Seller's Agent in 2026
Tammy Knight
On Q Property Management
(480) 329-5688
4 in this area
93 Total Sales
229 N Palm St Unit TRLR Gilbert, AZ 85234
Heritage District Neighborhood
11
Beds
--
Bath
7,650
Sq Ft
1960
Built
Highlights
- Outdoor Storage
- Central Heating and Cooling System
- Partially Fenced Property
- Burk Elementary School Rated A-
- Ceiling Fan
- 4-minute walk to Water Tower Plaza
About This Home
As of April 2026Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.
Last Agent to Sell the Property
On Q Property Management License #SA529233000 Listed on: 02/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,835
Year Built
- Built in 1960
Lot Details
- Dirt Road
- Partially Fenced Property
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Additional Parking
Outdoor Features
- Outdoor Storage
Schools
- Gilbert Elementary School
- Gilbert High School
Utilities
- Central Heating and Cooling System
- Natural Gas Not Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, trash collection
- Assessor Parcel Number 304-11-159
Community Details
Overview
- 8 Buildings
- 8 Units
- Building Dimensions are 90x255
Building Details
- Operating Expense $24,535
- Gross Income $75,485
- Net Operating Income $49,440
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2026
Closed on
Apr 7, 2026
Sold by
Bought by
Seller's Agent
Tammy Knight
On Q Property Management
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$1,000,000
Sold Price
$1,000,000
Views
36
Purchase Details
Listed on
Jan 9, 2017
Closed on
Feb 17, 2017
Sold by
Bought by
Seller's Agent
Mitchell Korrub
Century 21 Arizona Foothills
Buyer's Agent
Michael Pickett
Occasio Realty
List Price
$650,000
Sold Price
$615,400
Premium/Discount to List
-$34,600
-5.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Purchase Details
Listed on
Jan 9, 2017
Closed on
Jan 25, 2017
Sold by
Bought by
Seller's Agent
Mitchell Korrub
Century 21 Arizona Foothills
Buyer's Agent
Michael Pickett
Occasio Realty
List Price
$650,000
Sold Price
$615,400
Premium/Discount to List
-$34,600
-5.32%
Purchase Details
Closed on
May 13, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
0.0561%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,000,000 | Pioneer Title Agency | ||
| -- | Great Amer Title Agency Inc | ||
| $615,400 | Great American Title Agency | ||
| $410,000 | Capital Title Agency Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $187,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/17/2026 04/17/26 | Sold | $1,000,000 | 0.0% | $131 / Sq Ft | |
| 03/24/2026 03/24/26 | Pending | -- | -- | -- | |
| 02/05/2026 02/05/26 | For Sale | $1,000,000 | +62.5% | $131 / Sq Ft | |
| 01/31/2017 01/31/17 | Sold | $615,400 | -5.3% | $80 / Sq Ft | View Prior Sale |
| 01/16/2017 01/16/17 | Pending | -- | -- | -- | |
| 01/09/2017 01/09/17 | For Sale | $650,000 | -- | $85 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,835 | $31,226 | ||
| 2024 | $2,745 | $29,739 | ||
| 2023 | $2,745 | $35,390 | $20,950 | $14,440 |
| 2022 | $2,669 | $31,010 | $17,440 | $13,570 |
| 2021 | $2,761 | $30,690 | $17,440 | $13,250 |
| 2020 | $2,720 | $31,100 | $17,940 | $13,160 |
| 2019 | $2,527 | $31,000 | $18,210 | $12,790 |
| 2018 | $2,457 | $26,340 | $13,560 | $12,780 |
| 2017 | $2,377 | $25,790 | $13,560 | $12,230 |
| 2016 | $2,437 | $24,730 | $12,110 | $12,620 |
| 2015 | $2,222 | $19,170 | $6,920 | $12,250 |
Source: Public Records
Agents Affiliated with this Home
-
Tammy Knight
-
Eric Dixon
Buyer's Agent in 2026
Eric Dixon
On Q Property Management
(480) 332-7404
1 in this area
67 Total Sales
-
M
Seller's Agent in 2017
Mitchell Korrub
Century 21 Arizona Foothills
-
M
Buyer's Agent in 2017
Michael Pickett
Occasio Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6993986
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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