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1401 West Coral Reef Drive

1401 West Coral Reef Drive, Gilbert, AZ 85233
1 Units For Sale
Unit for sale at 1401 W CORAL REEF Drive, Gilbert, AZ 85233

$550,000

  • 3 Beds
  • 2.5 Baths
  • 1,832 ft²
1401 W CORAL REEF Drive, Gilbert, AZ 85233 Listing by Joel Scheller

Local assessors in Gilbert, AZ have categorized 1401 West Coral Reef Drive as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 2,034 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1401 West Coral Reef Drive has a total of 1,783 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1401 West Coral Reef Drive was last sold in Feb 23, 2023 for $536,000. According to our calculations, that's $300.62 per sqft. Prior to that sales transaction, the property was sold for $185,000 in Jan 12, 2020. Current property owners are expected to pay $2,323 in taxes per year. The property on 1401 West Coral Reef Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $37,110. To break that down further, the land itself was valued at $7,420. While improvements to the property were assessed at a total of $29,690. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.

Building Features

Exterior

Stucco Exterior

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200523
05/23/2020
3 Bed
3 Bath
1783 ft²
$390,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
1783 ft²
$390,000
07/17/2020
Lorraine A. Moller

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Wood
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,034
  • Total Building Area: 1,783
  • Gross Building Area: 1,783
  • Building Area: 1,783
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,783
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TOWNHOMES ON CORAL REEF
  • Land Acres: 0.047
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: TOWNHOMES ON CORAL REEF MCR 283-48

Ownership

  • Current Owner : DAKOTA EAST LLC
  • Previous Owner : GEORGE DUNLAP REVOCABLE TRUST
  • Owner Before Previous Owner: PERLENFEIN LYNN P
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422305

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 28348
  • Parcel: 302-30-594
  • Lot: 38
  • Meridian: SEC 14 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3448
  • Longitude: -111.819

    Address

  • Full Address: 1401 W Coral Reef Dr
  • Address - House Number: 1401
  • Street Direction: W
  • Address - Street Name: Coral Reef
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R067
  • 4-Digit Zip Code: 6107
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,323
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1428
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 548,550
  • High Value: 626,929
  • Low Value: 470,171

    Market Valuation

  • Market Total Value: $371,100
  • Market Land Value: $74,200
  • Market Improvement Value: $296,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,110
  • Assessed Land Value: $7,420
  • Assessed Improvements Value: $29,690

    Sales

  • Current Sale Contract Date: Feb 23, 2023
  • Current Sale Recording Date: Feb 23, 2023
  • Current Sale Transaction ID: 11902352083
  • Current Sale Price: $536,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 90586
  • Previous Sale Recording Date: Jan 15, 2021
  • Previous Sale Contract Date: Jan 12, 2020
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Special Warranty Deed

About The Islands



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Frequently Asked Questions

What neighborhood is 1401 West Coral Reef Drive located in?
The 1401 West Coral Reef Drive is a townhouse located in the neighborhood of Townhomes on Coral Reef in The Islands, Gilbert.
How many listings are currently for sale in 1401 West Coral Reef Drive?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 1401 West Coral Reef Drive?
The average sales price for units in 1401 West Coral Reef Drive is $390,000 , or $219/sqft. currently.

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