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1031 East Buffalo Street

1031 East Buffalo Street, Gilbert, AZ 85295
Property in Maricopa
Sold Jul 26, 2022
$805,000
$355,000 by Nova Financial & Investment Co
Mortgage Due Aug 01, 2052
Sold Sep 29, 2017
$459,995
$275,997 by Ditech Financial Llc
Mortgage Due Oct 01, 2047
1031 East Buffalo Street has been categorized by the local assessors in Gilbert, AZ as a residential type of property. The building on the property was first built in 2017 and is 7 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1031 East Buffalo Street has 2,549 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,400 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of concrete. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1031 East Buffalo Street sold most recently in Jul 14, 2022 for a total of $805,000. If you work out the math, that's approximately a cost of $315.81 per sqft. Before that, the property was also sold for $459,995 in Sep 27, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,577 in taxes each year. 1031 East Buffalo Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $59,300. If we break it down further, the land itself was valued at $11,860. Improvements to the property, however, were assessed at a total of $47,440. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 8,400
  • Total Building Area: 2,549
  • Gross Building Area: 2,549
  • Building Area: 2,549
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,549
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ESTATES AT VELVENDO PHASE 2
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Pipeline or right-of-way
  • Legal Description 1: ESTATES AT VELVENDO PHASE 2 MCR 1161-14

Ownership

  • Current Owner : ZHU YANYAN
  • Current Owner 2: YE TINGJUN
  • Previous Owner : LINWEN HUANG
  • Owner Before Previous Owner: MERITAGE HOMES OF ARIZONA INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 815402

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: MB 116114
  • Subdivision Phase Number: 2
  • Parcel: 304-86-722
  • Lot: 20
  • Meridian: SEC 32 TWN 1S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.305
  • Longitude: -111.768

    Address

  • Full Address: 1031 E Buffalo St
  • Address - House Number: 1031
  • Street Direction: E
  • Address - Street Name: Buffalo
  • Address - Suffix Type: St
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R085
  • 4-Digit Zip Code: 1133
  • Zip Code: 85295

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,577
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1297
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 823,635
  • High Value: 930,460
  • Low Value: 716,809

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $355,000
  • First Open Lien Mortgage Lender: NOVA FINANCIAL & INVESTMENT CO
  • First Open Lien Mortgage Recording Date: Jul 26, 2022
  • First Open Lien Mortgage Loan Amount: $355,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $593,000
  • Market Land Value: $118,600
  • Market Improvement Value: $474,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,300
  • Assessed Land Value: $11,860
  • Assessed Improvements Value: $47,440

    Sales

  • Current Sale Contract Date: Jul 14, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Transaction ID: 11892634635
  • Current Sale Price: $805,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 598445
  • Previous Sale Recording Date: Sep 29, 2017
  • Previous Sale Contract Date: Sep 27, 2017
  • Previous Sale Amount: $459,995
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOVA FINANCIAL & INVESTMENT CO
  • First Mortgage Transaction Date: Jul 26, 2022
  • First Mortgage Loan Amount: $355,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: DITECH FINANCIAL LLC
  • Previous Mortgage Transaction Date: Sep 29, 2017
  • Previous Mortgage Loan Amount: $275,997
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2047

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Frequently Asked Questions

What neighborhood is 1031 East Buffalo Street located in?
The 1031 East Buffalo Street is a located in the neighborhood of Maricopa in Gilbert, Gilbert.
What is the average sales price for listings in 1031 East Buffalo Street?
The average sales price for units in 1031 East Buffalo Street is $0 currently.

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