209 N Elm St Gilbert, AZ 85234
Downtown Gilbert Neighborhood
--
Bed
--
Bath
1,152
Sq Ft
8,451
Sq Ft Lot
Highlights
- Wood Flooring
- Multiple cooling system units
- 4-minute walk to Water Tower Plaza
- Burk Elementary School Rated A-
- Heating System Uses Natural Gas
About This Home
As of January 2017Take advantage of this rare find- a fully remodeled & fully rented fourplex in Downtown Gilbert! Exterior remodel includes new stucco, siding, paint, fencing, & landscaping completed in 2016. New kitchen & bathroom, flooring, windows, lighting & paint, new AC units & new roof completed 2-3 years ago. Each unit has laundry hook ups inside & separate gas/electric meters.
This fourplex is FULLY RENTED! Enjoy the instant monthly income of $2900/month!
Downtown Gilbert is rapidly growing with new restaurants, shopping, and more. The residential is growing with it. Lots of room for future development & higher rents! Look at MLS #5530204 if interested in purchasing a lot adjacent to this fourplex.
Last Agent to Sell the Property
Realty ONE Group License #SA660533000 Listed on: 11/29/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $827
Year Built
- Built in 1965
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Wood Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Multiple cooling system units
- Central Air
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Legal Lot and Block 14 / 7
- Assessor Parcel Number 304-11-084
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are 8428
- Gilbert Subdivision
Building Details
- Operating Expense $4,283
- Gross Income $33,060
- Net Operating Income $28,777
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 29, 2016
Closed on
Jan 24, 2017
Sold by
Bigelow Development Group Llc
Bought by
A & K Group Llc
Seller's Agent
Jamie Bigelow
Realty ONE Group
Buyer's Agent
Kirk Erickson
Schreiner Realty
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Total Days on Market
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,667
Avg. Annual Appreciation
6.71%
Purchase Details
Closed on
Dec 9, 2015
Sold by
Property Preservation Group Llc
Bought by
Bigelow Bradley Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 8, 2015
Sold by
Bigelow Jamie Anne
Bought by
Bigelow Bradley Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 2, 2014
Sold by
Foresight Investments & Holding Llc
Bought by
Property Preservation Group Llc
Purchase Details
Listed on
Jun 28, 2012
Closed on
Sep 4, 2012
Sold by
Kim Peter Y
Bought by
Kim Peter Y and Hong Kyong Soog
Seller's Agent
Jason Rodgers
Visionary Properties
Buyer's Agent
Kathy Howard
HomeSmart
List Price
$139,900
Sold Price
$115,000
Premium/Discount to List
-$24,900
-17.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.83%
Purchase Details
Closed on
May 17, 2012
Sold by
Smith Daniel F and Smith Karen M
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jun 2, 2005
Sold by
Smith Daniel F
Bought by
Smith Daniel F and Smith Karen M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 7, 2003
Sold by
Smith Karen M
Bought by
Smith Daniel F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,950
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 14, 1994
Sold by
King Norman O and King Miriam H
Bought by
Dutson Thayne R and Dutson Margaret M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,700
Interest Rate
8.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 1993
Sold by
Jackson Don and Jackson Orpha
Bought by
King Norman O and King Miriam H
Similar Home in Gilbert, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $390,000 | Clear Title Agency Of Az Llc | |
| Cash Sale Deed | $276,000 | American Title Svc Agency Ll | |
| Interfamily Deed Transfer | -- | American Title Svc Agency Ll | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Cash Sale Deed | $115,000 | North American Title Company | |
| Trustee Deed | $223,226 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co | |
| Warranty Deed | $181,000 | Transnation Title Ins Co | |
| Joint Tenancy Deed | $71,000 | Chicago Title Insurance Co | |
| Warranty Deed | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $185,500 | New Conventional | |
| Previous Owner | $235,000 | New Conventional | |
| Previous Owner | $203,700 | Unknown | |
| Previous Owner | $29,100 | Stand Alone Second | |
| Previous Owner | $198,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $171,950 | Purchase Money Mortgage | |
| Previous Owner | $49,700 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/26/2017 01/26/17 | Sold | $390,000 | -1.3% | $339 / Sq Ft |
| 01/01/2017 01/01/17 | For Sale | $395,000 | 0.0% | $343 / Sq Ft |
| 11/29/2016 11/29/16 | For Sale | $395,000 | +243.5% | $343 / Sq Ft |
| 09/07/2012 09/07/12 | Sold | $115,000 | -17.8% | $100 / Sq Ft |
| 08/17/2012 08/17/12 | Pending | -- | -- | -- |
| 06/28/2012 06/28/12 | For Sale | $139,900 | -- | $121 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,228 | $25,482 | -- | -- |
| 2024 | $2,240 | $24,269 | -- | -- |
| 2023 | $2,240 | $47,510 | $9,500 | $38,010 |
| 2022 | $2,178 | $42,720 | $8,540 | $34,180 |
| 2021 | $2,253 | $37,150 | $7,430 | $29,720 |
| 2020 | $2,220 | $33,460 | $6,690 | $26,770 |
| 2019 | $2,062 | $26,410 | $5,280 | $21,130 |
| 2018 | $834 | $14,720 | $2,940 | $11,780 |
| 2017 | $806 | $12,380 | $2,470 | $9,910 |
| 2016 | $827 | $10,930 | $2,180 | $8,750 |
| 2015 | $754 | $8,570 | $1,710 | $6,860 |
Source: Public Records
Agents Affiliated with this Home
-
Jamie Bigelow
J
Seller's Agent in 2017
Jamie Bigelow
Realty One Group
(480) 236-1072
1 in this area
7 Total Sales
-
Kirk Erickson
Buyer's Agent in 2017
Kirk Erickson
Schreiner Realty
(602) 222-3456
8 in this area
207 Total Sales
-
Jason Rodgers
Seller's Agent in 2012
Jason Rodgers
Visionary Properties
(480) 248-9395
1 in this area
70 Total Sales
-
C
Seller Co-Listing Agent in 2012
Christopher Oster
Visionary Properties
-
Kathy Howard
Buyer's Agent in 2012
Kathy Howard
HomeSmart
5 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5530215
APN: 304-11-084
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.
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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