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131 S Ocean Dr; Gilbert, AZ Property Details

131 S Ocean Dr, Gilbert, AZ is a Single Family that was built in 1987. This property is currently Financed and is not for sale. Our records show that 131 S Ocean Dr has 2 bathrooms, and a total of 1,437 square feet. The lot size of 131 S Ocean Dr is 5,497 square feet.

Off market
131 S Ocean Dr Gilbert, AZ 85233
$18,381 Estimated Value
2 Baths
1,437 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1987
  • Purchase Price: $115,000
  • Est. Equity / %: $438,000 / 100%
  • Gross Yield: 6.027%
  • APN: 302-96-506
  • Situs County: Maricopa
  • Length Of Ownership: 14 years

Rooms

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Concrete

Measurements

  • Total: 1,437/SqFt
  • Lot: 5,497/SqFt
  • Gross: 1,545/SqFt
  • Living: 1,437/SqFt
  • Building: 1,437/SqFt
  • Ground: 1,437/SqFt
  • Price Per Square Foot: $80.03

Legal Description

  • Description: ISLANDS PATIO HOMES A AMD LOT 1-94 193-233 MCR 292-05
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Gilbert Unified District
  • Lat / Lon: 33.347267 / -111.81587
  • Subdivision: Islands Patio Homes A Amd Lot 1-94 193-2
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 0131

Amenities

  • Plus Four: 5634
  • Bathroom Fixtures: 7
  • Cooling: Refrigeration
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One: $364
  • H O A Two: $149
  • H O A Amount: $513
  • H O A One Frequency: Semi-Annual
  • H O A Two Frequency: Monthly
  • H O A One Name: Islands Community Association
  • H O A One Type: Home Owner Association
  • H O A Two Name: The Islands Patio Homes Community Association
  • H O A Two Type: Home Owner Association

Ownership Info

131 S Ocean Dr has no associated ownership info
131 S Ocean Dr has no associated ownership info.

Taxes

131 S Ocean Dr has 9 associated Taxes items

131 S Ocean Dr, Gilbert, AZ pays taxes in Maricopa County, AZ. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $18,381. The APN we've located for 131 S Ocean Dr is 302-96-506.

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Taxes
  • Assessed Value:  $18,381
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  302-96-506
  • Market Land Value:  70000
  • Tax Amount:  1681.36
  • Tax Year:  2025
  • Market Value:  350200
  • Market Year:  2025

Tax History

131 S Ocean Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $18,381 Land Value Improvement Value Tax Amount $1,681.36 Change Rate +0.037608% Assessed CR Tax Rate +0.091473%
Year 2024 Assessed Value $17,506 Land Value Improvement Value Tax Amount $1,620.42 Change Rate -0.004375% Assessed CR Tax Rate +0.092564%
Year 2023 Assessed Value $30,300 Land Value $6,060 Improvement Value $24,240 Tax Amount $1,627.54 Change Rate +0.028721% Assessed CR Tax Rate +0.053714%
Year 2022 Assessed Value $23,260 Land Value $4,650 Improvement Value $18,610 Tax Amount $1,582.1 Change Rate -0.033348% Assessed CR Tax Rate +0.068018%
Year 2021 Assessed Value $21,950 Land Value $4,390 Improvement Value $17,560 Tax Amount $1,636.68 Change Rate +0.015323% Assessed CR Tax Rate +0.074564%
Year 2020 Assessed Value $20,680 Land Value $4,130 Improvement Value $16,550 Tax Amount $1,611.98 Change Rate +0.076634% Assessed CR Tax Rate +0.077949%
Year 2019 Assessed Value $18,300 Land Value $3,660 Improvement Value $14,640 Tax Amount $1,497.24 Change Rate +0.027379% Assessed CR Tax Rate +0.081816%
Year 2018 Assessed Value $16,860 Land Value $3,370 Improvement Value $13,490 Tax Amount $1,457.34 Change Rate +0.033633% Assessed CR Tax Rate +0.086438%
Year 2017 Assessed Value $15,610 Land Value $3,120 Improvement Value $12,490 Tax Amount $1,409.92 Change Rate -0.025073% Assessed CR Tax Rate +0.090322%
Year 2016 Assessed Value $14,860 Land Value $2,970 Improvement Value $11,890 Tax Amount $1,446.18 Change Rate +0.096488% Assessed CR Tax Rate +0.09732%
Year 2015 Assessed Value $13,960 Land Value $2,790 Improvement Value $11,170 Tax Amount $1,318.92 Change Rate -0.022341% Assessed CR Tax Rate +0.094479%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $1,349.06 Change Rate Assessed CR Tax Rate