NOT LISTED FOR SALE

577 E Ray Rd Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $1,411,000 - $1,474,000

6 Beds
3 Baths
2,973 Sq Ft
$489/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $1,460,000 $491 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,669/month

45 Days on Market

Highlights

  • Guest House
  • Arena
  • RV Access or Parking
  • Ashland Elementary School Rated A
  • Private Pool
  • Gated Parking

About This Home

As of December 2021

Stunning horse property for sale. Nestled in the heart of Gilbert, 2 acres + Horse property, guest house, workshop building with 2 studios awaits! 5 horse stalls, full arena, tack room, fully irrigated. Mature fruit trees with variety of plants, separate gardens along with a Victorian style greenhouse. Resort style swimming pool and spa perfect for entertaining. Enter the main house to soaring ceilings, spacious floor plan w/neutral colors, lots of natural light, a formal living/dining & a large stone fireplace. Family room ideal for entertainment and a welcoming renovated kitchen. Total of 6 bedrooms and 3 baths in the main house. Guest house has 1 bedroom, one bathroom. Workshop 24 x 50 has 2 studios inside, common area and a shared bathroom. This unique home has it all.

Last Agent to Sell the Property

Yenitza Feliciano

Keller Williams Realty Sonoran Living License #SA644270000 Listed on: 10/15/2021

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Yenitza Feliciano

My Home Group Real Estate License #SA644270000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,531

Year Built

  • Built in 1987

Lot Details

  • 1.94 Acre Lot
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Garage ceiling height seven feet or more
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Gated Parking
  • RV Access or Parking

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,973 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Vinyl Clad Windows
  • Living Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Pool

  • Private Pool
  • Fence Around Pool
  • Pool Pump
  • Diving Board
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Playground

Schools

  • Ashland Elementary School
  • South Valley Jr. High Middle School
  • Campo Verde High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Horse Stalls
  • Corral
  • Tack Room
  • Arena

Utilities

  • Zoned Heating and Cooling System
  • Cable TV Available

Additional Features

  • Guest House
  • Flood Irrigation

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 304-43-099-A

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Tierra Madre Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,531

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Ray & Lindsay
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2009
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2010
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2008
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2009
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2009
  • Updated Room Addition: Full
  • Items Updated Rm Adtn Yr Updated: 2010
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2010
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1987
  • Spa Private: Yes
  • Tax Year: 2020
  • Directions: East on Ray to 141st, go south, home on the east side.
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 1.94
  • Subdivision Name: TIERRA MADRE
  • Architectural Style: Ranch, Spanish
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • 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
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 8
  • Total Bedrooms: 6
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Vaulted Ceiling(s), Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 2973.0
  • Stories: 2
  • Window Features: Skylight(s), Dual Pane, Vinyl Frame
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:Loft: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Separate Workshop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Playground, Other, Private Yard, Storage
  • Lot Features: Corner Lot, Grass Front, Grass Back, Auto Timer H2O Front, Irrigation Front, Irrigation Back, Flood Irrigation
  • Pool Features: Variable Speed Pump, Diving Pool, Fenced, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail, Well Disclosure
  • Construction Type: Stucco, Wood Frame, Painted
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile, Metal
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: RV Access/Parking, Gated, RV Gate, Garage Door Opener, Attch'd Gar Cabinets, Over Height Garage, Rear Vehicle Entry, Separate Strge Area
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Rear Vehicle Entry: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Over Height Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:RV AccessParking: Yes
  • Parking Features:Gated2: Yes

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: Biking/Walking Path
  • 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: Ashland Elementary
  • High School: Campo Verde High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: South Valley Jr. High

Lot Info

  • Horse Amenities: Arena, Corral(s), Stall, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 84308.0
  • Parcel #: 304-43-099-A

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 4531.0
  • Tax Book Number: 304.00
  • Tax Lot: 23
  • Tax Map Number: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 30, 2021
Sold by
Scanlon Stacey E
Bought by
Scanlon Thomas D
Seller's Agent
Yenitza Feliciano
Keller Williams Realty Sonoran Living
Buyer's Agent
Yenitza Feliciano
Keller Williams Realty Sonoran Living
List Price
$1,777,000
Sold Price
$1,460,000
Premium/Discount to List
-$317,000
-17.84%
Current Estimated Value
$1,514,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,194
Avg. Annual Appreciation
-0.65%
Original Mortgage
$910,000
Outstanding Balance
$845,503
Interest Rate
3.11%
Estimated Equity
$580,565

Purchase Details

Closed on
May 10, 2018
Sold by
Reaves Hebert M
Bought by
Feliciano Yenitza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,300
Interest Rate
4.44%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 12, 2018
Sold by
Monzon Melvin and Feliciano Yenitza
Bought by
Feliciano Yenitza and Reaves Herbert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,300
Interest Rate
4.44%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 23, 2008
Sold by
Monzon Melvin and Feliciano Yenitza
Bought by
Monzon Melvin and Feliciano Yenitza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 19, 2007
Sold by
Bellows Wendy
Bought by
Monzon Melvin and Feliciano Yenitza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.21%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 18, 2003
Sold by
Bellows Wendy
Bought by
Bellows Wendy and The Wendy K Bellows Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2002
Sold by
Bellows Fred C and Bellows Wendy K
Bought by
Bellows Wendy and The Wendy K Bellows Revocable Trust

Purchase Details

Closed on
Nov 5, 2001
Sold by
Bellows Wendy
Bought by
Bellows Fred and Bellows Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.73%

Purchase Details

Closed on
Aug 21, 2001
Sold by
Bellows Fred and Bellows Wendy
Bought by
Bellows Wendy and The Wendy K Bellows Revocable Trust

Purchase Details

Closed on
Feb 1, 2001
Sold by
Bellows Wendy K
Bought by
Bellows Fred and Bellows Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.08%

Purchase Details

Closed on
Jul 27, 1999
Sold by
Bellows Wendy
Bought by
The Wendy K Bellows Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1996
Sold by
Howe Jerry Michael and Howe Michele Ann
Bought by
Howe Jerry Michael and Howe Michele Ann
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Scanlon Thomas D -- First American Title Ins Co
Scanlon Thomas D $1,460,000 First American Title Ins Co
Feliciano Yenitza -- None Available
Feliciano Yenitza -- Pioneer Title Agency Inc
Monzon Melvin -- None Available
Monzon Melvin $765,000 Magnus Title Agency
Bellows Wendy -- Security Title Agency
Bellows Wendy -- Security Title Agency
Bellows Wendy -- Security Title Agency
Bellows Wendy -- --
Bellows Fred -- First American Title
Bellows Wendy -- --
Bellows Fred -- First American Title
The Wendy K Bellows Revocable Trust -- Equity Title Agency
Bellows Wendy -- Equity Title Agency
Bellows Fred $310,000 Equity Title Agency
Howe Jerry Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scanlon Thomas D $910,000
Closed Scanlon Thomas D $910,000
Previous Owner Feliciano Yenitza $55,300
Previous Owner Feliciano Yenitza $55,300
Previous Owner Monzon Melvin $153,000
Previous Owner Monzon Melvin $76,500
Previous Owner Monzon Melvin $612,000
Previous Owner Bellows Wendy $277,500
Previous Owner Bellows Fred $275,000
Previous Owner Bellows Fred $252,000
Previous Owner Bellows Fred $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $1,460,000 -17.8% $491 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $1,777,000 -- $598 / 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 $4,551 $58,906 -- --
2024 $4,578 $56,101 -- --
2023 $4,578 $94,220 $18,840 $75,380
2022 $4,435 $69,650 $13,930 $55,720
2021 $4,608 $59,450 $11,890 $47,560
2020 $4,531 $62,770 $12,550 $50,220
2019 $4,167 $51,580 $10,310 $41,270
2018 $4,036 $52,020 $10,400 $41,620
2017 $3,884 $50,450 $10,090 $40,360
2016 $3,997 $50,820 $10,160 $40,660
2015 $3,592 $49,670 $9,930 $39,740
Source: Public Records

Agents Affiliated with this Home

  • Yenitza Feliciano

    Seller's Agent in 2021

    Yenitza Feliciano

    Keller Williams Realty Sonoran Living

    (480) 313-8300

    1 in this area

    33 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6308151

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-43-099A

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

577 E Ray Rd, Gilbert, AZ

This home is located at 577 E Ray Rd, Gilbert, AZ 85296 since 15 October 2021 and is currently estimated at $1,453,798, approximately $489 per square foot. This property was built in 1987. 577 E Ray Rd is a home located in Maricopa County with nearby schools including Ashland Elementary School, South Valley Jr. High School, and Campo Verde 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

Nearby Homes