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Gilbert 85233 Neely Ranch
674 W ORCHARD Way
Photo of 674 W ORCHARD Way
Sold on Oct 2, 2026

35

Map

Photo of 674 W ORCHARD Way
Photo of 674 W ORCHARD Way
$545,000
● House - Off Market

674 W ORCHARD Way

Gilbert, AZ 85233
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,177 Ft²
$3,223
Est. Monthly
$367
HOA / Fees

About This Property

Remodeled Gilbert home sits on a corner lot and features 4 bedrooms plus separate living, family and formal dining areas, all new flooring including wood plank tile, carpet & pad, new baseboards, fresh interior paint, kitchen features quartz counters and under mount farmhouse sink + new faucet, large island, stainless steel appliances, brand new white shaker cabinets with soft close drawers & cabinet hardware,, recessed lighting, eat-in kitchen, opening to large great room, owners bath has new vanity, quartz counters, new mirrors and  faucets, custom tiled shower & walk-in closet, new 2' blinds, new ceiling fan light fixtures & door hardware, covered patio overlooking  good sized yard with new artificial turf, new water heater, located in the heart of Gilbert close to the popular downtown
Unit Size
2,177 Ft²
Days on Market
39 days
Land Size
0.19 acres
Price per sqft
$253
Property Type
House
Property Taxes
$156
HOA Dues
$367
Year Built
1999

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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: 2 months ago (ARMLS #7065203)

Price History

Date / Event Date Event Price
Oct 2, 2026 Sold
Premium
Sold
Aug 28, 2026 In contract -
In contract
Aug 11, 2026 Listed by Real Broker $549,900
Listed by Real Broker
Jul 16, 1999 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 2
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 8,165
  • Total Building Area: 2,177
  • Gross Building Area: 2,177
  • Building Area: 2,177
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,177
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEELY RANCH
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: NEELY RANCH MCR 377-38

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422401

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 37738
  • Parcel: 302-20-121
  • Lot: 115
  • Meridian: SEC 12 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3525
  • Longitude: -111.804

    Address

  • Full Address: 674 W Orchard Way
  • Address - House Number: 674
  • Street Direction: W
  • Address - Street Name: Orchard
  • Address - Suffix Type: Way
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: C017
  • 4-Digit Zip Code: 5333
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $180,904
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 566,145
  • High Value: 642,764
  • Low Value: 489,525

    Market Valuation

  • Market Total Value: $393,100
  • Market Land Value: $78,600
  • Market Improvement Value: $314,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,310
  • Assessed Land Value: $7,860
  • Assessed Improvements Value: $31,450

    Sales

  • Current Sale Contract Date: Feb 04, 1999
  • Current Sale Recording Date: Jul 16, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 99-0676159
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 Neely Ranch

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2314 ft²

Average Home Age

26.7 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 518 W Scott Avenue, Gilbert, AZ, 85233

$2,930 /mo

  • 4 Beds
  • 3 Baths
  • 2,374 ft²
518 W Scott Avenue, Gilbert, AZ, 85233 Listing by Lin Lin
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: Kenny Klaus, Real Broker
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 7065203
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 674 West Orchard Way built and last sold?
The property at 674 West Orchard Way was built in 1999 and last sold on Feb 4, 1999 for $155,770.
How much is this home worth?
The estimated value of the home located at 674 West Orchard Way is $555,399.
What are some comparable homes to 674 West Orchard Way?
There are currently no comparable homes to 674 West Orchard Way.
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