NOT LISTED FOR SALE

1970 W Elliot Rd Unit 103 Gilbert, AZ 85233

Northwest Gilbert Neighborhood

Estimated Value: $803,357

-- Bed
-- Bath
3,162 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $474,000 $150 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,612/month

50 Days on Market

Highlights

  • Community Kitchen
  • Ceramic Tile Flooring
  • Heating Available
  • Playa Del Rey Elementary School Rated A-

About This Home

As of March 2018

HIGHLY SOUGHT AFTER FULLY IMPROVED OFFICE WAREHOUSE PROPERTY LOCATED IN SUCCESSFUL BUSINESS PARK WITH STREET FRONTAGE ON ELLIOT AND IN CLOSE PROXIMITY TO 101, 60 AND 202 FREEWAYS. THIS PROPERTY WAS BUILT OUT SPARING NO EXPENSE WITH MODERN OFFICE SPACE TO INCLUDE 6 LARGE GLASS OFFICES SURROUNDING A COMMON CONFERENCE AREA. UNIT HAS TWO BATHROOMS, RECEPTION SPACE AND KITCHEN LOUNGE AREA. WAREHOUSE HAS A 12x12 OVERHEAD GRADE-LEVEL DOOR WITH 16 FT CEILING CLEAR HEIGHT, 400 AMP SERVICE AND 3 PHASE POWER. ASSOCIATION COVERS COMMON AREA, WATER, ROOF AND BLANKET INSURANCE POLICY FOR DWELLING. THIS PROPERTY IS PERFECT FOR AN OWNER USER OR INVESTMENT. FLOOR PLAN IS LOCATED IN DOCUMENT TAB.

Last Agent to Sell the Property

Heidi Serrano

HomeSmart License #SA033477000 Listed on: 01/25/2018

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,977

Year Built

  • Built in 2007

Lot Details

  • Block Wall Fence
  • Property is zoned Light Industria

Home Design

  • 3,162 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Public Parking

Utilities

  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number 302-23-079

Community Details

Overview

  • 4 Buildings
  • Building Dimensions are 40 x 81 approx
  • Elliot Business Center Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Building Details

  • Operating Expense $8,777

Property Details

Property Type

Other

Est. Annual Taxes

$3,977

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Elliot & Arizona Ave
  • Legal Info Range: 5e
  • Property Type: Comm/Industry Sale
  • Zoning: Light Industria
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2017
  • Directions: FROM THE INTERSECTION OF AZ AVE & ELLIOT PROCEED EAST ON ELLIOT. CROSS OVER THE RAILROAD TRACKS TO ELLIOT BUSINESS CENTER ON NORTH SIDE OF ELLIOT. TURN LEFT INTO CENTER AND PARK FOR SUITE 103.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: ELLIOT BUSINESS CENTER
  • Structure Type: Commercial, Industrial, Office, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Living Area: 3162.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: 3 Phase Power, Over 220 Amp, SRP
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • 3 Phase Power: Yes

Association/Amenities

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

Lot Info

  • Lot Size: 40 x 81 approx
  • Lot Size Sq Ft: 0.07
  • Parcel #: 302-23-079
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 8777.0

Tax Info

  • Tax Annual Amount: 3977.0
  • Tax Book Number: 302.00
  • Tax Lot: 103
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Mar 27, 2018
Sold by
Sentinel Aero Assets Llc
Bought by
Brad M Inc
Seller's Agent
Heidi Serrano
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$525,000
Sold Price
$474,000
Premium/Discount to List
-$51,000
-9.71%
Total Days on Market
50
Current Estimated Value
$803,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,357
Avg. Annual Appreciation
7.87%

Purchase Details

Closed on
Feb 18, 2016
Sold by
Swvp Elliot Center Llc
Bought by
Sentinel Aero Assets Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2010
Sold by
Corporate Holdings Ii Llc
Bought by
Swvp Elliott Center Llc
Source: Public Records

Range of Values:

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Average Value
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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
Brad M Inc $474,000 Security Title Agency Inc
Sentinel Aero Assets Llc $245,100 Thomas Title & Escrow
Swvp Elliott Center Llc $4,400,000 Thomas Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sentinel Aero Assets Llc $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $474,000 -9.7% $150 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $525,000 -- $166 / 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 $4,188 $46,439 -- --
2024 $4,337 $45,610 -- --
2023 $4,337 $75,395 $15,079 $60,316
2022 $4,342 $64,873 $12,968 $51,905
2021 $4,619 $62,946 $12,582 $50,364
2020 $4,551 $58,446 $11,682 $46,764
2019 $4,228 $52,398 $10,476 $41,922
2018 $4,111 $46,818 $9,360 $37,458
2017 $3,977 $44,874 $8,964 $35,910
2016 $4,077 $40,824 $8,154 $32,670
2015 $3,821 $37,925 $7,585 $30,340
Source: Public Records

Agents Affiliated with this Home

  • Heidi Serrano

    Seller's Agent in 2018

    Heidi Serrano

    HomeSmart

    (602) 768-1229

    96 Total Sales

    Heidi Serrano
    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5714122

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-23-079

Arizona Maricopa County Gilbert 85233 Northwest Gilbert

1970 W Elliot Rd Unit 103, Gilbert, AZ

This home is located at 1970 W Elliot Rd Unit 103, Gilbert, AZ 85233 since 25 January 2018 and is currently estimated at $803,357, approximately $254 per square foot. This property was built in 2007. 1970 W Elliot Rd Unit 103 is a home located in Maricopa County with nearby schools including Playa Del Rey 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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