NOT LISTED FOR SALE

4140 E Santa fe Ln Gilbert, AZ 85297

Power Ranch Neighborhood

Estimated Value: $506,726 - $535,000

4 Beds
2.5 Baths
2,163 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $520,000 $240 Per Sq Ft

Current estimated payment $2,966/month

Highlights

  • Solar Power System
  • Community Lake
  • Main Floor Primary Bedroom
  • Centennial Elementary School Rated A
  • Theater or Screening Room
  • Granite Countertops

About This Home

As of August 2023

Well built & ice cold inside, this house is entirely move in ready! Solar was installed in '21 and completely paid off so get ready to set that thermostat to cold and save! This gorgeous home was updated in '20 with new flooring throughout the first and second floor with thick, designer, granite counter tops in the kitchen. All new stainless steel kitchen appliances in '19 along with recently installed new toilets and window treatments. The owner took great pride in the custom updates throughout including tall baseboards and crown molding. Located in the award winning community of Power Ranch, you may come and never leave. With endless greenbelts and parks, sports courts & fields, 5 pools + a splash pad, over 26 miles of run/ride trails, 2 ponds, and community events, this is truly home.

Last Agent to Sell the Property

Scott Cook

RE/MAX Solutions License #BR564464000 Listed on: 07/24/2023

RE/MAX Solutions

Last Buyer's Agent

Puneet Chawla

Better Homes & Gardens Real Estate SJ Fowler License #SA664712000

Better Homes & Gardens Real Estate SJ Fowler

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,688

Year Built

  • Built in 2007

Lot Details

  • 4,361 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $104 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,163 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Schools

  • Centennial Elementary School
  • Sossaman Middle School
  • Higley High School

Utilities

  • Zoned Heating and Cooling System
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Solar Power System
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 313-06-603

Community Details

Overview

  • Association fees include ground maintenance
  • Power Ranch Association, Phone Number (480) 988-0960
  • Built by K Hovnanian
  • Power Ranch Neighborhood 7 Phase 4 Subdivision
  • Community Lake

Amenities

  • Theater or Screening Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Playground
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,688

Year Built

Built in 2007

Lot Details

0

HOA Fees

$104 per month

Parking

2

Listing Details

  • Cross Street: Higley & Pecos
  • 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: 104.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2020
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2020
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2020
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2007
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: POWER RANCH NEIGHBORHOOD 7 PHASE 4
  • Efficiency: Solar Panels, Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 240.41
  • Association Fees:HOA Fee2: 312.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop, Water Purifier
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 2163.0
  • Stories: 2
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Pickleball Court(s): Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Community Media Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: 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

  • Community Features: Pickleball, Lake, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Community Media Room, Tennis Court(s), Playground, Biking/Walking Path
  • Association Fee: 312.0
  • Association Fee Frequency: Quarterly
  • Association Name: Power Ranch
  • Phone: 480-988-0960
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Power Ranch
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 2500.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 312.0
  • Association Fees:Disclosure Fees HOA: 382.0
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Centennial Elementary School
  • High School: Higley High School
  • Middle Or Junior School: Sossaman Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4361.0
  • Parcel #: 313-06-603

Building Info

  • Builder Name: K Hovnanian

Tax Info

  • Tax Annual Amount: 1688.0
  • Tax Book Number: 313.00
  • Tax Lot: 145
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Aug 28, 2023
Sold by
Ferraro Rachel A
Bought by
Singh Arashdip and Kaur Sarabjit
Seller's Agent
Scott Cook
RE/MAX Solutions
Buyer's Agent
Puneet Chawla
Better Homes & Gardens Real Estate SJ Fowler
List Price
$500,000
Sold Price
$520,000
Premium/Discount to List
$20,000
4%
Views
179
Current Estimated Value
$520,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182
Avg. Annual Appreciation
0.02%
Original Mortgage
$416,000
Outstanding Balance
$407,177
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$113,005

Purchase Details

Closed on
Dec 31, 2007
Sold by
K Hovnanian Great Western Homes Llc
Bought by
Ferraro Rachel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,842
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2006
Sold by
Highland Ranch Construction Co Llc
Bought by
K Hovnanian Great Western Homes Llc
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
Singh Arashdip $520,000 Clear Title Agency Of Arizona
Ferraro Rachel A $243,158 Lawyers Title Insurance Corp
K Hovnanian Great Western Homes Llc $114,931 Lawyers Title Insurance Corp
K Hovnanian Great Western Homes Llc $295,680 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Arashdip $416,000
Previous Owner Ferraro Rachel A $218,842
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $520,000 +4.0% $240 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $500,000 -- $231 / 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 $1,648 $22,257 -- --
2024 $1,767 $21,197 -- --
2023 $1,767 $37,720 $7,540 $30,180
2022 $1,688 $27,880 $5,570 $22,310
2021 $1,740 $25,150 $5,030 $20,120
2020 $1,773 $23,730 $4,740 $18,990
2019 $1,717 $21,800 $4,360 $17,440
2018 $1,656 $20,110 $4,020 $16,090
2017 $1,596 $19,280 $3,850 $15,430
2016 $1,594 $18,800 $3,760 $15,040
2015 $1,417 $18,170 $3,630 $14,540
Source: Public Records

Agents Affiliated with this Home

  • Scott Cook

    Seller's Agent in 2023

    Scott Cook

    RE/MAX

    (480) 993-9317

    17 in this area

    165 Total Sales

    Scott Cook
    Section Image
  • Puneet Chawla

    Buyer's Agent in 2023

    Puneet Chawla

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 327-8427

    1 in this area

    38 Total Sales

    Puneet Chawla
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6583870

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-06-603

Arizona Maricopa County Gilbert 85297 Power Ranch

4140 E Santa fe Ln, 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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