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Gilbert 85234 Stonebridge Lakes Manor
242 E STONEBRIDGE Drive
Photo of 242 E STONEBRIDGE Drive
Sold on Jul 16, 2025

68

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Photo of 242 E STONEBRIDGE Drive
Photo of 242 E STONEBRIDGE Drive
$585,000
● House - Off Market

242 E STONEBRIDGE Drive

Gilbert, AZ 85234
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,209 Ft²
$4,139
Est. Monthly
$980
HOA / Fees
2.57%
Cap Rate

About This Property

Welcome to your DREAM home in the highly sought-after community of Stonebridge Lakes.  

Cul-De-Sac home offers 4 Bdrs, 3 Bths, 2200+ sqft, Bright & Airy Living Spaces w/ large windows throughout highlighted by vaulted ceilings. An open-concept of the living & dining areas that flow seamlessly.

The Private Backyard Oasis backs up to the AMAZING LAKE!!!  Complemented by the covered patio, lush landscaping, & plenty of space for outdoor dining, relaxation & entertaining.

Gourmet Kitchen w/ stainless steel appliances, granite countertops, & custom cabinetry.

Luxurious Primary Suite featuring a walk-in closet, spa-like retreat & simply walk out to a massive deck overlooking the LAKE  

This home is just minutes from top-rated schools, parks, shopping, dining, & fun.
Unit Size
2,209 Ft²
Days on Market
243 days
Land Size
0.16 acres
Price per sqft
$272
Property Type
House
Property Taxes
$212
HOA Dues
$980
Year Built
1989

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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 #6783173)

Price History

Date / Event Date Event Price
Jul 16, 2025 Sold
Premium
Sold
Jun 7, 2025 In contract -
In contract
May 16, 2025 In contract -
In contract
Apr 21, 2025 Price Decreased $599,999
↓ $65K (9.8%)
Price Decreased
Nov 4, 2024 Listed by Century 21 Arizona Foothills $665,000
Listed by Century 21 Arizona Foothills
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 4
  • 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
  • Location Influence Type: 172

    Dimensions

  • Lot Size Square Feet: 7,166
  • Total Building Area: 2,209
  • Gross Building Area: 2,209
  • Building Area: 2,209
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,209
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEBRIDGE LAKES MANOR LOT 1-123 TR A-F
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: STONEBRIDGE LAKES MANOR LOT 1-123 TR A-F MCR 308-44

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422402

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 30844
  • Parcel: 304-97-101
  • Lot: 45
  • Meridian: SEC 7 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3558
  • Longitude: -111.784

    Address

  • Full Address: 242 E Stonebridge Dr
  • Address - House Number: 242
  • Street Direction: E
  • Address - Street Name: Stonebridge
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: C008
  • 4-Digit Zip Code: 5783
  • Zip Code: 85234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $254,702
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1455
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 602,032
  • High Value: 689,664
  • Low Value: 514,400

    Market Valuation

  • Market Total Value: $440,700
  • Market Land Value: $88,100
  • Market Improvement Value: $352,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,070
  • Assessed Land Value: $8,810
  • Assessed Improvements Value: $35,260

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Mar 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200240095
  • Previous Sale Recording Date: Sep 29, 2017
  • Previous Sale Contract Date: Aug 29, 2017
  • Previous Sale Amount: $335,000
  • 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 Stonebridge Lakes Manor

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$301

Below Asking

0.02%

Average Days on Market

60

Average Home Size

1636 ft²

Average Home Age

35 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 115 W Sagebrush Street, Gilbert, AZ, 85233

$2,600 /mo

  • 4 Beds
  • 3 Baths
  • 2,164 ft²
115 W Sagebrush Street, Gilbert, AZ, 85233 Listing by Joanna Roberson
Unit for rent at 501 W Laredo Avenue, Gilbert, AZ, 85233

$2,500 /mo

  • 3 Beds
  • 3 Baths
  • 2,305 ft²
501 W Laredo Avenue, Gilbert, AZ, 85233 Listing by Karen I Herrera
Unit for rent at 1 N Cottonwood Drive, Gilbert, AZ, 85234

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,638 ft²
1 N Cottonwood Drive, Gilbert, AZ, 85234 Listing by Denver Lane

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: AL Galvis, Century 21 Arizona Foothills
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6783173
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 242 East Stonebridge Drive built and last sold?
The property at 242 East Stonebridge Drive was built in 1989 and last sold on Mar 17, 2020 for $395,000.
How much is this home worth?
The estimated value of the home located at 242 East Stonebridge Drive is $0.
What are some comparable homes to 242 East Stonebridge Drive?
There are currently no comparable homes to 242 East Stonebridge Drive.
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