NOT LISTED FOR SALE

901 E Frances Ln Gilbert, AZ 85295

San Tan Village Neighborhood

Estimated Value: $687,000 - $712,000

4 Beds
2.5 Baths
2,855 Sq Ft
$245/Sq Ft Est. Value

Last Sold February 11, 2020

Last sale price $385,000 $135 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,036/month

62 Days on Market

Highlights

  • 0.22 Acre Lot
  • Granite Countertops
  • Covered Patio or Porch
  • Spectrum Elementary School Rated A
  • Private Yard
  • Double Pane Windows

About This Home

As of February 2020

Back on the Market 1/11/20. GREAT SINGLE LEVEL HOME in an ideal Gilbert location! 4-BEDROOMS, 2.5-BATHROOMS. Many upgrades; Island kitchen with Granite counters, tile, large landscaped lot. MOVE-IN READY!

Last Agent to Sell the Property

JoAnn Marrese

Unique Homes Realty, Inc License #BR116051000 Listed on: 11/13/2019

Last Buyer's Agent

Yun Lin

My Home Group Real Estate License #SA651644000

My Home Group Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,175

Year Built

  • Built in 2005

Lot Details

  • 9,600 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Private Yard

HOA Fees

  • $72 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,855 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Schools

  • Spectrum Elementary School
  • Mesquite Elementary School - Gilbert Middle School
  • Highland Elementary School

Utilities

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

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • Association fees include ground maintenance
  • Ccmc Association, Phone Number (480) 921-7500
  • Built by Spectrum Development
  • Spectrum At Val Vista Parcel 19 Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 304-45-326

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,175

Year Built

Built in 2005

Lot Details

0

HOA Fees

$72 per month

Parking

3

Listing Details

  • Cross Street: LINDSAY/PECOS
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 72.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2019
  • Master Model: Unknown
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.22
  • Subdivision Name: SPECTRUM AT VAL VISTA PARCEL 19
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 134.85
  • Association Fees:HOA Fee2: 216.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2855.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • 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:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • 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

  • Association Fee: 216.0
  • Association Fee Frequency: Quarterly
  • Association Name: Spectrum @ Val Vista
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 432.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Spectrum @ Val Vista
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: CCMC
  • Association Fees:HOA Management Phone: 480-921-7500
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Spectrum Elementary
  • High School: Highland Elementary School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Elementary School - Gilbert

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9600.0
  • Parcel #: 304-45-326

Building Info

  • Builder Name: Spectrum Development

Tax Info

  • Tax Annual Amount: 3175.0
  • Tax Book Number: 304.00
  • Tax Lot: 2
  • Tax Map Number: 45.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Feb 10, 2020
Sold by
Zhen Yun Lin
Bought by
Zheng Minjing
Seller's Agent
JoAnn Marrese
Unique Homes Realty, Inc
Buyer's Agent
Yun Lin
My Home Group Real Estate
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Current Estimated Value
$699,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,825
Avg. Annual Appreciation
10.69%
Original Mortgage
$266,000
Outstanding Balance
$236,148
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$463,350

Purchase Details

Listed on
Nov 13, 2019
Closed on
Feb 6, 2020
Sold by
Nito Enterprises
Bought by
Zheng Min Jing
Seller's Agent
JoAnn Marrese
Unique Homes Realty, Inc
Buyer's Agent
Yun Lin
My Home Group Real Estate
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Outstanding Balance
$236,148
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$463,350

Purchase Details

Closed on
Jul 11, 2006
Sold by
Demarco Joseph M and Demarco Cynthia A
Bought by
Nito Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 26, 2006
Sold by
Silverado At Spectrum Development Llc
Bought by
Demarco Joseph M and Demarco Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 21, 2003
Sold by
Specres Inc
Bought by
Summerset Marketing Enterprises Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zheng Minjing -- Driggs Title Agency Inc
Zheng Min Jing $385,000 Driggs Title Agency Inc
Nito Enterprises -- None Available
Demarco Joseph M $583,532 Security Title Agency Inc
Summerset Marketing Enterprises Inc $3,239,493 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Minjing $266,000
Previous Owner Demarco Joseph M $464,000
Closed Summerset Marketing Enterprises Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2020 02/11/20 Sold $385,000 -3.5% $135 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
01/10/2020 01/10/20 Price Changed $399,000 +2.3% $140 / Sq Ft
12/23/2019 12/23/19 Price Changed $390,000 -2.3% $137 / Sq Ft
12/05/2019 12/05/19 Price Changed $399,000 -3.9% $140 / Sq Ft
12/02/2019 12/02/19 Price Changed $415,000 -1.2% $145 / Sq Ft
11/22/2019 11/22/19 Price Changed $420,000 -1.2% $147 / Sq Ft
11/13/2019 11/13/19 For Sale $425,000 0.0% $149 / Sq Ft
03/21/2017 03/21/17 Rented $1,750 0.0% --
02/08/2017 02/08/17 For Rent $1,750 0.0% --
02/26/2016 02/26/16 Rented $1,750 0.0% --
12/17/2015 12/17/15 Price Changed $1,750 -2.5% $1 / Sq Ft
12/01/2015 12/01/15 Price Changed $1,795 -2.7% $1 / Sq Ft
10/22/2015 10/22/15 For Rent $1,845 -- --
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 $3,568 $38,700 -- --
2024 $3,454 $36,857 -- --
2023 $3,454 $51,900 $10,380 $41,520
2022 $3,360 $38,960 $7,790 $31,170
2021 $3,467 $37,380 $7,470 $29,910
2020 $3,415 $34,970 $6,990 $27,980
2019 $3,175 $34,220 $6,840 $27,380
2018 $3,086 $34,700 $6,940 $27,760
2017 $2,986 $33,080 $6,610 $26,470
2016 $3,039 $32,800 $6,560 $26,240
2015 $2,789 $30,130 $6,020 $24,110
Source: Public Records

Agents Affiliated with this Home

  • JoAnn Marrese

    Seller's Agent in 2020

    JoAnn Marrese

    Unique Homes Realty, Inc

    (602) 326-3312

    197 Total Sales

    JoAnn Marrese
    Section Image

  • Y

    Buyer's Agent in 2020

    Yun Lin

    My Home Group

    (480) 686-7008

    18 Total Sales

    Yun Lin
    Section Image

  • N

    Seller's Agent in 2017

    Neica Adkins

    Infinity & Associates Real Estate

    Section Image
  • Duane Louton

    Buyer's Agent in 2016

    Duane Louton

    eXp Realty

    (480) 313-4782

    21 Total Sales

    Duane Louton
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6004039

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-45-326

Arizona Maricopa County Gilbert 85295 San Tan Village

901 E Frances 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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