$10,540,000
Gilbert, AZ 85234
MLS# 5908058
Status: Closed
1 / 10
Property Description
42 spacious 3 bedroom/2 bathroom units located in the heart of Downtown Gilbert. Walking distance from local restaurants, unique shops, scenic parks, and cultural attractions, The Tides at Downtown Gilbert is rooted in a pedestrian-friendly area within the vibrant community of Gilbert's Heritage District, offering an urban, downtown experience. Built in 2005 it features a newly remodeled design with electric stainless-steel appliances, modern white cabinetry, vinyl flooring, quartz countertops, tile back-splash, and LED lighted ceiling fans. The property provides covered parking and a community-style lush grass courtyard with beautiful brand new pool, covered community seating, and two gas grills. Each unit is individually metered for electricity, HVAC, and water with laundry in-suite.
Details
Documents
Contract Info
Ownership: Fee Simple
Current Price: $10,540,000
Sold Price: $10,540,000
Status: Closed
List Date: 2019-04-07
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): TRACT CE VAUGHN MANOR CONDOMINIUM AMD MCR 076126
Assessor's Parcel #: 377
Add'l Parcels: No
Tax Municipality: Gilbert
Census Tract: 422402
Taxes: 26319
Legal: TRACT CE VAUGHN MANOR CONDOMINIUM AMD MCR 076126
Marketing Name: THE TIDES
Map Code/Grid: S40
House Number: 36
Compass: E
Street Name: VAUGHN
St Suffix: Avenue
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 5755
County Code: Maricopa
Subdivision: VAUGHN MANOR CONDOMINIUM AMD
Assessor Number: 304-11-377
Tax Year: 2018
General Property Description
# of Buildings: 10
Uncvrd Parking Spcs: 42
Lot Size Dimensions: 2.269 acres / 98,823 sqft
Total # of Units: 42
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Gilbert Elementary School
Jr. High School: Gilbert Junior High School
High School: Gilbert Junior High School
Year Built: 2005
Zoning: MF/L
Legal Info
Range: 6E
Section: 7
Township: 1S
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Siding: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 26319
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 11298000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Interior Features
Partially Furnished: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
APS: 1
Gas
City Gas: 1
Owner Pays
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 42
Avg Rent: 1576
Avg SqFt: 1147
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Closing Cost Split: Seller Paid - S
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: N Gilbert Rd & E Guadalupe Rd
Directions: Head south on N Gilbert Rd, Turn left onto E Vaughn Ave, Turn left. Property will be on the right.
Geo Lat: 33.356727
Geo Lon: -111.787517
Status Change Info
Off Market Date: 2019-06-10
Under Contract Date: 2019-06-10
Close of Escrow Date: 2019-08-31
Sold Price: $10,540,000
Property Features
Project Type: 25 - 50 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco; Siding
Roofing: Tile
Floors: Vinyl
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced
Interior Features: Partially Furnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: City Gas
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Assigned
Road Surface Type: Asphalt
Owner Pays: Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Marketing Flyer 
Listing Office: ABI Multifamily
Last Updated: February - 17 - 2023
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