115 E WATER TANK Road, Gilbert, AZ 85296
$2,000,000
Property Type:
Residential
Bedrooms:
5
Baths:
2
Square Footage:
2,940
Lot Size (sq. ft.):
106,740
Status:
Closed
Current Price:
$2,000,000
List Date:
8/24/2023
Last Modified:
5/06/2025
Description
This could be a once in a lifetime opportunity: Just under 2.5 irrigated acres, just a tiny hair over a mile away (to the south) from the middle of the intersection of Gilbert Rd and Page Ave. That's the heart of Downtown Gilbert and this property is just off of Gilbert Rd so it's a straight shot. These facts alone make for an incredibly rare offering. Then add to that a dead-end street, city water, trash, and street maintenance, SW gas, and a N/S exposed, gorgeously remodeled and expanded farmhouse. Developers: Zoned R15. Investors: What a killer vacation rental this would be. Owner occupants: Live the dream of old-school Gilbert with (or without) your animals and enjoy the elbow room, while enjoying the modern shopping, dining, and recreation of the area. Too much space?- Subdivide and
Supplements: sell the back acre! The amazing home features a large laundry room with a dog bath, a large extra storage room that could have a variety of uses, stunning kitchen with all Thermador built-in appliances and pasta pot filler, newer tankless water heater, hardwood flooring, a breathtaking master with a luxurious bathroom, and more. Don't miss the inviting backyard with a covered patio, open artificial turf area, cozy gazebo structure with a fireplace, raised garden beds ready for planting, a dog run area, and still plenty of room to add pool, shop, or ? without taking away any of the pasture area. A property with so many options and so few limits- Bring your imagination and enjoy this exquisite property!
More Information MLS# 6591374
Contract Information
Status Change Date: 2023-09-26
Sold Price: $2,000,000
Status: Closed
Current Price: $2,000,000
List Date: 2023-08-11
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 115
Compass: E
Street Name: WATER TANK
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85296
Zip4: 2207
Country: US
County Code: Maricopa
Assessor Number: 304-25-945
Subdivision: None
Tax Year: 2022
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 5
# Bathrooms: 2
Approx SQFT: 2940
Price/SqFt: 680.27
Horses: Y
Builder Name: Unknown
Year Built: 1971
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 106740
Approx Lot Acres: 2.45
Flood Zone: No
Pool: None
Marketing Name: Acreage near DT Gilbert
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Gilbert Elementary School
Jr. High School: Mesquite Jr High School
High School: Gilbert High School
Remarks Misc
Cross Street: Gilbert & Elliot
Directions: South on Elliot; East on Water Tank Rd. to home on right
Geo Lat: 33.340327
Geo Lon: -111.78717
Status Change Info
Off Market Date: 2023-09-08
Under Contract Date: 2023-08-24
Close of Escrow Date: 2023-09-26
Sold Price: $2,000,000
Legal Info
Township: 1S
Range: 6E
Section: 18
Lot Number: -
Cnty Rcrd Bk & Pg #: 1371-30
Basement
Basement Y/N: N
Items Updated
Floor Yr Updated: 2018
Floor Partial/Full: Full
Roof Yr Updated: 2018
Roof Partial/Full: Full
Kitchen Yr Updated: 2018
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2018
Bath(s) Partial/Full: Full
Rm Adtn Yr Updated: 2019
Rm Adtn Partial/Full: Full
Sold Info
Loan Type: Other
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 1000
Seller Concession $/%: $
Property Features
Special Listing Cond: Owner/Agent
Add'l Property Use: Grove; Farm; Ranch; Other
Architecture: Ranch
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Private Toilet Room; Other (See Remarks)
Master Bedroom: Not Split
Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet
Fireplace Features: Fireplace Living Rm; Exterior Fireplace; Other
Flooring: Tile; Wood
Windows: Dual Pane; Low-Emissivity Windows
Pool Features: No Pool
Spa: None
Community Features: Near Bus Stop
Dining Area: Breakfast Bar; Dining in LR/GR
Kitchen Features: Range/Oven Gas; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Multiple Ovens; Pantry; Non-laminate Counter; Kitchen Island
Laundry: Gas Dryer Hookup; Inside; Other; See Remarks
Features: Skylight(s); Vaulted Ceiling(s); No Interior Steps; Other; See Remarks
Technology: Cable TV Avail
Exterior Features: Covered Patio(s); Patio; Storage; Other
Parking Features: Separate Strge Area
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Siding
Roofing: Composition
Cooling: Central Air; Programmable Thmstat
Heating: Natural Gas
Plumbing: Tankless Ht Wtr Heat; Engy Star Ht Wtr Htr; Gas Hot Wtr – Tnklss
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Septic Tank; Septic in & Cnctd
Services: City Services
Fencing: Wood; Wire
Property Description: North/South Exposure
Landscaping: Dirt Back; Grass Front; Grass Back; Synthetic Grass Back; Flood Irrigation
Horse Features: Other; See Remarks
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; VA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Dana Hubbell Group
Last Updated: May - 06 - 2025
Broker Attribution:
602-697-3103
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