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Gilbert 85296 Gardens
1322 S OWL Drive
Photo of 1322 S OWL Drive
Sold on Sep 3, 2025

25

Map

Photo of 1322 S OWL Drive
Photo of 1322 S OWL Drive
$368,650
● House - Off Market

1322 S OWL Drive

Gilbert, AZ 85296
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,061 Ft²
$2,137
Est. Monthly
$173
HOA / Fees
6.24%
Cap Rate

About This Property

Beautiful MOVE IN READY home in The Gardens in Gilbert! Located on a desirable corner lot next to green space, community pool & guest parking. This low-maintenance 2-story home features 3 bedrooms, 2 baths, and a 2-car garage. One bedroom and full bath downstairs-ideal for guests, roommate, or home office. Highlights include wood plank tile, granite counters, stainless steel appliances, vaulted ceilings, and stylish finishes throughout. Enjoy multiple community pools, playgrounds, and easy freeway access. Close to shopping, new restaurants, and Gateway Airport! ALL APPLIANCES ARE STAYING. AC WAS REPLACED IN 2022! This Home is DETACHED. Floor plan flows for functionality.
Unit Size
1,061 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$363
Property Type
House
Property Taxes
$74
HOA Dues
$173
Year Built
2005

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 18 days ago (ARMLS #6857551)

Price History

Date / Event Date Event Price
Sep 3, 2025 Sold
Premium
Sold
Aug 16, 2025 In contract -
In contract
Jun 25, 2025 In contract -
In contract
May 16, 2025 Price Decreased $385,000
↓ $10K (2.5%)
Price Decreased
Apr 25, 2025 Listed by SERHANT. $395,000
Listed by SERHANT.
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 2
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 764
  • Total Building Area: 1,061
  • Gross Building Area: 1,061
  • Building Area: 1,061
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,061
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDENS PARCEL 5 CONDOMINIUM AMD
  • Land Acres: 0000000018
  • Standard Land Use Code: 1004
  • County Land Use Code: 0735
  • State Land Use Code: 0735
  • Legal Description 1: GARDENS PARCEL 5 CONDOMINIUM AMD MCR 671-46

Neighborhood

  • School District Name: Higley Unified District
  • Census Tract: 814802

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 67146
  • Parcel: 304-29-714
  • Lot: 151
  • Meridian: SEC 24 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3266
  • Longitude: -111.697

    Address

  • Full Address: 1322 S Owl Dr
  • Legal Unit: 151
  • Address - House Number: 1322
  • Street Direction: S
  • Address - Street Name: Owl
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R116
  • 4-Digit Zip Code: 8471
  • Zip Code: 85296

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $88,770
  • Tax Rate Code Area: 600605

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 338,695
  • High Value: 389,204
  • Low Value: 288,185

    Market Valuation

  • Market Total Value: $231,700
  • Market Land Value: $46,300
  • Market Improvement Value: $185,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,170
  • Assessed Land Value: $4,630
  • Assessed Improvements Value: $18,540

    Sales

  • Current Sale Contract Date: Sep 16, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20211009761
  • Previous Sale Recording Date: Feb 02, 2017
  • Previous Sale Contract Date: Jan 11, 2017
  • Previous Sale Amount: $188,000
  • 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 Gardens

Stats & Trends

Median Asking:

$394,950

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1472 ft²

Average Home Age

20.7 years

Currently For Sale

7 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 4060 E Vest Avenue, Gilbert, AZ, 85295

$2,195 /mo

  • 3 Beds
  • 3 Baths
  • 1,486 ft²
4060 E Vest Avenue, Gilbert, AZ, 85295 Listing by Derek Meins
Unit for rent at 3835 E Kent Avenue, Gilbert, AZ, 85296

$2,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,661 ft²
3835 E Kent Avenue, Gilbert, AZ, 85296 Listing by Bobbi F Burke
Unit for rent at 4244 E Tulsa Street, Gilbert, AZ, 85295

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,418 ft²
4244 E Tulsa Street, Gilbert, AZ, 85295 Listing by Derek Meins

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Melissa Carpenter, SERHANT.
Last Updated: 18 days ago
Data Source: ARMLS, MLS# 6857551
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 1322 South Owl Drive built and last sold?
The property at 1322 South Owl Drive was built in 2005 and last sold on Sep 16, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 1322 South Owl Drive is $0.
What are some comparable homes to 1322 South Owl Drive?
There are currently no comparable homes to 1322 South Owl Drive.
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