NOT LISTED FOR SALE

535 S Gilbert Rd Gilbert, AZ 85296

Heritage District Neighborhood

Estimated Value: $643,000 - $1,259,819

-- Bed
3 Baths
3,113 Sq Ft
$322/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $565,000 $181 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,960/month

23 Days on Market

Highlights

  • 0.59 Acre Lot
  • Ceramic Tile Flooring
  • No Heating
  • Gilbert Elementary School Rated A-
  • Central Air

About This Home

As of December 2017

Here's your chance for a great Neighborhood Commercial (NC) property with over 180' of frontage on Gilbert Road!! Property was built as a Single Family Home and Commercial reception center in 2003 by Amberwood Homes. The property has been used as a Wedding Reception/Banquet Center and Pre-School! The property is Zoned NC with many uses! Built as a live/work facility with residential kitchen & bathrooms, as well as commercial bathrooms and a fire suppression system. Would make for GREAT office with minor modifications. Plenty of parking.

Last Agent to Sell the Property

Mike Caruso

HomeSmart License #SA540586000 Listed on: 10/10/2017

HomeSmart

Co-Listed By

Vincent Fumusa

HomeSmart License #SA515405000

Last Buyer's Agent

Gary Monteforte

Realty Executives Arizona Territory License #SA106893000

Realty Executives Arizona Territory

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,037

Year Built

  • Built in 2003

Lot Details

  • 0.59 Acre Lot
  • Block Wall Fence
  • Property is zoned NC

Home Design

  • 3,113 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • No Heating

Community Details

  • Operating Expense $3,037

Listing and Financial Details

  • Assessor Parcel Number 304-23-030-A

Property Details

Property Type

Other

Est. Annual Taxes

$3,037

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Warner/Gilbert
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: NC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2003
  • Tax Year: 2017
  • Lot Size Acres: 0.59
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3113.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Lot Info

  • Lot Size Sq Ft: 25907.0
  • Parcel #: 304-23-030-A

Multi Family

  • Annual Operating Expense: 3037.0

Tax Info

  • Tax Annual Amount: 3037.0
  • Tax Book Number: 304.00
  • Tax Lot: 0
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2017
Closed on
Dec 6, 2017
Sold by
Zappone Salvatore and Zappone Bernardina
Bought by
Zappone Bernardina
Seller's Agent
Mike Caruso
HomeSmart
Buyer's Agent
Gary Monteforte
Realty Executives Arizona Territory
List Price
$579,000
Sold Price
$565,000
Premium/Discount to List
-$14,000
-2.42%
Current Estimated Value
$1,002,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,606
Avg. Annual Appreciation
7.38%
Original Mortgage
$440,000
Outstanding Balance
$370,441
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$632,165

Purchase Details

Closed on
Nov 4, 2003
Sold by
Summerset Marketing Enterprises Inc
Bought by
Power Peggy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2003
Sold by
Hernandez Joe P and Hernandez Betty Acosta
Bought by
Summerset Marketing Enterprises Inc

Purchase Details

Closed on
Aug 22, 1995
Sold by
Leddy David and Leddy Susan
Bought by
Hernandez Joe P and Hernandez Betty Acosta
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
Zappone Bernardina -- Old Republic Title Agency
Zappone Bernardina $565,000 Old Republic Title Agency
Power Peggy M $402,389 Security Title Agency
Summerset Marketing Enterprises Inc $185,000 Arizona Title Agency Inc
Summerset Marketing Enterprises Inc $185,000 Arizona Title Agency Inc
Hernandez Joe P -- Network Escrow & Title Agenc
Leddy David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zappone Bernardina $440,000
Previous Owner Power Peggy M $260,000
Closed Power Peggy M $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2017 12/11/17 Sold $565,000 -2.4% $181 / Sq Ft
11/02/2017 11/02/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $579,000 -- $186 / 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 $8,486 $93,466 -- --
2024 $8,729 $91,797 -- --
2023 $8,729 $137,683 $61,880 $75,803
2022 $8,739 $116,183 $46,218 $69,965
2021 $9,297 $118,332 $47,538 $70,794
2020 $9,159 $112,859 $42,012 $70,847
2019 $2,341 $50,880 $21,910 $28,970
2018 $2,269 $47,660 $19,150 $28,510
2017 $2,190 $37,090 $17,730 $19,360
2016 $3,037 $43,322 $19,629 $23,693
2015 $2,812 $37,630 $17,532 $20,098
Source: Public Records

Agents Affiliated with this Home

  • Mike Caruso

    Seller's Agent in 2017

    Mike Caruso

    HomeSmart

    (480) 201-3700

    1 in this area

    45 Total Sales

    Mike Caruso
    Section Image
  • Vincent Fumusa

    Seller Co-Listing Agent in 2017

    Vincent Fumusa

    HomeSmart

    (480) 889-3700

    63 Total Sales

    Vincent Fumusa
    Section Image

  • G

    Buyer's Agent in 2017

    Gary Monteforte

    Realty Executives

    (480) 694-3949

    57 Total Sales

    Gary Monteforte
    Section Image
  • Denise Monteforte

    Buyer Co-Listing Agent in 2017

    Denise Monteforte

    Realty Executives

    (480) 694-3949

    91 Total Sales

    Denise Monteforte
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5671946

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-23-030A

Arizona Maricopa County Gilbert 85296 Heritage District

535 S Gilbert Rd, 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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