NOT LISTED FOR SALE

1020 E Gilbert Dr Tempe, AZ 85288

North Tempe Neighborhood

Estimated Value: $873,549

-- Bed
-- Bath
2,433 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 05, 2017

Last sale price $475,000 $195 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,112/month

34 Days on Market

About This Home

As of July 2017

Great location with 202 Visual Frontage from Gilbert Rd!!! Large (over 2400 sq ft) Garage/Shop with Office Space and 3 bay garage (one drive thru bay). 2 additional parking canopies. This fenced property has water/garbage service via City of Tempe but is part of an unincorporated island with Maricopa County. So many business opportuniti- Do Not Disturb--Appt Onlyes! No sign on property -.

Last Agent to Sell the Property

Kristin Korinek

HomeSmart License #SA657487000 Listed on: 05/20/2017

HomeSmart

Co-Listed By

Kimberley Wimberley

Kimberley Wimberley Real Estate License #BR645044000

Last Buyer's Agent

Nicholas Estrada

4 U Realty Plus License #SA518214000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,572

Year Built

  • Built in 1974

Lot Details

  • 0.55 Acre Lot
  • Chain Link Fence
  • Property is zoned IND-2

Home Design

  • Metal Roof
  • Metal Siding

Interior Spaces

  • 2,433 Sq Ft Home
  • Concrete Flooring

Parking

  • 25 Open Parking Spaces
  • 39 Parking Spaces
  • 14 Covered Spaces

Utilities

  • No Heating
  • Septic Tank

Community Details

  • Fruitland Farms 1 8 Subdivision
  • Operating Expense $3,572

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 132-19-012-C

Property Details

Property Type

Other

Est. Annual Taxes

$3,572

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Road and 202 Freeway
  • Property Type: Comm/Industry Sale
  • Zoning: IND-2
  • Current Use: Mixed Use, Service Business, Automobile, Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2016
  • Directions: North on Scottsdale Road, Right on Gilbert Drive
  • Lot Size Acres: 0.55
  • Co List Office Mls Id: kwre001
  • Co List Office Phone: 512-203-2816
  • Subdivision Name: FRUITLAND FARMS 1-8
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Chain Link
  • Construction Type: Metal Siding
  • Roof: Metal
  • Construction:Metal: Yes

Garage/Parking

  • Total Covered Spaces: 14.0
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 39.0
  • General Property Description:Covered Parking Spcs: 14.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 39.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: None
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:None29: Yes

Lot Info

  • Lot Size Sq Ft: 24045.0
  • Additional Parcels: No
  • Parcel #: 132-19-012-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 3571.5

Tax Info

  • Tax Annual Amount: 3571.5
  • Tax Book Number: 132.00
  • Tax Lot: 7
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2018
Sold by
Naini Abbas A
Bought by
Pirooz Llc
Current Estimated Value
$873,549

Purchase Details

Listed on
May 20, 2017
Closed on
Jun 29, 2017
Sold by
Kasaelan Firouzeh N and Naini Abbas
Bought by
Naini Abbas
Seller's Agent
Kristin Korinek
HomeSmart
Buyer's Agent
Nicholas Estrada
4 U Realty Plus
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Listed on
May 20, 2017
Closed on
Jun 23, 2017
Sold by
Corcoran Investments Llc
Bought by
Naini Abbas
Seller's Agent
Kristin Korinek
HomeSmart
Buyer's Agent
Nicholas Estrada
4 U Realty Plus
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%

Purchase Details

Closed on
Nov 15, 2002
Sold by
Wilson Janet Pettit
Bought by
Thompson Mcaldon and Thompson Tyra

Purchase Details

Closed on
Jan 3, 2001
Sold by
Lewis William R and Lewis Wilma M
Bought by
Corcoran Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
7.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 1998
Sold by
Pettit Ercell P
Bought by
Pettit Ercell P and Wilson Janet Pettit

Purchase Details

Closed on
Nov 17, 1995
Sold by
Lewis William R and Lewis Wilma M
Bought by
William & Wilma Lewis Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pirooz Llc -- None Available
Naini Abbas -- First American Title Insuran
Naini Abbas $475,000 First American Title Insuran
Thompson Mcaldon $250,000 Security Title Agency
Corcoran Investments Llc $300,000 Century Title Agency Inc
Pettit Ercell P -- --
William & Wilma Lewis Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corcoran Investments Llc $185,500
Closed Corcoran Investments Llc $123,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2017 07/05/17 Sold $475,000 -9.5% $195 / Sq Ft
06/15/2017 06/15/17 Price Changed $525,000 +8.2% $216 / Sq Ft
05/20/2017 05/20/17 For Sale $485,000 -- $199 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $3,952 $34,864 -- --
2024 $3,951 $34,241 -- --
2023 $3,951 $111,282 $105,281 $6,001
2022 $3,853 $64,523 $40,968 $23,555
2021 $4,042 $62,946 $42,138 $20,808
2020 $3,946 $60,120 $42,120 $18,000
2019 $3,863 $56,034 $40,248 $15,786
2018 $3,763 $53,424 $25,380 $28,044
2017 $3,640 $31,500 $24,642 $6,858
2016 $3,572 $26,820 $20,538 $6,282
2015 $3,373 $27,010 $19,314 $7,696
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kristin Korinek

    HomeSmart

    (602) 390-1331

    17 Total Sales

    Section Image
  • Kimberley Wimberley

    Seller Co-Listing Agent in 2017

    Kimberley Wimberley

    Kimberley Wimberley Real Estate

    (512) 203-2816

    59 Total Sales

    Section Image

  • N

    Buyer's Agent in 2017

    Nicholas Estrada

    4 U Realty Plus

    (602) 489-8888

    191 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5608744

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-19-012C

Arizona Maricopa County Tempe 85281 North Tempe

1020 E Gilbert Dr, Tempe, AZ

This home is located at 1020 E Gilbert Dr, Tempe, AZ 85288 since 20 May 2017 and is currently estimated at $873,549, approximately $359 per square foot. This property was built in 1974. 1020 E Gilbert Dr is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary School.

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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