Seller's Agent in 2023
Lindsay Mozena
Realty One Group
(480) 321-8100
1 in this area
79 Total Sales
527 E Ray Rd Gilbert, AZ 85296
Southwest Gilbert NeighborhoodEstimated Value: $503,000 - $2,772,000
3
Beds
2.5
Baths
1,456
Sq Ft
$1,142/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- 4.12 Acre Lot
- No HOA
- Ashland Elementary School Rated A
- 1 Fireplace
- Evaporated cooling system
About This Home
As of September 2023AMAZING AND RARE INVESTMENT OPPORTUNITY in the HEART of GILBERT! Surrounded by city amenities and breathtaking mountain views, the land can be subdivided into 4, 1+ acre lots or left as is to build your dream estate and horse stables. With NO HOA, and residential zoning, the space is yours to develop as you desire. Located just minutes from downtown Gilbert and the San Tan Mall, Main Event, Top Golf -- PLUS all of the outdoor dining and shopping experiences the San Tan Village community offers!
Tenants are currently in place until March 2026.
Last Agent to Sell the Property
Realty ONE Group License #SA658766000 Listed on: 04/18/2023
Co-Listed By
Connor David
Realty ONE Group License #SA707054000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,424
Year Built
- Built in 1972
Lot Details
- 4.12 Acre Lot
- Desert faces the front and back of the property
- Partially Fenced Property
- Wire Fence
- Front and Back Yard Sprinklers
Parking
- 2 Car Garage
- 2 Carport Spaces
Home Design
- Fixer Upper
- Composition Roof
- Built-Up Roof
- Block Exterior
Interior Spaces
- 1,456 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Laminate Countertops
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 2.5 Bathrooms
Schools
- Ashland Elementary School
- South Valley Jr. High Middle School
- Mesquite High School
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Evaporated cooling system
- Heating Available
- Septic Tank
Community Details
- No Home Owners Association
- Association fees include no fees
- Tierra Madre Subdivision
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 304-43-097-B
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
Apr 18, 2023
Closed on
Sep 28, 2023
Sold by
Bought by
Seller's Agent
Lindsay Mozena
Realty ONE Group
Buyer's Agent
Dominick Montano
HomeSmart
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%
Views
93
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
-$537,122
Avg. Annual Appreciation
-9.74%
Original Mortgage
$1,320,000
Outstanding Balance
$1,293,896
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$368,982
Purchase Details
Closed on
Sep 25, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 29, 2003
Sold by
Bought by
Purchase Details
Closed on
Jan 3, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $2,200,000 | Chicago Title Agency | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National 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 |
|---|---|---|---|
| Open | $1,320,000 |
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 |
|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $2,200,000 | -20.0% | $1,511 / Sq Ft |
| 04/19/2023 04/19/23 | For Sale | $2,750,000 | -- | $1,889 / 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 | $7,917 | $28,352 | -- | -- |
| 2024 | $2,492 | $27,002 | -- | -- |
| 2023 | $2,492 | $58,360 | $11,670 | $46,690 |
| 2022 | $2,424 | $43,160 | $8,630 | $34,530 |
| 2021 | $2,507 | $35,730 | $7,140 | $28,590 |
| 2020 | $2,470 | $37,050 | $7,410 | $29,640 |
| 2019 | $2,294 | $29,030 | $5,800 | $23,230 |
| 2018 | $2,231 | $28,910 | $5,780 | $23,130 |
| 2017 | $2,158 | $27,150 | $5,430 | $21,720 |
| 2016 | $2,213 | $27,060 | $5,410 | $21,650 |
| 2015 | $2,018 | $24,930 | $4,980 | $19,950 |
Source: Public Records
Agents Affiliated with this Home
-
Lindsay Mozena
-
C
Seller Co-Listing Agent in 2023
Connor David
Realty One Group
-
Dominick Montano
Buyer's Agent in 2023
Dominick Montano
HomeSmart
(480) 861-0403
1 in this area
33 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6545754
APN: 304-43-097B
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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