NOT LISTED FOR SALE

4381 S Summit St Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $693,000 - $720,000

4 Beds
2.5 Baths
2,320 Sq Ft
$304/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $499,000 $215 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,994/month

13 Days on Market

Highlights

  • Play Pool
  • RV Gated
  • Corner Lot
  • Weinberg Gifted Academy Rated A+
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of August 2020

This is it!!! In the heart of Gilbert, minutes from San Tan Village, Mercy Hospital, Santan Loop 202, restaurants, shopping, entertainment and so much more, this is a homeowners dream! Amazing split floorplan that is on a corner, oversized lot with no neighbors directly behind. Experience for yourself the large open space of the family room and kitchen joined together to create a fantastic space for family time or entertaining. The kitchen has a wonderful bar sitting area, new stainless steel appliances, double ovens, white cabinets, kitchen island, large pantry with custom barn wood doors, and breakfast nook. The home features 4 bedrooms, 2.5 bathrooms, split 3 car garage..... Beautiful plantation shutters throughout, security door, 10 foot high ceilings, 8 foot doors, 6 inch baseboards and 1-YEAR OLD TRANE AC UNIT and NEW WATER HEATER! The master bedroom and bathroom are the perfect escape from a long hard day at work. Step out into the backyard to the refreshing/blue water pool with extended patio for those warm summer days or of cozy winter nights. Easy to maintain artificial turf and beautiful travertine tiles. Over 30k in recent upgrades in the backyard alone! This is an entertainers dream! Come and enjoy your next home!

Last Agent to Sell the Property

Jamie Bowcut

Elite Partners License #SA674290000 Listed on: 07/21/2020

Co-Listed By

Chris Allen

Elite Partners License #BR506579000

Last Buyer's Agent

Jason Williams

HomeSmart License #SA643637000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,627

Year Built

  • Built in 2004

Lot Details

  • 10,463 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Artificial Turf
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,320 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Play Pool
  • Covered Patio or Porch

Schools

  • Weinberg Elementary School
  • Willie & Coy Payne Jr. High Middle School
  • Basha High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Purifier
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 148
  • Assessor Parcel Number 304-57-162

Community Details

Overview

  • Association fees include ground maintenance
  • Aam Llc Association, Phone Number (602) 957-9191
  • Built by Element Homes
  • Estates At The Spectrum Subdivision

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,627

Year Built

Built in 2004

Lot Details

0

HOA Fees

$70 per month

Parking

3

Listing Details

  • Cross Street: Val Vista and Germann
  • 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: 70.0
  • Basement: N
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2019
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2004
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.24
  • Co List Office Mls Id: hagu01
  • Co List Office Phone: 480-998-0110
  • Subdivision Name: ESTATES AT THE SPECTRUM
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 215.08
  • Association Fees:HOA Fee2: 210.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop, Water Purifier
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2320.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Multiple Ovens: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front, Gravel/Stone Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Association Fee: 210.0
  • Association Fee Frequency: Quarterly
  • Association Name: Estates at Spectrum
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Estates at Spectrum
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM LLC

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Weinberg Elementary School
  • High School: Basha High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willie & Coy Payne Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10463.0
  • Parcel #: 304-57-162

Building Info

  • Builder Name: Element Homes

Tax Info

  • Tax Annual Amount: 2627.0
  • Tax Book Number: 304.00
  • Tax Lot: 148
  • Tax Map Number: 57.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Aug 25, 2020
Sold by
Porras John M and Porras Lori A
Bought by
Smith Rick and Smith Sharon M
Seller's Agent
Jamie Bowcut
Elite Partners
Buyer's Agent
Jason Williams
HomeSmart
List Price
$489,000
Sold Price
$499,000
Premium/Discount to List
$10,000
2.04%
Current Estimated Value
$706,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,175
Avg. Annual Appreciation
6.75%
Original Mortgage
$125,000
Outstanding Balance
$110,929
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$595,246

Purchase Details

Closed on
Aug 14, 2007
Sold by
Everett Charles K and Everett Annette M
Bought by
Porras John M and Porras Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2004
Sold by
Elementhomes Sales & Marketing Llc
Bought by
Everett Charles K and Everett Annette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,566
Interest Rate
5.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Rick $499,000 Security Title Agency Inc
Porras John M $433,000 Arizona Title Agency Inc
Everett Charles K $285,799 First American Title Ins Co
Elementhomes Sales & Marketing Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Rick $125,000
Previous Owner Porras John M $263,000
Previous Owner Everett Charles K $248,566
Closed Everett Charles K $46,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $499,000 +2.0% $215 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $489,000 -- $211 / 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 $2,823 $35,577 -- --
2024 $2,729 $33,883 -- --
2023 $2,729 $50,820 $10,160 $40,660
2022 $2,633 $38,760 $7,750 $31,010
2021 $2,750 $35,510 $7,100 $28,410
2020 $2,734 $33,470 $6,690 $26,780
2019 $2,627 $31,080 $6,210 $24,870
2018 $2,544 $29,130 $5,820 $23,310
2017 $2,384 $26,760 $5,350 $21,410
2016 $2,253 $27,050 $5,410 $21,640
2015 $2,224 $25,370 $5,070 $20,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jamie Bowcut

    Elite Partners

  • C

    Seller Co-Listing Agent in 2020

    Chris Allen

    Elite Partners

  • Jason Williams

    Buyer's Agent in 2020

    Jason Williams

    HomeSmart

    (480) 290-1206

    5 in this area

    71 Total Sales

    Jason Williams
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6100676

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-57-162

Arizona Maricopa County Gilbert 85297 South Gilbert

4381 S Summit St, 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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