NOT LISTED FOR SALE

1008 E Commonwealth Place Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $659,234 - $957,000

-- Bed
-- Bath
3,142 Sq Ft
$245/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $400,000 $127 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,433/month

4 Days on Market

Highlights

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

About This Home

As of February 2019

8% CAP RATE!!! This property has everything you're looking for! Located less than a mile from downtown Chandler, great rental area. Major upgrades: all 4 AC units, new roof, & dual pane windows installed just 2yrs ago. 3 new toilets installed and 1 new water heater in the past month. New vinyl plank flooring installed last month in 3 units. Kitchens were remodeled 8yrs ago. Rents are excellent w/ low utility costs and still room to raise rents on 2 units! Units are 2bd/1bth, & washer/dryer hookups. Owner only responsible for Refrigerators & Stoves. Individually metered for electric. Excellent low maintenance property & tenants in place with no pets. Best property on this street, the only 1 with NO shared parking or dumpster!

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 01/04/2019

My Home Group Real Estate

Co-Listed By

Todd Pippin

My Home Group Real Estate License #SA658919000

My Home Group Real Estate

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

  • $1,402

Year Built

  • Built in 1979

Lot Details

  • 8,930

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 303-02-154

Community Details

Overview

  • 4 Units
  • Building Dimensions are 128 X 69
  • S & H Apartments Lot 1 15 Subdivision

Building Details

  • Operating Expense $5,611
  • Net Operating Income $27,816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,402

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
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2018
  • Directions: South on McQueen to Commonwealth and east to property.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: S & H APARTMENTS LOT 1-15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: 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: No Pool

Association/Amenities

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

Fee Information

  • Trash Expense: 1440.0
  • Annual Water Sewer Expense: 1103.0

Schools

  • Elementary School: Rudy G Bologna Elementary
  • High School: Perry High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 128 X 69
  • Additional Parcels: No
  • Parcel #: 303-02-154

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Insurance Expense: 1246.0
  • Maintenance Expense: 220.0
  • Property Net Operating Income: 27816.0
  • Annual Operating Expense: 5611.0

Tax Info

  • Tax Annual Amount: 1402.0
  • Tax Book Number: 303.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Feb 12, 2019
Sold by
Maxfield Melissa C
Bought by
Maxfield Jonathan
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Total Days on Market
4
Current Estimated Value
$770,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,559
Avg. Annual Appreciation
10.88%
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2019
Closed on
Feb 4, 2019
Sold by
Pippin Todd Jon and Pippin Ruth M
Bought by
Maxfield Jonathan
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Todd Pippin
My Home Group Real Estate
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2017
Sold by
Pippin Ruth Marie and Pippin Todd Jon
Bought by
Pippin Todd Jon and Pippin Ruth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 26, 2015
Sold by
Elevation Zero Llc
Bought by
Pippin Todd Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,300
Interest Rate
3.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 25, 2013
Sold by
Pippin Todd
Bought by
Elevation Zero Llc

Purchase Details

Closed on
Jan 7, 2013
Sold by
Pippin Judy
Bought by
Pippin Todd

Purchase Details

Listed on
Aug 7, 2012
Closed on
Aug 14, 2012
Sold by
Shera Reza
Bought by
Pippin Judy
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Ben Arredondo
My Home Group Real Estate
List Price
$149,700
Sold Price
$150,700
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%

Purchase Details

Closed on
Aug 26, 2009
Sold by
Caffrey Bryan
Bought by
Sci Defined Benefit Plan

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:

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Average Value
Not Available
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
Maxfield Jonathan -- Lawyers Title Of Arizona Inc
Maxfield Jonathan $400,000 Lawyers Title Of Arizona Inc
Pippin Todd Jon -- Security Title Agency
Pippin Todd Jon -- None Available
Elevation Zero Llc -- None Available
Pippin Todd -- None Available
Pippin Judy $150,700 First American Title Ins Co
Sci Defined Benefit Plan $128,100 Accommodation
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 $100,000
Open Maxfield Jonathan Paul $392,000
Closed Maxfield Jonathan $400,000
Previous Owner Pippin Todd $245,000
Previous Owner Pippin Todd Jon $68,000
Previous Owner Pippin Todd Jon $286,000
Previous Owner Pippin Todd Jon $83,300
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
02/13/2019 02/13/19 Sold $400,000 -3.6% $127 / Sq Ft
01/04/2019 01/04/19 For Sale $415,000 +175.4% $132 / Sq Ft
08/22/2012 08/22/12 Sold $150,700 +0.7% $48 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
08/07/2012 08/07/12 For Sale $149,700 -- $48 / 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 $1,541 $16,744 -- --
2024 $1,511 $15,947 -- --
2023 $1,511 $55,920 $11,180 $44,740
2022 $1,463 $39,720 $7,940 $31,780
2021 $1,504 $34,430 $6,880 $27,550
2020 $1,496 $31,180 $6,230 $24,950
2019 $1,443 $23,210 $4,640 $18,570
2018 $1,402 $21,760 $4,350 $17,410
2017 $1,317 $17,550 $3,510 $14,040
2016 $1,273 $15,230 $3,040 $12,190
2015 $1,220 $12,830 $2,560 $10,270
Source: Public Records

Agents Affiliated with this Home

  • Ben Arredondo

    Seller's Agent in 2019

    Ben Arredondo

    My Home Group Real Estate

    (480) 206-7077

    3 in this area

    502 Total Sales

    Ben Arredondo
    Section Image

  • T

    Seller Co-Listing Agent in 2019

    Todd Pippin

    My Home Group

    (480) 544-4686

    42 Total Sales

    Todd Pippin
    Section Image
  • Steve Fowler

    Seller's Agent in 2012

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    66 Total Sales

    Steve Fowler
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5863267

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-154

Arizona Maricopa County Chandler 85225 East Chandler

1008 E Commonwealth Place, Chandler, AZ

This home is located at 1008 E Commonwealth Place, Chandler, AZ 85225 since 04 January 2019 and is currently estimated at $770,559, approximately $245 per square foot. This property was built in 1979. 1008 E Commonwealth Place is a home located in Maricopa County with nearby schools including Rudy G Bologna Elementary School, Willis Junior High School, and Champion Schools Chandler.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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