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Gilbert 85233 El Dorado Lakes Golf Community
631 N SUNWAY Drive
Photo of 631 N SUNWAY Drive
Sold on Aug 12, 2021

24

Map

Photo of 631 N SUNWAY Drive
Photo of 631 N SUNWAY Drive
$422,000
● House - Off Market

631 N SUNWAY Drive

Gilbert, AZ 85233
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,698 Ft²
$426,435
RealtyHop Estimate
10.76%
Since Sep 1, 2021
AZ-Phoenix
Primary Model

About This Property

This charming 2 story, 3 bedroom/2.5 bath home is located within the El Dorado Golf community just minutes from downtown Gilbert with retail centers conveniently nearby. Featuring vaulted ceilings, carpeted floors, with a covered backyard patio, this home is move-in ready. The private pool has a recently updated variable speed pump and a new filter. A/C unit and air handler only 4 years old.
Unit Size
1,698 Ft²
Days on Market
34 days
Land Size
0.12 acres
Price per sqft
$227
Property Type
House
Property Taxes
$134
HOA Dues
$105
Year Built
1994

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Cap Rate Calculator

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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: 3 months ago (ARMLS #6255557)

Price History

Date / Event Date Event Price
Aug 12, 2021 Sold
Premium
Sold
Aug 11, 2021 No longer available -
No longer available
Jul 10, 2021 Listed by Realty ONE Group $385,000
Listed by Realty ONE Group
This charming 2 story, 3 bedroom/2.5 bath home is located within the El Dorado Golf community just minutes from downtown Gilbert with retail centers conveniently nearby. Featuring vaulted ceilings, carpeted floors, with a covered backyard patio, this home is move-in ready. The private pool has a recently updated variable speed pump and a new filter. A/C unit and air handler only 4 years old. The manager has listed the unit size as 1698 square feet.
Jun 24, 2021 Listed by Realty ONE Group $385,000
Listed by Realty ONE Group
Jul 28, 2009 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 5,397
  • Total Building Area: 1,698
  • Gross Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EL DORADO LAKES GOLF COMMUNITY TRACT I
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: EL DORADO LAKES GOLF COMMUNITY TRACT I MCR 373-18

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422307

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 37318
  • Subdivision Tract Number: I
  • Parcel: 302-22-109
  • Lot: 359
  • Meridian: SEC 10 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3612
  • Longitude: -111.825

    Address

  • Full Address: 631 N Sunway Dr
  • Address - House Number: 631
  • Street Direction: N
  • Address - Street Name: Sunway
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R037
  • 4-Digit Zip Code: 3504
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $160,040
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1428
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 479,564
  • High Value: 548,089
  • Low Value: 411,039

    Market Valuation

  • Market Total Value: $328,600
  • Market Land Value: $65,700
  • Market Improvement Value: $262,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,860
  • Assessed Land Value: $6,570
  • Assessed Improvements Value: $26,290

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210872491
  • Previous Sale Recording Date: Jul 28, 2009
  • Previous Sale Contract Date: Jul 15, 2009
  • Previous Sale Amount: $208,000
  • 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 El Dorado Lakes Golf Community

Stats & Trends

Median Asking:

$569,500

Sale Price/ft²

$278

Below Asking

0.02%

Average Days on Market

78

Average Home Size

3654 ft²

Average Home Age

31.7 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 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 301 W Rosal Place, Chandler, AZ, 85249

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,441 ft²
301 W Rosal Place, Chandler, AZ, 85249 Listing by Adam Gillick
Unit for rent at 1216 W Pinon Avenue, Gilbert, AZ, 85233

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,358 ft²
1216 W Pinon Avenue, Gilbert, AZ, 85233 Listing by Dylan Doherty

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Darwin Wall, Realty ONE Group
Last Updated: 3 months ago
Data Source: ARMLS, MLS# 6255557
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 631 North Sunway Drive built and last sold?
The property at 631 North Sunway Drive was built in 1994 and last sold on Aug 5, 2021 for $422,000.
How much is this home worth?
The estimated value of the home located at 631 North Sunway Drive is $392,010.
What are some comparable homes to 631 North Sunway Drive?
There are currently no comparable homes to 631 North Sunway Drive.
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