NOT LISTED FOR SALE

139 N Elm St Gilbert, AZ 85234

Downtown Gilbert Neighborhood

Estimated Value: $560,000 - $623,203

-- Bed
-- Bath
1,440 Sq Ft
$412/Sq Ft Est. Value

Last Sold December 31, 2012

Last sale price $202,000 $140 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $3,260/month

16 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • 5-minute walk to Water Tower Plaza
  • Burk Elementary School Rated A-
  • Heating Available

About This Home

As of December 2012

RARE GILBERT 4PLEX 100% OCCUPIED ALL 2 BED 1 BATH, ONE STORY BLOCK CONSTRUCTION PITCHED ROOF. GREAT AREA IN DOWNTOWN GILBERT ALWAYS RENTED LOCATED IN RESIDENTIAL NEIGHBORHOOD. CLOSE TO SHOPPING, RESTAURANTS, ENTERTAINMENT.

Last Agent to Sell the Property

Justin Bland

Better Homes & Gardens Real Estate SJ Fowler License #SA529935000 Listed on: 11/21/2012

Last Buyer's Agent

Will Fry

Arizona Realty Shop License #BR522422000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $999

Year Built

  • Built in 1960

Lot Details

  • 8,973

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 304-11-010

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are .21 ACRES

Building Details

  • Operating Expense $8,998
  • Gross Income $28,044
  • Net Operating Income $21,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$999

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Year Built: 1960
  • Tax Year: 2012
  • Directions: GILBERT/ELLIOT NORTH ON ELLIOT TO CULLUMBER AVE RIGHT, TO ELM SOUTH TO PROPERTY.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size: .21 ACRES
  • Additional Parcels: No
  • Parcel #: 304-11-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 28044.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21044.0
  • Annual Operating Expense: 8998.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 999.0
  • Tax Book Number: 304.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2013
Sold by
Tierney William
Bought by
139 Elm Llc
Total Days on Market
16
Current Estimated Value
$593,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2012
Closed on
Dec 3, 2012
Sold by
Flashlight Investments Llc
Bought by
Tierney William
Seller's Agent
Justin Bland
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Will Fry
Arizona Realty Shop
List Price
$205,000
Sold Price
$202,000
Premium/Discount to List
-$3,000
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Oct 5, 2010
Sold by
Suryam Llc
Bought by
Flashlight Investments Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Torres Raymundo Payan
Bought by
Suryam Llc

Purchase Details

Closed on
May 8, 2001
Sold by
Overland Building Corp
Bought by
Torres Raymundo Payan

Purchase Details

Closed on
Apr 30, 2001
Sold by
Rivas Martha Oliva
Bought by
Payan Raymundo

Purchase Details

Closed on
Dec 18, 2000
Sold by
Boyle James H and Boyle Barbara A
Bought by
Overland Building Corp
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
139 Elm Llc -- None Available
Tierney William $202,000 First American Title Ins Co
Flashlight Investments Llc $86,000 Lawyers Title Of Arizona Inc
Suryam Llc $86,000 Lawyers Title Of Arizona Inc
Torres Raymundo Payan $185,000 Security Title Agency
Payan Raymundo -- Security Title Agency
Overland Building Corp $65,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tierney Ii William J $133,000
Previous Owner Torres Raymundo Payan $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2012 12/31/12 Sold $202,000 -1.5% $140 / Sq Ft
12/01/2012 12/01/12 Pending -- -- --
11/15/2012 11/15/12 For Sale $205,000 -- $142 / 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 $1,342 $15,352 -- --
2024 $1,349 $14,621 -- --
2023 $1,349 $52,680 $10,530 $42,150
2022 $1,312 $46,310 $9,260 $37,050
2021 $1,357 $39,300 $7,860 $31,440
2020 $1,337 $31,980 $6,390 $25,590
2019 $1,242 $25,800 $5,160 $20,640
2018 $1,208 $22,080 $4,410 $17,670
2017 $1,169 $17,260 $3,450 $13,810
2016 $1,198 $15,920 $3,180 $12,740
2015 $1,093 $12,370 $2,470 $9,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Justin Bland

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • W

    Buyer's Agent in 2012

    Will Fry

    Arizona Realty Shop

    (480) 686-3336

    5 Total Sales

    Will Fry
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4853316

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-010

Arizona Maricopa County Gilbert 85234 Downtown Gilbert

139 N Elm St, Gilbert, AZ

This home is located at 139 N Elm St, Gilbert, AZ 85234 since 21 November 2012 and is currently estimated at $593,068, approximately $411 per square foot. This property was built in 1960. 139 N Elm St 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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