NOT LISTED FOR SALE

81 S Mcqueen Rd Unit 103 Gilbert, AZ 85233

The Islands Neighborhood

Estimated Value: $2,014,534

-- Bed
-- Bath
10,680 Sq Ft
$189/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $1,681 $0 Per Sq Ft

Est. 119,741% increase in value since last sale

Current estimated payment $12,549/month

34 Days on Market

Highlights

  • 1.21 Acre Lot
  • Community Kitchen
  • Carpet
  • Islands Elementary School Rated A-
  • Central Air
  • Heat Pump System

About This Home

As of August 2023

Fully built out office with two large offices and open reception/bull pen area. Storage room, copy room, break room/kitchen, 1 bathroom. Conveniently located in Gilbert. Currently designed as Allstate sales office. NNN's are $6.00 SF. This is an additional $561 per month on top of base rent for tenant's proportionate share of common area expenses.

Last Agent to Sell the Property

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000 Listed on: 07/13/2023

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2003

Lot Details

  • 1.21 Acre Lot
  • Property is zoned SC

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Property Available on 9/1/23
  • Tenant pays for trash collection, electricity, water, sewer, contents insurance, glass insurance, liability insurance, janitorial service, common area maintenance, taxes
  • The owner pays for bldg liability ins, fire insurance-bldg
  • Tax Lot 6
  • Assessor Parcel Number 302-35-363

Community Details

Overview

  • Oasis At The Islands Lot 1 Replat Subdivision

Amenities

  • Community Kitchen
  • Meeting Room

Property Details

Property Type

Other

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: McQueen and Elliot
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: SC
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 6.0
  • Lease Info Annual Lease Price: 17936.0
  • Lease Info Annual Lse Prc P S F: 16.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: Ground
  • Lease Info Suite Size Avail Max: 1121
  • Year Built: 2003
  • Tax Year: 2022
  • Directions: S of SEC of McQueen and Elliot
  • Lot Size Acres: 1.21
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: OASIS AT THE ISLANDS LOT 1 REPLAT
  • Structure Type: Commercial, Office
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: 220 Volts, SRP
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Conference Room, Kitchen
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 52701.0
  • Additional Parcels: No
  • Parcel #: 302-35-363
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-09-01

Multi Family

  • Owner Pays: None, Bldg Liability Ins, Fire Insurance-Bldg
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Contents Insurance, Glass Insurance, Liability Insurance, Janitorial Service, Common Area Maintenance, Taxes
  • Existing Lease Type: NNN
  • Leasable Area: 1121.0

Tax Info

  • Tax Annual Amount: 23119.0
  • Tax Book Number: 302.00
  • Tax Lot: 6
  • Tax Map Number: 35.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2022
Sold by
Ls Legacy 4 Llc
Bought by
3811 Associates
Total Days on Market
34
Current Estimated Value
$2,014,534

Purchase Details

Closed on
Dec 1, 2020
Sold by
Pinheiro Brothers Property Llc
Bought by
L S Legacy 4 L L C

Purchase Details

Closed on
Aug 5, 2005
Sold by
Comeragh Llc Arizona Series
Bought by
Pinheiro Brothers Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2004
Sold by
The Patrick Power & Mary Power Revocable
Bought by
Comeragh Llc

Purchase Details

Closed on
Dec 5, 2003
Sold by
Mcelliot Llc
Bought by
Power Patrick and Power Mary
Source: Public Records

Range of Values:

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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
3811 Associates $2,200,000 Thomas Title & Escrow Llc
L S Legacy 4 L L C $800,000 Chicago Title Agency Inc
Pinheiro Brothers Properties Llc $3,375,000 --
Comeragh Llc -- --
Power Patrick $2,947,500 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pinheiro Brothers Properties Llc $600,000
Closed 3811 Associates $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $1,681 -0.1% $0 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $1,682 -- $0 / 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 $22,298 $247,267 -- --
2024 $23,093 $242,852 -- --
2023 $23,093 $358,309 $112,047 $246,262
2022 $23,119 $395,535 $166,355 $229,180
2021 $24,595 $403,200 $171,108 $232,092
2020 $24,232 $393,120 $160,812 $232,308
2019 $22,512 $363,510 $141,048 $222,462
2018 $21,892 $255,168 $109,908 $145,260
2017 $21,174 $188,280 $67,568 $120,712
2016 $22,795 $188,280 $67,568 $120,712
2015 $21,973 $193,344 $63,659 $129,685
Source: Public Records

Agents Affiliated with this Home

  • Jon Hammond

    Seller's Agent in 2023

    Jon Hammond

    Keller Williams Realty Sonoran Living

    (480) 444-7200

    3 in this area

    26 Total Sales

    Jon Hammond
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6579817

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-363

Arizona Maricopa County Gilbert 85233 The Islands

81 S Mcqueen Rd Unit 103, Gilbert, AZ

This home is located at 81 S Mcqueen Rd Unit 103, Gilbert, AZ 85233 since 13 July 2023 and is currently estimated at $2,014,534, approximately $188 per square foot. This property was built in 2003. 81 S Mcqueen Rd Unit 103 is a home located in Maricopa County with nearby schools including Islands Elementary School, Mesquite High School, and Mesquite Junior High School.

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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