NOT LISTED FOR SALE

55 S Mcqueen Rd Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $1,493,116

-- Bed
-- Bath
6,501 Sq Ft
$230/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $1,200,000 $185 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,011/month

90 Days on Market

Highlights

  • 0.53 Acre Lot
  • Islands Elementary School Rated A-
  • Community Kitchen

About This Home

As of March 2021

Great location in Gilbert's The Islands Master Planned Community. This office condo was just vacated by the tenant so is perfect for an owner user.

Last Agent to Sell the Property

Rick Padelford

Realty Executives License #SA030962000 Listed on: 10/02/2020

Realty Executives

Last Buyer's Agent

Millicent Owusu

HomeSmart License #SA554117000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,174

Year Built

  • Built in 2004

Lot Details

  • 0.53 Acre Lot
  • Additional Parcels
  • Property is zoned CC

Home Design

  • 6,501 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 25 Open Parking Spaces
  • 31 Parking Spaces
  • 6 Covered Spaces

Utilities

  • Heat Pump System
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 302-35-365

Community Details

Amenities

  • Community Kitchen
  • Meeting Room

Additional Features

  • Oasis At The Islands Lot 1 Replat Subdivision
  • Operating Expense $18,218

Property Details

Property Type

Other

Est. Annual Taxes

$14,174

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: McQueen and Elliott
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Current Use: Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 2004
  • Tax Year: 2020
  • Directions: The Oasis at the Islands Professional Plaza is the Southeast corner of McQueen and Elliott.
  • Lot Size Acres: 0.53
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: OASIS AT THE ISLANDS LOT 1 REPLAT
  • Structure Type: Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood, Stucco
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 31.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 31.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Office A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Kitchen, Fiber Optic Availble
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Fiber Optic Availble: Yes

Lot Info

  • Lot Size Sq Ft: 22882.0
  • Additional Parcels: Yes
  • Parcel #: 302-35-365
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 18218.0

Tax Info

  • Tax Annual Amount: 14174.0
  • Tax Book Number: 302.00
  • Tax Lot: 8
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2022
Sold by
Zion Compassion Care Llc
Bought by
Zion Property Llc
Total Days on Market
90
Current Estimated Value
$1,493,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.16%
Mortgage Type
Small Business Administration

Purchase Details

Listed on
Oct 2, 2020
Closed on
Feb 25, 2021
Sold by
Oasis 55 Llc
Bought by
Zion Compassion Care Llc
Seller's Agent
Rick Padelford
Realty Executives
Buyer's Agent
Millicent Owusu
HomeSmart
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$960,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2006
Sold by
Burnworth Jonathan A
Bought by
Oasis 55 Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Azg Lot 9 Llc
Bought by
Burnworth Jonathan A

Purchase Details

Closed on
Jul 27, 2005
Sold by
Mcelliot Llc
Bought by
Azg Lot 9 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zion Property Llc -- None Listed On Document
Zion Compassion Care Llc $1,200,000 Prestige T&E Agcy Llc
Oasis 55 Llc -- Yavapai Title Agency
Burnworth Jonathan A $1,855,000 First American Title Ins Co
Azg Lot 9 Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zion Compassion Care Llc $2,000,000
Previous Owner Zion Compassion Care Llc $960,000
Previous Owner Azg Lot 9 Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $1,200,000 0.0% $185 / Sq Ft
12/31/2020 12/31/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $1,200,000 0.0% $185 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $1,200,000 -- $185 / 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 $13,043 $144,633 -- --
2024 $13,508 $142,051 -- --
2023 $13,508 $286,603 $47,362 $239,241
2022 $13,523 $237,703 $85,855 $151,848
2021 $14,386 $187,200 $88,308 $98,892
2020 $14,174 $177,696 $81,900 $95,796
2019 $13,168 $143,262 $71,514 $71,748
2018 $12,805 $145,134 $49,968 $95,166
2017 $12,385 $141,210 $46,260 $94,950
2016 $12,699 $104,886 $41,310 $63,576
2015 $13,292 $121,009 $19,333 $101,676
Source: Public Records

Agents Affiliated with this Home

  • Rick Padelford

    Seller's Agent in 2021

    Rick Padelford

    Realty Executives

    (602) 690-9120

    4 in this area

    33 Total Sales

    Rick Padelford
    Section Image
  • Millicent Owusu

    Buyer's Agent in 2021

    Millicent Owusu

    HomeSmart

    (480) 516-4309

    2 in this area

    43 Total Sales

    Millicent Owusu
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6141154

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-365

Arizona Maricopa County Gilbert 85233 The Islands

55 S Mcqueen Rd, Gilbert, AZ

This home is located at 55 S Mcqueen Rd, Gilbert, AZ 85233 since 02 October 2020 and is currently estimated at $1,493,116, approximately $229 per square foot. This property was built in 2004. 55 S Mcqueen Rd is a home located in Maricopa County with nearby schools including Islands Elementary School, Mesquite High School, and Mesquite Junior High School.

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

Nearby Homes