NOT LISTED FOR SALE

131 E Olive Ave Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $341,000 - $437,000

3 Beds
2 Baths
1,154 Sq Ft
$344/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $151,000 $131 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $2,158/month

6 Days on Market

Highlights

  • RV Gated
  • No HOA
  • Tile Flooring
  • Burk Elementary School Rated A-
  • Eat-In Kitchen
  • Grass Covered Lot

About This Home

As of January 2016

THIS IS NOW A PRE-APPROVED SHORT SALE - Investors welcome! Great location near Gilbert's Heritage District. Property features large semi-corner lot with NO HOA, and RV gate with ample parking.
Inside has 3 bedrooms and 2 baths. Great price for a flip or DIY project.

Last Agent to Sell the Property

Ron Hollingsworth

West USA Realty License #SA635756000 Listed on: 09/24/2015

West USA Realty

Last Buyer's Agent

Mark Lester

ARRT of Real Estate License #BR535396000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $731

Year Built

  • Built in 1982

Lot Details

  • 7,135 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence
  • Grass Covered Lot

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,154 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 2 Carport Spaces
  • RV Gated

Schools

  • Burk Elementary School
  • Gilbert Junior High School
  • Gilbert High School

Utilities

  • Refrigerated Cooling System
  • Heating Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Village 6 Lot 260 301 Subdivision

Listing and Financial Details

  • Tax Lot 272
  • Assessor Parcel Number 304-12-336

Home Details

Home Type

Single Family

Est. Annual Taxes

$731

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: N Gilbert Rd & E Juniper Ave
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1982
  • Tax Year: 2015
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: VILLAGE 6 LOT 260-301
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 130.85
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1154.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features Pantry: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Back, Grass Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Frame - Wood
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV Gate, RV Access/Parking
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Parking Features:RV Gate: Yes
  • Parking Features:RV Parking: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7135.0
  • Parcel #: 304-12-336
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNKOWN

Tax Info

  • Tax Annual Amount: 730.8
  • Tax Book Number: 304.00
  • Tax Lot: 272
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2015
Closed on
Dec 31, 2015
Sold by
Fletchall Jeremy
Bought by
Rhomberg Bruce A and Rhomberg Connie A
Seller's Agent
Ron Hollingsworth
West USA Realty
Buyer's Agent
Mark Lester
ARRT of Real Estate
List Price
$151,000
Sold Price
$151,000
Current Estimated Value
$397,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,233
Avg. Annual Appreciation
10.20%
Original Mortgage
$148,265
Outstanding Balance
$117,686
Interest Rate
3.9%
Mortgage Type
FHA
Estimated Equity
$279,547

Purchase Details

Closed on
Nov 15, 2000
Sold by
Yarbrough Gary Allan and Yarbrogh Gary Allan
Bought by
Fletchall Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,794
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rhomberg Bruce A $151,000 Driggs Title Agency Inc
Fletchall Jeremy $109,000 Land Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhomberg Bruce A $148,265
Previous Owner Fletchall Jeremy $108,794
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $151,000 0.0% $131 / Sq Ft
11/03/2015 11/03/15 For Sale $151,000 0.0% $131 / Sq Ft
11/03/2015 11/03/15 Price Changed $151,000 +16.2% $131 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
09/30/2015 09/30/15 For Sale $129,900 -14.0% $113 / Sq Ft
09/26/2015 09/26/15 Off Market $151,000 -- --
09/24/2015 09/24/15 For Sale $129,900 -- $113 / 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 $922 $12,267 -- --
2024 $894 $11,683 -- --
2023 $894 $27,700 $5,540 $22,160
2022 $867 $20,900 $4,180 $16,720
2021 $916 $20,170 $4,030 $16,140
2020 $902 $17,680 $3,530 $14,150
2019 $829 $15,470 $3,090 $12,380
2018 $803 $13,420 $2,680 $10,740
2017 $775 $11,810 $2,360 $9,450
2016 $802 $11,260 $2,250 $9,010
2015 $731 $10,030 $2,000 $8,030
Source: Public Records

Agents Affiliated with this Home

  • Ron Hollingsworth

    Seller's Agent in 2016

    Ron Hollingsworth

    West USA Realty

    (480) 766-8873

    19 Total Sales

    Ron Hollingsworth
    Section Image
  • Mark Lester

    Buyer's Agent in 2016

    Mark Lester

    ARRT of Real Estate

    (480) 201-3680

    12 Total Sales

    Mark Lester
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5339877

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-12-336

Arizona Maricopa County Gilbert 85234 Heritage District

131 E Olive Ave, Gilbert, AZ

Not Listed for Sale

Detached

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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