$1,097,000 - $1,534,000
RENTED JUL 1, 2024

2950 E Latham Way Gilbert, AZ 85297

Higley Neighborhood
4 Beds
5 Baths
3,703 Sq Ft
$379 Price per Sq Ft

Last Sold March 05, 2020

Last sale price $770,270 $208 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $7,933/month

About This Home

As of March 2020

Amazing custom home in Gilbert is a multi-purpose masterpiece. This beautiful property in the gated community of Weston Ranch is perfect for both entertaining and family living. The kitchen is a chef's dream with two separate islands, each with their own sink and large prep area. Premium appliances include double ovens, built in refrigerator and 5 burner gas range. Stunning resort-style back yard features a gas grill, fire pit, spa and wide lap length pool. Butler's pantry and formal dining room are serviced by the extra-large wet bar. Each bedroom has its own ensuite bathroom - ideal for large or multi-generational families. Master wing includes 2 closets, a large soaking tub,and a huge sitting room. See why this is the best of both worlds.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2023
Sold by
Vannela Ravi and Vannela Archana
Bought by
Raaavi Trust
Current Estimated Value
$1,404,342

Purchase Details

Listed on
Mar 29, 2019
Closed on
Feb 4, 2020
Sold by
Nikolaev Sandra S and The Richard And Sandra Nikolae
Bought by
Vannela Ravi and Vannela Archana
Seller's Agent
Cort Nikolaev
Geneva Real Estate and Investments
Buyer's Agent
Cort Nikolaev
Geneva Real Estate and Investments
List Price
$899,500
Sold Price
$770,270
Premium/Discount to List
-$129,230
-14.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.12%
Original Mortgage
$654,770
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2015
Sold by
Nikolaev Richard D and Nikolaev Revocable T Richard D
Bought by
The Richard & Sandra Nikolaev Trust

Purchase Details

Closed on
Jul 2, 2010
Sold by
Compass Bbva
Bought by
Nikolaev Sandra S

Purchase Details

Closed on
May 12, 2010
Sold by
Weston Ranch Development Llc
Bought by
Compass Bank
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Raaavi Trust -- --
Vannela Ravi $770,270 Premier Title Agency
The Richard & Sandra Nikolaev Trust -- None Available
Nikolaev Sandra S $525,000 Fidelity Natl Title Ins Co
Compass Bank $2,666,557 Stewart Title & Trust Of Pho
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vannela Ravi $150,000
Previous Owner Vannela Ravi $653,300
Previous Owner Vannela Ravi $654,770
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Rented $5,400 0.0% --
06/06/2024 06/06/24 Price Changed $5,400 -1.8% $1 / Sq Ft
05/24/2024 05/24/24 For Rent $5,500 0.0% --
05/24/2024 05/24/24 Under Contract -- -- --
04/08/2024 04/08/24 For Rent $5,500 0.0% --
03/05/2020 03/05/20 Sold $770,270 -9.4% $208 / Sq Ft
07/18/2019 07/18/19 Price Changed $850,000 -2.9% $230 / Sq Ft
06/19/2019 06/19/19 Price Changed $875,000 -2.7% $236 / Sq Ft
03/01/2019 03/01/19 For Sale $899,500 -- $243 / Sq Ft

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 $5,758 $60,211 -- --
2024 $6,965 $57,343 -- --
2023 $6,965 $105,570 $21,110 $84,460
2022 $6,698 $77,630 $15,520 $62,110
2021 $6,158 $72,300 $14,460 $57,840
2020 $6,255 $64,050 $12,810 $51,240
2019 $6,058 $61,670 $12,330 $49,340
2018 $5,831 $57,680 $11,530 $46,150
2017 $5,614 $58,980 $11,790 $47,190
2016 $5,676 $56,280 $11,250 $45,030
2015 $4,911 $53,470 $10,690 $42,780
Source: Public Records

Agents Affiliated with this Home

  • U

    Seller's Agent in 2024

    Uma Bolisetty

    DeLex Realty

    (480) 789-1221

    17 Total Sales

    Uma Bolisetty
    Section Image

  • N

    Buyer's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • C

    Seller's Agent in 2020

    Cort Nikolaev

    Geneva Real Estate and Investments

    (602) 228-5900

    1 Total Sale

    Cort Nikolaev
    Section Image
See All Agents

Map

Arizona Maricopa County Gilbert 85297 Higley

2950 E Latham Way, Gilbert, AZ

This home is located at 2950 E Latham Way, Gilbert, AZ 85297 and is currently estimated at $1,404,342, approximately $379 per square foot. 2950 E Latham Way is a home located in Maricopa County with nearby schools including Coronado Elementary School, Williams Field High School, and Cooley Middle School.

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.

Nearby Homes