NOT LISTED FOR SALE

2872 E Cotton Ln Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $733,507 - $773,000

4 Beds
2 Baths
2,266 Sq Ft
$332/Sq Ft Est. Value

Last Sold February 20, 2015

Last sale price $330,000 $146 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,254/month

Highlights

  • 0.23 Acre Lot
  • Corner Lot
  • Covered Patio or Porch
  • Greenfield Elementary School Rated A-
  • Granite Countertops
  • 3-minute walk to Comstock Park

About This Home

As of February 2015

This courtyard beauty built by Greystone is located in popular Higley Groves West at Morrison Ranch. A split owner ranch offers the master a spa escape bathroom centered around the garden tub, separate sinks and vanity, large glass enclosed shower and private toilet room. This spacious master is complete with a large walk in closet. You'll find two additional bedrooms opposite the great room, one with a murphy bed making it great for guests. Don't miss the (den / man cave) add a closet or dresser and use as a 4th bedroom with direct access to the cobblestone paver courtyard complete with gas stub for your bbq or fire pit. Whether you're entertaining in the courtyard, great room or the backyard family and guests will enjoy this home. The kitchen is a chefs delight offering black granite countertops, double ovens, gas cooktop, built in microwave, walk in pantry and an island large enough to create your gourmet dishes in abundance. Did I mention the laundry room is complete with cabinets, counter space and a laundry sink, plus windows for natural light! There's a built-in desk perfect for sorting the mail or your student to complete their work. So much to appreciate. You must see this home.

Morrison Ranch is a planned community near shopping & dining (Lakeview Village, San Tan Village), schools, parks and bike trails. (Sun Circle Trail, Santan Vista Trail & Eastern Canal Trail to name a few.) HOA cares for the parks and all grass & trees in common areas.

Last Agent to Sell the Property

Vicki Kelly

DPR Realty LLC License #SA518374000 Listed on: 02/02/2015

DPR Realty LLC

Last Buyer's Agent

Shane Dodd

Realty ONE Group License #BR566399000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,205

Year Built

  • Built in 2002

Lot Details

  • 10,200 Sq Ft Lot
  • Block Wall Fence
  • Corner Lot
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,266 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Tile

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

  • Greenfield Elementary School
  • Greenfield Junior High School
  • Highland High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Purifier
  • Water Softener
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 328
  • Assessor Parcel Number 304-14-902

Community Details

Overview

  • Association fees include ground maintenance
  • First Services Res. Association, Phone Number (480) 551-4300
  • Built by Greystone
  • Higley Groves West Subdivision, Split Master Ranch Floorplan

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,205

Year Built

Built in 2002

Lot Details

0

HOA Fees

$88 per month

Parking

3

Listing Details

  • Cross Street: Higley & Elliot
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 88.0
  • Basement: N
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2014
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2014
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2002
  • Tax Year: 2014
  • Master Model: Split Master Ranch
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: matt01
  • Co List Office Phone: 480-355-1400
  • Subdivision Name: Higley Groves West
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 145.63
  • Association Fees:HOA Fee2: 88.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Gas Cooktop, Water Purifier
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Family Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Soft Water Loop, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2266.0
  • Stories: 1
  • Window Features: Dual Pane
  • 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:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Corner Lot, Gravel/Stone Front, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: 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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Other, See Remarks, Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Association Fee: 88.0
  • Association Fee Frequency: Monthly
  • Association Name: Higley Groves West
  • Phone: 480-551-4300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Higley Groves West
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 182.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: First Services Res.
  • Association Fees:HOA Management Phone: 480-551-4300
  • Association Fees:Cap ImprovementImpact Fee 2: 300.0
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Greenfield Elementary School
  • High School: Highland High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Greenfield Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10200.0
  • Parcel #: 304-14-902

Building Info

  • Builder Name: Greystone

Tax Info

  • Tax Annual Amount: 2205.0
  • Tax Book Number: 304.00
  • Tax Lot: 328
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2015
Closed on
Jan 12, 2015
Sold by
Skilton David L
Bought by
Peters Cynthia and Peters Jeremy
Seller's Agent
Vicki Kelly
DPR Realty LLC
Buyer's Agent
Shane Dodd
Realty ONE Group
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Current Estimated Value
$752,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,877
Avg. Annual Appreciation
7.90%
Original Mortgage
$313,500
Outstanding Balance
$238,522
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$514,355

Purchase Details

Closed on
May 7, 2010
Sold by
Munger Skilton Holly D
Bought by
Skilton David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,761
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 2010
Sold by
Miller Jeffrey S and Miller Tresa L
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Nov 19, 2002
Sold by
Greystone Homes Inc
Bought by
Miller Jeffrey S and Miller Tresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,950
Interest Rate
5.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Peters Cynthia $330,000 American Title Svc Agency Ll
Skilton David L -- Great American Title Agency
Skilton David L $234,000 Great American Title Agency
Federal Home Loan Mortgage Corp $265,000 Great American Title Agency
Miller Jeffrey S $264,990 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peters Cynthia $313,500
Previous Owner Skilton David L $229,761
Previous Owner Miller Jeffrey S $211,950
Closed Miller Jeffrey S $39,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $330,000 -2.9% $146 / Sq Ft
02/02/2015 02/02/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $340,000 -- $150 / 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 $2,654 $34,335 -- --
2024 $2,573 $32,700 -- --
2023 $2,573 $50,950 $10,190 $40,760
2022 $2,496 $39,080 $7,810 $31,270
2021 $2,626 $36,750 $7,350 $29,400
2020 $2,584 $34,200 $6,840 $27,360
2019 $2,378 $33,420 $6,680 $26,740
2018 $2,305 $30,250 $6,050 $24,200
2017 $2,226 $28,500 $5,700 $22,800
2016 $2,302 $26,730 $5,340 $21,390
2015 $2,096 $27,800 $5,560 $22,240
Source: Public Records

Agents Affiliated with this Home

  • Vicki Kelly

    Seller's Agent in 2015

    Vicki Kelly

    DPR Realty

    (480) 216-0353

    28 Total Sales

    Vicki Kelly
    Section Image
  • Shane Dodd

    Buyer's Agent in 2015

    Shane Dodd

    Realty One Group

    (480) 321-8100

    2 in this area

    56 Total Sales

    Shane Dodd
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5241350

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-14-902

Arizona Maricopa County Gilbert 85234 Val Vista

2872 E Cotton Ln, 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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