NOT LISTED FOR SALE

2553 E Magnolia Dr Gilbert, AZ 85298

Higley Neighborhood

Estimated Value: $775,000 - $1,128,000

1.09 Acres
$866,281 Price per Acre
47,480 Sq Ft Lot

Last Sold September 25, 2014

Last sale price $160,000

Est. 490% increase in value since last sale

Current estimated payment $5,245/month

103 Days on Market

About This Lot

As of September 2014

This prime lot offers value and access to excellent amenities! Irrigation and horse privileges, no HOA, great views of San Tan Mountain, in the city, yet a rural setting. Level interior, north/south lot on a PAVED road. IRRIGATION, ELECTRIC, and WATER at the property. This is the LAST lot to be developed on the street and offers much potential for the right buyer! Think BEAUTIFUL CUSTOM HOME on an exceptional lot with plenty of room to roam, the details can be your choice. No sign on the property at this time. Feel free to drive by and walk the land, see the view, then give us a call! Welcome!

Last Agent to Sell the Property

Jennifer Gardiner

West USA Realty License #SA114082000 Listed on: 05/15/2014

West USA Realty

Last Buyer's Agent

Mindy Tabor

Realty ONE Group License #SA555581000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,443

Lot Details

  • 1.09 Acre Lot
  • Property is zoned R-43

Eco-Friendly Details

  • North or South Exposure

Schools

  • Coronado Elementary School
  • Higley Traditional Academy High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 304-70-068-B

Property Details

Property Type

Land

Est. Annual Taxes

$1,443

Lot Details

0

Listing Details

  • Cross Street: GREENFIELD AND QUEEN CREEK
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: Raw Land
  • Zoning: R-43
  • Tax Year: 2013
  • Lot Size Acres: 1.09
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: None
  • Lot Features: North/South Exp
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Coronado Elementary School
  • High School: Higley Traditional Academy
  • Middle Or Junior School: Coronado Elementary School

Lot Info

  • Lot Size: 175X251
  • Lot Size Sq Ft: 47362.0
  • Additional Parcels: No
  • Parcel #: 304-70-068-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1443.0
  • Tax Book Number: 304.00
  • Tax Lot: 0
  • Tax Map Number: 70.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2014
Closed on
Nov 3, 2014
Sold by
Carbone Renee Michelle
Bought by
Carbone Renee Michelle and Tinney Christopher D
Seller's Agent
Jennifer Gardiner
West USA Realty
Buyer's Agent
Mindy Tabor
Realty ONE Group
List Price
$195,000
Sold Price
$160,000
Premium/Discount to List
-$35,000
-17.95%
Current Estimated Value
$944,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$784,246
Avg. Annual Appreciation
17.08%
Original Mortgage
$120,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2014
Closed on
Sep 9, 2014
Sold by
Orth Michael
Bought by
Carbone Renee Michelle
Seller's Agent
Jennifer Gardiner
West USA Realty
Buyer's Agent
Mindy Tabor
Realty ONE Group
List Price
$195,000
Sold Price
$160,000
Premium/Discount to List
-$35,000
-17.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 12, 2013
Closed on
Jun 5, 2013
Sold by
Cross Bonnie Ann
Bought by
Orth Michael
Seller's Agent
Janine Brown
HomeSmart
Buyer's Agent
Richard Ashby
Ashby Realty Group, LLC
List Price
$149,900
Sold Price
$139,000
Premium/Discount to List
-$10,900
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%

Purchase Details

Closed on
May 3, 2000
Sold by
Ecco Homes Inc
Bought by
Cross Bonnie Ann

Purchase Details

Closed on
Aug 9, 1999
Sold by
Ecco Homes Inc
Bought by
Green Kevin W and Green Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,900
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 1999
Sold by
Ecco Homes Inc
Bought by
Ecco Homes Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Carbone Renee Michelle -- Magnus Title Agency
Carbone Renee Michelle -- Magnus Title Agency
Carbone Renee Michelle $160,000 Magnus Title Agency
Orth Michael $139,000 First Arizona Title Agency
Cross Bonnie Ann $67,500 Security Title Agency
Green Kevin W $199,900 Security Title Agency
Ecco Homes Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Carbone Renee Michelle $120,000
Previous Owner Green Kevin W $159,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2014 09/25/14 Sold $160,000 -17.9% --
08/26/2014 08/26/14 Pending -- -- --
05/15/2014 05/15/14 For Sale $195,000 +40.3% --
06/07/2013 06/07/13 Sold $139,000 -7.3% -- View Prior Sale
04/27/2013 04/27/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $149,900 -- --
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 $3,575 $44,722 -- --
2024 $3,790 $42,592 -- --
2023 $3,790 $78,160 $15,630 $62,530
2022 $3,627 $58,900 $11,780 $47,120
2021 $3,644 $53,080 $10,610 $42,470
2020 $3,699 $52,010 $10,400 $41,610
2019 $3,581 $46,350 $9,270 $37,080
2018 $3,142 $38,720 $7,740 $30,980
2017 $3,033 $36,220 $7,240 $28,980
2016 $1,685 $18,555 $18,555 $0
2015 $1,574 $17,568 $17,568 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jennifer Gardiner

    West USA Realty

    (602) 549-2242

    5 Total Sales

    Jennifer Gardiner
    Section Image

  • M

    Buyer's Agent in 2014

    Mindy Tabor

    Realty One Group

    (480) 321-8100

    26 Total Sales

    Mindy Tabor
    Section Image

  • J

    Seller's Agent in 2013

    Janine Brown

    HomeSmart

    (602) 568-1054

    11 Total Sales

    Janine Brown
    Section Image

  • R

    Buyer's Agent in 2013

    Richard Ashby

    Ashby Realty Group, LLC

    (602) 330-4664

    1 in this area

    131 Total Sales

    Richard Ashby
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5116188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-70-068B

Arizona Maricopa County Gilbert 85298 Higley

2553 E Magnolia Dr, Gilbert, AZ

Not Listed for Sale

Lots

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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