NOT LISTED FOR SALE

797 E Ray Rd Gilbert, AZ 85296

Southwest Gilbert Neighborhood
Studio
-- Bath
4,520 Sq Ft
1.07 Acres Lot

Sale Details

Date Sold: November 9, 2016

Last sale price $1,200 $0 Per Sq Ft

66 Days on Market

Highlights

  • 1.07 Acre Lot
  • Concrete Flooring
  • Partially Fenced Property
  • Ashland Elementary School Rated A

About This Home

As of November 2016

Turn-key cafe ready for your business! Enjoy high traffic location inside Shell station convenience store and U-Haul. This U-haul is one of the busiest in the state. Ample counter space, display case, kiosk for additional product placement and bistro tables & chairs. Sell sandwiches, smoothies, hot dogs & mexican food, you name it! Soda fountain will remain with the C-store. Coffee counter may be be included in sales. Great location for donuts, coffee, sandwiches, de;i, taco/burrito bar, etc. Equipment included. See attached equipment list in documents. Ready for your business now; get up & running without the headache of building a location. Have your business within a thriving business location; full service lease.

Last Agent to Sell the Property

Jon Hammond

Keller Williams Integrity First License #SA555889000 Listed on: 09/01/2016

Keller Williams Integrity First

Last Buyer's Agent

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000

Property Details

Property Type

  • Other

Year Built

  • Built in 2000

Lot Details

  • 1.07 Acre Lot
  • Partially Fenced Property
  • Property is zoned C-C

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Heat Pump System
  • Master Meter
  • 220 Volts
  • Master Water Meter

Community Details

  • Osco Mobil Center Subdivision

Listing and Financial Details

  • Property Available on 9/1/16
  • Tax Lot 2
  • Assessor Parcel Number 304-43-268

Property Details

Property Type

Other

Year Built

Built in 2000

Lot Details

1.07 Acres

Listing Details

  • Cross Street: Ray Rd & Lindsay
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: C-C
  • Current Use: Retail
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 14400.0
  • Lease Info Annual Lse Prc P S F: 13.09
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 2-5
  • Lease Info Space Divisible: No
  • Year Built: 2000
  • Tax Year: 2015
  • Lot Size Acres: 1.07
  • Road Surface Type: Asphalt
  • Subdivision Name: OSCO MOBIL CENTER
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP, Master Meter, 220 Volts
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water Source: City Franchise, Master Meter
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes

Lot Info

  • Lot Size Sq Ft: 46435.0
  • Additional Parcels: No
  • Parcel #: 304-43-268
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2016-09-01

Multi Family

  • Leasable Area: 1200.0

Tax Info

  • Tax Annual Amount: 14480.0
  • Tax Book Number: 304.00
  • Tax Lot: 2
  • Tax Map Number: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
Rajirejo Land Llc
Bought by
Mehtas Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,611,821
Interest Rate
2.9%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Jan 7, 2020
Sold by
Mistry Darayus B and Mistry Lily D
Bought by
Rajirejo Land Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,249,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2008
Sold by
Bbc Llc
Bought by
Mistry Darayus B and Mistry Lily D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2000
Sold by
Cwa Llc
Bought by
Bbc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$821,500
Interest Rate
8.22%
Mortgage Type
Construction
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mehtas Estates Llc $1,600,000 Empire West Title Agency Llc
Rajirejo Land Llc $1,530,000 First American Title
Mistry Darayus B $1,000,000 Landamerica Title Agency
Bbc Llc -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehtas Estates Llc $1,800,000
Previous Owner Rajirejo Land Llc $1,249,000
Previous Owner Mistry Darayus B $200,000
Previous Owner Bbc Llc $821,500
Closed Bbc Llc $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2016 11/09/16 Sold $1,200 0.0% $0 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $1,200 -- $0 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $15,978 $175,974 -- --
2024 $16,435 $172,832 -- --
2023 $16,435 $285,124 $197,336 $87,788
2022 $16,453 $217,631 $134,138 $83,493
2021 $17,504 $225,576 $137,970 $87,606
2020 $17,245 $205,020 $114,786 $90,234
2019 $16,021 $192,366 $102,852 $89,514
2018 $15,580 $174,726 $84,564 $90,162
2017 $15,069 $176,976 $78,300 $98,676
2016 $15,450 $175,338 $82,422 $92,916
2015 $14,480 $124,913 $60,144 $64,769
Source: Public Records

Agents Affiliated with this Home

  • Jon Hammond

    Seller's Agent in 2016

    Jon Hammond

    Keller Williams Integrity First

    (480) 444-7200

    7 Total Sales

    Jon Hammond
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5491769

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-43-268

Arizona Maricopa County Gilbert 85295 Southwest Gilbert

797 E Ray Rd, Gilbert, AZ

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.