NOT LISTED FOR SALE

406 E Bruce Ave Unit C Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $249,614 - $258,000

2 Beds
2 Baths
813 Sq Ft
$313/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $207,500 $255 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,488/month

65 Days on Market

Highlights

  • Patio
  • No Interior Steps
  • Central Air
  • Burk Elementary School Rated A-
  • Tile Flooring
  • 3-minute walk to John Allen Park

About This Home

As of January 2021

Welcome to Meadowbrook Village! Located within walking distance of the highly sought after downtown Gilbert, Heritage District. Close to local shopping and a variety of restaurants. Charming single level Townhouse located next to greenbelt, Arizona room & new carpeting. Dining area w/built-in serving counter. Inside laundry. 2 generous sized bedrooms, ample closets & 2 baths. Covered patio for entertaining & BBQing. One assigned covered parking space.

Last Agent to Sell the Property

Shanna Day

Keller Williams Realty East Valley License #SA629265000 Listed on: 10/01/2020

Co-Listed By

David Cline

Keller Williams Integrity First License #SA633307000

Last Buyer's Agent

David Bradshaw

Call Realty, Inc. License #SA506233000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $464

Year Built

  • Built in 1985

Lot Details

  • 811

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 813 Sq Ft Home
  • 1-Story Property
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

  • Gilbert Elementary School
  • Gilbert Junior High School
  • Gilbert High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio
  • 811 Sq Ft Lot

Community Details

  • Association fees include sewer, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • Meadowbrook Village Association, Phone Number (602) 943-2384
  • Meadowbrook Village Amd Subdivision

Listing and Financial Details

  • Tax Lot 21C
  • Assessor Parcel Number 304-12-476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$464

Year Built

Built in 1985

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Cross Street: Gilbert & Elliot
  • 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: 120.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2020
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Tax Year: 2019
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: kwevt01
  • Co List Office Phone: 480-839-6600
  • Subdivision Name: MEADOWBROOK VILLAGE AMD
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 255.22
  • Association Fees:HOA Fee2: 120.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, No Interior Steps, 3/4 Bath Master Bdrm
  • Living Area: 813.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Gravel/Stone Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 120.0
  • Association Fee Frequency: Monthly
  • Association Name: Meadowbrook Village
  • Phone: 602-943-2384
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Meadowbrook Village
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Sewer, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Gilbert Elementary School
  • High School: Gilbert High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Gilbert Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 811.0
  • Parcel #: 304-12-476

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 464.0
  • Tax Book Number: 304.00
  • Tax Lot: 21C
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Jan 6, 2021
Sold by
Tmk3 Properties Llc
Bought by
Farlow Ronald Cecil
Seller's Agent
Shanna Day
Keller Williams Realty East Valley
Buyer's Agent
David Bradshaw
Call Realty, Inc.
List Price
$215,000
Sold Price
$207,500
Premium/Discount to List
-$7,500
-3.49%
Current Estimated Value
$254,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,654
Avg. Annual Appreciation
4.17%
Original Mortgage
$166,000
Outstanding Balance
$148,130
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$106,024

Purchase Details

Closed on
Jun 6, 2019
Sold by
Tmk Properties Llc
Bought by
Tmk3 Properties Llc

Purchase Details

Closed on
Apr 29, 2013
Sold by
Brewer & Stratton Property Management Ll
Bought by
Tmk Properties Llc

Purchase Details

Closed on
Apr 15, 2013
Sold by
Smith Deborah A
Bought by
Brewer & Stratton Property Management Ll

Purchase Details

Closed on
Mar 17, 1997
Sold by
Smith Donald R and Smith Shirley A
Bought by
Smith Deborah A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Farlow Ronald Cecil $207,500 United Title Agency
Tmk3 Properties Llc -- None Available
Tmk Properties Llc -- Magnus Title Agency
Brewer & Stratton Property Management Ll $71,142 Magnus Title Agency
Smith Deborah A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farlow Ronald Cecil $166,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2021 01/12/21 Sold $207,500 -3.5% $255 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $215,000 +3.6% $264 / Sq Ft
10/22/2020 10/22/20 Off Market $207,500 -- --
10/01/2020 10/01/20 For Sale $215,000 -- $264 / 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 $431 $5,730 -- --
2024 $418 $5,457 -- --
2023 $418 $17,960 $3,590 $14,370
2022 $405 $14,250 $2,850 $11,400
2021 $428 $12,230 $2,440 $9,790
2020 $499 $8,770 $1,750 $7,020
2019 $464 $7,960 $1,590 $6,370
2018 $451 $7,270 $1,450 $5,820
2017 $436 $6,810 $1,360 $5,450
2016 $447 $6,220 $1,240 $4,980
2015 $408 $5,500 $1,100 $4,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shanna Day

    Keller Williams Realty East Valley

  • D

    Seller Co-Listing Agent in 2021

    David Cline

    Keller Williams Integrity First

    (480) 241-7141

    1 in this area

    134 Total Sales

    David Cline
    Section Image

  • D

    Buyer's Agent in 2021

    David Bradshaw

    Call Realty, Inc.

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6140405

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-12-476

Arizona Maricopa County Gilbert 85234 Heritage District

406 E Bruce Ave Unit C, Gilbert, AZ

Not Listed for Sale

MultiFamily

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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