NOT LISTED FOR SALE

Estimated Value: $623,816 - $724,000

5 Beds
3 Baths
2,566 Sq Ft
$259/Sq Ft Est. Value

Last Sold November 07, 2017

Last sale price $322,500 $126 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,733/month

117 Days on Market

Highlights

  • Community Lake
  • Santa Fe Architecture
  • Tennis Courts
  • Weinberg Gifted Academy Rated A+
  • Granite Countertops
  • Eat-In Kitchen

About This Home

As of November 2017

Property Description:
Fabulous 5bed/3bath Home in the sought after Layton Lakes community. Freshly painted home with new carpeting. This Smart Floor-Plan includes Generous master suite, Separate Tub & Shower, Dual Sinks & large Walk-in Closet. Home features Bedroom and Full Bath downstairs, Upstairs Laundry and Large Loft! Open Kitchen with recessed lighting, cabinetry with detailed crown molding, upgraded stainless steel appliances, breakfast bar/island and pantry. Backyard with Covered Patio and Pavers. Excellent neighborhood with playgrounds & neighborhood parks! Home is in the #1 school district in AZ Moments from the 202 freeway, San Tan Village
- Thriving well maintained community in Gilbert located at NW side of Lindsay Rd and Queen Creek Rd.
- Amazing location!
- Only 1-2 minutes from SanTan 202 freeway.
- Less than 5 minutes from Mercy Gilbert Hospital, Santan Shopping Mall, Costco, Lowes, Home Depot, Trader Joes, Sprouts, Public Library, Movie theaters, Target, Restaurants, all major banks and so much more. Walking distance to Church. Kumon is right on the next intersection.
- Nearest schools: Weinberg and Haley elementary, Campo Verde Junior High, Perry high school. Chandler Unified School District.
- Tons of amenities for Layton Lakes residents such as a splash pad, multiple playgrounds, catch and release fishing lake, plush green areas, walking trails, and much more!
- If you are thinking of luxury and convenience, this house has everything you need.

Home Features:
- 5br/3ba, Living, Family, Kitchen. Two story. 2,566 sqft. Built 2012.
- Gourmet kitchen with upgraded cabinet, stainless steel appliances and granite counter top.
- Master bathroom w/ garden tub, double sink, and a separate walk-in shower.
- Large family room with lots of windows and a sliding door for light and back yard view.
- Refrigerator is included.
- Wooden blinds installed throughout the house.
- Upgraded insulation and Low-Energy windows save on your energy bill.
- Ceiling fans installed in bedrooms, family room, living room and loft to save on energy bill. Decorative lamps installed in the patio.
- Low maintenance front and back yard.
- Big backyard and side-yards in the large lot size.
- 2-car garage.
- Additional storage space under the staircase.
- All appliances come with full warranty
Lease Terms:
- 1.5% Gilbert city residential rental tax applies until December 2024. No rental tax after that.
- Utilities: Tenant pays for electricity, gas (water heating), Gilbert utility (water, sewer, recycle)
- Smoking: This is a non-smoking house.
- Pets: Only well trained dogs and cats (no wild animals!)
- Security deposit: Equal to one month's rent, fully refundable.
- Pet fee: $150/cat and $250/dog.
- Credit check fees: $35/per adult.
- Landscaping: Tenant maintains it.
- Owner pays monthly HOA fees

Last Agent to Sell the Property

Liz Morganroth

Mosaic Property Management License #BR574075000 Listed on: 06/03/2017

Last Buyer's Agent

Khan Islam

Keller Williams Realty Sonoran Living License #BR660039000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,395

Year Built

  • Built in 2012

Lot Details

  • 7,074 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence

Parking

  • 2 Car Garage

Home Design

  • Santa Fe Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,566 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Schools

  • Weinberg Elementary School
  • Willie & Coy Payne Jr. High Middle School
  • Perry High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 304-58-246

Community Details

Overview

  • Property has a Home Owners Association
  • Aam Association, Phone Number (602) 957-9191
  • Built by Lennar
  • Layton Lakes Parcel 8 Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,395

Year Built

Built in 2012

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Lindsey & Queen Creek
  • Legal Info Range: 6E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 91.67
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2012
  • Tax Year: 2016
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.16
  • Subdivision Name: LAYTON LAKES PARCEL 8
  • Architectural Style: Territorial/Santa Fe
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 125.68
  • Association Fees:HOA Fee2: 275.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Walk-In Closet(s), Eat-in Kitchen, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 2566.0
  • Stories: 2
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Back, Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included, Upper Level
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Lake Subdivision, Tennis Court(s), Biking/Walking Path
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee Frequency: Quarterly
  • Association Name: Layton Lakes
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Layton Lakes
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 275.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Schools

  • Elementary School: Weinberg Elementary School
  • High School: Perry High School
  • Middle Or Junior School: Willie & Coy Payne Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7074.0
  • Parcel #: 304-58-246
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Lennar

Tax Info

  • Tax Annual Amount: 2395.0
  • Tax Book Number: 304.00
  • Tax Lot: 8
  • Tax Map Number: 58.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2017
Closed on
Nov 2, 2017
Sold by
Dasharathi Niranjani and Srinivasan Raghav Desikan
Bought by
Shams Shaikh Arif and Enayet Sabira
Seller's Agent
Liz Morganroth
Mosaic Property Management
Buyer's Agent
Khan Islam
Keller Williams Realty Sonoran Living
List Price
$355,000
Sold Price
$322,500
Premium/Discount to List
-$32,500
-9.15%
Current Estimated Value
$665,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,204
Avg. Annual Appreciation
9.30%
Original Mortgage
$241,850
Outstanding Balance
$202,552
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$463,152

Purchase Details

Closed on
Aug 16, 2012
Sold by
Lennar Arizona Inc
Bought by
Disharathi Niranjani and Srinivasan Raghav Desikan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,190
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2012
Sold by
Lennar Layton Llc
Bought by
Lennar Arizona Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Shams Shaikh Arif $322,500 Security Title Agency Inc
Disharathi Niranjani $255,190 North American Title Company
Lennar Arizona Inc $781,055 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shams Shaikh Arif $241,850
Previous Owner Disharathi Niranjani $165,190
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2024 12/12/24 Off Market $2,699 -- --
11/08/2024 11/08/24 Price Changed $2,699 -1.9% $1 / Sq Ft
10/28/2024 10/28/24 Price Changed $2,750 -1.6% $1 / Sq Ft
10/16/2024 10/16/24 For Rent $2,795 0.0% --
11/07/2017 11/07/17 Sold $322,500 -4.3% $126 / Sq Ft
09/08/2017 09/08/17 Price Changed $337,000 -1.6% $131 / Sq Ft
09/01/2017 09/01/17 Price Changed $342,500 -0.7% $133 / Sq Ft
07/27/2017 07/27/17 Price Changed $345,000 -1.4% $134 / Sq Ft
06/19/2017 06/19/17 Price Changed $349,900 -1.4% $136 / Sq Ft
06/03/2017 06/03/17 For Sale $355,000 0.0% $138 / Sq Ft
06/05/2014 06/05/14 Rented $1,695 0.0% --
05/19/2014 05/19/14 Under Contract -- -- --
05/08/2014 05/08/14 For Rent $1,695 -- --
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 $2,937 $31,176 -- --
2024 $2,833 $29,692 -- --
2023 $2,833 $45,000 $9,000 $36,000
2022 $2,745 $33,310 $6,660 $26,650
2021 $2,817 $31,710 $6,340 $25,370
2020 $2,800 $29,520 $5,900 $23,620
2019 $2,700 $27,270 $5,450 $21,820
2018 $2,623 $25,110 $5,020 $20,090
2017 $2,474 $24,360 $4,870 $19,490
2016 $2,362 $24,670 $4,930 $19,740
2015 $2,289 $23,130 $4,620 $18,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5614872

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-58-246