$572,000 - $654,727
RENTED APR 15, 2025

725 W Palo Verde St Gilbert, AZ 85233

Downtown Gilbert Neighborhood
5 Beds
3 Baths
2,501 Sq Ft
$252 Price per Sq Ft

Last Sold November 26, 2024

Last sale price $525,000 $210 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,727/month

About This Home

As of November 2024

Beautifully remodeled 5-bedroom, 3-bathroom NON HOA home in the heart of Gilbert with a private POOL! Featuring brand-new luxury vinyl flooring, shaker-style cabinets, and gorgeous quartz countertops The fresh interior and exterior paint, open layout creates a seamless flow between the living spaces, perfect for entertaining or everyday living. The spacious primary suite is 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. Backyard perfect for entertaining, gated heated pool, fire pit, built in seating, built in table and adobe fireplace. Pool service included in rent.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Nov 8, 2024
Sold by
Somsen Jay and Somsen Kaily
Bought by
Obiesie Chukwama and Obiesie Ndidiamaka
Seller's Agent
Shawn Rogers
West USA Realty
Buyer's Agent
Lauren Armstrong
West USA Realty
List Price
$585,000
Sold Price
$525,000
Premium/Discount to List
-$60,000
-10.26%
Views
85
Current Estimated Value
$631,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,432
Avg. Annual Appreciation
56.87%
Original Mortgage
$446,000
Outstanding Balance
$443,890
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$187,542

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jul 18, 2022
Sold by
Somsen and Kaily
Bought by
Somsen Jay and Somsen Kaily
Seller's Agent
Ramin Roudi
HomeSmart
Buyer's Agent
Eric Ravenscroft
Real Broker
List Price
$659,000
Sold Price
$642,000
Premium/Discount to List
-$17,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.17%
Original Mortgage
$385,200
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 24, 2021
Sold by
Baker William Lee and Baker Elizabeth Ann
Bought by
Blalock Alexandra
Seller's Agent
Simon Thomas
Realty ONE Group
Buyer's Agent
Ramin Roudi
Sway Realty
List Price
$489,900
Sold Price
$505,000
Premium/Discount to List
$15,100
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.21%
Original Mortgage
$454,500
Interest Rate
3%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Obiesie Chukwama $525,000 Great American Title Agency
Somsen Jay -- First Arizona Title
Somsen Jay $642,000 First Arizona Title
Blalock Alexandra $505,000 Roc Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obiesie Chukwama $446,000
Previous Owner Somsen Jay $385,200
Previous Owner Blalock Alexandra $454,500
Previous Owner Baker William Lee $14,000
Previous Owner Baker William Lee $261,300
Previous Owner Baker William Lee $249,500
Previous Owner Baker William Lee $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Rented $3,500 +6.1% --
04/01/2025 04/01/25 Under Contract -- -- --
03/21/2025 03/21/25 For Rent $3,300 0.0% --
11/26/2024 11/26/24 Sold $525,000 -8.7% $210 / Sq Ft
09/05/2024 09/05/24 Price Changed $575,000 -1.7% $230 / Sq Ft
08/09/2024 08/09/24 For Sale $585,000 -8.9% $234 / Sq Ft
07/20/2022 07/20/22 Sold $642,000 -1.1% $257 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/20/2022 06/20/22 Pending -- -- --
06/15/2022 06/15/22 Price Changed $649,000 -1.5% $259 / Sq Ft
06/03/2022 06/03/22 For Sale $659,000 +30.5% $263 / Sq Ft
05/28/2021 05/28/21 Sold $505,000 +3.1% $202 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $489,900 -- $196 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,438 $27,769 -- --
2024 $2,407 $24,532 -- --
2023 $2,407 $42,480 $8,490 $33,990
2022 $2,857 $31,750 $6,350 $25,400
2021 $2,793 $30,210 $6,040 $24,170
2020 $2,398 $28,170 $5,630 $22,540
2019 $2,326 $26,310 $5,260 $21,050
2018 $2,160 $24,830 $4,960 $19,870
2017 $2,060 $23,800 $4,760 $19,040
2016 $1,829 $23,200 $4,640 $18,560
2015 $1,887 $22,270 $4,450 $17,820
Source: Public Records

Agents Affiliated with this Home

  • Tonya Nord

    Seller's Agent in 2025

    Tonya Nord

    AZ Equity Properties

    (480) 399-2974

    1 in this area

    30 Total Sales

    Tonya Nord
    Section Image
  • Shawn Rogers

    Seller's Agent in 2024

    Shawn Rogers

    West USA Realty

    (480) 313-7031

    5 in this area

    493 Total Sales

    Shawn Rogers
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Liz Krish

    West USA Realty

    2 in this area

    60 Total Sales

    Liz Krish
    Section Image

  • L

    Buyer's Agent in 2024

    Lauren Armstrong

    West USA Realty

    (480) 719-3313

    1 in this area

    52 Total Sales

    Lauren Armstrong
    Section Image

  • R

    Seller's Agent in 2022

    Ramin Roudi

    HomeSmart

  • Eric Ravenscroft

    Buyer's Agent in 2022

    Eric Ravenscroft

    Real Broker

    (480) 269-5858

    2 in this area

    68 Total Sales

    Eric Ravenscroft
    Section Image
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Map

Arizona Maricopa County Gilbert 85233 Downtown Gilbert

725 W Palo Verde St, Gilbert, AZ

Homes for Sale in Gilbert, AZ

This home is located at 725 W Palo Verde St, Gilbert, AZ 85233 and is currently estimated at $631,432, approximately $252 per square foot. 725 W Palo Verde St is a home located in Maricopa County with nearby schools including Gilbert Elementary School, Mesquite Junior High School, and Mesquite High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.