NOT LISTED FOR SALE

4218 E Rainbow Dr Gilbert, AZ 85297

Power Ranch Neighborhood

Estimated Value: $518,855 - $542,000

4 Beds
2 Baths
2,052 Sq Ft
$260/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $366,500 $179 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,045/month

4 Days on Market

Highlights

  • 0.16 Acre Lot
  • Community Lake
  • Tennis Courts
  • Power Ranch Elementary School Rated A-
  • Community Pool
  • Security System Owned

About This Home

As of August 2020

This Gilbert one-story home offers stainless steel appliances, a patio, and a two-car garage. This home is vacant and cleaned regularly.

Last Agent to Sell the Property

Lisa Soltesz

Opendoor Brokerage, LLC Brokerage Email: homes@opendoor.com License #BR529689000 Listed on: 07/13/2020

Last Buyer's Agent

Sixto Aspeitia

eXp Realty License #SA628937000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,884

Year Built

  • Built in 2003

Lot Details

  • 7,068 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,052 Sq Ft Home
  • 1-Story Property
  • Security System Owned
  • Built-In Microwave
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Power Ranch Elementary
  • Higley High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 300
  • Assessor Parcel Number 313-01-863

Community Details

Overview

  • Association fees include ground maintenance
  • Power Ranch Community Association, Phone Number (480) 921-7500
  • Built by Standard Pacific
  • Power Ranch Neighborhood 4 Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,884

Year Built

Built in 2003

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • 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: 83.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2003
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: POWER RANCH NEIGHBORHOOD 4
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 178.61
  • Association Fees:HOA Fee2: 249.0
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Linoleum, Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Pantry, 3/4 Bath Master Bdrm
  • Living Area: 2052.0
  • Stories: 1
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front, Gravel/Stone Front, Grass Back
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Spa, Community Pool, Tennis Court(s), Playground, Biking/Walking Path
  • Association Fee: 249.0
  • Association Fee Frequency: Quarterly
  • Association Name: Power Ranch Community Association
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Power Ranch Community Association
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1000.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Power Ranch Elementary
  • High School: Higley High School
  • Middle Or Junior School: Power Ranch Elementary

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7068.0
  • Parcel #: 313-01-863

Building Info

  • Builder Name: Standard Pacific

Tax Info

  • Tax Annual Amount: 1884.0
  • Tax Book Number: 313.00
  • Tax Lot: 300
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 3, 2020
Sold by
Open Property Trust I
Bought by
Ih6 Property Phoenix Lp
Seller's Agent
Lisa Soltesz
Opendoor Brokerage, LLC
Buyer's Agent
Sixto Aspeitia
eXp Realty
List Price
$368,000
Sold Price
$366,500
Premium/Discount to List
-$1,500
-0.41%
Current Estimated Value
$533,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,964
Avg. Annual Appreciation
7.23%

Purchase Details

Listed on
Jul 13, 2020
Closed on
Jul 1, 2020
Sold by
May Phillip E and May Nenita C
Bought by
Opendoor Property Trust I
Seller's Agent
Lisa Soltesz
Opendoor Brokerage, LLC
Buyer's Agent
Sixto Aspeitia
eXp Realty
List Price
$368,000
Sold Price
$366,500
Premium/Discount to List
-$1,500
-0.41%

Purchase Details

Closed on
Nov 22, 2011
Sold by
May Phillip and May Philip
Bought by
May Phillip E and May Nenita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,149
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2005
Sold by
May Nenita
Bought by
May Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2005
Sold by
Rosenwig Michael and Rosenwig Ester
Bought by
May Philip and May Nenita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2003
Sold by
First American Title Insurance Co
Bought by
Rosenzwig Michael and Rosenzwig Ester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,289
Interest Rate
5.79%
Mortgage Type
New Conventional
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
Ih6 Property Phoenix Lp $366,500 Fidelity Natl Ttl Agcy Inc
Opendoor Property Trust I $320,600 Os National Llc
May Phillip E -- Stewart Title & Trust Of Pho
May Philip -- Security Title Agency Inc
May Philip $280,000 Security Title Agency Inc
Rosenzwig Michael $166,357 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner May Phillip E $106,149
Previous Owner May Philip $224,000
Previous Owner Rosenzwig Michael $117,289
Closed May Philip $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2020 08/06/20 Sold $366,500 -0.4% $179 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $368,000 -- $179 / 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 $2,001 $24,420 -- --
2024 $2,305 $23,257 -- --
2023 $2,305 $40,170 $8,030 $32,140
2022 $2,214 $29,670 $5,930 $23,740
2021 $2,244 $27,010 $5,400 $21,610
2020 $1,946 $25,880 $5,170 $20,710
2019 $1,884 $23,250 $4,650 $18,600
2018 $1,817 $22,050 $4,410 $17,640
2017 $1,752 $21,000 $4,200 $16,800
2016 $1,750 $20,050 $4,010 $16,040
2015 $1,555 $18,960 $3,790 $15,170
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lisa Soltesz

    Opendoor Brokerage, LLC

    Lisa Soltesz
    Section Image

  • S

    Buyer's Agent in 2020

    Sixto Aspeitia

    eXp Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6102576

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-01-863

Arizona Maricopa County Gilbert 85297 Power Ranch

4218 E Rainbow Dr, 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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