$810,000
SOLD MAR 31, 2017

633 E Ray Rd Unit 103 Gilbert, AZ 85296

Southwest Gilbert Neighborhood
-- Bed
-- Bath
7,253 Sq Ft
7,253 Sq Ft Lot

Recently Sold

$112 Per Sq Ft

22% Above List Price

100 Days on Market

Highlights

  • Fitness Center
  • Cooling Available
  • Heating Available
  • Ashland Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of September 2023

Past tenant was a gym/work out facility ** also would be great for a yoga studio ** Open space with private bathroom ** Great central Gilbert location ** May be leased or purhcased with the adjoining medical office for a total of 4600 square feet.

Last Agent to Sell the Property

Rick Padelford

Realty Executives Arizona Territory License #SA030962000 Listed on: 02/10/2017

Realty Executives Arizona Territory

Last Buyer's Agent

Gregory Chambliss

West USA Realty License #SA646230000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,168

Year Built

  • Built in 2004

Lot Details

  • 7,253 Sq Ft Lot
  • Property is zoned C-C

Home Design

  • 7,253 Sq Ft Home
  • Wood Frame Construction
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

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

Community Details

Recreation

  • Fitness Center

Additional Features

  • Lin Ray Condominiums 1St Amd Subdivision
  • Operating Expense $8,403

Property Details

Property Type

Other

Est. Annual Taxes

$2,168

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: C-C
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2015
  • Directions: Ray Road, just east of Lindsay on the south side. This condo fronts Ray Road and is just to the right when you pull in.
  • Lot Size Acres: 0.17
  • Road Surface Type: Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: LIN-RAY CONDOMINIUMS 1ST AMD
  • Structure Type: Commercial, Office
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 7253.0

Exterior Features

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

Garage/Parking

  • Parking Features: Parking Lot, Paved
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Paved Parking: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C
  • Heating: Electric
  • Green Building Features: Exercise Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Exercise Room: Yes

Lot Info

  • Lot Size Sq Ft: 7253.0
  • Parcel #: 304-44-899

Multi Family

  • Annual Operating Expense: 8403.0
  • Leasable Area: 1492.0

Tax Info

  • Tax Annual Amount: 2168.0
  • 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
$492,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,129
Avg. Annual Appreciation
0.73%
Original Mortgage
$388,000
Outstanding Balance
$267,215
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$224,914

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 Type Sale Price Title Company
Special Warranty Deed $485,000 Great American Title Agency
Special Warranty Deed $350,000 Pioneer Title
Warranty Deed $231,260 Camelback Title Agency Llc
Special Warranty Deed $231,450 Fidelity National Title
Special Warranty Deed $242,250 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $388,000 New Conventional
Open $799,600 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $746,900 Commercial
Previous Owner $390,000 Credit Line Revolving
Previous Owner $190,000 Commercial
Previous Owner $188,034 Commercial
Previous Owner $275,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 $3,455 $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

    4 in this area

    19 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

    23 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: 5453589

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

This home is located at 633 E Ray Rd Unit 103, Gilbert, AZ 85296 and is currently priced at $810,000, approximately $111 per square foot. This property was built in 2004. 633 E Ray Rd Unit 103 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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