by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gilbert 85233 Playa del Rey
557 N MONDEL Drive
Photo of 557 N MONDEL Drive
Sold on Jun 30, 2023

42

Map

Photo of 557 N MONDEL Drive
Photo of 557 N MONDEL Drive
$770,000
● House - Off Market

557 N MONDEL Drive

Gilbert, AZ 85233
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,070 Ft²
$806,543
RealtyHop Estimate
0.82%
Since Jul 1, 2023
AZ-Phoenix
Primary Model

About This Property

RARE FIND home in the highly sought after community of Playa Del Rey! This private gated community features two lakes that allow motorized boats, a mini golf course, parks and is conveniently located near the 87 Freeway and tons of shopping and dining locations! The home has a 3 car garage, two balconies, an open concept floor plan with formal and informal living spaces, high vaulted ceilings, TWO FULL BEDROOMS AND BATHROOMS DOWNSTAIRS, granite countertops, stainless steel appliances, a laundry shoot, a spacious loft upstairs, an oversized master bedroom with a massive walk-in closet and en-suite bathroom, and much more! The back features a private pool, artificial turf and pavers, an extended covered patio, and a built in BBQ!
Unit Size
4,070 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$309
HOA Dues
$258
Year Built
2004

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (ARMLS #6555647)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 11, 2023 Listed by My Home Group Real Estate $800,000
Listed by My Home Group Real Estate
Jun 27, 2019 Sold
Premium
Sold
Mar 9, 2019 No longer available -
No longer available
Mar 2, 2019 Price Decreased $473,000
↓ $2K (0.4%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 3
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 172

    Dimensions

  • Lot Size Square Feet: 8,250
  • Total Building Area: 4,070
  • Gross Building Area: 4,070
  • Building Area: 4,070
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 4,070
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAYA DEL REY AMENDED
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 0151
  • State Land Use Code: 0151
  • Legal Description 1: PLAYA DEL REY AMENDED MCR 414-23

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422309

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 41423
  • Parcel: 310-08-397
  • Lot: 65
  • Meridian: SEC 11 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3601
  • Longitude: -111.818

    Address

  • Full Address: 557 N Mondel Dr
  • Address - House Number: 557
  • Street Direction: N
  • Address - Street Name: Mondel
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R090
  • 4-Digit Zip Code: 4113
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $381,342
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 789,642
  • High Value: 890,962
  • Low Value: 688,323

    Market Valuation

  • Market Total Value: $573,500
  • Market Land Value: $114,700
  • Market Improvement Value: $458,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,350
  • Assessed Land Value: $11,470
  • Assessed Improvements Value: $45,880

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 344445
  • Previous Sale Recording Date: Jun 27, 2019
  • Previous Sale Contract Date: Jun 25, 2019
  • Previous Sale Amount: $474,000
  • 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 Playa del Rey

Stats & Trends

Median Asking:

$1,539,425

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

198

Average Home Size

3852 ft²

Average Home Age

25.7 years

Currently For Sale

3 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 33 S Pueblo Street, Gilbert, AZ, 85233

$3,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,274 ft²
33 S Pueblo Street, Gilbert, AZ, 85233 Listing by Matthew Khalil
Unit for rent at 1485 W Sea Fog Drive, Gilbert, AZ, 85233

$3,700 /mo

  • 4 Beds
  • 3 Baths
  • 3,427 ft²
1485 W Sea Fog Drive, Gilbert, AZ, 85233 Listing by Jason R. Harrell

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Rob Hale, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6555647
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 557 North Mondel Drive built and last sold?
The property at 557 North Mondel Drive was built in 2004 and last sold on Jun 30, 2023 for $770,000.
How much is this home worth?
The estimated value of the home located at 557 North Mondel Drive is $806,201.
What are some comparable homes to 557 North Mondel Drive?
There are currently no comparable homes to 557 North Mondel Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Gilbert Homes for Sale
Gilbert Houses for Sale
Gilbert Condos for Sale
Gilbert Townhouses for Sale
Gilbert Land for Sale
Gilbert Commercial for Sale
Gilbert Homes with Basements
Gilbert Homes with Pools
Nearby Cities
Mesa Homes for Sale
Chandler Homes for Sale
San Tan Valley Homes for Sale
Tempe Homes for Sale
Queen Creek Homes for Sale
Apache Junction Homes for Sale
Paradise Valley Homes for Sale
Sun Lakes Homes for Sale
Nearby Property Records
Maricopa County, AZ Property Records
Pinal County, AZ Property Records
Gila County, AZ Property Records
Pima County, AZ Property Records
Yavapai County, AZ Property Records
Graham County, AZ Property Records
Santa Cruz County, AZ Property Records
La Paz County, AZ Property Records
Neighborhoods
Sun Lakes Real Estate
McCormick Ranch Real Estate
Downtown Scottsdale Real Estate
Scottsdale Ranch Real Estate
Dobson Ranch Real Estate
Power Ranch Real Estate
Apache Wells Real Estate
The Groves Real Estate
Top Real Estate Agents
Top Agents in Playa del Rey
Top Agents in Gilbert
Top Agents in Mesa
Top Agents in Chandler
Top Agents in San Tan Valley
Top Agents in Tempe
Top Agents in 85142
Top Agents in 85251