Sold for $2,000,000 on 09/26/23
$2,000,000
115 E Water Tank Rd, Gilbert, AZ 85296
5beds
2baths
2,940sqft
Single Family Residence
Built in 1971
2.45 Acres Lot
$2,075,000 Zestimate®
$680/sqft
$2,989 Estimated rent
Home value
$2,075,000
$1.87M - $2.30M
$2,989/mo
Zestimate® history
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Owner options
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What's special
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 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!
Zillow last checked: 8 hours ago
Listing updated: May 05, 2025 at 07:00pm
Listed by:
Jeffrey T Hubbell 602-697-3103,
Dana Hubbell Group
Bought with:
Merri Cox, SA653531000
HomeSmart
Source: ARMLS,MLS#: 6591374

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Natural Gas
Cooling
- Central Air, Programmable Thmstat
Appliances
- Laundry: Other, See Remarks
Features
- High Speed Internet, Double Vanity, Other, See Remarks, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Flooring: Tile, Wood
- Windows: Skylight(s), Low Emissivity Windows, Double Pane Windows
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Other, Exterior Fireplace, Living Room
Interior area
- Total structure area: 2,940
- Total interior livable area: 2,940 sqft
Property
Parking
- Parking features: Storage
Features
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Other, Storage
- Pool features: None
- Spa features: None
- Fencing: Wood,Wire
Lot
- Size: 2.45 Acres
- Features: Dirt Back, Grass Front, Grass Back, Synthetic Grass Back
Details
- Parcel number: 30425945
- Special conditions: Owner/Agent
- Horses can be raised: Yes
- Horse amenities: Other, See Remarks
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Frame, Painted
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Septic Tank
- Water: City Water
Green energy
- Energy efficient items: Multi-Zones
- Water conservation: Tankless Ht Wtr Heat
Community & neighborhood
Community
- Community features: Near Bus Stop
Location
- Region: Gilbert
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2023 | Sold | $2,000,000-9.1%$680/sqft |
Source: | ||
| 9/8/2023 | Pending sale | $2,200,000$748/sqft |
Source: | ||
| 8/25/2023 | Listed for sale | $2,200,000+233.3%$748/sqft |
Source: | ||
| 1/11/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/4/2023 | Listed for rent | $6,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | $40,280 +8.9% |
Find assessor info on the county website
Neighborhood: 85296
Nearby schools
GreatSchools rating
- 6/10Gilbert Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 4/10Mesquite Jr High SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Gilbert High SchoolGrades: 7-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Gilbert Elementary School
- Middle: Mesquite Jr High School
- High: Gilbert High School
- District: Gilbert Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,075,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,075,000
