NOT LISTED FOR SALE

1011 E Commonwealth Place Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $632,000 - $913,000

8 Beds
-- Bath
3,142 Sq Ft
$238/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $630,000 $201 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,091/month

25 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Willis Junior High School Rated A-

About This Home

As of October 2022

Great 4-plex in Chandler has had low vacancy and nice location for the tenants. All 4 units are 2 bedroom 1bath rented at $850 per month. Do not disturb the tenants, drive by only.

Last Agent to Sell the Property

Kevin Kludy

Wealth Builder Real Estate Services License #BR526245000 Listed on: 09/07/2022

Co-Listed By

Mark Kludy

Wealth Builder Real Estate Services License #SA634448000

Last Buyer's Agent

Justin Titus

My Home Group Real Estate License #SA687713000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,482

Year Built

  • Built in 1979

Lot Details

  • 8,059

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 303-02-149

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8041 sq ft
  • S & H Apartments Subdivision

Building Details

  • Operating Expense $7,997
  • Gross Income $40,392
  • Net Operating Income $32,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,482

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: McQueen & Chandler Blvd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: South to Commonwealth Pl, east to property
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: wlth01
  • Co List Office Phone: 480-807-3493
  • Subdivision Name: S & H APARTMENTS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • 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:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Heat Pump, 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

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1620.0
  • Annual Water Sewer Expense: 1500.0

Schools

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

Lot Info

  • Lot Size: 8041 sq ft
  • Additional Parcels: No
  • Parcel #: 303-02-149

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 40392.0
  • Insurance Expense: 1715.0
  • Property Net Operating Income: 32395.0
  • Annual Operating Expense: 7997.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1482.0
  • Tax Book Number: 303.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Alex I Hsu Living Trust
Bought by
Common Wealth Inc
Current Estimated Value
$747,534

Purchase Details

Listed on
Sep 7, 2022
Closed on
Oct 13, 2022
Sold by
Black Canyon Equity Llc
Bought by
Alex I Hsu Living Trust
Seller's Agent
Kevin Kludy
Wealth Builder Real Estate Services
Buyer's Agent
Justin Titus
My Home Group Real Estate
List Price
$700,000
Sold Price
$630,000
Premium/Discount to List
-$70,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%

Purchase Details

Listed on
Sep 7, 2022
Closed on
Oct 3, 2022
Sold by
Stapley Commonwealth Llc
Bought by
Black Canyon Equity Llc
Seller's Agent
Kevin Kludy
Wealth Builder Real Estate Services
Buyer's Agent
Justin Titus
My Home Group Real Estate
List Price
$700,000
Sold Price
$630,000
Premium/Discount to List
-$70,000
-10%

Purchase Details

Closed on
Oct 8, 2019
Sold by
Weber Greg David and Weber Lisa Ann
Bought by
Stapley Commonwealth Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,200
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2013
Sold by
Weber Greg and Weber Lisa
Bought by
Stapley Commonwealth Llc

Purchase Details

Closed on
Feb 21, 2013
Sold by
Emerald Investment Group Llc
Bought by
Weber Greg and Weber Lisa

Purchase Details

Closed on
Jul 13, 2009
Sold by
Citibank Na
Bought by
Emerald Investment Group Llc

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
Hamilton Apartments Llc

Purchase Details

Closed on
Jun 30, 2004
Sold by
Cowdrey Greg
Bought by
Steenhard Hendrick Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,850
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Cowdrey Lisa K
Bought by
Cowdrey Greg
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
Common Wealth Inc -- None Listed On Document
Alex I Hsu Living Trust $650,875 First American Title
Black Canyon Equity Llc $630,000 First American Title
Stapley Commonwealth Llc -- Accommodation
Weber Greg David -- Great American Title Agency
Stapley Commonwealth Llc -- None Available
Weber Greg $153,000 Driggs Title Agency Inc
Emerald Investment Group Llc $106,000 Chicago Title
Citibank Na $327,547 None Available
Hamilton Apartments Llc -- None Available
Steenhard Hendrick Chris $183,600 First Financial Title Agency
Cowdrey Greg -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weber Greg David $252,200
Previous Owner Steenhard Hendrick Chris $146,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2022 10/13/22 Sold $630,000 -3.1% $201 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
09/26/2022 09/26/22 Price Changed $650,000 -7.1% $207 / Sq Ft
09/21/2022 09/21/22 For Sale $700,000 0.0% $223 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $700,000 -- $223 / 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 $55,270 $11,050 $44,220
2022 $1,442 $39,270 $7,850 $31,420
2021 $1,482 $33,930 $6,780 $27,150
2020 $1,474 $30,720 $6,140 $24,580
2019 $1,422 $22,970 $4,590 $18,380
2018 $1,382 $21,570 $4,310 $17,260
2017 $1,298 $17,410 $3,480 $13,930
2016 $1,254 $15,060 $3,010 $12,050
2015 $1,202 $12,720 $2,540 $10,180
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kevin Kludy

    Wealth Builder Real Estate Services

    (480) 807-3493

    1 in this area

    8 Total Sales

    Kevin Kludy
    Section Image
  • Mark Kludy

    Seller Co-Listing Agent in 2022

    Mark Kludy

    Wealth Builder Real Estate Services

    1 in this area

    3 Total Sales

    Mark Kludy
    Section Image
  • Justin Titus

    Buyer's Agent in 2022

    Justin Titus

    My Home Group

    (602) 516-9616

    1 in this area

    90 Total Sales

    Justin Titus
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6460401

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-149

Arizona Maricopa County Chandler 85225 East Chandler

1011 E Commonwealth Place, Chandler, AZ

This home is located at 1011 E Commonwealth Place, Chandler, AZ 85225 since 07 September 2022 and is currently estimated at $747,534, approximately $237 per square foot. This property was built in 1979. 1011 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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