NOT LISTED FOR SALE

36 N Gilbert Rd Gilbert, AZ 85234

Downtown Gilbert Neighborhood

Estimated Value: $428,476

-- Bed
2 Baths
867 Sq Ft
$494/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $210,000 $242 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,469/month

5 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Gilbert Elementary School Rated A-
  • Partially Fenced Property
  • 4-minute walk to Veterans Park

About This Home

As of August 2015

Located in Heritage Village Center Zoning District (HVC) in downtown Gilbert, Arizona. Lots of new development going in. Price is for building only. Current tanning business and equipment additional $25,000. Owner is licensed in real estate in Arizona. Owner will carry with agreement for sale at 6% with $50,000 down for building only or $65,000 down with tanning business with no qualifying. Call for details. New A/C unit 4/13. New roof shingles 2012. Parking lot repaved 2013. Back alley exit. Pictures taken of business's on both sides and across street. 1/2 bath only. No hot water heater. Business on north side is real estate office. Business on south is antique store. New Hanna Commercial Center Building plus restaurant approved to be built at 100 N. Gilbert Road.

Last Agent to Sell the Property

Donald Geahlen

Mesa Realty, Inc. License #BR004992000 Listed on: 08/05/2015

Last Buyer's Agent

Frank Gerola

Venture REI, LLC License #SA645607000

Venture REI, LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,175

Year Built

  • Built in 1930

Lot Details

  • 6,500 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned Commercial

Home Design

  • 867 Sq Ft Home
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Concrete

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Tax Lot 27-28
  • Assessor Parcel Number 302-18-041

Community Details

Overview

  • Building Dimensions are Approximate 50 x 130
  • Lacy Tract Lot 27 28 Blk 3 Subdivision

Additional Features

  • Reception Area
  • Operating Expense $1,175

Property Details

Property Type

Other

Est. Annual Taxes

$1,175

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Gilbert/Elliot
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Current Use: Service Business
  • Number Of Buildings: 1
  • Year Built: 1930
  • Tax Year: 2014
  • Directions: North of Elliot on Gilbert Road to 36 on left.
  • Lot Size Acres: 0.15
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: LACY TRACT LOT 27-28 BLK 3
  • Structure Type: Commercial
  • Railroad Available: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Concrete

Exterior Features

  • Fencing: Block, Partial
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • 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
  • Parking:Paved Parking: Yes

Utilities

  • Electric: 220 Volts, Individual Meter, APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Reception Room, Raised Floor
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size: Approximate 50 x 130
  • Lot Size Sq Ft: 6500.0
  • Additional Parcels: No
  • Parcel #: 302-18-041
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 1175.0

Tax Info

  • Tax Annual Amount: 1175.0
  • Tax Book Number: 302.00
  • Tax Lot: 27-28
  • Tax Map Number: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2015
Closed on
Aug 12, 2015
Sold by
The Beach House Tanning Salon Llc
Bought by
Laser Enterprises Llc
Seller's Agent
Donald Geahlen
Mesa Realty, Inc.
Buyer's Agent
Frank Gerola
Venture REI, LLC
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%
Current Estimated Value
$428,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,476
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Dec 28, 2010
Sold by
Martin Matters 36 N Llc
Bought by
The Beach House Tanning Salon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,500
Interest Rate
4.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 14, 2007
Sold by
Martin Fred M and Martin Laura Christine
Bought by
Martin Matters 36 N Llc

Purchase Details

Closed on
Aug 10, 1991
Sold by
Martin Edgar E and Martin Rose Mary
Bought by
Martin Fred M and Martin Christine
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Laser Enterprises Llc $210,000 First Arizona Title Agency
The Beach House Tanning Salon Llc $148,000 American Title Service Agenc
Martin Matters 36 N Llc -- None Available
Martin Fred M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Beach House Tanning Salon Llc $140,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2015 08/21/15 Sold $210,000 -6.7% $242 / Sq Ft
08/09/2015 08/09/15 Pending -- -- --
08/04/2015 08/04/15 For Sale $225,000 -- $260 / 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 $2,369 $26,269 -- --
2024 $2,453 $25,800 -- --
2023 $2,453 $35,377 $19,465 $15,912
2022 $2,456 $31,535 $16,485 $15,050
2021 $2,613 $32,490 $16,956 $15,534
2020 $2,574 $31,986 $16,200 $15,786
2019 $2,392 $30,636 $15,444 $15,192
2018 $2,326 $16,974 $11,592 $5,382
2017 $1,186 $16,002 $10,728 $5,274
2016 $1,216 $14,328 $9,576 $4,752
2015 $1,139 $10,305 $6,660 $3,645
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Donald Geahlen

    Mesa Realty, Inc.

    (602) 999-9350

    11 Total Sales

    Donald Geahlen
    Section Image
  • Frank Gerola

    Buyer's Agent in 2015

    Frank Gerola

    Venture REI, LLC

    (480) 231-3401

    31 in this area

    330 Total Sales

    Frank Gerola
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5316406

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-18-041

Arizona Maricopa County Gilbert 85233 Downtown Gilbert

36 N Gilbert Rd, Gilbert, AZ

This home is located at 36 N Gilbert Rd, Gilbert, AZ 85234 since 05 August 2015 and is currently estimated at $428,476, approximately $494 per square foot. This property was built in 1930. 36 N Gilbert Rd is a home located in Maricopa County with nearby schools including Gilbert Elementary School, Mesquite Junior High School, and Mesquite High School.

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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