Heritage District Downtown Gilbert- GOLD MINE Investor Opportunity. 7.5 CAP RATE RENTURN PROFORMA. Month to month tenants. By App Only showings during diligence period. DRIVE BY ONLY. NO SELLER FINANCING
Sold for $595,000
$595,000
38 E ELLIOT Road, Gilbert, AZ 85234
4beds
1baths
1,800sqft
Multi Family
Built in 1960
-- sqft lot
$617,200 Zestimate®
$331/sqft
$2,019 Estimated rent
Home value
$617,200
$549,000 - $697,000
$2,019/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Shamile Botzman 480-578-5787,
Cluff Real Estate LLC
Bought with:
John Kepple, BR562201000
Capital REI
Source: ARMLS,MLS#: 6535868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
Heating
- Individual
Cooling
- Central Air
Appliances
- Included: None
Features
- Flooring: Other
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 4
- Parking features: Other, Carport
- Has carport: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Lot
- Size: 0.57 Acres
- Dimensions: 25000
Details
- Parcel number: 30411184
- Zoning: duplex
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Electric: Other (See Remarks)
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: HAZELWOOD TERRACE
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $331/sqft
- Tax assessed value: $360,100
- Annual tax amount: $602
- Date on market: 7/23/2025
- Cumulative days on market: 204 days
- Listing terms: Other (See Remarks),No Carry,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2023 | Sold | $595,000-5.3%$331/sqft |
Source:  ARMLS #6535868 Report a problem | ||
| 3/25/2023 | Listed for sale | $628,000+47.8%$349/sqft |
Source: ARMLS #6535868 Report a problem | ||
| 10/19/2019 | Listing removed | $425,000$236/sqft |
Source: Lee & Associates #5913283 Report a problem | ||
| 10/18/2019 | Listed for sale | $425,000$236/sqft |
Source: Lee & Associates #5913283 Report a problem | ||
| 9/18/2019 | Pending sale | $425,000$236/sqft |
Source: Lee & Associates #5913283 Report a problem | ||
| 4/18/2019 | Listed for sale | $425,000+804.3%$236/sqft |
Source: Lee & Associates #5913283 Report a problem | ||
| 7/27/2011 | Sold | $47,000+4.7%$26/sqft |
Source: ARMLS #4552317 Report a problem | ||
| 3/15/2011 | Listed for sale | $44,900-34.3%$25/sqft |
Source: Keller Williams Arizona Realty #4552317 Report a problem | ||
| 2/11/2011 | Sold | $68,345+5.1%$38/sqft |
Source: Public Record Report a problem | ||
| 4/22/1998 | Sold | $65,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $636 +3.8% | $36,010 -6% |
| 2024 | $613 -0.5% | $38,300 +499.2% |
| 2023 | $616 +2.3% | $6,392 -72.4% |
| 2022 | $602 -1.9% | $23,170 +7.7% |
| 2021 | $614 +7.6% | $21,510 +0.8% |
| 2020 | $570 +2.8% | $21,330 +78.9% |
| 2019 | $555 | $11,920 +29.8% |
| 2018 | $555 +3.4% | $9,180 +25.2% |
| 2017 | $536 +7% | $7,330 +16.3% |
| 2016 | $501 -0.4% | $6,300 +12.5% |
| 2015 | $504 | $5,600 +35.9% |
| 2014 | -- | $4,120 -6.8% |
| 2013 | -- | $4,420 -28.2% |
| 2012 | -- | $6,160 -18.2% |
| 2011 | -- | $7,530 -21.8% |
| 2010 | -- | $9,630 -43.8% |
| 2009 | -- | $17,150 -6.9% |
| 2008 | -- | $18,430 +11.4% |
| 2007 | -- | $16,550 +58.4% |
| 2006 | -- | $10,450 |
| 2005 | -- | $10,450 +48.2% |
| 2004 | -- | $7,050 |
| 2003 | -- | $7,050 +24.8% |
| 2002 | -- | $5,650 |
Find assessor info on the county website
Neighborhood: 85234
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Nearby schools
GreatSchools rating
- 6/10Burk Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 5/10Mesquite Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Gilbert High SchoolGrades: 7-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Gilbert Unified District
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
$617,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$617,200
- Arizona
- Maricopa County
- Gilbert
- 85234
- 38 E ELLIOT Road
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