NOT LISTED FOR SALE

3550 E Arabian Dr Gilbert, AZ 85296

Morrison Ranch Neighborhood

Estimated Value: $649,555 - $774,000

4 Beds
3 Baths
2,495 Sq Ft
$292/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $585,000 $234 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,084/month

10 Days on Market

Highlights

  • Granite Countertops
  • Covered Patio or Porch
  • Double Pane Windows
  • Finley Farms Elementary School Rated A-
  • Eat-In Kitchen
  • Dual Vanity Sinks in Primary Bathroom

About This Home

As of April 2021

Still ''Brand New'' home in Morrison Ranch! Built in 2020, this 2 story home features 4 bedrooms (1 on the main level), 3 full baths, separate office, and loft! Spacious family room includes surround sound and is pre-wired in the kitchen. 3 car tandem garage w/ epoxy flooring, service door, tankless water heater, and pre-plumbed for soft water loop and garage sink. Gourmet kitchen w/ gas cooktop, convection wi-fi connect oven, and wi-fi connect dishwasher. Master bath features full rain glass spa shower with dual shower heads. Enjoy the pavered extended patio overlooking an orange, lemon, and lime tree, and garden. Outdoor BBQ gas stub has been pre-plumbed and home is equipped with pre-wiring for 4 outdoor cameras. Close to the 202 freeway, Agritopia, and downtown Gilbert!

Last Agent to Sell the Property

Chelsea Rusch

Compass License #BR649518000 Listed on: 03/14/2021

Compass

Last Buyer's Agent

Thomas Rafeedie

Realty ONE Group License #SA664718000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $400

Year Built

  • Built in 2020

Lot Details

  • 5,998 Sq Ft Lot
  • Block Wall Fence
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $112 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,495 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

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
  • High Speed Internet

Community Details

  • Association fees include ground maintenance
  • Morrison Ranch Association, Phone Number (480) 921-7500
  • Built by Fulton Homes
  • Lakeview Trails Southwest At Morrison Ranch Subdivision

Listing and Financial Details

  • Tax Lot 214
  • Assessor Parcel Number 313-27-214

Home Details

Home Type

Single Family

Est. Annual Taxes

$400

Year Built

Built in 2020

Lot Details

0

HOA Fees

$112 per month

Parking

3

Listing Details

  • Cross Street: Warner and Higley
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 112.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2020
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: LAKEVIEW TRAILS SOUTHWEST AT MORRISON RANCH
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 234.46
  • Association Fees:HOA Fee2: 336.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 2495.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Tandem Garage, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • 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

  • Association Fee: 336.0
  • Association Fee Frequency: Quarterly
  • Association Name: Morrison Ranch
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 382.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Morrison Ranch
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 224.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

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: 5998.0
  • Parcel #: 313-27-214

Building Info

  • Builder Name: Fulton Homes

Tax Info

  • Tax Annual Amount: 400.0
  • Tax Book Number: 313.00
  • Tax Lot: 214
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2021
Closed on
Apr 13, 2021
Sold by
Patel Dimpal Rameshbhai
Bought by
Patel Pathik
Seller's Agent
Chelsea Rusch
Compass
Buyer's Agent
Thomas Rafeedie
Realty ONE Group
List Price
$549,000
Sold Price
$585,000
Premium/Discount to List
$36,000
6.56%
Current Estimated Value
$729,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,139
Avg. Annual Appreciation
4.73%
Original Mortgage
$526,500
Outstanding Balance
$475,366
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$253,773

Purchase Details

Closed on
May 1, 2020
Sold by
Fulton Homes Sales Corportion
Bought by
Palos Dwayne and Palos Kelly Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,349
Interest Rate
3.3%
Mortgage Type
New Conventional
Source: Public Records
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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
Patel Pathik -- Chicago Title Agency
Patel Pathik $585,000 Chicago Title Agency
Palos Dwayne $479,315 First American Title Ins Co
Fulton Homes Sales Corporation $180,990 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Pathik $526,500
Previous Owner Palos Dwayne $455,349
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $585,000 +6.6% $234 / Sq Ft
03/06/2021 03/06/21 For Sale $549,000 -- $220 / 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 $2,359 $30,285 -- --
2024 $2,285 $28,843 -- --
2023 $2,285 $45,920 $9,180 $36,740
2022 $2,214 $40,230 $8,040 $32,190
2021 $2,317 $36,110 $7,220 $28,890
2020 $400 $9,180 $9,180 $0
2019 $373 $4,845 $4,845 $0
Source: Public Records

Agents Affiliated with this Home

  • Chelsea Rusch

    Seller's Agent in 2021

    Chelsea Rusch

    Compass

    (480) 277-2715

    1 in this area

    54 Total Sales

    Chelsea Rusch
    Section Image
  • Thomas Rafeedie

    Buyer's Agent in 2021

    Thomas Rafeedie

    Realty One Group

    (480) 599-5813

    3 in this area

    73 Total Sales

    Thomas Rafeedie
    Section Image

  • T

    Buyer Co-Listing Agent in 2021

    Terri Witte

    Real Broker

    (888) 897-7821

    2 in this area

    135 Total Sales

    Terri Witte
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6204830

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-27-214

Arizona Maricopa County Gilbert 85296 Morrison Ranch

3550 E Arabian Dr, 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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