NOT LISTED FOR SALE

2940 E Cotton Ln Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $965,069 - $1,037,000

5 Beds
4.5 Baths
3,745 Sq Ft
$267/Sq Ft Est. Value

Last Sold September 25, 2015

Last sale price $470,000 $126 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $5,591/month

112 Days on Market

Highlights

  • Heated Lap Pool
  • RV Gated
  • Wood Flooring
  • Greenfield Elementary School Rated A-
  • 0.23 Acre Lot
  • 4-minute walk to Windmill Park

About This Home

As of September 2015

WoW! A showpiece located in the premier community of Higley Groves West. 5 Bedroom, 4.5 Bath with bedroom and full bath downstairs with a separate entrance. Formal living plus family room with gas fireplace. Gourmet Kitchen offers granite countertops, breakfast bar, coffee bar, walk in pantry and upgraded appliances. Formal dining room and dining in the kitchen, this room has gorgeous punched tin ceiling and stain glass accent in door. Master suite boasts separate tub and shower, walk in closet dual vanities. Gorgeous flooring and cabinetry throughout the home. French doors open to an oasis in the back yard with a heated, salt water lap/play pool. Lush Landscaping and pool water feature. Secluded courtyard with additional water fountain at sideyard. Too many upgrades, must see!!

Last Agent to Sell the Property

Jesse Herfel

My Home Group Real Estate License #SA513830000 Listed on: 04/23/2015

My Home Group Real Estate

Last Buyer's Agent

Maureen Waters

Iconic Realty PA License #SA042857000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,151

Year Built

  • Built in 2001

Lot Details

  • 10,200 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 3,745 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Heated Lap Pool
  • Pool Pump

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 333
  • Assessor Parcel Number 304-14-907

Community Details

Overview

  • Association fees include ground maintenance
  • Higley Groves Association, Phone Number (480) 551-4300
  • Built by Greystone Homes
  • Higley Groves West Subdivision

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,151

Year Built

Built in 2001

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
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2001
  • Tax Year: 2014
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.23
  • Subdivision Name: HIGLEY GROVES WEST
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 125.5
  • 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
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Total Bedrooms: 5
  • Fireplace Features: 1 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3745.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Grass Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Heated, Lap, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: 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
  • 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
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 482.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • 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 #: 304-14-907

Building Info

  • Builder Name: Greystone Homes

Tax Info

  • Tax Annual Amount: 3151.0
  • Tax Book Number: 304.00
  • Tax Lot: 333
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2015
Closed on
Sep 18, 2015
Sold by
Tierney Lawrence G and Tierney Nancy S
Bought by
Flores Sergio R and Flores Sylvia
Seller's Agent
Jesse Herfel
My Home Group Real Estate
Buyer's Agent
Maureen Waters
Iconic Realty PA
List Price
$500,000
Sold Price
$470,000
Premium/Discount to List
-$30,000
-6%
Current Estimated Value
$999,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,517
Avg. Annual Appreciation
7.58%
Original Mortgage
$423,000
Outstanding Balance
$332,125
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$667,392

Purchase Details

Closed on
Sep 18, 2001
Sold by
Greystone Homes Inc
Bought by
Tierney Lawrence G and Tierney Nancy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.99%
Mortgage Type
New Conventional
Source: Public Records
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flores Sergio R $470,000 First American Title Ins Co
Tierney Lawrence G $337,448 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Sergio R $423,000
Previous Owner Tierney Lawrence G $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2015 09/25/15 Sold $470,000 -1.1% $126 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
07/15/2015 07/15/15 Price Changed $475,000 -2.3% $127 / Sq Ft
06/11/2015 06/11/15 Price Changed $486,000 -1.8% $130 / Sq Ft
05/18/2015 05/18/15 Price Changed $495,000 -1.0% $132 / Sq Ft
04/23/2015 04/23/15 For Sale $500,000 -- $134 / 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 $3,937 $49,048 -- --
2024 $3,792 $46,712 -- --
2023 $3,792 $61,700 $12,340 $49,360
2022 $3,671 $47,450 $9,490 $37,960
2021 $3,809 $44,930 $8,980 $35,950
2020 $3,742 $42,050 $8,410 $33,640
2019 $3,436 $41,670 $8,330 $33,340
2018 $3,325 $39,120 $7,820 $31,300
2017 $3,199 $39,730 $7,940 $31,790
2016 $3,295 $37,710 $7,540 $30,170
2015 $2,982 $40,210 $8,040 $32,170
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jesse Herfel

    My Home Group

    (602) 705-2232

    Jesse Herfel
    Section Image
  • Maureen Waters

    Buyer's Agent in 2015

    Maureen Waters

    Iconic Realty PA

    (602) 647-6590

    1 in this area

    44 Total Sales

    Maureen Waters
    Section Image

  • M

    Buyer's Agent in 2015

    Maureen Waters Valdez

    RE/MAX

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5269892

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-14-907

Arizona Maricopa County Gilbert 85234 Val Vista

2940 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

Nearby Homes