2061 E Flintlock Dr · Gilbert, AZ 85298

$689,000

5 bd · 4.0 ba · 3,511 sqft · SingleFamily public records · 13 Days on market

Built 2013 7,475 sqft lot Est $934k · 26% under $116/mo HOA · 3% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +9.2/10.0
• Cash flow +6.2/30.0
• Schools +4.8/10.0
• Livability +4.4/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.5/10.0

Listing remarks MLS

Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

Key facts

• Custom cabinetry
• Covered patio
• Granite countertops

Tags

• MOUNTAIN VIEWS
• CUSTOM CABINETRY
• GRANITE COUNTERTOPS
• WALK-IN PANTRY
• COVERED PATIO
• FLAGSTONE FLOORING

Property features AI

Finance

• HOA & community: Monthly association fee of $116 covering grounds maintenance; Community pool and spa; Community playground; Community fitness center; Biking/walking paths; Near bus stop

Exterior

• Parking: 3 covered parking spaces; 2 open parking spaces; 3-car garage with garage door opener; RV gate; Extended-length garage with direct access
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership; Tile roof; Painted wood frame and stucco construction; City-maintained road access
• Construction: Stucco and wood frame construction; Tile roof
• Exterior features: Desert landscaping front and back; Gravel/stone in front and back; Irrigation front and back; Block fencing; Wrought iron fencing; Mountain views

Interior

• Kitchen: Built-in microwave; Walk-in pantry; Kitchen island; Refrigerator; Dishwasher; Garbage disposal
• Bedrooms: Up to 7 potential bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans
• Interior features: High-speed internet; Granite counters; Double vanity; Eat-in kitchen; Breakfast bar; Vaulted ceilings; Kitchen island; Full bathroom in primary bedroom; Separate shower and tub; Lever door handles; Lever bath faucets
• Laundry & utility: Laundry inside; Gas dryer hookup; Washer/dryer hookup only

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath single-family listed at $689k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $466k (32.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $381k (44.8% below list).
• Recommended offer: $381k (44.8% below list) — sets the bar for 1% rule.
• Cap rate 4.1% vs local median 3.2% in Gilbert — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 87/100 on livability (#1 in AZ, #240 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: health & safety C-, cost of living F.
• Chandler Unified District #80 (4242) (suburban): math 49% / reading 57% proficiency, ranked #31 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Charlotte Patterson Elementary (math 60% / reading 71%, grade B+, #92 of 1,109 statewide, top 9%, 851 students, 8% FRL); Willie & Coy Payne Jr. High (math 47% / reading 53%, grade C, #26 of 218 statewide, top 12%, 1,143 students, 11% FRL); Basha High School (math 61% / reading 61%, grade C+, #17 of 381 statewide, top 4%, 2,814 students, 11% FRL) — zoned schools average 10% FRL vs 25% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.3%/yr); 329 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• In year one you build about $62k of equity ($5k loan paydown + $58k appreciation (8.4% local appreciation)).
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$100k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $390k; list at $689k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $380,661 (44.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.55% ✗
• Cap rate: 4.10%
• Cash-on-cash: -7.84%
• DSCR: 0.65
• GRM: 15.1

CMA / ARV

• ARV (on-the-fly): $933,926
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2199 E Gillcrest Rd	0.22mi	5/3.5	3,512 (0%)	9mo	$606,000	$173	80
2249 E Galileo Dr	0.37mi	5/3.5	3,623 (+3%)	6mo	$835,000	$230	70
1725 E Everglade Ln	0.49mi	4/3.5 (-1)	3,566 (+2%)	5mo	$950,000	$266	64
7616 S Sorrell Ln	0.23mi	5/3.5	3,893 (+11%)	8mo	$760,000	$195	62
2454 E Stacey Rd	0.51mi	4/2.5 (-1)	3,462 (-1%)	1mo	$690,000	$199	62
1966 E Indian Wells Dr	0.39mi	4/3.5 (-1)	3,762 (+7%)	1mo	$834,000	$222	62
1681 E Brigadier Ct	0.52mi	4/3.5 (-1)	3,450 (-2%)	6mo	$1,110,000	$322	61
1955 E Blackhawk Dr	0.47mi	4/3.5 (-1)	3,876 (+10%)	5mo	$1,225,000	$316	49
2336 E Susan Dr	0.39mi	4/3.5 (-1)	3,059 (-13%)	10mo	$900,000	$294	45
7622 S Quinn Ave	0.64mi	4/3.0 (-1)	3,342 (-5%)	10mo	$929,900	$278	45
2425 E Flintlock Dr	0.44mi	5/2.5	2,985 (-15%)	10mo	$684,900	$229	40
7637 S Barlow Dr	0.70mi	4/3.0 (-1)	2,986 (-15%)	1mo	$950,000	$318	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.36% appreciation · 4.31% rent growth · sell at horizon

5-year hold

• IRR: 15.3%
• Equity multiple: 2.16×
• Total profit: $224,442
• Equity at exit: $540,555

10-year hold

• IRR: 15.2%
• Equity multiple: 4.74×
• Total profit: $722,438
• Equity at exit: $1,089,732

Cash invested: $192,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85298

• Home prices YoY: 2.5%
• Rents YoY: 4.3%
• Active inventory: 329
• Price-to-rent: 15.1×

Monthly cashflow live

• Estimated rent: $3,807 high
• Mortgage (P&I): −$3,613
• Tax from tax record: −$252 /mo · $3,021/yr
• Insurance: −$287
• HOA: −$116
• Vacancy / Maint / Mgmt: −$799
• Net cashflow: $-1,261

Break-even live

Break-even rent $5,403

Max offer price $466,274

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $172,250
• Closing costs: $20,670
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2220 E Flintlock Dr Gilbert, AZ	4.0	3.0	2643	$2,950	$1.12	23d	1	0.20mi
7657 S Debra Dr Gilbert, AZ	5.0	3.5	3512	$3,700	$1.05	1d	1	0.28mi
1949 E Bellflower Ct Gilbert, AZ	4.0	4.5	4345	$4,400	$1.01	44d	1	0.29mi
2756 E Hickory St Gilbert, AZ	4.0	3.0	2873	$2,995	$1.04	21d	1	0.88mi
2756 E Hickory St Gilbert, AZ	4.0	2.5	2873	$2,995	$1.04	23d	1	0.88mi
3010 E Augusta Ave Gilbert, AZ	5.0	3.5	2938	$3,795	$1.29	43d	1	1.36mi
6907 S Emerald Pl Chandler, AZ	5.0	4.0	3803	$3,295	$0.87	14d	1	1.49mi
6907 S Emerald Pl Chandler, AZ	5.0	4.0	3803	$2,995	$0.79	17d	1	1.49mi

HOA detail

• Monthly dues: $116 · $1,392/yr

Listing history 33 events

1. 2026-06-10
   status $689,000 Pending 13 DOM
2. 2026-06-09
   days on market $689,000 Active 13 DOM
3. 2026-06-08
   days on market $689,000 Active 12 DOM
4. 2026-06-07
   days on market $689,000 Active 11 DOM
5. 2026-06-04
   days on market $689,000 Active 8 DOM
6. 2026-06-03
   days on market $689,000 Active 7 DOM
7. 2026-06-02
   days on market $689,000 Active 6 DOM
8. 2026-06-01
   days on market $689,000 Active 5 DOM
9. 2026-05-31
   days on market $689,000 Active 4 DOM
10. 2026-05-27
    listed $689,000 Active
11. 2024-04-23
    historical $2,998
12. 2024-04-10
    price $2,998
13. 2024-03-19
    listed $3,198
14. 2024-03-18
    historical $3,198
15. 2024-03-18
    listed $3,198
16. 2019-10-21
    soldstatus $390,000 Closed 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

17. 2019-10-21
    soldstatus $390,000

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

18. 2019-09-05
    status Pending 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

19. 2019-08-28
    status Active 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

20. 2019-06-26
    status Pending 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

21. 2019-05-24
    price $409,500 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

22. 2019-05-07
    status Active 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

23. 2019-05-07
    historical 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

24. 2019-04-27
    price $414,500 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

25. 2019-04-12
    price $424,500 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

26. 2019-03-21
    price $425,000 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

27. 2019-02-16
    price $427,500 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

28. 2019-01-19
    price $429,900 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

29. 2019-01-19
    price $393,900 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

30. 2019-01-05
    price $434,900 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

31. 2018-12-15
    price $439,000 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

32. 2018-11-11
    listed $440,000 Active 800-char remark

    Show marketing remark (800 chars)

    Do not miss this beautiful move-in ready 5 bed, 3.5 bath home in Gilbert with the master bed and full bathroom downstairs! When you walk in the front door you will feel right at home; the vaulted ceilings enhance the open floor plan. Step into your chef inspired kitchen where you will have all the cabinet space you will need, generous countertop room, and a kitchen island that has a breakfast bar that will make it easy for you to entertain. Upstairs there is an open loft that is a bonus living area that you can use as a playroom or an office. All of the bedrooms are spacious with plenty of storage space. In the backyard, there is a custom built fireplace that you and your guests can enjoy on the cooler Arizona evenings or relax under the extended covered patio. Schedule your showing today!

33. 2018-11-02
    soldstatus $432,300

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $3,021 · $252/mo
• Projected year-2 tax: $4,547 · $379/mo
• Expected delta: +$1,526/yr (+$127/mo · 50.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,679
• − Mortgage interest: −$38,595
• − Property taxes: −$3,021
• − Insurance: −$3,445
• − Repairs & maintenance: −$3,654
• − Management: −$3,654
• − HOA: −$1,392
• − Depreciation: −$20,044
• Taxable loss: −$28,126
• Est. tax savings @ 24.0%: +$6,750
• After-tax cash flow: $-8,379/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Chandler Unified District #80 (4242)
• NCES district ID: 0401870
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 57% ▼ -2.00%
• Median HH income: $74,048
• Composite: 47.54/100
• National rank: #2268
• State rank: #31 of 249 in AZ

Livability — Gilbert

• Score: 87/100
• State rank: #1
• US rank: #240

Category grades

Amenities A+ Commute A Cost of living F Crime A Employment A+ Housing A+ Health & safety C- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gilbert, AZ
• County: Maricopa County · 4,537,380 people
• City population: 281,769
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 44,114
• Household income: $156,425
• Rent vs Own: 8.9% rent · 91.1% own
• Severe rent burden: 173.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 11% Asian 7% Black 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 3%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.36%
• Current HPI: 343.6932
• Rent YoY: ▲ 4.31%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+59.4% since first listed

24 events — show timeline

• 2026-05-27 Listed $689,000 ARMLS
• 2024-04-23 Rental Removed $2,998 ARMLS
• 2024-04-10 Price Changed $2,998 ARMLS
• 2024-03-19 Listed for Rent $3,198 ARMLS
• 2024-03-18 Rental Removed $3,198 ARMLS
• 2024-03-18 Listed for Rent $3,198 ARMLS
• 2019-10-21 Sold (Public Records) $390,000 Public Records
• 2019-10-21 Sold (MLS) $390,000 ARMLS
• 2019-09-05 Pending — ARMLS
• 2019-08-28 Relisted — ARMLS
• 2019-06-26 Pending — ARMLS
• 2019-05-24 Price Changed $409,500 ARMLS
• 2019-05-07 Relisted — ARMLS
• 2019-05-07 Listing Removed — ARMLS
• 2019-04-27 Price Changed $414,500 ARMLS
• 2019-04-12 Price Changed $424,500 ARMLS
• 2019-03-21 Price Changed $425,000 ARMLS
• 2019-02-16 Price Changed $427,500 ARMLS
• 2019-01-19 Price Changed $429,900 ARMLS
• 2019-01-19 Price Changed $393,900 ARMLS
• 2019-01-05 Price Changed $434,900 ARMLS
• 2018-12-15 Price Changed $439,000 ARMLS
• 2018-11-11 Listed $440,000 ARMLS
• 2018-11-02 Sold (Public Records) $432,300 Public Records

Property tax history

+19.5%/yr

Latest (2025): $3,021 · +1.2% YoY. Source: county tax records.