When was property at 564 East Morgan Drive built and last sold?

The property at 564 East Morgan Drive was built in 1964 and last sold on Feb 23, 1996 for $207,000.

How much is this home worth?

The estimated value of the home located at 564 East Morgan Drive is $1,414,000.

What are some comparable homes to 564 East Morgan Drive?

There are currently no comparable homes to 564 East Morgan Drive.

Gilbert

85295

Palomino Acres

564 E Morgan Drive

Sold on Sep 25, 2026

Map

$1,400,000

● House - Off Market

564 E Morgan Drive

Gilbert, AZ 85295

4 Beds

3 Baths

2,304 Ft²

$7,062

Est. Monthly

About This Property

Gilbert horse property on approx. 2.2 irrigated acres with no HOA! Located in Palomino Acres, the 2,304 sq ft single-level main home offers 3 bedrooms + den and 2 bathrooms. Move-in ready and beautifully updated, it blends classic charm, including a red brick wood-burning fireplace, with a remodeled kitchen and bathrooms. The barn offers workshop/storage plus a 488 sq ft upstairs apartment with bedroom, bathroom and kitchenette, providing 2,792 sq ft of combined living space. Features include an outdoor horse corral, private pool, covered patios, 2-car garage, ample slab/RV parking. All near Downtown Gilbert and SanTan Village! With acreage, horse facilities and versatile additional space, this unique property offers endless possibilities!

Unit Size

2,304 Ft²

Days on Market

13 days

Land Size

2.21 acres

Price per sqft

$608

Property Type

House

Property Taxes

$188

HOA Dues

Year Built

1964

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (ARMLS #7072094)

Price History

Date / Event	Date	Event
Sep 25, 2026	Sold	Premium
Sold
Aug 27, 2026	Listed by Real Broker	$1,400,000
Listed by Real Broker
Mar 15, 1996	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1964

Effective Year Built: 1964
Building Count: 1
Total Rooms: 6
Bedroom Count: 0
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 6
Building Condition: 6
Building Quality: 7
Construction Type: 4
Building Style: 0
Exterior Walls Type: 4
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 21
Floor Count: 100
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: 96,080

Total Building Area: 1,987
Gross Building Area: 1,987
Building Area: 1,987
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 10

Heating: 24
Heated Square Feet: 1,987
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PALOMINO ACRES
Land Acres: 0000002206
Standard Land Use Code: 1001
County Land Use Code: 0131
State Land Use Code: 0131
Legal Description 1: PALOMINO ACRES MCR 95/38

Neighborhood

School District Name: Gilbert Unified District

Census Tract: 814900

Zoning

Zoning: R-43

Geography

Assessors Map Reference: 9538

Parcel: 304-43-036
Lot: 20
Meridian: SEC 30 TWN 1S RNG 6E
Municipality: GILBERT
Latitude: 33.3088
Longitude: -111.777

Address

Full Address: 564 E Morgan Dr

Address - House Number: 564
Street Direction: E
Address - Street Name: Morgan
Address - Suffix Type: Dr
State: AZ
City Name: Gilbert
Carrier Code: R033
4-Digit Zip Code: 5243
Zip Code: 85295

Valuation

Tax

Tax Year: 2023

Tax Amount: $218,448
Tax Rate Code Area: 410600

Appraisal Valuation

Standard Deviation: 0.1328

Valuation Date: Mar 20, 2024
Confidence Score: 84
Final Value: 859,575
High Value: 973,764
Low Value: 745,386

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $648,200

Market Land Value: $129,600
Market Improvement Value: $518,600

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $64,820
Assessed Land Value: $12,960
Assessed Improvements Value: $51,860

Sales

Current Sale Contract Date: Feb 23, 1996

Current Sale Recording Date: Mar 15, 1996
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 96-0174151

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: VAR

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Palomino Acres

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$608

Above Asking

0.00%

Average Days on Market

Average Home Size

2304 ft²

Average Home Age

62 years

Currently For Sale

0 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 926 W San Mateo --, Gilbert, AZ, 85233

$5,800 /mo

2 Beds
1 Bath
1,667 ft²

926 W San Mateo --, Gilbert, AZ, 85233 Listing by Judith Crane

Unit for rent at 2913 E Tulsa Street, Chandler, AZ, 85225

$3,100 /mo

5 Beds
3 Baths
3,097 ft²

2913 E Tulsa Street, Chandler, AZ, 85225 Listing by Jeanine R Watson

Unit for rent at 873 E Saratoga Street, Gilbert, AZ, 85296

$2,395 /mo

3 Beds
2 Baths
1,745 ft²

873 E Saratoga Street, Gilbert, AZ, 85296 Listing by Derek Meins

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Alisha B Anderson, Real Broker
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 7072094

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

564 E Morgan Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Palomino Acres

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions