NOT LISTED FOR SALE

1534 E Ray Rd Unit 101 Gilbert, AZ 85296

East Gilbert Neighborhood

Estimated Value: $6,610,988

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

Sale Details

Date Sold: May 22, 2012

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

Est. 220,266% increase in value since last sale

Current estimated payment $39,636 / mo

207 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2021
Sold by
Bought by
Current Estimated Value
$6,610,988

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
$789,266
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$5,821,722

Purchase Details

Closed on
Jan 14, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2011
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Feb 8, 2005
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Gilbert, AZ

  • Ryan Hatcher Real Estate Agent - Keller Williams Integrity First Realty

    Ryan Hatcher

    Keller Williams Integrity First Realty

    (660) 696-3469

    86 Total Sales

    1 in East Gilbert

    $445,000 Price

    Ryan Hatcher
     Section Image
  • David Harvey Real Estate Agent - Real Broker

    David Harvey

    Real Broker

    (844) 727-0084

    107 Total Sales

    1 in East Gilbert

    $430,000 Price

    David Harvey
     Section Image
  • R. Chris Reece Real Estate Agent - Good Oak Real Estate

    R. Chris Reece

    Good Oak Real Estate

    (623) 663-4503

    127 Total Sales

    1 in East Gilbert

    $685,000 Price

    R. Chris Reece
     Section Image
  • Allen Studebaker Real Estate Agent - Compass

    Allen Studebaker

    Compass

    (602) 560-6185

    148 Total Sales

    2 in East Gilbert

    $433K - $622K Price Range

    Allen Studebaker
     Section Image
  • Kim Panozzo Real Estate Agent - HomeSmart

    Kim Panozzo

    HomeSmart

    (623) 888-8019

    878 Total Sales

    2 in East Gilbert

    $369K - $543K Price Range

    Kim Panozzo
     Section Image
  • Bryce Henderson Real Estate Agent - Equity Arizona Real Estate

    Bryce Henderson

    Equity Arizona Real Estate

    (833) 963-2977

    135 Total Sales

    2 in East Gilbert

    $425K - $672K Price Range

    Bryce Henderson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,100,000 Landmark Ttl Assurance Agcy
$4,200,000 Grand Canyon Title Agency In
$3,500,000 First American Title
$7,700,000 Chicago Title Insurance Comp
-- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $883,801
Previous Owner --
Previous Owner $1,425,000
Previous Owner $1,262,625
Previous Owner $3,100,000
Previous Owner $5,040,000
Previous Owner $650,000
Previous Owner $4,000,000
Previous Owner $4,200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • A

    Seller Co-Listing Agent in 2012

    Alana Holley

    Preserve Property Management LLC

    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

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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