NOT LISTED FOR SALE

633 E Ray Rd Unit 130 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $444,191

-- Bed
-- Bath
1,218 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $1,900 $2 Per Sq Ft

Est. 23,278% increase in value since last sale

Current estimated payment $2,495/month

83 Days on Market

About This Home

As of October 2020

Great office condo space for a small business. This office is located in Lin-Ray condominiums and consists of three large private offices, restroom, file/copy room with plenty of cabinet storage, and a full kitchen (refrigerator, stove, and microwave). High-end finishes ready for a new tenant.

Last Agent to Sell the Property

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000 Listed on: 08/07/2020

Last Buyer's Agent

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000 Listed on: 08/07/2020

Property Details

Property Type

  • Other

Year Built

  • Built in 2004

Lot Details

  • 1,218 Sq Ft Lot
  • Property is zoned CC

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Heat Pump System

Community Details

  • Lin Ray Condominiums Subdivision

Listing and Financial Details

  • Property Available on 8/7/20
  • Tax Lot 119
  • Assessor Parcel Number 304-44-921

Property Details

Property Type

Other

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Ray Road & Lindsey
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: CC
  • Current Use: Office
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 2200.0
  • Lease Info Annual Lse Prc P S F: 1.81
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-4
  • Lease Info Space Divisible: No
  • Year Built: 2004
  • Tax Year: 2019
  • Lot Size Acres: 0.03
  • Subdivision Name: LIN-RAY CONDOMINIUMS
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

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

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 1218.0
  • Additional Parcels: No
  • Parcel #: 304-44-921
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-08-07

Multi Family

  • Leasable Area: 1218.0

Tax Info

  • Tax Annual Amount: 2020.0
  • Tax Book Number: 304.00
  • Tax Lot: 119
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2020
Sold by
Cohen Mary Ann
Bought by
633 E Ray Llc
Current Estimated Value
$444,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Outstanding Balance
$189,971
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$254,220

Purchase Details

Closed on
Dec 20, 2018
Sold by
Hoffmann Dale W and Cohen Mary Ann
Bought by
Cohen Mary Ann and Hoffmann Dale W

Purchase Details

Listed on
Jun 2, 2017
Closed on
Sep 18, 2017
Sold by
Pensco Trust Co
Bought by
Azca Property Llc
Seller's Agent
Jason Rodgers
Visionary Properties
Buyer's Agent
Larry Peters
West USA Realty
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
Feb 13, 2017
Sold by
Ajs Development Llc
Bought by
Pensco Trust Co

Purchase Details

Closed on
Dec 8, 2006
Sold by
Pensco Trust Co
Bought by
Ajs Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,345
Interest Rate
6.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 3, 2006
Sold by
Lin Ray Condo Investors Llc
Bought by
Pensco Trust Co
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
633 E Ray Llc -- Pioneer Title Agency Inc
Cohen Mary Ann -- Pioneer Title Agency Inc
Cohen Mary Ann $265,000 Pioneer Title Agency Inc
Azca Property Llc $210,000 Pioneer Title Agency Inc
Pensco Trust Co -- None Available
Ajs Development Llc $283,345 Transnation Title Ins Co
Pensco Trust Co $188,936 Omega Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 633 E Ray Llc $212,000
Previous Owner Ajs Development Llc $283,345
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2020 10/29/20 Sold $1,900 -13.6% $2 / Sq Ft
08/07/2020 08/07/20 For Sale $2,200 -99.0% $2 / Sq Ft
09/26/2017 09/26/17 Sold $210,000 -4.5% $172 / Sq Ft View Prior Sale
08/24/2017 08/24/17 Pending -- -- --
07/14/2017 07/14/17 Price Changed $219,900 -2.3% $181 / Sq Ft
06/02/2017 06/02/17 For Sale $225,000 -- $185 / 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 $2,015 $22,193 -- --
2024 $2,073 $21,797 -- --
2023 $2,073 $47,396 $9,469 $37,927
2022 $2,075 $39,918 $7,980 $31,938
2021 $2,208 $38,088 $7,614 $30,474
2020 $2,175 $36,324 $7,254 $29,070
2019 $2,020 $34,470 $6,894 $27,576
2018 $1,965 $29,934 $5,976 $23,958
2017 $1,900 $30,006 $5,994 $24,012
2016 $1,949 $28,026 $5,598 $22,428
2015 $1,826 $20,295 $4,052 $16,243
Source: Public Records

Agents Affiliated with this Home

  • Alex Affas, CCIM

    Seller's Agent in 2020

    Alex Affas, CCIM

    AFFIRE, LLC

    (480) 516-2046

    3 in this area

    18 Total Sales

    Alex Affas, CCIM
    Section Image
  • Jason Rodgers

    Seller's Agent in 2017

    Jason Rodgers

    Visionary Properties

    (480) 248-9395

    3 in this area

    67 Total Sales

    Jason Rodgers
    Section Image
  • William Doyle

    Seller Co-Listing Agent in 2017

    William Doyle

    Visionary Properties

    (480) 275-9706

    3 in this area

    60 Total Sales

    William Doyle
    Section Image
  • Larry Peters

    Buyer's Agent in 2017

    Larry Peters

    West USA Realty

    (480) 383-3007

    9 Total Sales

    Larry Peters
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6114331

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-921

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 130, 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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