527 E Ray Road, Gilbert, AZ 85296
$2,200,000
Property Type:
Residential
Bedrooms:
3
Baths:
2.5
Square Footage:
1,456
Lot Size (sq. ft.):
179,613
Status:
Closed
Current Price:
$2,200,000
Last Modified:
5/04/2025
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.
More Information MLS# 6545754
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Sold Price: $2,200,000
Status: Closed
Current Price: $2,200,000
List Date: 2023-04-18
Location, Tax & Legal
Assessor's Map #: 43
Assessor's Parcel #: 97
Assessor Parcel Ltr: B
Tax Municipality: Maricopa - COUNTY
Taxes: 2424
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
County Code: Maricopa
Assessor Number: 304-43-097-B
Subdivision: Tierra Madre
Tax Year: 2022
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 2
Half Bathrooms: 1
Approx SQFT: 1456
Price/SqFt: 1510.99
Approx Lot SqFt: 179613
Approx Lot Acres: 4.123
Horses: Y
Builder Name: Unknown
Lead Based Hazard Disclosure: Yes
Elementary School: Ashland Elementary
Jr. High School: South Valley Jr. High
High School: Mesquite High School
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 3
Total Bathrooms: 2.5
Year Built: 1972
Special Listing Cond
N/A: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Built-Up: 1
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Architecture
Ranch: 1
Master Bathroom
3/4 Bath Master Bdrm: 1
Dining Area
Dining in FR: 1
Heating
Electric: 1
Kitchen Features
Disposal: 1
Laminate Counters: 1
Cooling
Evaporative Cooling: 1
Interior Features
Fix-Up Needs Repair: 1
Laundry
Washer Hookup: 1
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Fencing
Wire: 1
Partial: 1
Water Source
City Water: 1
Spa
None: 1
Sewer
Septic Tank: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 4
Garage Spaces: 2
Carport Spaces: 2
New Financing
Cash: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Landscaping
Natural Desert Front: 1
Natural Desert Back: 1
Irrigation Front: 1
Irrigation Back: 1
Services
City Services: 1
Disclosures
Seller Discl Avail: 1
Possession
Close of Escrow: 1
Association Fee Incl
No Fees: 1
Assoc Rules/Info
None: 1
Sold Info
Loan Type: Conventional
Closing Cost Split: Seller Assist - A
Buyer Concession to Seller: 0
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
Last Updated: May - 04 - 2025
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