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Sold for $835,000
    • $835,000

    1501 E RAKESTRAW Lane, Gilbert, AZ 85298

    4beds
    3,173sqft
    Single Family Residence
    Built in 2023
    5,968 Square Feet Lot
    $836,600 Zestimate®
    $263/sqft
    $4,144 Estimated rent

    Home value

    $836,600

    $770,000 - $912,000

    $4,144/mo

    Zestimate® history
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    What's special

    Amazing covered patioStriking wall-mounted fireplaceImpressive open floor planContemporary design elementsVersatile loftPaver drivewaySerene primary suite
    Welcome to Waterston! - Luxury Living in a Prestigious Gated Community! Step into elegance and comfort with this stunning 4-bedroom, 3.5-bath home, complete with a dedicated office and a spacious loft, thoughtfully designed for modern living. With $90K in premium upgrades, this residence combines style, function, and an exceptional lifestyle. A charming curb appeal sets the tone with a 2-car garage, paver driveway, and stylish stone accents. Inside, the impressive open floor plan showcases contemporary design elements, abundant natural light, plantation shutters, surround sound, and a striking wall-mounted fireplace. The gourmet kitchen is a chef's dream - featuring stainless steel appliances, a gas cooktop, tile backsplash, quartz countertops, ample cabinetry with crown moulding, . . . recessed and pendant lighting, and a large prep island with breakfast bar seating. Upstairs, enjoy a versatile loft, perfect for a media room, playroom, or secondary office space. The serene primary suite offers plush carpeting, a spa-like ensuite with dual vanities, a soaking tub, and a generous walk-in closet. A second main bedroom and an open den provide even more flexibility for guests or multi-generational living. Spacious backyard is complete with a gorgeous green turf including a putting green and offers an amazing covered patio, with an outdoor kitchen with a built-in BBQ, warming drawer, refrigerator and plenty of countertop/serving space. What's not to like? A deal like this surely won't last! It's New...It's Move-in Ready. It can be Yours! Located in one of Gilbert's most desirable gated communities, this home offers outstanding security, privacy, and resort-style amenities. Schools - Gilbert Schools are Top Rated...plus just minutes from the best dining, shopping, entertainment, and outdoor recreation that Gilbert, Arizona has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Harless 480-771-1511,

    AZ Flat Fee,

    Kim Leighton 480-933-1603,

    AZ Flat Fee

    Bought with:

    Mike Jung, SA635579000

    SK Realty

    Source: ARMLS,MLS#: 6958168MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • ENERGY STAR Qualified Equipment, Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat
    Appliances
    • Included: Dryer, Washer, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Cooktop, Built-In Electric Oven, Water Purifier
    • Laundry: Inside, Engy Star (See Rmks)
    Features
    • High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Carpet, Tile
    • Windows: Low Emissivity Windows, Double Pane Windows
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 3,173
    • Total interior livable area: 3,173 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets
    • Attached garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Stories: 2
    • Patio & porch: Covered, Patio
    • Exterior features: Private Yard, Built-in Barbecue
    • Spa features: None
    • Fencing: Block
    Lot
    • Size: 5,968 Square Feet
    • Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Frnt, Synthetic Grass Back
    Details
    • Parcel number: 31333633
    • Lease amount: $0

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame, Painted, Stone
    • Roof: Tile
    Condition
    • Year built: 2023
    Details
    • Builder name: Tri Pointe Homes

    Utilities & green energy

    • Electric: 220 Volts in Kitchen
    • Sewer: Public Sewer
    • Water: City Water
    Green energy
    • Energy efficient items: Multi-Zones
    • Water conservation: Tankless Ht Wtr Heat

    Community & HOA

    Community
    • Features: Lake, Gated, Community Spa, Community Spa Htd, Playground, Biking/Walking Path
    • Subdivision: WATERSTON NORTH PHASE 1
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds
    • HOA fee: $165 monthly
    • HOA name: Waterston
    • HOA phone: 602-437-4777
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $263/sqft
    • Tax assessed value: $636,500
    • Annual tax amount: $2,367
    • Date on market: 1/30/2026
    • Cumulative days on market: 116 days
    • Listing terms: Cash,Conventional,1031 Exchange
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    3/3/2026Sold$835,000-1.2%$263/sqft
    Source: ARMLS #6958168 Report a problem
    1/15/2026Pending sale$845,000$266/sqft
    Source: ARMLS #6958168 Report a problem
    12/16/2025Listed for sale$845,000-0.6%$266/sqft
    Source: ARMLS #6958168 Report a problem
    12/2/2025Listing removed$850,000$268/sqft
    Source: ARMLS #6917096 Report a problem
    10/17/2025Price change$850,000-2.9%$268/sqft
    Source: ARMLS #6917096 Report a problem
    10/1/2025Price change$875,000-0.6%$276/sqft
    Source: ARMLS #6917096 Report a problem
    9/29/2025Price change$880,000-3.3%$277/sqft
    Source: ARMLS #6917096 Report a problem
    9/18/2025Price change$910,000-1.6%$287/sqft
    Source: ARMLS #6917096 Report a problem
    9/9/2025Listed for sale$925,000+2.9%$292/sqft
    Source: ARMLS #6917096 Report a problem
    7/1/2025Listing removed$899,000$283/sqft
    Source: ARMLS #6869897 Report a problem
    6/25/2025Price change$899,000-2.8%$283/sqft
    Source: ARMLS #6869897 Report a problem
    6/5/2025Price change$925,000-2.6%$292/sqft
    Source: ARMLS #6869897 Report a problem
    5/22/2025Listed for sale$949,999+25.2%$299/sqft
    Source: ARMLS #6869897 Report a problem
    5/24/2023Sold$758,785$239/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,324 +1.3%$63,650 +5.4%
    2024$2,294 +869.6%$60,370 +2397.7%
    2023$237 -8.4%$2,417 -42.2%
    2022$258 $4,185 +15996.2%
    2021-- $26
    Find assessor info on the county website

    Neighborhood: 85298

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Robert J.C. Rice Elementary School
    • Middle: Robert J.C. Rice Elementary School
    • High: Perry High School
    • District: Chandler Unified District #80

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $836,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $836,600

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