NOT LISTED FOR SALE

777 W Ray Rd Gilbert, AZ 85233

Southwest Gilbert Neighborhood

Estimated Value: $5,749,841

Studio
-- Bath
2,046 Sq Ft
$2,810/Sq Ft Est. Value

Last Sold March 10, 2014

Last sale price $925,000 $452 Per Sq Ft

Est. 522% increase in value since last sale

Current estimated payment $31,030/month

320 Days on Market

Highlights

  • 1 Acre Lot
  • Ceramic Tile Flooring
  • Heating Available
  • Chandler Traditional Academy - Liberty Campus Rated A
  • Central Air

About This Home

As of March 2014

PRICE REDUCED..MOTIVATED SELLER WILL CONSIDER ALL OFFERS. SHELL GAS STATION ON HARD CORNER OF RAY & COOPER. SALE PRICE INCULDES CONVENIENCE STORE, GAS STATION AND REAL PROPERTY. BOTH ROADS RAY & COOPER HAS BUSY TRAFFIC. BUTIFULLY LANDSCAPED AND WELL MAINTAINED PROPERTY. SELLS BEER & WINE, GROCERY,COFFEE, SOFT DRINKS, LOTO, CIGRETES AND RELATED ITEMS. JUST ADDED PROPANE.

Last Agent to Sell the Property

Paul Arora

Denholm Premier Real Estate License #SA559693000 Listed on: 02/05/2013

Last Buyer's Agent

Paul Arora

Allison James Estates & Homes License #SA559693000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,486

Year Built

  • Built in 2000

Lot Details

  • 1 Acre Lot
  • Block Wall Fence
  • Property is zoned C2

Home Design

  • 2,046 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 302-83-950

Community Details

Overview

  • 2,044 Buildings

Building Details

  • Operating Expense $16,486
  • Gross Income $271,000

Property Details

Property Type

Other

Est. Annual Taxes

$16,486

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: RAY RD & COOPER RD
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 2044
  • Ownership: Fee Simple
  • Year Built: 2000
  • Tax Year: 2012
  • Lot Size Acres: 1.0
  • Road Surface Type: Asphalt
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Living Area: 2046.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes

Utilities

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

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 302-83-950
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 271000.0
  • Annual Operating Expense: 16486.0

Tax Info

  • Tax Annual Amount: 16486.0
  • Tax Book Number: 302.00
  • Tax Lot: 5
  • Tax Map Number: 83.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Kb Gilbert Propco 777 Llc
Bought by
Lanwin 120 Windsor
Current Estimated Value
$5,749,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,548,223
Outstanding Balance
$3,465,856
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$2,325,931

Purchase Details

Closed on
May 15, 2023
Sold by
Lv Petroleum Llc
Bought by
Kb Gilbert 777 Propco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,800,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2023
Sold by
Punjab Llc
Bought by
Lv Petroleum Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,995,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2013
Closed on
Mar 14, 2014
Sold by
Pmh Friends Gas Llc
Bought by
Punjab Llc
Seller's Agent
Paul Arora
Denholm Premier Real Estate
Buyer's Agent
Paul Arora
Denholm Premier Real Estate
List Price
$1,195,000
Sold Price
$925,000
Premium/Discount to List
-$270,000
-22.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.73%
Original Mortgage
$756,000
Interest Rate
4.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2011
Sold by
Francis & Sons Ii Llc
Bought by
Pmh Friends Gas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
4.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 6, 2011
Sold by
F & S Management I Llc
Bought by
Francis & Sons Ii Llc

Purchase Details

Closed on
May 13, 2009
Sold by
Francis & Sons Ii Llc
Bought by
F & S Management I Llc

Purchase Details

Closed on
Dec 27, 2007
Sold by
Acc Retail Associates Llc
Bought by
Francis & Sons Ii Llc

Purchase Details

Closed on
Jul 26, 2007
Sold by
Abs Sw Owner Llc
Bought by
Acc Retail Associates Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Albertsons Llc
Bought by
Abs Sw Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,927,970
Interest Rate
6.57%
Mortgage Type
Loan Amount Between One & Nine Billion
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lanwin 120 Windsor $5,800,000 First American Title Insurance
Kb Gilbert 777 Propco Llc $4,327,545 First American Title Insurance
Lv Petroleum Llc $2,300,000 First American Title Insurance
Punjab Llc $925,000 American Title Service Agenc
Pmh Friends Gas Llc $870,000 American Title Service Agenc
Francis & Sons Ii Llc -- None Available
F & S Management I Llc -- Driggs Title Agency Inc
Francis & Sons Ii Llc $1,700,000 Fidelity National Title Ins
Acc Retail Associates Llc $6,092,700 First American Title
Abs Sw Owner Llc $6,200,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanwin 120 Windsor $3,548,223
Previous Owner Kb Gilbert 777 Propco Llc $3,800,000
Previous Owner Lv Petroleum Llc $5,995,000
Previous Owner Punjab Llc $756,000
Previous Owner Pmh Friends Gas Llc $670,000
Previous Owner Abs Sw Owner Llc $168,927,970
Closed F & S Management I Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2014 03/10/14 Sold $925,000 -22.6% $452 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
02/02/2013 02/02/13 For Sale $1,195,000 -- $584 / 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 $15,149 $163,796 -- --
2024 $15,528 $160,871 -- --
2023 $15,528 $248,370 $199,563 $48,807
2022 $15,482 $243,793 $197,540 $46,253
2021 $16,366 $252,090 $203,184 $48,906
2020 $16,273 $241,020 $190,386 $50,634
2019 $15,693 $218,808 $168,426 $50,382
2018 $15,235 $142,938 $91,728 $51,210
2017 $14,358 $134,298 $84,924 $49,374
2016 $13,886 $118,782 $72,126 $46,656
2015 $14,302 $121,749 $83,546 $38,203
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Paul Arora

    Denholm Premier Real Estate

    (602) 430-3263

    2 Total Sales

    Paul Arora
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4885381

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-83-950

Arizona Maricopa County Gilbert 85233 Southwest Gilbert

777 W Ray Rd, 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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