NOT LISTED FOR SALE

1759 E Melrose St Gilbert, AZ 85297

South Gilbert Neighborhood

Estimated Value: $733,000

0.96 Acre
$763,542 Price per Acre
41,818 Sq Ft Lot

Last Sold November 28, 2018

Last sale price $550,000

Est. 33% increase in value since last sale

Current estimated payment $5,577/month

116 Days on Market

Highlights

  • Horses Allowed On Property
  • 0.96 Acre Lot
  • No HOA
  • Quartz Hill Elementary School Rated A

About This Lot

As of November 2018

GREAT COMMERCIAL/LAND/HORSE OPPORTUNITY AT THE MERCY GILBERT CORRIDOR. CONVENIENTLY LOCATED AT THE CROSS ROADS OF GERMANN AND VAL VISTA. SURROUNDING ACREAGE IS ALSO AVAILABLE FOR PURCHASE. EXCELLENT OPPORTUNITY IN A GROWING LOCATION NEAR FREEWAY ACCESS. HOME SITUATED ON PROPERTY IN GOOD CONDITION; INCOME OPPORTUNITY WHILE PERMITTING IS BEING DONE. DON'T MISS OUT.

Last Agent to Sell the Property

Jesse Herfel

My Home Group Real Estate License #SA513830000 Listed on: 04/27/2018

My Home Group Real Estate

Last Buyer's Agent

Jesse Herfel

Keller Williams Integrity First License #SA513830000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,017

Lot Details

  • 0.96 Acre Lot
  • Property is zoned COMMERCIAL

Horse Facilities and Amenities

  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 304-53-196-C

Property Details

Property Type

Land

Est. Annual Taxes

$2,017

Lot Details

0

Listing Details

  • Cross Street: VAL VISTA & GERMANN
  • Property Type: Land
  • Zoning: COMMERCIAL
  • Tax Year: 2318
  • Directions: Go North on Val Vista to Melrose, Go East on Melrose to property.
  • Horses: Yes
  • Lot Size Acres: 0.96
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: Seller Prop Disc Stm

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: UNKNOWN
  • Lot Size Sq Ft: 41901.0
  • Additional Parcels: No
  • Parcel #: 304-53-196-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2017.0
  • Tax Book Number: 304.00
  • Tax Lot: -
  • Tax Map Number: 53.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2019
Sold by
Professional Capital Dev Group Llc
Bought by
Melrose Professional Investments Llc
Current Estimated Value
$733,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,860,000
Outstanding Balance
$2,504,252
Interest Rate
4%
Mortgage Type
Small Business Administration

Purchase Details

Listed on
Apr 27, 2018
Closed on
Nov 20, 2018
Sold by
Melrose 1759 Llc
Bought by
Professional Capital Developmen Group Ll
Seller's Agent
Jesse Herfel
My Home Group Real Estate
Buyer's Agent
Jesse Herfel
My Home Group Real Estate
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2016
Sold by
Caballero Craig and Craig Caballero M
Bought by
Melrose 1759 Llc

Purchase Details

Closed on
Jan 21, 2004
Sold by
C & B Dairy Lllp
Bought by
Caballero Farms Lllp

Purchase Details

Closed on
Dec 10, 2001
Sold by
Cole Maudie L
Bought by
Caballero Craig

Purchase Details

Closed on
Oct 15, 2001
Sold by
Caballero Codee
Bought by
Caballero M Craig
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
Melrose Professional Investments Llc -- Fidelity Natl Ttl Agcy Inc
Professional Capital Developmen Group Ll $550,000 Fidelity National Title Agen
Melrose 1759 Llc -- None Available
Caballero Farms Lllp -- Fidelity National Title
Caballero Craig $205,000 Stewart Title & Trust
Caballero M Craig -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melrose Professional Investments Llc $2,860,000
Previous Owner Professional Capital Developmen Group Ll $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2018 11/28/18 Sold $550,000 -7.6% --
04/27/2018 04/27/18 For Sale $595,000 -- --
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 $20,276 $222,712 -- --
2024 $20,992 $218,735 -- --
2023 $20,992 $394,281 $100,844 $293,437
2022 $21,015 $358,103 $84,875 $273,228
2021 $2,691 $34,580 $6,910 $27,670
2020 $2,647 $33,070 $6,610 $26,460
2019 $2,470 $28,960 $5,790 $23,170
2018 $2,392 $26,700 $5,340 $21,360
2017 $2,318 $25,010 $5,000 $20,010
2016 $2,006 $23,570 $4,710 $18,860
2015 $1,822 $21,400 $4,280 $17,120
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jesse Herfel

    My Home Group

    (602) 705-2232

    Jesse Herfel
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5758118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-53-196C

Arizona Maricopa County Gilbert 85297 South Gilbert

1759 E Melrose St, Gilbert, AZ

This home is located at 1759 E Melrose St, Gilbert, AZ 85297 since 27 April 2018 and is currently priced at $733,000. 1759 E Melrose St is a home located in Maricopa County with nearby schools including Quartz Hill Elementary School, Campo Verde High School, and South Valley Jr. 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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