tomo logo

$1,600,000

Beds
4
Baths
3.0
sq ft
4,006

56 S Prairie Rd, Gilbert, AZ 85296

56 S Prairie Rd

Gilbert, AZ 85296

  • <1 day on market
Beautiful Custom Home Located in the Sought-After Morrison Ranch Community in Gilbert. This Open, Light and Bright Floor Plan Boasts a Gourmet Kitchen with Extra Large Marble Slab Island, Custom Cabinetry, Sub Zero Refrigerator and Wolf Appliances. The Walk In Pantry has Custom Built-Ins with Antique Barn Door. Master Retreat with Spa Like Bath and Walk In Closet. Secondary Bedrooms are Separated By Jack and Jill Bath and its own Private Vanity. The 4th Bedroom has an Adjacent 3/4's Bath and Private Exit to Pool Area. Resort Style Backyard with Fenced in Pool, Raised Spa, Water Feature, Built In BBQ, Large Umbrella to Cover Pool and there is also a Pickleball Court, for Outdoor Living at its Finest! With Private Sauna in the Garage, Cabinets and Split Air for Workout Room. This Home Blends Modern Luxury with Practical Living!

Details

Property type

Single Family Residence

Est. home value

$1,487,085

Lot size

0.52 acres

Price per sq ft

$400

Year built

2005

Annual property taxes

$4,790

Monthly HOA fee

$133

Price History

10/01/2024
ArizonaRegional

ArizonaRegional #6764759

Listed
$1,600,000
+32.78%
01/12/2021
ArizonaRegional

ArizonaRegional #6160834

Sold
$1,205,000
+38.99%
07/12/2017
ArizonaRegional

ArizonaRegional #5563405

Sold
$867,000
+35.47%

Schools & Community

Neighborhood: 

Higley Estates

Elementary school: 

Greenfield Elementary School

Middle school: 

Greenfield Junior High School

High school: 

Highland High School

Community features: 

Playground

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

$683,927
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$788,073
Cash to seller
$683,927

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2020

Original loan amount

$860,000

Est. remaining balance

$788,073

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Bridget A Medeiros and Michael J Medeiros

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: 10/01/2024 at 5:35 PM

Listing updated: 10/01/2024 at 2:49 PM

Listed by: Christine Bayer, Bayer Realty Phone #: (602) 527-5534

MLS: ArizonaRegional #6764759

ArizonaRegional logo

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