RENTED JUL 18, 2025

Estimated Value: $515,364 - $591,000

4 Beds
3 Baths
2,523 Sq Ft
$219/Sq Ft Est. Value

Highlights

  • Community Lake
  • Clubhouse
  • Granite Countertops
  • Centennial Elementary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of July 2025

Welcome to this spacious 4 bedroom home located in the desirable Power Ranch community in Gilbert, AZ. This home offers ample space for comfortable living with its 4 bedrooms and 3 full bathrooms. The backyard features a patio and pavers, perfect for outdoor entertaining or simply enjoying the Arizona sunshine. Inside, you'll find a formal living area, providing a great space for relaxation or hosting guests. The downstairs bedroom and full bathroom offer convenience and flexibility. The entire house boasts beautiful tile or wood flooring. The kitchen is a chef's dream, complete with granite countertops and a kitchen island, providing plenty of space for meal preparation and entertaining. Upstairs, you'll find a versatile loft area, ideal for a home office or additional living space.

Last Agent to Rent the Property

Madalyn Grana

Denman Realty Group, L.L.C License #SA658727000 Listed on: 05/12/2025

Co-Listed By

Wade Denman

Denman Realty Group, L.L.C License #BR116073000

Last Renter's Agent

Monica Astorga

Realty ONE Group License #SA573853000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 4,090 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,523 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Schools

  • Power Ranch Elementary School
  • Sossaman Middle School
  • Higley High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Central Air
  • Heating Available

Listing and Financial Details

  • Property Available on 5/12/25
  • $199 Move-In Fee
  • 12-Month Minimum Lease Term
  • $55 Application Fee
  • Tax Lot 22
  • Assessor Parcel Number 304-59-364

Community Details

Overview

  • Property has a Home Owners Association
  • Power Ranch Association, Phone Number (480) 829-7400
  • Built by Richmond American Homes
  • Power Ranch Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: None
  • Available Date: 2025-05-12

Listing Details

  • Cross Street: Germann & Higley
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Rental Info H O A Name: Power Ranch
  • Non Assistive Animals: Lessor Approval
  • Initial Move In Costs Addtl Move In Fees: 25.0
  • Initial Move In Costs Admin Fee: 199.0
  • Initial Move In Costs Application Fee: 55.0
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: denm01
  • Co List Office Phone: 480-834-1525
  • Subdivision Name: POWER RANCH
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Tile, Wood
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: Granite Counters, Upstairs, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2523.0
  • Stories: 2
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Private: No
  • Disclosures: Agency Discl Req, Other (See Remarks)
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Both Refrig & Evap, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Dryer Included, Washer Included
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Spa, Community Pool, Tennis Court(s), Biking/Walking Path, Clubhouse
  • Association Name: Power Ranch
  • Phone: 480-829-7400
  • Association: Yes
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: Power Ranch Elementary
  • High School: Higley High School
  • Junior High Dist: Higley Unified School District
  • Middle Or Junior School: Sossaman Middle School

Lot Info

  • Lot Size Sq Ft: 4090.0
  • Parcel #: 304-59-364

Building Info

  • Builder Name: Richmond American Homes

Tax Info

  • Tax Book Number: 304.00
  • Tax Lot: 22
  • Tax Map Number: 59.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2020
Sold by
Janardanan Venkatesh and Kannan Smitha
Bought by
Janardanan Venkatesh and Kannan Smitha
Current Estimated Value
$551,841

Purchase Details

Closed on
Sep 20, 2012
Sold by
Kannan Smitha
Bought by
Janardanan Venkatesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,017
Outstanding Balance
$122,773
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$429,068

Purchase Details

Closed on
Apr 28, 2009
Sold by
Janardanan Venkatesh
Bought by
Janardanan Venkatesh and Kannan Smitha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,049
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2009
Sold by
Kannan Smitha
Bought by
Janardanan Venkatesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,049
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2007
Sold by
Bandi Venu
Bought by
Bandi Venu and Bandi Bindu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,300
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2007
Sold by
Richmond American Homes Of Arizona Inc
Bought by
Bandi Venu and Bandi Bindu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,905
Interest Rate
6.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Janardanan Venkatesh -- None Available
Janardanan Venkatesh -- Guaranty Title Agency
Janardanan Venkatesh -- Stewart Title & Trust Of Pho
Janardanan Venkatesh -- Stewart Title & Trust Of Pho
Janardanan Venkatesh $190,500 Stewart Title & Trust Of Pho
Bandi Venu -- Transnation Title Ins Co
Bandi Venu -- Transnation Title Ins Co
Bandi Venu $287,269 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janardanan Venkatesh $178,017
Closed Janardanan Venkatesh $187,049
Previous Owner Bandi Venu $275,300
Previous Owner Bandi Venu $272,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Rented $2,595 0.0% --
07/16/2025 07/16/25 Under Contract -- -- --
05/12/2025 05/12/25 For Rent $2,595 0.0% --
02/03/2024 02/03/24 Rented $2,595 0.0% --
11/16/2023 11/16/23 For Rent $2,595 +67.4% --
10/22/2016 10/22/16 Rented $1,550 -1.6% --
10/21/2016 10/21/16 Under Contract -- -- --
10/12/2016 10/12/16 Price Changed $1,575 -1.3% $1 / Sq Ft
10/07/2016 10/07/16 Price Changed $1,595 -0.2% $1 / Sq Ft
10/01/2016 10/01/16 Price Changed $1,598 -0.1% $1 / Sq Ft
09/21/2016 09/21/16 Price Changed $1,599 -1.6% $1 / Sq Ft
09/06/2016 09/06/16 For Rent $1,625 0.0% --
09/02/2016 09/02/16 Off Market $1,625 -- --
08/29/2016 08/29/16 Price Changed $1,625 -0.6% $1 / Sq Ft
08/24/2016 08/24/16 Price Changed $1,635 -0.3% $1 / Sq Ft
08/17/2016 08/17/16 Price Changed $1,640 -0.6% $1 / Sq Ft
07/18/2016 07/18/16 Price Changed $1,650 -2.9% $1 / Sq Ft
06/25/2016 06/25/16 For Rent $1,699 -- --
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 $2,065 $27,036 -- --
2024 $2,552 $25,748 -- --
2023 $2,552 $39,580 $7,910 $31,670
2022 $2,451 $29,610 $5,920 $23,690
2021 $2,485 $27,470 $5,490 $21,980
2020 $2,521 $26,300 $5,260 $21,040
2019 $2,447 $23,820 $4,760 $19,060
2018 $2,369 $22,430 $4,480 $17,950
2017 $1,939 $21,070 $4,210 $16,860
2016 $1,937 $21,130 $4,220 $16,910
2015 $1,722 $21,150 $4,230 $16,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6865279

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-59-364