NOT LISTED FOR SALE

609 S Gilbert Rd Gilbert, AZ 85296

Heritage District Neighborhood

Estimated Value: $1,081,885

Studio
-- Bath
3,872 Sq Ft
$279/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $635,000 $164 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,977/month

91 Days on Market

Highlights

  • 0.41 Acre Lot
  • Community Kitchen
  • Central Air
  • Gilbert Elementary School Rated A-
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of October 2018

Don't miss out on this rare opportunity to own one of the last county island commercial properties in Gilbert! Prime, highly visible location on Gilbert Rd, just minutes from historic downtown Gilbert. Property offers 3 retail shops along with 10 furnished ofc suites, 2 kitchenettes & 4 rstrms. 607 & 609 Gilbert retail/ofc plaza has approximately 3872 total sf located on .41 acres. Prime Gilbert location with frontage on Gilbert Rd. 607 Gilbert has 1466 sf with 3 retail suites available (two 400 sf and one 600 sf) with a total of 2 rstrms & 1 kitchenette. 609 Gilbert has 2406 sf of available ofc space with 10 fully-furnished suites, reception area, kitchen, 2 rstrms & covered parking. Unique county island property (zoned Maricopa County C2) with wide range of commercial uses available.

Last Agent to Sell the Property

Wade Crandell

CMA Realty License #BR515017000 Listed on: 09/19/2018

Last Buyer's Agent

Wendy Williams

Russ Lyon Sotheby's International Realty License #SA570097000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,752

Year Built

  • Built in 1971

Lot Details

  • 0.41 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • 3,872 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 17 Open Parking Spaces
  • 22 Parking Spaces
  • Public Parking
  • 5 Covered Spaces
  • Private Parking

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 304-23-002-L

Community Details

Amenities

  • Community Kitchen
  • Reception Area

Additional Features

  • 2 Buildings
  • Operating Expense $4,752

Property Details

Property Type

Other

Est. Annual Taxes

$4,752

Year Built

Built in 1971

Lot Details

0.41 Acres

Listing Details

  • Cross Street: GILBERT / WARNER
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2017
  • Lot Size Acres: 0.41
  • Road Surface Type: Dedicated Street, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: L
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 3872.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Composition, Tile, Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Other (See Remarks), Private Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 17.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 17.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Other (See Remarks)24: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP, APS
  • Cooling: Central A/C, Office A/C
  • Heating: Electric
  • Green Building Features: Reception Room, Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 17705.0
  • Parcel #: 304-23-002-L
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 4752.0

Tax Info

  • Tax Annual Amount: 4752.0
  • 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
Sep 19, 2018
Closed on
Oct 5, 2018
Sold by
D & M Insurance Building Llc
Bought by
Lesteston Industries Llc
Seller's Agent
Wade Crandell
CMA Realty
Buyer's Agent
Wendy Williams
Russ Lyon Sotheby's International Realty
List Price
$695,000
Sold Price
$635,000
Premium/Discount to List
-$60,000
-8.63%
Current Estimated Value
$1,081,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,885
Avg. Annual Appreciation
7.45%
Original Mortgage
$476,250
Outstanding Balance
$170,223
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$911,662

Purchase Details

Closed on
Oct 3, 2003
Sold by
D & M Insurance Building Llc
Bought by
Town Of Gilbert

Purchase Details

Closed on
Jan 10, 2003
Sold by
Henry Mark Wayne and Palmer David Scott
Bought by
D & M Insurance Building Llc

Purchase Details

Closed on
Jun 29, 2000
Sold by
Palmer Linda L
Bought by
Palmer David Scott

Purchase Details

Closed on
Jun 28, 2000
Sold by
Fike Patrick M and Fike Marianne
Bought by
Henry Mark Wayne and Palmer David Scott
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

Date Buyer Sale Price Title Company
Lesteston Industries Llc $635,000 Magnus Title Agency Llc
Town Of Gilbert -- Fidelity National Title
D & M Insurance Building Llc -- --
Palmer David Scott -- Transnation Title Insurance
Henry Mark Wayne $425,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lesteston Industries Llc $476,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $635,000 -8.6% $164 / Sq Ft
09/19/2018 09/19/18 Price Changed $695,000 0.0% $179 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $695,000 -- $179 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $5,038 $52,021 -- --
2024 $5,164 $51,092 -- --
2023 $5,164 $110,279 $45,016 $65,263
2022 $5,179 $97,738 $35,770 $61,968
2021 $5,397 $90,018 $36,792 $53,226
2020 $5,304 $80,154 $32,328 $47,826
2019 $5,038 $62,424 $30,474 $31,950
2018 $4,895 $60,372 $25,542 $34,830
2017 $4,752 $53,190 $23,634 $29,556
2016 $4,819 $49,410 $21,114 $28,296
Source: Public Records

Agents Affiliated with this Home

  • Wade Crandell

    Seller's Agent in 2018

    Wade Crandell

    CMA Realty

    (480) 721-0065

    172 Total Sales

    Wade Crandell
    Section Image
  • Wendy Williams

    Buyer's Agent in 2018

    Wendy Williams

    Russ Lyon Sotheby's International Realty

    (480) 776-0001

    1 in this area

    23 Total Sales

    Wendy Williams
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5758970

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-23-002L

Arizona Maricopa County Gilbert 85296 Heritage District

609 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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