tomo logo

$1,950,000

Beds
5
Baths
4.5
sq ft
5,283

4509 S Banning Dr, Gilbert, AZ 85297

4509 S Banning Dr

Gilbert, AZ 85297

  • 61 days on market
    • Price drop $50,000↓
Step into your dream home in the prestigious gated community of Weston Ranch—featuring a home of the perfect blend of luxury and modern upgrades with a seamless indoor-outdoor lifestyle. This home features a Mediterranean-inspired courtyard, setting a resort-like tone from the moment you enter. Perfect for entertaining, the expansive living spaces flow effortlessly, highlighted by an upgraded gourmet kitchen with high-end appliances and a large island, ice machine, and coffee and beverage bar ideal for hosting gatherings. A teen or flex space creates an inviting atmosphere and opens to the courtyard. A separate guest house provides privacy and flexibility for visitors or extended family. The den is naturally lit for perfect inspiration of working at home or starting your next business venture. Enjoy Arizona outdoor living with a travertine-surrounded pool, cabana with an outdoor kitchen, gas fireplace, and easy-care desert landscaping and new artificial turf. Take a stroll on the peaceful walking path or if pickle ball is your game, there is plenty of space to add a court on the property. If you are looking for a home with style, sophistication and a peaceful retreat with ample storage and a 4 car garage, you've found your home and it's located in one of Gilbert's most exclusive communities.

Details

Property type

Single Family Residence

Est. home value

$1,800,636

Lot size

0.82 acres

Price per sq ft

$370

Year built

2011

Annual property taxes

$8,031

Monthly HOA fee

$213.84

Price History

11/19/2024
ArizonaRegional

ArizonaRegional #6774609

Price change
$1,950,000
-2.5%
10/23/2024
ArizonaRegional

ArizonaRegional #6774609

Listed
$2,000,000
+81.82%
10/29/2020
ArizonaRegional

ArizonaRegional #6127010

Sold
$1,100,000

Schools & Community

Neighborhood: 

Weston Ranch

Elementary school: 

Coronado Elementary School

Middle school: 

Cooley Middle School

High school: 

Williams Field High School

Community features: 

Gated, Playground

High school district: 

Higley 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

$872,444
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$921,556
Cash to seller
$872,444

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$994,000

Est. remaining balance

$921,556

Interest rate

2.93%

Loan type

VA, 30 year

Seller

Chris Stowers and Michelle Stowers

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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Status: Active

Tomo last checked: 12/23/2024 at 3:50 AM

Listing updated: 11/19/2024 at 2:24 PM

Listed by: Jennifer Schumacher, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6774609

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