This is a BANK OWNED property located in the Tierra Madre subdivision. No HOA. This home sits on two parcels 304-43-084-G and 304-43-084-F. Buyer must purchase both parcels and list price is for both parcels. Zoned R-143. Buyer can call Town of Gilbert with zoning questions. This home is being sold AS-IS. The seller has never occupied the property. Seller may credit buyer up to a maximum 3% of sales price towards closing costs if negotiated in final signed counter offer.
Single-familyProperty Type
1971Year Built
1.03 acresLot Size
$227Est. Price/Sq.Ft.
1 spaceParking
Listed by Jesi Wolnik• Paramount Properties of Arizona LLC
Listed by Benjamin Olson• Paramount Properties of Arizona LLC
THIS HOME IS CONVERTED INTO A GRAPHIC DESIGN STUDIO AND HAS ONLY A HALF BATH, NO KITCHEN, NO CARS GARAGE, BUT CAN BE CONVERTED BACK TO A RESIDENTIAL HOME. THE HOME SITS ON AN IRRIGATED LOT WITH A LOT OF PROTENTIAL.
ARMLS #2757408
Nov 10, 2007
Sold
$479,800
$197/sq ft
Oct 12, 2007
Listing Removed
—
Apr 26, 2007
Listed
$479,800
$197/sq ft
+1
This home WAS a single family house in a county island and has since been annexed into the Town of Gilbert. This home was converted into a graphic design studio and has only a half bath and no kitchen. It sits on an acre irrigated lot and can be converted back to a residential home. Other options are churches, daycares or small businesses. MASSIVE OPPORTUNITIES/ POTENTIAL.
ARMLS #2702977
Apr 27, 2007
Listing Removed
—
Feb 12, 2007
Listed
$617,000
$253/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,795 (+3.8%)
2024
$2,692 (−0.5%)
2023
$2,706 (+2.8%)
2022
$2,632 (−3.3%)
$8,260 + $33,070
$41,330
2021
$2,722 (+1.5%)
$6,950 + $27,800
$34,750
2020
$2,682 (+7.6%)
$7,190 + $28,760
$35,950
2019
$2,491 (+2.8%)
$5,570 + $22,290
$27,860
2018
$2,423 (+3.4%)
$5,570 + $22,290
$27,860
2017
$2,343 (−2.4%)
$5,190 + $20,770
$25,960
2016
$2,402 (+9.6%)
$5,110 + $20,460
$25,570
2015
$2,191 (+7.5%)
$4,840 + $19,390
$24,230
2014
$2,038
$3,530 + $14,140
$17,670
Tax history for 465 E Ray Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,795 (+3.8%)
2024
$2,692 (−0.5%)
2023
$2,706 (+2.8%)
2022
$2,632 (−3.3%)
$8,260 + $33,070
$41,330
2021
$2,722 (+1.5%)
$6,950 + $27,800
$34,750
2020
$2,682 (+7.6%)
$7,190 + $28,760
$35,950
2019
$2,491 (+2.8%)
$5,570 + $22,290
$27,860
2018
$2,423 (+3.4%)
$5,570 + $22,290
$27,860
2017
$2,343 (−2.4%)
$5,190 + $20,770
$25,960
2016
$2,402 (+9.6%)
$5,110 + $20,460
$25,570
2015
$2,191 (+7.5%)
$4,840 + $19,390
$24,230
2014
$2,038
$3,530 + $14,140
$17,670
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
1.03 Acres
Year renovated
—
Sq. Ft.
2,440
Year built
1971
Style
Single Family Residential
County
Maricopa County
APN
30443084H
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 7, 2026.
SF-43
Single Family-43 District
Single Family–43 is a large lot zoning district that permits up to 1 primary dwelling unit per acre. The rural character is accentuated by custom homes, farm buildings, livestock and crops. The large lots are typically flood irrigated and may have septic systems.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Infrastructure
Office
Fire house
Police station
Golf related
Agriculture-Cropland
Property details
Parking
Parking Information
Open Parking Spaces: 1
Interior
Bathroom Information
Bathrooms (Total Decimal): 1
Bathrooms (Total Integer): 1
Bedroom Information
Bedrooms (Possible): 1
Heating & Cooling
Has Heating
Cooling: Other, See Remarks
Has Cooling
Heating: Other, See Remarks
Interior Features
Interior Features: 3/4 Bath Master Bdrm
Fireplace Features: None
Flooring: Carpet
LaundryFeatures: None
Room Information
Basement: None
Exterior
Exterior Features
Construction Materials: Stucco, Painted, Block
Horses Allowed
Fencing: Block
Roof: Metal
Property Information
Ownership: Fee Simple
Property Sub Type: Single Family Residence
Lot Information
Lot Size Area: 44,878
Lot Size Source: Assessor
Building Information
Building Area Source: Assessor
Financial
Tax Information
Tax Annual Amount: $3,066
Tax Year: 2011
Location
HOA Information
Association Fee Includes: No Fees
School Information
Middle Or Junior School: South Valley Jr. High
High School: Mesquite High School
Elementary School: Ashland Elementary
Location Information
Directions: West on Ray to the property. The property is on the south side of Ray.
Utility Information
Sewer: Public Sewer
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,440
Stories: 1.0
Lot Size: 1.03 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: —
County: Maricopa County
APN: 30443084H
Home facts updated by county records on Jul 7, 2026
Other
Listing Information
Water Source: City Water
Around this home
Schools
Ashland Elementary School
Public PreK-6 • Assigned • 1.0mi
8/10
South Valley Jr. High School
Public 7-8 • Assigned • 0.7mi
8/10
Campo Verde High School
Public 8-12 • Assigned • 3.0mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Gilbert, AZ • 85296
Average low and high temperatures (°F)
69
43
78
51
84
57
86
61
94
69
106
78
106
83
107
84
102
78
92
65
77
51
74
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.4 hours in
June and 7.7 hours in December, placing it above the
U.S. average for solar exposure.
13.4 hrs
7.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$527,000 – $638,000
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