Jeff Barchi
RE/MAX Fine Properties
(623) 745-8297
187 Total Sales
2 in Heritage District
$425K - $510K Price Range
38 E Elliot Rd Gilbert, AZ 85234
Heritage District NeighborhoodEstimated Value: $574,622
2
Beds
--
Baths
1,540
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- Central Air
- Burk Elementary School Rated A-
- Heating Available
About This Home
As of October 2023Heritage District Downtown Gilbert- GOLD MINE Investor Opportunity. 7.5 CAP RATE RENTURN PROFORMA. Month to month tenants. By App Only showings during diligence period. DRIVE BY ONLY. NO SELLER FINANCING
Last Agent to Sell the Property
Shamile Botzman
Premier Agent Network License #SA633919000 Listed on: 03/24/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $602
Year Built
- Built in 1960
Home Design
- Composition Roof
- Block Exterior
Parking
- 4 Parking Spaces
- Carport
Utilities
- Central Air
- Heating Available
- Natural Gas Not Available
Listing and Financial Details
- Tenant pays for water, electricity, trash collection
- Tax Lot 3
- Assessor Parcel Number 304-11-184
Community Details
Overview
- 2 Units
- Building Dimensions are 25000
- Hazelwood Terrace Subdivision
Building Details
- Operating Expense $2,902
- Gross Income $48,000
- Net Operating Income $46,000
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
Mar 24, 2023
Closed on
Oct 13, 2023
Sold by
Rental Professionals Llc
Bought by
Seller's Agent
Shamile Botzman
Premier Agent Network
Buyer's Agent
John Kepple
Capital REI
List Price
$628,000
Sold Price
$595,000
Premium/Discount to List
-$33,000
-5.25%
Views
188
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
-$20,378
Avg. Annual Appreciation
-1.18%
Purchase Details
Closed on
Jul 19, 2011
Sold by
Fannie Mae
Bought by
The Rentalprofessionals Llc
Purchase Details
Closed on
Feb 9, 2011
Sold by
Orozco Gerardo
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Aug 18, 2010
Sold by
Orozco Gerudo
Bought by
Ramirez Loerna I
Purchase Details
Closed on
Jun 15, 2003
Sold by
Orozco Gerardo and Ramirez Lorena I
Bought by
Orozco Gerardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 17, 1998
Sold by
Larson Gregory R
Bought by
Orozco Gerardo
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Heritage District, AZ
-
Jeff Barchi
-
Craig Binder
Craig Binder
Jason Mitchell Real Estate
(623) 439-8822
99 Total Sales
1 in Heritage District
$602,747 Price
-
John Galaviz
John Galaviz
Responds QuicklyeXp Realty
(623) 600-7993
121 Total Sales
1 in Heritage District
$650,000 Price
-
Dennis Salazar
Dennis Salazar
Responds QuicklyeXp Realty
(623) 552-4634
89 Total Sales
1 in Heritage District
$546,000 Price
-
Paula Selby
Paula Selby
Manara Properties, LLC
(480) 637-2779
29 Total Sales
2 in Heritage District
$449K - $585K Price Range
-
Marina Gamez
Marina Gamez
eXp Realty
(623) 257-8407
14 Total Sales
1 in Heritage District
$575,000 Price
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 |
|---|---|---|---|
| $595,000 | First American Title Insurance | ||
| The Rentalprofessionals Llc | $47,000 | North American Title Company | |
| Federal National Mortgage Association | $68,345 | None Available | |
| Ramirez Loerna I | -- | Accommodation | |
| Orozco Gerardo | -- | Transnation Title Ins Co | |
| Orozco Gerardo | $65,000 | Fidelity Title |
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 | $55,000 | ||
| Previous Owner | Orozco Gerardo | $25,000 | |
| Previous Owner | Orozco Gerardo | $75,000 |
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 |
|---|---|---|---|---|
| 10/17/2023 10/17/23 | Sold | $595,000 | -5.3% | $386 / Sq Ft |
| 09/21/2023 09/21/23 | For Sale | $628,000 | +5.5% | $408 / Sq Ft |
| 09/16/2023 09/16/23 | Off Market | $595,000 | -- | -- |
| 03/25/2023 03/25/23 | For Sale | $628,000 | -- | $408 / 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 | $640 | $7,047 | ||
| 2024 | $619 | $6,711 | ||
| 2023 | $619 | $34,900 | $6,980 | $27,920 |
| 2022 | $602 | $23,170 | $4,630 | $18,540 |
| 2021 | $623 | $21,510 | $4,300 | $17,210 |
| 2020 | $614 | $21,330 | $4,260 | $17,070 |
| 2019 | $570 | $11,920 | $2,380 | $9,540 |
| 2018 | $555 | $9,180 | $1,830 | $7,350 |
| 2017 | $536 | $7,330 | $1,460 | $5,870 |
| 2016 | $550 | $6,300 | $1,260 | $5,040 |
| 2015 | $501 | $5,600 | $1,120 | $4,480 |
Source: Public Records
Agents Affiliated with this Home
-
SB
Seller's Agent in 2023
Shamile Botzman
Premier Agent Network
-
John Kepple
Buyer's Agent in 2023
John Kepple
Capital REI
(309) 282-1554
1 in this area
15 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6535868
APN: 304-11-184
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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