tomo logo

$659,900

Beds
5
Baths
3.0
sq ft
2,501

725 W Palo Verde St, Gilbert, AZ 85233

725 W Palo Verde St

Gilbert, AZ 85233

  • 8 days on market
Welcome to 725 W Palo Verde St, a beautifully remodeled 5-bedroom, 3-bathroom NON HOA home in the heart of Gilbert—a rare find at this price point! Every detail has been thoughtfully updated, featuring brand-new luxury vinyl flooring, sleek shaker-style cabinets, and gorgeous quartz countertops that bring a modern, sophisticated touch. The fresh interior and exterior paint enhance the home's bright and inviting feel, while the open layout creates a seamless flow between the living spaces, perfect for entertaining or everyday living. The spacious primary suite is a true retreat, complete with dual sinks, a walk-in custom glass tile shower, and plenty of natural light. Each additional bedroom is generously sized, offering flexibility for families, guests, or a home office setup. Step outside and enjoy your very own backyard oasis, designed for relaxation and entertaining. The sparkling heated pool invites you to cool off during warm Arizona days, while the outdoor fireplace and cozy fire pit set the perfect ambiance for gatherings. The covered patio offers a great space to unwind or host guests, making outdoor living enjoyable year-round. With ample space and well-designed features, this backyard is ready for making memories. Located in a desirable Gilbert neighborhood, this home is just minutes from top-rated schools, shopping, dining, and entertainment. Easy access to major highways ensures a convenient commute while keeping you close to all that Gilbert has to offer. This is a rare opportunity to own a fully remodeled home with five bedrooms and a heated pooldon't miss out! Experience the perfect blend of modern upgrades, space, and outdoor living.

Details

Property type

Single Family Residence

Est. home value

$614,712

Lot size

5,990 sq ft

Price per sq ft

$264

Year built

1991

Annual property taxes

$2,438

HOA

No

Price History

02/14/2025
ArizonaRegional

ArizonaRegional #6821125

Listed
$659,900
+25.7%
11/26/2024
ArizonaRegional

ArizonaRegional #6741137

Sold
$525,000
-8.7%
10/21/2024
ArizonaRegional

ArizonaRegional #6741137

Pending
$575,000

Schools & Community

Neighborhood: 

Madera Parc

Elementary school: 

Gilbert Elementary School

Middle school: 

Mesquite Jr High School

High school: 

Mesquite High School

Community features: 

Sidewalks

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

$236,955
Asking price
$659,900
Closing costs (~8% of asking)
-$52,792
Est. remaining loan balance
-$370,153
Cash to seller
$236,955

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

Seller’s Loan History

Lender

Plains Commerce Bank

Loan start date

July 2022

Original loan amount

$385,200

Est. remaining balance

$370,153

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Jay Somsen and Kaily Somsen

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: 02/22/2025 at 4:20 PM

Listing updated: 02/14/2025 at 5:20 PM

Listed by: Frank Gerola, Venture REI, LLC Phone #: (480) 409-9000

MLS: ArizonaRegional #6821125

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