NOT LISTED FOR SALE

111 S Weber Dr Chandler, AZ 85226

West Chandler Neighborhood

Estimated Value: $780,155

-- Bed
-- Bath
4,890 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 17, 2017

Last sale price $445,000 $91 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,526/month

63 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Kyrene de la Paloma School Rated A-

About This Home

As of October 2017

Awesome Location!!! Great Flex Space!!! 4,890 Square foot building divided into two suites with office and warehouse in each. Fully occupied and both tenants have been here long term. Leases are short term to give buyer flexibility to occupy 1 or both of the suites. Suite 1 is 2350 SF and Suite 2 is 2580 SF. ROOM TO INCREASE RENTS and convert to longer term lease if buyer decides to!!!

Last Agent to Sell the Property

Brent Hickey

Central Real Estate Co License #BR014018000 Listed on: 06/08/2017

Last Buyer's Agent

Brent Hickey

Central Real Estate Co License #BR014018000 Listed on: 06/08/2017

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,073

Year Built

  • Built in 1988

Lot Details

  • 4,676 Sq Ft Lot
  • Property is zoned I-1

Home Design

  • Tilt Up Walls
  • Built-Up Roof

Interior Spaces

  • 4,890 Sq Ft Home
  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 111
  • Assessor Parcel Number 301-85-246

Community Details

Overview

  • Southgate Commerce Center Lot 1 Condominium Subdivision

Building Details

  • Gross Income $38,316
  • Net Operating Income $24,245

Property Details

Property Type

Other

Est. Annual Taxes

$5,073

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd and 54th Street
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: I-1
  • Current Use: Service Business, Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1988
  • Tax Year: 2016
  • Lot Size Acres: 0.11
  • Road Surface Type: Dedicated Street
  • Subdivision Name: SOUTHGATE COMMERCE CENTER LOT 1 CONDOMINIUM
  • Structure Type: Commercial, Industrial, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Tilt-Up
  • Roof: Built-Up
  • Construction:Tilt-Up: 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:Public Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Warehouse Evap, Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 4676.0
  • Additional Parcels: No
  • Parcel #: 301-85-246
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 38316.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 24245.0

Tax Info

  • Tax Annual Amount: 5073.0
  • Tax Book Number: 301.00
  • Tax Lot: 111
  • Tax Map Number: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Oct 6, 2017
Sold by
Broughton Properties Llc
Bought by
Ark Investors Llc
Seller's Agent
Brent Hickey
Central Real Estate Co
Buyer's Agent
Brent Hickey
Central Real Estate Co
List Price
$480,000
Sold Price
$445,000
Premium/Discount to List
-$35,000
-7.29%
Current Estimated Value
$780,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,155
Avg. Annual Appreciation
7.21%
Original Mortgage
$382,500
Outstanding Balance
$319,495
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$460,660

Purchase Details

Closed on
Apr 26, 2005
Sold by
Icp 400 Llc
Bought by
Broughton Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,699
Interest Rate
5.99%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Ark Investors Llc $445,000 Old Republic Title Agency
Broughton Properties Llc $416,075 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ark Investors Llc $382,500
Previous Owner Broughton Properties Llc $386,699
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2017 10/17/17 Sold $445,000 -7.3% $91 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $480,000 -- $98 / 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 $5,311 $55,743 -- --
2024 $5,402 $54,748 -- --
2023 $5,402 $89,522 $17,901 $71,621
2022 $5,324 $81,410 $16,275 $65,135
2021 $5,658 $83,178 $16,632 $66,546
2020 $5,538 $80,820 $16,164 $64,656
2019 $5,386 $69,714 $13,932 $55,782
2018 $5,227 $60,606 $12,114 $48,492
2017 $5,003 $56,610 $11,322 $45,288
2016 $5,073 $56,088 $11,214 $44,874
2015 $4,803 $52,041 $10,397 $41,644
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brent Hickey

    Central Real Estate Co

    (480) 707-7444

    1 Total Sale

    Brent Hickey
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5616934

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-85-246

Arizona Maricopa County Chandler 85226 West Chandler

111 S Weber Dr, Chandler, AZ

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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