Price Changed | $685,000 | -1.4% | $222 / Sq Ft |
| 11/01/2024 11/01/24 | Price Changed | $695,000 | -0.7% | $225 / Sq Ft |
| 09/26/2024 09/26/24 | For Sale | $700,000 | +98.3% | $227 / Sq Ft |
| 05/12/2016 05/12/16 | Sold | $353,000 | -1.9% | $114 / Sq Ft |
| 04/16/2016 04/16/16 | Pending | -- | -- | -- |
| 03/25/2016 03/25/16 | For Sale | $359,900 | -- | $117 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,681 | $34,517 | -- | -- |
| 2024 | $2,619 | $32,873 | -- | -- |
| 2023 | $2,619 | $49,070 | $9,810 | $39,260 |
| 2022 | $2,528 | $36,710 | $7,340 | $29,370 |
| 2021 | $2,642 | $33,510 | $6,700 | $26,810 |
| 2020 | $2,628 | $32,230 | $6,440 | $25,790 |
| 2019 | $2,526 | $29,220 | $5,840 | $23,380 |
| 2018 | $2,445 | $27,780 | $5,550 | $22,230 |
| 2017 | $2,290 | $27,860 | $5,570 | $22,290 |
| 2016 | $2,177 | $28,980 | $5,790 | $23,190 |
| 2015 | $2,136 | $27,520 | $5,500 | $22,020 |
Source: Public Records
Agents Affiliated with this Home
-
Riley Rhodes
R
Seller's Agent in 2025
Riley Rhodes
DWEL LLC
(480) 650-8531
3 in this area
49 Total Sales
-
Brian Rhode
Buyer's Agent in 2025
Brian Rhode
Barrett Real Estate
(480) 235-1222
1 in this area
67 Total Sales
-
Randy Duncan
Seller's Agent in 2016
Randy Duncan
Realty Executives
(602) 377-0896
52 Total Sales
-
Sheryl Lage
Buyer's Agent in 2016
Sheryl Lage
West USA Realty
(602) 214-3966
24 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6759038
APN: 304-81-522
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.
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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