3374 E HOUSTON Avenue -, Gilbert, AZ 85234 - MLS #6623046

images$2,700,000 images******** Beds

images******** Bath images212,283 sqft images********

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Description

OPPORTUNITY KNOCKS!!! CREATE YOUR OWN FAMILY COMPOUND!!! This Developer Dream Project (just under) 5-Acre, Gilbert, AZ property is PRICE REDUCED!!! The majority of this irrigated land is covered with 152 (mostly) Citrus Trees, with a 4552sf Custom Built Home (with Basement) included in the asking price. The REAL opportunity presents itself in the Current Zoning SF10, allowing a minimum of 10,000sf HORSE PROPERTY lots to be developed on the property. LOCATION! LOCATION! LOCATION! Just minutes to 2 freeways (East US60 & Loop 202) and walking distance to Shopping, Restaurants, & Services + Gilbert Gateway Hospital, AND the amazing Carol Rae Elementary School, and so much more! NO HOA!! Check out the beautiful aerial photos.

Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Residential Acreage; Other (See Rmks)
Zoned Presently: Single Family; Other (See Rmks)
Potential Use: Single Family; P.A.D.
Parcel Size: 2.50 - 4.99 Acres
Current Density: Other (See Rmks)
Proposed Density: Other (See Rmks)
Development Status: On Site Imp Needed; Prelim Eng Needed; See Remarks
Land Features: Gated Community; East/West Exposure; See Remarks
Vegetation: Treed; Orchrd/Grve/Vineyrd
Land Configuration: Irregular Shape
Road Responsibility: City Maintained Road
Traffic Count: Other (See Rmks)
Existing Structures: Shed(s); Residence
Water Source: Domestic Well; Water Rights Grandfathered; Irrigation Ditch(es) -- Lined
Sewer: Septic Tank
Electric: SRP
Gas: None
Distance to Cable: None
Distance to Phone: On Property
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: None
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange
Seller May Carry (SMC) Payment: Other (See Rmks)
Environmental: None
Horse Features: See Remarks
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Fencing: Block; Chain Link
Contract Information
Current Price: $2,700,000
Sold Price: $2,700,000
Status: Closed
List Date: 2023-10-02
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 3374
Compass: E
Street Name: HOUSTON
St Suffix: Avenue
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2180
County Code: Maricopa
Assessor Number: 304-07-011-F
Subdivision: Metes and Bounds - No Subdiv
Tax Year: 2023
General Property Description
Apx Total Acres: 4.87
Apx Total Acres G/N: N
Price Per Acre: 738193.02
Apx SqFt: 212283
Price Per SqFt: 16.93
Apx SqFt G/N: N
Horses: Y
Zoning: SF10
Flood Zone: No
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Carol Rae Ranch Elementary
Jr. High School: Highland Jr High School
High School: Highland High School
Remarks Misc
Cross Street: Houston & Higley Rd.
Directions: From the US60 & Higley Rd. drive South past Baseline Rd. 1/4 mile to E. Houston Ave. Turn East 1 block to the E. side of Bella Vista Subdivision - to the driveway @the JK Realty Sign, North side
Geo Lat: 33.373356
Geo Lon: -111.718221
Status Change Info
Off Market Date: 2024-08-29
Under Contract Date: 2024-08-29
Close of Escrow Date: 2024-09-27
Sold Price: $2,700,000
Legal Info
Township: 1S
Range: 6E
Section: 2
Lot Number: -
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Carryback
Loan Years: 12
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession $/%: $
Seller Concession to Buyer: 43000
Seller Concession $/%: $