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Gilbert 85233 Arrowpoint
516 W GARY Avenue
Photo of 516 W GARY Avenue
Sold on Jan 8, 2020

56

Map

Photo of 516 W GARY Avenue
Photo of 516 W GARY Avenue
$393,000
● House - Off Market

516 W GARY Avenue

Gilbert, AZ 85233
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,647 Ft²
$637,791
RealtyHop Estimate
60.25%
Since Feb 1, 2020
AZ-Phoenix
Primary Model

About This Property

Four bedroom home on a large corner lot in prime Gilbert location with no neighbors behind! Soaring vaulted ceiling in the formal living and dining areas. The kitchen has all stainless steel appliances, including a brand new smooth-top range and microwave. The kitchen also features corian counters with matching backsplash and an island with breakfast bar. The breakfast room has a bay window overlooking the backyard which features a grassy play area and a sparkling pool. The hearth room features a ventless gel fuel fireplace and glass-front display bookcase.The adjacent family room could function as a media room or play room. All bedrooms are upstairs, including the large master bedroom with a walk-in closet and en suite bathroom. Tons of parking with a three car garage! Move in ready!
Unit Size
2,647 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$150
Property Type
House
Property Taxes
$182
HOA Dues
$68
Year Built
1996

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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: 4 months ago (ARMLS #5984710)

Price History

Date / Event Date Event Price
Jan 8, 2020 Sold
Premium
Sold
Dec 7, 2019 No longer available -
No longer available
Nov 21, 2019 Price Decreased $392,500
↓ $500 (0.1%)
Price Decreased
Nov 14, 2019 Price Decreased $393,000
↓ $1K (0.3%)
Price Decreased
Nov 3, 2019 Price Decreased $394,000
↓ $1K (0.3%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 7
  • 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: 38
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,422
  • Total Building Area: 2,647
  • Gross Building Area: 2,647
  • Building Area: 2,647
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,647
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWPOINT
  • Land Acres: 0000000216
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: ARROWPOINT MCR 416-11

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422308

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 41611
  • Parcel: 310-05-775
  • Lot: 30
  • Meridian: SEC 1 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3751
  • Longitude: -111.801

    Address

  • Full Address: 516 W Gary Ave
  • Address - House Number: 516
  • Street Direction: W
  • Address - Street Name: Gary
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: C010
  • 4-Digit Zip Code: 2014
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $243,038
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.144
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 640,591
  • High Value: 732,895
  • Low Value: 548,286

    Market Valuation

  • Market Total Value: $457,100
  • Market Land Value: $91,400
  • Market Improvement Value: $365,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,710
  • Assessed Land Value: $9,140
  • Assessed Improvements Value: $36,570

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Jan 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200016539
  • Previous Sale Recording Date: Apr 24, 2015
  • Previous Sale Contract Date: Apr 20, 2015
  • Previous Sale Amount: $276,000
  • 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 Arrowpoint

Stats & Trends

Median Asking:

$672,000

Sale Price/ft²

$218

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2407 ft²

Average Home Age

28.8 years

Currently For Sale

4 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 410 E 9th Avenue, Mesa, AZ, 85204

$1,364 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
410 E 9th Avenue #5, Mesa, AZ, 85204 Listing by Rhonda Mcfarlin
Unit for rent at 1750 E 6th Avenue, Mesa, AZ, 85204

$999 /mo

  • 2 Beds
  • 1 Bath
  • 847 ft²
1750 E 6th Avenue, Mesa, AZ, 85204 Listing by Rhonda Mcfarlin
Unit for rent at 624 E Marilyn Avenue, Mesa, AZ, 85204

$1,195 /mo

  • 2 Beds
  • 1 Bath
  • 840 ft²
624 E Marilyn Avenue #1, Mesa, AZ, 85204 Listing by Anthony Trujillo

Rentals Near You

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ARMLS

Listed by: John Cox, Call Realty, Inc.
Last Updated: 4 months ago
Data Source: ARMLS, MLS# 5984710
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 516 West Gary Avenue built and last sold?
The property at 516 West Gary Avenue was built in 1996 and last sold on Dec 5, 2019 for $393,000.
How much is this home worth?
The estimated value of the home located at 516 West Gary Avenue is $410,094.
What are some comparable homes to 516 West Gary Avenue?
There are currently no comparable homes to 516 West Gary Avenue.
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