tomo logo

$494,000

Beds
3
Baths
2.5
sq ft
1,884

3507 E Erie St, Gilbert, AZ 85295

3507 E Erie St

Gilbert, AZ 85295

  • <1 day on market
Freshly updated with new paint, carpet, and artificial turf, this 3-bedroom plus den, 2.5-bath home in Lyons Gate offers modern comfort in a prime location. The open-concept main level features neutral tile flooring, a versatile den, and a convenient half bath. The stylish kitchen boasts stainless steel appliances, a gas stove, granite countertops, a pantry, and direct access to the garage. Upstairs, the primary suite includes a spacious walk-in closet and an en-suite bath with dual sinks and a relaxing tub/shower. Two additional bedrooms, a second full bath, and an upstairs laundry room with a washer and dryer complete the upper level. Step outside to enjoy the charming front patio or the backyard with a pergola-covered patio and brand-new artificial turf. Located in a fantastic community with multiple pools, parks, sports courts, and greenbelts, this home is just minutes from top-rated dining, shopping, and more!

Details

Property type

Single Family Residence

Est. home value

$458,047

Lot size

2,989 sq ft

Price per sq ft

$263

Year built

2012

Annual property taxes

$1,764

Monthly HOA fee

$130

Price History

03/14/2025
ArizonaRegional

ArizonaRegional #6835123

Listed
$494,000
+19.76%
11/18/2022
ArizonaRegional

ArizonaRegional #6455235

Sold
$412,500

Schools & Community

Neighborhood: 

Lyon's Gate

Elementary school: 

Higley Traditional Academy

Middle school: 

Cooley Middle School

High school: 

Higley High School

Community features: 

Playground, Clubhouse, Pool, Sidewalks

High school district: 

Higley Unified School 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

$154,716
Asking price
$494,000
Closing costs (~8% of asking)
-$39,520
Est. remaining loan balance
-$299,764
Cash to seller
$154,716

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

Seller’s Loan History

Lender

Novus Home Mortgage

Loan start date

November 2022

Original loan amount

$308,500

Est. remaining balance

$299,764

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Deborah Schafer and Steven Schafer

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: 03/14/2025 at 8:10 AM

Listing updated: 03/13/2025 at 7:28 PM

Listed by: Danny Kallay, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6835123

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