NOT LISTED FOR SALE

428 S Gilbert Rd Unit 113 Gilbert, AZ 85296

Heritage District Neighborhood

Estimated Value: $364,307

-- Bed
-- Bath
1,742 Sq Ft
$209/Sq Ft Est. Value

Last Sold November 14, 2012

Last sale price $1,900 $1 Per Sq Ft

Est. 19,074% increase in value since last sale

Current estimated payment $2,202/month

40 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Gilbert Elementary School Rated A-

About This Home

As of November 2012

Completely remodeled office space ready to move in! Ideal for professional office users and service businesses. Available immediately for lease - prefer three to five year term. Modified Gross Lease.

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 10/07/2012

ProSmart Realty

Co-Listed By

Melody Bramer

Keller Williams Integrity First License #SA526989000

Last Buyer's Agent

Philip Watts

Watts Commercial Real Estate LLC License #BR517904000

Property Details

Property Type

  • Other

Year Built

  • Built in 2003

Lot Details

  • Property is zoned CO

Home Design

  • 1,742 Sq Ft Home
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Gilbert Professional Park Subdivision

Listing and Financial Details

  • Property Available on 10/15/12
  • The owner pays for management, taxes, exterior maintenance, common area maintenance, fire insurance, trash collection, sewer, water
  • Assessor Parcel Number 302-35-348

Property Details

Property Type

Other

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Elliot Road
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: CO
  • Number Of Buildings: 1
  • Lease Info Annual Exp Stop Sq Ft: 4.75
  • Lease Info Annual Lease Price: 27600.0
  • Lease Info Annual Lse Prc P S F: 15.84
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: Yes
  • Year Built: 2003
  • Tax Year: 2011
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: Gilbert Professional Park
  • Structure Type: Office
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1742.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Composition
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Paved: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 302-35-348

Rental Info

  • Available Date: 2012-10-15

Multi Family

  • Owner Pays: Management, Taxes, Exterior Maintenance, Common Area Maintenance, Fire Insurance, Trash Collection, Sewer, Water
  • Existing Lease Type: Modified Terms, Deposit Required
  • Leasable Area: 1742.0

Tax Info

  • Tax Annual Amount: 3600.0
  • Tax Book Number: 302.00
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2012
Closed on
Sep 27, 2012
Sold by
Superstition Office Llc
Bought by
Fast Air Llc
Seller's Agent
George Bliss
ProSmart Realty
Buyer's Agent
Philip Watts
Watts Commercial Real Estate LLC
List Price
$2,300
Sold Price
$1,900
Premium/Discount to List
-$400
-17.39%
Current Estimated Value
$364,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,407
Avg. Annual Appreciation
49.35%
Original Mortgage
$90,000
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 6, 2012
Sold by
Atc Realty Sixteen Inc
Bought by
Superstition Office Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,050,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2002
Sold by
Gilbert Professional Park Development Lc
Bought by
V-2 Properties Lc
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
Fast Air Llc $132,000 Thomas Title & Escrow
Superstition Office Llc $8,190,000 Thomas Title & Escrow
V-2 Properties Lc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fast Air Llc $90,000
Previous Owner Superstition Office Llc $3,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2012 11/14/12 Sold $1,900 -17.4% $1 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
10/05/2012 10/05/12 For Sale $2,300 -- $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 $3,519 $38,755 -- --
2024 $3,619 $38,063 -- --
2023 $3,619 $55,624 $11,118 $44,506
2022 $3,623 $46,638 $9,328 $37,310
2021 $3,855 $44,586 $8,910 $35,676
2020 $3,798 $42,984 $8,586 $34,398
2019 $3,528 $40,734 $8,136 $32,598
2018 $3,431 $35,118 $7,020 $28,098
2017 $3,319 $35,496 $7,092 $28,404
2016 $3,403 $33,516 $6,696 $26,820
2015 $3,189 $27,510 $5,495 $22,015
Source: Public Records

Agents Affiliated with this Home

  • George Bliss

    Seller's Agent in 2012

    George Bliss

    ProSmart Realty

    (480) 807-8237

    12 Total Sales

    George Bliss
    Section Image
  • Melody Bramer

    Seller Co-Listing Agent in 2012

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    1 in this area

    20 Total Sales

    Melody Bramer
    Section Image
  • Philip Watts

    Buyer's Agent in 2012

    Philip Watts

    Watts Commercial Real Estate LLC

    (480) 326-3223

    4 Total Sales

    Philip Watts
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4830814

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-343

Arizona Maricopa County Gilbert 85296 Heritage District

428 S Gilbert Rd Unit 113, Gilbert, AZ

Not Listed for Sale

Other

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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