NOT LISTED FOR SALE

1534 E Ray Rd Gilbert, AZ 85296

East Gilbert Neighborhood

Estimated Value: $6,711,219

-- Bed
-- Bath
24,209 Sq Ft
$277/Sq Ft Est. Value

Last Sold January 19, 2015

Last sale price $4,200,000 $173 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $38,825/month

146 Days on Market

Highlights

  • 2.95 Acre Lot
  • Concrete Flooring
  • Heat Pump System
  • Mesquite Elementary School Rated A-

About This Home

As of January 2015

Great neighboorhood retail property at 94% occupancy. Good tenant mix with long term tenants and leases.

Last Agent to Sell the Property

Alana Holley

Preserve Property Management LLC License #BR580936000 Listed on: 05/23/2014

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $40,087

Year Built

  • Built in 2002

Lot Details

  • 2.95 Acre Lot
  • Block Wall Fence
  • Property is zoned NC

Home Design

  • Block Exterior

Interior Spaces

  • 24,209 Sq Ft Home
  • Concrete Flooring

Parking

  • 96 Open Parking Spaces
  • 96 Parking Spaces

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 304-25-915

Property Details

Property Type

Other

Est. Annual Taxes

$40,087

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: Ray Road & Val Vista Drive
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: NC
  • Current Use: Mixed Use, Retail, Religious Facility, Restaurant, Medical/Dental
  • Number Of Buildings: 1
  • Year Built: 2002
  • Tax Year: 2013
  • Directions: Loop 202 San Tan Freeway East, exit Val Vista Dr, Head North on Val Vista and turn West on Ray Rd. Turn into the property at either one of the 2 access drives either by Discount Tire or Dunn Edwards.
  • Lot Size Acres: 2.95
  • Road Surface Type: Asphalt
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 96.0
  • Total Parking Spaces: 96.0
  • General Property Description:Uncvrd Parking Spcs: 96.0
  • General Property Description:Total Parking Spcs: 96.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 128287.0
  • Additional Parcels: No
  • Parcel #: 304-25-915
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 40086.62
  • 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
$6,711,219

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
$813,353
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$5,848,615

Purchase Details

Listed on
May 23, 2014
Closed on
Jan 14, 2015
Sold by
Wsv Gilbert Llc
Bought by
Jumping Cholla I Llc
Seller's Agent
Alana Holley
Preserve Property Management LLC
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$5,023,500
Sold Price
$4,200,000
Premium/Discount to List
-$823,500
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%

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:

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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
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 Jumping Cholla I Llc $0
Previous Owner Wsv Gilbert Llc $1,425,000
Previous Owner Wsv Gilbert Llc $1,262,625
Previous Owner Goldberg David $3,100,000
Previous Owner Wsvcdg Holdings Llc $5,040,000
Previous Owner Zall Stuart F $4,000,000
Previous Owner Zall Stuart F $650,000
Previous Owner Western Skies Village Ctr Partners Llc $4,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2015 01/19/15 Sold $4,200,000 -16.4% $173 / Sq Ft
10/16/2014 10/16/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $5,023,500 -- $208 / 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 $38,495 $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

  • Alana Holley

    Seller's Agent in 2015

    Alana Holley

    Preserve Property Management LLC

    (480) 361-2706

    3 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5120343

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-25-915

Arizona Maricopa County Gilbert 85296 East Gilbert

1534 E Ray Rd, Gilbert, AZ

This home is located at 1534 E Ray Rd, Gilbert, AZ 85296 since 23 May 2014 and is currently estimated at $6,711,219, approximately $277 per square foot. This property was built in 2002. 1534 E Ray Rd is a home located in Maricopa County with nearby schools including Mesquite Elementary School, South Valley Jr. High School, and Campo Verde 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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