1500 E Melrose St, Gilbert, AZ 85297 Property Records

Maricopa County property record for 1500 E Melrose St, Gilbert, AZ 85297

Property Summary

Property Type	Apartments (5+ Units)
Details	335,464 sqft · built 2021
Lot Size	13.4 acres (584,198 sqft)
Owner	Company on Record
Tax Bill	$502,958 (2025)
Deeds & Mortgages	May 2022 Mortgage May 2022 Mortgage
Flood Zone	Zone X (moderate risk)
APN	`304-54-110`

Property Details

APN / Parcel Number

Primary APN	`304-54-110`
Alternative APN	`304541102`

Interior

Stories	3 Stories
Building Area	335,464 sqft Living Area
1st Floor Area	335,464 sqft

Exterior

Year Built	Built 2021
Effective Year Built	Effective 2021
Architectural Style	Multi-Family
Construction Type	Wood
Lot Area	584,198 sqft (13.4 acres)
Garage Type	Attached
Garage Area	13,136 sqft
Utility Building	1,761 sqft
Total Buildings	23 Buildings

Location & Zoning

Street Address	1500 E MELROSE ST
City	GILBERT
State	AZ
Zip	85297-3302
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	ACERO VAL VISTA MCR 1569-17
Legal Subdivision	ACERO VAL VISTA
Legal Lot Number	1
Jurisdiction	MARICOPA AZ
Township / Civil Division	CHANDLER
Census Block Group	1
Census Block	1014
Census Tract	815401

Owner

Source: Maricopa County assessment roll, as of October 22, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company on Record
Mailing Address	6720 N SCOTTSDALE RD, 200, PARADISE VALLEY, AZ 85253-4467
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
May 20, 2022	Deed of Trust, Mortgage · Commercial Mortgage METLIFE REAL ESTATE LENDING LLC
May 20, 2022	Deed of Trust, Mortgage · Commercial Mortgage METLIFE REAL ESTATE LENDING LLC

Assessor's Deed Record

Deed Names	Name on Deed
Record Updated	Sep 20, 2026

May 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	1500 E MELROSE ST, GILBERT, AZ 85297-3302
Transaction Type	Mortgage
Record Updated	Mar 5, 2024
Title Company	GREYSTONE TITLE AGENCY, GREYSTONE TITLE AGENCY LLC

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1 METLIFE WAY, WHIPPANY, NJ 07981-1449
Investor	Possibly a Property Investor

Mortgage

Document Number	0000437648
Date	May 20, 2022
Instrument	20220437648

Lender

Name	METLIFE REAL ESTATE LENDING LLC
Type	Non-Lending Institution
Address	SAN FRANCISCO, CA 94105

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

May 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	1500 E MELROSE ST, GILBERT, AZ 85297-3302
Transaction Type	Mortgage
Record Updated	Mar 5, 2024
Title Company	GREYSTONE TITLE AGENCY, GREYSTONE TITLE AGENCY LLC

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1101 SE TECH CENTER DR 160, 160, VANCOUVER, WA 98683-5521

Mortgage

Document Number	0000439451
Date	May 20, 2022
Instrument	20220439451

Lender

Name	METLIFE REAL ESTATE LENDING LLC
Type	Non-Lending Institution
Address	WHIPPANY, NJ 07981

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Gilbert Town
Unified School District	Gilbert Unified District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$7,320,610 (+32.86%)	$73,206,100 (-18.69%) Land $14,641,200 Building $58,564,900
2025	$502,958.00 (+3.28%)	$5,509,892 (-51.26%)	$90,034,200 (-20.35%) Land $18,006,800 Building $72,027,400
2024		$11,303,780	$113,037,800 Land $22,607,500 Building $90,430,300
2023	$486,992.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 99.3% of Arizona
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	TOWN OF GILBERT serves 247,600 people · EPA ID AZ0407092
Water Source	Surface water
Last State Inspection	Oct 2025
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Jul 2017
Treatment and Procedure	Treatment report not submitted Oct 2017
Monitoring and Reporting	53 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 110 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Fiber · Cable in parts of the area	2,000 / 35
Verizon Fixed Wireless	300 / 20
AirFiber WISP Fixed Wireless	100 / 25
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	100 / 20

May also be available: AT&T.

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