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Gilbert 85296 Lakeview Trails North at Morrison Ranch
3859 E MORRISON RANCH Parkway
Photo of 3859 E MORRISON RANCH Parkway
Sold on Oct 15, 2026

31

Map

Photo of 3859 E MORRISON RANCH Parkway
Photo of 3859 E MORRISON RANCH Parkway
$815,000
● House - Off Market

3859 E MORRISON RANCH Parkway

Gilbert, AZ 85296
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,430 Ft²
$4,793
Est. Monthly
$429
HOA / Fees

About This Property

Beautiful 4 bedroom, 3.5 bath home in sought-after Lakeview Trails at Morrison Ranch in Gilbert! Designed for everyday comfort and entertaining, this home features custom finishes throughout, new carpet, granite counters, stainless appliances, and a spacious layout. A first-floor office or guest room adds flexibility, while the second-floor bonus/family room offers space for relaxing, hobbies, or movie nights. Enjoy Arizona living in the private backyard with a sparkling pool. A 3-car garage provides ample parking and storage in a desirable community close to parks, shopping, and dining
Unit Size
3,430 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$242
Property Type
House
Property Taxes
$288
HOA Dues
$429
Year Built
2012

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 18 days ago (ARMLS #6977185)

Price History

Date / Event Date Event Price
Oct 15, 2026 Sold
Premium
Sold
Aug 6, 2026 In contract -
In contract
Jun 11, 2026 Price Decreased $830,000
↓ $10K (1.2%)
Price Decreased
May 15, 2026 Price Decreased $840,000
↓ $10K (1.2%)
Price Decreased
Jan 30, 2026 Listed by Opendoor Brokerage, LLC $850,000
Listed by Opendoor Brokerage, LLC
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 3,338
  • Gross Building Area: 3,338
  • Building Area: 3,338
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 3,338
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW TRAILS NORTH AT MORRISON RANCH
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: LAKEVIEW TRAILS NORTH AT MORRISON RANCH MCR 818-15

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422658

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 81815
  • Parcel: 304-19-404
  • Lot: 379
  • Meridian: SEC 14 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3465
  • Longitude: -111.707

    Address

  • Full Address: 3859 E Morrison Ranch Pkwy
  • Address - House Number: 3859
  • Street Direction: E
  • Address - Street Name: Morrison Ranch
  • Address - Suffix Type: Pkwy
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R043
  • 4-Digit Zip Code: 1821
  • Zip Code: 85296

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $331,486
  • Tax Rate Code Area: 410616

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 825,175
  • High Value: 936,850
  • Low Value: 713,500

    Market Valuation

  • Market Total Value: $572,100
  • Market Land Value: $114,400
  • Market Improvement Value: $457,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,210
  • Assessed Land Value: $11,440
  • Assessed Improvements Value: $45,770

    Sales

  • Current Sale Contract Date: Apr 25, 2012
  • Current Sale Recording Date: Aug 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2012-0763516
  • Previous Sale Recording Date: Mar 29, 2010
  • Previous Sale Contract Date: Mar 29, 2010
  • Previous Sale Amount: $8,960,000
  • Previous Sale Document Type: 15
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 Lakeview Trails North at Morrison Ranch

Stats & Trends

Median Asking:

$869,000

Sale Price/ft²

$290

Below Asking

0.02%

Average Days on Market

73

Average Home Size

2748 ft²

Average Home Age

16.9 years

Currently For Sale

8 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 6908 E Peralta Circle, Mesa, AZ, 85212

$9,500 /mo

  • 3 Beds
  • 3 Baths
  • 1,900 ft²
6908 E Peralta Circle, Mesa, AZ, 85212 Listing by Sharry C Nelson
Unit for rent at 3250 E Ford Avenue, Gilbert, AZ, 85234

$2,595 /mo

  • 4 Beds
  • 2 Baths
  • 1,785 ft²
3250 E Ford Avenue, Gilbert, AZ, 85234 Listing by Perry B Kimball
Unit for rent at 4099 E Libra Avenue, Gilbert, AZ, 85234

$3,950 /mo

  • 4 Beds
  • 2 Baths
  • 1,489 ft²
4099 E Libra Avenue, Gilbert, AZ, 85234 Listing by Drew Y Brantley

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Tara Jones, Opendoor Brokerage, LLC
Last Updated: 18 days ago
Data Source: ARMLS, MLS# 6977185
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 3859 East Morrison Ranch Parkway built and last sold?
The property at 3859 East Morrison Ranch Parkway was built in 2012 and last sold on Apr 25, 2012 for $306,897.
How much is this home worth?
The estimated value of the home located at 3859 East Morrison Ranch Parkway is $840,264.
What are some comparable homes to 3859 East Morrison Ranch Parkway?
There are currently no comparable homes to 3859 East Morrison Ranch Parkway.
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