NOT LISTED FOR SALE

Estimated Value: $1,675,000 - $1,951,484

4 Beds
3.5 Baths
4,957 Sq Ft
$367/Sq Ft Est. Value

Last Sold March 30, 2019

Last sale price $981,006 $198 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $10,882/month

Highlights

  • Gated Community
  • 0.39 Acre Lot
  • Community Lake
  • San Tan Elementary School Rated A
  • Home Energy Rating Service (HERS) Rated Property
  • Corner Lot

About This Home

As of March 2019

Located in Gilbert's Newest Master Planned, Gated Community - Somerset at Belmont. Two Story 4,957 Sq. Ft., 4 bedrooms, office, bonus and flex room, 3.5 baths, 3 car garage. Cul-de-sac lot near community lake on large homesite. 12' ceilings in open great room, kitchen & dining room. Kitchen has large island, walk-in pantry. Wolf 48'' Gas range and Hood with 11'' infrared griddle, 6 burners & dual ovens. Sub-Zero Refrigerator. 42'' Henning smoke color shaker style maple cabinets with 18'' stacked cabinets and crown included. Kohler fixtures. Master bath has tub & walk-in shower, dual sinks and dual master closets. Large interior courtyard/covered patio. Rinnai Tankless water heater, Soft water loop, Spray Foam insulation, Anderson Low-E windows, LED lighting.

Last Agent to Sell the Property

Eric Holland

CastleRock Communities License #BR522373000 Listed on: 03/30/2019

Co-Listed By

James Patterson

William Ryan Realty, Inc License #BR582366000

Last Buyer's Agent

Eric Scott Holland

The New Home Company License #BR522373000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,700

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 0.39 Acre Lot
  • Private Streets
  • Block Wall Fence
  • Corner Lot
  • Private Yard

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Designed by Bassenian/Lagoni Architects
  • Wood Frame Construction
  • Spray Foam Insulation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,957 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • ENERGY STAR Qualified Windows with Low Emissivity

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
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Eco-Friendly Details

  • Home Energy Rating Service (HERS) Rated Property
  • Energy Monitoring System
  • ENERGY STAR Qualified Equipment for Heating
  • Mechanical Fresh Air

Schools

  • San Tan Elementary School
  • Sossaman Middle School
  • Higley High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Roll-in Shower
  • Covered patio or porch

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 5
  • Assessor Parcel Number 313-23-220

Community Details

Overview

  • Association fees include ground maintenance
  • Somerset Homeowners Association, Phone Number (602) 437-4777
  • Built by The New Home Company
  • Somerset Phase 1 Subdivision, Plan 2B Farmhouse
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,700

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$195 per month

Parking

3

Listing Details

  • Cross Street: E. of Greenfield S. of Pecos
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Bassenian/Lagoni
  • Association Fees Community Facilities District: Y
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 195.0
  • Basement: N
  • Cooling HVAC SEER Rating: 14
  • Energy Green Feature H E R S Cert Date: 2017-12-04
  • Energy Green Feature H E R S Rating: Y
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2019
  • Tax Year: 2019
  • Directions: 1 block East of Greenfield on Pecos Turn Right on S. Somerset Blvd. to roundabout, stay on S. Somerset to Bonanza Turn left to home at end of cul-de-sac
  • Master Model: Plan 2B Farmhouse
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.39
  • Co List Office Mls Id: tnhc001
  • Co List Office Phone: 480-634-6385
  • Subdivision Name: SOMERSET PHASE 1
  • Architectural Style: Ranch
  • New Construction: No
  • Efficiency: Energy Audit, Fresh Air Mechanical, Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Builder
  • Association Fees:HOA Fee2: 195.0
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Accessibility Features: Bath Roll-In Shower
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: Other (See Remarks)
  • Interior Amenities: Other, See Remarks, Breakfast Bar, 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 4957.0
  • Stories: 2
  • Window Features: Dual Pane, ENERGY STAR Qualified Windows, Low-E
  • ResoLivingAreaSource: Builder
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Community Features:Lake Subdivision: Yes
  • Fireplace:Other (See Remarks)14: Yes
  • Community Features:See Remarks2: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Private Street(s), Private Yard
  • Lot Features: Corner Lot, Dirt Front, Dirt Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Special Asmnt Dist, Seller Discl Avail
  • Home Warranty: Yes
  • Construction Type: See Remarks, Painted, Stucco, Frame - Wood, Spray Foam Insulation
  • Property Condition: Under Construction
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Other (See Remarks)23: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Private Street(s): Yes
  • Construction Status:Under Construction: Yes
  • Construction:Spray Foam Insulatn: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Other7: Yes

Utilities

  • Cooling: ENERGY STAR Qualified Equipment, Programmable Thmstat, Refrigeration
  • Heating: ENERGY STAR Qualified Equipment, Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Lake Subdivision, Tennis Court(s), Playground, Biking/Walking Path
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 195.0
  • Association Fee Frequency: Monthly
  • Association Name: Somerset Homeowners
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 300.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Somerset Homeowners
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 500.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2: 390.0
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: San Tan Elementary
  • High School: Higley High School
  • Middle Or Junior School: Sossaman Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16793.0
  • Parcel #: 313-23-220
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Tankless Ht Wtr Heat, Recirculation Pump
  • GreenEnergy Cert:Energy Star Cert: Yes

Building Info

  • Builder Name: The New Home Company

Tax Info

  • Tax Annual Amount: 7700.0
  • Tax Book Number: 313.00
  • Tax Lot: 5
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2019
Closed on
Feb 8, 2019
Sold by
Tnhc Arizona Marketing Llc
Bought by
Balmforth Casey and Balmforth Amy
Seller's Agent
Eric Holland
CastleRock Communities
Buyer's Agent
Eric Holland
CastleRock Communities
List Price
$9,981,006
Sold Price
$981,006
Premium/Discount to List
-$9,000,000
-90.17%
Total Days on Market
0
Current Estimated Value
$1,817,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,615
Avg. Annual Appreciation
10.25%
Original Mortgage
$481,006
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Balmforth Casey $981,006 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balmforth Casey $481,000
Closed Halmforth Casey $484,350
Previous Owner Balmforth Casey $481,006
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2019 03/30/19 Sold $981,006 -90.2% $198 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/30/2019 03/30/19 For Sale $9,981,006 -- $2,014 / 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 $5,811 $67,853 -- --
2024 $5,833 $64,622 -- --
2023 $5,833 $137,650 $27,530 $110,120
2022 $5,584 $101,700 $20,340 $81,360
2021 $5,655 $96,700 $19,340 $77,360
2020 $5,720 $74,880 $14,970 $59,910
2019 $2,061 $27,315 $27,315 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5903928

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-23-220