tomo logo

$1,999,000

Beds
5
Baths
4.0
sq ft
4,321

2506 E Melrose St, Gilbert, AZ 85297

2506 E Melrose St

Gilbert, AZ 85297

  • 44 days on market
    • Price drop $51,000↓
Highly sought after Gilbert neighborhood on over an Acre lot. INDOOR Pickleball, basketball court, insulated, climate controlled. Custom pool with water feature. Hot Tub, Fire Pit, RV Parking, Raised garden area , Remodeled kitchen and bathrooms in 2019, Pebble Ice Maker, Double Sink, Double Stove, Surround Sound, Central Vac, Full Video Surveillance System, Upgraded Lighting throughout, Huge Play Yard, Mature Shade Trees and Fruit Trees, Built in BBQ, Outdoor Pool Shower, Laundry Stack in Master Closet, Steam Shower, Private end of street lot, Built in Garage Cabinets, Custom Trim, Fireplace, Extra Storage Throughout, Mother in Law Suite Option, Flood Irrigation and new sprinklers, Granite Counters. Large Office. RV Parking, two additional sheds. NO HOA! Thermador Professional Applian

Details

Property type

Single Family Residence

Est. home value

$1,872,738

Lot size

1.1 acres

Price per sq ft

$463

Year built

1999

Annual property taxes

$5,984

HOA

No

Price History

01/10/2025
ArizonaRegional

ArizonaRegional #6795951

Price change
$1,999,000
-2.49%
12/19/2024
ArizonaRegional

ArizonaRegional #6795951

Listed
$2,050,000
+7.89%
12/22/2023
ArizonaRegional

ArizonaRegional #6400819

Sold
$1,900,000
+52.49%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Campo Verde High School

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

$1,005,980
Asking price
$1,999,000
Closing costs (~8% of asking)
-$159,920
Est. remaining loan balance
-$833,100
Cash to seller
$1,005,980

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

October 2019

Original loan amount

$934,838

Est. remaining balance

$833,100

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

Jacob Bastian and Brooke Bastian

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?

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Price drop
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2759 E Portola Valley Dr, Gilbert, AZ 85297

Status: Active

Tomo last checked: 02/02/2025 at 12:25 AM

Listing updated: 01/26/2025 at 12:57 AM

Listed by: Shane Anderson, Affinity Home Assets LLC Phone #: (480) 382-7183

MLS: ArizonaRegional #6795951

ArizonaRegional logo

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