NOT LISTED FOR SALE

101 N Oak St Gilbert, AZ 85233

Heritage District Neighborhood

Estimated Value: $771,000 - $840,000

Studio
-- Bath
2,196 Sq Ft
$369/Sq Ft Est. Value

Sale Details

Date Sold: December 7, 2018

Last sale price $500,000 $228 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,521 / mo

39 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 2-minute walk to Veterans Park
  • Gilbert Elementary School Rated A-

About This Home

As of December 2018

Lee & Associates is pleased to present the opportunity to acquire Gilbert 4 Apartments. The 4-unit complex is comprised of 2 one bedroom/one bath units and 2 two bedroom/one bath units. The property is single-story, block construction and possesses a number of value-add opportunities.
• Individually metered for electricity
• Charming pedestrian neighborhood
• Single-story buildings
• Hard surface flooring
• Security screen doors
• Individual front yard sitting area
• Block construction to control potential noise issues
• Ample parking
• Xeriscape
• Private block fenced backyard patios. Tours by appointed only. Please do not disturb tenants. Property being sold as is.

Last Agent to Sell the Property

Lisa Lombard

Lee & Associates License #BR654921000 Listed on: 11/20/2018

Lee & Associates

Last Buyer's Agent

Lisa Lombard

Lee & Associates License #BR654921000 Listed on: 11/20/2018

Lee & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1982

Lot Details

  • 9,235

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 5 / 7
  • Assessor Parcel Number 302-18-092-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9,230
  • Lacy Tract Blk 1 8 Subdivision

Building Details

  • Operating Expense $10,142
  • Gross Income $44,669
  • Net Operating Income $35,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1982

Lot Details

9,235 Sq Ft Lot

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: SF-6
  • Number Of Buildings: 1
  • Year Built: 1982
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: LACY TRACT BLK 1-8
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 9,230
  • Additional Parcels: No
  • Parcel #: 302-18-092-B

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 44668.8
  • Property Net Operating Income: 35827.0
  • Annual Operating Expense: 10142.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Block: 7
  • Tax Book Number: 302.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Bought by
Current Estimated Value
$809,657

Purchase Details

Closed on
Dec 5, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0375%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2018
Closed on
Dec 6, 2018
Sold by
Bought by
Seller's Agent
Lisa Lombard
Lee & Associates
Buyer's Agent
Lisa Lombard
Lee & Associates
List Price
$480,000
Sold Price
$500,000
Premium/Discount to List
$20,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$400,000
Interest Rate
0.048%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- Premier Title Agency
$500,000 Great American Title Agency
$155,000 Chicago Title Agency Inc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/07/2018 12/07/18 Sold $500,000 +4.2% $228 / Sq Ft
10/25/2018 10/25/18 For Sale $480,000 -- $219 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,317 $14,505
2024 $1,275 $13,815
2023 $1,275 $47,320 $9,460 $37,860
2022 $1,240 $41,880 $8,370 $33,510
2021 $1,283 $34,970 $6,990 $27,980
2020 $1,264 $27,810 $5,560 $22,250
2019 $1,174 $20,700 $4,140 $16,560
2018 $1,142 $18,250 $3,650 $14,600
2017 $1,104 $15,100 $3,020 $12,080
2016 $1,132 $14,110 $2,820 $11,290
2015 $1,032 $11,420 $2,280 $9,140
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lisa Lombard

    Lee & Associates

    (602) 956-7777

    Lisa Lombard
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5849336

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-18-092B

Arizona Maricopa County Gilbert 85233 Heritage District

101 N Oak St, Gilbert, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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