$515,000
SOLD MAY 15, 2025
3 Beds
2 Baths
1,479 Sq Ft
4,591 Sq Ft Lot

Recently Sold

$348 Per Sq Ft

5 Days on Market

Highlights

  • Waterfront
  • 1 Fireplace
  • Eat-In Kitchen
  • Gilbert Elementary School Rated A-
  • Granite Countertops
  • ENERGY STAR Qualified Appliances

About This Home

As of May 2025

Just a 3-minute drive from the heart of downtown Gilbert, this beautifully renovated single-story home offers a serene escape with stunning lakefront views. Nestled right on the tranquil Lago Estancia Community lake, you can enjoy fishing from your very own backyard. With vaulted ceilings and an abundance of natural light, the open-concept living space creates a bright and inviting atmosphere, perfect for both relaxation and entertaining. The home features a fully updated interior, including a brand new roof, and boasts 3-bedrooms and 2-bathrooms. Enjoy dining with views of the lake or step outside to unwind by the water. This home blends comfort, style, and an unbeatable location for those seeking a peaceful lakeside lifestyle just minutes from everything Gilbert has to offer!

Last Agent to Sell the Property

Nicolas Palladino

Realty Executives License #SA690684000 Listed on: 04/09/2025

Realty Executives

Co-Listed By

Lenny Behie

Realty Executives License #SA646088000

Last Buyer's Agent

Bonnie Gallagher

HomeSmart License #SA664910000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 1993

Lot Details

  • 4,591 Sq Ft Lot
  • Waterfront
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Artificial Turf
  • Front Yard Sprinklers

HOA Fees

  • $86 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,479 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Bathtub With Separate Shower Stall

Schools

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

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Community Details

  • Association fees include ground maintenance
  • Lago Estancia Association, Phone Number (480) 844-2224
  • Parcels 11,12 & 13 Of Lago Estancia Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 302-35-133

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,049

Year Built

Built in 1993

Lot Details

0

HOA Fees

$86 per month

Parking

2

Listing Details

  • Cross Street: Gilbert / Warner
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 86.0
  • 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: 2024
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.11
  • Co List Office Mls Id: reax33
  • Co List Office Phone: 623-561-8800
  • Subdivision Name: PARCELS 11,12 & 13 OF LAGO ESTANCIA
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 86.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Eat-in Kitchen, Breakfast Bar, Separate Shwr & Tub
  • Living Area: 1479.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Lot Features: Waterfront Lot, Desert Back, Desert Front, Synthetic Grass Back, Irrigation Front
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric, Ceiling
  • Laundry Features: Engy Star (See Rmks), Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Association Fee: 86.0
  • Association Fee Frequency: Monthly
  • Association Name: Lago Estancia
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Lago Estancia
  • Association Fees:HOA Telephone4: 480.844.2224
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 172.0
  • Association Fees:Disclosure Fees HOA: 190.0
  • Association Fees:Other Fees HOA: 185.0
  • Association Fees:Other Fees Description: Resale
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Gilbert Elementary School
  • High School: Gilbert 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: 4591.0
  • Parcel #: 302-35-133

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1049.0
  • Tax Book Number: 302.00
  • Tax Lot: 25
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2025
Closed on
May 13, 2025
Sold by
Ngp Asset Management Group Llc
Bought by
Pardis Herud and Pardis Homan
Seller's Agent
Nicolas Palladino
Realty Executives
Buyer's Agent
Bonnie Gallagher
HomeSmart
List Price
$514,750
Sold Price
$515,000
Premium/Discount to List
$250
0.05%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-48.83%
Original Mortgage
$412,000
Outstanding Balance
$412,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$53,760

Purchase Details

Listed on
Sep 20, 2024
Closed on
Feb 26, 2025
Sold by
Lewis Melvyn James and Mccollum Stephanie
Bought by
Wheelhouse Properties Inc
Seller's Agent
Danny Kallay
Compass
Buyer's Agent
Alan Kittelman
Venture REI, LLC
List Price
$475,000
Sold Price
$410,000
Premium/Discount to List
-$65,000
-13.68%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
196.17%
Original Mortgage
$353,700
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2024
Closed on
Feb 25, 2025
Sold by
Wheelhouse Properties Inc
Bought by
Ngp Asset Management Group Llc
Seller's Agent
Danny Kallay
Compass
Buyer's Agent
Alan Kittelman
Venture REI, LLC
List Price
$475,000
Sold Price
$410,000
Premium/Discount to List
-$65,000
-13.68%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,700
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2006
Sold by
Lewis Melvyn
Bought by
Lewis Melvyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 14, 2006
Sold by
Lewis Melvyn and Lewis Sandra
Bought by
Lewis Melvyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2004
Sold by
Taber Paul
Bought by
Lewis Melvyn and Lewis Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,680
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1998
Sold by
Taber Paul and Taber Michealle
Bought by
Taber Paul and Taber Michealle
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $515,000 Title Services Of The Valley
Warranty Deed $410,000 None Listed On Document
Warranty Deed $390,000 Investors Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Equity Title Agency
Warranty Deed $172,100 Guaranty Title Agency
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,000 New Conventional
Previous Owner $353,700 New Conventional
Previous Owner $285,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $60,000 Credit Line Revolving
Previous Owner $141,000 New Conventional
Previous Owner $137,680 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $515,000 0.0% $348 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
04/09/2025 04/09/25 For Sale $514,750 +25.5% $348 / Sq Ft
02/28/2025 02/28/25 Sold $410,000 -8.9% $277 / Sq Ft
11/23/2024 11/23/24 Price Changed $450,000 -5.3% $304 / Sq Ft
10/15/2024 10/15/24 For Sale $475,000 +15.9% $321 / Sq Ft
09/20/2024 09/20/24 Off Market $410,000 -- --
09/20/2024 09/20/24 For Sale $475,000 -- $321 / 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 $1,049 $14,262 -- --
2024 $1,108 -- -- --
2023 $1,108 $16,700 $3,340 $13,360
2022 $1,127 $16,700 $3,340 $13,360
2021 $1,248 $23,830 $4,760 $19,070
2020 $1,290 $21,730 $4,340 $17,390
2019 $1,180 $20,180 $4,030 $16,150
2018 $983 $16,700 $3,340 $13,360
2017 $995 $16,700 $3,340 $13,360
2016 $1,004 $16,700 $3,340 $13,360
2015 $1,329 $16,700 $3,340 $13,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6848937

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-133