115 E WATER TANK Road, Gilbert, AZ 85296 (MLS# 6591374)

115 E WATER TANK Road, Gilbert, AZ 85296

$2,000,000

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 2,940 Lot Size (sq. ft.): 106,740 Status: Closed

Current Price: $2,000,000 List Date: 8/24/2023 Last Modified: 5/06/2025

Description

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

Supplements: 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!

More Information MLS# 6591374

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Sold Price: $2,000,000 Status: Closed Current Price: $2,000,000 List Date: 2023-08-11

Location, Tax & Legal

Assessor's Map #: 25 Legal Description (Abbrev): TH PT SW4 SEC 18 DAF COM SW COR SEC TH N 2016.56F TH N 88D 45M E 687.93F TPOB TH N 88D 45M E 210F TH Assessor's Parcel #: 945 Tax Municipality: Gilbert Taxes: 2521 House Number: 115 Compass: E Street Name: WATER TANK St Suffix: Road City/Town Code: Gilbert State/Province: AZ Zip Code: 85296 Zip4: 2207 County Code: Maricopa Assessor Number: 304-25-945 Subdivision: None Tax Year: 2022

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Approx SQFT: 2940 Price/SqFt: 680.27 Approx Lot SqFt: 106740 Approx Lot Acres: 2.45 Flood Zone: No Horses: Y Builder Name: Unknown Lead Based Hazard Disclosure: Yes Elementary School District: Gilbert Unified District High School District: Gilbert Unified District Elementary School: Gilbert Elementary School Jr. High School: Mesquite Jr High School High School: Gilbert High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: Yes Marketing Name: Acreage near DT Gilbert Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 5 Total Bathrooms: 2 Year Built: 1971

Legal Info

Range: 6E Section: 18 Cnty Rcrd Bk & Pg #: 1371-30 Township: 1S Lot Number: -

Special Listing Cond

Owner/Agent: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Siding: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Lockbox Type

Supra: 1

Architecture

Ranch: 1

Master Bathroom

Full Bth Master Bdrm: 1 Separate Shwr & Tub: 1 Double Vanity: 1 Private Toilet Room: 1 Other (See Remarks): 1

Master Bedroom

Not Split: 1

Additional Bedroom

Separate Bedroom Exit: 1 Master Bedroom Walk-in Closet: 1

Add'l Property Use

Grove: 1 Farm: 1 Ranch: 1 Other: 1

Fireplace Features

Fireplace Living Rm: 1 Exterior Fireplace: 1 Other: 1

Flooring

Tile: 1 Wood: 1

Window Features

Dual Pane: 1 Low-Emissivity Windows: 1

Community Features

Near Bus Stop: 1

Dining Area

Breakfast Bar: 1 Dining in LR/GR: 1

Heating

Natural Gas: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Gas Oven: 1 Gas Range: 1 Kitchen Island: 1 Built-in Microwave: 1 Multiple Ovens: 1 Non-laminate Counter: 1 Pantry: 1 Refrigerator: 1

Cooling

Programmable Thmstat: 1 Central Air: 1

Interior Features

Skylight(s): 1 Vaulted Ceiling(s): 1 No Interior Steps: 1 Other: 1 See Remarks: 1

Laundry

Gas Dryer Hookup: 1 Inside: 1 Other: 1 See Remarks: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Road Responsibility

City Maintained Road: 1

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Wood: 1 Wire: 1

Water Source

City Water: 1

Exterior Features

Covered Patio(s): 1 Patio: 1 Storage: 1 Other: 1

Spa

None: 1

Sewer

Septic Tank: 1 Septic-In & Connected: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 0

Parking Features

Separate Strge Area: 1

Irrigation

Flood: 1

New Financing

Cash: 1 VA: 1 Conventional: 1

Energy/Green Feature

Multi-Zones: 1

Plumbing

Tankless Ht Wtr Heat: 1 Engy Star Ht Wtr Htr: 1 Gas Hot Wtr – Tnklss: 1

Utilities

APS: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 1st Loan Terms

Non Assumable: 1

Property Description

North/South Exposure: 1

Landscaping

Dirt Back: 1 Grass Front: 1 Grass Back: 1 Synthetic Grass Back: 1

Services

City Services: 1

Horse Features

Other: 1 See Remarks: 1

Items Updated

Floor Yr Updated: 2018 Floor Partial/Full: Full Roof Yr Updated: 2018 Roof Partial/Full: Full Kitchen Yr Updated: 2018 Kitchen Partial/Full: Full Bath(s) Yr Updated: 2018 Bath(s) Partial/Full: Full Rm Adtn Yr Updated: 2019 Rm Adtn Partial/Full: Full

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Sold Info

Loan Type: Other Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 1000 Seller Concession $/%: $

Remarks Misc

Cross Street: Gilbert & Elliot Directions: South on Elliot; East on Water Tank Rd. to home on right Geo Lat: 33.340327 Geo Lon: -111.78717

Status Change Info

Off Market Date: 2023-09-08 Under Contract Date: 2023-08-24 Close of Escrow Date: 2023-09-26 Sold Price: $2,000,000

Property Features

Special Listing Cond: Owner/Agent Add'l Property Use: Grove; Farm; Ranch; Other Architecture: Ranch Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; Other (See Remarks) Master Bedroom: Not Split Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet Fireplace Features: Fireplace Living Rm; Exterior Fireplace; Other Flooring: Tile; Wood Window Features: Dual Pane; Low-Emissivity Windows Spa: None Community Features: Near Bus Stop Dining Area: Breakfast Bar; Dining in LR/GR Kitchen Features: Gas Oven; Gas Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Multiple Ovens; Pantry; Non-laminate Counter; Kitchen Island Laundry: Gas Dryer Hookup; Inside; Other; See Remarks Interior Features: Skylight(s); Vaulted Ceiling(s); No Interior Steps; Other; See Remarks Technology: Cable TV Avail; High Speed Internet Exterior Features: Covered Patio(s); Patio; Storage; Other Parking Features: Separate Strge Area Road Responsibility: City Maintained Road Construction: Wood Frame Const - Finish: Painted; Siding Roofing: Composition Cooling: Central Air; Programmable Thmstat Heating: Natural Gas Plumbing: Tankless Ht Wtr Heat; Engy Star Ht Wtr Htr; Gas Hot Wtr – Tnklss Utilities: APS; SW Gas Water Source: City Water Irrigation: Flood Sewer: Septic Tank; Septic-In & Connected Services: City Services Fencing: Wood; Wire Property Description: North/South Exposure Landscaping: Dirt Back; Grass Front; Grass Back; Synthetic Grass Back Horse Features: Other; See Remarks Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Dana Hubbell Group

Last Updated: May - 06 - 2025

Broker Attribution: 602-697-3103