$150,700
SOLD AUG 22, 2012

1008 E Commonwealth Place Chandler, AZ 85225

East Chandler Neighborhood
-- Bed
-- Bath
3,142 Sq Ft
8,930 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

1% Above List Price

1 Day on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Willis Junior High School Rated A-

About This Home

As of February 2019

Great Chandler Fourplex, single level
making for easy upkeep. Recently Rehabbed
Newer Kitchens, flooring and paint. Great
for investor or owner occupant. All facts
and figures approximate, buyer to verify
to their satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 08/07/2012

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Ben Arredondo

My Home Group Real Estate License #SA556873000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,715

Year Built

  • Built in 1979

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Willis Junior High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • 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 8947
  • S & H Apartments Lots 1 15 Subdivision

Building Details

  • Operating Expense $7,715
  • Gross Income $22,800
  • Net Operating Income $15,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,715

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: N McQueen Rd and E Chandler Blvd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Res
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2010
  • Directions: South on McQueen to Commonwealth and east to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: S & H Apartments Lots 1-15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: 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:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 8947
  • Additional Parcels: No
  • Parcel #: 303-02-154

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 22800.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 15085.0
  • Annual Operating Expense: 7715.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1715.0
  • 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%
Current Estimated Value
$754,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,456
Avg. Annual Appreciation
10.55%
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
13.34%

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
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Warranty Deed $400,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Security Title Agency
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Cash Sale Deed $150,700 First American Title Ins Co
Trustee Deed $128,100 Accommodation
Interfamily Deed Transfer -- North American Title Co
Warranty Deed $425,000 North American Title Co
Warranty Deed $1,500,000 First Financial Title Agency
Cash Sale Deed $1,260,000 First Financial Title Agency
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Open $392,000 New Conventional
Closed $400,000 New Conventional
Previous Owner $245,000 New Conventional
Previous Owner $68,000 Future Advance Clause Open End Mortgage
Previous Owner $286,000 New Conventional
Previous Owner $83,300 Unknown
Previous Owner $276,250 New Conventional
Previous Owner $1,197,000 New Conventional
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4800317

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-154