NOT LISTED FOR SALE

2698 S Heritage Dr Gilbert, AZ 85295

Southwest Gilbert Neighborhood

Estimated Value: $993,000 - $1,053,000

4 Beds
3 Baths
3,479 Sq Ft
$292/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $939,000 $270 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,856/month

30 Days on Market

Highlights

  • Private Pool
  • Community Lake
  • Covered Patio or Porch
  • Spectrum Elementary School Rated A
  • Granite Countertops
  • 3 Car Garage

About This Home

As of October 2021

This beautiful luxury Majestic Series Meritage home is just what you have been waiting for! Located in the highly coveted neighborhood of Velvendo, it surely is the home to see. Bright open floor plan with 12 ft ceilings, private courtyard, dream kitchen, master bedroom with his and hers closets, den and teen room with barn door, and flooring has been upgraded so there is no carpet! This home sits on over a quarter acre, and the backyard is a beautiful oasis with a sparkling pool. This home is like new and in an excellent location near the 202, shops, restaurants, schools, and entertainment. Your home awaits!

Last Agent to Sell the Property

Shawni Moore

Keller Williams Realty East Valley License #SA669382000 Listed on: 09/16/2021

Keller Williams Realty East Valley

Co-Listed By

Matthew Kochis

Keller Williams Realty East Valley License #SA573321000

Last Buyer's Agent

David Morgan

HomeSmart Premier License #SA631804000

HomeSmart Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,538

Year Built

  • Built in 2016

Lot Details

  • 0.29 Acre Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Spray Foam Insulation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,479 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Private Pool
  • Covered Patio or Porch

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 304-80-891

Community Details

Overview

  • Association fees include ground maintenance
  • Rpc Association, Phone Number (480) 813-6788
  • Built by Meritage
  • Estates At Velvendo Phase 1 Subdivision
  • Community Lake

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,538

Year Built

Built in 2016

Lot Details

0

HOA Fees

$89 per month

Parking

3

Listing Details

  • Cross Street: Lindsay and Williams Field
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 89.25
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2016
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2016
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.29
  • Co List Office Mls Id: kwevt01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: ESTATES AT VELVENDO PHASE 1
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 269.91
  • Association Fees:HOA Fee2: 267.75
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3479.0
  • Stories: 1
  • Window Features: Low-Emissivity Windows, Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Spray Foam Insulation, Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Construction:Spray Foam Insulatn: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Direct Access, Detached
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Detached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Near Bus Stop, Playground, Biking/Walking Path
  • Association Fee: 267.75
  • Association Fee Frequency: Quarterly
  • Association Name: Velvendo
  • Phone: 480-813-6788
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 175.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Velvendo
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 178.5
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: RPC
  • Association Fees:HOA Management Phone: 480-813-6788

Fee Information

  • Association Fee Includes: Maintenance Grounds

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

  • Land Lease: No
  • Lot Size Sq Ft: 12600.0
  • Parcel #: 304-80-891

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Meritage

Tax Info

  • Tax Annual Amount: 3538.0
  • Tax Book Number: 304.00
  • Tax Lot: 47
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 20, 2021
Sold by
Arumugam Balamurugan and Annambedukrishnakumar Kavitha
Bought by
Hooks Keon and Hooks Azunta
Seller's Agent
Shawni Moore
Keller Williams Realty East Valley
Buyer's Agent
David Morgan
HomeSmart Premier
List Price
$965,000
Sold Price
$939,000
Premium/Discount to List
-$26,000
-2.69%
Current Estimated Value
$1,022,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,379
Avg. Annual Appreciation
1.91%
Original Mortgage
$939,000
Outstanding Balance
$856,280
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$159,760

Purchase Details

Listed on
Jul 31, 2015
Closed on
May 27, 2016
Sold by
Meritage Homes Of Arizona Inc
Bought by
Arumugam Balamurugan and Annambedukrishnakumar Kavitha
Seller's Agent
Janine Long
Lockman & Long Real Estate
Buyer's Agent
Cathy Colvin
West USA Realty
List Price
$573,809
Sold Price
$499,995
Premium/Discount to List
-$73,814
-12.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$399,996
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Hooks Keon $939,000 Equitable Title Agency
Arumugam Balamurugan $499,995 Carefree Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hooks Keon $939,000
Previous Owner Arumugam Balamurugan $399,996
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2021 10/29/21 Sold $939,000 0.0% $270 / Sq Ft
10/01/2021 10/01/21 Price Changed $939,000 -2.7% $270 / Sq Ft
09/03/2021 09/03/21 For Sale $965,000 +93.0% $277 / Sq Ft
05/31/2016 05/31/16 Sold $499,995 0.0% $144 / Sq Ft View Prior Sale
04/18/2016 04/18/16 Pending -- -- --
04/15/2016 04/15/16 Price Changed $499,995 -3.8% $144 / Sq Ft
04/05/2016 04/05/16 Price Changed $519,995 -3.7% $150 / Sq Ft
04/05/2016 04/05/16 Price Changed $539,995 -0.9% $156 / Sq Ft
02/23/2016 02/23/16 Price Changed $544,995 -0.9% $157 / Sq Ft
02/12/2016 02/12/16 Price Changed $549,995 -2.1% $159 / Sq Ft
01/06/2016 01/06/16 Price Changed $561,795 -1.7% $162 / Sq Ft
01/04/2016 01/04/16 Price Changed $571,795 +1.8% $165 / Sq Ft
12/18/2015 12/18/15 Price Changed $561,795 +0.3% $162 / Sq Ft
09/24/2015 09/24/15 Price Changed $559,995 -3.6% $162 / Sq Ft
08/17/2015 08/17/15 Price Changed $580,869 +1.2% $168 / Sq Ft
07/31/2015 07/31/15 For Sale $573,809 -- $166 / 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 $4,919 $47,161 -- --
2024 $3,580 $44,915 -- --
2023 $3,580 $73,650 $14,730 $58,920
2022 $3,460 $55,020 $11,000 $44,020
2021 $3,601 $54,030 $10,800 $43,230
2020 $3,538 $51,580 $10,310 $41,270
2019 $3,242 $50,020 $10,000 $40,020
2018 $3,144 $44,270 $8,850 $35,420
2017 $3,025 $42,000 $8,400 $33,600
2016 $928 $12,195 $12,195 $0
2015 $903 $7,952 $7,952 $0
Source: Public Records

Agents Affiliated with this Home

  • Shawni Moore

    Seller's Agent in 2021

    Shawni Moore

    Keller Williams Realty East Valley

    (480) 215-5792

    12 in this area

    104 Total Sales

    Shawni Moore
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Matthew Kochis

    Keller Williams Realty East Valley

  • David Morgan

    Buyer's Agent in 2021

    David Morgan

    HomeSmart Premier

    (480) 251-4231

    1 in this area

    570 Total Sales

    David Morgan
    Section Image

  • K

    Buyer Co-Listing Agent in 2021

    Kelli McIntosh

    At Home

    (480) 225-8253

    1 in this area

    196 Total Sales

    Kelli McIntosh
    Section Image
  • Janine Long

    Seller's Agent in 2016

    Janine Long

    Lockman & Long Real Estate

    (480) 515-8163

    170 Total Sales

    Janine Long
    Section Image

  • C

    Buyer's Agent in 2016

    Cathy Colvin

    West USA Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6289243

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-80-891

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

2698 S Heritage Dr, Gilbert, AZ

Not Listed for Sale

Detached

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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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