1505 E Willis Rd, Gilbert, AZ 85297 Property Records

Maricopa County property record for 1505 E Willis Rd, Gilbert, AZ 85297

Property Summary

Property Type	Care Home (Retirement, Nursing, Convalescent)
Details	251,332 sqft · built 2017
Lot Size	8.62 acres (375,520 sqft)
Owner	Company Name on Record
Last Sale	$52,875,000 (Jan 2020)
Tax Bill	$357,610 (2025)
Deeds & Mortgages	Oct 2026 Mortgage Nov 2023 Mortgage + 3 more
Flood Zone	Zone X (moderate risk)
APN	`304-54-099`

Property Details

APN / Parcel Number

Primary APN	`304-54-099`
Alternative APN	`304540993`

Interior

Stories	4 Stories
Building Area	251,332 sqft Gross Area
1st Floor Area	251,332 sqft

Exterior

Year Built	Built 2017
Effective Year Built	Effective 2017
Construction Type	Wood
Lot Area	375,520 sqft (8.62 acres)
Garage Type	Detached
Garage Area	1,474 sqft

Location & Zoning

Street Address	1505 E WILLIS RD
City	GILBERT
State	AZ
Zip	85297-2930
Property Category	Commercial
Property Type	Commercial > Retail > Care Home (Retirement, Nursing, Convalescent)
Local Zoning Code	R3
Legal Description	ASPENS AT MARIPOSA POINT MCR 1333-46
Legal Range	6E
Legal Township	2S
Legal Section	5
Legal Subdivision	ASPENS AT MARIPOSA POINT
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 records, as of October 20, 2026

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

Owner of Record	Company Name on Record
Mailing Address	303 W MADISON ST, 1500, CHICAGO, IL 60606-3380
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Oct 13, 2026	Deed of Trust, Mortgage · Conventional Mortgage KEYBANK USA
Nov 21, 2023	Deed of Trust, Mortgage · Commercial Mortgage ALECKO LENDING 1 LLC
Jan 3, 2024	Deed of Trust, Mortgage · Commercial Mortgage MAM COLLATERAL AGENT LLC
Jan 31, 2020	Grant Deed, Transfer KEYBANK USA
Aug 10, 2017	Special Warranty Deed, Construction Loan · Construction Mortgage TEXAS CAPITAL BANK NA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 31, 2020 · Amount on Record
Deed Sale	Jan 31, 2020 · Amount on Record
Prior Sale	Aug 10, 2017 · Amount on Record
Deed Document Number	202086335
Prior Transfer Date	Jan 30, 2020
Prior Transfer Doc	0000086335
Record Updated	Oct 29, 2026

October 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Recording Date	Oct 13, 2026
Property Address	1505 E WILLIS RD, GILBERT, AZ 85297-2930
Document Number	0000591856
Instrument Date	Oct 9, 2026
Instrument	2026591856
Transaction Type	Mortgage
Record Updated	Oct 20, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266

Mortgage

Document Number	0000591856,
Date	Oct 13, 2026
Instrument	2026591856

Lender

Name	KEYBANK USA

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Max Rate	-1%

November 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	1505 E WILLIS RD, GILBERT, AZ 85297-2930
Transaction Type	Mortgage
Record Updated	Nov 21, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	303 W MADISON ST 1500, 1500, CHICAGO, IL 60606-3380

Mortgage

Document Number	0000600777
Date	Nov 21, 2023
Instrument	20230600777

Lender

Name	ALECKO LENDING 1 LLC
Type	Non-Lending Institution
Address	CHICAGO, IL 60607

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	6 Months
Due	May 21, 2024

January 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	1505 E WILLIS RD, GILBERT, AZ 85297-2930
Transaction Type	Mortgage
Record Updated	Nov 21, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	303 W MADISON ST 1500, 1500, CHICAGO, IL 60606-3380

Mortgage

Document Number	0000003469
Date	Jan 3, 2024
Instrument	20240003469

Lender

Name	MAM COLLATERAL AGENT LLC
Type	Non-Lending Institution
Address	NEW YORK, NY 10036

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	36 Months
Due	Jan 11, 2027

January 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MARICOPA AZ
Recording Date	Jan 31, 2020
Property Address	1505 E WILLIS RD, GILBERT, AZ 85297-2930
Document Number	0000086335
Instrument Date	Jan 30, 2020
Instrument	86335
Transaction Type	Transfer
Record Updated	Feb 19, 2020
Title Company	NATIONWIDE APPRAISAL AND TITLE, NATIONWIDE APPRAISAL & TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$52,875.00
Amount Accuracy	Confirmed
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	303 W MADISON ST #1500 CHICAGO IL 606063380, 1500, CHICAGO, IL 60606-3380

Mortgage

Document Number	86336
Date	Jan 31, 2020
Instrument	86336

Lender

Name	KEYBANK USA
Type	Bank
Address	225 FRANKLIN ST # 16TH, BOSTON, MA 02110-2804

Agreement

Amount	Amount Recorded

August 2017: Special Warranty Deed, Construction Loan

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Aug 10, 2017
Property Address	1505 E WILLIS RD, GILBERT, AZ 85297-2930
Document Number	0000589252
Map Reference	MB 1333 PG 46
Instrument Date	Aug 8, 2017
Instrument	2017-0589252
Transaction Type	Construction Loan
Record Updated	Dec 21, 2021
Title Company	CHICAGO TITLE AGENCY INC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	2390 E CAMELBACK RD # RD305, 2390, PHOENIX, AZ 85016-3448

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	505 PECAN ST # 202, 202, FORT WORTH, TX 76102-4060

Mortgage

Document Number	0000589254
Date	Aug 10, 2017
Instrument	2017-0589254

Lender

Name	TEXAS CAPITAL BANK NA
Type	Bank

Agreement

Type	Construction 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		$6,542,965 (+66.93%)	$65,429,650 (+10.41%) Land $6,946,000 Building $58,483,650
2025	$357,610.00 (+3.28%)	$3,919,624 (-36.72%)	$59,261,088 (-4.32%) Land $3,739,100 Building $55,521,988
2024		$6,193,768	$61,937,680 Land $3,739,100 Building $58,198,580
2023	$346,252.00 Additional exemption filed

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

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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