NOT LISTED FOR SALE

4940 S Leisure Way Gilbert, AZ 85298

South Gilbert Neighborhood

Estimated Value: $683,463 - $734,000

4 Beds
3 Baths
2,587 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 21, 2020

Last sale price $480,000 $186 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,124/month

6 Days on Market

Highlights

  • Granite Countertops
  • Eat-In Kitchen
  • Dual Vanity Sinks in Primary Bathroom
  • Haley Elementary School Rated A
  • Bidet
  • Kitchen Island

About This Home

As of July 2020

Only 3+ Years of Occupancy, the meticulous owners of this UPGRADED,SINGLE-STORY,SPLIT-FOORPLAN w/4 Bedrooms (Mother-in-Law Quarters with its Exterior Exit) & 3 Full Baths in the Prestigious Layton Lakes, are seeking buyers that can appreciate all of its exquisite amenities. Soaring 10 ft flat ceilings w/recessed can lights everywhere. Open Kitchen including: Maple Shaker Cabinets, Granite Counters, Undermount Stainless Sink w/ Gooseneck Faucet, Tile Backsplash, Gas 5 Burner Range/Oven, Stainless Appliances (Including French-Door Refrigerator that Conveys) Walk-In Pantry, Sprawling Island & Breakfast Bar. Easy maintenance Front & Backyards and a large Barbeque island. Award winning Chandler Schools and the Layton Lakes Amenities. Hurry, it WILL NOT LAST!

Last Agent to Sell the Property

Abhishek Srivastava

HomeSmart License #SA666464000 Listed on: 06/14/2020

HomeSmart

Last Buyer's Agent

Ameet Nainani

HomeSmart License #SA665013000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 2016

Lot Details

  • 7,475 Sq Ft Lot

HOA Fees

  • $96 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,587 Sq Ft Home
  • 1-Story Property

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

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

Schools

  • Haley Elementary School
  • Coronado High Middle School
  • Perry High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Association fees include street maintenance
  • Layton Lakes Association, Phone Number (602) 906-4940
  • Built by Layton lakes
  • Layton Lakes Phase 2 Gilbert Parcel 15 Subdivision

Listing and Financial Details

  • Tax Lot 383
  • Assessor Parcel Number 313-18-565

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,377

Year Built

Built in 2016

Lot Details

0

HOA Fees

$96 per month

Parking

3

Listing Details

  • Cross Street: Queen Creek & Lindsay
  • 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: 96.33
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2016
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: LAYTON LAKES PHASE 2 GILBERT PARCEL 15
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 185.54
  • Association Fees:HOA Fee2: 289.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Double Vanity, Eat-in Kitchen, Kitchen Island, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2587.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Composition, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 289.0
  • Association Fee Frequency: Quarterly
  • Association Name: Layton Lakes
  • Phone: 602-906-4940
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Layton Lakes
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Street Maint

Schools

  • Elementary School: Haley Elementary
  • High School: Perry High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Coronado High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7475.0
  • Parcel #: 313-18-565

Building Info

  • Builder Name: Layton lakes

Tax Info

  • Tax Annual Amount: 2377.0
  • Tax Book Number: 313.00
  • Tax Lot: 383
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2020
Closed on
Jul 27, 2020
Sold by
Yadavalli Sudha Lakshmi and Akella Sreese
Bought by
Tiwari Nitin R and Pandey Manjula
Seller's Agent
Abhishek Srivastava
HomeSmart
Buyer's Agent
Ameet Nainani
HomeSmart
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Current Estimated Value
$725,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,239
Avg. Annual Appreciation
7.54%
Original Mortgage
$384,000
Outstanding Balance
$271,304
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$439,812

Purchase Details

Listed on
Jun 14, 2020
Closed on
Jul 20, 2020
Sold by
Tiwari Nitin R and Pandey Manjula
Bought by
Thirukurongudi Srinivasan and Thirukurongudi Indu
Seller's Agent
Abhishek Srivastava
HomeSmart
Buyer's Agent
Ameet Nainani
HomeSmart
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Outstanding Balance
$271,304
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$439,812

Purchase Details

Closed on
Apr 10, 2019
Sold by
Tiwari Nitin R
Bought by
Tiwari Nitin R and Pandey Manjula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 15, 2016
Sold by
Pandey Manjula and Tiwari Nitin R
Bought by
Tiwari Nitin R

Purchase Details

Closed on
Jan 28, 2016
Sold by
Lennar Arizona Inc
Bought by
Tiwari Nitin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,171
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2016
Sold by
Lennar Layton Llc
Bought by
Lennar Arizona Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,171
Interest Rate
3.25%
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
Tiwari Nitin R -- Fidelity Natl Ttl Agcy Inc
Thirukurongudi Srinivasan $480,000 Equitable Title Agency
Tiwari Nitin R -- None Available
Tiwari Nitin R -- North American Title Company
Tiwari Nitin R $376,075 North American Title Company
Lennar Arizona Inc -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thirukurongudi Srinivasan $384,000
Previous Owner Tiwari Nitin R $362,000
Previous Owner Tiwari Nitin R $378,171
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2020 07/21/20 Sold $480,000 -2.0% $186 / Sq Ft
06/20/2020 06/20/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $490,000 -1.0% $189 / Sq Ft
06/14/2020 06/14/20 For Sale $495,000 -- $191 / 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 $2,551 $32,279 -- --
2024 $2,469 $30,742 -- --
2023 $2,469 $54,620 $10,920 $43,700
2022 $2,377 $39,820 $7,960 $31,860
2021 $2,483 $37,970 $7,590 $30,380
2020 $2,466 $36,660 $7,330 $29,330
2019 $2,377 $32,870 $6,570 $26,300
2018 $2,301 $30,930 $6,180 $24,750
2017 $2,160 $29,130 $5,820 $23,310
2016 $583 $6,540 $6,540 $0
2015 $608 $6,320 $6,320 $0
Source: Public Records

Agents Affiliated with this Home

  • Abhishek Srivastava

    Seller's Agent in 2020

    Abhishek Srivastava

    HomeSmart

    (602) 230-7600

    3 in this area

    34 Total Sales

    Abhishek Srivastava
    Section Image
  • Ameet Nainani

    Buyer's Agent in 2020

    Ameet Nainani

    HomeSmart

    (480) 788-1122

    2 in this area

    34 Total Sales

    Ameet Nainani
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6090902

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-18-565

Arizona Maricopa County Gilbert 85298 South Gilbert

4940 S Leisure Way, 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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