NOT LISTED FOR SALE
Studio
-- Bath
1,400 Sq Ft
3,250 Sq Ft Lot

Last Sold November 01, 2024

Last sale price $2,400 $2 Per Sq Ft

84 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • 4-minute walk to Veterans Park
  • Gilbert Elementary School Rated A-
  • Heating Available

About This Home

As of November 2024

PRIME LOCATION in the Heritage Village Center of Downtown Gilbert! The Heritage District features the most walkable area in Gilbert; it is a place which helps to connect the town of Gilbert to it's past history while maintaining a vibrant pedestrian area with access to the BEST shopping & the TOP restaurants! The Corner Unit of this building is available now for lease. This is the largest unit in the building. Current layout has a front room currently used as a waiting room. Further back in the unit has a kitchen area with a sink, and more open space. Additional storage area located in the back of unit. Currently being operated as a brow/beauty salon, but was previously an office space. Other tenants in the building include a tailor and a jeweler.

Last Agent to Sell the Property

Akash Kaushal

Real Broker License #SA662485000 Listed on: 08/07/2024

Real Broker

Last Buyer's Agent

Daniel DiGangi

Citypoint Arizona LLC License #SA675617000

Property Details

Property Type

  • Other

Year Built

  • Built in 1960

Lot Details

  • 3,250 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C-O

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,400 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Water Meter

Community Details

  • Lacy Tract Blk 1 8 Subdivision

Listing and Financial Details

  • Property Available on 8/31/24
  • Tenant pays for electricity, gas, water, contents insurance, liability insurance, common area maintenance, capital improvements, taxes
  • The owner pays for fire insurance-bldg
  • Tax Lot 35
  • Assessor Parcel Number 302-18-048

Property Details

Property Type

Other

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Gilbert Rd & Elliott Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: C-O
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 2.0
  • Lease Info Annual Lease Price: 23400.0
  • Lease Info Annual Lse Prc P S F: 16.7
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1
  • Lease Info Space Divisible: No
  • Year Built: 1960
  • Tax Year: 2023
  • Lot Size Acres: 0.07
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: LACY TRACT BLK 1-8
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1400.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes

Utilities

  • Electric: Master Meter
  • Cooling: Central A/C, Wall/Window Unit(s)
  • Heating: Electric
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Lot Info

  • Lot Size Sq Ft: 3250.0
  • Additional Parcels: No
  • Parcel #: 302-18-048
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2024-08-31

Multi Family

  • Owner Pays: None, Fire Insurance-Bldg
  • Tenant Pays: Electricity, Gas, Water, Contents Insurance, Liability Insurance, Common Area Maintenance, Capital Improvements, Taxes
  • Existing Lease Type: NNN
  • Leasable Area: 1400.0

Tax Info

  • Tax Annual Amount: 542.0
  • Tax Book Number: 302.00
  • Tax Lot: 35
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2008
Sold by
Miroyal Llc
Bought by
Afzalian Davood

Purchase Details

Closed on
Jan 16, 2007
Sold by
Jones Lisa
Bought by
Taylor Sue

Purchase Details

Closed on
Jan 20, 2006
Sold by
Herbal Land Trust
Bought by
Roman Properties Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2003
Sold by
Saunders Desiree E and Wrkplace Trust
Bought by
Herbal Land Trust

Purchase Details

Closed on
Dec 22, 1995
Sold by
Taylor Janice S
Bought by
Miroyal Llc
Source: Public Records
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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
Afzalian Davood -- None Available
Taylor Sue $63,000 None Available
Roman Properties Land Trust $400,000 None Available
Herbal Land Trust -- --
Miroyal Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roman Properties Land Trust $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 Sold $2,400 0.0% $2 / Sq Ft
08/07/2024 08/07/24 For Sale $2,400 -- $2 / 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 $527 $5,802 $5,802 --
2024 $542 $5,698 $5,698 --
2023 $542 $7,735 $7,735 $0
2022 $542 $7,980 $7,980 $0
2021 $577 $8,208 $8,208 $0
2020 $569 $7,884 $7,884 $0
2019 $528 $7,380 $7,380 $0
2018 $514 $6,336 $6,336 $0
2017 $497 $5,868 $5,868 $0
2016 $509 $5,238 $5,238 $0
2015 $477 $4,163 $4,163 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6740512

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-18-048