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Gilbert 85295 Gateway Village
2051 S FALCON Drive
Photo of 2051 S FALCON Drive
Sold on Sep 27, 2019

22

Map

Photo of 2051 S FALCON Drive
Photo of 2051 S FALCON Drive
$305,000
● House - Off Market

2051 S FALCON Drive

Gilbert, AZ 85295
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,159 Ft²
$498,329
RealtyHop Estimate
63.39%
Since Oct 1, 2019
AZ-Phoenix
Primary Model

About This Property

Come see this 4 bedroom 2.5 bathroom home in Gateway Village!  This home offers fresh interior paint and new carpeting throughout.  High ceilings and lots of natural light for an open feel.  The kitchen features an island with breakfast bar and large walk in pantry.  Master ensuite bathroom has a private toilet room and walk in closet. One room upstairs has a private exit to a balcony.  The back yard has a covered patio.  Community park and pool nearby.  Close to shopping, dining, and the freeway!
Unit Size
2,159 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$141
Property Type
House
Property Taxes
$138
HOA Dues
$70
Year Built
2004

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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: 2 months ago (ARMLS #5948245)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Jul 4, 2019 Listed by OfferPad Brokerage, LLC $305,000
Listed by OfferPad Brokerage, LLC
Jun 18, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • 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: 4,050
  • Total Building Area: 2,159
  • Gross Building Area: 2,159
  • Building Area: 2,159
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,159
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GATEWAY VILLAGE
  • Land Acres: 0000000093
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: GATEWAY VILLAGE MCR 606-38

Neighborhood

  • School District Name: Higley Unified District
  • Census Tract: 815201

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 60638
  • Parcel: 304-38-867
  • Lot: 321
  • Meridian: SEC 25 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3138
  • Longitude: -111.693

    Address

  • Full Address: 2051 S Falcon Dr
  • Address - House Number: 2051
  • Street Direction: S
  • Address - Street Name: Falcon
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R105
  • 4-Digit Zip Code: 5872
  • Zip Code: 85295

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $176,434
  • Tax Rate Code Area: 600605

    Appraisal Valuation

  • Standard Deviation: 0.1285
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 485,580
  • High Value: 548,004
  • Low Value: 423,155

    Market Valuation

  • Market Total Value: $342,700
  • Market Land Value: $68,500
  • Market Improvement Value: $274,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,270
  • Assessed Land Value: $6,850
  • Assessed Improvements Value: $27,420

    Sales

  • Current Sale Contract Date: Aug 23, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20190766828
  • Previous Sale Recording Date: Jun 18, 2019
  • Previous Sale Contract Date: Jun 17, 2019
  • Previous Sale Amount: $286,137
  • 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 Gateway Village

Stats & Trends

Median Asking:

$477,000

Sale Price/ft²

$261

Below Asking

0.02%

Average Days on Market

102

Average Home Size

2044 ft²

Average Home Age

22 years

Currently For Sale

3 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

$2,150 /mo

  • 3 Beds
  • 3 Baths
  • 1,486 ft²
4060 E Vest Avenue, Gilbert, AZ, 85295 Listing by Adam Coburn
Unit for rent at 4212 E Vest Avenue, Gilbert, AZ, 85295

$4,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,486 ft²
4212 E Vest Avenue, Gilbert, AZ, 85295 Listing by Brenda Baca
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

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Derek Dickson, OfferPad Brokerage, LLC
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 5948245
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 2051 South Falcon Drive built and last sold?
The property at 2051 South Falcon Drive was built in 2004 and last sold on Aug 23, 2019 for $305,000.
How much is this home worth?
The estimated value of the home located at 2051 South Falcon Drive is $313,897.
What are some comparable homes to 2051 South Falcon Drive?
There are currently no comparable homes to 2051 South Falcon Drive.
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