NOT LISTED FOR SALE

1543 W Elliot Rd Unit 104 Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $563,301

-- Bed
-- Bath
6,006 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $200,000 $33 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $3,197/month

4 Days on Market

Highlights

  • Community Kitchen
  • Cooling Available
  • Heat Pump System
  • Islands Elementary School Rated A-
  • Ceramic Tile Flooring

About This Home

As of November 2020

This is an income property opportunity with a solid tenant in place, Edward Jones. They have just renewed another 5 year term lease this past summer which has a 3% increase each year. The current term goes through August 2025. There is one more 5 year extension option available for the tenant at the current rents.

Last Agent to Sell the Property

Rick Padelford

Realty Executives License #SA030962000 Listed on: 10/02/2020

Realty Executives

Last Buyer's Agent

Rick Padelford

Realty Executives License #SA030962000 Listed on: 10/02/2020

Realty Executives

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,712

Year Built

  • Built in 2003

Lot Details

  • 1,503 Sq Ft Lot
  • Property is zoned CC

Home Design

  • 6,006 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • Public Parking
  • 1 Covered Space
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot F104
  • Assessor Parcel Number 302-35-372-D

Community Details

Overview

  • Oasis At The Islands Professional Plaza Condominiu Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Gross Income $23,019
  • Net Operating Income $14,245

Property Details

Property Type

Other

Est. Annual Taxes

$2,712

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Elliot and McQueen
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2020
  • Directions: The Oasis at the Islands Professional Plaza is the Southeast corner of Elliot and McQueen
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: OASIS AT THE ISLANDS PROFESSIONAL PLAZA CONDOMINIU
  • Structure Type: Office
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Living Area: 6006.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Office A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 1503.0
  • Parcel #: 302-35-372-D
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 23019.0
  • Property Net Operating Income: 14245.0

Tax Info

  • Tax Annual Amount: 2712.0
  • Tax Book Number: 302.00
  • Tax Lot: F104
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2016
Sold by
Acf I Holdings Llc
Bought by
1543 W Elliot Rd Llc
Total Days on Market
4
Current Estimated Value
$563,301

Purchase Details

Closed on
Aug 21, 2012
Sold by
C & C Wood Works Llc
Bought by
I Holdings Llc

Purchase Details

Closed on
Jun 17, 2004
Sold by
Azg Southern Oasis Inc
Bought by
C & C Woodworks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,600
Interest Rate
6.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
1543 W Elliot Rd Llc $290,000 Pioneer Title Agency Inc
I Holdings Llc -- None Available
C & C Woodworks Llc $250,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner C & C Wood Works Llc $330,000
Previous Owner C & C Wood Works Llc $75,000
Previous Owner C & C Woodworks Llc $280,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $200,000 +0.5% $33 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $199,000 -- $33 / 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 $2,496 $27,678 -- --
2024 $2,585 $27,184 -- --
2023 $2,585 $48,654 $9,724 $38,930
2022 $2,588 $40,950 $8,190 $32,760
2021 $2,753 $39,078 $7,812 $31,266
2020 $2,712 $37,368 $7,470 $29,898
2019 $2,520 $35,460 $7,092 $28,368
2018 $2,450 $30,726 $6,138 $24,588
2017 $2,370 $23,940 $4,788 $19,152
2016 $2,430 $23,256 $4,644 $18,612
2015 $2,278 $19,647 $3,922 $15,725
Source: Public Records

Agents Affiliated with this Home

  • Rick Padelford

    Seller's Agent in 2020

    Rick Padelford

    Realty Executives

    (602) 690-9120

    4 in this area

    33 Total Sales

    Rick Padelford
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6141156

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-372B

Arizona Maricopa County Gilbert 85233 The Islands

1543 W Elliot Rd Unit 104, Gilbert, AZ

This home is located at 1543 W Elliot Rd Unit 104, Gilbert, AZ 85233 since 02 October 2020 and is currently estimated at $563,301, approximately $93 per square foot. This property was built in 2003. 1543 W Elliot Rd Unit 104 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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