NOT LISTED FOR SALE

540 E Palo Verde St Gilbert, AZ 85296

Heritage District Neighborhood

Estimated Value: $1,163,000 - $1,346,000

6 Beds
3 Baths
3,508 Sq Ft
$354/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $795,000 $227 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,754/month

56 Days on Market

Highlights

  • Horses Allowed On Property
  • Private Pool
  • 0.99 Acre Lot
  • Mesquite Elementary School Rated A-
  • RV Access or Parking
  • Vaulted Ceiling

About This Home

As of August 2020

Beautiful acre horse property located just minutes from historic downtown Gilbert! Nestled in a quiet cul-de-sac, this home features a gourmet kitchen with high-end appliances, custom cabinetry, granite counters, and a large island w/breakfast bar. Home has been completely renovated and offers classic features not found in many newer homes including a wood-burning fireplace, beamed ceiling, no HOA, and an irrigated lot. Huge yard has a fenced pool, oversized ramada, large lawn area, 2 storage sheds, citrus trees, and a separate grass area perfect for livestock or recreational use. Homes for sale in Gilbert are limited so don't pass up this opportunity to buy in this ideal location just minutes from both the US 60 and Loop 202 freeways. Schedule your private showing today!

Last Agent to Sell the Property

Mackenzie McFarlane

eXp Realty License #SA675342000 Listed on: 05/04/2020

Last Buyer's Agent

Jarrod Lamb

Value Link Realty LLC License #BR641244000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,062

Year Built

  • Built in 1986

Lot Details

  • 0.99 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Backyard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 3,508 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Security System Owned

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Private Pool
  • Fence Around Pool
  • Diving Board

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Playground

Schools

  • Mesquite Elementary School
  • Mesquite Jr High Middle School
  • Gilbert High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral

Utilities

  • Central Air
  • Heating Available
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 304-23-192

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Meadow Park Lot 1 16 Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,062

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Cross Street: N Lindsay Rd & E Elliot Rd
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2019
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 0.99
  • Subdivision Name: MEADOW PARK LOT 1-16
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 226.62
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Water Softener Rented
  • Total Bedrooms: 6
  • Fireplace Features: Fire Pit, 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 3508.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground
  • Lot Features: Cul-De-Sac, Gravel/Stone Front, Grass Front, Grass Back, Irrigation Back
  • Pool Features: Diving Pool, Fenced, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Other Structures: Gazebo
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV Access/Parking, RV Gate, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Horse Amenities: Corral(s)
  • Land Lease: No
  • Lot Size Sq Ft: 43259.0
  • Parcel #: 304-23-192

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 3062.0
  • Tax Book Number: 304.00
  • Tax Lot: 7
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2022
Sold by
Kleiner John C
Bought by
Kleiner Living Trust
Current Estimated Value
$1,243,157

Purchase Details

Listed on
May 4, 2020
Closed on
Aug 5, 2020
Sold by
Kleiner Jenna C
Bought by
Kleiner John C
Seller's Agent
Mackenzie McFarlane
eXp Realty
Buyer's Agent
Jarrod Lamb
Value Link Realty LLC
List Price
$899,000
Sold Price
$795,000
Premium/Discount to List
-$104,000
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$510,400
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2020
Closed on
Aug 3, 2020
Sold by
Poulsen Barbara June and The Poulsen Family Revocable T
Bought by
Kleiner John C
Seller's Agent
Mackenzie McFarlane
eXp Realty
Buyer's Agent
Jarrod Lamb
Value Link Realty LLC
List Price
$899,000
Sold Price
$795,000
Premium/Discount to List
-$104,000
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2018
Sold by
Poulsen Carter J and Poulsen Barbara J
Bought by
Poulsen Carter Jay and Poulsen Barbara June
Source: Public Records
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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
Kleiner Living Trust -- --
Kleiner John C -- Driggs Title Agency Inc
Kleiner John C $795,000 Driggs Title Agency Inc
Poulsen Carter Jay -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kleiner John C $510,400
Previous Owner Kleiner John C $125,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2020 08/05/20 Sold $795,000 -3.5% $227 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $824,000 -8.3% $235 / Sq Ft
05/25/2020 05/25/20 For Sale $899,000 0.0% $256 / Sq Ft
05/17/2020 05/17/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $899,000 -- $256 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,508 $45,247 -- --
2024 $3,377 $43,092 -- --
2023 $3,377 $65,710 $13,140 $52,570
2022 $3,268 $52,820 $10,560 $42,260
2021 $3,401 $50,920 $10,180 $40,740
2020 $3,341 $47,420 $9,480 $37,940
2019 $3,062 $44,650 $8,930 $35,720
2018 $2,964 $41,820 $8,360 $33,460
2017 $2,859 $39,950 $7,990 $31,960
2016 $2,959 $39,180 $7,830 $31,350
2015 $2,696 $39,260 $7,850 $31,410
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mackenzie McFarlane

    eXp Realty

    (480) 240-0294

    33 Total Sales

    Mackenzie McFarlane
    Section Image
  • Jarrod Lamb

    Buyer's Agent in 2020

    Jarrod Lamb

    Value Link Realty LLC

    (480) 459-1124

    1 in this area

    12 Total Sales

    Jarrod Lamb
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6073702

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-23-192

Arizona Maricopa County Gilbert 85296 Heritage District

540 E Palo Verde St, 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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