NOT LISTED FOR SALE

3374 E Houston Ave Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $1,640,000 - $2,773,000

4.87 Acres
$483,409 Price per Acre
212,137 Sq Ft Lot

Last Sold September 27, 2024

Last sale price $2,700,000

Est. 13% decrease in value since last sale

Current estimated payment $12,901/month

301 Days on Market

Highlights

  • Horses Allowed On Property
  • Gated Community
  • No HOA
  • Carol Rae Ranch Elementary Rated A-
  • 4.87 Acre Lot
  • Shed

About This Lot

As of September 2024

OPPORTUNITY KNOCKS!!! CREATE YOUR OWN FAMILY COMPOUND!!!
This Developer Dream Project (just under) 5-Acre, Gilbert, AZ property is PRICE REDUCED!!!
The majority of this irrigated land is covered with 152 (mostly) Citrus Trees, with a 4552sf Custom Built Home (with Basement) included in the asking price. The REAL opportunity presents itself in the Current Zoning SF10, allowing a minimum of 10,000sf HORSE PROPERTY lots to be developed on the property.
LOCATION! LOCATION! LOCATION! Just minutes to 2 freeways (East US60 & Loop 202) and walking distance to Shopping, Restaurants, & Services + Gilbert Gateway Hospital, AND the amazing Carol Rae Elementary School, and so much more!
NO HOA!!
Check out the beautiful aerial photos.

Last Agent to Sell the Property

Charles Malone

JK Realty License #BR003054000 Listed on: 11/01/2023

JK Realty

Co-Listed By

Jeff Dorsten

JK Realty License #SA563341000

Last Buyer's Agent

David Karrick

My Home Group Real Estate License #SA024831000

My Home Group Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,584

Lot Details

  • 4.87 Acre Lot
  • East or West Exposure
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned SF10

Schools

  • Carol Rae Ranch Elementary School
  • Highland Jr High Middle School
  • Highland High School

Utilities

  • Grandfathered Water Rights
  • Well

Additional Features

  • Residence on Property
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 304-07-011-F

Community Details

Overview

  • No Home Owners Association
  • Metes And Bounds No Subdiv Subdivision

Security

  • Gated Community

Recreation

  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$6,584

Lot Details

0

Listing Details

  • Cross Street: Houston & Higley Rd.
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: See Remarks, On Site Imp Needed, Prelim Eng Needed
  • Zoning: SF10
  • Tax Year: 2023
  • Horses: Yes
  • Lot Size Acres: 4.87
  • Co List Office Mls Id: jkjl01
  • Co List Office Phone: 480-733-8500
  • Subdivision Name: Metes and Bounds - No Subdiv
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, PAD
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: Block, Chain Link
  • Lot Features: See Remarks, East/West Exposure, Gated Community
  • Disclosures: Water Well Report
  • Other Structures: Shed(s), Residence

Utilities

  • Electric: SRP
  • Water Source: Domestic Well, Wtr Rghts Grndfthrd, Irr Ditch(es)-Lined

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Carol Rae Ranch Elementary
  • High School: Highland High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Highland Jr High School

Lot Info

  • Lot Size: 0
  • Horse Amenities: See Remarks
  • Lot Size Sq Ft: 212283.0
  • Additional Parcels: No
  • Parcel #: 304-07-011-F
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6584.0
  • Tax Book Number: 304.00
  • Tax Lot: -
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2023
Closed on
Sep 20, 2024
Sold by
Smith Family Trust and Smith James J
Bought by
Johnson Kevin and Johnson Tara
Seller's Agent
Charles Malone
JK Realty
Buyer's Agent
David Karrick
My Home Group Real Estate
List Price
$5,200,000
Sold Price
$2,700,000
Premium/Discount to List
-$2,500,000
-48.08%
Views
294
Current Estimated Value
$2,354,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$345,798
Avg. Annual Appreciation
-10.46%
Original Mortgage
$2,300,000
Outstanding Balance
$2,267,540
Interest Rate
6.49%
Mortgage Type
Seller Take Back
Estimated Equity
$86,662

Purchase Details

Closed on
Nov 13, 2015
Sold by
Smith James J and Smit Lisa D
Bought by
Smith Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Johnson Kevin $2,700,000 Wfg National Title Insurance C
Smith Family Trust -- None Available
Smith James J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Kevin $2,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $2,700,000 -24.9% --
08/29/2024 08/29/24 Pending -- -- --
05/04/2024 05/04/24 Price Changed $3,595,000 -9.0% --
02/22/2024 02/22/24 Price Changed $3,950,000 -12.2% --
11/20/2023 11/20/23 Price Changed $4,500,000 -13.5% --
11/01/2023 11/01/23 For Sale $5,200,000 -- --
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 $6,788 $70,645 -- --
2024 $6,584 $67,281 -- --
2023 $6,584 $88,460 $17,690 $70,770
2022 $6,413 $72,560 $14,510 $58,050
2021 $6,461 $69,220 $13,840 $55,380
2020 $6,335 $65,220 $13,040 $52,180
2019 $5,898 $61,530 $12,300 $49,230
2018 $5,670 $61,950 $12,390 $49,560
2017 $5,488 $60,210 $12,040 $48,170
2016 $5,572 $56,830 $11,360 $45,470
2015 $5,022 $53,400 $10,680 $42,720
Source: Public Records

Agents Affiliated with this Home

  • Charles Malone

    Seller's Agent in 2024

    Charles Malone

    JK Realty

    (480) 329-7489

    4 in this area

    37 Total Sales

    Charles Malone
    Section Image
  • Jeff Dorsten

    Seller Co-Listing Agent in 2024

    Jeff Dorsten

    JK Realty

    (602) 821-2430

    2 in this area

    39 Total Sales

    Jeff Dorsten
    Section Image
  • David Karrick

    Buyer's Agent in 2024

    David Karrick

    My Home Group

    (602) 291-2583

    2 in this area

    60 Total Sales

    David Karrick
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6623046

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-07-011F

Arizona Maricopa County Gilbert 85234 Val Vista

3374 E Houston Ave, Gilbert, AZ

Not Listed for Sale

Lots

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