NOT LISTED FOR SALE

38 E Vaughn Ave Gilbert, AZ 85234

Heritage District Neighborhood

Estimated Value: $312,405 - $657,000

0.16 Acre
$2,505,319 Price per Acre
6,970 Sq Ft Lot

Last Sold February 16, 2021

Last sale price $250,000

Est. 60% increase in value since last sale

Current estimated payment $2,134/month

31 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 4-minute walk to Water Tower Plaza
  • Burk Elementary School Rated A-

About This Lot

As of February 2021

Investors/Builders - Exciting opportunity to purchase vacant lot in Gilbert Heritage District with no HOA & approved plans for construction of two, 3-story residential units. Just need to pay permit & development fees to start construction. Designed as spacious, 2,000 SF units each with a 2-car garage, bedroom, full bath & outdoor patio area on 1st floor, great room & kitchen with walk-in pantry & half bath on 2nd floor and two master suites on 3rd floor. Covered patios or decks on 2nd & 3rd floors will provide wonderful views of downtown Gilbert. Units are tastefully designed and would make great rental units, short-term vacation rentals or a primary residence plus a rental. Lot is within walking distance of Old Town Gilbert with abundant choices for entertainment, activities and dining.

Last Agent to Sell the Property

Wade Denman

Denman Realty Group, L.L.C License #BR116073000 Listed on: 12/17/2020

Last Buyer's Agent

Jonas Funston

Realty ONE Group License #SA563488000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $393

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot
  • Property is zoned Multi

Eco-Friendly Details

  • North or South Exposure

Schools

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 304-11-166-C

Property Details

Property Type

Land

Est. Annual Taxes

$393

Lot Details

0

Listing Details

  • Cross Street: Elliot & Gilbert
  • Legal Info Range: 6E
  • Property Type: Land
  • Development Status: Other, Plans Included
  • Topography: Level
  • Zoning: Multi
  • Tax Year: 2020
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: None
  • Lot Features: North/South Exp
  • Disclosures: None
  • Other Structures: Other

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Burk Elementary School
  • High School: Gilbert High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Lot Size: rectangle
  • Lot Size Sq Ft: 6970.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 304-11-166-C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 393.0
  • Tax Book Number: 304.00
  • Tax Lot: -
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
100 E Vaughn Llc
Bought by
Cbj Land Llc
Current Estimated Value
$400,851

Purchase Details

Closed on
Nov 22, 2022
Sold by
Funston Jonas and Funston Jamie
Bought by
100 E Vaughn Llc

Purchase Details

Listed on
Dec 17, 2020
Closed on
Feb 4, 2021
Sold by
Live The Dream Real Estate Llc
Bought by
Funston Jonas and Funston Jamie
Seller's Agent
Wade Denman
Denman Realty Group, L.L.C
Buyer's Agent
Jonas Funston
Realty ONE Group
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Sep 3, 2019
Sold by
Don Bossa Ventures Llc
Bought by
Live The Dream Real Estate Llc

Purchase Details

Closed on
Aug 23, 2019
Sold by
Den Bossa Ventures Llc
Bought by
Live The Dream Real Estate Llc

Purchase Details

Closed on
May 10, 2018
Sold by
Flinn John C and Phillips Julie
Bought by
Phillips Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2018
Sold by
Flinn Julie Phillips and Phillips Julie
Bought by
Den Bossa Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2006
Sold by
Conder Lloyd
Bought by
Abbott Ryan

Purchase Details

Closed on
Jun 20, 2005
Sold by
Herrrera Rosa
Bought by
Conder Lloyd

Purchase Details

Closed on
Dec 23, 2002
Sold by
Hassell Hudd and Hassell Eileen M
Bought by
Vaughn Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,300
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2001
Sold by
Ripley Stephen P and Ripley Kathy J
Bought by
Hassell Jared and Hassell Debby
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cbj Land Llc $310,000 Security Title Agency
100 E Vaughn Llc -- --
Funston Jonas $250,000 Security Title Agency Inc
Live The Dream Real Estate Llc -- None Available
Live The Dream Real Estate Llc $215,000 Clear Ttl Agcy Of Flagstaff
Phillips Julie -- Millennium Title Agency
Den Bossa Ventures Llc $200,000 Millennium Title Agency Llc
Abbott Ryan $110,000 Capital Title Agency Inc
Conder Lloyd $85,000 Equity Title Agency Inc
Vaughn Manor Llc $465,000 Title Partners Phoenix Llc
Hassell Jared $160,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Den Bossa Ventures Llc $175,000
Previous Owner Vaughn Manor Llc $600,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $250,000 -3.8% --
12/15/2020 12/15/20 For Sale $260,000 -- --
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 $410 $4,515 $4,515 --
2024 $397 $4,300 $4,300 --
2023 $397 $30,690 $30,690 $0
2022 $386 $6,300 $6,300 $0
2021 $399 $5,955 $5,955 $0
2020 $393 $5,835 $5,835 $0
2019 $365 $4,320 $4,320 $0
2018 $355 $4,425 $4,425 $0
2017 $344 $3,540 $3,540 $0
2016 $352 $3,165 $3,165 $0
2015 $343 $3,552 $3,552 $0
Source: Public Records

Agents Affiliated with this Home

  • Wade Denman

    Seller's Agent in 2021

    Wade Denman

    Denman Realty Group, L.L.C

    (480) 233-6119

    2 in this area

    48 Total Sales

    Wade Denman
    Section Image
  • Jonas Funston

    Buyer's Agent in 2021

    Jonas Funston

    Realty One Group

    (480) 313-6181

    5 in this area

    228 Total Sales

    Jonas Funston
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6172120

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-11-166C

Arizona Maricopa County Gilbert 85234 Heritage District

38 E Vaughn Ave, Gilbert, AZ

Not Listed for Sale

Lots

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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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