NOT LISTED FOR SALE

101 W Gary Dr Chandler, AZ 85225

North Chandler Neighborhood

Estimated Value: $410,297 - $1,042,000

1 Bed
-- Bath
2,576 Sq Ft
$267/Sq Ft Est. Value

Last Sold May 08, 2014

Last sale price $185,000 $72 Per Sq Ft

Est. 272% increase in value since last sale

Current estimated payment $3,739/month

148 Days on Market

Highlights

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

About This Home

As of May 2014

All two bedroom units! Also available, 1061 N California and 124 W Gary Drive-all in the same cul-de-sac! Opportunity to purchase 12 units with residential financing! Great Chandler Location! Storage for all units and each building has a house meter - potential to install laundry! Buyer to verify all items prior to close of escrow.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 11/12/2013

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Michael Molina

Connect Realty.com Inc. License #SA567348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $961

Year Built

  • Built in 1964

Lot Details

  • 9,975

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 302-73-019

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Olsen Addition Subdivision

Building Details

  • Operating Expense $5,711
  • Gross Income $22,140
  • Net Operating Income $16,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$961

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Ray Road/Arizona Ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Olsen Addition
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • 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: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 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

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 954.0

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 302-73-019

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 196.0
  • Annual Gross Income: 22140.0
  • Insurance Expense: 700.0
  • Maintenance Expense: 1750.0
  • Property Net Operating Income: 16427.0
  • Annual Operating Expense: 5711.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 961.0
  • Tax Book Number: 302.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2020
Sold by
Molina Teodoro V and Molina Minnie D
Bought by
Molina Teodoro V and Molina Minnie D
Current Estimated Value
$689,074

Purchase Details

Listed on
Nov 12, 2013
Closed on
May 6, 2014
Sold by
Lacson Augustine and Lacson Linda
Bought by
Molina Theodere and Molina Minnie
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michael Molina
Connect Realty.com Inc.
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$125,000
Outstanding Balance
$95,336
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$593,738

Purchase Details

Closed on
Mar 11, 2002
Sold by
Davern Donald John and Mackenzie Heather
Bought by
Lacson Augustin and Lacson Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,300
Interest Rate
6.85%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 14, 1999
Sold by
Mackenzie Heather Claire
Bought by
Davern Donald John and Mackenzie Heather

Purchase Details

Closed on
Apr 15, 1999
Sold by
Davern Donald J
Bought by
Mackenzie Heather Claire
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Molina Teodoro V -- None Available
Molina Theodere $185,000 Chicago Title Agency Inc
Lacson Augustin $149,000 Transnation Title Insurance
Davern Donald John -- Transnation Title Insurance
Mackenzie Heather Claire -- Transnation Title Ins Co
Mackenzie Heather Claire $122,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molina Theodere $125,000
Previous Owner Lacson Augustin $104,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2014 05/08/14 Sold $185,000 -7.5% $72 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
11/12/2013 11/12/13 For Sale $200,000 -- $78 / 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 $1,494 $15,983 -- --
2024 $1,442 $15,222 -- --
2023 $1,442 $42,830 $8,560 $34,270
2022 $1,397 $33,310 $6,660 $26,650
2021 $1,436 $29,800 $5,960 $23,840
2020 $1,428 $28,180 $5,630 $22,550
2019 $1,378 $21,950 $4,390 $17,560
2018 $1,339 $18,350 $3,670 $14,680
2017 $1,257 $18,130 $3,620 $14,510
2016 $1,215 $15,750 $3,150 $12,600
2015 $1,165 $14,770 $2,950 $11,820
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lois Kaipainen

    Income Property Shop

    Section Image

  • M

    Buyer's Agent in 2014

    Michael Molina

    Connect Realty.com Inc.

    (480) 694-7760

    10 Total Sales

    Michael Molina
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5029792

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-73-019

Arizona Maricopa County Chandler 85225 North Chandler

101 W Gary Dr, Chandler, AZ

Not Listed for Sale

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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