NOT LISTED FOR SALE

516 E Ranch Rd Gilbert, AZ 85296

Downtown Gilbert Neighborhood

Estimated Value: $738,000 - $775,000

4 Beds
3.5 Baths
3,795 Sq Ft
$198/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $695,000 $183 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,453/month

7 Days on Market

Highlights

  • Private Pool
  • 0.22 Acre Lot
  • Eat-In Kitchen
  • Settlers Point Elementary School Rated A-
  • Granite Countertops
  • Security System Owned

About This Home

As of February 2022

This Gilbert two-story home offers a patio, granite countertops, and a three-car garage.

This home has been virtually staged to show its potential.

Last Agent to Sell the Property

Mark Biggins

ADG Properties Brokerage Email: homes@opendoor.com License #BR579515000 Listed on: 01/11/2022

Last Buyer's Agent

Angela Aho-Smith

Genesis Realty License #SA518704000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,147

Year Built

  • Built in 1997

Lot Details

  • 9,657 Sq Ft Lot
  • Block Wall Fence
  • Grass Covered Lot

HOA Fees

  • $28 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,795 Sq Ft Home
  • 2-Story Property
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • <<builtInMicrowave>>
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms

Pool

  • Private Pool

Schools

  • Settler's Point Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Association fees include ground maintenance
  • Neely Farms Homeowne Association, Phone Number (602) 957-9191
  • Neely Farms Unit 2 Subdivision

Listing and Financial Details

  • Tax Lot 137
  • Assessor Parcel Number 309-14-137

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,147

Year Built

Built in 1997

Lot Details

0

HOA Fees

$28 per month

Parking

3

Listing Details

  • 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: 28.33
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Tax Year: 2021
  • Attribution Contact: homes@opendoor.com
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.22
  • Subdivision Name: NEELY FARMS UNIT 2
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 85.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Eat-in Kitchen, Full Bth Master Bdrm
  • Living Area: 3795.0
  • Stories: 2
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Dirt Back, Grass Front
  • Pool Features: Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: 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: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 85.0
  • Association Fee Frequency: Quarterly
  • Association Name: Neely Farms Homeowne
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Neely Farms Homeowne
  • Association Fees:HOA Telephone4: (602) 957-9191
  • 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: Settler's Point Elementary
  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9657.0
  • Parcel #: 309-14-137

Building Info

  • Builder Name: UNK

Tax Info

  • Tax Annual Amount: 3147.0
  • Tax Book Number: 309.00
  • Tax Lot: 137
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Feb 16, 2022
Sold by
Opendoor Property Trust
Bought by
Riley Stephanie Lynn and Riley Reginald John
Seller's Agent
Mark Biggins
ADG Properties
Buyer's Agent
Angela Aho-Smith
Genesis Realty
List Price
$695,000
Sold Price
$695,000
Current Estimated Value
$752,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,538
Avg. Annual Appreciation
2.87%
Original Mortgage
$647,200
Outstanding Balance
$607,782
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$157,845

Purchase Details

Closed on
Sep 10, 2021
Sold by
Chandrakumar Nirusha P
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Dec 22, 1997
Sold by
First American Title Insurance Company
Bought by
Chandrakumar Mail Vaganam and Chandrakumar Nirusha P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,450
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 1996
Sold by
Spring/Sunbelt Iv Llc
Bought by
Key Construction Inc
Source: Public Records

Range of Values:

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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
Riley Stephanie Lynn $695,000 Os National
Opendoor Property Trust I $676,400 Os National Llc
Chandrakumar Mail Vaganam $204,364 First American Title
Key Construction Inc $46,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Stephanie Lynn $647,200
Previous Owner Chandrakumar Mailvaganam $430,000
Previous Owner Chandrakumar Mailvaganam $330,000
Previous Owner Chandrakumar Mailvaganam $250,000
Previous Owner Chandrakumar Mailvaganam $210,000
Previous Owner Chandrakumar Mail Vaganam $163,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $695,000 0.0% $183 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $695,000 -- $183 / 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 $3,088 $41,823 -- --
2024 $3,104 $39,832 -- --
2023 $3,104 $56,000 $11,200 $44,800
2022 $3,001 $42,320 $8,460 $33,860
2021 $3,147 $40,830 $8,160 $32,670
2020 $3,101 $38,570 $7,710 $30,860
2019 $2,852 $36,610 $7,320 $29,290
2018 $2,763 $35,850 $7,170 $28,680
2017 $2,668 $34,200 $6,840 $27,360
2016 $2,762 $33,630 $6,720 $26,910
2015 $2,517 $33,280 $6,650 $26,630
Source: Public Records

Agents Affiliated with this Home

  • Mark Biggins

    Seller's Agent in 2022

    Mark Biggins

    ADG Properties

    (415) 747-7227

    19 in this area

    3,336 Total Sales

    Mark Biggins
    Section Image

  • A

    Buyer's Agent in 2022

    Angela Aho-Smith

    Genesis Realty

    (602) 740-6786

    1 in this area

    46 Total Sales

    Angela Aho-Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6340232

Arizona Regional Multiple Listing Service (ARMLS)

APN: 309-14-137

Arizona Maricopa County Gilbert 85296 Downtown Gilbert

516 E Ranch Rd, Gilbert, AZ

This home is located at 516 E Ranch Rd, Gilbert, AZ 85296 since 11 January 2022 and is currently estimated at $752,538, approximately $198 per square foot. This property was built in 1997. 516 E Ranch Rd is a home located in Maricopa County with nearby schools including Settlers Point Elementary School, Mesquite Junior High School, and Mesquite High School.

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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