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.
Sold for $2,200,000 on 09/28/23
$2,200,000
527 E Ray Rd, Gilbert, AZ 85296
3beds
3baths
1,456sqft
Single Family Residence
Built in 1972
4.12 Acres Lot
$1,251,700 Zestimate®
$1,511/sqft
$2,374 Estimated rent
Home value
$1,251,700
$1.06M - $1.51M
$2,374/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 03, 2025 at 07:01pm
Listed by:
Lindsay A Mozena 480-266-7656,
Realty ONE Group,
Connor David 480-534-0882,
Realty ONE Group
Bought with:
Dominick Montano, SA686400000
HomeSmart
Source: ARMLS,MLS#: 6545754
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Electric
Cooling
- Evaporative Cooling
Features
- 3/4 Bath Master Bdrm, Laminate Counters
- Has basement: No
Interior area
- Total structure area: 1,456
- Total interior livable area: 1,456 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Carport
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Stories: 1
- Pool features: None
- Spa features: None
- Fencing: Partial,Wire
Lot
- Size: 4.12 Acres
- Features: Natural Desert Back, Natural Desert Front, Irrigation Front, Irrigation Back
Details
- Parcel number: 30443097B
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Painted, Block
- Roof: Composition,Built-Up
Condition
- Fixer
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: City Water
Community & neighborhood
Location
- Region: Gilbert
- Subdivision: Tierra Madre
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2023 | Sold | $2,200,000-20%$1,511/sqft |
Source:  ARMLS #6545754 | ||
| 4/19/2023 | Listed for sale | $2,750,000$1,889/sqft |
Source: ARMLS #6545754 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,466 -0.5% | $70,620 +174.6% |
| 2023 | $2,479 +2.3% | $25,717 -40.4% |
| 2022 | $2,424 -1.9% | $43,160 +20.8% |
Find assessor info on the county website
Neighborhood: Tierra Madre
Nearby schools
GreatSchools rating
- 7/10Ashland Elementary SchoolGrades: PK-6Distance: 1 mi
- 8/10South Valley Jr. High SchoolGrades: 7-8Distance: 0.6 mi
- 8/10Campo Verde High SchoolGrades: 8-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Ashland Elementary
- Middle: South Valley Jr. High
- High: Mesquite High School
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,251,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,251,700