Rare Acreage in Gilbert. Nearly 5 acres. Existing home is approximately 2700 sqft. Or build your own dream home in the heart of Gilbert on this irrigated horse property. Looking for an investment property - Many Development Opportunities are available on these 3 parcels currently zoned R43. Adjoining nearly 5 acre parcel may also be available for those seeking larger acreage. Don't miss this rare opportunity to live on or develop roughly 5-10 acres in a highly desired Gilbert location - just 1.5 miles to Loop 202 or 4 miles to US 60.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1964
Stories: 1
Living Area: 2,685 SqFt
Listing Office:
Office Name: Mesa Verde Real Estate
Office Phone: (480) 220-2187
Listing Agent: Val Carroll
Interior Features
Interior Information:
Flooring Type: Carpet, Vinyl
Interior: Eat-in Kitchen, Full Bth Master Bdrm, Laminate Counters
Fireplace: 1 Fireplace
Bedroom and Bathroom Information:
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Covered Patio(s)
Lot Features
Lot Information:
Lot Size: 4.88 Acres
Utilities
Utilities Information:
Heating: Electric
Other
Directions Information:
Directions: North on Val Vista approximately 1/2 mile. Immediately North of E Knox Rd on East side of Val Vista.
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Price Per SqFt: $1,304/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Gilbert, AZ.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Ashland Ranch Elementary School
1945 S Ashland Ranch Rd
Distance between this listing and this school1.11 miles
Public District Grades PK-6
8
/10
Finley Farms Elementary School
375 S Columbus Dr
Distance between this listing and this school1.28 miles
Public District Grades PK-6
8
/10
Mesquite Elementary School
1000 E Mesquite St
Distance between this listing and this school1.29 miles
Public District Grades PK-6
Nearby Schools
7
/10
South Valley Junior High School
2034 S Lindsay Rd
Distance between this listing and this school1.61 miles
Public District Grades 7-8
7
/10
Greenfield Junior High School
101 S Greenfield Rd
Distance between this listing and this school1.73 miles
Public District Grades 7-8
4
/10
Mesquite Junior High School
130 W Mesquite St
Distance between this listing and this school2.52 miles
Public District Grades 7-8
Nearby Schools
3
/10
Desert Hills High School
1515 S Val Vista Dr
Distance between this listing and this school0.39 miles
Public Charter Grades 9-12
6
/10
Leading Edge Academy Online
633 E Ray Rd Ste 132
Distance between this listing and this school1.35 miles
Public Charter Grades 6-12
5
/10
Gilbert High School
1101 E Elliot Rd
Distance between this listing and this school1.56 miles
The neighbors living near this home have an average income of $76,230. The most common annual income of people living in Gilbert, AZ is between $35k-100k. Typical family type is married, with kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Gilbert, AZ
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Gilbert, AZ?
Gilbert's housing market is diverse, offering a range of options from spacious single-family homes to convenient apartments and townhouses. The architectural styles vary, with a prevalence of contemporary and ranch-style homes reflecting the area's growth spurt in the late 20th and early 21st centuries. The homeownership rate is high, with a significant majority of residents owning their homes, while the remainder of the population resides in rental properties.
Is Gilbert, AZ a good place to live?
Gilbert is celebrated for its family-friendly atmosphere and community-oriented lifestyle. The town prides itself on its well-maintained parks, recreational facilities, and a calendar filled with community events and festivals that showcase local traditions and foster a strong sense of belonging among residents.
Are things conveniently located in Gilbert, AZ?
The community is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare is accessible through local clinics and a regional hospital equipped with various specialized services. Gilbert also features a network of public libraries and a vibrant retail and dining scene that mirrors the town's cultural diversity.
What does the transportation in Gilbert, AZ look like?
Transportation in Gilbert includes a mix of private and public transit options, with local bus services operating on a set schedule. The town is characterized by areas of high walkability, particularly around the downtown core, and has made investments in bike lanes to encourage cycling. Major roads and highways connect Gilbert to neighboring cities, facilitating commuting and regional travel.
Frequently Asked Questions About 1187 S Val Vista Dr
What is the listing price of this property?
The listing price of 1187 S Val Vista Dr property is $3,500,000.
What type of property is this?
The property 1187 S Val Vista Dr is a house located in Gilbert, Arizona, 85296.
Is this property for sale now?
Active Listing: 1187 S Val Vista Dr is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 1187 S Val Vista Dr has 4 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 1187 S Val Vista Dr is 2,685 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1187 S Val Vista Dr is 1964.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1187 S Val Vista Dr in Gilbert, AZ and zip code 85296. This 2,685 square foot home, which was built in 1964, sits on a 4.88 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $3,500,000.
Over 28 listings were sold over their listed price in November 2024 in Gilbert, AZ. In the same period over 133 listings were sold below the listed price and 46 listings were sold for the listed price. Between October 2024 and November 2024, Gilbert, AZ real estate market has seen decrease in the number of listings by 3.1%. While the average time on the market in November 2024 was 61 days, the median list price was $586,666.
From Rocket Homes Real Estate and based on county public records data.