NOT LISTED FOR SALE

406 E Washington Ave Unit C Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $256,000 - $297,000

2 Beds
2 Baths
813 Sq Ft
$336/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2025

Last sale price $275,000 $338 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,759 / mo

26 Days on Market

Highlights

  • Vaulted Ceiling
  • Great Room
  • Outdoor Storage
  • Burk Elementary School Rated A-
  • Tile Flooring
  • 1-minute walk to John Allen Park

About This Home

As of May 2025

Modern Comfort & Investment Opportunity in Downtown Gilbert! This charming 2-beds, 2-baths home offers a versatile bonus room/den w/ its own exterior entrance—perfect for a home office, guest space or creative studio. Stylish white shaker soft-close cabinets, sleek vinyl plank flooring & updated bathrooms enhance the inviting interior. ALL appliances are BRAND NEW as of 2023, ensuring efficiency & convenience. Located in the heart of downtown Gilbert, this property provides unbeatable walkability to top-rated dining, shopping & entertainment w/ easy access to 202/60 freeways & Mesa Gateway Airport. Whether you're looking for a turnkey home or a prime investment opportunity, this property delivers! Currently tenant-occupied, it offers immediate rental income potential for investors. Don't miss this rare chance to own a stylish, income-generating home in one of Gilbert's most sought-after locations!

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 03/05/2025

My Home Group Real Estate

Co-Listed By

Kimberly Harpster

My Home Group Real Estate License #SA675199000

Last Buyer's Agent

Martin Grodzki

EveryPlace License #SA696947000

EveryPlace

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $386

Year Built

  • Built in 1982

Lot Details

  • 928

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 813 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Great Room
  • Combination Dining and Living Room
  • Washer Hookup

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Floors Updated in 2023
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Updated in 2023

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

  • Burk Elementary School
  • Gilbert High Middle School
  • Gilbert High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet

Additional Features

  • Outdoor Storage
  • 928 Sq Ft Lot

Community Details

  • Association fees include ground maintenance
  • Desert Vista Comm Association, Phone Number (480) 573-8999
  • Meadowbrook Village Subdivision

Listing and Financial Details

  • Tax Lot 7B
  • Assessor Parcel Number 304-12-420

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$386

Year Built

Built in 1982

Lot Details

928 Sq Ft Lot

HOA Fees

$250 per month

Listing Details

  • Cross Street: Gilbert & Elliot
  • Property Type: Residential
  • Ownership: Condominium
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 250.0
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2023
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2023
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1982
  • Tax Year: 2023
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: myhg02
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: MEADOWBROOK VILLAGE
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 338.25
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Central Air
  • Other Rooms:Other Rooms: Great Room
  • Technology:Technology: High Speed Internet
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: 3/4 Bath Master Bdrm, High Speed Internet, Vaulted Ceiling(s)
  • Living Area: 813.0
  • Stories: 1
  • Dining Area:Dining Area: Dining in LR/GR
  • Interior Features:Interior Features: Vaulted Ceiling(s)
  • Kitchen Features:Kitchen Features: Dishwasher, Disposal, Refrigerator
  • Laundry:Laundry: Washer Hookup
  • Master Bathroom:Master Bathroom: 3/4 Bath Master Bdrm

Exterior Features

  • Fencing: None
  • Exterior Features: Storage
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Common Walls: All on One Level
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up, Tile
  • General Property Description:Community Pool YN2: No
  • General Property Description:Private Pool YN2: No

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Utilities:Utilities: APS

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Association Name: Meadowbrook Village
  • Phone: (602) 943-2384
  • Association: Yes

Association/Amenities

  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 500.0
  • Association Fees:Disclosure Fees HOA: 463.0
  • Association Fees:Other Fees HOA: 37.0
  • Association Fees:Other Fees Description: Processing Fee
  • Association Fees:HOA Management Company: Desert Vista Comm
  • Association Fees:HOA Management Phone: (480) 573-8999

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 928.0
  • Parcel #: 304-12-420

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 386.0
  • Tax Book Number: 304.0
  • Tax Lot: 7B
  • Tax Map Number: 12.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
May 22, 2025
Sold by
Bought by
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Martin Grodzki
EveryPlace
List Price
$275,000
Sold Price
$275,000
Views
119
Current Estimated Value
$273,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,735
Avg. Annual Appreciation
-0.58%
Original Mortgage
$220,000
Outstanding Balance
$217,491
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$55,774

Purchase Details

Listed on
Jul 11, 2022
Closed on
Dec 14, 2022
Sold by
Bought by
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Kimberly Harpster
My Home Group Real Estate
List Price
$260,000
Sold Price
$208,000
Premium/Discount to List
-$52,000
-20%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.97%
Original Mortgage
$197,600
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2022
Closed on
Dec 7, 2022
Sold by
Bought by
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Kimberly Harpster
My Home Group Real Estate
List Price
$260,000
Sold Price
$208,000
Premium/Discount to List
-$52,000
-20%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1994
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Navi Title Agency
$208,000 Arizona Title
$208,000 Arizona Title
$36,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $220,000
Previous Owner $197,600
Previous Owner $197,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2025 05/30/25 Sold $275,000 0.0% $338 / Sq Ft
03/05/2025 03/05/25 For Sale $275,000 +32.2% $338 / Sq Ft
12/09/2022 12/09/22 Sold $208,000 -15.1% $227 / Sq Ft View Prior Sale
10/13/2022 10/13/22 Pending -- -- --
10/02/2022 10/02/22 Price Changed $244,900 -5.8% $268 / Sq Ft
09/26/2022 09/26/22 For Sale $260,000 0.0% $284 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $260,000 +25.0% $284 / Sq Ft
07/28/2022 07/28/22 Off Market $208,000 -- --
07/13/2022 07/13/22 Pending -- -- --
07/10/2022 07/10/22 For Sale $250,000 -- $273 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $399 $5,302 -- --
2024 $386 $5,050 -- --
2023 $386 $17,530 $3,500 $14,030
2022 $453 $13,510 $2,700 $10,810
2021 $469 $11,500 $2,300 $9,200
2020 $462 $8,230 $1,640 $6,590
2019 $429 $7,520 $1,500 $6,020
2018 $417 $6,820 $1,360 $5,460
2017 $404 $6,350 $1,270 $5,080
2016 $414 $5,860 $1,170 $4,690
2015 $377 $5,330 $1,060 $4,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6830622

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-12-420

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