Seller's Agent in 2023
Kirk Erickson
Schreiner Realty
(602) 222-3456
8 in this area
197 Total Sales
448 E Barbarita Ave Gilbert, AZ 85234
Downtown Gilbert NeighborhoodEstimated Value: $894,000 - $1,003,000
5
Beds
3.5
Baths
1,915
Sq Ft
$502/Sq Ft
Est. Value
Highlights
- Guest House
- Horses Allowed On Property
- RV Access or Parking
- Burk Elementary School Rated A-
- Private Pool
- Gated Parking
About This Home
As of August 2023Welcome to this stunning and unique earthen basement home in downtown Gilbert, AZ. NO HOA on 2/3 acre! This magnificent property with POOL and climate controlled detached 3 car garage has an array of exceptional features that will exceed your expectations. With a spacious detached CASITA, 5 bedrooms, and a studio, this home offers ample space for everyone.The custom built basement home has a spacious great room with a large kitchen island, stunning granite countertops, stainless steel appliances, and soaring ceilings. The fully finished basement is where the 3 main bedrooms are located, each with a walk out patio. In addition to the main residence, you'll discover a delightful 2-bedroom detached guest house, offering privacy and comfort for visiting family or friends. Imagine the possibilities for hosting, mother in law suite, or utilizing this space as a home office. Step into the backyard oasis, an entertainers dream, where a sparkling diving pool awaits along with a MASSIVE luxurious covered patio with a large fireplace, outdoor kitchen complete with a grill, granite countertops, bar seating, functioning sink, and a chef's griddle. The outdoor culinary space is a dream come true, allowing you to effortlessly entertain and create memorable meals for your loved ones.An RV gate and ample RV parking space provide convenient storage for your recreational vehicles. You'll notice the low-maintenance desert landscape throughout as a testament to the ease of upkeep.
In summary, this exceptional property near downtown Gilbert, AZ offers a lifestyle of luxury, comfort, and endless entertainment possibilities. From the detached garage to the guest house, from the inviting pool to the outdoor kitchen, this residence truly has it all. Don't miss your chance to experience the pinnacle of Arizona living. Schedule a tour today!
Last Agent to Sell the Property
Schreiner Realty License #SA641578000 Listed on: 05/26/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,019
Year Built
- Built in 1982
Lot Details
- 0.64 Acre Lot
- Desert faces the front and back of the property
- Block Wall Fence
Parking
- 3 Car Detached Garage
- 5 Open Parking Spaces
- Garage ceiling height seven feet or more
- Circular Driveway
- Gated Parking
- RV Access or Parking
Home Design
- Santa Fe Architecture
- Stucco
Interior Spaces
- 1,915 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- Double Pane Windows
- Finished Basement
Kitchen
- Breakfast Bar
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bathroom is a Full Bathroom
- 3.5 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Outdoor Features
- Private Pool
- Covered Patio or Porch
- Outdoor Fireplace
- Built-In Barbecue
Schools
- Burk Elementary School
- Gilbert Classical Academy Jr. Middle School
- Gilbert High School
Utilities
- Central Air
- Heating Available
- Water Softener
- High Speed Internet
- Cable TV Available
Additional Features
- Guest House
- Horses Allowed On Property
Community Details
- No Home Owners Association
- Association fees include no fees
- K C Ranch Estates Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 304-12-212
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 26, 2023
Closed on
Aug 18, 2023
Sold by
Seal Trust
Bought by
Larry J & Theresa A Bishop Trust and Bishop
Seller's Agent
Kirk Erickson
Schreiner Realty
Buyer's Agent
Austin Fenhaus
eXp Realty
List Price
$1,125,000
Sold Price
$1,000,000
Premium/Discount to List
-$125,000
-11.11%
Views
130
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,496
Avg. Annual Appreciation
-1.07%
Original Mortgage
$726,200
Outstanding Balance
$713,840
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$263,730
Purchase Details
Closed on
Dec 4, 2013
Sold by
Seal Kenneth W
Bought by
Seal Kenneth Wayne and Hobbs Anita Lynell
Purchase Details
Closed on
May 21, 2010
Sold by
Gagnon Michael Allen and Shumate Joann Yvette
Bought by
Seal Kenneth W
Purchase Details
Closed on
May 10, 2006
Sold by
Distefano Stacy M
Bought by
Gagnon Michael Allen and Shumate Joann Yvette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 11, 2005
Sold by
Distefano Stacy M
Bought by
Hoey Lanetta L
Purchase Details
Closed on
Nov 15, 2004
Sold by
Northern Trust Bank Na
Bought by
Distefano Stacy A and Derrace R Hoey Trust
Purchase Details
Closed on
Oct 24, 2002
Sold by
Hoey Derrace R
Bought by
Hoey Derrace R and Derrace R Hoey Trust
Purchase Details
Closed on
Oct 3, 2002
Sold by
Borras Dennis M and Borras Tamara M
Bought by
Hoey Derrace R
Purchase Details
Closed on
Feb 16, 2000
Sold by
Hoey Derrace R
Bought by
Borras Dennis M
Purchase Details
Closed on
Jul 31, 1996
Sold by
Hoey Lanetta
Bought by
Hoey Derrace
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
8.42%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larry J & Theresa A Bishop Trust | $1,000,000 | Group Title Agency Services | |
| Seal Kenneth Wayne | -- | None Available | |
| Seal Kenneth W | $196,200 | Fidelity National Title | |
| Gagnon Michael Allen | $550,000 | Fidelity National Title | |
| Hoey Lanetta L | -- | Security Title Agency Inc | |
| Distefano Stacy A | -- | -- | |
| Hoey Derrace R | -- | -- | |
| Hoey Derrace R | -- | -- | |
| Hoey Derrace R | $160,000 | -- | |
| Borras Dennis M | -- | -- | |
| Borras Dennis M | $160,000 | -- | |
| Hoey Derrace | -- | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larry J & Theresa A Bishop Trust | $726,200 | |
| Previous Owner | Gagnon Michael Allen | $495,000 | |
| Previous Owner | Hoey Derrace | $66,000 | |
| Closed | Hoey Derrace | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2023 08/18/23 | Sold | $1,000,000 | -11.1% | $522 / Sq Ft |
| 06/30/2023 06/30/23 | Pending | -- | -- | -- |
| 05/27/2023 05/27/23 | For Sale | $1,125,000 | -- | $587 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $3,102 | $42,331 | -- | -- |
| 2024 | $3,121 | $40,315 | -- | -- |
| 2023 | $3,121 | $58,480 | $11,690 | $46,790 |
| 2022 | $3,019 | $46,250 | $9,250 | $37,000 |
| 2021 | $3,161 | $45,820 | $9,160 | $36,660 |
| 2020 | $3,112 | $42,710 | $8,540 | $34,170 |
| 2019 | $2,861 | $39,980 | $7,990 | $31,990 |
| 2018 | $2,773 | $38,020 | $7,600 | $30,420 |
| 2017 | $2,675 | $35,910 | $7,180 | $28,730 |
| 2016 | $2,768 | $34,510 | $6,900 | $27,610 |
| 2015 | $2,522 | $32,260 | $6,450 | $25,810 |
Source: Public Records
Agents Affiliated with this Home
-
Kirk Erickson
-
Michael Rudder
Seller Co-Listing Agent in 2023
Michael Rudder
Schreiner Realty
(602) 670-0799
4 in this area
94 Total Sales
-
Austin Fenhaus
Buyer's Agent in 2023
Austin Fenhaus
eXp Realty
(412) 401-5521
2 in this area
57 Total Sales
-
Tyler Blair
Buyer Co-Listing Agent in 2023
Tyler Blair
eXp Realty
(480) 291-4478
9 in this area
1,201 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6561753
APN: 304-12-212
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.
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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