NOT LISTED FOR SALE

Estimated Value: $472,000 - $505,000

3 Beds
2.5 Baths
1,454 Sq Ft
$335/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $520,000 $358 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,914/month

5 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Corner Lot
  • Islands Elementary School Rated A-
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of March 2022

Want a relaxing, low maintenance lifestyle in the sun ON THE WATER in Gilbert, Arizona? Your lakefront home is right on the water, plus it's only a 1 minute walk to the community pool! Enjoy a pool year round without having to take care of it. This beautiful, light-filled 3 bedroom, 2.5 bathroom home features a cozy living room with fireplace, granite countertops, and lake views from nearly every room. You'll love the walk to your bedroom each night where you'll see the moon shining brightly through the highest windows in the hallway! Go fishing right from your backyard, watch the families of ducks swim by, or wave at your neighbors as they drive by on their boats! This home and community have it all! The Islands has 80 acres of lakes and 30 acres of lush landscaping which provides an assortment of outdoor recreation, water activities, ramadas, and community events including concerts in the park, sand volleyball games, book clubs, bunco, coffee and conversation, and more! Plus restaurants and shopping are all walking distance from this gorgeous home. Come and see it today!

Last Agent to Sell the Property

Jenny Dunaway

Superlative Realty License #SA668012000 Listed on: 01/21/2022

Superlative Realty

Last Buyer's Agent

Heather Openshaw

Keller Williams Integrity First License #SA565143000

Keller Williams Integrity First

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1993

Lot Details

  • 2,505 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,454 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Family Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

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

Bedrooms and Bathrooms

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

Outdoor Features

  • Patio

Schools

  • Islands Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

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

Listing and Financial Details

  • Tax Lot 138
  • Assessor Parcel Number 302-96-800-A

Community Details

Overview

  • Association fees include ground maintenance
  • Laguna Shores Association, Phone Number (480) 759-4945
  • Islands Community Association, Phone Number (480) 551-4300
  • Association Phone (480) 551-4300
  • Cove At The Islands Lot 1 173 Tr A Z Aa Dd Subdivision
  • Community Lake

Amenities

  • Recreation Room

Recreation

  • Community Pool
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,658

Year Built

Built in 1993

Lot Details

0

HOA Fees

$249 per month

Parking

2

Listing Details

  • Cross Street: Cooper Rd & Warner Rd
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Islands Community
  • HOA #2 Phone Number: 480-551-4300
  • HOA #2 Transfer Fee: 764.0
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 248.67
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1993
  • Tax Year: 2021
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.06
  • Subdivision Name: COVE AT THE ISLANDS LOT 1-173 TR A-Z AA-DD
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 357.63
  • Association Fees:HOA Fee2: 182.0
  • 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

  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1454.0
  • Stories: 2
  • Window Features: Skylight(s)
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Lot Features: Waterfront Lot, Corner Lot, Desert Back, Desert Front, Cul-De-Sac, Gravel/Stone Front, Gravel/Stone Back, Grass Back
  • Pool Features: None
  • Waterfront: Yes
  • 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: 2.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: 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: Lake, Community Pool, Biking/Walking Path
  • Association #2 Fee: 400.0
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee: 182.0
  • Association Fee Frequency: Monthly
  • Association: Islands Community
  • Association Name: Laguna Shores
  • Association Phone #2: 480-551-4300
  • Phone: 480-759-4945
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Laguna Shores
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 449.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Semi-Annually
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Islands Elementary School
  • 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: 2505.0
  • Parcel #: 302-96-800-A

Building Info

  • Builder Name: N/A

Tax Info

  • Tax Annual Amount: 1658.0
  • Tax Book Number: 302.00
  • Tax Lot: 138
  • Tax Map Number: 96.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Feb 22, 2022
Sold by
Lovins and Christa
Bought by
Kennedy Alexander
Seller's Agent
Jenny Dunaway
Superlative Realty
Buyer's Agent
Heather Openshaw
Keller Williams Integrity First
List Price
$475,000
Sold Price
$520,000
Premium/Discount to List
$45,000
9.47%
Current Estimated Value
$487,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,463
Avg. Annual Appreciation
-1.64%
Original Mortgage
$521,730
Outstanding Balance
$484,466
Interest Rate
3.55%
Mortgage Type
VA
Estimated Equity
$2,986

Purchase Details

Listed on
Nov 8, 2018
Closed on
Dec 28, 2018
Sold by
R & L Brautigam Holdings Ltd
Bought by
Lovins Scott and Lovins Christa
Seller's Agent
Corey Poore
RE/MAX Alliance Group
Buyer's Agent
Colette Caspian
DeLex Realty
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.87%
Original Mortgage
$266,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2002
Sold by
Lake Mead Holding Ltd
Bought by
1020483 Alberta Ltd

Purchase Details

Closed on
Nov 21, 2002
Sold by
Lake Mead Holding Ltd
Bought by
955425 Alberta Ltd

Purchase Details

Closed on
Apr 14, 1997
Sold by
Chesbro Chester W and Chesbro Pamela J
Bought by
Lake Mead Holding Ltd and Amercan Management & Investments

Purchase Details

Closed on
May 13, 1994
Sold by
The New Cove Properties Ltd Partnership
Bought by
Chesbro Chester W and Chesbro Pamela J
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
Kennedy Alexander $520,000 New Title Company Name
Lovins Scott $280,000 American Title Service Agenc
1020483 Alberta Ltd -- --
955425 Alberta Ltd -- --
Lake Mead Holding Ltd $134,500 Lawyers Title Of Arizona Inc
Chesbro Chester W $99,445 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Alexander $521,730
Previous Owner Lovins Scott $266,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2022 03/01/22 Sold $520,000 +9.5% $358 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $475,000 +69.6% $327 / Sq Ft
01/15/2019 01/15/19 Sold $280,000 -1.8% $193 / Sq Ft View Prior Sale
12/06/2018 12/06/18 Pending -- -- --
11/16/2018 11/16/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $285,000 -- $196 / 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 $1,592 $22,200 -- --
2024 $1,618 $21,143 -- --
2023 $1,618 $33,770 $6,750 $27,020
2022 $1,569 $27,920 $5,580 $22,340
2021 $1,658 $24,880 $4,970 $19,910
2020 $1,632 $23,200 $4,640 $18,560
2019 $1,500 $21,950 $4,390 $17,560
2018 $1,747 $21,210 $4,240 $16,970
2017 $1,690 $19,200 $3,840 $15,360
2016 $1,733 $19,500 $3,900 $15,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6344299

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-96-800A