3595 E Latham Way · Gilbert, AZ 85297

$849,000

7 bd · 4.0 ba · 4,015 sqft · SingleFamily public records · 73 Days on market

Built 2002 0.25 ac lot Est $827k · at est. $75/mo HOA · 1% 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).

• Cash flow +12.2/30.0
• ARV discount +6.3/15.0
• Schools +5.2/10.0
• Livability +4.4/5.0
• DSCR +3.6/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Just WOW!! This gorgeous 7 bed, 3 bath two-story home in Coronado Ranch is a rare gem! A 3-car garage, RV gate, and mature landscape w/natural grass front & back are just the beginning. Discover a fabulous interior showcasing formal living & dining rooms, high vaulted ceilings, designer palette, window treatments, tile & wood-look floors downstairs, soft carpet on the upper level, and abundant natural light. The family room opens to the kitchen, boasting a fireplace for chilly nights! Enjoy cooking in this impressive kitchen offering sleek SS appliances, granite counters, subway tile backsplash, a built-in desk, recessed lighting, a pantry, white staggered cabinetry w/crown molding, and an island w/breakfast bar. Large bonus room upstairs is ideal for a game/media area! Double-door main bedroom includes an ensuite with a separate tub/shower, dual sink, & two walk-in closets. Two bedrooms downstairs that can be your office/study room as well. You'll surely love the spacious backyard, ideal for relaxing & entertaining! A covered patio, grassy area, multiple seating areas, and a fenced sparkling pool w/waterfall feature complete the picture. This fantastic property simply has it all! Don't miss the opportunity!

Key facts

• Rv gate
• 3 car garage
• Expansive backyard

Tags

• 3 CAR GARAGE
• RV GATE
• MATURE LANDSCAPING
• NATURAL GRASS FRONT
• NATURAL GRASS REAR
• EXPANSIVE BACKYARD

Property features AI

Finance

• Financial info: Current financing is non-assumable
• HOA & community: Homeowners association with quarterly fee of $226; Association covers grounds maintenance; Community playground; Biking/walking paths

Exterior

• Parking: 3 covered parking spaces; 3 open parking spaces; 3-car garage; RV gate; Garage door opener; Direct garage access
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership
• Construction: Stucco and painted wood-frame construction; Tile roof
• Exterior features: Private yard; Storage; Block fencing; Gravel/stone front and back yards; Grass front and back yards; Private pool with variable-speed pump and play area

Interior

• Kitchen: Built-in microwave; Kitchen island; Pantry; Dishwasher; Garbage disposal
• Bedrooms: Upstairs bedrooms possible (up to 8)
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Heat pump; Mini split heating; Central air; Ceiling fans; Programmable thermostat
• Interior features: High-speed internet; Granite counters; Double vanity in bath; Eat-in kitchen; Breakfast bar; 9+ foot flat ceilings; Vaulted ceilings; Kitchen island; Pantry; Primary bedroom with full bath; Separate shower and tub; Tub with jets; Dual-pane vinyl-frame windows; Gas fireplace in family room
• Laundry & utility: Indoor laundry; Washer/dryer hookup only

What this means for you Summary

Snapshot

• This is a 7-bed/4.0-bath single-family listed at $849k.

Deal economics

• At list price, monthly cash flow is $-167 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $820k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $628k (26.0% below list).
• Recommended offer: $628k (26.0% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.2% in Gilbert — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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.
• Higley Unified School District (4248) (suburban): math 56% / reading 58% proficiency, ranked #21 of 249 in AZ (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Coronado Elementary School (math 66% / reading 66%, grade B+, #82 of 1,109 statewide, top 8%, 582 students, 15% FRL); Cooley Middle School (math 51% / reading 44%, grade C-, #36 of 218 statewide, top 18%, 873 students, 24% FRL); Williams Field High School (math 38% / reading 45%, grade F, #68 of 381 statewide, top 18%, 2,115 students, 18% FRL) — zoned schools at 19% FRL track the district average.
• Market conditions: Rents soft (-1.6%/yr); 210 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• At $6,281/mo this rent would consume 58% of the median local household income ($131k/yr) (locally 868% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $25k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($798k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $628,085 (26.0% 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. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $827,090
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3723 E Kimball Rd	0.17mi	6/4.0 (-1)	4,015 (0%)	5mo	$775,000	$193	83
3419 E Rosa Ln	0.33mi	6/4.5 (-1)	3,938 (-2%)	13mo	$810,000	$206	64
4290 S Ramona St	0.36mi	6/4.0 (-1)	3,740 (-7%)	14mo	$950,000	$254	55

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.7%
• Equity multiple: 0.30×
• Total profit: $-166,963
• Equity at exit: $126,589

10-year hold

• IRR: -21.4%
• Equity multiple: 0.03×
• Total profit: $-231,661
• Equity at exit: $73,406

Cash invested: $237,720 (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 85297

• Home prices YoY: -3.4%
• Rents YoY: -1.6%
• Active inventory: 210
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $6,281 medium
• Mortgage (P&I): −$4,452
• Tax from tax record: −$248 /mo · $2,972/yr
• Insurance: −$354
• HOA: −$75
• Vacancy / Maint / Mgmt: −$1,319
• Net cashflow: $-167

Break-even live

Break-even rent $6,492

Max offer price $819,536

Occupancy floor 98%

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: $212,250
• Closing costs: $25,470
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3355 E Indigo St Gilbert, AZ	6.0	5.0	4036	$6,900	$1.71	3d	1	0.89mi
3551 S Sterling Ct Gilbert, AZ	6.0	4.5	4593	$12,500	$2.72	24d	1	1.34mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: waterpool

Listing history 23 events

1. 2026-06-18
   days on market $849,000 Active 73 DOM
2. 2026-06-17
   days on market $849,000 Active 72 DOM
3. 2026-06-16
   days on market $849,000 Active 71 DOM
4. 2026-06-15
   days on market $849,000 Active 70 DOM
5. 2026-06-13
   days on market $849,000 Active 68 DOM
6. 2026-06-09
   days on market $849,000 Active 64 DOM
7. 2026-06-08
   days on market $849,000 Active 63 DOM
8. 2026-06-07
   days on market $849,000 Active 62 DOM
9. 2026-06-04
   days on market $849,000 Active 59 DOM
10. 2026-06-03
    pricedays on market $849,000 Active 58 DOM
11. 2026-06-02
    days on market $860,000 Active 57 DOM
12. 2026-06-01
    days on market $860,000 Active 56 DOM
13. 2026-05-31
    days on market $860,000 Active 55 DOM
14. 2026-05-12
    price $860,000
15. 2026-04-01
    listed $870,000 Active
16. 2023-04-13
    soldstatus $740,000 Closed 1247-char remark

    Show marketing remark (1247 chars)

    Just WOW!! This gorgeous 7 bed, 3 bath two-story home in Coronado Ranch is a rare gem! A 3-car garage, RV gate, and mature landscape w/natural grass front & back are just the beginning. Discover a fabulous interior showcasing formal living & dining rooms, high vaulted ceilings, designer palette, window treatments, tile & wood-look floors downstairs, soft carpet on the upper level, and abundant natural light. The family room opens to the kitchen, boasting a fireplace for chilly nights! Enjoy cooking in this impressive kitchen offering sleek SS appliances, granite counters, subway tile backsplash, a built-in desk, recessed lighting, a pantry, white staggered cabinetry w/crown molding, and an island w/breakfast bar. Large bonus room upstairs is ideal for a game/media area! Double-door main bedroom includes an ensuite with a separate tub/shower, dual sink, & two walk-in closets. Two bedrooms downstairs that can be your office/study room as well. You'll surely love the spacious backyard, ideal for relaxing & entertaining! A covered patio, grassy area, multiple seating areas, and a fenced sparkling pool w/waterfall feature complete the picture. This fantastic property simply has it all! Don't miss the opportunity!

17. 2023-04-13
    soldstatus $740,000

    Show marketing remark (1247 chars)

    Just WOW!! This gorgeous 7 bed, 3 bath two-story home in Coronado Ranch is a rare gem! A 3-car garage, RV gate, and mature landscape w/natural grass front & back are just the beginning. Discover a fabulous interior showcasing formal living & dining rooms, high vaulted ceilings, designer palette, window treatments, tile & wood-look floors downstairs, soft carpet on the upper level, and abundant natural light. The family room opens to the kitchen, boasting a fireplace for chilly nights! Enjoy cooking in this impressive kitchen offering sleek SS appliances, granite counters, subway tile backsplash, a built-in desk, recessed lighting, a pantry, white staggered cabinetry w/crown molding, and an island w/breakfast bar. Large bonus room upstairs is ideal for a game/media area! Double-door main bedroom includes an ensuite with a separate tub/shower, dual sink, & two walk-in closets. Two bedrooms downstairs that can be your office/study room as well. You'll surely love the spacious backyard, ideal for relaxing & entertaining! A covered patio, grassy area, multiple seating areas, and a fenced sparkling pool w/waterfall feature complete the picture. This fantastic property simply has it all! Don't miss the opportunity!

18. 2023-03-09
    status Pending 1247-char remark

    Show marketing remark (1247 chars)

    Just WOW!! This gorgeous 7 bed, 3 bath two-story home in Coronado Ranch is a rare gem! A 3-car garage, RV gate, and mature landscape w/natural grass front & back are just the beginning. Discover a fabulous interior showcasing formal living & dining rooms, high vaulted ceilings, designer palette, window treatments, tile & wood-look floors downstairs, soft carpet on the upper level, and abundant natural light. The family room opens to the kitchen, boasting a fireplace for chilly nights! Enjoy cooking in this impressive kitchen offering sleek SS appliances, granite counters, subway tile backsplash, a built-in desk, recessed lighting, a pantry, white staggered cabinetry w/crown molding, and an island w/breakfast bar. Large bonus room upstairs is ideal for a game/media area! Double-door main bedroom includes an ensuite with a separate tub/shower, dual sink, & two walk-in closets. Two bedrooms downstairs that can be your office/study room as well. You'll surely love the spacious backyard, ideal for relaxing & entertaining! A covered patio, grassy area, multiple seating areas, and a fenced sparkling pool w/waterfall feature complete the picture. This fantastic property simply has it all! Don't miss the opportunity!

19. 2023-01-20
    listed $750,000 Active 1247-char remark

    Show marketing remark (1247 chars)

    Just WOW!! This gorgeous 7 bed, 3 bath two-story home in Coronado Ranch is a rare gem! A 3-car garage, RV gate, and mature landscape w/natural grass front & back are just the beginning. Discover a fabulous interior showcasing formal living & dining rooms, high vaulted ceilings, designer palette, window treatments, tile & wood-look floors downstairs, soft carpet on the upper level, and abundant natural light. The family room opens to the kitchen, boasting a fireplace for chilly nights! Enjoy cooking in this impressive kitchen offering sleek SS appliances, granite counters, subway tile backsplash, a built-in desk, recessed lighting, a pantry, white staggered cabinetry w/crown molding, and an island w/breakfast bar. Large bonus room upstairs is ideal for a game/media area! Double-door main bedroom includes an ensuite with a separate tub/shower, dual sink, & two walk-in closets. Two bedrooms downstairs that can be your office/study room as well. You'll surely love the spacious backyard, ideal for relaxing & entertaining! A covered patio, grassy area, multiple seating areas, and a fenced sparkling pool w/waterfall feature complete the picture. This fantastic property simply has it all! Don't miss the opportunity!

20. 2004-12-02
    soldstatus $415,000 661-char remark

    Show marketing remark (661 chars)

    Bring your best clients and a contract. This home has everything! 1st floor- tile in kitchen, dining,foyer,bthrm and laundry. Kitchen has upgraded oak cabinets w/crown molding, granite counters, double pantry, pull-out shelves and stainless steel appliances. 3 bdrms+ master, and Game/Media(or 7th bedrm) upstairs with laundry shoot. Downstairs- other bedrm and den/office/bdrm. Custom paint throughout. Pebbletec pool w/waterfall, extended patio, grassy play area and oversized lot makes this backyard the best in the neighborhood. Home is set up with h20 softener and RO system. Surround sound in both family rm and media rm. Extra large 3 car garage as well.

21. 2004-12-02
    soldstatus $415,000

    Show marketing remark (661 chars)

    Bring your best clients and a contract. This home has everything! 1st floor- tile in kitchen, dining,foyer,bthrm and laundry. Kitchen has upgraded oak cabinets w/crown molding, granite counters, double pantry, pull-out shelves and stainless steel appliances. 3 bdrms+ master, and Game/Media(or 7th bedrm) upstairs with laundry shoot. Downstairs- other bedrm and den/office/bdrm. Custom paint throughout. Pebbletec pool w/waterfall, extended patio, grassy play area and oversized lot makes this backyard the best in the neighborhood. Home is set up with h20 softener and RO system. Surround sound in both family rm and media rm. Extra large 3 car garage as well.

22. 2004-10-21
    historical 661-char remark

    Show marketing remark (661 chars)

    Bring your best clients and a contract. This home has everything! 1st floor- tile in kitchen, dining,foyer,bthrm and laundry. Kitchen has upgraded oak cabinets w/crown molding, granite counters, double pantry, pull-out shelves and stainless steel appliances. 3 bdrms+ master, and Game/Media(or 7th bedrm) upstairs with laundry shoot. Downstairs- other bedrm and den/office/bdrm. Custom paint throughout. Pebbletec pool w/waterfall, extended patio, grassy play area and oversized lot makes this backyard the best in the neighborhood. Home is set up with h20 softener and RO system. Surround sound in both family rm and media rm. Extra large 3 car garage as well.

23. 2004-10-16
    listed $410,000 661-char remark

    Show marketing remark (661 chars)

    Bring your best clients and a contract. This home has everything! 1st floor- tile in kitchen, dining,foyer,bthrm and laundry. Kitchen has upgraded oak cabinets w/crown molding, granite counters, double pantry, pull-out shelves and stainless steel appliances. 3 bdrms+ master, and Game/Media(or 7th bedrm) upstairs with laundry shoot. Downstairs- other bedrm and den/office/bdrm. Custom paint throughout. Pebbletec pool w/waterfall, extended patio, grassy play area and oversized lot makes this backyard the best in the neighborhood. Home is set up with h20 softener and RO system. Surround sound in both family rm and media rm. Extra large 3 car garage as well.

ⓘ 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: $2,972 · $248/mo
• Projected year-2 tax: $5,603 · $467/mo
• Expected delta: +$2,631/yr (+$219/mo · 88.5%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 6 d/yr ≥111°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $75,370
• − Mortgage interest: −$47,557
• − Property taxes: −$2,972
• − Insurance: −$4,245
• − Repairs & maintenance: −$6,030
• − Management: −$6,030
• − HOA: −$900
• − Depreciation: −$24,698
• Taxable loss: −$17,061
• Est. tax savings @ 24.0%: +$4,095
• After-tax cash flow: $2,093/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: Higley Unified School District (4248)
• NCES district ID: 0403780
• Math proficiency: 56% ▼ -10.00%
• Reading proficiency: 58% ▼ -8.00%
• Median HH income: $82,526
• Composite: 51.7/100
• National rank: #1688
• State rank: #21 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): 37,475
• Household income: $130,755
• Rent vs Own: 25.2% rent · 74.8% own
• Severe rent burden: 868.0

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 (66%)
• Race & ethnicity: White 66% Hispanic / Latino 15% Two or more races 14% Asian 8% Black 3%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Portuguese 2% Iranian 2% Slovak 2%
• Foreign-born: 10% · Canada, Vietnam, China
• Languages at home: 86% English-only · Spanish 5% Other Indo-European 2% Korean 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: ▼ -11.20%
• Current HPI: 315.566
• Rent YoY: ▼ -1.55%
• 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

+109.8% since first listed

10 events — show timeline

• 2026-05-12 Price Changed $860,000 ARMLS
• 2026-04-01 Listed $870,000 ARMLS
• 2023-04-13 Sold (Public Records) $740,000 Public Records
• 2023-04-13 Sold (MLS) $740,000 ARMLS
• 2023-03-09 Pending — ARMLS
• 2023-01-20 Listed $750,000 ARMLS
• 2004-12-02 Sold (Public Records) $415,000 Public Records
• 2004-12-02 Sold (MLS) $415,000 ARMLS
• 2004-10-21 Listing Removed — ARMLS
• 2004-10-16 Listed $410,000 ARMLS

Property tax history

+0.6%/yr

Latest (2025): $2,972 · -5.9% YoY. Source: county tax records.