$612,500
Gilbert, AZ 85233
MLS# 6872165
5 beds | 2.5 baths
1 / 52
Property Description
Completely remodeled in 2025, this beautifully updated home offers modern comfort, flexible living spaces, and significant savings with an **ASSUMABLE FHA LOAN ($290k - $1443/mo P&I) at 3.25%** The spacious layout includes 4 bedrooms upstairs and a versatile den/guest room on the main level, perfect for remote work or multi-generational living. A 20x8 bonus room adds even more flexibility—ideal for a home theater, music studio, gym, or private office. Step out onto the MBR balcony and take in peaceful lake views with no rear neighbors—just a wide, lush greenbelt providing privacy and natural beauty. Stylish tile flooring throughout high-traffic areas combines durability with elegance. Don't miss this rare opportunity!
Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $612,500
Status: Active
Current Price: $612,500
List Date: 2025-05-28
Location, Tax & Legal
Assessor's Map #: 4
Legal Description (Abbrev): Martinque 03 At Islands
Assessor's Parcel #: 363
Tax Municipality: Gilbert
Taxes: 2555
House Number: 135
Compass: S
Street Name: Abalone
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 5643
County Code: Maricopa
Assessor Number: 310-04-363
Subdivision: Martinique 3
Tax Year: 2024
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 2
Full Bathrooms: 2
Half Bathrooms: 1
Approx SQFT: 2529
Price/SqFt: 242.19
Approx Lot SqFt: 7500
Approx Lot Acres: 0.172
Horses: N
Builder Name: Blandford
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Islands Elementary School
Jr. High School: Mesquite Jr High School
High School: Mesquite High School
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Dwelling Type: Single Family Residence
Exterior Stories: 2
# Bedrooms: 5
Total Bathrooms: 2.5
Year Built: 1994
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Pmt & Rate Info
Total Asum Mnth Pmts: 1434
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: No
HOA Transfer Fee: 0
HOA Fee: 364.46
HOA Paid Frequency: Semi-Annually
HOA Name: The Islands HOA
HOA Telephone: 480-551-4300
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
PAD Fee: 0
Cap Improvement/Impact Fee: 2147.29
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 364.46
Disclosure Fees HOA: 245
Other Fees HOA: 0
Land Lease Fee Y/N: N
Land Lease Fee: 0
Rec Center Fee Y/N: N
Rec Center Fee: 0
Rec Center Pd (Freq): Semi-Annually
Ttl Mthly Fee Equiv: 60.74
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Master Bathroom
Full Bth Master Bdrm: 1
Double Vanity: 1
Master Bedroom
Upstairs: 1
Additional Bedroom
Master Bedroom Walk-in Closet: 1
Fireplace Features
Fireplace Family Rm: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Dual Pane: 1
Community Features
Biking/Walking Path: 1
Children's Playgrnd: 1
Lake: 1
Dining Area
Formal: 1
Eat-in Kitchen: 1
Heating
Electric: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Built-in Microwave: 1
Pantry: 1
Range/Oven Elec: 1
Refrigerator: 1
Granite Counters: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
Soft Water Loop: 1
Laundry
Washer Hookup: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Family Room: 1
Bonus/Game Room: 1
Separate Den/Office
Sep Den/Office Y/N: N
Technology
Cable TV Avail: 1
High Speed Internet: 1
Fencing
Block: 1
Water Source
City Water: 1
Exterior Features
Balcony: 1
Covered Patio(s): 1
Spa
None: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 2
Garage Spaces: 2
Parking Features
Attch'd Gar Cabinets: 1
RV Gate: 1
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Plumbing
Electric Hot Wtr Htr: 1
Utilities
SRP: 1
Existing 1st Loan
FHA: 1
Conventional: 1
Existing 1st Loan Terms
Assume - Qualify: 1
Landscaping
Grass Front: 1
Grass Back: 1
Auto Timer H2O Front: 1
Auto Timer H2O Back: 1
Services
City Services: 1
Items Updated
Floor Yr Updated: 2020
Floor Partial/Full: Partial
Ht/Cool Yr Updated: 2022
Ht/Cool Partial/Full: Full
Kitchen Yr Updated: 2025
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2020
Bath(s) Partial/Full: Full
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
Close of Escrow: 1
Association Fee Incl
Common Area Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
No Visible Truck Trailer RV Boat: 1
Prof Managed: 1
Remarks Misc
Cross Street: Elliot & McQueen
Geo Lat: 33.346913
Geo Lon: -111.822744
Legal Info
Lot Number: 137
Property Features
Special Listing Cond: N/A
Master Bathroom: Full Bth Master Bdrm; Double Vanity
Master Bedroom: Upstairs
Additional Bedroom: Master Bedroom Walk-in Closet
Fireplace Features: Fireplace Family Rm
Flooring: Carpet; Tile
Window Features: Dual Pane
Spa: None
Community Features: Biking/Walking Path; Children's Playgrnd; Lake
Dining Area: Formal; Eat-in Kitchen
Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Granite Counters
Laundry: Washer Hookup; Inside
Other Rooms: Family Room; Bonus/Game Room
Interior Features: Vaulted Ceiling(s); Soft Water Loop
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Balcony; Covered Patio(s)
Parking Features: Attch'd Gar Cabinets; Garage Door Opener; RV Gate
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Electric
Plumbing: Electric Hot Wtr Htr
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public; Sewer-In & Connected
Services: City Services
Fencing: Block
Landscaping: Grass Front; Grass Back; Auto Timer H2O Front; Auto Timer H2O Back
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: FHA; Conventional
Existing 1st Loan Terms: Assume - Qualify
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: HomeSmart
Last Updated: December - 16 - 2025
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