$2,700,000
Gilbert, AZ 85234
MLS# 6623046
Status: Closed
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Property Description
OPPORTUNITY KNOCKS!!! CREATE YOUR OWN FAMILY COMPOUND!!! This Developer Dream Project (just under) 5-Acre, Gilbert, AZ property is PRICE REDUCED!!! The majority of this irrigated land is covered with 152 (mostly) Citrus Trees, with a 4552sf Custom Built Home (with Basement) included in the asking price. The REAL opportunity presents itself in the Current Zoning SF10, allowing a minimum of 10,000sf HORSE PROPERTY lots to be developed on the property. LOCATION! LOCATION! LOCATION! Just minutes to 2 freeways (East US60 & Loop 202) and walking distance to Shopping, Restaurants, & Services + Gilbert Gateway Hospital, AND the amazing Carol Rae Elementary School, and so much more! NO HOA!! Check out the beautiful aerial photos.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $2,700,000
Sold Price: $2,700,000
Status: Closed
List Date: 2023-10-02
Location, Tax & Legal
Lot #: -
Assessor's Map #: 7
Legal Description (Abbrev): PT SW4 NW4 SEC 2 DAF COM SW COR NW4 SD SEC 2 TH E 33F TH N 20F TH E 1001.142F TO TPOB TH N 01D 34M 5
Assessor's Parcel #: 11
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Gilbert
Census Tract: 422621
Taxes: 6584
House Number: 3374
Compass: E
Street Name: HOUSTON
St Suffix: Avenue
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2180
County Code: Maricopa
Assessor Number: 304-07-011-F
Subdivision: Metes and Bounds - No Subdiv
Tax Year: 2023
General Property Description
Apx Total Acres: 4.87
Apx Total Acres G/N: N
Price Per Acre: 738193.02
Apx SqFt: 212283
Price Per SqFt: 16.93
Apx SqFt G/N: N
Lot Size Dimensions: 0
Flood Zone: No
Horses: Y
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Carol Rae Ranch Elementary
Jr. High School: Highland Jr High School
High School: Highland High School
Zoning: SF10
Legal Info
Range: 6E
Section: 2
Township: 1S
Lot Number: -
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 3595000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Existing Land Use
Residential Lot: 1
Residential Acreage: 1
Other (See Rmks): 1
Zoned Presently
Single Family: 1
Other (See Rmks): 1
Potential Use
Single Family: 1
P.A.D.: 1
Parcel Size
2.50 - 4.99 Acres: 1
Current Density
Other (See Rmks): 1
Proposed Density
Other (See Rmks): 1
Development Status
On Site Imp Needed: 1
Prelim Eng Needed: 1
See Remarks: 1
Land Features
Gated Community: 1
East/West Exposure: 1
See Remarks: 1
Vegetation
Treed: 1
Orchrd/Grve/Vineyrd: 1
Land Configuration
Irregular Shape: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
Other (See Rmks): 1
Fencing
Block: 1
Chain Link: 1
Water Source
Domestic Well: 1
Water Rights Grandfathered: 1
Irrigation Ditch(es) -- Lined: 1
Sewer
Septic Tank: 1
Electric
SRP: 1
Gas
None: 1
Existing Structures
Shed(s): 1
Residence: 1
Distance to Cable
None: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Distance to Phone
On Property: 1
Distance to Water
Under 350 Feet: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
Under 350 Feet: 1
Distance to Gas
None: 1
Distance to Sewer
Under 350 Feet: 1
Horse Features
See Remarks: 1
Reports/Disclosures
Water Well Report: 1
Well Disclosure: 1
Environmental
None: 1
Seller May Carry (SMC) Payment
Other (See Rmks): 1
Sold Info
Loan Type: Carryback
Loan Years: 12
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 43000
Seller Concession $/%: $
Remarks Misc
Cross Street: Houston & Higley Rd.
Directions: From the US60 & Higley Rd. drive South past Baseline Rd. 1/4 mile to E. Houston Ave. Turn East 1 block to the E. side of Bella Vista Subdivision - to the driveway @the JK Realty Sign, North side
Geo Lat: 33.373356
Geo Lon: -111.718221
Status Change Info
Off Market Date: 2024-08-29
Under Contract Date: 2024-08-29
Close of Escrow Date: 2024-09-27
Sold Price: $2,700,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Residential Acreage; Other (See Rmks)
Zoned Presently: Single Family; Other (See Rmks)
Potential Use: Single Family; P.A.D.
Parcel Size: 2.50 - 4.99 Acres
Current Density: Other (See Rmks)
Proposed Density: Other (See Rmks)
Development Status: On Site Imp Needed; Prelim Eng Needed; See Remarks
Land Features: Gated Community; East/West Exposure; See Remarks
Vegetation: Treed; Orchrd/Grve/Vineyrd
Land Configuration: Irregular Shape
Road Responsibility: City Maintained Road
Traffic Count: Other (See Rmks)
Existing Structures: Shed(s); Residence
Water Source: Domestic Well; Water Rights Grandfathered; Irrigation Ditch(es) -- Lined
Sewer: Septic Tank
Electric: SRP
Gas: None
Distance to Cable: None
Distance to Phone: On Property
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: None
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange
Seller May Carry (SMC) Payment: Other (See Rmks)
Environmental: None
Horse Features: See Remarks
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Fencing: Block; Chain Link
Listing Office: JK Realty
Last Updated: September - 30 - 2024
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