$632,000
$39K PRICE DROP

1425 W Elliot Rd Unit 207 Gilbert, AZ 85233

The Islands Neighborhood

Estimated payment $3,527/month

Total Views 9,829
-- Bed
-- Bath
29,792 Sq Ft
$21 Price per Sq Ft

About This Home

* Two Fully Leased Condos For Sale: $1,131,000
* 100% Occupied Offices with counseling tenants
* Two Units Available (Can Be Sold Separately)
* Suite 206: 1,500 SF ($499,000)
* Suite 207: 1,900 SF ($632,000)
* Located within the prestigious Oasis at the Islands in Gilbert, AZ
* Please do not disturb tenants

Listing Agent

Grafton Milne

The Menlo Group Commercial Real Estate License #BR584594000

Property Details

Property Type

  • Other

Year Built

  • Built in 2004

Lot Details

  • 2,354 Sq Ft Lot
  • Property is zoned SC

Home Design

  • 29,792 Sq Ft Home

Parking

  • 50 Open Parking Spaces
  • 75 Parking Spaces
  • 25 Covered Spaces

Community Details

  • Oasis At The Islands Professional Plaza Condo Amd Subdivision
  • Net Operating Income $36,347

Listing and Financial Details

  • Tax Lot A203
  • Assessor Parcel Number 302-35-377

Property Details

Property Type

Other

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Elliot Rd & Island Dr
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: SC
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2004
  • Tax Year: 2022
  • Lot Size Acres: 0.05
  • Subdivision Name: OASIS AT THE ISLANDS PROFESSIONAL PLAZA CONDO AMD
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 29792.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 25.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 75.0
  • General Property Description:Covered Parking Spcs: 25.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 75.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 2354.0
  • Parcel #: 302-35-377
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 36347.0
  • Leasable Area: 3400.0

Tax Info

  • Tax Book Number: 302.00
  • Tax Lot: A203
  • Tax Map Number: 35.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 -- $49,694 -- --
2024 -- $47,328 -- --
2023 $0 $77,250 $15,450 $61,800
2022 $0 $73,080 $12,150 $60,930
2021 $0 $57,915 $11,580 $46,335
2020 $0 $54,990 $10,995 $43,995
2019 $0 $62,208 $12,438 $49,770
2018 $4,693 $53,676 $10,728 $42,948
2017 $4,539 $44,190 $8,838 $35,352
2016 $4,654 $38,916 $7,776 $31,140
2015 $4,362 $41,922 $8,381 $33,541
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Price Changed $632,000 -5.8% $21 / Sq Ft
08/25/2023 08/25/23 For Sale $670,700 -- $23 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $370,000 First Arizona Title Agency L
Warranty Deed $370,000 First Arizona Title Agency
Warranty Deed $238,000 Security Title Agency
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed $396,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,000 No Value Available
Closed $300,000 Future Advance Clause Open End Mortgage
Previous Owner $254,000 Small Business Administration
Previous Owner $551,653 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6596776

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-35-377