NOT LISTED FOR SALE

1534 E Ray Rd Unit 101 Gilbert, AZ 85296

East Gilbert Neighborhood

Estimated Value: $6,597,822

Studio
-- Bath
24,209 Sq Ft
$273/Sq Ft Est. Value

Last Sold May 22, 2012

Last sale price $3,000 $0 Per Sq Ft

Est. 219,827% increase in value since last sale

Current estimated payment $37,559/month

207 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Mesquite Elementary School Rated A-

About This Home

As of May 2012

Former 3,124 square foot full service restaurant available.

Last Agent to Sell the Property

Patricia Wodrich

Preserve Property Management LLC License #SA539797000 Listed on: 10/28/2011

Co-Listed By

Alana Holley

Preserve Property Management LLC License #BR580936000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2002

Lot Details

  • Property is zoned c2

Home Design

  • Stucco

Interior Spaces

  • 24,209 Sq Ft Home
  • Concrete Flooring

Parking

  • 65 Open Parking Spaces
  • 65 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Western Skies Shopping Center Subdivision

Listing and Financial Details

  • Property Available on 10/28/11
  • The owner pays for management, taxes, exterior maintenance, common area maintenance, fire insurance, bldg liability ins, water
  • Tax Lot 4
  • Assessor Parcel Number 304-25-915

Property Details

Property Type

Other

Year Built

Built in 2002

Lot Details

2.95 Acres

Listing Details

  • Cross Street: Ray Road and Val Vista Drive
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: c2
  • Lease Info Annual C A M Sq Ft: 4.58
  • Lease Info Annual Lease Price: 49984.0
  • Lease Info Annual Lse Prc P S F: 16.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3
  • Lease Info Space Divisible: Yes
  • Year Built: 2002
  • Tax Year: 2012
  • Co List Office Mls Id: ppml001
  • Co List Office Phone: 480-361-2706
  • Subdivision Name: Western Skies Shopping Center
  • Structure Type: Commercial
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 24209.0

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Rolled/Hot Mop
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 65.0
  • Total Parking Spaces: 65.0
  • General Property Description:Uncvrd Parking Spcs: 65.0
  • General Property Description:Total Parking Spcs: 65.0
  • Parking Features Free2: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 304-25-915

Rental Info

  • Available Date: 2011-10-28

Multi Family

  • Owner Pays: Management, Taxes, Exterior Maintenance, Common Area Maintenance, Fire Insurance, Bldg Liability Ins, Water
  • Existing Lease Type: NNN
  • Leasable Area: 3124.0

Tax Info

  • Tax Annual Amount: 1993153.0
  • Tax Book Number: 304.00
  • Tax Lot: 4
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2021
Sold by
Jumping Cholla I Llc
Bought by
Metallinos Jack and Jack Metallinos Revocable Trus
Current Estimated Value
$6,597,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,801
Outstanding Balance
$804,847
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$5,792,975

Purchase Details

Closed on
Jan 14, 2015
Sold by
Wsv Gilbert Llc
Bought by
Jumping Cholla I Llc

Purchase Details

Closed on
Mar 8, 2011
Sold by
Wsvcmb Holdings Llc
Bought by
Wsv Gilbert Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,262,625
Interest Rate
5.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2007
Sold by
Wsvcdg Holdings Llc
Bought by
Western Skies Investments Llc

Purchase Details

Closed on
Feb 8, 2005
Sold by
Goldberg David and Golberg Susan
Bought by
Wsvcdg Holdings Llc and Wsvcsg Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,040,000
Interest Rate
5.81%
Mortgage Type
Commercial
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
Metallinos Jack $6,100,000 Landmark Ttl Assurance Agcy
Jumping Cholla I Llc $4,200,000 Grand Canyon Title Agency In
Wsv Gilbert Llc $3,500,000 First American Title
Western Skies Investments Llc $7,700,000 Chicago Title Insurance Comp
Wsvcdg Holdings Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Metallinos Jack $883,801
Previous Owner Wsv Gilbert Llc $1,262,625
Previous Owner Wsvcdg Holdings Llc $5,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2012 05/22/12 Sold $3,000 -28.0% $0 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
10/28/2011 10/28/11 For Sale $4,165 -- $0 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $38,758 $426,874 -- --
2024 $39,867 $419,251 -- --
2023 $39,867 $612,935 $235,722 $377,213
2022 $39,912 $598,675 $252,910 $345,765
2021 $42,460 $615,474 $260,136 $355,338
2020 $41,833 $594,252 $234,432 $359,820
2019 $38,863 $553,248 $207,720 $345,528
2018 $37,793 $493,326 $153,864 $339,462
2017 $36,555 $399,582 $123,822 $275,760
2016 $37,479 $380,898 $130,338 $250,560
2015 $35,126 $307,415 $115,866 $191,549
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Patricia Wodrich

    Preserve Property Management LLC

  • Alana Holley

    Seller Co-Listing Agent in 2012

    Alana Holley

    Preserve Property Management LLC

    (480) 361-2706

    3 Total Sales

    Alana Holley
    Section Image

  • N

    Buyer's Agent in 2012

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4668243

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-25-915

Arizona Maricopa County Gilbert 85296 East Gilbert

1534 E Ray Rd Unit 101, Gilbert, AZ

Not Listed for Sale

Other

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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