NOT LISTED FOR SALE

633 E Ray Rd Unit 101 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $1,015,126

-- Bed
-- Bath
3,075 Sq Ft
$330/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $999,500 $325 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,040/month

7 Days on Market

Highlights

  • Community Kitchen
  • Computer Room
  • Cooling Available
  • Ashland Elementary School Rated A
  • Display Windows
  • Ceramic Tile Flooring

About This Home

As of September 2023

Lin-Ray Professional Suites. Suite 101 offers 3,075 SF available For Sale ($325/SF) or For Lease ($25/SF NNN). It can be continuous with Suite 103 for a combined 4,522 SF. All walls have been repainted and interior lights have been replaced with LEDs. Frontage on Ray Road, four (4) covered parking spots, and one (1) 10'x20' storage unit are included in the purchase. Zoned CC - Community Commercial - Town of Gilbert. Receptionist area, office/exam rooms, plenty of restrooms and entrances. Great for a Professional and/or Medical User.

Last Agent to Sell the Property

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000 Listed on: 08/23/2023

Last Buyer's Agent

Nicholas Skogen

My Home Group Real Estate License #SA669539000

My Home Group Real Estate

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,787

Year Built

  • Built in 2004

Lot Details

  • 3,075 Sq Ft Lot
  • Property is zoned CC

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,075 Sq Ft Home
  • Display Windows
  • Computer Room

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Public Parking
  • 4 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 304-44-897

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Additional Features

  • Lin Ray Professional Suites Subdivision
  • Operating Expense $5,427

Property Details

Property Type

Other

Est. Annual Taxes

$4,787

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Lindsay & Ray Road
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2022
  • Lot Size Acres: 0.07
  • Subdivision Name: LIN-RAY PROFESSIONAL SUITES
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl
  • Living Area: 3075.0

Exterior Features

  • Fencing: See Remarks
  • Disclosures: None
  • Construction Type: Other, Frame - Wood, Stucco
  • Roof: Foam
  • Construction:Other (See Remarks)23: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Private, Public Parking, Free
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Computer Room, Display Window(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Computer Room: Yes
  • Amenities:Showroom: Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 3075.0
  • Parcel #: 304-44-897
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5427.0

Tax Info

  • Tax Annual Amount: 4787.0
  • Tax Book Number: 304.00
  • Tax Lot: 101
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Sep 22, 2023
Sold by
Azca Property Llc
Bought by
Contour Holdings Llc
Seller's Agent
Alex Affas, CCIM
AFFIRE, LLC
Buyer's Agent
Nicholas Skogen
My Home Group Real Estate
List Price
$999,500
Sold Price
$999,500
Views
18
Current Estimated Value
$1,015,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,626
Avg. Annual Appreciation
0.90%
Original Mortgage
$799,600
Outstanding Balance
$563,234
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$451,892

Purchase Details

Closed on
Mar 2, 2022
Sold by
Eureka Imperial Residence Llc
Bought by
Azca Property Llc

Purchase Details

Closed on
Jun 24, 2017
Sold by
Morar Properties Llc
Bought by
Eureka Imperial Residence Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,900
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2004
Sold by
Lin Ray Condo Investors Llc
Bought by
Morar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,400
Interest Rate
5.94%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Contour Holdings Llc $999,500 Great American Title Agency
Azca Property Llc $800,000 Pioneer Title
Eureka Imperial Residence Llc $810,000 First American Title Insuran
Morar Properties Llc $450,660 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contour Holdings Llc $799,600
Closed Contour Holdings Llc $388,000
Previous Owner Eureka Imperial Residence Llc $746,900
Previous Owner Morar Properties Llc $979,000
Previous Owner Morar Properties Llc $641,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $999,500 0.0% $325 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $999,500 -- $325 / 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 $4,617 $51,201 -- --
2024 $4,782 $50,287 -- --
2023 $4,782 $107,644 $21,522 $86,122
2022 $4,787 $89,268 $17,850 $71,418
2021 $5,093 $85,266 $17,046 $68,220
2020 $5,018 $80,676 $16,128 $64,548
2019 $4,661 $75,906 $15,174 $60,732
2018 $4,533 $65,358 $13,068 $52,290
2017 $4,385 $65,574 $13,104 $52,470
2016 $4,495 $61,524 $12,294 $49,230
2015 $4,213 $43,697 $8,732 $34,965
Source: Public Records

Agents Affiliated with this Home

  • Alex Affas, CCIM

    Seller's Agent in 2023

    Alex Affas, CCIM

    AFFIRE, LLC

    (480) 516-2046

    4 in this area

    17 Total Sales

    Alex Affas, CCIM
    Section Image

  • N

    Buyer's Agent in 2023

    Nicholas Skogen

    My Home Group

    (480) 685-2760

    2 in this area

    9 Total Sales

    Nicholas Skogen
    Section Image
  • Aaron Dutcher

    Buyer Co-Listing Agent in 2023

    Aaron Dutcher

    My Home Group

    (480) 797-8369

    2 in this area

    32 Total Sales

    Aaron Dutcher
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6596237

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-897

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 101, Gilbert, AZ

This home is located at 633 E Ray Rd Unit 101, Gilbert, AZ 85296 since 23 August 2023 and is currently estimated at $1,015,126, approximately $330 per square foot. This property was built in 2004. 633 E Ray Rd Unit 101 is a home located in Maricopa County with nearby schools including Ashland Elementary School, South Valley Jr. High School, and Campo Verde 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

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