NOT LISTED FOR SALE

4278 E Rainbow Dr Gilbert, AZ 85297

Power Ranch Neighborhood

Estimated Value: $636,000 - $668,000

4 Beds
3.5 Baths
2,900 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $480,000 $166 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,626/month

2 Days on Market

Highlights

  • 0.17 Acre Lot
  • Theater or Screening Room
  • Wood Flooring
  • Power Ranch Elementary School Rated A-
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of November 2020

Beautiful updated home in the extremely sought after Power Ranch neighborhood. Grand entry with space to entertain inside and out. The large kitchen has an island, plenty of storage and natural light. Downstairs bedroom with en suite bathroom great for guests or as a home office. Upstairs is an open loft and generous sized bedrooms. French doors lead to the master suite with separate walk-in closets and his/her sinks in a spacious bathroom. The backyard boasts a gorgeous travertine patio with custom Alumawood pergola and room to play. Agriscaped garden provides elegant, edible landscaping with stunning wall garden and prepped soil for you to continue planting and growing your own fresh produce. Winter rye grass will be ready for you to enjoy at move-in. New upgraded AC units 6/2020. Do not miss out on this opportunity!

Last Agent to Sell the Property

Jessica Kirkland

My Home Group Real Estate License #SA685559000 Listed on: 10/01/2020

My Home Group Real Estate

Co-Listed By

Peter Kamboukos

eXp Realty License #BR552499000

Last Buyer's Agent

Russell Mills

Close Pros License #SA577462000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,440

Year Built

  • Built in 2003

Lot Details

  • 7,475 Sq Ft Lot
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens

Kitchen

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

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Covered Patio or Porch

Schools

  • Power Ranch Elementary School
  • Sossaman Middle School
  • Higley High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 02S
  • Assessor Parcel Number 313-01-840

Community Details

Overview

  • Association fees include (see remarks)
  • Power Ranch Association
  • Built by Standard Pacific
  • Power Ranch Subdivision

Amenities

  • Theater or Screening Room
  • Recreation Room

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,440

Year Built

Built in 2003

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • 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
  • Cooling HVAC SEER Rating: 16
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2014
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2020
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2020
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2003
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: xpre18
  • Co List Office Phone: 480-722-9800
  • Subdivision Name: Power Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 165.51
  • Association Fees:HOA Fee2: 249.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Double Vanity, Other, See Remarks, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2900.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: 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
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Community Media Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:See Remarks2: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Grass Back
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Other7: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Community Pool Htd, Community Pool, Community Media Room, Tennis Court(s), Playground, Biking/Walking Path
  • Association Fee: 249.0
  • Association Fee Frequency: Quarterly
  • Association Name: Power Ranch
  • Phone: 111-111-1111
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 382.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Power Ranch
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Other (See Remarks)

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7475.0
  • Parcel #: 313-01-840

Building Info

  • Builder Name: Standard Pacific

Tax Info

  • Tax Annual Amount: 2440.0
  • Tax Book Number: 313.00
  • Tax Lot: 02S
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Oct 30, 2020
Sold by
Kirkland Alexander and Kirkland Jessica
Bought by
Procter Jason J and Procter Nichole C
Seller's Agent
Jessica Kirkland
My Home Group Real Estate
Buyer's Agent
Russell Mills
Close Pros
List Price
$465,000
Sold Price
$480,000
Premium/Discount to List
$15,000
3.23%
Current Estimated Value
$640,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,073
Avg. Annual Appreciation
5.99%
Original Mortgage
$384,000
Outstanding Balance
$341,705
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$306,454

Purchase Details

Closed on
Feb 24, 2020
Sold by
Kirkland Jessica A
Bought by
Kirkland Jessica A and Kirkland Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2013
Closed on
May 23, 2014
Sold by
Kirkland Alex
Bought by
Kirkland Jessica A
Seller's Agent
Claudiu Barbos
HomeSmart
Buyer's Agent
Matthew Potter
Real Broker
List Price
$365,000
Sold Price
$290,000
Premium/Discount to List
-$75,000
-20.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$261,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 4, 2013
Closed on
May 22, 2014
Sold by
Chavez Jose M and Chavez Carolyn M
Bought by
Kirkland Jessica A
Seller's Agent
Claudiu Barbos
HomeSmart
Buyer's Agent
Matthew Potter
Real Broker
List Price
$365,000
Sold Price
$290,000
Premium/Discount to List
-$75,000
-20.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2006
Sold by
Chavez Carolyn M and Chavez Jose M
Bought by
Chavez Jose M and Chavez Carolyn M

Purchase Details

Closed on
Sep 22, 2003
Sold by
First American Title Insurance Co
Bought by
Brisar Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,888
Interest Rate
5%
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
Procter Jason J $480,000 Security Title Agency
Kirkland Jessica A -- Security Title Agency Inc
Kirkland Jessica A -- Driggs Title Agency Inc
Kirkland Jessica A $290,000 Driggs Title Agency Inc
Chavez Jose M -- First American Title Ins Co
Brisar Carolyn M $226,110 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Procter Jason J $384,000
Previous Owner Kirkland Jessica A $229,000
Previous Owner Kirkland Jessica A $261,000
Previous Owner Kirkland Jessica A $261,000
Previous Owner Brisar Carolyn M $180,888
Closed Brisar Carolyn M $33,916
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2020 11/03/20 Sold $480,000 +3.2% $166 / Sq Ft
10/01/2020 10/01/20 For Sale $465,000 +60.3% $160 / Sq Ft
05/30/2014 05/30/14 Sold $290,000 -3.3% $100 / Sq Ft View Prior Sale
05/01/2014 05/01/14 Pending -- -- --
01/05/2014 01/05/14 Price Changed $299,900 -3.3% $103 / Sq Ft
10/25/2013 10/25/13 Price Changed $310,000 -3.1% $107 / Sq Ft
09/29/2013 09/29/13 Price Changed $319,900 -4.5% $110 / Sq Ft
09/05/2013 09/05/13 Price Changed $334,900 -4.3% $115 / Sq Ft
08/22/2013 08/22/13 Price Changed $349,900 -4.1% $121 / Sq Ft
08/04/2013 08/04/13 For Sale $365,000 -- $126 / 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 $2,268 $30,629 -- --
2024 $2,432 $29,170 -- --
2023 $2,432 $46,460 $9,290 $37,170
2022 $2,323 $35,970 $7,190 $28,780
2021 $2,394 $32,850 $6,570 $26,280
2020 $2,440 $31,170 $6,230 $24,940
2019 $2,363 $27,700 $5,540 $22,160
2018 $2,279 $26,400 $5,280 $21,120
2017 $2,197 $25,600 $5,120 $20,480
2016 $2,194 $24,770 $4,950 $19,820
2015 $1,950 $23,860 $4,770 $19,090
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jessica Kirkland

    My Home Group

    (480) 505-4646

    6 Total Sales

    Jessica Kirkland
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Peter Kamboukos

    eXp Realty

  • Russell Mills

    Buyer's Agent in 2020

    Russell Mills

    Close Pros

    (480) 205-9855

    3 in this area

    257 Total Sales

    Russell Mills
    Section Image

  • C

    Seller's Agent in 2014

    Claudiu Barbos

    HomeSmart

    (480) 443-7400

    2 Total Sales

    Claudiu Barbos
    Section Image
  • Matthew Potter

    Buyer's Agent in 2014

    Matthew Potter

    Real Broker

    (480) 343-7894

    2 in this area

    643 Total Sales

    Matthew Potter
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6140280

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-01-840

Arizona Maricopa County Gilbert 85297 Power Ranch

4278 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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