NOT LISTED FOR SALE

12450 S Power Rd Gilbert, AZ 85295

Morrison Ranch Neighborhood

Estimated Value: $707,000

1.94 Acres
$364,433 Price per Acre
84,506 Sq Ft Lot

Last Sold May 27, 2019

Last sale price $650,000

Est. 9% increase in value since last sale

Current estimated payment $4,025/month

172 Days on Market

Highlights

  • 1.94 Acre Lot
  • No HOA
  • Level Lot
  • Gateway Pointe Elementary School Rated A-

About This Lot

As of May 2019

Great location less than 1/2 mile north of 202 San Tan Freeway, just north of American Furniture Warehouse and adjacent to Legacy Inn & Suites hotel. Priced below one-acre parcel (304-29-048) just sold west of property. Has many uses and is approved by Town of Gilbert for RV storage facility. Buyer is not obligated to this use. Numerous other uses possible. Ranch Road to be south border with access from Power Road and there is also ingress/egress easement on west boundary with access to Warner Road. Town of Gilbert utilities at adjacent property.

Last Agent to Sell the Property

Joe Brekan

Realty Executives Arizona Territory License #BR021694000 Listed on: 11/09/2018

Realty Executives Arizona Territory

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,423

Lot Details

  • 1.94 Acre Lot
  • Block Wall Fence
  • Level Lot
  • Additional Parcels
  • Property is zoned RC

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot '-'
  • Assessor Parcel Number 304-29-014-L

Property Details

Property Type

Land

Est. Annual Taxes

$5,423

Lot Details

0

Listing Details

  • Cross Street: Power Rd and Warner Rd
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: Raw Land, Plans Available, Plans Included, Prelim Eng Included
  • Topography: Level
  • Zoning: RC
  • Tax Year: 2018
  • Horses: No
  • Lot Size Acres: 1.94
  • Road Surface Type: Gravel, Dirt
  • Tax Parcel Letter: L
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Other, See Remarks, Retail, Commercial, Industrial, Mobile/Mgf Hme/RV's, Hotel/Motel

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Alba, Development Pln Aval
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 305 X 277
  • Lot Size Sq Ft: 84502.0
  • Additional Parcels: Yes
  • Parcel #: 304-29-014-L

Tax Info

  • Tax Annual Amount: 5423.0
  • Tax Book Number: 304.00
  • Tax Lot: '-'
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2021
Sold by
Houseopoly Llc
Bought by
Furniture Station and Holy Land Corporation Inc
Current Estimated Value
$707,000

Purchase Details

Closed on
May 6, 2021
Sold by
Fidelity Nat'L Title Agcy Inc
Bought by
Houseopoly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.1%

Purchase Details

Listed on
Nov 9, 2018
Closed on
May 20, 2019
Sold by
Freeman C R and Power And Warner Land Llc
Bought by
Broad Land Park Llc
Seller's Agent
Joe Brekan
Realty Executives Arizona Territory
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$650,000
Sold Price
$650,000

Purchase Details

Closed on
Sep 15, 2011
Sold by
Power & Warner Land Llc
Bought by
Jpel Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,903
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2006
Sold by
Brekan Joseph
Bought by
Power & Warner Land Llc

Purchase Details

Closed on
Jun 1, 2004
Sold by
Brekan Joseph J and Brekan Freeman C
Bought by
Jpel Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Furniture Station $600,000 First Arizona Title
Houseopoly Llc $389,000 Fidelity National Title
Broad Land Park Llc $650,000 Roc Title Agency Llc
Jpel Properties Llc -- Great American Title Agency
Power & Warner Land Llc -- None Available
Power Ranch & Warner Land Llc -- None Available
Jpel Properties Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Houseopoly Llc $325,000
Previous Owner Jpel Properties Llc $622,903
Closed Broad Land Park Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2019 05/27/19 Sold $650,000 -6.5% --
04/30/2019 04/30/19 Pending -- -- --
04/23/2019 04/23/19 Price Changed $695,000 +15.8% --
01/17/2019 01/17/19 Price Changed $600,000 -7.7% --
11/09/2018 11/09/18 For Sale $650,000 -- --
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 $3,720 $37,886 $37,886 --
2024 $3,903 $36,082 $36,082 --
2023 $3,903 $98,460 $98,460 $0
2022 $5,290 $71,978 $71,085 $893
2021 $5,437 $79,650 $78,750 $900
2020 $5,503 $78,174 $77,292 $882
2019 $5,350 $56,808 $55,206 $1,602
2018 $5,157 $43,992 $42,372 $1,620
2017 $4,989 $39,960 $39,240 $720
2016 $5,030 $37,170 $36,468 $702
2015 $4,532 $36,001 $35,409 $592
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joe Brekan

    Realty Executives

    (602) 330-5785

    1 in this area

    24 Total Sales

    Joe Brekan
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5844882

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-29-014L

Arizona Maricopa County Gilbert 85295 Morrison Ranch

12450 S Power Rd, Gilbert, AZ

Not Listed for Sale

Lots

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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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