$1,050
SOLD JUN 2, 2023

1324 N Farrell Ct Unit 109 Gilbert, AZ 85233

Northwest Gilbert Neighborhood
-- Bed
-- Bath
3,952 Sq Ft
1,975 Sq Ft Lot

Recently Sold

$0 Per Sq Ft

About This Home

As of June 2023

Beautiful, newer build, private office suite and warehouse for lease !!! The office space was just finished in 2019! Immediate move in available!! Easy, flexible month-to-month lease terms (no long term contracts or commitments!!!) Amenities include data/internet & all utilities included, free access and use of large conference room kitchen/break room with full oven/range, microwave, refrigerator, ice maker, filtered RO water & sink! Beautiful finishes: 8' glass doors with 2' side lite and transom glass above, decorative wood plank wall, vinyl floor! Tall & spacious 14' ft wood plank floating common area ceilings with 10' office ceilings! Call to set up a tour!

Last Agent to Sell the Property

Rhonda Mcfarlin

Rosenbaum Realty Group License #BR046206000 Listed on: 05/31/2023

Last Buyer's Agent

David Olmstead

Keller Williams Arizona Realty License #SA692882000

Keller Williams Arizona Realty

Property Details

Property Type

  • Other

Year Built

  • Built in 2007

Lot Details

  • 1,975 Sq Ft Lot
  • Property is zoned Light Industria

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 1 Parking Space
  • 1 Covered Space

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Community Details

  • Farrell Business Park Condominium Subdivision

Listing and Financial Details

  • Property Available on 6/1/23
  • Tax Lot 109
  • Assessor Parcel Number 302-12-671

Property Details

Property Type

Other

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Horne/Baseline
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: Light Industria
  • Current Use: Mixed Use, Office, Warehouse
  • Lease Info Annual Lease Price: 8400.0
  • Lease Info Annual Lse Prc P S F: 84.0
  • Lease Info Base Rent Escalation: No
  • Lease Info Lease Year Min Max: 0
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 100
  • Year Built: 2007
  • Tax Year: 2022
  • Directions: South on Horne from Baseline. Right (West) on Gary Ave & then follow around to Farrell Ct #109!
  • Lot Size Acres: 0.05
  • Subdivision Name: FARRELL BUSINESS PARK CONDOMINIUM
  • Structure Type: Commercial, Industrial, Office
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:None30: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: Master Meter
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 1975.0
  • Additional Parcels: No
  • Parcel #: 302-12-671
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-06-01

Multi Family

  • Leasable Area: 100.0

Tax Info

  • Tax Annual Amount: 2009.0
  • Tax Book Number: 302.00
  • Tax Lot: 109
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2015
Closed on
Aug 21, 2017
Sold by
Tamarisk Properties Llc
Bought by
Lnb Holdings Llc
Seller's Agent
Nancy Kallas
Treasured Real Estate, LLC
Buyer's Agent
Daniel Rosenbaum
Rosenbaum Realty Group
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Total Days on Market
0

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$331,738
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 28, 2012
Closed on
May 7, 2013
Sold by
Klein R Wayne
Bought by
Tamarisk Properties Llc
Seller's Agent
Nancy Kallas
Treasured Real Estate, LLC
Buyer's Agent
Nancy Kallas
Treasured Real Estate, LLC
List Price
$91,215
Sold Price
$1,096,261
Premium/Discount to List
$1,005,046
1101.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.31%
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 $320,000 Great American Title Agency
Cash Sale Deed $240,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $700 -3.4% $0 / Sq Ft
05/02/2025 05/02/25 Price Changed $725 -9.4% $0 / Sq Ft
04/09/2025 04/09/25 For Sale $800 -23.8% $0 / Sq Ft
06/02/2023 06/02/23 Sold $1,050 0.0% $0 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $1,050 +50.2% $0 / Sq Ft
05/12/2023 05/12/23 Sold $699 0.0% $0 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $699 0.0% $0 / Sq Ft
03/23/2023 03/23/23 Off Market $699 -- --
02/21/2023 02/21/23 Price Changed $699 +16.5% $0 / Sq Ft
07/22/2022 07/22/22 For Sale $600 +20.2% $0 / Sq Ft
05/25/2021 05/25/21 Sold $499 0.0% $0 / Sq Ft
05/28/2020 05/28/20 Price Changed $499 -16.7% $0 / Sq Ft
01/17/2020 01/17/20 Price Changed $599 -14.4% $0 / Sq Ft
02/21/2019 02/21/19 For Sale $700 -99.8% $0 / Sq Ft
08/31/2017 08/31/17 Sold $320,000 -8.6% $81 / Sq Ft
11/09/2015 11/09/15 For Sale $350,000 -68.1% $89 / Sq Ft
06/14/2013 06/14/13 Sold $1,096,261 +1101.8% $46 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
11/27/2012 11/27/12 For Sale $91,215 -- $4 / 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 $1,953 $21,137 -- --
2024 $2,011 $20,759 -- --
2023 $2,011 $29,325 $5,865 $23,460
2022 $2,009 $26,828 $5,355 $21,473
2021 $2,154 $27,576 $5,508 $22,068
2020 $2,116 $28,026 $5,598 $22,428
2019 $1,969 $23,976 $4,788 $19,188
2018 $1,919 $22,626 $4,518 $18,108
2017 $1,860 $19,926 $3,978 $15,948
2016 $1,912 $17,028 $3,402 $13,626
2015 $1,791 $15,004 $2,997 $12,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6562803

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-12-671