NOT LISTED FOR SALE

116 E Cullumber Ave Gilbert, AZ 85234

Downtown Gilbert Neighborhood

Estimated Value: $233,000 - $603,000

3 Beds
2 Baths
1,152 Sq Ft
$323/Sq Ft Est. Value

Last Sold November 28, 2012

Last sale price $80,000 $69 Per Sq Ft

Est. 366% increase in value since last sale

Current estimated payment $2,148/month

33 Days on Market

Highlights

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • 4-minute walk to Water Tower Plaza
  • Burk Elementary School Rated A-

About This Home

As of November 2012

Charming and remodeled Duplex. Each unit one bedroom, one bathroom with approximately 576 sq. ft. Great income potential. Upgraded kitchen and baths with newer cabinets and appliances including fridges. These ready to rent units are clean, fresh and tastefully presented. Perfect location in Downtown Historical Gilbert. Owner has never occupied the property or rented the property and has no financials.

Last Agent to Sell the Property

Carol A. Royse

Your Home Sold Guaranteed Realty License #SA026080000 Listed on: 10/12/2012

Your Home Sold Guaranteed Realty

Last Buyer's Agent

Jeffery Hanrath

Valley Income Properties, Inc. License #BR045294000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $354

Year Built

  • Built in 1940

Lot Details

  • 3,572

Home Design

  • Wood Frame Construction
  • Composition Roof

Schools

  • Gilbert High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 304-11-076-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 000x000
  • Historical Downtown Gilbert Subdivision

Building Details

  • Operating Expense $354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$354

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: Gilbert and Elliott
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-L
  • Number Of Buildings: 1
  • Year Built: 1940
  • Tax Year: 2012
  • Directions: North on Gilbert, East on Cullumber to property
  • Road Surface Type: Asphalt
  • Subdivision Name: Historical downtown Gilbert
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking:None30: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • High School: Gilbert High School

Lot Info

  • Lot Size: 000x000
  • Additional Parcels: No
  • Parcel #: 304-11-076-A

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 354.0

Tax Info

  • Tax Annual Amount: 354.0
  • Tax Book Number: 304.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2012
Closed on
Nov 28, 2012
Sold by
Pgreo Llc
Bought by
Mullin Sharon R
Seller's Agent
Carol A. Royse
Your Home Sold Guaranteed Realty
Buyer's Agent
Jeffery Hanrath
Valley Income Properties, Inc.
List Price
$93,000
Sold Price
$80,000
Premium/Discount to List
-$13,000
-13.98%
Total Days on Market
33
Current Estimated Value
$372,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,591
Avg. Annual Appreciation
13.06%

Purchase Details

Listed on
Nov 8, 2011
Closed on
Jun 29, 2012
Sold by
Rabelo Karla
Bought by
Pgreo Llc
Seller's Agent
Eric R Middlebrook
Your Home Sold Guaranteed Realty
Buyer's Agent
Eric R Middlebrook
Your Home Sold Guaranteed Realty
List Price
$30,000
Sold Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
933.26%
Original Mortgage
$35,000
Interest Rate
3.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2006
Sold by
Rabelo Felipe
Bought by
Rabelo Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2006
Sold by
Freeman Oviron
Bought by
Roberto Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2002
Sold by
Desert Sky Acquisitions Llc
Bought by
Freeman Oviron

Purchase Details

Closed on
Jan 22, 2002
Sold by
Bankers Trust Company
Bought by
Desert Sky Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1995
Sold by
Farrier James A and Farrier Marianne
Bought by
Harrison Ida Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,816
Interest Rate
7.62%
Mortgage Type
FHA
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
Mullin Sharon R $80,000 Magnus Title Agency
Pgreo Llc $30,000 Stewart Title & Trust Of Pho
Rabelo Karla -- Camelback Title Agency Llc
Roberto Karla $175,000 Camelback Title Agency Llc
Freeman Oviron $107,000 Security Title Agency
Desert Sky Acquisitions Llc $48,000 Lawyers Title Of Arizona Inc
Harrison Ida Marie $34,500 Fiesta Title & Escrow Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pgreo Llc $35,000
Previous Owner Rabelo Karla $140,000
Previous Owner Roberto Karla $35,000
Previous Owner Freeman Oviron $101,600
Previous Owner Freeman Oviron $25,400
Previous Owner Freeman Oviron Jay $112,500
Previous Owner Desert Sky Acquisitions Llc $48,000
Previous Owner Harrison Ida Marie $34,816
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2012 11/28/12 Sold $80,000 -14.0% $69 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $93,000 +210.0% $81 / Sq Ft
06/29/2012 06/29/12 Sold $30,000 -9.1% $26 / Sq Ft
01/10/2012 01/10/12 Price Changed $33,000 +10.0% $29 / Sq Ft
11/09/2011 11/09/11 Pending -- -- --
11/08/2011 11/08/11 Off Market $30,000 -- --
11/08/2011 11/08/11 For Sale $30,000 -- $26 / 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 $687 $7,859 -- --
2024 $691 $7,485 -- --
2023 $691 $25,220 $5,040 $20,180
2022 $672 $22,620 $4,520 $18,100
2021 $695 $19,280 $3,850 $15,430
2020 $685 $14,980 $2,990 $11,990
2019 $636 $11,800 $2,360 $9,440
2018 $618 $10,180 $2,030 $8,150
2017 $598 $8,170 $1,630 $6,540
2016 $613 $12,220 $2,440 $9,780
2015 $559 $8,970 $1,790 $7,180
Source: Public Records

Agents Affiliated with this Home

  • Carol A. Royse

    Seller's Agent in 2012

    Carol A. Royse

    Your Home Sold Guaranteed Realty

    (480) 776-5231

    8 in this area

    1,035 Total Sales

    Carol A. Royse
    Section Image

  • E

    Seller's Agent in 2012

    Eric R Middlebrook

    Your Home Sold Guaranteed Realty

    (480) 797-2701

    1 in this area

    187 Total Sales

    Eric R Middlebrook
    Section Image

  • J

    Buyer's Agent in 2012

    Jeffery Hanrath

    Valley Income Properties, Inc.

  • J

    Buyer's Agent in 2012

    Jeff Hanrath

    Valley Income Properties, Inc.

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4833522

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-074B

Arizona Maricopa County Gilbert 85234 Downtown Gilbert

116 E Cullumber Ave, Gilbert, AZ

This home is located at 116 E Cullumber Ave, Gilbert, AZ 85234 since 12 October 2012 and is currently estimated at $372,591, approximately $323 per square foot. This property was built in 1940. 116 E Cullumber Ave is a home located in Maricopa County with nearby schools including Burk Elementary School, Mesquite Junior High School, and Gilbert Arts Academy.

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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