NOT LISTED FOR SALE

4348 E Lexington Ave Gilbert, AZ 85234

Val Vista Neighborhood

Estimated Value: $526,963 - $546,000

3 Beds
2.5 Baths
2,195 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $495,000 $226 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,061/month

28 Days on Market

Highlights

  • Granite Countertops
  • Security System Owned
  • Central Air
  • Highland Park Elementary Rated A-
  • Kitchen Island
  • Heating System Uses Natural Gas

About This Home

As of October 2021

This Gilbert two-story home offers a patio, granite countertops, and a two-car garage.

Last Agent to Sell the Property

Andrea Groves

ADG Properties Brokerage Email: homes@opendoor.com License #BR579515000 Listed on: 08/10/2021

Last Buyer's Agent

Lisa Ritchie

Realty ONE Group License #SA639418000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 2006

Lot Details

  • 3,960 Sq Ft Lot
  • Desert faces the front of the property

HOA Fees

  • $112 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,195 Sq Ft Home
  • 2-Story Property
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms

Schools

  • Highland Park Elementary School
  • Highland Jr High Middle School
  • Highland High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Association fees include ground maintenance
  • Morrison Ranch Commu Association, Phone Number (866) 244-2262
  • Built by Ashton Woods Homes
  • Highland Groves At Morrison Ranch Subdivision

Listing and Financial Details

  • Tax Lot 414
  • Assessor Parcel Number 313-12-779

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,820

Year Built

Built in 2006

Lot Details

0

HOA Fees

$112 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: 112.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.09
  • Subdivision Name: HIGHLAND GROVES AT MORRISON RANCH
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 225.51
  • Association Fees:HOA Fee2: 336.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 2195.0
  • Stories: 2
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Desert Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • 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

  • Association Fee: 336.0
  • Association Fee Frequency: Quarterly
  • Association Name: Morrison Ranch Commu
  • Phone: 866-244-2262
  • Association: Yes

Association/Amenities

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

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Highland Park Elementary
  • High School: Highland High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Highland Jr High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3960.0
  • Parcel #: 313-12-779

Building Info

  • Builder Name: Ashton Woods Homes

Tax Info

  • Tax Annual Amount: 1820.0
  • Tax Book Number: 313.00
  • Tax Lot: 414
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 14, 2021
Sold by
Opendoor Property Trust I
Bought by
Zou Jie and Wang Cheng
Seller's Agent
Andrea Groves
ADG Properties
Buyer's Agent
Lisa Ritchie
Realty ONE Group
List Price
$500,000
Sold Price
$495,000
Premium/Discount to List
-$5,000
-1%
Current Estimated Value
$534,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,741
Avg. Annual Appreciation
1.86%
Original Mortgage
$396,000
Outstanding Balance
$361,115
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$173,626

Purchase Details

Closed on
Jul 12, 2021
Sold by
Earhart Zachary
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Nov 15, 2013
Sold by
Earhart Nicole Julia and Earhart Zachary
Bought by
Earhart Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2010
Sold by
Prestige Acquisitions Llc
Bought by
Earhart Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,603
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2010
Sold by
Tobo John and Tobo Yvonne
Bought by
Prestige Acquisitions Llc

Purchase Details

Closed on
May 16, 2007
Sold by
Ashton Woods Arizona Llc
Bought by
Tobo John and Tobo Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,563
Interest Rate
6.25%
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
Zou Jie $495,000 Os National Llc
Opendoor Property Trust I $485,500 Os National Llc
Earhart Zachary -- Sterling Title Agency Llc
Earhart Zachary $165,000 First Arizona Title Agency
Prestige Acquisitions Llc $151,200 Accommodation
Tobo John $306,954 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zou Jie $396,000
Previous Owner Earhart Zachary $180,000
Previous Owner Earhart Zachary $162,603
Previous Owner Tobo John $245,563
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2021 10/14/21 Sold $495,000 -1.0% $226 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $500,000 -- $228 / 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 $1,874 $23,912 -- --
2024 $1,812 $22,773 -- --
2023 $1,812 $37,020 $7,400 $29,620
2022 $1,754 $28,510 $5,700 $22,810
2021 $1,850 $26,930 $5,380 $21,550
2020 $1,820 $25,200 $5,040 $20,160
2019 $1,675 $23,460 $4,690 $18,770
2018 $1,614 $21,780 $4,350 $17,430
2017 $1,559 $20,280 $4,050 $16,230
2016 $1,569 $20,100 $4,020 $16,080
2015 $1,470 $20,370 $4,070 $16,300
Source: Public Records

Agents Affiliated with this Home

  • Andrea Groves

    Seller's Agent in 2021

    Andrea Groves

    ADG Properties

    (602) 291-1866

    33 in this area

    3,331 Total Sales

    Andrea Groves
    Section Image
  • Lisa Ritchie

    Buyer's Agent in 2021

    Lisa Ritchie

    Realty One Group

    (480) 777-4500

    1 in this area

    78 Total Sales

    Lisa Ritchie
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6277332

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-12-779

Arizona Maricopa County Gilbert 85234 Val Vista

4348 E Lexington Ave, 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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