Taxes
- Assessed Value: $31,250
- Assessed Year: 2025
- Assessed County: Maricopa
- APN: 310-09-215
- Market Land Value: 99500
- Tax Amount: 2381.38
- Tax Year: 2025
- Market Value: 497600
- Market Year: 2025
118 N Velma Dr; Gilbert, AZ Property Details
Off market
118 N Velma Dr Gilbert, AZ 85233
$420,000 Listing Price
4 Beds
3 Baths
2,274 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1998
- Purchase Price: $420,000
- Open Loans / Balance: 1 / $345,661
- Est. Equity / %: $296,339 / 46.16%
- Gross Yield: 5.925%
- APN: 310-09-215
- Situs County: Maricopa
- Length Of Ownership: 6 years, 7 months
Rooms
- Bedrooms: 4
- Bathrooms: 3
- Full Bathrooms: 3
- Total Rooms: 8
Structure
- Building Style: Frame
- Stories: 1
- Exterior Wall Type: Wood
- Building Condition: Average
- Building Quality: B
- Pool Type: Yes
- Roof Cover Type: Concrete
- Sewer Type: Municipal
- Water Source: Yes
Measurements
- Total: 2,274/SqFt
- Lot: 9,624/SqFt
- Gross: 2,466/SqFt
- Living: 2,274/SqFt
- Building: 2,274/SqFt
- Ground: 2,274/SqFt
- Price Per Square Foot: $184.70
Legal Description
- Description: SUMMER MEADOWS PARCEL 3 MCR 428-46
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Gilbert Unified District
- Lat / Lon: 33.351883 / -111.814545
- Subdivision: Summer Meadows Parcel 3
- Property Class: Residential
- Zoning: R-7
- County Use Code: 0141
Amenities
- Heating Fuel Type: Gas
- Pool: true
- Plus Four: 5238
- Bathroom Fixtures: 9
- Cooling: Refrigeration
- Garage: Garage
- Heating: Forced air unit
- Parking: 3
HOA
- H O A One: $249
- H O A Amount: $249
- H O A One Frequency: Semi-Annual
- H O A One Name: Summer Meadows Homeowners Association
- H O A One Type: Home Owner Association
Ownership Info
118 N Velma Dr has no associated ownership info
118 N Velma Dr has no associated ownership info.
Taxes
118 N Velma Dr has 9 associated Taxes items
118 N Velma Dr, Gilbert, AZ pays taxes in Maricopa County, AZ. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $31,250. The APN we've located for 118 N Velma Dr is 310-09-215.
Unlock the full reportTax History
118 N Velma Dr has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $31,250 | Land Value | Improvement Value | Tax Amount $2,381.38 | Change Rate +0.03916% | Assessed CR | Tax Rate +0.076204% |
| Year 2024 | Assessed Value $29,762 | Land Value | Improvement Value | Tax Amount $2,291.64 | Change Rate -0.007243% | Assessed CR | Tax Rate +0.076999% |
| Year 2023 | Assessed Value $45,120 | Land Value $9,020 | Improvement Value $36,100 | Tax Amount $2,308.36 | Change Rate +0.031817% | Assessed CR | Tax Rate +0.05116% |
| Year 2022 | Assessed Value $34,500 | Land Value $6,900 | Improvement Value $27,600 | Tax Amount $2,237.18 | Change Rate -0.053174% | Assessed CR | Tax Rate +0.064846% |
| Year 2021 | Assessed Value $32,920 | Land Value $6,580 | Improvement Value $26,340 | Tax Amount $2,362.82 | Change Rate +0.015882% | Assessed CR | Tax Rate +0.071775% |
| Year 2020 | Assessed Value $30,870 | Land Value $6,170 | Improvement Value $24,700 | Tax Amount $2,325.88 | Change Rate +0.087999% | Assessed CR | Tax Rate +0.075344% |
| Year 2019 | Assessed Value $28,500 | Land Value $5,700 | Improvement Value $22,800 | Tax Amount $2,137.76 | Change Rate +0.030395% | Assessed CR | Tax Rate +0.075009% |
| Year 2018 | Assessed Value $26,710 | Land Value $5,340 | Improvement Value $21,370 | Tax Amount $2,074.7 | Change Rate +0.035869% | Assessed CR | Tax Rate +0.077675% |
| Year 2017 | Assessed Value $25,280 | Land Value $5,050 | Improvement Value $20,230 | Tax Amount $2,002.86 | Change Rate -0.034292% | Assessed CR | Tax Rate +0.079227% |
| Year 2016 | Assessed Value $24,610 | Land Value $4,920 | Improvement Value $19,690 | Tax Amount $2,073.98 | Change Rate +0.097495% | Assessed CR | Tax Rate +0.084274% |
| Year 2015 | Assessed Value $25,510 | Land Value $5,100 | Improvement Value $20,410 | Tax Amount $1,889.74 | Change Rate -0.046722% | Assessed CR | Tax Rate +0.074078% |
| Year 2014 | Assessed Value | Land Value | Improvement Value | Tax Amount $1,982.36 | Change Rate | Assessed CR | Tax Rate |