3424 E Vernon St · Gilbert, AZ 85298

$510,000

4 bd · 3.0 ba · 1,932 sqft · SingleFamily public records · 51 Days on market

Built 2003 6,357 sqft lot $264/sqft · at area comps Est $516k · at est. $103/mo HOA · 4% 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).

• Appreciation +9.2/10.0
• ARV discount +8.0/15.0
• Cash flow +6.6/30.0
• Schools +4.8/10.0
• Livability +4.4/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +0.8/10.0
• 1% rule +0.7/10.0

Listing remarks MLS

* SEVILLE STUNNER * GOLF COURSE SUBDIVISION * GREAT ROOM FLOORPLAN * 4 BED * 2 BATH * 2 CAR GARAGE * CORNER LOT * WALNUT FINISH LAMINATE FLOORING * 18'' TILE * PRE-WIRED FOR SURROUND SOUND * STAINLESS APPLIANCES * CEILING FANS THROUGHOUT * 9 FT CEILINGS * NORTH/SOUTH EXPOSURE * LOTS OF NATURAL LIGHT * CLOSE TO SAN TAN MALL * CLOSE TO 202 * CLOSE TO GILBERT MERCY * GET IT BEFORE ITS GONE! *

Key facts

• 6,357 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Financial info: Conventional financing available (non-assumable)
• HOA & community: Community pool; Community spa (heated); Golf access; Tennis courts; Playground; Biking/walking paths; Fitness center; Near bus stop; Association dues paid semi-annually; Association fee covers grounds maintenance; No visible trucks/trailers/RVs/boats allowed

Exterior

• Parking: 2 covered parking spaces; 2 open parking spaces; 2-car garage with direct access and garage door opener
• Utilities: City water; Public sewer
• Home design: Single-family residence; Fee simple ownership; Asphalt road access
• Construction: Wood-frame construction with stucco finish; Tile roof
• Exterior features: Stucco and painted wood-frame exterior; Block fencing; Tile roof; Sprinklers in front yard; Auto-timer irrigation front and back; Grass in back; Corner lot; Desert front landscaping; City-maintained road

Interior

• Kitchen: Built-in microwave; Dishwasher; Garbage disposal; Pantry
• Bedrooms: Up to 4 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans; Programmable thermostat
• Interior features: High-speed internet; Double vanity in master bath; Eat-in kitchen; Breakfast bar; 9+ foot flat ceilings; No interior steps; Pantry; Full bathroom in master bedroom; Separate shower and tub; Solar screens; Dual-pane windows
• Laundry & utility: Indoor laundry with washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $510k.

Deal economics

• At list price, monthly cash flow is $-848 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $360k (29.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $290k (43.1% below list).
• Recommended offer: $290k (43.1% below list) — sets the bar for 1% rule.
• Cap rate 4.3% 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.
• 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: Riggs Elementary (math 56% / reading 63%, grade B-, #148 of 1,109 statewide, top 15%, 833 students, 12% FRL); Arizona College Prep Middle School (math 88% / reading 87%, grade A+, #1 of 218 statewide, top 0%, 744 students, 4% FRL); Dr. Camille Casteel High School (math 45% / reading 53%, grade D, #43 of 381 statewide, top 11%, 3,140 students, 12% FRL) — zoned schools average 9% FRL vs 25% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 65% at this address vs 53% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Chandler Unified District #80 (4242) average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.3%/yr); 340 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $46k of equity ($4k loan paydown + $43k 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 ~$74k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($495k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago; this cycle's ask has dropped $29k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $290,033 (43.1% 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 51 days. Have you received any prior offers? Is the seller open to a 43% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.57% ✗
• Cap rate: 4.30%
• Cash-on-cash: -7.13%
• DSCR: 0.68
• GRM: 14.7

CMA / ARV

• ARV (median comp): $515,761
• List price: $510,000
• Delta: -1.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3247 E Ridgewood Ln	0.38mi	3/3.0 (-1)	2,055 (+6%)	6mo	$485,000	$236	62
6092 S Bridal Vail Dr	0.29mi	3/2.0 (-1)	1,749 (-10%)	1mo	$535,000	$306	61
6337 S Blake St	0.61mi	3/2.5 (-1)	1,899 (-2%)	2mo	$435,000	$229	60
3295 E Castanets Dr	0.47mi	4/2.0	2,064 (+7%)	4mo	$560,000	$271	60
3435 E Anika Ct	0.33mi	4/2.0	1,749 (-10%)	7mo	$485,000	$277	59
3686 E Powell Way	0.35mi	3/2.0 (-1)	2,129 (+10%)	3mo	$699,000	$328	55
3392 E Myrtabel Way	0.72mi	4/2.0	2,079 (+8%)	1mo	$645,000	$310	49
6710 S Seton Ave	0.55mi	3/2.0 (-1)	1,750 (-9%)	2mo	$499,900	$286	48
3266 E Sports Dr	0.43mi	3/2.5 (-1)	1,675 (-13%)	6mo	$430,000	$257	46
6508 S Twilight Ct	0.39mi	3/1.5 (-1)	1,693 (-12%)	7mo	$420,000	$248	45
6746 S Goldfinch Dr	0.56mi	3/2.0 (-1)	1,750 (-9%)	7mo	$575,000	$329	44
3021 E Tonto Dr	0.74mi	4/2.0	1,651 (-14%)	3mo	$455,000	$276	34

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: 15.8%
• Equity multiple: 2.20×
• Total profit: $171,648
• Equity at exit: $400,120

10-year hold

• IRR: 15.6%
• Equity multiple: 4.83×
• Total profit: $546,949
• Equity at exit: $806,623

Cash invested: $142,800 (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: 340
• Price-to-rent: 14.7×

Monthly cashflow live

• Estimated rent: $2,900 high
• Mortgage (P&I): −$2,674
• Tax from tax record: −$149 /mo · $1,794/yr
• Insurance: −$212
• HOA: −$103
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $-848

Break-even live

Break-even rent $3,974

Max offer price $360,160

Occupancy floor —

Sensitivity live

Price	-10% $-560	-5% $-704	+0% $-848	+5% $-993	+10% $-1,137
Rent	-10% $-1,077	-5% $-963	+0% $-848	+5% $-734	+10% $-619
Rate	-1.0pp $-591	-0.5pp $-718	base $-848	+0.5pp $-980	+1.0pp $-1,115

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: $127,500
• Closing costs: $15,300
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3329 E Powell Ct Gilbert, AZ	3.0	2.0	1486	$2,345	$1.58	17d	1	0.17mi
3462 E Powell Way Gilbert, AZ	3.0	2.0	1665	$2,295	$1.38	26d	1	0.17mi
3570 E Meadowview Dr Gilbert, AZ	4.0	3.0	2536	$3,200	$1.26	5d	1	0.27mi
3486 E Anika Ct Gilbert, AZ	4.0	2.0	1749	$2,600	$1.49	46d	1	0.38mi
3725 E Meadowview Dr Gilbert, AZ	3.0	2.0	1404	$2,750	$1.96	26d	1	0.46mi
3808 E Flower Ct Gilbert, AZ	3.0	2.5	1628	$2,095	$1.29	7d	1	0.50mi
3067 E Palmdale Ln Gilbert, AZ	3.0	2.0	1675	$2,300	$1.37	17d	1	0.55mi
3868 E Palmer St Gilbert, AZ	3.0	2.5	1899	$2,000	$1.05	46d	1	0.58mi
6334 S Blake St Gilbert, AZ	3.0	2.0	1421	$2,100	$1.48	46d	1	0.59mi
3443 E Riopelle Ave Gilbert, AZ	3.0	2.0	1284	$2,350	$1.83	46d	1	0.60mi
2971 E Ridgewood Ln Gilbert, AZ	3.0	2.0	1675	$2,380	$1.42	46d	1	0.61mi
2965 E Blue Ridge Way Gilbert, AZ	4.0	2.0	1651	$2,400	$1.45	1d	1	0.63mi
2927 E Mead Dr Gilbert, AZ	4.0	2.0	1651	$2,250	$1.36	20d	1	0.68mi
6770 S Tucana Ln Gilbert, AZ	3.0	2.0	2070	$4,500	$2.17	26d	1	0.75mi
6071 S Rockwell St Gilbert, AZ	5.0	3.0	2375	$2,695	$1.13	19d	1	0.83mi
3147 E Vallejo Dr Gilbert, AZ	3.0	2.0	2171	$2,350	$1.08	19d	1	0.87mi
2983 E Ironside Ln Gilbert, AZ	3.0	2.0	2450	$2,450	$1.00	46d	1	0.87mi
2954 E Coconino Dr Gilbert, AZ	4.0	2.0	2180	$2,590	$1.19	5d	1	0.88mi
6943 S View Ln Gilbert, AZ	4.0	3.0	2586	$2,445	$0.95	7d	1	0.90mi
3560 E Merlot St Gilbert, AZ	3.0	2.0	1777	$4,750	$2.67	46d	1	0.97mi
3068 E Ravenswood Dr Gilbert, AZ	4.0	2.0	1815	$2,550	$1.40	1d	1	1.08mi
3068 E Ravenswood Dr Gilbert, AZ	4.0	2.0	1815	$2,550	$1.40	15d	1	1.08mi
6659 S Cartier Dr Gilbert, AZ	3.0	2.0	1665	$2,300	$1.38	20d	1	1.12mi
3636 E Lodgepole Dr Gilbert, AZ	3.0	2.0	1818	$3,075	$1.69	19d	1	1.16mi
3710 E Lodgepole Dr Gilbert, AZ	3.0	2.0	1818	$2,650	$1.46	15d	1	1.19mi
4155 E Clubview Dr Gilbert, AZ	4.0	2.0	2064	$2,600	$1.26	6d	1	1.20mi
6687 S Classic Way Gilbert, AZ	3.0	2.0	2173	$4,300	$1.98	3d	1	1.21mi
5434 S Forest Ave Gilbert, AZ	4.0	2.0	2341	$2,900	$1.24	20d	1	1.26mi
6851 S Birdie Way Gilbert, AZ	4.0	3.0	2591	$2,995	$1.16	7d	1	1.30mi
2543 E Penedes Dr Gilbert, AZ	4.0	3.0	2496	$2,695	$1.08	46d	1	1.41mi
2303 E Citadel Dr Gilbert, AZ	4.0	3.0	2265	$2,750	$1.21	26d	1	1.41mi
2304 E Kelly Dr Gilbert, AZ	4.0	2.0	1797	$2,400	$1.34	1d	1	1.46mi
2304 E Kelly Dr Gilbert, AZ	4.0	2.0	1797	$2,400	$1.34	15d	1	1.46mi
2717 E Ficus Way Gilbert, AZ	3.0	2.0	2295	$2,550	$1.11	0d	1	1.48mi

HOA detail

• Monthly dues: $103 · $1,236/yr

Listing history 34 events

1. 2026-06-21
   days on market $510,000 Active 51 DOM
2. 2026-06-18
   days on market $510,000 Active 48 DOM
3. 2026-06-17
   days on market $510,000 Active 47 DOM
4. 2026-06-16
   days on market $510,000 Active 46 DOM
5. 2026-06-15
   days on market $510,000 Active 45 DOM
6. 2026-06-13
   days on market $510,000 Active 43 DOM
7. 2026-06-13
   pricedays on market $510,000 Active 42 DOM
8. 2026-06-09
   days on market $515,000 Active 39 DOM
9. 2026-06-08
   days on market $515,000 Active 38 DOM
10. 2026-06-07
    days on market $515,000 Active 37 DOM
11. 2026-06-04
    days on market $515,000 Active 34 DOM
12. 2026-06-03
    days on market $515,000 Active 33 DOM
13. 2026-06-02
    days on market $515,000 Active 32 DOM
14. 2026-06-01
    days on market $515,000 Active 31 DOM
15. 2026-05-31
    days on market $515,000 Active 30 DOM
16. 2026-05-09
    price $525,000 1706-char remark
17. 2026-05-01
    listed $539,000 Active 1706-char remark
18. 2021-09-10
    soldstatus $460,000
19. 2021-09-09
    soldstatus $460,000 Closed 393-char remark

    Show marketing remark (393 chars)

    * SEVILLE STUNNER * GOLF COURSE SUBDIVISION * GREAT ROOM FLOORPLAN * 4 BED * 2 BATH * 2 CAR GARAGE * CORNER LOT * WALNUT FINISH LAMINATE FLOORING * 18'' TILE * PRE-WIRED FOR SURROUND SOUND * STAINLESS APPLIANCES * CEILING FANS THROUGHOUT * 9 FT CEILINGS * NORTH/SOUTH EXPOSURE * LOTS OF NATURAL LIGHT * CLOSE TO SAN TAN MALL * CLOSE TO 202 * CLOSE TO GILBERT MERCY * GET IT BEFORE ITS GONE! *

20. 2021-08-19
    historical Under Contract Accepting Backups 393-char remark

    Show marketing remark (393 chars)

    * SEVILLE STUNNER * GOLF COURSE SUBDIVISION * GREAT ROOM FLOORPLAN * 4 BED * 2 BATH * 2 CAR GARAGE * CORNER LOT * WALNUT FINISH LAMINATE FLOORING * 18'' TILE * PRE-WIRED FOR SURROUND SOUND * STAINLESS APPLIANCES * CEILING FANS THROUGHOUT * 9 FT CEILINGS * NORTH/SOUTH EXPOSURE * LOTS OF NATURAL LIGHT * CLOSE TO SAN TAN MALL * CLOSE TO 202 * CLOSE TO GILBERT MERCY * GET IT BEFORE ITS GONE! *

21. 2021-08-10
    listed $460,000 Active 393-char remark

    Show marketing remark (393 chars)

    * SEVILLE STUNNER * GOLF COURSE SUBDIVISION * GREAT ROOM FLOORPLAN * 4 BED * 2 BATH * 2 CAR GARAGE * CORNER LOT * WALNUT FINISH LAMINATE FLOORING * 18'' TILE * PRE-WIRED FOR SURROUND SOUND * STAINLESS APPLIANCES * CEILING FANS THROUGHOUT * 9 FT CEILINGS * NORTH/SOUTH EXPOSURE * LOTS OF NATURAL LIGHT * CLOSE TO SAN TAN MALL * CLOSE TO 202 * CLOSE TO GILBERT MERCY * GET IT BEFORE ITS GONE! *

22. 2012-07-12
    soldstatus $197,750 Closed

    Show marketing remark (667 chars)

    PRICED TO SELL!!!!LOVELY, WELL MAINTAINED TRADITIONAL SALE!! NOT A FLIP, SHORT OR REO! ONLY ONE NEIGHBOR ON THIS VERY PRIVATE CORNER LOT!!RECENT IMPROVEMENTS INCLUDE ALL NEW LIGHTING/CEILING FANS, NEW CARPET IN BEDROOMS, NEW HOT WATER HEATER,SINK, DISPOSAL AND FRESH PAINT 18'' TILE PROFESSIONALY CLEANED AND SEALED AND BEAUTIFUL WALNUT FINISH WOOD LAMINATE FLOORING. WIRED FOR SURROUND, LARGE B-FAST NOOK OPENS TO COURTYARD/PATIO. VERY SPACIOUS FLOORPLAN IN WONDERFUL SCHOOL DISTRICT!! SEE PRIVATE REMARKS!! ALL DRAPERIES AND RODS DO NOT CONVEY. WINDOW BLINDS WILL STAY~ MOTIVATED SELLER HAS CONTRACT ON NEW HOME,CAN DO A QUICK CLOSE OR ENTERTAIN EXTENDED CLOSE :)

23. 2012-07-10
    soldstatus $197,750
24. 2012-06-08
    status Pending

    Show marketing remark (667 chars)

    PRICED TO SELL!!!!LOVELY, WELL MAINTAINED TRADITIONAL SALE!! NOT A FLIP, SHORT OR REO! ONLY ONE NEIGHBOR ON THIS VERY PRIVATE CORNER LOT!!RECENT IMPROVEMENTS INCLUDE ALL NEW LIGHTING/CEILING FANS, NEW CARPET IN BEDROOMS, NEW HOT WATER HEATER,SINK, DISPOSAL AND FRESH PAINT 18'' TILE PROFESSIONALY CLEANED AND SEALED AND BEAUTIFUL WALNUT FINISH WOOD LAMINATE FLOORING. WIRED FOR SURROUND, LARGE B-FAST NOOK OPENS TO COURTYARD/PATIO. VERY SPACIOUS FLOORPLAN IN WONDERFUL SCHOOL DISTRICT!! SEE PRIVATE REMARKS!! ALL DRAPERIES AND RODS DO NOT CONVEY. WINDOW BLINDS WILL STAY~ MOTIVATED SELLER HAS CONTRACT ON NEW HOME,CAN DO A QUICK CLOSE OR ENTERTAIN EXTENDED CLOSE :)

25. 2012-06-01
    price $199,900

    Show marketing remark (667 chars)

    PRICED TO SELL!!!!LOVELY, WELL MAINTAINED TRADITIONAL SALE!! NOT A FLIP, SHORT OR REO! ONLY ONE NEIGHBOR ON THIS VERY PRIVATE CORNER LOT!!RECENT IMPROVEMENTS INCLUDE ALL NEW LIGHTING/CEILING FANS, NEW CARPET IN BEDROOMS, NEW HOT WATER HEATER,SINK, DISPOSAL AND FRESH PAINT 18'' TILE PROFESSIONALY CLEANED AND SEALED AND BEAUTIFUL WALNUT FINISH WOOD LAMINATE FLOORING. WIRED FOR SURROUND, LARGE B-FAST NOOK OPENS TO COURTYARD/PATIO. VERY SPACIOUS FLOORPLAN IN WONDERFUL SCHOOL DISTRICT!! SEE PRIVATE REMARKS!! ALL DRAPERIES AND RODS DO NOT CONVEY. WINDOW BLINDS WILL STAY~ MOTIVATED SELLER HAS CONTRACT ON NEW HOME,CAN DO A QUICK CLOSE OR ENTERTAIN EXTENDED CLOSE :)

26. 2012-05-31
    listed $209,900 Active

    Show marketing remark (667 chars)

    PRICED TO SELL!!!!LOVELY, WELL MAINTAINED TRADITIONAL SALE!! NOT A FLIP, SHORT OR REO! ONLY ONE NEIGHBOR ON THIS VERY PRIVATE CORNER LOT!!RECENT IMPROVEMENTS INCLUDE ALL NEW LIGHTING/CEILING FANS, NEW CARPET IN BEDROOMS, NEW HOT WATER HEATER,SINK, DISPOSAL AND FRESH PAINT 18'' TILE PROFESSIONALY CLEANED AND SEALED AND BEAUTIFUL WALNUT FINISH WOOD LAMINATE FLOORING. WIRED FOR SURROUND, LARGE B-FAST NOOK OPENS TO COURTYARD/PATIO. VERY SPACIOUS FLOORPLAN IN WONDERFUL SCHOOL DISTRICT!! SEE PRIVATE REMARKS!! ALL DRAPERIES AND RODS DO NOT CONVEY. WINDOW BLINDS WILL STAY~ MOTIVATED SELLER HAS CONTRACT ON NEW HOME,CAN DO A QUICK CLOSE OR ENTERTAIN EXTENDED CLOSE :)

27. 2008-10-23
    soldstatus $185,000
28. 2008-09-10
    historical
29. 2008-03-27
    listed $189,900
30. 2005-07-13
    soldstatus $330,000
31. 2005-07-11
    soldstatus $325,000
32. 2005-06-08
    historical
33. 2005-06-03
    listed $325,000
34. 2003-06-26
    soldstatus $180,057

ⓘ 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: $1,794 · $149/mo
• Projected year-2 tax: $3,366 · $280/mo
• Expected delta: +$1,572/yr (+$131/mo · 87.7%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 19 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: $34,804
• − Mortgage interest: −$28,568
• − Property taxes: −$1,794
• − Insurance: −$2,550
• − Repairs & maintenance: −$2,784
• − Management: −$2,784
• − HOA: −$1,236
• − Depreciation: −$14,836
• Taxable loss: −$19,749
• Est. tax savings @ 24.0%: +$4,740
• After-tax cash flow: $-5,439/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

+183.2% since first listed

21 events — show timeline

• 2026-06-12 Price Changed $510,000 ARMLS
• 2026-05-29 Price Changed $515,000 ARMLS
• 2026-05-09 Price Changed $525,000 ARMLS
• 2026-05-01 Listed $539,000 ARMLS
• 2021-09-10 Sold (Public Records) $460,000 Public Records
• 2021-09-09 Sold (MLS) $460,000 ARMLS
• 2021-08-19 Contingent — ARMLS
• 2021-08-10 Listed $460,000 ARMLS
• 2012-07-12 Sold (MLS) $197,750 ARMLS
• 2012-07-10 Sold (Public Records) $197,750 Public Records
• 2012-06-08 Pending — ARMLS
• 2012-06-01 Price Changed $199,900 ARMLS
• 2012-05-31 Listed $209,900 ARMLS
• 2008-10-23 Sold (MLS) $185,000 ARMLS
• 2008-09-10 Listing Removed — ARMLS
• 2008-03-27 Listed $189,900 ARMLS
• 2005-07-13 Sold (Public Records) $330,000 Public Records
• 2005-07-11 Sold (MLS) $325,000 ARMLS
• 2005-06-08 Listing Removed — ARMLS
• 2005-06-03 Listed $325,000 ARMLS
• 2003-06-26 Sold (Public Records) $180,057 Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,794 · +1.0% YoY. Source: county tax records.