NOT LISTED FOR SALE

633 E Ray Rd Unit 129 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $489,709

-- Bed
-- Bath
12,718 Sq Ft
$39/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $2,300 $0 Per Sq Ft

Est. 21,192% increase in value since last sale

Current estimated payment $2,771/month

82 Days on Market

Highlights

  • Meeting Room
  • Computer Room
  • Heat Pump System
  • Ashland Elementary School Rated A

About This Home

As of April 2020

**AMAZING OFFICE CONDO** THIS IS A STUNNING MOVE-IN READY SUITE FEATURING FOUR OFFICES, RECEPTION AREA, CONFERENCE AREA AND TWO BATHROOMS! THERE IS NOTHING TO DO HERE ACCEPT OPEN THE DOORS AND RUN YOUR BUSINESS. THIS PLACE IS REALLY NICE AND NESTLED IN A CLEAN WELL KEPT COMPLEX THAT INCLUDES PLENTY OF PARKING AND IS CONVENIENTLY LOCATED IN GILBERT. ALL OFFICES HAVE ETHERNET PLUS CABLE READY, RECEPTION DESK IS FINISHED WITH BEAUTIFUL GRANITE, KITCHEN/BREAK ROOM AREA HAS REFRIGERATOR, MICROWAVE, WATER HEATER, TOASTER OVEN AND DISHWASHER PLUS A PANTRY AND FINISHED IN GRANITE. RECESSED LIGHTING, QUALITY LIGHT FIXTURES, DURABLE/STYLISH CARPETING, QUALITY CEILING TILE AND EARTH TONE PAINTS THROUGHOUT THE PROPERTY. TWO PRIVATE BATHS FINISHED WITH SLATE FLOORS AND MOTION SENSOR LIGHT SWITCHES. ADDITIONAL SECURED STORAGE SPACE IS AVAILABLE ON PROPERTY USED FOR ORDINARY COURSE OF BUSINESS AND CAN BE NEGOTIATED IF NEEDED FOR A TRAILER, COMPANY VEHICLES... FINDING AN OFFICE THIS CLEAN AND TURN-KEY IS NOT EASY. YOU SHOULD PUT THIS ONE ON YOUR SHORT LIST TO SEE. NO JANITORIAL SERVICES PROVIDED BY LANDLORD. MODIFIED GROSS---TENANT RESPONSIBLE FOR UTILITIES.

Last Agent to Sell the Property

Justin Campbell

DPR Realty LLC License #SA545826000 Listed on: 02/07/2020

DPR Realty LLC

Last Buyer's Agent

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000

Property Details

Property Type

  • Other

Year Built

  • Built in 2004

Lot Details

  • 1,579 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned cc

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Metal Siding
  • Stucco

Parking

  • 2 Parking Spaces
  • 1 Covered Space

Additional Features

  • Computer Room
  • Heat Pump System

Listing and Financial Details

  • Property Available on 2/10/20
  • Tax Lot 118
  • Assessor Parcel Number 304-44-920

Community Details

Overview

  • Lin Ray Condominiums 1St Amd Subdivision

Amenities

  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Lindsay & Ray Road
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: cc
  • Current Use: Service Business, Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 31855.0
  • Lease Info Annual Lse Prc P S F: 23.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Year Built: 2004
  • Tax Year: 2019
  • Lot Size Acres: 0.04
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: LIN-RAY CONDOMINIUMS 1ST AMD
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Block, Other
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco, Metal Siding
  • Roof: Tile
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

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

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Computer Room: Yes
  • Amenities:LAN Compatible Copr: Yes

Lot Info

  • Lot Size Sq Ft: 1579.0
  • Additional Parcels: No
  • Parcel #: 304-44-920
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-02-10

Multi Family

  • Leasable Area: 1385.0

Tax Info

  • Tax Annual Amount: 2559.0
  • Tax Book Number: 304.00
  • Tax Lot: 118
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Jul 13, 2016
Sold by
Ksw Investment Group Llc
Bought by
Tanner Financial Services Llc
Seller's Agent
Jason Rodgers
Visionary Properties
Buyer's Agent
Jason Rodgers
Visionary Properties
List Price
$299,900
Sold Price
$251,000
Premium/Discount to List
-$48,900
-16.31%
Current Estimated Value
$489,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,709
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Jul 23, 2007
Sold by
Lin Ray Condo Investors Llc
Bought by
Ksw Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tanner Financial Services Llc $251,000 American Title Svc Agency Ll
Ksw Investment Group Llc $249,705 Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ksw Investment Group Llc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2020 04/30/20 Sold $2,300 -13.4% $0 / Sq Ft
02/07/2020 02/07/20 For Sale $2,655 -98.9% $0 / Sq Ft
07/20/2016 07/20/16 Sold $251,000 -16.3% $20 / Sq Ft View Prior Sale
07/06/2016 07/06/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $299,900 -- $24 / 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 $2,552 $28,104 -- --
2024 $2,625 $27,602 -- --
2023 $2,625 $59,534 $11,900 $47,634
2022 $2,628 $49,910 $9,975 $39,935
2021 $2,796 $47,646 $9,522 $38,124
2020 $2,754 $45,324 $9,054 $36,270
2019 $2,559 $42,894 $8,568 $34,326
2018 $2,488 $37,188 $7,434 $29,754
2017 $2,407 $37,278 $7,452 $29,826
2016 $2,468 $34,866 $6,966 $27,900
2015 $2,313 $25,105 $5,014 $20,091
Source: Public Records

Agents Affiliated with this Home

  • Justin Campbell

    Seller's Agent in 2020

    Justin Campbell

    DPR Realty

    (602) 295-5922

    8 Total Sales

    Justin Campbell
    Section Image

  • T

    Buyer's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image
  • Jason Rodgers

    Seller's Agent in 2016

    Jason Rodgers

    Visionary Properties

    (480) 248-9395

    3 in this area

    66 Total Sales

    Jason Rodgers
    Section Image
  • William Doyle

    Seller Co-Listing Agent in 2016

    William Doyle

    Visionary Properties

    (480) 275-9706

    3 in this area

    59 Total Sales

    William Doyle
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6033922

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-920

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 129, 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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