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Gilbert 85296 Neely Commons
838 E CATHY Drive
Photo of 838 E CATHY Drive
Sold on Jun 30, 2026

22

Map

Photo of 838 E CATHY Drive
Photo of 838 E CATHY Drive
$464,500
● House - Off Market

838 E CATHY Drive

Gilbert, AZ 85296
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,370 Ft²
$2,598
Est. Monthly
$198
HOA / Fees

About This Property

Welcome to this move-in ready, single-level home in the heart of Gilbert, offering the perfect blend of comfort, convenience, and low-maintenance living. This exceptionally clean 3-bedroom, 2-bathroom home features an open floor plan that creates a bright and functional living space ideal for both everyday living and entertaining. The interior has been recently repainted, giving the home a fresh, modern feel throughout. The remodeled bathrooms add a stylish, updated touch, while the extended length garage provides extra space for storage, larger vehicles, or even a golf cart. The washer, dryer, and refrigerator convey, along with a water softener already in place, making this home truly move-in ready. The low-maintenance yard makes it perfect for a lock-and-leave lifestyle. Conveniently located near shopping, golf courses, major freeways, and Downtown Gilbert dining and entertainment, this home offers both comfort and convenience in a highly desirable location.
Unit Size
1,370 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$339
Property Type
House
Property Taxes
$118
HOA Dues
$198
Year Built
2001

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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: 5 months ago (ARMLS #6988863)

Price History

Date / Event Date Event Price
Jun 30, 2026 Sold
Premium
Sold
Jun 10, 2026 In contract -
In contract
May 27, 2026 Price Decreased $464,500
↓ $500 (0.1%)
Price Decreased
Feb 24, 2026 Listed by Keller Williams Integrity First $465,000
Listed by Keller Williams Integrity First
Jul 5, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,446
  • Total Building Area: 1,370
  • Gross Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEELY COMMONS PHASE 2
  • Land Acres: 0000000125
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: NEELY COMMONS PHASE 2 MCR 512-47

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 814500

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 51247
  • Subdivision Phase Number: 2
  • Parcel: 309-25-185
  • Lot: 185
  • Meridian: SEC 20 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.3297
  • Longitude: -111.772

    Address

  • Full Address: 838 E Cathy Dr
  • Address - House Number: 838
  • Street Direction: E
  • Address - Street Name: Cathy
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R056
  • 4-Digit Zip Code: 3638
  • Zip Code: 85296

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $137,438
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1422
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 467,979
  • High Value: 534,545
  • Low Value: 401,414

    Market Valuation

  • Market Total Value: $317,300
  • Market Land Value: $63,400
  • Market Improvement Value: $253,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,730
  • Assessed Land Value: $6,340
  • Assessed Improvements Value: $25,390

    Sales

  • Current Sale Contract Date: Jul 05, 2023
  • Current Sale Recording Date: Jul 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 349589
  • Previous Sale Recording Date: Dec 07, 2001
  • Previous Sale Contract Date: Sep 27, 2001
  • Previous Sale Amount: $146,054
  • Previous Sale Document Type: 27
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 Commons

Stats & Trends

Median Asking:

$499,450

Sale Price/ft²

$292

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1220 ft²

Average Home Age

22.8 years

Currently For Sale

5 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 2913 E Tulsa Street, Chandler, AZ, 85225

$2,975 /mo

  • 5 Beds
  • 3 Baths
  • 3,097 ft²
2913 E Tulsa Street, Chandler, AZ, 85225 Listing by Jeanine R Watson
Unit for rent at 2032 E Catclaw Street, Gilbert, AZ, 85296

$1,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,116 ft²
2032 E Catclaw Street, Gilbert, AZ, 85296 Listing by Keenan Freeman
Unit for rent at 873 E Saratoga Street, Gilbert, AZ, 85296

$2,250 /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.
ARMLS

Listed by: Dave Rutter, Keller Williams Integrity First
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6988863
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 838 East Cathy Drive built and last sold?
The property at 838 East Cathy Drive was built in 2001 and last sold on Jul 5, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 838 East Cathy Drive is $467,244.
What are some comparable homes to 838 East Cathy Drive?
There are currently no comparable homes to 838 East Cathy Drive.
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