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2141 E Melrose Street, Gilbert, AZ, 85297

5beds
3baths
4,264sqft
$1,550,000
$364price/sqft
$9,211/moest. monthly cost
$368,440/yrincome needed

About This Home

Rare 1-acre irrigated property with separate casita located on a private street, ideally situated near the LDS Temple, shopping, schools, and freeway access. The main home features an open family room and kitchen, formal dining area, 5 bedrooms, 3 bathrooms, laundry room, large pantry, and spacious primary suite with generous closet and bathroom. Recent updates include new interior and exterior paint, new carpet, shutters in the family room, dining room, front bedroom, and garage, along with new blinds in additional bedrooms. Kitchen improvements include newer appliances, microwave, and garbage disposal. Major system upgrades include all new Anderson windows, a new hybrid water heater, H2O Concepts water filtration system (serving house and apartment), and new roof and air conditioning systems for the home, apartment, and garage. Outdoor living is highlighted by a large covered patio (35' x 22'), automatic sprinkler system, and 16-foot RV gate providing access to the spacious backyard. The oversized garage (29' x 25') offers 725 sq ft with 10 ft ceilings, epoxy flooring, insulated walls/ceiling/door, windows with shutters, and dedicated heating and cooling. Multiple access points provide convenient entry to both the home and kitchen. The detached apartment (30' x 30') offers approximately 900 sq ft with 2 bedrooms, large living room, kitchen with updated appliances, laundry room, walk-in shower bath, and insulated attic storage. Covered patio and parking complete the space. Total structure includes approximately 2,639 sq ft main home, 725 sq ft garage, and 900 sq ft apartment (approx. 4,264 sq ft combined improvements).

Getting Around

7
WalkingCar-Dependent
22
TransitMinimal Transit
34
BikeSomewhat Bikeable

Schools

10/10
7/10
Campo Verde High SchoolGrades 8-121.1 mi
8/10

Construction

Condition

  • Year built: 2000

Materials

  • Roof: Concrete
  • Construction materials: Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: See Remarks
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Built-in Microwave,Disposal
  • Laundry features: See Remarks

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • See Remarks
  • Window features: Double Pane Windows
  • Flooring: Other

Heating & Cooling

  • Heating features: See Remarks
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,264
  • Total interior livable area: 4,264 sqft

Property

Details

  • Parcel number: 30453175
  • Horse amenities: See Remarks

Features

  • Stories: 1
  • Exterior features: Other,RV Hookup
  • Spa features: None
  • Fencing: See Remarks
  • Horses can be raised: Yes

Lot

  • Lot size: 1.08 Acres
  • Features: Grass Front,Grass Back,Irrigation Front,Irrigation Back

Parking

  • Total spaces: 5
  • Parking features: RV Access/Parking,RV Gate
  • Has garage: Yes
  • Attached garage spaces: 5
  • Covered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,837$94,044
Home Insurance $355$4,260
Property Taxes $568$6,816
Electricity $451$5,418
Total$9,211$110,532

Income You'd Need if You Spent...

35% on housing$315,805/yr
40% on housing$276,330/yr
45% on housing$245,626/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$364This listing

vs Other Active Listings

Avg $/sqft

ZIP 85297$287
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85297$261
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-01Listed for sale$1,550,000
1999-11-03Sold$65,000

For Sale by Agent

AgentHani Aldulaimi
BrokerageKeller Williams Realty Phoenix

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