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1656 South Penrose Drive

1656 South Penrose Drive, Gilbert, AZ 85295
Property in Lyons Gate
Sold May 14, 2020
$317,000
$157,000 by V I P Mortgage Inc
Mortgage Due Jun 01, 2050
Sold Mar 30, 2020
$295,000
Local assessors in Gilbert, AZ have categorized 1656 South Penrose Drive as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 5,829 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1656 South Penrose Drive has a total of 1,742 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 concrete. 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, 1656 South Penrose Drive was last sold in Apr 16, 2020 for $317,000. According to our calculations, that's $181.97 per sqft. Prior to that sales transaction, the property was sold for $295,000 in Mar 23, 2020. Current property owners are expected to pay $1,811 in taxes per year. The property on 1656 South Penrose Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,050. To break that down further, the land itself was valued at $7,210. While improvements to the property were assessed at a total of $28,840. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,829
  • Total Building Area: 1,742
  • Gross Building Area: 1,742
  • Building Area: 1,742
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,742
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LYONS GATE PHASE 1 AND 2
  • Land Acres: 0.134
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LYONS GATE PHASE 1 AND 2 MCR 752-16

Ownership

  • Current Owner : MARTIN MICHELLE M
  • Previous Owner : OFFERPAD LLC
  • Owner Before Previous Owner: STRAUGHN CHRISTOPHER DANIEL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Higley Unified District
  • Census Tract: 815100

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 75216
  • Subdivision Phase Number: 1&2
  • Parcel: 313-13-327
  • Lot: 327
  • Meridian: SEC 27 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3203
  • Longitude: -111.734

    Address

  • Full Address: 1656 S Penrose Dr
  • Address - House Number: 1656
  • Street Direction: S
  • Address - Street Name: Penrose
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R076
  • 4-Digit Zip Code: 0618
  • Zip Code: 85295

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,811
  • Tax Rate Code Area: 600605

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 506,048
  • High Value: 574,534
  • Low Value: 437,562

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $157,000
  • First Open Lien Mortgage Lender: V I P MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 14, 2020
  • First Open Lien Mortgage Loan Amount: $157,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2050

    Market Valuation

  • Market Total Value: $360,500
  • Market Land Value: $72,100
  • Market Improvement Value: $288,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,050
  • Assessed Land Value: $7,210
  • Assessed Improvements Value: $28,840

    Sales

  • Current Sale Contract Date: Apr 16, 2020
  • Current Sale Recording Date: May 14, 2020
  • Current Sale Transaction ID: 11759992117
  • Current Sale Price: $317,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200413804
  • Previous Sale Recording Date: Mar 30, 2020
  • Previous Sale Contract Date: Mar 23, 2020
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Warranty Deed

About Lyons Gate



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1656 South Penrose Drive located in?
The 1656 South Penrose Drive is a located in the neighborhood of Lyons Gate in Lyons Gate, Gilbert.
What is the average sales price for listings in 1656 South Penrose Drive?
The average sales price for units in 1656 South Penrose Drive is $0 currently.

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