4523 E Melrose St Gilbert, AZ 85297
Power Ranch NeighborhoodEstimated Value: $492,000 - $530,667
3
Beds
2
Baths
1,645
Sq Ft
$312/Sq Ft
Est. Value
Highlights
- Transportation Service
- Community Lake
- Granite Countertops
- Centennial Elementary School Rated A
- Clubhouse
- Heated Community Pool
About This Home
As of August 2022*Ready for Immediate move-in* 3 BEDROOMS AND A DEN FOR THE WIN! Located in beautiful Power Ranch! One of the most sought after communities in all of Gilbert Arizona! Scale of 1 to 10, this home is an 11! Previous owners put over $100,000 into the remodel! New Kitchen, New Bathrooms, Beautiful white quartz countertops, white Porcelain marble tile in the shower, ceramic plank tile floors, subway tile backsplash, Huge Pergola shade structure and paver combo in the backyard. Multiple palm trees for an absolutely beautiful backyard! $7000 in A/V Speakers built-in speakers to enjoy inside or outside! Energy efficient dual pane windows. HVAC and hot water heater new 4-5 years ago! 2 community pools, hiking, biking, lakes, multiple clubhouses, this community has it all!
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #SA672654000 Listed on: 06/14/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,081
Year Built
- Built in 2007
Lot Details
- 4,950 Sq Ft Lot
- Block Wall Fence
- Grass Covered Lot
HOA Fees
- $93 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Wood Frame Construction
- Tile Roof
- Concrete Roof
- Stucco
Interior Spaces
- 1,645 Sq Ft Home
- 1-Story Property
- Ceiling height of 9 feet or more
- Double Pane Windows
- Low Emissivity Windows
Kitchen
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Remodeled Bathroom
- Primary Bathroom is a Full Bathroom
- 2 Bathrooms
Schools
- Centennial Elementary School
- Higley High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Additional Features
- Covered patio or porch
- Property is near a bus stop
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 313-16-053
Community Details
Overview
- Association fees include ground maintenance
- Power Ranch Association, Phone Number (480) 988-0960
- Built by Element Homes
- Power Ranch Subdivision
- Community Lake
Amenities
- Transportation Service
- Clubhouse
- Recreation Room
Recreation
- Tennis Courts
- Community Playground
- Heated Community Pool
- Community Spa
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2022
Closed on
Aug 2, 2022
Sold by
Hari Singh Harmit Kaur
Bought by
Harrison Rachel L
Seller's Agent
Johnny Pryor
Russ Lyon Sotheby's International Realty
Buyer's Agent
Bettye Fort
Realty ONE Group
List Price
$595,000
Sold Price
$563,000
Premium/Discount to List
-$32,000
-5.38%
Views
4
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
-$49,333
Avg. Annual Appreciation
-3.16%
Original Mortgage
$506,700
Outstanding Balance
$484,059
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$29,608
Purchase Details
Listed on
Aug 18, 2018
Closed on
Sep 23, 2018
Sold by
Cook Michael N and Cook Barbara N
Bought by
Kaur Harmit
Seller's Agent
Templeton Walker
Real Broker
Buyer's Agent
Johnny Pryor
Russ Lyon Sotheby's International Realty
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.72%
Original Mortgage
$263,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 18, 2018
Closed on
Aug 30, 2018
Sold by
Stenstrom Jeffrey S and Jeffrey S Stenstrom Revocable
Bought by
Cook Michael N and Cook Barbara A
Seller's Agent
Templeton Walker
Real Broker
Buyer's Agent
Johnny Pryor
Russ Lyon Sotheby's International Realty
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 4, 2018
Sold by
Stenstrom Jeffrey S and Jeffrey S Stenstrom Revocable
Bought by
Cook Michael N and Cook Barbara A
Purchase Details
Closed on
Jun 15, 2017
Sold by
Cook Brett and Stenstrom Jeff
Bought by
Cook Brett A and Brett A Cook Revocable Trust
Purchase Details
Closed on
Mar 12, 2017
Sold by
Olstad James Allen and Olstad Ronell Mae
Bought by
Cook Brett and Stenstrom Jeff
Purchase Details
Closed on
Oct 10, 2007
Sold by
Elementhomes Sales & Marketing Llc
Bought by
Olstad James Allen and Olstad Ronell Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,410
Interest Rate
6.26%
Mortgage Type
New Conventional
Similar Homes in Gilbert, AZ
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 |
|---|---|---|---|
| Harrison Rachel L | $563,000 | Fidelity National Title | |
| Kaur Harmit | $310,000 | Security Title Agency Inc | |
| Cook Michael N | -- | Security Title Agency Inc | |
| Cook Michael N | -- | None Available | |
| Cook Brett A | -- | None Available | |
| Cook Brett | $265,000 | Security Title Agency Inc | |
| Olstad James Allen | $226,021 | 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 | Harrison Rachel L | $506,700 | |
| Previous Owner | Singh Harmit Kaur Hari | $254,000 | |
| Previous Owner | Kaur Harmit | $263,500 | |
| Previous Owner | Olstad James A | $199,400 | |
| Previous Owner | Olstad James Allen | $203,410 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2022 08/11/22 | Sold | $563,000 | -2.1% | $342 / Sq Ft |
| 07/05/2022 07/05/22 | Price Changed | $575,000 | -0.9% | $350 / Sq Ft |
| 07/01/2022 07/01/22 | Price Changed | $580,000 | -1.7% | $353 / Sq Ft |
| 06/28/2022 06/28/22 | Price Changed | $590,000 | -0.8% | $359 / Sq Ft |
| 06/14/2022 06/14/22 | For Sale | $595,000 | +91.9% | $362 / Sq Ft |
| 10/01/2018 10/01/18 | Sold | $310,000 | -1.6% | $191 / Sq Ft |
| 08/17/2018 08/17/18 | For Sale | $315,000 | -- | $194 / 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 | $1,766 | $22,313 | -- | -- |
| 2024 | $1,771 | $20,328 | -- | -- |
| 2023 | $1,771 | $35,200 | $7,040 | $28,160 |
| 2022 | $2,023 | $26,620 | $5,320 | $21,300 |
| 2021 | $2,051 | $24,830 | $4,960 | $19,870 |
| 2020 | $2,081 | $22,960 | $4,590 | $18,370 |
| 2019 | $1,721 | $20,610 | $4,120 | $16,490 |
| 2018 | $1,955 | $19,360 | $3,870 | $15,490 |
| 2017 | $1,889 | $18,620 | $3,720 | $14,900 |
| 2016 | $1,629 | $18,020 | $3,600 | $14,420 |
| 2015 | $1,421 | $17,800 | $3,560 | $14,240 |
Source: Public Records
Agents Affiliated with this Home
-
Johnny Pryor
Seller's Agent in 2022
Johnny Pryor
Russ Lyon Sotheby's International Realty
(480) 287-5200
1 in this area
90 Total Sales
-
Bettye Fort
Buyer's Agent in 2022
Bettye Fort
Realty One Group
(480) 329-6414
1 in this area
79 Total Sales
-
Jason Crittenden
Buyer Co-Listing Agent in 2022
Jason Crittenden
Realty One Group
(602) 432-5367
9 in this area
469 Total Sales
-
Templeton Walker
T
Seller's Agent in 2018
Templeton Walker
Real Broker
(480) 823-5672
1 in this area
205 Total Sales
-
Seller Co-Listing Agent in 2018
Armando Urtuzuastegui
Stunning Homes Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6417093
APN: 313-16-053
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
Nearby Homes
- 4646 E Maplewood St
- 4481 E Sundance Ct
- 4716 E Red Oak Ln Unit 102
- 3715 S Skyline Dr
- 4718 E Thunderheart Trail Unit 103
- 4495 E Woodside Way
- 4615 E Calistoga Dr
- 4072 S Skyline Ct
- 4772 E Portola Valley Dr Unit 102
- 4266 E Blue Sage Ct
- 4152 S Bandit Ct
- 4111 S Dewdrop Ct
- 3591 S Ranger Trail
- 3530 S Bandit Rd
- 4100 S Dewdrop Ct
- 4326 E Cloudburst Ct
- 3759 S Dew Drop Ln
- 3514 S Posse Trail
- 4251 E Sundance Ave
- 4262 E Sundance Ave
- 4523 E Melrose St
- 4531 E Melrose St
- 4519 E Melrose St
- 4511 E Melrose St
- 4520 E Trigger Way
- 4526 E Trigger Way
- 4514 E Trigger Way
- 4501 E Melrose St
- 3828 S Vineyard Ave
- 4508 E Trigger Way
- 3823 S Pablo Pass Dr
- 3855 S Vineyard Ave
- 3841 S Vineyard Ave
- 4491 E Melrose St
- 4502 E Trigger Way
- 3820 S Vineyard Ave
- 3861 S Vineyard Ave
- 3835 S Vineyard Ave
- 3869 S Vineyard Ave
- 3829 S Vineyard Ave