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    502 Ter Ave Gilbert, AZ 85234-2434
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    Property profile & analytics

    502 Ter Ave, Gilbert, AZ 85234-2434

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    • Assisted living facilities
    • 4,083 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Mar 2, 2021
    $800,000
    Property ID
    US07-1465925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 502 Ter Ave

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.27 lot acres
    Zone code
    SF-10
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    304-95-439
    APU
    30495439

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 2, 2021 $800,000 Arlon Investments LLC Fomberto Munteanu Special Warranty Deed —
    Dec 26, 2019 — Fomberto Munteanu Fomberto Munteanu Quit Claim Deed · related —
    Jan 31, 2019 $385,000 Fomberto Munteanu Niculae Tudor Warranty Deed $366k · American Financial Network INC
    Dec 10, 2015 — Tudor Niculae Niculae,tudor Quit Claim Deed · related —
    Dec 7, 2015 — Niculae Tudor Maria Niculae Intrafamily Transfer · related $282k · United Wholesale Mortgage
    Jun 8, 2004 $300,000 Tudor Niculae Ventura,erlinda Grant Deed $240k · American Mortgage Express Fina
    Oct 16, 1998 $193,000 Erlinda P Ventura Watson,barbara J Grant Deed $154k · Washington Mutual Fsb
    Jul 25, 1994 — Barbara J Watson Watson Quit Claim Deed · related —
    Jun 11, 1987 $35,000 Gregory Watson Weste Grant Deed —
    — — Erlinda P Ventura — Deed Of Trust · related $39k · Republic Financial Corp
    — — Gregory R Watson — Deed Of Trust · related $134k · Molton Allen & Williams Ltd
    — — Erlinda P Ventura — Deed Of Trust · related $176k · Bank Of America
    — — Erlinda P Ventura — Deed Of Trust · related $22k · Bank Of America
    — — Tudor Niculae — Deed Of Trust · related $60k · American Mortgage Express Fina
    — — Gregory R Watson — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $665,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $707,000
      Market price range: $599k - $1.34M
      AI Estimate
      $701,000
      Market price range: $592k - $1.35M
    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $965,000
      Current use
      MEDICAL BUILDING
      $1,045,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $885,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.78
    Latitude
    33.378
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,219
    $0.00
    $0.00
    $64,080
    -
    $128,100
    $512,700
    $640,800
    More about this property
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