2540 E Milky Way, Gilbert, AZ 85295 Property Records

Maricopa County property record for 2540 E Milky Way, Gilbert, AZ 85295

Property Summary

Property Type	Single Family Home
Details	4 ba · 3,037 sqft · built 2000
Lot Size	0.222 acres (9,682 sqft)
Owner	Company Name on Record
Last Sale	$309,900 (Oct 2016)
Tax Bill	$2,207 (2025)
Deeds & Mortgages	Feb 2026 Transfer Mar 2021 Mortgage + 1 more
Flood Zone	Zone X (moderate risk)
APN	`304-40-221`

Property Details

APN / Parcel Number

Primary APN	`304-40-221`

Interior

Full Baths	4 Baths
Plumbing Fixtures	12 Plumbing Fixtures
Total Rooms	10 Rooms
Stories	2 Stories
Building Area	3,037 sqft Living Area
1st Floor Area	1,572 sqft
2nd Floor Area	1,465 sqft

Exterior

Year Built	Built 2000
Exterior Material	Wood
Construction Type	Frame
Roof Material	Concrete Tile
Lot Area	9,682 sqft (0.222 acres)
Parking Spaces	3 Parking Spaces
Patio Area	128 sqft

Utilities, Heating & Cooling

Cooling System	Refrigeration
Heating System	HVAC

Location & Zoning

Street Address	2540 E MILKY WAY
City	GILBERT
State	AZ
Zip	85295-9127
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R-8
Legal Description	GATEWAY RANCH MCR 484-17
Legal Range	06E
Legal Township	01S
Legal Section	27
Legal Quarter	SW
Quarter-Quarter Section	NW
Legal Subdivision	GATEWAY RANCH
Legal Lot Number	208
Jurisdiction	MARICOPA AZ
Township / Civil Division	CHANDLER
Census Block Group	2
Census Block	2005
Census Tract	815100

Owner

Source: Maricopa County records, as of February 13, 2026

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

Owner of Record	Company Name on Record
Co-owner	2 Co-owners on Record
Mailing Address	2540 E MILKY WAY, GILBERT, AZ 85295-9127
Occupancy	Owner Occupied
Owner Type	Company, Secondary Individual
Vesting	Trust

Deeds, Mortgages & Sale History

Date	Document
Feb 9, 2026	Intrafamily Transfer, Transfer
Mar 31, 2021	Deed of Trust, Mortgage · Conventional Mortgage CARDINAL FINANCIAL COMPANY LP
Sep 6, 2019	Deed of Trust, Mortgage · Conventional Mortgage BAXTER CU

Assessor's Deed Record

Deed Names	3 Names on Deed
Last Sale	Oct 18, 2016 · Amount on Record
Deed Sale	Oct 18, 2016 · Amount on Record
Prior Sale	Oct 18, 2016 · Amount on Record
Deed Document Number	0000764163
Last Transfer Date	Feb 9, 2026
Transfer Doc	0000075806
Record Updated	Jun 8, 2026

February 2026: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MARICOPA AZ
Recording Date	Feb 9, 2026
Property Address	2540 E MILKY WAY, GILBERT, AZ 85295-9127
Document Number	0000075806
Map Reference	MB 484 PG 17
Instrument Date	Feb 7, 2026
Instrument	20260075806
Transaction Type	Transfer
Record Updated	Feb 16, 2026

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
Relationship	Living Trust
Address	2540 E MILKY WAY, GILBERT, AZ 85295-9127

March 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	2540 E MILKY WAY, GILBERT, AZ 85295-9127
Transaction Type	Mortgage
Record Updated	Apr 13, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000358987
Date	Mar 31, 2021
Instrument	20210358987

Lender

Name	CARDINAL FINANCIAL COMPANY LP
Type	Mortgage Company
Address	CHARLOTTE, NC 28273

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	241 Months
Due	Apr 1, 2041

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	2540 E MILKY WAY, GILBERT, AZ 85295-9127
Document Number	0000803032
Instrument Date	Sep 6, 2019
Transaction Type	Mortgage
Record Updated	Oct 18, 2019
Title Company	MIS TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	2540 E MILKY WAY GILBERT AZ 852959127, GILBERT, AZ 85295-9127

Mortgage

Document Number	0000803032
Date	Oct 9, 2019
Instrument	803032

Lender

Name	BAXTER CU
Type	Credit Union
Address	VERNON HILLS, IL 60061

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Oct 8, 2039

Interest

Rate Type	Adjustable Rate
Rate	3.75%

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of January 1, 2025

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$57,180 (+1.11%)	$571,800 (+1.11%) Land $114,300 Building $457,500
2025	$2,207.00 (-13.59%)
2024		$56,550	$565,500 Land $113,100 Building $452,400
2023	$2,554.00

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

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; 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 99.1% of the US · lower than 99.8% of Arizona
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

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 468 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable	2,000 / 100
CenturyLink DSL	140 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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