NOT LISTED FOR SALE

988 E Lowell Ave Gilbert, AZ 85295

Southwest Gilbert Neighborhood

Estimated Value: $1,221,000 - $1,351,000

6 Beds
4 Baths
5,240 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $815,000 $156 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,300/month

41 Days on Market

Highlights

  • Heated Spa
  • RV Gated
  • Santa Barbara Architecture
  • Spectrum Elementary School Rated A
  • Main Floor Primary Bedroom
  • Corner Lot

About This Home

As of October 2019

Price Reduction! Spectacular home in the highly coveted ESTATES AT VELVENDO. Tons of space, both inside and out for anything you can possibly dream of. 6 bedrooms, 4 bathrooms, office, theater room, loft, living room, dining room. Gorgeous kitchen opens up into a huge great room. Downstairs office can be used as a mother-in-law suite. Incredible kids paradise upstairs with a giant loft for all the games and a theater room for all the movies. The fun continues in the backyard with a stunning oversized diving pool and spa, artificial grass play space, and concrete slab which can be used as a sport court. Plenty of parking in the 3 car garage and behind the RV gate. Great location close to freeway access, dining and shopping.

Last Agent to Sell the Property

Robert Lazor

ProSmart Realty License #SA643452000 Listed on: 07/25/2019

ProSmart Realty

Last Buyer's Agent

Bryce Henderson

Equity Arizona Real Estate License #BR645731000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,969

Year Built

  • Built in 2015

Lot Details

  • 0.29 Acre Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Artificial Turf
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $89 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Garage Door Opener
  • RV Gated

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 5,240 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bathroom is a Full Bathroom
  • 4 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Home Security

  • Security System Owned
  • Intercom

Pool

  • Heated Spa
  • Heated Pool
  • Pool Pump
  • Diving Board

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Propane
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 218
  • Assessor Parcel Number 304-86-828

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Velvendo HOA, Phone Number (480) 813-6788
  • Built by Meritage
  • Estates At Velvendo Phase 2 Subdivision

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,969

Year Built

Built in 2015

Lot Details

0

HOA Fees

$89 per month

Parking

3

Listing Details

  • Cross Street: Williams Field and Lindsay
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 89.25
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 6.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2015
  • Spa Private: Yes
  • Tax Year: 2018
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.29
  • Subdivision Name: ESTATES AT VELVENDO PHASE 2
  • Architectural Style: Santa Barbara/Tuscan
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 155.53
  • Association Fees:HOA Fee2: 89.25
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Utilities Butane Propane: 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: Heated, Private
  • Appliances: Electric Cooktop
  • Other Equipment: Intercom
  • Total Bedrooms: 6
  • Fireplace Features: Fire Pit
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 5240.0
  • Stories: 2
  • Window Features: Low-Emissivity Windows, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Other Rooms:Media Room: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Variable Speed Pump, Diving Pool, Heated, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Extended Length Garage, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 6.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

  • Utilities: Propane
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: 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

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Association Fee: 89.25
  • Association Fee Frequency: Monthly
  • Association Name: Velvendo HOA
  • Phone: 480-813-6788
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 175.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Velvendo HOA
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 357.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

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 #: 304-86-828

Building Info

  • Builder Name: Meritage

Tax Info

  • Tax Annual Amount: 3969.0
  • Tax Book Number: 304.00
  • Tax Lot: 218
  • Tax Map Number: 86.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Aug 23, 2019
Sold by
Johnson Michael W and Johnson Jennifer T
Bought by
Bradford Stephen and Bradford Alissa
Seller's Agent
Robert Lazor
ProSmart Realty
Buyer's Agent
Bryce Henderson
Equity Arizona Real Estate
List Price
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%
Current Estimated Value
$1,301,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,930
Avg. Annual Appreciation
7.78%
Original Mortgage
$733,500
Outstanding Balance
$641,082
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$660,848

Purchase Details

Closed on
Jan 3, 2019
Sold by
Johnson Michael and Johnson Jennifer
Bought by
Johnson Michael W and Johnson Jennifer T

Purchase Details

Closed on
Feb 6, 2015
Sold by
Meritage Homes Of Arizona Inc
Bought by
Johnson Michael and Johnson Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bradford Stephen $815,000 Empire West Title Agency Llc
Johnson Michael W -- None Available
Johnson Michael $655,241 Carefree Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradford Stephen $733,500
Previous Owner Johnson Michael $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2019 10/01/19 Sold $815,000 -1.2% $156 / Sq Ft
08/23/2019 08/23/19 Price Changed $825,000 -2.7% $157 / Sq Ft
08/15/2019 08/15/19 Price Changed $848,000 -0.1% $162 / Sq Ft
08/09/2019 08/09/19 Price Changed $849,000 -0.1% $162 / Sq Ft
07/25/2019 07/25/19 For Sale $850,000 -- $162 / 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 $4,671 $57,558 -- --
2024 $4,502 $54,817 -- --
2023 $4,502 $86,260 $17,250 $69,010
2022 $4,354 $64,130 $12,820 $51,310
2021 $4,517 $61,600 $12,320 $49,280
2020 $4,441 $58,970 $11,790 $47,180
2019 $4,090 $57,870 $11,570 $46,300
2018 $3,969 $55,150 $11,030 $44,120
2017 $3,843 $54,130 $10,820 $43,310
2016 $3,989 $49,470 $9,890 $39,580
2015 $723 $7,952 $7,952 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Robert Lazor

    ProSmart Realty

    (480) 540-2213

    15 Total Sales

    Robert Lazor
    Section Image
  • Bryce Henderson

    Buyer's Agent in 2019

    Bryce Henderson

    Equity Arizona Real Estate

    (602) 999-9874

    1 in this area

    143 Total Sales

    Bryce Henderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5956856

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-86-828

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

988 E Lowell Ave, 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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