1240 E Hearne Way, Gilbert, AZ 85234 Property Records

Maricopa County property record for 1240 E Hearne Way, Gilbert, AZ 85234

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 1,460 sqft · built 1994
Lot Size	0.115 acres (5,005 sqft)
Owner	Individual Name on Record
Last Sale	$222,000 (May 2017)
Tax Bill	$1,292 (2025)
Deeds & Mortgages	Feb 2021 Mortgage May 2017 Sale & Mortgage
Flood Zone	Zone X (moderate risk)
APN	`309-01-039`

Property Details

APN / Parcel Number

Primary APN	`309-01-039`
Alternative APN	`309010397`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Plumbing Fixtures	9 Plumbing Fixtures
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	1,460 sqft Living Area
1st Floor Area	916 sqft
2nd Floor Area	544 sqft

Exterior

Year Built	Built 1994
Effective Year Built	Effective 1994
Exterior Material	Wood
Construction Type	Frame
Roof Material	Concrete
Lot Area	5,005 sqft (0.115 acres)
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	Refrigeration
Heating System	Forced Air with A/C

Location & Zoning

Street Address	1240 E HEARNE WAY
City	GILBERT
State	AZ
Zip	85234-6024
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R-6
Legal Description	HERITAGE COVE AT WIND DRIFT LOT 1-73 TR A-G MCR 313-04
Legal Range	6E
Legal Township	1S
Legal Section	8
Legal Subdivision	HERITAGE COVE AT WIND DRIFT LOT 1-73 TR
Legal Lot Number	39
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	3
Census Block	3001
Census Tract	422509

Owner

Source: Maricopa County records, as of October 22, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	1240 E HEARNE WAY, GILBERT, AZ 85234-6024
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Feb 8, 2021	Intrafamily Transfer, Transfer · Conventional Mortgage NOVA FINANCIAL & INVESTMENT CORP
May 2, 2017	Warranty Deed, Transfer · FHA Mortgage V I P MORTGAGE INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 2, 2017 · Amount on Record
Deed Sale	May 2, 2017 · Amount on Record
Prior Sale	Feb 4, 2013 · Amount on Record
Deed Document Number	2017317839
Prior Transfer Date	Apr 27, 1996
Prior Transfer Doc	0000290688
Record Updated	Oct 29, 2026

February 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MARICOPA AZ
Recording Date	Feb 8, 2021
Property Address	1240 E HEARNE WAY, GILBERT, AZ 85234-6024
Document Number	0000140762
Map Reference	MB 316 PG 9
Instrument Date	Feb 5, 2021
Instrument	20210140762
Transaction Type	Transfer
Record Updated	Dec 21, 2021
Title Company	DRIGGS TITLE AGENCY INC

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1240 E HEARNE WAY, GILBERT, AZ 85234-6024

Mortgage

Document Number	0000140763
Date	Feb 8, 2021
Instrument	20210140763

Lender

Name	NOVA FINANCIAL & INVESTMENT CORP
Type	Funding / Finance Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Mar 1, 2051

May 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	May 2, 2017
Property Address	1240 E HEARNE WAY, GILBERT, AZ 85234-6024
Document Number	0000317839
Map Reference	DOC90-496698
Instrument Date	Apr 3, 2017
Instrument	2017-0317839
Transaction Type	Transfer
Record Updated	Dec 21, 2021
Title Company	FIRST AMERICAN TITLE INSURAN

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	741 W HARVARD AVE, 741, GILBERT, AZ 85233-3248

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	1240 E HEARNE WAY, GILBERT, AZ 85234-6024

Mortgage

Document Number	0000317840
Date	May 2, 2017
Instrument	2017-0317840

Lender

Name	V I P MORTGAGE INC
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jun 1, 2047

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Gilbert Town
Unified School District	Gilbert Unified District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$37,030 (+119.42%)	$370,300 (+6.35%) Land $74,000 Building $296,300
2025	$1,292.00 (+3.28%)	$16,876 (-54.41%)	$348,200 (-5.94%) Land $69,600 Building $278,600
2024		$37,020	$370,200 Land $74,000 Building $296,200
2023	$1,251.00

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 99.6% of Arizona
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	TOWN OF GILBERT serves 247,600 people · EPA ID AZ0407092
Water Source	Surface water
Last State Inspection	Oct 2025
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Jul 2017
Treatment and Procedure	Treatment report not submitted Oct 2017
Monitoring and Reporting	53 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 844 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable	2,000 / 100
CenturyLink DSL · Fiber in parts of the area	140 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless · Fiber in parts of the area	100 / 20

May also be available: Arizona Network, Tristate Wi-Fi by Wi-Fiber, Verizon.

Nearby Properties on E Hearne Way

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures