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4857 South Summit Court

4857 South Summit Court, Gilbert, AZ 85298
Property in Vista Dorada
Sold Jun 15, 2022
$610,000
$488,000 by Vip Mortgage Inc
Mortgage Due Jul 01, 2052
Sold Apr 13, 2006
$420,738
$346,690 by Meritage Mortgage Corp
Mortgage Due May 01, 2036
4857 South Summit Court has been categorized by the local assessors in Gilbert, AZ as a residential type of property. The building on the property was first built in 2005 and is 19 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4857 South Summit Court has 2,063 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,800 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of concrete. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a water system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4857 South Summit Court sold most recently in Jun 13, 2022 for a total of $610,000. If you work out the math, that's approximately a cost of $295.69 per sqft. Before that, the property was also sold for $420,738 in Aug 4, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,157 in taxes each year. The initial year of tax delinquency occurred in 2020. 4857 South Summit Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,670. If we break it down further, the land itself was valued at $8,730. Improvements to the property, however, were assessed at a total of $34,940. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • 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: 7,800
  • Total Building Area: 2,063
  • Gross Building Area: 2,063
  • Building Area: 2,063
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,063
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VISTA DORADA 2
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VISTA DORADA 2 MCR 666-39

Ownership

  • Current Owner : COLON MANUEL U
  • Current Owner 2: VELEZ EDMARIE PAGAN
  • Previous Owner : ADAMS CANDACE B
  • Previous Owner 2: ADAMS MICHAEL F
  • Owner Before Previous Owner: SHEA HOMES ARIZONA LP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Chandler Unified District
  • Census Tract: 815902

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 66639
  • Parcel: 304-72-423
  • Lot: 120
  • Meridian: SEC 17 TWN 2S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.2621
  • Longitude: -111.76

    Address

  • Full Address: 4857 S Summit Ct
  • Address - House Number: 4857
  • Street Direction: S
  • Address - Street Name: Summit
  • Address - Suffix Type: Ct
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R001
  • 4-Digit Zip Code: 6890
  • Zip Code: 85298

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,157
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 800609

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 611,996
  • High Value: 694,821
  • Low Value: 529,172

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $588,000
  • First Open Lien Mortgage Lender: VIP MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 15, 2022
  • First Open Lien Mortgage Loan Amount: $488,000
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: COASTAL COMMUNITY BANK
  • Second Open Lien Mortgage Recording Date: May 01, 2023
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $436,700
  • Market Land Value: $87,300
  • Market Improvement Value: $349,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,670
  • Assessed Land Value: $8,730
  • Assessed Improvements Value: $34,940

    Sales

  • Current Sale Contract Date: Jun 13, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Transaction ID: 11889995411
  • Current Sale Price: $610,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 503564
  • Previous Sale Recording Date: Apr 13, 2006
  • Previous Sale Contract Date: Aug 04, 2005
  • Previous Sale Amount: $420,738
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VIP MORTGAGE INC
  • First Mortgage Transaction Date: Jun 15, 2022
  • First Mortgage Loan Amount: $488,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MERITAGE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Apr 13, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $346,690
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Balloon
  • Previous Mortgage Loan Due Date: May 01, 2036

About Vista Dorada



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Frequently Asked Questions

What neighborhood is 4857 South Summit Court located in?
The 4857 South Summit Court is a located in the neighborhood of Vista Dorada in Vista Dorada, Gilbert.
What is the average sales price for listings in 4857 South Summit Court?
The average sales price for units in 4857 South Summit Court is $0 currently.

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