NOT LISTED FOR SALE

1002 E Commonwealth Place Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $650,444 - $953,000

8 Beds
-- Bath
3,142 Sq Ft
$239/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $455,000 $145 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,220/month

10 Days on Market

Highlights

  • Community Barbecue Grill
  • Ceramic Tile Flooring
  • Heat Pump System
  • Willis Junior High School Rated A-
  • Central Air

About This Home

As of June 2020

Sharp Chandler 4-plex in extremely tight rental sub-market. Property offers 100% 2-bed units with significant rent upside. In 2018 a new roof was installed. Since then, ownership has lightly upgraded one of the units and has completed
numerous repairs on property. Rents are still below $1.00/SF allowing significant upside for a value-add strategy. DO NOT DISTURB TENANTS - NO SHOWINGS WITHOUT ACCEPTED CONTRACT.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 04/07/2020

Last Buyer's Agent

Todd Pippin

My Home Group Real Estate License #SA658919000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,445

Year Built

  • Built in 1979

Lot Details

  • 9,017

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 14
  • Assessor Parcel Number 303-02-157

Community Details

Overview

  • 4 Units
  • Building Dimensions are irreg
  • S & H Apartments Lot 1 15 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $10,134
  • Gross Income $36,144
  • Net Operating Income $26,041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,445

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, MF-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2019
  • Directions: CLICK DOCUMENTS TAB FOR MARKETING FLIER
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1893.0
  • Subdivision Name: S & H APARTMENTS LOT 1-15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Metal
  • Roof: Composition
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1912.0

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: No
  • Parcel #: 303-02-157

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36144.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2384.0
  • Property Net Operating Income: 26041.0
  • Annual Operating Expense: 10134.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1445.0
  • Tax Book Number: 303.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2020
Closed on
May 30, 2020
Sold by
Ali Giser Shakhawat and Akhter Sultana Rabeya
Bought by
Maxfield Jonathan
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Current Estimated Value
$750,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,861
Avg. Annual Appreciation
10.03%
Original Mortgage
$455,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2020
Closed on
May 28, 2020
Sold by
Maxfield Melissa
Bought by
Maxfield Jonathan
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 30, 2018
Sold by
Wahyudi Deddy
Bought by
Ali Giser Shakhawat and Akhter Sultana Rebeya
Seller's Agent
Arvle Knight
Transworld Business Advisors of Phoenix NE
Buyer's Agent
Noor Sarwar
DPR Realty LLC
List Price
$340,000
Sold Price
$351,000
Premium/Discount to List
$11,000
3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.85%
Original Mortgage
$263,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2014
Closed on
May 27, 2014
Sold by
Lott David A and Lott Denise R
Bought by
Wahyudi Deddy
Seller's Agent
Lester Cox
Real Broker
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$179,000
Sold Price
$182,600
Premium/Discount to List
$3,600
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.89%
Original Mortgage
$136,950
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2010
Sold by
Lott David A and Lott Denise R
Bought by
Lott David A and Lott Denise R

Purchase Details

Closed on
Jul 6, 2010
Sold by
Gmac Mortgage Llc
Bought by
Lott David S and Lott Denise R

Purchase Details

Closed on
Mar 29, 2010
Sold by
Caffrey Bryan
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Apr 12, 2006
Sold by
Caffrey Kristin
Bought by
Caffrey Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2005
Sold by
Caffrey Bryan J
Bought by
Taylored Properties Taylored For You Llc and Taylor Sean W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2005
Sold by
S & M Investment Properties Inc
Bought by
Caffrey Bryan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1994
Sold by
Mavity Michael D and Mavity Suzanne
Bought by
S & M Investment Properties Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Maxfield Jonathan $455,000 American Title Svc Agcy Llc
Maxfield Jonathan -- American Title Svc Agcy Llc
Ali Giser Shakhawat $351,000 Clear Title Agency Of Arizon
Wahyudi Deddy $182,600 Fidelity National Title Agen
Lott David A -- None Available
Lott David S $105,100 Fidelity Natl Title Ins Co
Gmac Mortgage Llc $93,451 Security Title Agency
Caffrey Bryan -- North American Title Co
Caffery Bryan $425,000 North American Title Co
Taylored Properties Taylored For You Llc $1,500,000 First Financial Title Agency
Caffrey Bryan J $1,260,000 First Financial Title Agency
S & M Investment Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxfield Jonathan $75,000
Open Maxfield Jonathan Paul $420,000
Closed Maxfield Jonathan $455,000
Previous Owner Ali Giser Shakhawat $263,250
Previous Owner Wahyudi Deddy $136,950
Previous Owner Caffrey Bryan $276,250
Previous Owner Taylored Properties Taylored For You Llc $1,197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $455,000 -4.2% $145 / Sq Ft
05/25/2020 05/25/20 Price Changed $475,000 0.0% $151 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
04/07/2020 04/07/20 For Sale $475,000 +35.3% $151 / Sq Ft
11/02/2018 11/02/18 Sold $351,000 +3.2% $112 / Sq Ft
10/19/2018 10/19/18 For Sale $340,000 0.0% $108 / Sq Ft
10/19/2018 10/19/18 Price Changed $340,000 0.0% $108 / Sq Ft
08/29/2018 08/29/18 For Sale $340,000 +86.2% $108 / Sq Ft
05/30/2014 05/30/14 Sold $182,600 +2.0% $58 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $179,000 -- $57 / 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 $1,542 $16,763 -- --
2024 $1,513 $15,965 -- --
2023 $1,513 $55,970 $11,190 $44,780
2022 $1,465 $39,750 $7,950 $31,800
2021 $1,506 $34,470 $6,890 $27,580
2020 $1,498 $31,210 $6,240 $24,970
2019 $1,445 $23,220 $4,640 $18,580
2018 $1,404 $21,770 $4,350 $17,420
2017 $1,319 $17,560 $3,510 $14,050
2016 $1,274 $15,250 $3,050 $12,200
2015 $1,221 $12,830 $2,560 $10,270
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6062789

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-157