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505 N Ocotillo Ln; Gilbert, AZ Property Details

505 N Ocotillo Ln, Gilbert, AZ is a Single Family that was built in 1995. This property is currently Financed and is not for sale. Our records show that 505 N Ocotillo Ln has 2 bathrooms, and a total of 1,627 square feet. The lot size of 505 N Ocotillo Ln is 5,397 square feet.

Off market
505 N Ocotillo Ln Gilbert, AZ 85233
$21,184 Estimated Value
2 Baths
1,627 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 1995
  • Purchase Price: $225,000
  • Open Loans / Balance: 1 / $135,730
  • Est. Equity / %: $319,270 / 70.17%
  • Gross Yield: 6.738%
  • APN: 302-21-542
  • Situs County: Maricopa
  • Length Of Ownership: 18 years, 8 months

Rooms

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 6

Structure

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

Measurements

  • Total: 1,627/SqFt
  • Lot: 5,397/SqFt
  • Gross: 1,739/SqFt
  • Living: 1,627/SqFt
  • Building: 1,627/SqFt
  • Ground: 1,627/SqFt
  • Price Per Square Foot: $138.29

Legal Description

  • Description: CAYMAN SQUARE UNIT 2 MCR 378-48
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: 33.35899 / -111.811584
  • Subdivision: Cayman Square Unit 2
  • Property Class: Residential
  • Zoning: R-4
  • County Use Code: 0131

Amenities

  • Plus Four: 4222
  • Bathroom Fixtures: 7
  • Cooling: Refrigeration
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One: $50
  • H O A Amount: $50
  • H O A One Frequency: Monthly
  • H O A One Name: Cayman Square Homeowners Association
  • H O A One Type: Home Owner Association

Ownership Info

505 N Ocotillo Ln has no associated ownership info
505 N Ocotillo Ln has no associated ownership info.

Taxes

505 N Ocotillo Ln has 9 associated Taxes items

505 N Ocotillo Ln, 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 $21,184. The APN we've located for 505 N Ocotillo Ln is 302-21-542.

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Taxes
  • Assessed Value:  $21,184
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  302-21-542
  • Market Land Value:  75000
  • Tax Amount:  1604.2
  • Tax Year:  2025
  • Market Value:  375300
  • Market Year:  2025

Tax History

505 N Ocotillo Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $21,184 Land Value Improvement Value Tax Amount $1,604.2 Change Rate +0.038546% Assessed CR Tax Rate +0.075727%
Year 2024 Assessed Value $20,176 Land Value Improvement Value Tax Amount $1,544.66 Change Rate -0.006828% Assessed CR Tax Rate +0.076559%
Year 2023 Assessed Value $33,730 Land Value $6,740 Improvement Value $26,990 Tax Amount $1,555.28 Change Rate +0.030943% Assessed CR Tax Rate +0.04611%
Year 2022 Assessed Value $25,860 Land Value $5,170 Improvement Value $20,690 Tax Amount $1,508.6 Change Rate -0.053077% Assessed CR Tax Rate +0.058337%
Year 2021 Assessed Value $24,110 Land Value $4,820 Improvement Value $19,290 Tax Amount $1,593.16 Change Rate +0.01545% Assessed CR Tax Rate +0.066079%
Year 2020 Assessed Value $22,230 Land Value $4,440 Improvement Value $17,790 Tax Amount $1,568.92 Change Rate +0.088198% Assessed CR Tax Rate +0.070577%
Year 2019 Assessed Value $20,370 Land Value $4,070 Improvement Value $16,300 Tax Amount $1,441.76 Change Rate +0.030697% Assessed CR Tax Rate +0.070779%
Year 2018 Assessed Value $18,810 Land Value $3,760 Improvement Value $15,050 Tax Amount $1,398.82 Change Rate +0.03647% Assessed CR Tax Rate +0.074366%
Year 2017 Assessed Value $17,530 Land Value $3,500 Improvement Value $14,030 Tax Amount $1,349.6 Change Rate -0.034262% Assessed CR Tax Rate +0.076988%
Year 2016 Assessed Value $16,830 Land Value $3,360 Improvement Value $13,470 Tax Amount $1,397.48 Change Rate +0.097923% Assessed CR Tax Rate +0.083035%
Year 2015 Assessed Value $16,250 Land Value $3,250 Improvement Value $13,000 Tax Amount $1,272.84 Change Rate -0.031383% Assessed CR Tax Rate +0.078329%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $1,314.08 Change Rate Assessed CR Tax Rate