tomo logo

$1,200,000

Beds
4
Baths
4.0
sq ft
4,063

1449 W Commerce Ave, Gilbert, AZ 85233

1449 W Commerce Ave

Gilbert, AZ 85233

  • 7 days on market
Welcome to Playa Del Rey, one of the only gated private water ski/ wakeboard lake communities in Gilbert. You are allowed gas powered watercraft & boat launch access. Also a fishing lake, sport court, private clubhouse, fountain park, mini golf course & direct access to McQueen Park with baseball, volleyball, tennis, playgrounds & rec center. Spacious split floor plan & multiple living spaces offering convenient options for guests or multi-gen living with 2 rooms & 2 full baths downstairs +large home office & downstairs laundry. Huge formal dining & living room! Kitchen w/grand island +bar seating. Upstairs a huge loft, massive master suite opens to 450 sqft deck overlooking the park. Upgrades in the master bath include travertine flooring, freestanding tub, and walk in shower. Entertain guests in the perfectly sized backyard w/ covered patio, built-in BBQ, a private pebble tech pool, landscaped outdoor entertaining space and NO neighbors behind you! A quick 2 mile ride down the bike path brings you to Downtown Gilbert with multiple casual and upscale dining and shopping options, farmer's market and local activities. This Community lake is approx 5 feet deep and allows jet ski's which is very unusual for metro Phoenix! Thanks for looking!

Details

Property type

Single Family Residence

Est. home value

$800,775

Lot size

8,249 sq ft

Price per sq ft

$296

Year built

1999

Annual property taxes

$3,381

Monthly HOA fee

$315

Price History

03/21/2025
ArizonaRegional

ArizonaRegional #6838749

Listed
$1,200,000
+135.29%
12/27/2019
ArizonaRegional

ArizonaRegional #5971844

Sold
$510,000

Schools & Community

Neighborhood: 

Playa del Rey

Elementary school: 

Playa Del Rey Elementary School

Middle school: 

Mesquite Jr High School

High school: 

Mesquite High School

Community features: 

Lake, Gated, Playground, Clubhouse, Sidewalks

High school district: 

Gilbert Unified District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$816,316
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$287,684
Cash to seller
$816,316

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Lakeview Loan Servicing Llc

Loan start date

October 2020

Original loan amount

$319,093

Est. remaining balance

$287,684

Interest rate

2.91%

Loan type

FHA, 30 year

Seller

Melissa Sweeney Patel and Neville Patel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/27/2025 at 8:35 PM

Listing updated: 03/24/2025 at 1:11 PM

Listed by: Vincent Davis, West USA Realty Phone #: (480) 820-3333

MLS: ArizonaRegional #6838749

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