55
Map
$465,000
↓ $5K (1.1%)
●
House -
For Sale
307 S OCEAN Drive
Gilbert, AZ 85233
3 Beds
3 Baths
1,638 Ft²
$2,808
Est. Monthly
$373
HOA / Fees
About This Property
Excellent Gilbert location! Featuring a 2 car garage, 3 beds, 2.5
baths. Welcoming interior boasts vaulted ceilings, fresh paint,
paired w/delightful wood plank flooring. New carpet 2019, Formal
living/dining, a decorative fireplace family room & several French
doors to backyard access. The kitchen is a delight complete
w/essential appliances, stylish tile backsplash, & tons of white
cabinets/counter counter space. The main bedroom is upstairs and
boasts soft carpet floor, ensuite with dual sinks, tub, & shower
combo. Enjoy your lush private backyard featuring a covered patio,
diving pool perfect for a warm springtime. Located in The Islands
Lake community Canoeing, paddle boarding, fishing.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$284
Property Type
House
Property Taxes
$151
HOA Dues
$373
Year Built
1987
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: 2 days ago (ARMLS #7082131)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$465,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Oct 26, 2026 | Price Decreased |
$470,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by EveryPlace | $475,000 | |
| Listed by EveryPlace | |||
| Jan 7, 2022 | Sold | ||
| Sold | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Direct Access
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Interior Features: High Speed Internet, Double Vanity, Breakfast Bar, Vaulted Ceiling(s), Upstairs, Full Bth Master Bdrm, Tub with Jets
Flooring Type: Laminate, Stone
Laundry Features: Inside, Wshr/Dry HookUp Only
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 1638
Square Footage Source: $0
Architectural Style: Contemporary
Year Built: 1987
Builder Name: Bowen H omes
Building Area Total: 1638
Building Area Units: Square Feet
Window Features: Dual Pane
Construction Materials: Stucco, Wood Siding, Painted
Pool Features: Outdoor Pool, Fenced, Play Pool
Pool is Private
Lot Features: Desert Back, Desert Front, East/West Exposure, Grass Front
Lot Size Area: 6203
Lot Size Units: Square Feet
Lot Size Acres: 0.14
Lot Size Square Feet: 6203
Tax Lot: 117
Water Source: Public
Financial Details
Tax Map Number: 96.00
Tax Annual Amount: $1,813
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Management, Pets OK (See Remarks), No Visible Truck Trailer RV Boat, Rental OK (See Remarks)
HOA Fee: $373
HOA Fee Frequency: Quarterly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About The Islands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: George Laughton, EveryPlace
Last Updated: 2 days ago
Data Source: ARMLS, MLS# 7082131
Last Updated: 2 days ago
Data Source: ARMLS, MLS# 7082131
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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Address: 335 Madison Avenue, New York, NY 10017