NOT LISTED FOR SALE

507 E Hearne Way Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $637,112 - $679,000

4 Beds
2 Baths
2,457 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $565,000 $230 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,819/month

14 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • 1 Fireplace
  • Burk Elementary School Rated A-
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of June 2021

Beautiful Lake Front property in Gilbert with lots of upgrades. Granite counter tops, newer appliances and cabinets, white wood blinds throughout, ceiling fans, new AC, stamped concrete entry and patio, wood burning fire place, vaulted ceilings, tile in all the right places, newer carpet, fresh paint, 3 car garage, and the list goes on. Perfectly located less than a mile from historic downtown Gilbert, walking and bike paths, freestone park, lots of restaurants, Gilbert schools and much more.

Last Agent to Sell the Property

Kelly Larsen

ProManage Realty, LLC License #BR532547000 Listed on: 05/21/2021

Last Buyer's Agent

Alice Lin

The Housing Professionals License #SA639353000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,429

Year Built

  • Built in 1993

Lot Details

  • 7,261 Sq Ft Lot
  • Waterfront
  • Desert faces the front and back of the property
  • Partially Fenced Property
  • Block Wall Fence

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,457 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Solar Screens
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Covered Patio or Porch

Schools

  • Burk Elementary School
  • Gilbert Junior High School
  • Gilbert High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 162
  • Assessor Parcel Number 304-97-363

Community Details

Overview

  • Association fees include ground maintenance
  • Tressle Association, Phone Number (480) 422-0888
  • Stonebridge Lakes Estates Unit Two Lt 1 203 Tr A H Subdivision
  • Community Lake

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,429

Year Built

Built in 1993

Lot Details

0

HOA Fees

$65 per month

Parking

3

Listing Details

  • Cross Street: Gilbert and Elliot
  • 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: 65.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1993
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: STONEBRIDGE LAKES ESTATES UNIT TWO LT 1-203 TR A-H
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 229.95
  • Association Fees:HOA Fee2: 390.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 2457.0
  • Stories: 1
  • Window Features: Solar Screens
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Partial
  • Lot Features: Waterfront Lot, Desert Back, Desert Front
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: None, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Garage Spaces: 3.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Pool
  • Association Fee: 390.0
  • Association Fee Frequency: Semi-Annually
  • Association Name: Tressle
  • Phone: 480-422-0888
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 75.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: Tressle
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Burk Elementary School
  • High School: Gilbert High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Gilbert Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7261.0
  • Parcel #: 304-97-363

Building Info

  • Builder Name: NA

Tax Info

  • Tax Annual Amount: 3429.0
  • Tax Book Number: 304.00
  • Tax Lot: 162
  • Tax Map Number: 97.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 16, 2021
Sold by
Loh Eddie and Loh Chau Qun
Bought by
Loh Chao Qun
Seller's Agent
Kelly Larsen
ProManage Realty, LLC
Buyer's Agent
Alice Lin
The Housing Professionals
List Price
$539,995
Sold Price
$565,000
Premium/Discount to List
$25,005
4.63%
Current Estimated Value
$659,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,528
Avg. Annual Appreciation
3.47%

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 15, 2021
Sold by
Sanders Nicole R and Sanders George H
Bought by
Qunlloh Chao
Seller's Agent
Kelly Larsen
ProManage Realty, LLC
Buyer's Agent
Alice Lin
The Housing Professionals
List Price
$539,995
Sold Price
$565,000
Premium/Discount to List
$25,005
4.63%

Purchase Details

Closed on
Apr 5, 2012
Sold by
Sanders Nicole R and Nelson Nicole R L
Bought by
Sanders Nicole R and Sanders George H

Purchase Details

Closed on
Feb 24, 2003
Sold by
Nelson Nicole R L
Bought by
Nelson Nicole R L and The Nelson Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
5.93%

Purchase Details

Closed on
Jul 29, 1997
Sold by
Nelson Roger R and Nelson Nicole R L
Bought by
Nelson Roger E and Nelson Nicole R L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Loh Chao Qun -- Lawyers Title Of Arizona Inc
Qunlloh Chao $555,000 Lawyers Title Of Arizona Inc
Sanders Nicole R -- None Available
Nelson Nicole R L -- --
Nelson Nicole R L -- Security Title Agency
Nelson Roger E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Nicole R L $91,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2021 06/18/21 Sold $565,000 0.0% $230 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $565,000 +4.6% $230 / Sq Ft
05/31/2021 05/31/21 For Sale $539,995 0.0% $220 / Sq Ft
05/23/2021 05/23/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $539,995 -4.4% $220 / Sq Ft
05/21/2021 05/21/21 Off Market $565,000 -- --
05/20/2021 05/20/21 For Sale $539,995 0.0% $220 / Sq Ft
04/11/2020 04/11/20 Rented $1,995 0.0% --
04/04/2020 04/04/20 Under Contract -- -- --
04/01/2020 04/01/20 For Rent $1,995 +15.7% --
06/07/2013 06/07/13 Rented $1,725 0.0% --
05/15/2013 05/15/13 Under Contract -- -- --
05/02/2013 05/02/13 For Rent $1,725 -- --
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 $3,575 $39,295 -- --
2024 $3,461 $37,424 -- --
2023 $3,461 $48,530 $9,700 $38,830
2022 $3,365 $36,860 $7,370 $29,490
2021 $3,480 $34,330 $6,860 $27,470
2020 $3,429 $32,670 $6,530 $26,140
2019 $3,186 $31,060 $6,210 $24,850
2018 $3,099 $29,500 $5,900 $23,600
2017 $2,998 $28,560 $5,710 $22,850
2016 $3,060 $25,330 $5,060 $20,270
2015 $2,825 $28,100 $5,620 $22,480
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kelly Larsen

    ProManage Realty, LLC

    (480) 326-3443

    1 in this area

    19 Total Sales

    Kelly Larsen
    Section Image

  • A

    Buyer's Agent in 2021

    Alice Lin

    The Housing Professionals

    (480) 818-5747

    4 in this area

    129 Total Sales

    Alice Lin
    Section Image

  • C

    Buyer's Agent in 2020

    Christopher Ruh

    eXp Realty

    (480) 539-4775

    4 Total Sales

    Christopher Ruh
    Section Image
  • Deborah Mack

    Buyer's Agent in 2013

    Deborah Mack

    Coldwell Banker Realty

    (480) 220-9411

    14 Total Sales

    Deborah Mack
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6239039

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-97-363

Arizona Maricopa County Gilbert 85234 Heritage District

507 E Hearne 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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