NOT LISTED FOR SALE

633 E Ray Rd Unit 131 Gilbert, AZ 85296

Southwest Gilbert Neighborhood

Estimated Value: $365,171

-- Bed
-- Bath
1,464 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 20, 2017

Last sale price $200,000 $137 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,113/month

141 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Ashland Elementary School Rated A

About This Home

As of December 2017

**Reduced for quick sale**AMAZING OFFICE CONDO** THIS IS A STUNNING SUITE NESTLED IN A TERRIFIC COMPLEX THAT INCLUDES PLENTY OF PARKING AND IS CONVENIENTLY LOCATED IN A GREAT GILBERT AREA. FINDING AN OFFICE THIS PERFECT IS NOT EASY TO DO SO YOU BETTER HURRY!

Last Agent to Sell the Property

Jason Rodgers

Visionary Properties License #SA557950000 Listed on: 06/02/2017

Co-Listed By

William Doyle

Visionary Properties License #BR557948000

Last Buyer's Agent

Fred Ortiz

DeLex Realty License #SA532247000

DeLex Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,319

Year Built

  • Built in 2004

Lot Details

  • 1,464 Sq Ft Lot

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,464 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Public Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Lin Ray Condominiums 1St Amd Subdivision
  • Operating Expense $5,307

Listing and Financial Details

  • Tax Lot 120
  • Assessor Parcel Number 304-44-922

Property Details

Property Type

Other

Est. Annual Taxes

$2,319

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: LINDSEY/RAY
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C
  • Number Of Buildings: 1
  • Year Built: 2004
  • Tax Year: 2016
  • Lot Size Acres: 0.03
  • Co List Office Mls Id: vsnr01
  • Co List Office Phone: 480-248-9395
  • Subdivision Name: LIN-RAY CONDOMINIUMS 1ST AMD
  • Structure Type: Commercial, Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile

Exterior Features

  • Fencing: None
  • Construction Type: Stucco
  • Roof: Tile
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 1464.0
  • Parcel #: 304-44-922
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5307.0

Tax Info

  • Tax Annual Amount: 2319.0
  • Tax Book Number: 304.00
  • Tax Lot: 120
  • Tax Map Number: 44.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2017
Closed on
Dec 7, 2017
Sold by
Pensco Trust Co
Bought by
Sandoval Michael A and Sandoval Diana L
Seller's Agent
Jason Rodgers
Visionary Properties
Buyer's Agent
Fred Ortiz
DeLex Realty
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$365,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,171
Avg. Annual Appreciation
7.80%
Original Mortgage
$150,000
Outstanding Balance
$39,012
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$326,159

Purchase Details

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

Purchase Details

Closed on
Jun 12, 2012
Sold by
Pensco Trust
Bought by
Investment Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 2011
Sold by
Lin Ray Condo Investors Llc
Bought by
Pensco Trust
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
Sandoval Michael A $200,000 Magnus Title Agency
Pensco Trust Co -- None Available
Investment Property Management Llc $156,000 Old Republic Title Agency
Pensco Trust $67,275 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Michael A $150,000
Previous Owner Investment Property Management Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $200,000 -9.0% $137 / Sq Ft
10/21/2017 10/21/17 Pending -- -- --
07/14/2017 07/14/17 Price Changed $219,900 -2.3% $150 / Sq Ft
06/02/2017 06/02/17 For Sale $225,000 -- $154 / 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 $2,398 $26,408 -- --
2024 $2,466 $25,936 -- --
2023 $2,466 $55,692 $11,135 $44,557
2022 $2,469 $46,760 $9,345 $37,415
2021 $2,627 $44,640 $8,928 $35,712
2020 $2,588 $42,498 $8,496 $34,002
2019 $2,404 $40,248 $8,046 $32,202
2018 $2,338 $34,884 $6,966 $27,918
2017 $2,261 $34,974 $6,984 $27,990
2016 $2,319 $32,706 $6,534 $26,172
2015 $2,173 $23,607 $4,718 $18,889
Source: Public Records

Agents Affiliated with this Home

  • 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
  • Fred Ortiz

    Buyer's Agent in 2017

    Fred Ortiz

    DeLex Realty

    (602) 373-3846

    61 Total Sales

    Fred Ortiz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5614333

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-44-922

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

633 E Ray Rd Unit 131, 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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