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42 N Velma Dr; Gilbert, AZ Property Details

42 N Velma Dr, Gilbert, AZ is a Single Family that was built in 1998. This property is currently Financed and is not for sale. Our records show that 42 N Velma Dr has 4 bathrooms, and a total of 3,047 square feet. The lot size of 42 N Velma Dr is 16,309 square feet.

Off market
42 N Velma Dr Gilbert, AZ 85233
$41,578 Estimated Value
4 Baths
3,047 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1998
  • Purchase Price: $596,000
  • Open Loans / Balance: 2 / $601,125
  • Est. Equity / %: $403,875 / 40.19%
  • Gross Yield: 4.968%
  • APN: 310-09-160
  • Situs County: Maricopa
  • Length Of Ownership: 8 years

Rooms

  • Bathrooms: 4
  • Full Bathrooms: 4
  • Total Rooms: 9

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Combination
  • Building Condition: Average
  • Building Quality: B
  • Pool Type: Yes
  • Roof Cover Type: Concrete
  • Sewer Type: Municipal
  • Water Source: Yes

Measurements

  • Total: 3,047/SqFt
  • Lot: 16,309/SqFt
  • Gross: 3,543/SqFt
  • Living: 3,047/SqFt
  • Building: 3,047/SqFt
  • Ground: 1,647/SqFt
  • Price Per Square Foot: $195.60

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: 33.35034 / -111.81442
  • Subdivision: Summer Meadows Parcel 3
  • Property Class: Residential
  • Zoning: R-7
  • County Use Code: 0141

Amenities

  • Heating Fuel Type: Gas
  • Pool: true
  • Plus Four: 5234
  • Bathroom Fixtures: 12
  • 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

42 N Velma Dr has no associated ownership info
42 N Velma Dr has no associated ownership info.

Taxes

42 N Velma Dr has 9 associated Taxes items

42 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 $41,578. The APN we've located for 42 N Velma Dr is 310-09-160.

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Taxes
  • Assessed Value:  $41,578
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  310-09-160
  • Market Land Value:  128600
  • Tax Amount:  3217.38
  • Tax Year:  2025
  • Market Value:  643100
  • Market Year:  2025

Tax History

42 N Velma Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $41,578 Land Value Improvement Value Tax Amount $3,217.38 Change Rate +0.044624% Assessed CR Tax Rate +0.077382%
Year 2024 Assessed Value $39,599 Land Value Improvement Value Tax Amount $3,079.94 Change Rate -0.004975% Assessed CR Tax Rate +0.077778%
Year 2023 Assessed Value $57,950 Land Value $11,590 Improvement Value $46,360 Tax Amount $3,095.34 Change Rate +0.034566% Assessed CR Tax Rate +0.053414%
Year 2022 Assessed Value $43,410 Land Value $8,680 Improvement Value $34,730 Tax Amount $2,991.92 Change Rate -0.048305% Assessed CR Tax Rate +0.068922%
Year 2021 Assessed Value $41,550 Land Value $8,310 Improvement Value $33,240 Tax Amount $3,143.78 Change Rate +0.015879% Assessed CR Tax Rate +0.075663%
Year 2020 Assessed Value $39,430 Land Value $7,880 Improvement Value $31,550 Tax Amount $3,094.64 Change Rate +0.087953% Assessed CR Tax Rate +0.078484%
Year 2019 Assessed Value $36,850 Land Value $7,370 Improvement Value $29,480 Tax Amount $2,844.46 Change Rate +0.030482% Assessed CR Tax Rate +0.07719%
Year 2018 Assessed Value $36,430 Land Value $7,280 Improvement Value $29,150 Tax Amount $2,760.32 Change Rate +0.035814% Assessed CR Tax Rate +0.075771%
Year 2017 Assessed Value $34,660 Land Value $6,930 Improvement Value $27,730 Tax Amount $2,664.88 Change Rate -0.034268% Assessed CR Tax Rate +0.076886%
Year 2016 Assessed Value $34,230 Land Value $6,840 Improvement Value $27,390 Tax Amount $2,759.44 Change Rate +0.097463% Assessed CR Tax Rate +0.080615%
Year 2015 Assessed Value $35,250 Land Value $7,050 Improvement Value $28,200 Tax Amount $2,514.38 Change Rate -0.054161% Assessed CR Tax Rate +0.07133%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $2,658.36 Change Rate Assessed CR Tax Rate