NOT LISTED FOR SALE

125 W Gary Dr Chandler, AZ 85225

North Chandler Neighborhood

Estimated Value: $855,000 - $1,069,000

8 Beds
-- Bath
2,576 Sq Ft
$380/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,050,000 $408 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,258/month

14 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Chandler High School Rated A-

About This Home

As of March 2022

-DOWNTOWN CHANDLER- OPPORTUNITY ZONE. 100% Occupied, and renovated with basic updates/plumbing upgraded in 50% of the property. The property consists of all two-bedroom apartments., new roof, and new HVAC in 2020 for Unit B. Rented at $1300 in two units with patio, and 2 for 1250.. Next door rents are 1475

Last Agent to Sell the Property

Shamile Botzman

Cluff Real Estate LLC License #SA633919000 Listed on: 02/17/2022

Last Buyer's Agent

Robert Dishman

Ownit Realty License #SA627419000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1964

Lot Details

  • 9,496

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Hartford Sylvia Encinas Elementary School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 20
  • Assessor Parcel Number 302-73-020

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9505
  • Olsen Addition Subdivision

Building Details

  • Operating Expense $6,315
  • Gross Income $70,800
  • Net Operating Income $64,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,370

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Arizona Avenue & Ray Rd.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: OLSEN ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • 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
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 726.0
  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 894.0

Schools

  • Elementary School: Hartford Sylvia Encinas Elementary
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: 9505
  • Additional Parcels: No
  • Parcel #: 302-73-020

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 350.0
  • Annual Gross Income: 70800.0
  • Insurance Expense: 1275.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 64485.0
  • Annual Operating Expense: 6315.0

Tax Info

  • Tax Annual Amount: 1370.0
  • Tax Book Number: 302.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 30, 2022
Sold by
125 W Gary Drive Llc
Bought by
Nguyen Chad
Seller's Agent
Shamile Botzman
Cluff Real Estate LLC
Buyer's Agent
Robert Dishman
Ownit Realty
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$978,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$71,221
Avg. Annual Appreciation
-1.88%
Original Mortgage
$787,000
Outstanding Balance
$740,555
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$238,224

Purchase Details

Closed on
May 13, 2021
Sold by
Varela Danya M Diaz
Bought by
125 W Gary Drive Llc

Purchase Details

Listed on
Apr 23, 2020
Closed on
Jul 20, 2020
Sold by
Sanchez Raymond and Liu Haijie
Bought by
Varela Danya M Diaz
Seller's Agent
Mike Zahn
Real Broker
Buyer's Agent
Shamile Botzman
Cluff Real Estate LLC
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.48%
Original Mortgage
$344,016
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 15, 2011
Closed on
Mar 29, 2012
Sold by
Pkk Investments Llc
Bought by
Sanchez Raymond and Liu Haijie
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Terry Kass
Coldwell Banker Commercial Realty
List Price
$149,000
Sold Price
$140,000
Premium/Discount to List
-$9,000
-6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Original Mortgage
$99,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2011
Sold by
Wasta Llc
Bought by
Pkk Investments Llc

Purchase Details

Closed on
May 17, 2011
Sold by
Renteria Juan and Renteria Josefina O
Bought by
Wasta Llc

Purchase Details

Closed on
Apr 25, 2006
Sold by
Renteria Josefina
Bought by
Renteria Juan and Renteria Josefina O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 5, 2003
Sold by
Cannon David
Bought by
Renteria Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2003
Sold by
Renteria Juan
Bought by
Renteria Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Steenhard Hendrick C
Bought by
Cannon David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2002
Sold by
Davern Donald John and Mackenzie Heather
Bought by
Steenhard Hendrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
6.84%
Mortgage Type
Commercial

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
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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
Nguyen Chad $1,050,000 Great American Title
125 W Gary Drive Llc -- None Available
Varela Danya M Diaz $410,000 Great American Title Agency
Sanchez Raymond $140,000 Chicago Title Agency Inc
Pkk Investments Llc $93,000 Chicago Title
Wasta Llc $72,000 Security Title Agency
Renteria Juan -- Commonwealth Land Title Ins
Renteria Josefina $220,000 Security Title Agency
Renteria Josefina -- Security Title Agency
Cannon David $180,000 Fidelity National Title
Steenhard Hendrick C $157,000 North American Title Co
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 Nguyen Chad $787,000
Previous Owner Varela Danya M Diaz $344,016
Previous Owner Sanchez Raymond $99,000
Previous Owner Renteria Juan $185,000
Previous Owner Renteria Josefina $154,000
Previous Owner Renteria Josefina $154,000
Previous Owner Cannon David $144,000
Previous Owner Steenhard Hendrick C $125,600
Closed Steenhard Hendrick C $15,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $1,050,000 0.0% $408 / Sq Ft
02/16/2022 02/16/22 For Sale $1,050,000 +156.1% $408 / Sq Ft
07/17/2020 07/17/20 Sold $410,000 +2.5% $159 / Sq Ft View Prior Sale
06/19/2020 06/19/20 For Sale $399,900 -2.5% $155 / Sq Ft
06/05/2020 06/05/20 Off Market $410,000 -- --
04/23/2020 04/23/20 For Sale $399,900 +185.6% $155 / Sq Ft
03/30/2012 03/30/12 Sold $140,000 -6.0% $217 / Sq Ft View Prior Sale
02/10/2012 02/10/12 Pending -- -- --
10/15/2011 10/15/11 For Sale $149,000 -- $231 / 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 $1,486 $15,898 -- --
2024 $1,435 $15,141 -- --
2023 $1,435 $42,610 $8,520 $34,090
2022 $1,389 $33,130 $6,620 $26,510
2021 $1,428 $29,600 $5,920 $23,680
2020 $1,420 $28,010 $5,600 $22,410
2019 $1,370 $21,850 $4,370 $17,480
2018 $1,331 $16,530 $3,300 $13,230
2017 $1,251 $18,070 $3,610 $14,460
2016 $1,208 $15,660 $3,130 $12,530
2015 $1,158 $14,710 $2,940 $11,770
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shamile Botzman

    Cluff Real Estate LLC

  • Robert Dishman

    Buyer's Agent in 2022

    Robert Dishman

    Ownit Realty

    (480) 217-9507

    1 in this area

    17 Total Sales

    Robert Dishman
    Section Image
  • Mike Zahn

    Seller's Agent in 2020

    Mike Zahn

    Real Broker

    (602) 574-6400

    103 Total Sales

    Mike Zahn
    Section Image
  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    22 Total Sales

    Terry Kass
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6356619

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-73-020

Arizona Maricopa County Chandler 85225 North Chandler

125 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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