tomo logo

$699,000

Beds
4
Baths
3.0
sq ft
2,759

421 E Terrace Ave, Gilbert, AZ 85234

421 E Terrace Ave

Gilbert, AZ 85234

  • 3 days on market
This is not your typical Gilbert home. Set back on a quiet cul-de-sac, four-bedroom 3 full bath offers something truly unique: a full basement. Basements are a rare find and adds incredible flexibility. Location is a huge plus, and this home delivers. You're just minutes from Trader Joe's and the heart of Downtown Gilbert, with its dining and entertainment! For those with hobbies or extra vehicles, the extended driveway, RV gate, and dedicated RV pad are a major bonus. Bring your toys! Inside, modern updates enhance the home's appeal. New cabinets, flooring and paint create a bright, inviting atmosphere, while quartz countertops and a custom backsplash elevate the kitchen. A separate laundry room adds convenience. One of the most impressive features is the ventilated workshop. Imagine the possibilities! This space is perfect for projects, hobbies, and extra storage. All of this is situated in a well-established neighborhood with no HOA, offering freedom and flexibility. Homes like this are incredibly hard to find. Don't miss your chance to own this truly special property. This one won't last long.

Details

Property type

Single Family Residence

Est. home value

$663,781

Lot size

0.23 acres

Price per sq ft

$254

Year built

1993

Annual property taxes

$2,811

HOA

No

Price History

03/27/2025
ArizonaRegional

ArizonaRegional #6841672

Listed
$699,000
+85.41%
01/21/2017
ArizonaRegional

ArizonaRegional #5522936

Sold
$377,000

Schools & Community

Neighborhood: 

Circle G Meadows

Elementary school: 

Burk Elementary School

Middle school: 

Burk Elementary School

High school: 

Gilbert High School

Community features: 

Playground, Sidewalks

High school district: 

Gilbert Unified District

Seller’s Loan History

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

Lender

Desert Financial Cu

Loan start date

November 2022

Original loan amount

$241,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Credit Line (Revolving), 30 year

Seller

Brandon J Addison and Courtney Addison

Lender

Crosscounty Mortgage Llc

Loan start date

October 2020

Original loan amount

$322,111

Est. remaining balance

$290,780

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Brandon J Addison and Courtney Addison

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: 03/30/2025 at 4:35 PM

Listing updated: 03/30/2025 at 12:02 AM

Listed by: Debbie Kimball, My Home Group Real Estate Phone #: (602) 399-2748

MLS: ArizonaRegional #6841672

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