NOT LISTED FOR SALE

633 E Ray Rd Unit 102 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $370,323

-- Bed
-- Bath
13,742 Sq Ft
$27/Sq Ft Est. Value

Last Sold September 18, 2015

Last sale price $176,000 $13 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,184/month

115 Days on Market

Highlights

  • Meeting Room
  • Ceramic Tile Flooring
  • Central Air
  • Ashland Elementary School Rated A

About This Home

As of September 2015

Great Investment Opportunity! 1,091/SF Office condo has reception, 1 private office with terrific natural light, conference room, break room, bullpen, and 1 ADA restroom. Currently negotiating new lease with existing tenant. Call Lister for details. NOI will be $16,000. Pricing based on an 8% CAP. Current owner installing new floors and new paint.

Last Agent to Sell the Property

Susan McCall

Commercial Property Connect License #BR552939000 Listed on: 05/05/2015

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,866

Year Built

  • Built in 2004

Lot Details

  • 1,091 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned CC

Home Design

  • Block Exterior

Interior Spaces

  • 13,742 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Covered Space
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 102
  • Assessor Parcel Number 304-44-898

Community Details

Amenities

  • Meeting Room
  • Reception Area

Building Details

  • Net Operating Income $16,000

Property Details

Property Type

Other

Est. Annual Taxes

$1,866

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Ray and Lindsay
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2015
  • Directions: Take the Loop 202 San Tan and exit Ray. Go West on Ray just past Lindsay. The property is on the South side of the Street 1 block west of Lindsay.
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 13742.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 1091.0
  • Parcel #: 304-44-898
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 569.5
  • Property Net Operating Income: 16000.0

Tax Info

  • Tax Annual Amount: 1865.62
  • Tax Book Number: 304.00
  • Tax Lot: 102
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2015
Closed on
Sep 11, 2015
Sold by
No Red Ink Llc
Bought by
Sri Balaji Investments Llc
Seller's Agent
Susan McCall
Commercial Property Connect
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$205,000
Sold Price
$176,000
Premium/Discount to List
-$29,000
-14.15%
Current Estimated Value
$370,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,323
Avg. Annual Appreciation
7.77%
Original Mortgage
$225,000
Outstanding Balance
$178,899
Interest Rate
3.87%
Mortgage Type
Commercial
Estimated Equity
$190,538

Purchase Details

Closed on
Apr 9, 2005
Sold by
Placencio Nicacio C and Placencio Genevieve
Bought by
Placencio Nicacio C and Placencio Genevieve

Purchase Details

Closed on
Mar 2, 2005
Sold by
Tischer Kathleen S
Bought by
Kathleen S Tischer Living Trust

Purchase Details

Closed on
Oct 1, 2004
Sold by
Lin Ray Condo Investors Llc
Bought by
No Red Ink Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,681
Interest Rate
5.76%
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
Sri Balaji Investments Llc $176,000 Grand Canyon Title Agency
Placencio Nicacio C -- --
Kathleen S Tischer Living Trust -- --
No Red Ink Llc $166,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sri Balaji Investments Llc $225,000
Previous Owner No Red Ink Llc $101,032
Previous Owner No Red Ink Llc $50,664
Previous Owner No Red Ink Llc $77,681
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2015 09/18/15 Sold $176,000 -14.1% $13 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $205,000 -- $15 / 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 $1,868 $20,716 -- --
2024 $1,935 $20,346 -- --
2023 $1,935 $43,197 $8,636 $34,561
2022 $1,937 $36,435 $7,280 $29,155
2021 $2,061 $34,758 $6,948 $27,810
2020 $2,030 $33,156 $6,624 $26,532
2019 $1,886 $31,500 $6,300 $25,200
2018 $1,834 $27,378 $5,472 $21,906
2017 $1,774 $27,450 $5,490 $21,960
2016 $1,819 $25,614 $5,112 $20,502
2015 $1,705 $18,593 $3,719 $14,874
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Susan McCall

    Commercial Property Connect

    Section Image

  • N

    Buyer's Agent in 2015

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5275468

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-898

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 102, Gilbert, AZ

This home is located at 633 E Ray Rd Unit 102, Gilbert, AZ 85296 since 05 May 2015 and is currently estimated at $370,323, approximately $26 per square foot. This property was built in 2004. 633 E Ray Rd Unit 102 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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