NOT LISTED FOR SALE

633 E Ray Rd Unit 103 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $480,728

-- Bed
-- Bath
13,742 Sq Ft
$35/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $485,000 $35 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,818/month

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Ashland Elementary School Rated A

About This Home

As of September 2023

Lin-Ray Professional Suites. Suite 103 offers 1,447 SF available For Sale ($325/SF) or For Lease ($25/SF NNN). It can be continuous with Suite 101 for a combined 4,522 SF. All walls have been repainted and interior lights have been replaced with LEDs. Zoned CC - Community Commercial - Town of Gilbert. Large bullpen/open floor plan, private restroom & office. Two (2) covered parking spots included. 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

  • $3,582

Year Built

  • Built in 2004

Lot Details

  • 1,447 Sq Ft Lot
  • Property is zoned CC

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 13,742 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • Private Parking
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Lin Ray Professional Suites Subdivision
  • Operating Expense $7,242

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number 304-44-899

Property Details

Property Type

Other

Est. Annual Taxes

$3,582

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: 0.03
  • Subdivision Name: LIN-RAY PROFESSIONAL SUITES
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 13742.0

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

  • Parking Features: Private, Free
  • Attached Garage: No
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 1447.0
  • Parcel #: 304-44-899
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 7242.0
  • Leasable Area: 1447.0

Tax Info

  • Tax Annual Amount: 3582.0
  • Tax Book Number: 304.00
  • Tax Lot: 103
  • 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
Appcom Investment 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
$470,500
Sold Price
$485,000
Premium/Discount to List
$14,500
3.08%
Views
14
Current Estimated Value
$480,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,272
Avg. Annual Appreciation
-0.41%
Original Mortgage
$388,000
Outstanding Balance
$248,731
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$231,997

Purchase Details

Closed on
Mar 2, 2022
Sold by
Eureka Imperial Residence Llc
Bought by
Appcom Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2007
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
$190,000
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2004
Sold by
Ray Condo Investors Llc
Bought by
Lalani Atul and Lalani Leina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,034
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2004
Sold by
Lin Ray Condo Investors Llc
Bought by
Cook Everett A and Cook Kristi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,034
Interest Rate
5.79%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $485,000 Great American Title Agency
Appcom Investment Llc $350,000 Pioneer Title
Morar Properties Llc $231,260 Camelback Title Agency Llc
Lalani Atul $231,450 Fidelity National Title
Cook Everett A $242,250 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contour Holdings Llc $388,000
Previous Owner Appcom Investment Llc $250,000
Previous Owner Morar Properties Llc $190,000
Previous Owner Lalani Atul $188,034
Previous Owner Cook Everett A $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $485,000 +3.1% $35 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $470,500 -41.9% $34 / Sq Ft
03/31/2017 03/31/17 Sold $810,000 +21.8% $112 / Sq Ft View Prior Sale
09/05/2016 09/05/16 Pending -- -- --
05/28/2016 05/28/16 For Sale $665,000 -- $92 / 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 $3,479 $38,314 -- --
2024 $3,578 $37,630 -- --
2023 $3,578 $55,675 $11,135 $44,540
2022 $3,582 $46,743 $9,345 $37,398
2021 $3,811 $44,604 $8,910 $35,694
2020 $3,755 $42,480 $8,496 $33,984
2019 $3,488 $40,230 $8,046 $32,184
2018 $3,392 $34,884 $6,966 $27,918
2017 $3,281 $34,974 $6,984 $27,990
2016 $3,364 $32,688 $6,534 $26,154
2015 $2,168 $23,588 $4,718 $18,870
Source: Public Records

Agents Affiliated with this Home

  • Alex Affas, CCIM

    Seller's Agent in 2023

    Alex Affas, CCIM

    AFFIRE, LLC

    (480) 516-2046

    3 in this area

    18 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

    8 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

    31 Total Sales

    Aaron Dutcher
    Section Image
  • Rick Padelford

    Seller's Agent in 2017

    Rick Padelford

    Realty Executives

    (602) 690-9120

    22 Total Sales

    Rick Padelford
    Section Image

  • G

    Buyer's Agent in 2017

    Gregory Chambliss

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6596245

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-899

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 103, 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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