NOT LISTED FOR SALE

Estimated Value: $1,333,000 - $1,430,000

6 Beds
4.5 Baths
5,137 Sq Ft
$267/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $1,320,000 $257 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,267/month

9 Days on Market

Highlights

  • Lap Pool
  • Two Primary Bathrooms
  • Main Floor Primary Bedroom
  • Spectrum Elementary School Rated A
  • Mountain View
  • Private Yard

About This Home

As of May 2024

Welcome to luxury living at its finest in the heart of Gilbert! This impeccably maintained home offers an exceptional blend of space, style, and functionality. As you approach, manicured landscape, paver driveway and walkway set the tone and lead you to an inviting courtyard. This home boasts 6 bedrooms including 2 master bedrooms, 4.5 bathrooms, a den, a loft and upgrades galore.The gourmet kitchen comes equipped with top-of-the-line appliances, two islands, staggered cabinetry with crown molding, wall oven, microwave, gas cooktop, tile backsplash and large walk in pantry. Each bedroom features walk-in closets, custom-designed, providing ample storage.Step outside to discover your own private oasis, featuring a refreshing lap pool, covered patio with misters, built-in BBQ, bistro and landscape lighting, outdoor shower, all situated on a premium lot next to a serene wash.Additional highlights include rolling shutters for added security and energy efficiency, custom iron front door, oversized water heater, central vacuum and huge laundry room. Spacious four-car garage comes with built-in cabinets, overhead hanging storage, epoxy floors, outdoor shed and much more.Nestled in a sought-after neighborhood close to shopping, dining, parks, top-rated schools, with beautiful views of the San Tan Mountain and 5 minutes drive to SanTan Village, this home offers an unparalleled lifestyle you don't want to miss.

Last Agent to Sell the Property

Rohini Sud

Berkshire Hathaway HomeServices Arizona Properties License #SA653805000 Listed on: 04/12/2024

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Hemalatha Majeti

Lotus Real Estate License #SA646301000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,336

Year Built

  • Built in 2015

Lot Details

  • 0.29 Acre Lot
  • Block Wall Fence
  • Misting System
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Electric Vehicle Home Charger

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,137 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Roller Shields
  • Solar Screens
  • Mountain Views
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

  • Built-In Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Lap Pool
  • Pool Pump

Outdoor Features

  • Covered patio or porch
  • Outdoor Storage
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Water Purifier
  • High Speed Internet

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 203
  • Assessor Parcel Number 304-86-823

Community Details

Overview

  • Association fees include ground maintenance
  • City Property Mgmt Association, Phone Number (602) 437-4777
  • Built by Meritage
  • Estates At Velvendo Phase 2 Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,336

Year Built

Built in 2015

Lot Details

0

HOA Fees

$125 per month

Parking

4

Listing Details

  • Cross Street: Lindsay Rd & Bernie Ln
  • 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: 125.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2015
  • Tax Year: 2023
  • Directions: Head East on Bernie Ln, south on Heritage Dr, East on Bridgeport Pkwy. Property is on the right, first house after the wash.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.29
  • Subdivision Name: ESTATES AT VELVENDO PHASE 2
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 375.0
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Cooling:Central Air: Yes
  • Special Features: None

Interior Features

  • Flooring: Other, Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop, Water Purifier
  • Possible Bedrooms: 9
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Master Downstairs, Upstairs, Central Vacuum, Roller Shields, Kitchen Island, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 5137.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Solar Screens, Dual Pane
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Misting System, Private Yard, Storage, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Variable Speed Pump, Lap, Private
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Direct Access, Attch'd Gar Cabinets, Electric Vehicle Charging Station(s)
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Electric Vehicle Charging Station(s): Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat
  • Heating: ENERGY STAR Qualified Equipment, Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Biking/Walking Path
  • Association Fee: 375.0
  • Association Fee Frequency: Quarterly
  • Association Name: Velvendo
  • Phone: 602-437-4777 ext 2483
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Velvendo
  • Association Fees:HOA Telephone4: 602-437-4777 x2483
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 900.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 375.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: City Property Mgmt
  • Association Fees:HOA Management Phone: 602-437-4777 x2483

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Spectrum Elementary
  • High School: Campo Verde High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: South Valley Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12600.0
  • Parcel #: 304-86-823
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Meritage

Tax Info

  • Tax Annual Amount: 5336.0
  • Tax Book Number: 304.00
  • Tax Lot: 203
  • Tax Map Number: 86.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 31, 2024
Sold by
Marwaha Family Trust and Marwaha Raghu
Bought by
Rao Kiran Kumar and Rao Archana Kiran
Seller's Agent
Rohini Sud
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Hemalatha Majeti
Lotus Real Estate
List Price
$1,489,000
Sold Price
$1,320,000
Premium/Discount to List
-$169,000
-11.35%
Total Days on Market
9
Views
27
Current Estimated Value
$1,371,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,780
Avg. Annual Appreciation
3.88%
Original Mortgage
$1,056,000
Outstanding Balance
$1,047,284
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$324,496

Purchase Details

Closed on
Jul 27, 2017
Sold by
Marwaha Raghu and Marwaha Divya
Bought by
Marwaha Raghu and Marwaha Divya

Purchase Details

Closed on
Apr 6, 2015
Sold by
Meritage Homes Of Arizona Inc
Bought by
Marwaha Raghu and Marwaha Divya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$587,308
Interest Rate
3.71%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Rao Kiran Kumar $1,320,000 Title Services Corporation
Marwaha Raghu -- None Available
Marwaha Raghu $734,174 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rao Kiran Kumar $1,056,000
Previous Owner Marwaha Raghu $587,308
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,320,000 -11.3% $257 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/12/2024 04/12/24 Price Changed $1,489,000 0.0% $290 / Sq Ft
04/12/2024 04/12/24 For Sale $1,489,000 -- $290 / 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 $5,306 $66,971 -- --
2024 $5,336 $63,782 -- --
2023 $5,336 $92,660 $18,530 $74,130
2022 $5,164 $68,220 $13,640 $54,580
2021 $5,353 $65,620 $13,120 $52,500
2020 $5,266 $62,660 $12,530 $50,130
2019 $4,857 $61,830 $12,360 $49,470
2018 $4,716 $59,350 $11,870 $47,480
2017 $4,570 $57,660 $11,530 $46,130
2016 $4,740 $57,560 $11,510 $46,050
2015 $723 $7,952 $7,952 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6684521

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-86-823