NOT LISTED FOR SALE

465 E Ray Rd Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $658,000 - $986,000

1 Bed
1 Bath
2,440 Sq Ft
$316/Sq Ft Est. Value

Last Sold April 02, 2013

Last sale price $200,000 $82 Per Sq Ft

Est. 285% increase in value since last sale

Current estimated payment $4,272/month

144 Days on Market

Highlights

  • Horses Allowed On Property
  • 1.03 Acre Lot
  • Patio
  • Ashland Elementary School Rated A
  • No HOA
  • Carpet

About This Home

As of April 2013

This is a BANK OWNED property located in the Tierra Madre subdivision. No HOA. This home sits on two parcels 304-43-084-G and 304-43-084-F. Buyer must purchase both parcels and list price is for both parcels. Zoned R-143. Buyer can call Town of Gilbert with zoning questions. This home is being sold AS-IS. The seller has never occupied the property. Seller may credit buyer up to a maximum 3% of sales price towards closing costs if negotiated in final signed counter offer.

Last Agent to Sell the Property

Jesi Wolnik

Vicsdale License #BR521511000 Listed on: 10/19/2012

Co-Listed By

Benjamin Olson

Paramount Properties of Arizona LLC License #BR539855000

Last Buyer's Agent

Patrick Martin

Conway Real Estate License #SA632301000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,066

Year Built

  • Built in 1971

Lot Details

  • 1.03 Acre Lot
  • Block Wall Fence

Parking

  • 1 Open Parking Space

Home Design

  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,440 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Schools

  • Ashland Elementary School
  • South Valley Jr. High Middle School
  • Mesquite High School

Additional Features

  • Patio
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Tierra Madre Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 304-43-084-G

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,066

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Lindsay & Ray
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Year Built: 1971
  • Tax Year: 2011
  • Property Sub Type: Single Family - Detached
  • Horses: Yes
  • Lot Size Acres: 1.03
  • Co List Office Mls Id: pmnt01
  • Co List Office Phone: 480-339-7188
  • Subdivision Name: Tierra Madre
  • Architectural Style: Ranch
  • Tax Parcel Letter: G
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 81.97
  • Special Features: None

Interior Features

  • Basement: None
  • Flooring: Carpet
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: 3/4 Bath Master Bdrm
  • Living Area: 2440.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:None42: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Patio
  • Pool Features: None
  • Pool Private: No
  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Metal
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Open Parking Spaces: 1.0

Utilities

  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Water
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Ashland Elementary
  • High School: Mesquite High School
  • Junior High Dist: Higley Unified District
  • Middle Or Junior School: South Valley Jr. High

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44878.0
  • Parcel #: 304-43-084-G
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Tax Annual Amount: 3066.0
  • Tax Book Number: 304.00
  • Tax Lot: 7
  • Tax Map Number: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2012
Closed on
Mar 25, 2013
Sold by
Jpmorgan Chasebank Na
Bought by
Harker Mary B
Seller's Agent
Jesi Wolnik
Vicsdale
Buyer's Agent
Patrick Martin
Conway Real Estate
List Price
$207,750
Sold Price
$200,000
Premium/Discount to List
-$7,750
-3.73%
Current Estimated Value
$770,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,878
Avg. Annual Appreciation
11.18%
Original Mortgage
$160,000
Outstanding Balance
$112,754
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$658,124

Purchase Details

Listed on
Oct 19, 2012
Closed on
Mar 19, 2013
Sold by
Harker Kenneth G
Bought by
Harker Mary B
Seller's Agent
Jesi Wolnik
Vicsdale
Buyer's Agent
Patrick Martin
Conway Real Estate
List Price
$207,750
Sold Price
$200,000
Premium/Discount to List
-$7,750
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$112,754
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$658,124

Purchase Details

Closed on
Dec 30, 2011
Sold by
Federal National Mortgage Association
Bought by
Jp Morgan Chase Bank Na

Purchase Details

Closed on
Sep 20, 2007
Sold by
Shanks Michael A and Shanks Christine
Bought by
Lamy Abner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Harker Mary B $200,000 Lawyers Title Of Arizona Inc
Harker Mary B -- Lawyers Title Of Arizona Inc
Jp Morgan Chase Bank Na -- First American Equity Loan S
Lamy Abner $479,800 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harker Mary B $160,000
Previous Owner Lamy Abner $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $200,000 -3.7% $82 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
02/28/2013 02/28/13 For Sale $207,750 0.0% $85 / Sq Ft
02/12/2013 02/12/13 Pending -- -- --
12/20/2012 12/20/12 Price Changed $207,750 -5.0% $85 / Sq Ft
11/27/2012 11/27/12 Price Changed $218,669 -5.0% $90 / Sq Ft
10/19/2012 10/19/12 For Sale $230,178 -- $94 / 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 $2,795 $30,785 -- --
2024 $2,706 $29,319 -- --
2023 $2,706 $53,800 $10,760 $43,040
2022 $2,632 $41,330 $8,260 $33,070
2021 $2,722 $34,750 $6,950 $27,800
2020 $2,682 $35,950 $7,190 $28,760
2019 $2,491 $27,860 $5,570 $22,290
2018 $2,423 $27,280 $5,450 $21,830
2017 $2,343 $25,960 $5,190 $20,770
2016 $2,403 $25,570 $5,110 $20,460
2015 $2,191 $24,230 $4,840 $19,390
Source: Public Records

Agents Affiliated with this Home

  • Jesi Wolnik

    Seller's Agent in 2013

    Jesi Wolnik

    Vicsdale

    (602) 570-4532

    3 Total Sales

    Jesi Wolnik
    Section Image

  • B

    Seller Co-Listing Agent in 2013

    Benjamin Olson

    Paramount Properties of Arizona LLC

  • P

    Buyer's Agent in 2013

    Patrick Martin

    Conway Real Estate

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4837250

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-43-084H

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

465 E Ray Rd, Gilbert, AZ

Not Listed for Sale

Detached

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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