NOT LISTED FOR SALE

1534 E Ray Rd Unit 116 Gilbert, AZ 85296

East Gilbert Neighborhood

Estimated Value: $6,534,576

Studio
-- Bath
1,380 Sq Ft
$4,735/Sq Ft Est. Value

About This Home

This home is located at 1534 E Ray Rd Unit 116, Gilbert, AZ 85296 and is currently estimated at $6,534,576, approximately $4,735 per square foot. 1534 E Ray Rd Unit 116 is a home located in Maricopa County with nearby schools including Mesquite Elementary School, South Valley Jr. High School, and Campo Verde High School.

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
$6,534,576

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
$5,729,729

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

Range of Values:

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

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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

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 $1,262,625
Previous Owner $5,040,000
Source: Public Records

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

Map

Arizona Maricopa County Gilbert 85296 East Gilbert

1534 E Ray Rd Unit 116, 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.

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