NOT LISTED FOR SALE

2373 E Baseline Rd Unit 102 Gilbert, AZ 85234

Northwest Gilbert Neighborhood

Estimated Value: $2,028,733

Studio
-- Bath
5,000 Sq Ft
$406/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $2,783 $1 Per Sq Ft

Est. 72,797% increase in value since last sale

Current estimated payment $11,375/month

127 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Neely Traditional Academy Rated A

About This Home

As of March 2021

• Approximately +/- 1,670 SF
• Lease Rate: $22.50 PSF
• Monument Signage
• Baseline Frontage
• New HVAC
• Newly repaved parking lot
• Last Available Suite
• Five Offices, Bullpen, Reception & Restroom

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/16/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1997

Lot Details

  • Property is zoned GC

Interior Spaces

  • 5,000 Sq Ft Home
  • Carpet

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Burke Plaza 1 Subdivision

Listing and Financial Details

  • Property Available on 9/16/20
  • Tenant pays for electricity, janitorial service
  • The owner pays for property taxes, exterior maint, trash, sewer, water, gas
  • Tax Lot 4
  • Assessor Parcel Number 304-95-531

Property Details

Property Type

Other

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Cross Street: E Baseline Rd & N Corrine Dr
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: GC
  • Lease Info Annual Lease Price: 37575.0
  • Lease Info Annual Lse Prc P S F: 22.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: Negotiable
  • Lease Info Space Divisible: No
  • Year Built: 1997
  • Tax Year: 2020
  • Subdivision Name: BURKE PLAZA 1
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Carpet
  • Living Area: 5000.0

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 304-95-531

Rental Info

  • Available Date: 2020-09-16

Multi Family

  • Owner Pays: Property Taxes, Exterior Maint, Trash, Sewer, Water, Gas
  • Tenant Pays: Electricity, Janitorial Service
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 1670.0

Tax Info

  • Tax Annual Amount: 9919.0
  • Tax Book Number: 304.00
  • Tax Lot: 4
  • Tax Map Number: 95.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2003
Sold by
Mannino Matthew J
Bought by
Burke Plaza B Llc
Current Estimated Value
$2,028,733

Purchase Details

Closed on
Nov 5, 1997
Sold by
Stephens William A and Stephens Larry D
Bought by
Mannino Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.26%
Mortgage Type
Seller Take Back
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
Burke Plaza B Llc -- Capital Title Agency Inc
Mannino Matthew J $520,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mannino Matthew J $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2021 03/01/21 Sold $2,783 -11.1% $1 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
09/16/2020 09/16/20 For Sale $3,131 -- $1 / 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 $9,201 $100,431 -- --
2024 $9,459 $98,638 -- --
2023 $9,459 $144,925 $56,015 $88,910
2022 $9,463 $150,570 $49,700 $100,870
2021 $10,059 $136,206 $51,120 $85,086
2020 $9,919 $114,336 $55,080 $59,256
2019 $9,215 $113,994 $49,752 $64,242
2018 $8,963 $102,276 $37,836 $64,440
2017 $8,673 $102,672 $35,028 $67,644
2016 $8,898 $79,812 $25,938 $53,874
2015 $8,340 $89,189 $46,602 $42,587
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6133052

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-95-531