NOT LISTED FOR SALE

1007 E Commonwealth Place Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $737,838 - $966,000

4 Beds
-- Bath
3,142 Sq Ft
$261/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $720,000 $229 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,600/month

1 Day on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heat Pump System
  • Willis Junior High School Rated A-

About This Home

As of January 2022

Great investment opportunity! Easy to rent 4-plex with convenient location. All units are 2 bedroom/1 bathroom and are currently leased. Drive by only. Please do not walk the property or disturb the tenants.

Last Agent to Sell the Property

Joyce Lynch

Russ Lyon Sotheby's International Realty License #SA648858000 Listed on: 12/01/2021

Russ Lyon Sotheby's International Realty

Co-Listed By

Shane Ashcraft

Russ Lyon Sotheby's International Realty License #SA549953000

Last Buyer's Agent

John McKeon

Better Homes & Gardens Real Estate SJ Fowler License #SA639978000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,482

Year Built

  • Built in 1979

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Rudy G Bologna Elementary School
  • Willis Junior High School
  • Perry High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 303-02-147

Community Details

Overview

  • 4 Units
  • Building Dimensions are 125 x 64
  • S & H Apartments Subdivision

Building Details

  • Operating Expense $4,516
  • Net Operating Income $28,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,482

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd & Mcqueen
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H / MF-2
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: Chandler Blvd & Mcqueen Directions: South on Mcqueen to Commonwealth Place, East on Commomwealth Place to property
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: S & H APARTMENTS
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Ceiling Fan(s)
  • 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: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1284.0
  • Annual Water Sewer Expense: 1000.0

Schools

  • Elementary School: Rudy G Bologna Elementary
  • High School: Perry High School
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 125 x 64
  • Additional Parcels: No
  • Parcel #: 303-02-147

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Insurance Expense: 750.0
  • Property Net Operating Income: 28166.0
  • Annual Operating Expense: 4516.0

Tax Info

  • Tax Annual Amount: 1482.0
  • Tax Book Number: 303.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2022
Sold by
Mckeon John
Bought by
Exoproperty Llc
Current Estimated Value
$820,960

Purchase Details

Listed on
Dec 1, 2021
Closed on
Dec 23, 2021
Sold by
1007 E Commonwealth Llc
Bought by
Mckeon John
Seller's Agent
Joyce Lynch
Russ Lyon Sotheby's International Realty
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$720,000
Sold Price
$720,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$576,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2018
Sold by
Ford Jason Stanley
Bought by
1007 E Commonwealth Llc

Purchase Details

Listed on
Sep 11, 2017
Closed on
Oct 19, 2017
Sold by
Thomason John and Thomason Martha
Bought by
Ford Jason Stanley
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Merle Anderson
RealtyONEGroup Mountain Desert
List Price
$334,000
Sold Price
$328,000
Premium/Discount to List
-$6,000
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%

Purchase Details

Closed on
Oct 30, 2014
Sold by
Best Dobie D and Kakar William
Bought by
Thomason John and Thomason Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2014
Sold by
Best Dobie D
Bought by
Kakar William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2012
Closed on
Jan 15, 2013
Sold by
Best Dobie D
Bought by
Kakar William
Seller's Agent
Richard Kopp
Richard Lee Kopp Jr
Buyer's Agent
Michael Wood
West USA Realty
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%
Original Mortgage
$120,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2012
Closed on
Dec 20, 2012
Sold by
Jmk Invetsments Llc
Bought by
Best Dobie D
Seller's Agent
Richard Kopp
Richard Lee Kopp Jr
Buyer's Agent
Michael Wood
West USA Realty
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2010
Sold by
Jmk Investments Llc
Bought by
Kopp Jeremy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,099
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2010
Sold by
Kopp Jeremy M
Bought by
Jmk Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,099
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2009
Sold by
Kopp Jeremy
Bought by
Jmk Investments Llc

Purchase Details

Closed on
Sep 11, 2009
Sold by
Commonwealth Apartments Llc
Bought by
Kopp Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,284
Interest Rate
5.2%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 2009
Sold by
Steenhard Hendrick
Bought by
Citibank Na

Purchase Details

Closed on
Jan 18, 2008
Sold by
Steenhard Hendrick Christopher
Bought by
Commonwealth Apartments Llc

Purchase Details

Closed on
May 18, 2006
Sold by
Steenhard Properties Llc
Bought by
Steenhard Hendrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2003
Sold by
Steenhard Hendrick C
Bought by
Steenhard Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2001
Sold by
Casanova Michael
Bought by
Steenhard Hendrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,612
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2000
Sold by
Casanova Anthony
Bought by
Casanova Michael

Purchase Details

Closed on
Sep 14, 2000
Sold by
Casanova Ruth
Bought by
Casanova Michael

Purchase Details

Closed on
Mar 31, 1999
Sold by
Cheang Tony V and Bun Chantha
Bought by
Casanova Michael and Casanova Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 1999
Sold by
Casanova Ruth
Bought by
Casanova Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 1999
Sold by
Bun Chantha
Bought by
Bun Chantha and Cheang Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 1998
Sold by
Bun Chantha
Bought by
Bun Chantha and The Chantha Bun Revocable Living Trust

Purchase Details

Closed on
May 15, 1997
Sold by
Cheang Tony V
Bought by
Bun Chantha
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
Exoproperty Llc -- --
Mckeon John $720,000 Great American Title
Mckeon John $720,000 Great American Title
1007 E Commonwealth Llc -- Accommodation
Ford Jason Stanley $328,000 American Title Service Agenc
Thomason John $190,000 Chicago Title Agency Inc
Kakar William -- Chicago Title Agency Inc
Kakar William -- None Available
Best Dobie D $160,000 Clear Title Agency Of Arizon
Kopp Jeremy M -- Pioneer Title Agency Inc
Jmk Investments Llc -- None Available
Jmk Investments Llc -- None Available
Kopp Jeremy $113,000 The Talon Group
Citibank Na $327,547 None Available
Commonwealth Apartments Llc -- None Available
Steenhard Hendrick C -- Guaranty Title Agency
Steenhard Properties Llc -- --
Steenhard Hendrick C $158,150 North American Title Agency
Casanova Michael -- Capital Title Agency
Casanova Michael -- Capital Title Agency
Casanova Michael $103,000 North American Title Agency
Casanova Michael -- North American Title Agency
Casanova Anthony -- North American Title Agency
Bun Chantha -- --
Bun Chantha -- --
Bun Chantha -- Stewart Title & Trust
Bun Chantha $83,800 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckeon John $576,000
Previous Owner Thomason John $142,500
Previous Owner Best Dobie D $120,000
Previous Owner Kopp Jeremy M $145,099
Previous Owner Kopp Jeremy $145,284
Previous Owner Steenhard Hendrick C $308,000
Previous Owner Steenhard Hendrick C $140,000
Previous Owner Steenhard Hendrick C $118,612
Previous Owner Casanova Michael $92,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $720,000 0.0% $229 / Sq Ft
12/01/2021 12/01/21 For Sale $720,000 +119.5% $229 / Sq Ft
11/17/2017 11/17/17 Sold $328,000 -1.8% $104 / Sq Ft
10/27/2017 10/27/17 For Sale $334,000 0.0% $106 / Sq Ft
10/27/2017 10/27/17 Price Changed $334,000 0.0% $106 / Sq Ft
09/20/2017 09/20/17 Price Changed $334,000 -0.3% $106 / Sq Ft
09/11/2017 09/11/17 For Sale $335,000 +109.4% $107 / Sq Ft
12/27/2012 12/27/12 Sold $160,000 -5.3% $51 / Sq Ft
11/06/2012 11/06/12 Pending -- -- --
08/11/2012 08/11/12 For Sale $169,000 -- $54 / 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 $1,518 $16,500 -- --
2024 $1,489 $15,714 -- --
2023 $1,489 $55,230 $11,040 $44,190
2022 $1,442 $39,250 $7,850 $31,400
2021 $1,482 $33,910 $6,780 $27,130
2020 $1,474 $30,700 $6,140 $24,560
2019 $1,422 $22,960 $4,590 $18,370
2018 $1,382 $21,560 $4,310 $17,250
2017 $1,298 $17,410 $3,480 $13,930
2016 $1,254 $15,050 $3,010 $12,040
2015 $1,202 $12,710 $2,540 $10,170
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6326801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-147