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Gilbert 85296 Lindsay Ranch
1123 E CONSTITUTION Drive
Photo of 1123 E CONSTITUTION Drive
Sold on Sep 16, 2025

65

Map

Photo of 1123 E CONSTITUTION Drive
Photo of 1123 E CONSTITUTION Drive
$487,000
● House - Off Market

1123 E CONSTITUTION Drive

Gilbert, AZ 85296
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,136 Ft²
$3,112
Est. Monthly
$142
HOA / Fees
4.08%
Cap Rate

About This Property

Showcasing charm and beautiful curb appeal, this well-maintained 2,179 sq. ft. home offers the perfect blend of comfort and style! Featuring 3 bedrooms, 2 baths, and a versatile den ideal for a home office or guest space, this residence boasts vaulted ceilings, large glass windows with solar screens, and a cozy gas fireplace in the living room. The open kitchen is perfect for gatherings, while the spacious primary suite offers direct backyard access. Enjoy notable upgrades including a newer water heater and HVAC (both approx. 2023) and brand new LVP flooring in the family room, office, hallway and master bedroom. Step outside to a covered patio overlooking a sparkling pool with a custom waterfall - your own private oasis! Featuring a 3-car garage and convenient location near vibrant downtown Gilbert, San Tan Mall, and with easy access to US-60 and Loop 202. You don't want to miss out on this fantastic home!
Unit Size
2,136 Ft²
Days on Market
27 days
Land Size
0.17 acres
Price per sqft
$268
Property Type
House
Property Taxes
$161
HOA Dues
$142
Year Built
1997

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (ARMLS #6905598)

Price History

Date / Event Date Event Price
Sep 16, 2025 Sold
Premium
Sold
Aug 26, 2025 In contract -
In contract
Aug 13, 2025 Listed by My Home Group Real Estate $571,985
Listed by My Home Group Real Estate
Sep 22, 2015 Sold
Premium
Sold
Jul 6, 2015 Listed by My Home Group Real Estate $299,900
Listed by My Home Group Real Estate
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,314
  • Total Building Area: 2,136
  • Gross Building Area: 2,136
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINDSAY RANCH UNIT 3
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: LINDSAY RANCH UNIT 3 MCR 377-21

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 814500

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 37721
  • Parcel: 304-25-603
  • Lot: 414
  • Meridian: SEC 20 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3223
  • Longitude: -111.766

    Address

  • Full Address: 1123 E Constitution Dr
  • Address - House Number: 1123
  • Street Direction: E
  • Address - Street Name: Constitution
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R056
  • 4-Digit Zip Code: 9731
  • Zip Code: 85296

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $194,190
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1427
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 599,326
  • High Value: 684,894
  • Low Value: 513,758

    Market Valuation

  • Market Total Value: $412,200
  • Market Land Value: $82,400
  • Market Improvement Value: $329,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,220
  • Assessed Land Value: $8,240
  • Assessed Improvements Value: $32,980

    Sales

  • Current Sale Contract Date: Sep 16, 2015
  • Current Sale Recording Date: Sep 22, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015-0680471
  • Previous Sale Recording Date: Jul 29, 1997
  • Previous Sale Contract Date: Jul 23, 1997
  • Previous Sale Amount: $159,076
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lindsay Ranch

Stats & Trends

Median Asking:

$582,450

Sale Price/ft²

$283

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1675 ft²

Average Home Age

29.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1723 E Erie Street, Gilbert, AZ, 85295

$2,395 /mo

  • 3 Beds
  • 2 Baths
  • 1,655 ft²
1723 E Erie Street, Gilbert, AZ, 85295 Listing by Chad Hagenson
Unit for rent at 873 E Saratoga Street, Gilbert, AZ, 85296

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,745 ft²
873 E Saratoga Street, Gilbert, AZ, 85296 Listing by Derek Meins
Unit for rent at 2481 E Fairview Street, Chandler, AZ, 85225

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,713 ft²
2481 E Fairview Street, Chandler, AZ, 85225 Listing by Christopher Lopez

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6905598
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1123 East Constitution Drive built and last sold?
The property at 1123 East Constitution Drive was built in 1997 and last sold on Sep 16, 2015 for $299,900.
How much is this home worth?
The estimated value of the home located at 1123 East Constitution Drive is $0.
What are some comparable homes to 1123 East Constitution Drive?
There are currently no comparable homes to 1123 East Constitution Drive.
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