4523 E Melrose St Gilbert, AZ 85297
Power Ranch Neighborhood
3
Beds
2
Baths
1,625
Sq Ft
4,950
Sq Ft Lot
Highlights
- Community Lake
- Theater or Screening Room
- Heated Community Pool
- Centennial Elementary School Rated A
- Granite Countertops
- Tennis Courts
About This Home
As of August 2022Welcome to life in Power Ranch! This beautiful home sits across from the park in one of Gilbert's most sought after communities. With $100,000 in upgrades within the last year, this home boats all new stainless steel appliances, granite countertops, white shaker cabinets, subway backsplash, crown molding, designer bathrooms, new carpet and paint, a new hot water heater AND A NEW A/C unit! It even has $7,000 in A/V equipment hardwired into the home. This home has everything, not to mention the master bedroom's walk-in closet, two guest rooms, den/office and full hallway bath. Create memories in the back yard under the new pergola. All this plus two community pools, miles of walking and biking trails, lakes and clubhouses at your disposal. This is the one!
Last Agent to Sell the Property
Real Broker License #SA646448000 Listed on: 08/17/2018
Co-Listed By
Armando Urtuzuastegui
Stunning Homes Realty License #SA678106000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,889
Year Built
- Built in 2007
Lot Details
- 4,950 Sq Ft Lot
- Desert faces the front and back of the property
- Block Wall Fence
- Front and Back Yard Sprinklers
- Grass Covered Lot
HOA Fees
- $81 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 1,625 Sq Ft Home
- 1-Story Property
- Ceiling height of 9 feet or more
- Double Pane Windows
- Low Emissivity Windows
- Washer and Dryer Hookup
Kitchen
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Remodeled Bathroom
- 2 Bathrooms
Outdoor Features
- Covered patio or porch
Schools
- Centennial Elementary School
- Higley High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 313-16-053
Community Details
Overview
- Association fees include ground maintenance
- Ccmc Association, Phone Number (480) 921-7500
- Built by ELEMENT HOMES
- Power Ranch Neighborhood 8 Subdivision
- Community Lake
Amenities
- Theater or Screening Room
- Recreation Room
Recreation
- Tennis Courts
- Community Playground
- Heated Community Pool
- 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
-$49,093
Avg. Annual Appreciation
-3.04%
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 17, 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 17, 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $563,000 | Fidelity National Title | |
| Warranty Deed | $310,000 | Security Title Agency Inc | |
| Warranty Deed | -- | Security Title Agency Inc | |
| Special Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Cash Sale Deed | $265,000 | Security Title Agency Inc | |
| Special Warranty Deed | $226,021 | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $506,700 | New Conventional | |
| Previous Owner | $254,000 | New Conventional | |
| Previous Owner | $263,500 | New Conventional | |
| Previous Owner | $199,400 | New Conventional | |
| Previous Owner | $203,410 | New Conventional |
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
-
Seller's Agent in 2022
Johnny Pryor
Russ Lyon Sotheby's International Realty
(480) 287-5200
1 in this area
92 Total Sales
-
Buyer's Agent in 2022
Bettye Fort
Realty One Group
(480) 329-6414
1 in this area
75 Total Sales
-
Buyer Co-Listing Agent in 2022
Jason Crittenden
Realty One Group
(602) 432-5367
8 in this area
446 Total Sales
-
T
Seller's Agent in 2018
Templeton Walker
Real Broker
(480) 823-5672
1 in this area
193 Total Sales
-
A
Seller Co-Listing Agent in 2018
Armando Urtuzuastegui
Stunning Homes Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5808416
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
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