$2,200,000
Gilbert, AZ 85296
MLS# 6545754
Status: Closed
3 beds | 2.5 baths | 1456 sqft
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Property Description
AMAZING AND RARE INVESTMENT OPPORTUNITY in the HEART of GILBERT! Surrounded by city amenities and breathtaking mountain views, the land can be subdivided into 4, 1+ acre lots or left as is to build your dream estate and horse stables. With NO HOA, and residential zoning, the space is yours to develop as you desire. Located just minutes from downtown Gilbert and the San Tan Mall, Main Event, Top Golf -- PLUS all of the outdoor dining and shopping experiences the San Tan Village community offers! Tenants are currently in place until March 2026.
Details
Contract Information
Sold Price: $2,200,000
Status: Closed
Current Price: $2,200,000
List Date: 2023-04-18
Type: Exclusive Right To Sell
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: T40
House Number: 527
Compass: E
Street Name: Ray
St Suffix: Road
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85296
Country: US
County Code: Maricopa
Assessor Number: 304-43-097-B
Subdivision: Tierra Madre
Tax Year: 2022
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Total Bathrooms: 2.5
Approx SQFT: 1456
Price/SqFt: 1510.99
Horses: Y
Builder Name: Unknown
Year Built: 1972
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 179613
Approx Lot Acres: 4.123
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Elementary School: Ashland Elementary
Jr. High School: South Valley Jr. High
High School: Mesquite High School
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 2
Carport Spaces: 2
Total Covered Spaces: 4
Sold Info
Loan Type: Conventional
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 50000
Seller Concession $/%: $
Remarks Misc
Cross Street: Lindsay & Ray Rd
Directions: West on Ray to the property. The property is on the south side of Ray.
Geo Lat: 33.320238
Geo Lon: -111.779176
Status Change Info
Off Market Date: 2023-09-28
Under Contract Date: 2023-06-01
Close of Escrow Date: 2023-09-28
Sold Price: $2,200,000
Legal Info
Lot Number: 21
Property Features
Special Listing Cond: N/A
Architecture: Ranch
Master Bathroom: 3/4 Bath Master Bdrm
Spa: None
Dining Area: Dining in FR
Kitchen Features: Disposal; Laminate Counters
Laundry: Washer Hookup
Interior Features: Fix-Up Needs Repair
Construction: Block
Const - Finish: Painted
Roofing: Composition; Built-Up
Cooling: Evaporative Cooling
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Septic Tank
Services: City Services
Fencing: Wire; Partial
Landscaping: Natural Desert Front; Natural Desert Back; Irrigation Front; Irrigation Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; FHA; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail
Listing Office: Realty ONE Group
Office Phone: 480-321-8100
Office Email: [email protected]
Last Updated: May - 04 - 2025
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