NOT LISTED FOR SALE

36 E Vaughn Ave Unit 1 Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $478,000 - $752,000

3 Beds
-- Bath
2,162 Sq Ft
$277/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $321,000 $148 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,253/month

112 Days on Market

Highlights

  • Cooling Available
  • Community Playground
  • Ceiling Fan
  • Burk Elementary School Rated A-
  • Community Barbecue Grill
  • Individual Controls for Heating

About This Home

As of October 2017

From the Patio see the nearby Historic Downtown Gilbert! Community has an HOA which includes the common area, sewer, water, and trash. Units are individually metered for electric. Includes (2) 3BD/2BA Units. Rents are easily raised. Property is FULLY occupied! There is still room to raise the rents higher. Here is an opportunity to own a 3 bedroom duplex with newer construction and in an AMAZING location! If this Property is showing ACTIVE this means that it is available. See Document tab for CURRENT RENT ROLE and Year to Date operating numbers. Buyer to verify all financials, zoning, measurements and all items of concern prior to Close.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 04/06/2017

Last Buyer's Agent

Eddie Chang

ABI Multifamily License #SA545071000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,016

Year Built

  • Built in 2005

Lot Details

  • 2,483

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Burk Elementary School
  • Mesquite Elementary School - Gilbert Middle School
  • Gilbert High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, cable TV
  • Tax Lot 1
  • Assessor Parcel Number 304-11-366

Community Details

Overview

  • 2 Units
  • Building Dimensions are 2,723
  • Vaughn Manor Condominium Amd Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground

Building Details

  • Operating Expense $8,365
  • Gross Income $23,280
  • Net Operating Income $14,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,016

Year Built

Built in 2005

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Cross Street: W Elliot Rd and N Gilbert Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 2005
  • Tax Year: 1431
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 1169.0
  • Subdivision Name: VAUGHN MANOR CONDOMINIUM AMD
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes

Schools

  • Elementary School: Burk Elementary School
  • High School: Gilbert High School
  • Middle Or Junior School: Mesquite Elementary School - Gilbert

Lot Info

  • Lot Size: 2,723
  • Additional Parcels: No
  • Parcel #: 304-11-366

Multi Family

  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 23280.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 14885.0
  • Annual Operating Expense: 8365.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2016.0
  • Tax Book Number: 304.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2019
Sold by
The Tides At Downtown Gilbert Llc
Bought by
Pueblo Uno Associates Phoenix Llc
Current Estimated Value
$598,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,797
Outstanding Balance
$5,077
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$593,490

Purchase Details

Listed on
Apr 6, 2017
Closed on
Sep 14, 2017
Sold by
Barcena Apolonio N and Barcena Luz A
Bought by
The Tides At Downtown Gilbert Llc
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Eddie Chang
ABI Multifamily
List Price
$335,000
Sold Price
$321,000
Premium/Discount to List
-$14,000
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$5,510,000
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2008
Sold by
Barcena Henry A
Bought by
Barcena Apolonio N and Barcena Luz A

Purchase Details

Closed on
Jun 6, 2006
Sold by
Vaughn Manor Llc
Bought by
Barcena Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,250
Interest Rate
8.25%
Mortgage Type
New Conventional
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
Pueblo Uno Associates Phoenix Llc $10,540,000 American Title Svc Agcy Llc
The Tides At Downtown Gilbert Llc $321,000 Commonwealth Land Title Insu
Barcena Apolonio N -- None Available
Barcena Henry A $299,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pueblo Uno Associates Phoenix Llc $5,797
Previous Owner The Tides At Downtown Gilbert Llc $5,510,000
Previous Owner Barcena Henry A $224,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $321,000 -4.0% $148 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
07/13/2017 07/13/17 Price Changed $334,500 -0.1% $155 / Sq Ft
04/27/2017 04/27/17 For Sale $335,000 0.0% $155 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $335,000 -- $155 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,665 $18,339 -- --
2024 $1,612 $17,466 -- --
2023 $1,612 $39,150 $7,830 $31,320
2022 $1,568 $40,770 $8,150 $32,620
2021 $1,621 $37,830 $7,560 $30,270
2020 $1,597 $35,600 $7,120 $28,480
2019 $1,484 $24,050 $4,810 $19,240
2018 $1,443 $19,930 $3,980 $15,950
2017 $1,396 $18,230 $3,640 $14,590
2016 $1,431 $18,130 $3,620 $14,510
2015 $1,305 $17,350 $3,470 $13,880
Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2017

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    108 Total Sales

    Linda Gerchick
    Section Image
  • Eddie Chang

    Buyer's Agent in 2017

    Eddie Chang

    ABI Multifamily

    (602) 714-1400

    Eddie Chang
    Section Image
  • Ryan Smith

    Buyer Co-Listing Agent in 2017

    Ryan Smith

    ZENDOOR

    (602) 566-7203

    Ryan Smith
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5585891

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-366

Arizona Maricopa County Gilbert 85234 Heritage District

36 E Vaughn Ave Unit 1, Gilbert, AZ

Not Listed for Sale

MultiFamily

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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