NOT LISTED FOR SALE

4948 S Leisure Way Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $736,333 - $827,000

5 Beds
3 Baths
3,322 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $404,990 $122 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,326/month

1 Day on Market

Highlights

  • Community Lake
  • Clubhouse
  • Covered Patio or Porch
  • Haley Elementary School Rated A
  • Granite Countertops
  • 3 Car Direct Access Garage

About This Home

As of August 2016

Gorgeous, spacious great room 3322 sqft 2 story plan in Gilbert with Chandler Schools!! Energy efficient, stainless steel appliances including refrigerator, 42 cabinets, granite countertops, luxury upgraded bathrooms, upgraded tile and carpet plus so much more! Security system with 2 years
of free monitoring plus surround sound speaker prewire also included!

A PUBLIC REPORT IS AVAILABLE ON THE STATE REAL ESTATE DEPARTMENT'S WEBSITE.

Last Agent to Sell the Property

Dawn Faraci

Lennar Sales Corp License #SA572073000 Listed on: 07/06/2016

Last Buyer's Agent

Anand Sabapathy

DeLex Realty License #SA561221000

DeLex Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $608

Year Built

  • Built in 2016 | Under Construction

Lot Details

  • 7,475 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,322 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Haley Elementary School
  • Willie & Coy Payne Jr. High Middle School
  • Perry High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 384
  • Assessor Parcel Number 313-18-566

Community Details

Overview

  • Property has a Home Owners Association
  • Built by Lennar
  • Layton Lakes Phase 2 Gilbert Parcel 15 Subdivision, Tipton Floorplan
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$608

Year Built

Built in 2016 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Lindsay/Queen Creek
  • Legal Info Range: 6E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 86.66
  • Basement: N
  • Cooling HVAC SEER Rating: 14
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2016
  • Tax Year: 2015
  • Master Model: Tipton
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.17
  • Subdivision Name: LAYTON LAKES PHASE 2 GILBERT PARCEL 15
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Builder
  • General Property Description:PriceSqFt: 121.91
  • Association Fees:HOA Fee2: 86.66
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Walk-In Closet(s), Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, 3/4 Bath Master Bdrm, Double Vanity, Granite Counters
  • Living Area: 3322.0
  • Stories: 2
  • Window Features: Vinyl Frame, Double Pane Windows, Low Emissivity Windows
  • ResoLivingAreaSource: Builder
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Kitchen Features:Engy Star (See Rmks)2: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Lot Features: Desert Front, Dirt Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Home Warranty: Yes
  • Construction Type: Painted, Stucco, Frame - Wood
  • Property Condition: Under Construction
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Construction Status:Under Construction: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Extnded Lngth Garage: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat
  • Heating: Natural Gas
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Lake Subdivision, Playground, Biking/Walking Path, Clubhouse
  • Amenities: Management
  • Association Fee Frequency: Monthly
  • Association Name: 0
  • Phone: 0
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: 0
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Schools

  • Elementary School: Haley Elementary
  • High School: Perry High School
  • Middle Or Junior School: Willie & Coy Payne Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7475.0
  • Parcel #: 313-18-566
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Lennar

Tax Info

  • Tax Annual Amount: 608.28
  • Tax Book Number: 313.00
  • Tax Lot: 384
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2020
Sold by
Rallapalli Shilpa and Mudigonda Anil
Bought by
Mudigonda Anil
Current Estimated Value
$779,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Outstanding Balance
$301,457
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$478,376

Purchase Details

Listed on
Jul 6, 2016
Closed on
Jul 15, 2016
Sold by
Mudigonda Anil and Rallapalli Shilpa
Bought by
Rallapalli Shilpa
Seller's Agent
Dawn Faraci
Lennar Sales Corp
Buyer's Agent
Anand Sabapathy
DeLex Realty
List Price
$414,490
Sold Price
$404,990
Premium/Discount to List
-$9,500
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$364,491
Interest Rate
3.41%
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
Mudigonda Anil -- Driggs Title Agency Inc
Rallapalli Shilpa -- North American Title Company
Rallapalli Shilpa $404,990 North American Title Company
Lennar Arizona Inc -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mudigonda Anil $338,000
Closed Rallapalli Shilpa $364,491
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $404,990 -2.3% $122 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $414,490 -- $125 / 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 $2,689 $34,052 -- --
2024 $2,602 $32,430 -- --
2023 $2,602 $56,970 $11,390 $45,580
2022 $2,506 $41,310 $8,260 $33,050
2021 $2,618 $39,480 $7,890 $31,590
2020 $2,600 $38,070 $7,610 $30,460
2019 $2,506 $34,320 $6,860 $27,460
2018 $2,426 $32,430 $6,480 $25,950
2017 $2,277 $30,730 $6,140 $24,590
2016 $567 $6,540 $6,540 $0
2015 $608 $6,320 $6,320 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dawn Faraci

    Lennar Sales Corp

  • Anand Sabapathy

    Buyer's Agent in 2016

    Anand Sabapathy

    DeLex Realty

    (480) 332-0830

    1 Total Sale

    Anand Sabapathy
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5466631

Arizona Regional Multiple Listing Service (ARMLS)

APN: 313-18-566

Arizona Maricopa County Gilbert 85297 South Gilbert

4948 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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