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940 E Drexel Dr; Gilbert, AZ Property Details

940 E Drexel Dr, Gilbert, AZ is a Single Family that was built in 2012. This property is currently a cash purchase and is not for sale. Our records show that 940 E Drexel Dr has 4 bedrooms, and 3.5 bathrooms, and a total of 2,767 square feet. The lot size of 940 E Drexel Dr is 7,475 square feet.

Off market
940 E Drexel Dr Gilbert, AZ 85297
$725,000 Listing Price
4 Beds
3.5 Baths
2,767 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2012
  • Purchase Price: $725,000
  • Open Loans / Balance: 1 / $201,614
  • Est. Equity / %: $495,386 / 71.07%
  • Gross Yield: 5.941%
  • APN: 304-58-515
  • Situs County: Maricopa
  • Length Of Ownership: 4 years, 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 2,767/SqFt
  • Lot: 7,475/SqFt
  • Gross: 2,887/SqFt
  • Living: 2,767/SqFt
  • Building: 2,767/SqFt
  • Ground: 1,287/SqFt
  • Price Per Square Foot: $262.02

Legal Description

  • Description: LAYTON LAKES PARCEL 6 MCR 835-38
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chandler Unified District
  • Lat / Lon: 33.264835 / -111.769684
  • Subdivision: Layton Lakes Parcel 6
  • Property Class: Residential
  • Zoning: R-7
  • County Use Code: 0141

Amenities

  • Pool: true
  • Plus Four: 1910
  • Bathroom Fixtures: 11
  • Cooling: Refrigeration
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 3

HOA

  • H O A One: $347
  • H O A Two: $310
  • H O A Amount: $657
  • H O A One Frequency: Quarterly
  • H O A Two Frequency: Quarterly
  • H O A One Name: Layton Lakes Community Association
  • H O A One Type: Home Owner Association
  • H O A Two Name: Layton Lakes Community Association, An Arizona Nonprofit Corporation
  • H O A Two Type: Home Owner Association

Ownership Info

940 E Drexel Dr has no associated ownership info
940 E Drexel Dr has no associated ownership info.

Taxes

940 E Drexel Dr has 9 associated Taxes items

940 E Drexel 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 $37,345. The APN we've located for 940 E Drexel Dr is 304-58-515.

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Taxes
  • Assessed Value:  $37,345
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  304-58-515
  • Market Land Value:  111700
  • Tax Amount:  2931.42
  • Tax Year:  2025
  • Market Value:  558600
  • Market Year:  2025

Tax History

940 E Drexel Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $37,345 Land Value Improvement Value Tax Amount $2,931.42 Change Rate +0.01314% Assessed CR Tax Rate +0.078496%
Year 2024 Assessed Value $35,567 Land Value Improvement Value Tax Amount $2,893.4 Change Rate +0.022923% Assessed CR Tax Rate +0.081351%
Year 2023 Assessed Value $50,920 Land Value $10,180 Improvement Value $40,740 Tax Amount $2,828.56 Change Rate +0.035685% Assessed CR Tax Rate +0.055549%
Year 2022 Assessed Value $38,600 Land Value $7,720 Improvement Value $30,880 Tax Amount $2,731.1 Change Rate -0.044295% Assessed CR Tax Rate +0.070754%
Year 2021 Assessed Value $36,000 Land Value $7,200 Improvement Value $28,800 Tax Amount $2,857.68 Change Rate +0.004916% Assessed CR Tax Rate +0.07938%
Year 2020 Assessed Value $34,320 Land Value $6,860 Improvement Value $27,460 Tax Amount $2,843.7 Change Rate +0.040962% Assessed CR Tax Rate +0.082858%
Year 2019 Assessed Value $32,110 Land Value $6,420 Improvement Value $25,690 Tax Amount $2,731.8 Change Rate +0.032575% Assessed CR Tax Rate +0.085076%
Year 2018 Assessed Value $31,360 Land Value $6,270 Improvement Value $25,090 Tax Amount $2,645.62 Change Rate +0.06779% Assessed CR Tax Rate +0.084363%
Year 2017 Assessed Value $30,710 Land Value $6,140 Improvement Value $24,570 Tax Amount $2,477.66 Change Rate +0.035162% Assessed CR Tax Rate +0.080679%
Year 2016 Assessed Value $32,430 Land Value $6,480 Improvement Value $25,950 Tax Amount $2,393.5 Change Rate +0.035932% Assessed CR Tax Rate +0.073805%
Year 2015 Assessed Value $31,260 Land Value $6,250 Improvement Value $25,010 Tax Amount $2,310.48 Change Rate -0.084356% Assessed CR Tax Rate +0.073912%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $2,523.34 Change Rate Assessed CR Tax Rate