$440,000
●
House -
In Contract
1361 S SWALLOW Lane
Gilbert, AZ 85296
4 Beds
3 Baths
1,990 Ft²
$2,369
Est. Monthly
$84
HOA / Fees
About This Property
**Seller offering generous concessions toward buyer closing costs
or rate buydown!** PAID-OFF SOLAR + PRIME GILBERT LOCATION!
Discover comfortable living in this spacious 4-bed, 2.5-bath,
two-story home nestled in a highly desirable Gilbert community.
Offering 2,035 sqft of living space, the home features a welcoming
family room, formal dining area, and a well-appointed kitchen
showcasing granite countertops and maple cabinetry. Enjoy the added
benefit of paid-off solar panels for potential energy savings. The
community offers an impressive lineup of amenities, including
pools, parks, basketball and volleyball courts, and more.
Conveniently located with easy access to the San Tan Freeway,
Phoenix-Mesa Gateway Airport, and I-60, making commuting and
everyday adventures a breeze. A great opportunity to enjoy
convenience and community amenities in one sought-after location!
Unit Size
1,990 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$221
Property Type
House
Property Taxes
$124
HOA Dues
$84
Year Built
2004
Listed By
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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: 3 days ago (ARMLS #7065127)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2026 | In contract | - | |
| In contract | |||
| Oct 10, 2026 | Price Decreased |
$440,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 26, 2026 | Price Decreased |
$444,999
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 22, 2026 | Price Decreased |
$450,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$455,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage Door Opener, Attch'd Gar Cabinets
Garage Spaces: 2
Interior Details
Interior Features: High Speed Internet, Double Vanity, Eat-in Kitchen, Vaulted Ceiling(s), Kitchen Island, Pantry, Upstairs, Full Bth Master Bdrm
Flooring Type: Carpet, Laminate, Tile
Laundry Features: Inside, Upstairs Laundry, Wshr/Dry HookUp Only
Exterior Details
Square Footage: 1990
Square Footage Source: $0
Architectural Style: Spanish
Year Built: 2004
Builder Name: Trend Homes
Building Area Total: 1990
Building Area Units: Square Feet
Window Features: Dual Pane
Construction Materials: Stucco, Wood Siding
Lot Features: Desert Back, Desert Front, Synthetic Grass Back
Lot Size Area: 3989
Lot Size Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 3989
Tax Lot: 112
Water Source: Public
Financial Details
Tax Map Number: 29.00
Tax Annual Amount: $1,483
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Management
HOA Fee: $84
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Gardens
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Listed by: George Laughton, EveryPlace
Last Updated: 3 days ago
Data Source: ARMLS, MLS# 7065127
Last Updated: 3 days ago
Data Source: ARMLS, MLS# 7065127
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]
Brokerage email: [email protected]
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