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386 East Horseshoe Avenue

386 East Horseshoe Avenue, Gilbert, AZ 85296
Sold May 12, 2017
$375,000
$389,563 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2051
Sold Jun 18, 2015
$350,000
$315,000 by Academy Mortgage Corp
Mortgage Due Jul 01, 2045
Local assessors in Gilbert, AZ have categorized 386 East Horseshoe Avenue as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 9,757 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 3 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 386 East Horseshoe Avenue has a total of 2,454 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. 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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. The property was last sold in May 1, 2017 for $375,000. That's $152.81 per sqft. Prior to that sales transaction, the property was also sold in Jun 9, 2015 for $350,000. 386 East Horseshoe Avenue was last assessed in 2023. The total value of the property was assessed at $46,210. Specifically, the land the property is located on was valued at $9,240. While improvements on the property were assessed at a total of $36,970. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,275. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,757
  • Total Building Area: 2,454
  • Gross Building Area: 2,454
  • Building Area: 2,454
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,454
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FARMHOUSE MEADOWS
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FARMHOUSE MEADOWS MCR 408-23

Ownership

  • Current Owner : OLSON MATTHEW
  • Previous Owner : WALTON CHRISTOPHER
  • Previous Owner 2: WALTON LISA R
  • Owner Before Previous Owner: TURNER ADAM
  • Owner Before Previous Owner 2: TURNER KELLY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422404

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 40823
  • Parcel: 309-12-144
  • Lot: 30
  • Meridian: SEC 18 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3461
  • Longitude: -111.781

    Address

  • Full Address: 386 E Horseshoe Ave
  • Address - House Number: 386
  • Street Direction: E
  • Address - Street Name: Horseshoe
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R004
  • 4-Digit Zip Code: 1628
  • Zip Code: 85296

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,275
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1434
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 673,925
  • High Value: 770,587
  • Low Value: 577,263

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,563
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 12, 2021
  • First Open Lien Mortgage Loan Amount: $389,563
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $462,100
  • Market Land Value: $92,400
  • Market Improvement Value: $369,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,210
  • Assessed Land Value: $9,240
  • Assessed Improvements Value: $36,970

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 12, 2017
  • Current Sale Transaction ID: 1811860039
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-0345099
  • Previous Sale Recording Date: Jun 18, 2015
  • Previous Sale Contract Date: Jun 09, 2015
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOVA FINANCIAL & INVESTMENT CO
  • First Mortgage Transaction Date: May 12, 2017
  • First Mortgage Loan Amount: $356,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 18, 2015
  • Previous Mortgage Loan Amount: $315,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2045

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Frequently Asked Questions

What neighborhood is 386 East Horseshoe Avenue located in?
The 386 East Horseshoe Avenue is a located in the neighborhood of Farmhouse Meadows in Farmhouse Meadows, Gilbert.
What is the average sales price for listings in 386 East Horseshoe Avenue?
The average sales price for units in 386 East Horseshoe Avenue is $0 currently.

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