$153,000
SOLD AUG 22, 2025
0.07 Acre
$2,185,714 Price per Acre
3,250 Sq Ft Lot

Recently Sold

18% Below List Price

59 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • 1-minute walk to Veterans Park
  • Gilbert Elementary School Rated A-
  • Level Lot

About This Lot

As of August 2025

A residential lot in the thriving downtown Gilbert Heritage District, virtually in the shadow of the water tower, is up for grabs. Steps from parks, theatre, and an abundance of restaurants from the most trendy to local favorites. Stellar opportunity for residential investors to buy and hold or redevelop immediately. Put your stamp on this lot in a truly idyllic neighborhood that has it all look no further. The walkability, historical surroundings, and the Gilbert School District make this single-family residential parcel hard to pass up. Ready for construction. Utilities and sewer to the property, close to freeways and great schools. Perfect for a cozy urban lifestyle. Seller doesn't have building plans to share, see private remarks.

Last Agent to Sell the Property

Hani Aldulaimi

Keller Williams Realty East Valley License #BR533683000 Listed on: 05/16/2025

Keller Williams Realty East Valley

Last Buyer's Agent

Karim Mardambek

Keller Williams Integrity First License #SA697132000

Keller Williams Integrity First

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $229

Lot Details

  • 3,250 Sq Ft Lot
  • Chain Link Fence
  • Level Lot
  • Property is zoned SF-6

Location

  • The property is located in a historic district

Schools

  • Gilbert Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Community Details

  • No Home Owners Association
  • Lacy Tract Blk 9 Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 302-18-001

Property Details

Property Type

Land

Est. Annual Taxes

$229

Lot Details

0

Listing Details

  • Cross Street: N Ash Street & W Park Ave
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: See Remarks
  • Topography: Level
  • Zoning: SF-6
  • Tax Year: 2024
  • Directions: From Gilbert Road take Park Ave west to Ash Street and turn south. Lot is second from corner of Park and Ash.
  • Horses: No
  • Lot Size Acres: 0.07
  • Road Surface Type: Asphalt
  • Subdivision Name: LACY TRACT BLK 9
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Historic District
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Gilbert Elementary School
  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Lot Size: 65 feet wide 50 feet deep
  • Lot Size Sq Ft: 3250.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 302-18-001

Tax Info

  • Tax Annual Amount: 229.0
  • Tax Book Number: 302.00
  • Tax Lot: 1
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Aug 21, 2025
Sold by
Ivs Enterprises Llc
Bought by
Km Builds Llc
Seller's Agent
Hani Aldulaimi
Keller Williams Realty East Valley
Buyer's Agent
Karim Mardambek
Keller Williams Integrity First
List Price
$185,900
Sold Price
$153,000
Premium/Discount to List
-$32,900
-17.7%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8747.36%

Purchase Details

Closed on
Mar 8, 2007
Sold by
Jls Fund Llc
Bought by
Ivs Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2007
Sold by
Dominguez Helen
Bought by
Jls Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $153,000 Title Alliance Of Arizona
Warranty Deed $57,000 First American Title Ins Co
Cash Sale Deed $45,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $153,000 -17.7% --
07/14/2025 07/14/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $185,900 0.0% --
03/11/2025 03/11/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $185,900 -- --
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 $229 $2,617 -- --
2024 $230 $2,492 -- --
2023 $230 $19,050 $3,810 $15,240
2022 $224 $9,450 $1,890 $7,560
2021 $231 $6,380 $1,270 $5,110
2020 $228 $5,630 $1,120 $4,510
2019 $212 $4,170 $830 $3,340
2018 $206 $2,520 $500 $2,020
2017 $199 $2,980 $590 $2,390
2016 $204 $2,770 $550 $2,220
2015 $186 $2,580 $510 $2,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6823443

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-18-001