NOT LISTED FOR SALE

406 E Bruce Ave Unit D Gilbert, AZ 85234

Downtown Gilbert Neighborhood

Estimated Value: $232,000 - $262,000

2 Beds
2 Baths
813 Sq Ft
$307/Sq Ft Est. Value

Last Sold August 25, 2014

Last sale price $83,000 $102 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $1,518/month

52 Days on Market

Highlights

  • Vaulted Ceiling
  • Screened Patio
  • Tile Flooring
  • Burk Elementary School Rated A-
  • Breakfast Bar
  • 3-minute walk to John Allen Park

About This Home

As of August 2014

This 2 bedroom, 2 bathroom home has a prime location just moments from downtown Gilbert. The home stands alone and shares no common walls! 2nd bath shower recently tiled. Also features an enclosed Arizona room. Great investment opportunity! Based on the current owner occupancy ratio, this will need to be a cash or possibly a min 20% investment loan.

Last Agent to Sell the Property

Jennifer Lyons

HomeSmart License #SA648267000 Listed on: 06/19/2014

HomeSmart

Co-Listed By

Shamile Botzman

Cluff Real Estate LLC License #SA633919000

Last Buyer's Agent

Kevin Weil

RE/MAX Excalibur License #SA502994000

RE/MAX Excalibur

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $323

Year Built

  • Built in 1985

Lot Details

  • 813 Sq Ft Lot
  • Grass Covered Lot

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 813 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Breakfast Bar
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Outdoor Features

  • Screened Patio

Schools

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

Utilities

  • Central Air
  • Heating Available

Community Details

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

Listing and Financial Details

  • Tax Lot 21D
  • Assessor Parcel Number 304-12-477

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$323

Year Built

Built in 1985

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Cross Street: Elliott/Gilbert Rd
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 120.0
  • Basement: N
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2007
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2007
  • Parking Spaces Slab Parking Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: East on Elliott, North on Burk, East on Bruce and home will be to the left.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: cril11
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: Meadowbrook Village
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 120.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, Vaulted Ceiling(s), Full Bth Master Bdrm
  • Living Area: 813.0
  • Stories: 1
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Screened in Patio(s)
  • Lot Features: Grass Front, Grass Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Screened in Patio(s): Yes

Garage/Parking

  • Open Parking Spaces: 1.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • 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 Villages
  • 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 Villages
  • Association Fees:HOA Telephone4: 6029432384
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: 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, Front Yard Maint, Trash, Water, 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: 813.0
  • Parcel #: 304-12-477

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 323.0
  • Tax Book Number: 304.00
  • Tax Lot: 21D
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Rickenbach Bradley and Rickenbach Megan
Bought by
Breg Trust
Current Estimated Value
$249,390

Purchase Details

Listed on
Jun 19, 2014
Closed on
Aug 22, 2014
Sold by
Bell Robert E and Bell Juliet M
Bought by
Rickenbach Bradley and Bergeson Megan
Seller's Agent
Jennifer Lyons
HomeSmart
Buyer's Agent
Kevin Weil
RE/MAX Excalibur
List Price
$87,500
Sold Price
$83,000
Premium/Discount to List
-$4,500
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%

Purchase Details

Closed on
Mar 24, 2005
Sold by
Bell Robert E and Bell Juliet M
Bought by
Bell Robert E and Bell Juliet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2002
Sold by
Bell Robert E and Bell Juliet M
Bought by
Bell Robert E and Bell Juliet M

Purchase Details

Closed on
Jan 29, 2001
Sold by
Qureshi Mazher P and Reeves Antonia O
Bought by
Bell Robert E and Bell Juliet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
7.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Breg Trust -- None Listed On Document
Rickenbach Bradley $83,000 Chicago Title Agency Inc
Bell Robert E -- Transnation Title
Bell Robert E -- --
Bell Robert E $63,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bell Robert E $68,000
Previous Owner Bell Robert E $38,000
Previous Owner Qureshi Mazher P $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2014 08/25/14 Sold $83,000 -5.1% $102 / Sq Ft
06/19/2014 06/19/14 For Sale $87,500 -- $108 / 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 $501 $5,730 -- --
2024 $504 $5,457 -- --
2023 $504 $17,960 $3,590 $14,370
2022 $490 $14,250 $2,850 $11,400
2021 $507 $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

  • J

    Seller's Agent in 2014

    Jennifer Lyons

    HomeSmart

    (480) 329-8717

    3 Total Sales

    Jennifer Lyons
    Section Image

  • S

    Seller Co-Listing Agent in 2014

    Shamile Botzman

    Cluff Real Estate LLC

  • Kevin Weil

    Buyer's Agent in 2014

    Kevin Weil

    RE/MAX

    (602) 793-7492

    2 in this area

    143 Total Sales

    Kevin Weil
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5133020

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-12-477

Arizona Maricopa County Gilbert 85234 Downtown Gilbert

406 E Bruce Ave Unit D, Gilbert, AZ

This home is located at 406 E Bruce Ave Unit D, Gilbert, AZ 85234 since 19 June 2014 and is currently estimated at $249,390, approximately $306 per square foot. This property was built in 1985. 406 E Bruce Ave Unit D is a home located in Maricopa County with nearby schools including Burk Elementary School, Mesquite Junior High School, and Gilbert Arts Academy.

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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