NOT LISTED FOR SALE

5507 S Joshua Tree Ln Gilbert, AZ 85298

Bridges at Gilbert Neighborhood

Estimated Value: $579,000 - $611,343

5 Beds
3 Baths
2,579 Sq Ft
$231/Sq Ft Est. Value

Last Sold January 30, 2023

Last sale price $540,000 $209 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,449/month

22 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • 2 Car Direct Access Garage
  • Power Ranch Elementary School Rated A-
  • Covered Patio or Porch
  • Fireplace

About This Home

As of January 2023

A wonderful redesigned 5 bed/3 full bath beautifully updated with designer touches throughout! From the minute you enter you are greeted with a touch of luxury, with lovely tiled flooring, wainscoting & elegant lighting which all flows through the main floor. The stunning gourmet kitchen features upgraded cabinets, island w/sink, stainless appliances, quartz countertops, tile backsplash & stainless range hood. As you head upstairs you are immediately greeted by a huge loft area, the huge master suite has a large walk in closet & bathroom with separate soaker tub & shower, dual sinks & all tile flooring. The other bedrooms are spacious & each have elegant touches. The backyard has lovely ambiance with covered patio, sitting area under the gazebo & a fire pit location overlooking the grass.

Last Agent to Sell the Property

Jason Penrose

eXp Realty License #BR518159000 Listed on: 12/02/2022

eXp Realty

Last Buyer's Agent

Teddy Shonka

HomeSmart License #SA645804000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,164

Year Built

  • Built in 2015

Lot Details

  • 5,400 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $110 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,579 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit

Schools

  • Bridges Elementary School
  • Sossaman Middle School
  • Higley High School

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 86
  • Assessor Parcel Number 304-73-578

Community Details

Overview

  • Association fees include ground maintenance
  • Bridges HOA, Phone Number (480) 921-7500
  • Built by Lennar
  • Bridges East Parcel 3 3 Subdivision

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,164

Year Built

Built in 2015

Lot Details

0

HOA Fees

$110 per month

Parking

2

Listing Details

  • Cross Street: Recker/Ocotillo
  • 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: 110.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2015
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2015
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2015
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2015
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2015
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2015
  • Updated Wiring: Full
  • Items Updated Wiring Yr Updated: 2015
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2015
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.12
  • Subdivision Name: BRIDGES EAST PARCEL 3-3
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 209.38
  • Association Fees:HOA Fee2: 330.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2579.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:Loft: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Fireplace Features:Fire Pit: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Other Structures: Gazebo
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas, Ceiling
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Association Fee: 330.0
  • Association Fee Frequency: Quarterly
  • Association Name: Bridges HOA
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Bridges HOA
  • Association Fees:Special Assessment HOA: No
  • 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: Bridges Elementary School
  • High School: Higley High School
  • Middle Or Junior School: Sossaman Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5400.0
  • Parcel #: 304-73-578

Building Info

  • Builder Name: Lennar

Tax Info

  • Tax Annual Amount: 2164.0
  • Tax Book Number: 304.00
  • Tax Lot: 86
  • Tax Map Number: 73.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Jan 30, 2023
Sold by
Madrid Renato
Bought by
Jaganathan Shanmuganathan
Seller's Agent
Jason Penrose
eXp Realty
Buyer's Agent
Teddy Shonka
HomeSmart
List Price
$574,900
Sold Price
$540,000
Premium/Discount to List
-$34,900
-6.07%
Views
38
Current Estimated Value
$594,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,836
Avg. Annual Appreciation
3.45%
Original Mortgage
$405,000
Outstanding Balance
$392,247
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$202,589

Purchase Details

Closed on
Sep 11, 2015
Sold by
Madrid Marife Aspillaga and Madrid Renato
Bought by
Aspillaga Madrid Renato and Aspillaga Madrid Marife

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,416
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2015
Sold by
Lennar Arizona Inc
Bought by
Madrid Renato

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,416
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jaganathan Shanmuganathan $540,000 Allied Title
Aspillaga Madrid Renato -- North American Title Company
Madrid Renato $282,690 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaganathan Shanmuganathan $405,000
Previous Owner Aspillaga Madrid Renato $286,416
Previous Owner Madrid Renato $286,416
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2023 01/30/23 Sold $540,000 -1.8% $209 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
12/16/2022 12/16/22 Price Changed $549,900 -4.3% $213 / Sq Ft
12/02/2022 12/02/22 For Sale $574,900 -- $223 / 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 $2,558 $28,662 -- --
2024 $2,694 $27,070 -- --
2023 $2,694 $45,230 $9,040 $36,190
2022 $2,164 $33,220 $6,640 $26,580
2021 $2,221 $30,450 $6,090 $24,360
2020 $2,268 $29,280 $5,850 $23,430
2019 $2,198 $26,680 $5,330 $21,350
2018 $2,121 $25,220 $5,040 $20,180
2017 $2,051 $24,410 $4,880 $19,530
2016 $2,050 $24,310 $4,860 $19,450
2015 $691 $5,904 $5,904 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Penrose

    Seller's Agent in 2023

    Jason Penrose

    eXp Realty

    (602) 738-9943

    1 in this area

    707 Total Sales

    Jason Penrose
    Section Image
  • Teddy Shonka

    Buyer's Agent in 2023

    Teddy Shonka

    HomeSmart

    (480) 390-9759

    2 in this area

    74 Total Sales

    Teddy Shonka
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6494844

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-73-578

Arizona Maricopa County Gilbert 85298 Bridges at Gilbert

5507 S Joshua Tree Ln, 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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