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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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    $11,470/mo

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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#: 6591374MLS Logo

    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

    DateEventPrice
    9/26/2023Sold$2,000,000-9.1%$680/sqft
    Source: ARMLS #6591374 Report a problem
    9/8/2023Pending sale$2,200,000$748/sqft
    Source: ARMLS #6591374 Report a problem
    8/25/2023Listed for sale$2,200,000+233.3%$748/sqft
    Source: ARMLS #6591374 Report a problem
    1/11/2023Listing removed--
    Source: Zillow Rentals Report a problem
    1/4/2023Listed for rent$6,000$2/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2022-- --
    2021-- --
    2020-- $40,280 +8.9%

    Find assessor info on the county website

    Neighborhood: 85296

    Nearby schools

    GreatSchools rating
    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