NOT LISTED FOR SALE

Estimated Value: $662,000 - $796,000

-- Bed
-- Bath
2,314 Sq Ft
$313/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $350,000 $151 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $4,171/month

1 Day on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Individual Controls for Heating
  • Chandler High School Rated A-

About This Home

As of July 2018

Location, Location, Location, This Upscale Duplex Sits in the Tech Capital of Arizona-Chandler and Just a Few Minutes to Downtown. Both Units are 2 Bedroom, 2 Bath with Patios and Full Backyard and Two Car Garages for Each Unit. Very Open Floor Plan Near Local Schools and the 101 and 202 Freeways.Good Cash Flow with This Turnkey Investment. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.

Last Listed By

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 05/28/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,409

Year Built

  • Built in 2001

Lot Details

  • 8,276

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 302-74-015

Community Details

Overview

  • 2 Units
  • Building Dimensions are 76.93x109.68x76.40x109.67
  • Arrowhead Meadows 1 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $6,809
  • Gross Income $25,608
  • Net Operating Income $18,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,409

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Alma School Rd & Chandler Blvd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Year Built: 2001
  • Tax Year: 2017
  • Directions: North on Alma School Rd. West on Flint St. Property is on the south side of the street.
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: ARROWHEAD MEADOWS 1
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size: 76.93x109.68x76.40x109.67
  • Additional Parcels: No
  • Parcel #: 302-74-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 25608.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 18799.0
  • Annual Operating Expense: 6809.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1409.0
  • Tax Book Number: 302.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2021
Sold by
Kousoulas Elias and Kousoulas Paty
Bought by
1059 Flint St Llc
Total Days on Market
1
Current Estimated Value
$724,180

Purchase Details

Listed on
May 28, 2018
Closed on
May 29, 2018
Sold by
Massa Edward P and Massa Claudette K
Bought by
Kousoulas Elias and Kousoulas Paty
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Naushi Hussain
HomeSmart
List Price
$364,900
Sold Price
$350,000
Premium/Discount to List
-$14,900
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%
Original Mortgage
$259,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Massa Edward P and Massa Claudette K
Bought by
Massa Edward P and Massa Claudette K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 31, 2005
Sold by
Massa Edward and Massa Claudette K
Bought by
Massa Edward P and Massa Claudette K

Purchase Details

Closed on
Sep 8, 2003
Sold by
Orozco Mauricio
Bought by
Massa Edward and Massa Claudette K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2002
Sold by
Js & G Family Ltd Partnership Llp
Bought by
Orozco Mauricio

Purchase Details

Closed on
Jun 30, 2000
Sold by
Mastroni Shirley J
Bought by
Js & G Family Ltd Partnership Llp

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
1059 Flint St Llc -- None Available
Kousoulas Elias $350,000 First American Title Insuran
Massa Edward P -- Commonwealth Land Title Ins
Massa Edward P -- --
Massa Edward $270,000 Capital Title Agency Inc
Orozco Mauricio $225,000 Fidelity National Title
Js & G Family Ltd Partnership Llp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kousoulas Elias $250,000
Previous Owner Kousoulas Elias $259,000
Previous Owner Massa Edward P $227,000
Previous Owner Massa Edward $209,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $350,000 -4.1% $151 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/29/2018 05/29/18 Price Changed $364,900 0.0% $158 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/28/2018 05/28/18 For Sale $364,900 -- $158 / 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 $1,649 $17,920 -- --
2024 $1,617 $17,067 -- --
2023 $1,617 $53,570 $10,710 $42,860
2022 $1,566 $37,710 $7,540 $30,170
2021 $1,610 $32,170 $6,430 $25,740
2020 $1,601 $28,660 $5,730 $22,930
2019 $1,545 $25,320 $5,060 $20,260
2018 $1,501 $21,670 $4,330 $17,340
2017 $1,410 $21,630 $4,320 $17,310
2016 $1,362 $19,700 $3,940 $15,760
2015 $1,306 $17,900 $3,580 $14,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5772188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-74-015