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Gilbert 85233 The Islands
1149 W IRIS Drive
Photo of 1149 W IRIS Drive
Sold on Oct 28, 2026

67

Map

Photo of 1149 W IRIS Drive
Photo of 1149 W IRIS Drive
$735,000
● House - Off Market

1149 W IRIS Drive

Gilbert, AZ 85233
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,371 Ft²
$4,599
Est. Monthly
$701
HOA / Fees

About This Property

Welcome to your resort-style retreat in Gilbert's highly desirable Island LAKE community! OPEN Light and BRIGHT Set on a premium corner lot with north/south exposure, this 4-bed, 2-bath open-concept home has been thoughtfully upgraded top to bottom: newer roof, windows, AC, electric fireplace, larger kitchen island, smart pantry, and updated flooring throughout.  Large Kitchen Island and walk in Pantry But the backyard steals the show -- an oversized paver patio with heaters and misters, Great POOL built-in BBQ, dual TVs, ceiling fans, a separate lighted gazebo, custom umbrellas, and a basketball hoop create the ultimate entertainer's paradise. Move-in ready with nothing left to do but enjoy- Tennis Courts in Neighborhood as well as bike paths and Parks
Unit Size
2,371 Ft²
Days on Market
91 days
Land Size
0.20 acres
Price per sqft
$316
Property Type
House
Property Taxes
$215
HOA Dues
$701
Year Built
1990

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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: 10 days ago (ARMLS #7058992)

Price History

Date / Event Date Event Price
Oct 28, 2026 Sold
Premium
Sold
Oct 5, 2026 In contract -
In contract
Jul 25, 2026 Listed by West USA Realty $749,900
Listed by West USA Realty
Jun 20, 2016 Sold
Premium
Sold
Apr 7, 2016 Listed by West USA Realty $350,000
Listed by West USA Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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: 4
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 8,682
  • Total Building Area: 2,371
  • Gross Building Area: 2,371
  • Building Area: 2,371
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,371
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINDHAVEN UNIT 3
  • Land Acres: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: WINDHAVEN UNIT 3 MCR 319-34

Neighborhood

  • School District Name: Chandler Unified District
  • Census Tract: 814200

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 31934
  • Parcel: 302-98-329
  • Lot: 137
  • Meridian: SEC 23 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3299
  • Longitude: -111.817

    Address

  • Full Address: 1149 W Iris Dr
  • Legal Unit: 3
  • Address - House Number: 1149
  • Street Direction: W
  • Address - Street Name: Iris
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R027
  • 4-Digit Zip Code: 7920
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $249,330
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 800600

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 675,649
  • High Value: 767,088
  • Low Value: 584,210

    Market Valuation

  • Market Total Value: $478,100
  • Market Land Value: $95,600
  • Market Improvement Value: $382,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,810
  • Assessed Land Value: $9,560
  • Assessed Improvements Value: $38,250

    Sales

  • Current Sale Contract Date: Jun 14, 2016
  • Current Sale Recording Date: Jun 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-0427043
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 The Islands

Stats & Trends

Median Asking:

$587,450

Sale Price/ft²

$292

Below Asking

0.02%

Average Days on Market

96

Average Home Size

2201 ft²

Average Home Age

33.5 years

Currently For Sale

32 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 926 W San Mateo --, Gilbert, AZ, 85233

$5,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,667 ft²
926 W San Mateo --, Gilbert, AZ, 85233 Listing by Judith Crane
Unit for rent at 211 S Dakota Street, Chandler, AZ, 85225

$7,950 /mo

  • 3 Beds
  • 2,315 ft²
211 S Dakota Street #2, Chandler, AZ, 85225 Listing by Nicky Hughes
Unit for rent at 501 E Erie Street, Chandler, AZ, 85225

$1,695 /mo

  • 2 Beds
  • 1 Bath
  • 1,464 ft²
501 E Erie Street #APTB, Chandler, AZ, 85225 Listing by Jennice Doty

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: LaLena Christopherson, West USA Realty
Last Updated: 10 days ago
Data Source: ARMLS, MLS# 7058992
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 1149 West Iris Drive built and last sold?
The property at 1149 West Iris Drive was built in 1990 and last sold on Jun 14, 2016 for $340,000.
How much is this home worth?
The estimated value of the home located at 1149 West Iris Drive is $720,917.
What are some comparable homes to 1149 West Iris Drive?
There are currently no comparable homes to 1149 West Iris Drive.
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