NOT LISTED FOR SALE

1425 W Elliot Rd Unit 203 Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $613,238

-- Bed
-- Bath
2,724 Sq Ft
$225/Sq Ft Est. Value

Last Sold February 09, 2017

Last sale price $360,000 $132 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,433/month

150 Days on Market

Highlights

  • Community Kitchen
  • Elevator
  • Carpet
  • Islands Elementary School Rated A-
  • Central Air
  • Heating Available

About This Home

As of February 2017

9 Offices, Large Reception, 2 Restrooms, Kitchenette & Storage, Amazing Wrap Around Patio with Lake and Fountain Views,4 Covered Parking Spaces Free of Charge

total of 2724 SF (including load factor)
CLASS A OFFICE CONDO.

Great for medical use, or any office use.

One of the Best priced office condos around.. Great Move-in Ready Condition.

Also available for Lease @ $12.75/sf

NNN Fees:
HOA $475/month
Insurance $40/month
Taxes: $364/month

Central Gilbert Location, walk to restaurants, Minutes from Loop 101, or US60 - Ample Parking, Professional landscaping

Last Agent to Sell the Property

Ninos Lazar

Investar Real Estate Specialists License #BR534846000 Listed on: 09/12/2016

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,368

Year Built

  • Built in 2004

Lot Details

  • 2,724 Sq Ft Lot
  • Property is zoned Office

Home Design

  • 2,724 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 40 Open Parking Spaces
  • 44 Parking Spaces
  • 4 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot A203
  • Assessor Parcel Number 302-35-377

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Elevator
  • Reception Area

Additional Features

  • Oasis At The Islands Professional Plaza Condo Amd Subdivision
  • Operating Expense $10,068

Property Details

Property Type

Other

Est. Annual Taxes

$4,368

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Elliot / McQueen
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: Office
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2015
  • Directions: East on Elliot, Property is located behind the bank, the only 2 story building.
  • Lot Size Acres: 0.06
  • Subdivision Name: OASIS AT THE ISLANDS PROFESSIONAL PLAZA CONDO AMD
  • Structure Type: Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 2724.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Tile
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Private Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 44.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 40.0
  • General Property Description:Total Parking Spcs: 44.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Public Elevator(s), Conference Room, Reception Room, Kitchen, Showers - Office
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Public Elevator(s): Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes

Lot Info

  • Lot Size Sq Ft: 2724.0
  • Parcel #: 302-35-377
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 10068.0

Tax Info

  • Tax Annual Amount: 4368.0
  • Tax Book Number: 302.00
  • Tax Lot: A203
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2018
Sold by
Siasam Llc
Bought by
Kids Cdt
Total Days on Market
150
Current Estimated Value
$613,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 31, 2015
Sold by
Tres Angelitas Llc
Bought by
Siasam Llc

Purchase Details

Closed on
Dec 29, 2004
Sold by
Azg Southern Oasis Inc
Bought by
Tres Angelitas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,653
Interest Rate
5.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Kids Cdt $370,000 First Arizona Title Agency L
Kids Cdt $370,000 First Arizona Title Agency
Siasam Llc $238,000 Security Title Agency
Tres Angelitas Llc -- Chicago Title Insurance Co
Tres Angelitas Llc $396,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kids Cdt $376,000
Closed Kids Cdt $300,000
Previous Owner Tres Angelitas Llc $254,000
Previous Owner Tres Angelitas Llc $551,653
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2017 02/09/17 Sold $360,000 -9.8% $132 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $399,000 -- $146 / 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 -- $49,694 -- --
2024 -- $47,328 -- --
2023 $0 $77,250 $15,450 $61,800
2022 $0 $73,080 $12,150 $60,930
2021 $0 $57,915 $11,580 $46,335
2020 $0 $54,990 $10,995 $43,995
2019 $0 $62,208 $12,438 $49,770
2018 $4,693 $53,676 $10,728 $42,948
2017 $4,539 $44,190 $8,838 $35,352
2016 $4,654 $38,916 $7,776 $31,140
2015 $4,362 $41,922 $8,381 $33,541
Source: Public Records

Agents Affiliated with this Home

  • Ninos Lazar

    Seller's Agent in 2017

    Ninos Lazar

    Investar Real Estate Specialists

    (877) 717-5050

    24 Total Sales

    Ninos Lazar
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496316

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-377

Arizona Maricopa County Gilbert 85233 The Islands

1425 W Elliot Rd Unit 203, Gilbert, AZ

This home is located at 1425 W Elliot Rd Unit 203, Gilbert, AZ 85233 since 12 September 2016 and is currently estimated at $613,238, approximately $225 per square foot. This property was built in 2004. 1425 W Elliot Rd Unit 203 is a home located in Maricopa County with nearby schools including Islands Elementary School, Mesquite High School, and Mesquite Junior High School.

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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