NOT LISTED FOR SALE

518 E Terrace Ave Gilbert, AZ 85234

Northwest Gilbert Neighborhood

Estimated Value: $604,000 - $626,000

3 Beds
2 Baths
2,120 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $600,000 $283 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,481/month

5 Days on Market

Highlights

  • Private Pool
  • RV Gated
  • Vaulted Ceiling
  • Neely Traditional Academy Rated A
  • 0.25 Acre Lot
  • Granite Countertops

About This Home

As of July 2023

STEP INTO A ENTERTAINERS DELIGHT, OPEN FLOOR PLAN, SOARING CEILINGS, TRAVERTINE FLOORING, STONE & WOOD ON SELECT WALLS IN LIVING AREA, CUSTOM LIGHTING BUILT-IN THROUGHOUT, GRANITE COUNTERS, EAT IN AREA, WITH BREAKFAST BAR, MASTER HAS CUSTOM STONE & WOOD WALL COVERINGS, MASTER BATH REMODELED WITH HUGE WALK IN SHOWER & MULTIPLE SHOWER HEADS, UPGRADED LARGE DOUBLE VANITY, 2 PRIVATE SPLIT SECONDARY BEDROOMS WITH BATH, GORGEOUS POOL WITH ROCK WATERFALL, MULTI-LEVEL DECKS WITH FIREPIT, LOADS OF SPACE IN 3 CAR GARAGE, RV AREA WITH CUSTOM GATE & CONCRETE PAD--NO HOA. SPLIT 2 HVAC SYSTEMS, ALL SITS ON 11,000 SF CUL DE SAC LOT! FANTASTIC LOCATION TO US 60, DNTOWN GILBERT DINING AND SHOPPING

Last Agent to Sell the Property

Chris Baker

72SOLD License #SA545654000 Listed on: 06/20/2023

72SOLD

Co-Listed By

Chris Allen

Elite Partners License #BR506579000

Last Buyer's Agent

Bill Watson

Keller Williams Realty Sonoran Living License #SA102349000

Keller Williams Realty Sonoran Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,721

Year Built

  • Built in 1987

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Roof Updated in 2022
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,120 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Pool

  • Pool Updated in 2022
  • Private Pool

Schools

  • Houston Elementary School
  • Gilbert Junior High School
  • Gilbert High School

Utilities

  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Circle G Meadows 2 Amd Subdivision

Listing and Financial Details

  • Tax Lot 109
  • Assessor Parcel Number 304-95-441

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,721

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Cross Street: GILBERT RD / BASELINE RD
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2022
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2022
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: hagu01
  • Co List Office Phone: 480-998-0110
  • Subdivision Name: CIRCLE G MEADOWS 2 AMD
  • Architectural Style: Ranch
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 283.01
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: Res/Business Use Ok
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), 3/4 Bath Master Bdrm
  • Living Area: 2120.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Houston 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: 11056.0
  • Parcel #: 304-95-441

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Tax Annual Amount: 2721.0
  • Tax Book Number: 304.00
  • Tax Lot: 109
  • Tax Map Number: 95.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2023
Closed on
Aug 3, 2023
Sold by
Stieg Ryan and Stieg Jillian
Bought by
Terrace In Gilbert Llc
Seller's Agent
Chris Baker
72SOLD
Buyer's Agent
Bill Watson
Keller Williams Realty Sonoran Living
List Price
$599,000
Sold Price
$600,000
Premium/Discount to List
$1,000
0.17%
Views
39
Current Estimated Value
$610,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,891
Avg. Annual Appreciation
0.76%

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 28, 2021
Sold by
Dunham Brenda J
Bought by
Forsberg William
Seller's Agent
Gary Weller
Weller Realty & Management
Buyer's Agent
Gary Loesl
Real Broker
List Price
$549,900
Sold Price
$549,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$522,405
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2012
Sold by
Bunham Brenda J and Dunham Breanda J
Bought by
Dunham Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,456
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2011
Sold by
Fannie Mae
Bought by
Dunham Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2010
Sold by
Sherwood Curtis L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 30, 2006
Sold by
Sherwood Curtis
Bought by
Sherwood Curtis and Dural Linda L

Purchase Details

Closed on
Oct 2, 2002
Sold by
Sherwood Curtis
Bought by
Sherwood Curtis and Dural Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2002
Sold by
Durai Linda L
Bought by
Sherwood Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 1999
Sold by
Bell Roy Clint and Bell Barbara Sue
Bought by
Sherwood Curtis L and Dural Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,504
Interest Rate
6.86%
Mortgage Type
VA

Purchase Details

Closed on
Oct 7, 1997
Sold by
Bell Roy Clint and Bell Barbara
Bought by
Bell Roy Clint and Bell Barbara Sue

Purchase Details

Closed on
Mar 15, 1994
Sold by
Pistillo Carmen and Pistillo Diane L
Bought by
Bell Roy Clint and Bell Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.15%
Mortgage Type
New Conventional
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
Terrace In Gilbert Llc -- Empire Title Agency
Forsberg William $549,900 Infinity Title Agency Llc
Dunham Brenda J -- Security Title Agency
Dunham Brenda J $168,000 Old Republic Title Agency
Federal National Mortgage Association $149,867 Security Title Agency
Sherwood Curtis -- None Available
Sherwood Curtis -- Lawyers Title Of Arizona Inc
Sherwood Curtis -- Lawyers Title Of Arizona Inc
Sherwood Curtis L $165,200 Lawyers Title Of Arizona Inc
Bell Roy Clint -- --
Bell Roy Clint $141,750 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forsberg William $522,405
Previous Owner Dunham Brenda J $160,456
Previous Owner Dunham Brenda J $159,600
Previous Owner Sherwood Curtis $161,000
Previous Owner Sherwood Curtis L $168,504
Previous Owner Bell Roy Clint $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $600,000 +0.2% $283 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/20/2023 06/20/23 For Sale $599,000 +8.9% $283 / Sq Ft
09/20/2021 09/20/21 Sold $549,900 0.0% $259 / Sq Ft View Prior Sale
07/27/2021 07/27/21 For Sale $549,900 -- $259 / 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 $3,249 $27,656 -- --
2024 $2,485 $26,339 -- --
2023 $2,485 $45,410 $9,080 $36,330
2022 $2,721 $34,630 $6,920 $27,710
2021 $2,426 $33,810 $6,760 $27,050
2020 $2,918 $30,630 $6,120 $24,510
2019 $2,694 $28,150 $5,630 $22,520
2018 $2,657 $26,360 $5,270 $21,090
2017 $2,610 $24,380 $4,870 $19,510
2016 $2,356 $23,520 $4,700 $18,820
2015 $1,916 $22,680 $4,530 $18,150
Source: Public Records

Agents Affiliated with this Home

  • Chris Baker

    Seller's Agent in 2023

    Chris Baker

    72SOLD

    (480) 239-7890

    4 in this area

    192 Total Sales

    Chris Baker
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Chris Allen

    Elite Partners

  • Bill Watson

    Buyer's Agent in 2023

    Bill Watson

    Keller Williams Realty Sonoran Living

    (480) 706-7211

    1 in this area

    197 Total Sales

    Bill Watson
    Section Image

  • G

    Seller's Agent in 2021

    Gary Weller

    Weller Realty & Management

    (480) 201-7111

    1 in this area

    32 Total Sales

    Gary Weller
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Marilynn Dillard

    Weller Realty & Management

    (480) 345-2422

    1 in this area

    27 Total Sales

    Marilynn Dillard
    Section Image
  • Gary Loesl

    Buyer's Agent in 2021

    Gary Loesl

    Real Broker

    (480) 600-3692

    1 in this area

    41 Total Sales

    Gary Loesl
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6567223

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-95-441

Arizona Maricopa County Gilbert 85234 Northwest Gilbert

518 E Terrace Ave, Gilbert, AZ

Not Listed for Sale

Detached

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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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