527 E Ray Road Gilbert, 85296

Bedrooms:
3
Bathrooms:
3
Square Feet:
1,456 sqft
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Title
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Virtual Tour of 527 E Ray Road , Gilbert 85296

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.

General Information

Price:
$2,200,000
Status:
Closed
Listing Updated:
12/27/2023
List Date:
4/18/2023
Close Date
2023-09-28
Square Feet:
1,456
Bedrooms:
3
Bathrooms:
3
Garage Spaces:
2.00
Year Built:
1972
Builder Name:
Unknown
Subdivision:
Tierra Madre
City:
Gilbert
Zip:
85296
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$2,424
Tax Year:
2022
MLS ID:
6545754
Listing Attribution:
Realty ONE Group
Buyer Agency Compensation:
2.00%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Property Features

Interior Features
3/4 Bath Master Bdrm, Laminate Counters
Exterior Features
Flooring
Laundry
Fireplace Features
1 Fireplace
Cooling
Evaporative Cooling
Heating
Electric
Utilities
Pool
None
Spa
None
Construction Finish
Painted, Block
Roofing
Composition, Built-Up
Water
City Water
Sewage
Septic Tank
Fencing
Partial, Wire

School Information

High School:
Mesquite High School
High School District:
Higley Unified District
Middle School:
South Valley Jr. High
Elementary School:
Ashland Elementary
Elementary School District:
Higley Unified District

Community Information

Subdivision:
Tierra Madre

Lot Information

Lot Size (sq feet):
179,613
Lot Features:
Natural Desert Back, Natural Desert Front, Irrigation Front, Irrigation Back
Fencing:
Partial, Wire

Location Information

Directions:
West on Ray to the property. The property is on the south side of Ray.
Cross Street:
Lindsay & Ray Rd
Map:
View on Map

Current Market Comparison

Subject
Subject
Active
Active
closed
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles

Subject Property

527 E Ray Road Gilbert AZ 85296

Property Type:
Single Family - Detached
Bedrooms:
3
Bathrooms:
3
Interior SqFt:
1456
Interior Stories:
1
Year Built:
1972

121 Closed Properties

Address
Distance/Miles
Closed Price
Details
1.07 Miles
$875,000
1.96 Miles
$520,000
1.65 Miles
$540,000
1.7 Miles
$590,000
0.67 Miles
$545,000
1 Miles
$730,000
1.84 Miles
$510,000
1.73 Miles
$540,000
1.35 Miles
$540,000
0.44 Miles
$679,000
1.75 Miles
$559,000
1.45 Miles
$471,000
1.25 Miles
$935,000
0.51 Miles
$676,000
1.01 Miles
$660,000
1.31 Miles
$466,000
1.47 Miles
$630,000
1.56 Miles
$550,000
1.33 Miles
$570,000
1.78 Miles
$620,000
0.23 Miles
$610,000
1.47 Miles
$502,000
0.81 Miles
$480,000
1.58 Miles
$907,500

82 Active Properties

Address
Distance/Miles
Active Price
Details
1.81 Miles
$525,000
1.12 Miles
$589,000
2 Miles
$475,000
0.57 Miles
$519,000
1.61 Miles
$489,000
0.97 Miles
$625,000
1.22 Miles
$529,900
1.49 Miles
$595,000
1.27 Miles
$620,000
1.1 Miles
$450,000
1.88 Miles
$539,999
0.93 Miles
$600,000
1.54 Miles
$3,500,000
1.75 Miles
$730,000
1.79 Miles
$525,000
1.96 Miles
$599,995
1.76 Miles
$680,000
1.46 Miles
$475,000
1.47 Miles
$1,075,000
1.11 Miles
$515,000
1.8 Miles
$529,995
1.54 Miles
$549,000
1.04 Miles
$515,000
0.51 Miles
$575,000