NOT LISTED FOR SALE

Estimated Value: $656,000 - $1,057,000

-- Bed
-- Bath
3,382 Sq Ft
$258/Sq Ft Est. Value

Last Sold September 30, 2012

Last sale price $175,000 $52 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $4,991/month

Highlights

  • Cooling Available
  • Chandler High School Rated A-
  • Individual Controls for Heating

About This Home

As of September 2012

Yes, it's another short sale by the team that gets them done! All two bedroom units, block construction, easy to rent - rents range from $560 to $775 per month. Divorce forces sale. This is a short sale and will be subject to lender(s) and seller final approval. Buyer to verify all items prior to close of escrow.

Last Listed By

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 06/21/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1972

Lot Details

  • 9,845

Home Design

  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 302-74-007-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Arrowhead Meadows Subdivision

Building Details

  • Gross Income $27,648
  • Net Operating Income $12,592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,456

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd/Alma School Road
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2011
  • Directions: North to Flint - property on NWC of Flint and Alma School.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3000.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Arrowhead Meadows
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 302-74-007-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 27648.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 12592.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1456.0
  • Tax Book Number: 302.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2016
Sold by
Mira Cielo Llc
Bought by
Landrum Barton James and Landrum Adrienne C
Total Days on Market
0
Current Estimated Value
$871,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.43%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 21, 2012
Closed on
Sep 17, 2012
Sold by
Simon Laura and Simon William T
Bought by
Barett James
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%

Purchase Details

Closed on
May 1, 2006
Sold by
Simon Laura and Simon William T
Bought by
1000 Flint Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
2.3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 20, 2006
Sold by
Js & G Family Lp Llp
Bought by
Daugs Herold D and Wolfe Micheal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.19%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 30, 2000
Sold by
Mastroni Joseph and Mastroni Shirley J
Bought by
Js & G Family Ltd Partnership Llp

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Landrum Barton James $1,200,000 Chicago Title Agency Inc
Barett James $175,000 Chicago Title Agency Inc
1000 Flint Street Llc -- Tsa Title Agency
Simon William T $450,000 Tsa Title Agency
Daugs Herold D $380,000 Capital Title Agency Inc
Js & G Family Ltd Partnership Llp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landrum James $875,000
Closed Landrum Barton James $800,000
Previous Owner Simon William T $337,500
Previous Owner Daugs Herold D $38,000
Previous Owner Daugs Herold D $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2012 09/30/12 Sold $175,000 -12.1% $52 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
06/21/2012 06/21/12 For Sale $199,000 -- $59 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,638 $17,805 -- --
2024 $1,607 $16,957 -- --
2023 $1,607 $64,700 $12,940 $51,760
2022 $1,556 $47,720 $9,540 $38,180
2021 $1,599 $38,970 $7,790 $31,180
2020 $1,591 $32,830 $6,560 $26,270
2019 $1,535 $24,880 $4,970 $19,910
2018 $1,491 $20,550 $4,110 $16,440
2017 $1,401 $20,100 $4,020 $16,080
2016 $1,353 $17,530 $3,500 $14,030
2015 $1,297 $16,810 $3,360 $13,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4780651

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-74-007A