NOT LISTED FOR SALE

55 S Mcqueen Rd Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $1,498,192

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

Sale Details

Date Sold: March 4, 2021

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

Est. 25% increase in value since last sale

Current estimated payment $9,320 / mo

90 Days on Market

Highlights

  • 0.53 Acre Lot
  • Community Kitchen
  • Ceramic Tile Flooring
  • Islands Elementary School Rated A-
  • Cooling Available
  • Heat Pump System

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 Arizona Territory License #SA030962000 Listed on: 12/21/2020

Realty Executives Arizona Territory

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

  • 22,882 Sq Ft Lot
  • Property is zoned CC

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

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

Utilities

  • Cooling Available
  • 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

0.53 Acres

Listing Details

  • Cross Street: McQueen and Elliott
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2020
  • 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
  • Water Source City Franchise: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 6501.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved
  • Attached Garage: No
  • 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 Features Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Office A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Kitchen, Fiber Optic Availble
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • 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
  • Parcel #: 302-35-365

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

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

Closed on
Apr 20, 2022
Sold by
Bought by
Current Estimated Value
$1,498,192

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
0.0392%
Mortgage Type
Small Business Administration

Purchase Details

Listed on
Dec 21, 2020
Closed on
Feb 25, 2021
Sold by
Bought by
Seller's Agent
Rick Padelford
Realty Executives Arizona Territory
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
4.19%
Original Mortgage
$960,000
Interest Rate
0.027%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 2005
Sold by
Bought by

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
0.0546%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- None Listed On Document
$1,200,000 Prestige T&E Agcy Llc
-- Yavapai Title Agency
$1,855,000 First American Title Ins Co
-- First American Title Ins Co
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
Previous Owner $2,000,000
Previous Owner $960,000
Previous Owner $700,000
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
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

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 $13,132 $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

    21 Total Sales

    Rick Padelford
    Section Image
  • Millicent Owusu

    Buyer's Agent in 2021

    Millicent Owusu

    HomeSmart

    (480) 516-4309

    1 in this area

    50 Total Sales

    Millicent Owusu
    Section Image
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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

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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