502 E Terrace Ave, Gilbert, AZ 85234 Property Records

Maricopa County property record for 502 E Terrace Ave, Gilbert, AZ 85234

Property Summary

Property Type	Care Home (Retirement, Nursing, Convalescent)
Details	5 bd · 4 ba · 4,083 sqft · built 1987
Lot Size	0.271 acres (11,800 sqft)
Owner	Company Name on File
Last Sale	$800,000 (Mar 2021)
Tax Bill	$3,577 (2025)
Deeds & Mortgages	Aug 2026 Mortgage Mar 2021 Sale + 2 more
Flood Zone	Zone X (moderate risk)
APN	`304-95-439`

Property Details

APN / Parcel Number

Primary APN	`304-95-439`
Alternative APN	`304954396`

Interior

Bedrooms	5 Beds
Full Baths	4 Baths
Plumbing Fixtures	13 Plumbing Fixtures
Total Rooms	8 Rooms
Stories	1 Story
Building Area	4,083 sqft Gross Area
1st Floor Area	4,083 sqft

Exterior

Year Built	Built 1987
Effective Year Built	Effective 1987
Exterior Material	Wood
Construction Type	Frame
Roof Material	Concrete
Lot Area	11,800 sqft (0.271 acres)
View / Lot	Commercial/Industrial
Parking Spaces	3 Parking Spaces

Utilities, Heating & Cooling

Cooling System	Refrigeration
Heating System	Forced Air with A/C

Location & Zoning

Street Address	502 E TERRACE AVE
City	GILBERT
State	AZ
Zip	85234-2434
Property Category	Commercial
Property Type	Commercial > Retail > Care Home (Retirement, Nursing, Convalescent)
Local Zoning Code	R-10
Legal Description	CIRCLE G MEADOWS 2 AMD MCR 295-25
Legal Range	6E
Legal Township	1S
Legal Section	6
Legal Subdivision	CIRCLE G MEADOWS 2 AMD
Legal Lot Number	107
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	1
Census Block	1004
Census Tract	422508

Owner

502 E Terrace Ave, a commercial property, is owned by a company that bought it in March 2021.

Source: Maricopa County records, as of August 26, 2026

Owner of Record	Company Name on File
Mailing Address	2942 N 24TH ST, 114, PHOENIX, AZ 85016-7849
Owner Type	Company
Vesting	Limited Liability Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Aug 20, 2026	Deed of Trust, Mortgage · Conventional Mortgage CITADEL SERVICING CORPORATION
Mar 2, 2021	Special Warranty Deed, Transfer FIRST AMERICAN TITLE INSURANCE COMPANY NC, FIRST AMERICAN TITLE INS CO
Dec 26, 2019	Quit Claim Deed, Transfer PROFESSIONAL ESCROW RSRCS
Jan 31, 2019	Warranty Deed, Transfer · Conventional Mortgage AMERICAN FINANCIAL NETWORK INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 2, 2021 · Amount on File
Deed Sale	Mar 2, 2021 · Amount on File
Prior Sale	Jan 31, 2019 · Amount on File
Deed Document Number	2021234149
Prior Transfer Date	Jun 14, 1994
Prior Transfer Doc	0000564736
Record Updated	Oct 29, 2026

August 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Recording Date	Aug 20, 2026
Property Address	502 E TERRACE AVE, GILBERT, AZ 85234-2434
Document Number	0000492201
Instrument Date	Aug 5, 2026
Instrument	2026492201
Transaction Type	Mortgage
Record Updated	Sep 9, 2026
Title Company	SERVICELINK

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	2942 N 24TH ST, 114, PHOENIX, AZ 85016-7849

Mortgage

Document Number	0000492201,
Date	Aug 20, 2026
Instrument	2026492201

Lender

Name	CITADEL SERVICING CORPORATION

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	360 Months
Due	Sep 1, 2056

Interest

Rate Type	Fixed Rate
Initial Type	Fixed Rate
Max Rate	-1%

March 2021: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Mar 2, 2021
Property Address	502 E TERRACE AVE, GILBERT, AZ 85234-2434
Document Number	0000234149
Map Reference	MB 295 PG 25
Instrument Date	Mar 1, 2021
Instrument	20210234149
Transaction Type	Transfer
Record Updated	Nov 21, 2025
Title Company	FIRST AMERICAN TITLE INSURANCE COMPANY NC, FIRST AMERICAN TITLE INS CO

Transaction

Amount	Amount on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	7687 W TUMBLEWOOD DR, PEORIA, AZ 85382-3843

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2942 N 24TH ST # 114-59, 114, PHOENIX, AZ 85016-7849

December 2019: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MARICOPA AZ
Recording Date	Dec 26, 2019
Property Address	502 E TERRACE AVE, GILBERT, AZ 85234-2434
Document Number	0001048032
Instrument Date	Dec 20, 2019
Instrument	1048032
Transaction Type	Transfer
Record Updated	Jan 3, 2020
Title Company	PROFESSIONAL ESCROW RSRCS

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	7687 W TUMBLEWOOD DR PEORIA AZ 853823843, PEORIA, AZ 85382-3843

January 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARICOPA AZ
Recording Date	Jan 31, 2019
Property Address	502 E TERRACE AVE, GILBERT, AZ 85234-2434
Document Number	0000070932
Map Reference	DOC88-369840
Instrument Date	Jan 31, 2019
Instrument	20190070932
Transaction Type	Transfer
Record Updated	Dec 21, 2021
Title Company	DRIGGS TITLE AGENCY INC

Transaction

Amount	Amount on Record
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	502 E TERRACE AVE, 502, GILBERT, AZ 85234-2434

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Community Property with Right of Survivorship
Address	502 E TERRACE AVE, GILBERT, AZ 85234-2434

Mortgage

Document Number	0000070933
Date	Jan 31, 2019
Instrument	20190070933

Lender

Name	AMERICAN FINANCIAL NETWORK INC
Type	Funding / Finance Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Feb 1, 2049

Tax Assessment & Valuation

The 2025 property tax bill for 502 E Terrace Ave was $3,577.

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		$60,120 (+92.38%)	$601,200 (+2.07%) Land $120,200 Building $481,000
2025	$3,577.00	$31,250 (-51.23%)	$589,000 (-8.08%) Land $117,800 Building $471,200
2024		$64,080 (+17.58%)	$640,800 (+17.58%) Land $128,100 Building $512,700
2023	$3,219.00 (-6.42%) Additional exemption filed	$54,500 Land $10,900 Building $43,600	$545,000 Land $109,000 Building $436,000
2022	$3,440.00

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

FEMA maps place 502 E Terrace Ave in Zone X, an area of moderate flood risk.

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 6 (20% 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

The area around 502 E Terrace Ave has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within 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 686 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable · Fiber in parts of the area	2,000 / 100
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 400
CenturyLink DSL	140 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Verizon.

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