NOT LISTED FOR SALE

Estimated Value: $425,000 - $462,000

4 Beds
2 Baths
1,476 Sq Ft
$305/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $409,000 $277 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,511/month

78 Days on Market

Highlights

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

About This Home

As of April 2022

Value Add 3-Unit in strong rental area. Unit mix is one 2/1 unit, two 1/1 units. The property is comprised of two buildings. Building one is the front HOUSE comprised of a 2/1 unit and a 1/1 unit built in 1947. Building two is the rear CASITA comprised of one 1/1 unit, year built unknown. Property is fully occupied on MTM leases and collecting $2800 per month. See RENT ROLL and APOD in Documents. Square footage is approximate, does not include the Casita. Property has Leased Solar System. Non-conforming, Buyer to do own due diligence and verify all facts and figures. Seller is licensed real estate agent. Do not disturb Tenants. No showings prior to executed agreement.

Last Agent to Sell the Property

Wren Martin

Caliber Realty Group, LLC License #BR578365000 Listed on: 12/17/2021

Caliber Realty Group, LLC

Last Buyer's Agent

Cheryl Malcolm

RETSY License #BR646452000

RETSY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $696

Year Built

  • Built in 1947

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • Carport
  • Free Parking
  • On-Street Parking

Schools

  • Galveston Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 50
  • Assessor Parcel Number 302-59-053

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 8394
  • Hoy Homes 1 86 Subdivision

Building Details

  • Operating Expense $7,097
  • Gross Income $31,920
  • Net Operating Income $24,823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$696

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave / Ray Rd.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: SF-8.5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1947
  • Tax Year: 2021
  • Directions: Arizona Ave south to Tulsa, west to property
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: HOY HOMES 1-86
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Solar
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 558.0
  • Annual Water Sewer Expense: 900.0

Schools

  • Elementary School: Galveston Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 8394
  • Additional Parcels: No
  • Parcel #: 302-59-053

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Electric Expense: 303.0
  • Annual Gross Income: 31920.0
  • Insurance Expense: 1042.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 24823.0
  • Annual Operating Expense: 7097.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 696.0
  • Tax Book Number: 302.00
  • Tax Lot: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Mar 21, 2022
Sold by
Soldi Realty Partners Llc
Bought by
Gonzalez Alex and Andrade Marlene
Seller's Agent
Wren Martin
Caliber Realty Group, LLC
Buyer's Agent
Cheryl Malcolm
RETSY
List Price
$465,000
Sold Price
$409,000
Premium/Discount to List
-$56,000
-12.04%
Current Estimated Value
$449,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,514
Avg. Annual Appreciation
2.89%
Original Mortgage
$382,180
Outstanding Balance
$358,239
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$91,694

Purchase Details

Listed on
Aug 31, 2021
Closed on
Sep 27, 2021
Sold by
Konjkav Morjan Yolkar and Roy Marysol L
Bought by
Black Canyon Equity Llc
Seller's Agent
Lisa Wunder
eXp Realty
Buyer's Agent
Timothy Lange
ARRT of Real Estate
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.23%
Original Mortgage
$328,800
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 31, 2021
Closed on
Sep 24, 2021
Sold by
Black Canyon Equity Llc
Bought by
Soldi Realty Partners Llc
Seller's Agent
Lisa Wunder
eXp Realty
Buyer's Agent
Timothy Lange
ARRT of Real Estate
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,800
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Golkar Manoochehr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,600
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2008
Sold by
Ulloa Roberto
Bought by
Hsbc Bank Usa Na and Ace Securities Corp Home Equity Loan Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,600
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2005
Sold by
Ulloa Angel and Ulloa Roberto
Bought by
Ulloa Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
7.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2004
Sold by
Ulloa Angel
Bought by
Ulloa Angel and Ulloa Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,920
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2004
Sold by
Varelas Luis and Varelas Liliana
Bought by
Ulloa Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,920
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 1999
Sold by
Varelas Loreto
Bought by
Varelas Luis and Varelas Liliana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,840
Interest Rate
6.84%
Mortgage Type
Stand Alone First
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
Gonzalez Alex $409,000 Premier Title
Black Canyon Equity Llc $310,000 Magnus Title Agency
Soldi Realty Partners Llc $328,800 First American Title Ins Co
Golkar Manoochehr $125,600 Lsi Title Agency
Hsbc Bank Usa Na $195,765 None Available
Ulloa Roberto -- Premier Title Group Maricopa
Ulloa Angel -- --
Ulloa Angel $129,900 Camelback Title Agency Llc
Varelas Luis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Alex $382,180
Previous Owner Soldi Realty Partners Llc $328,800
Previous Owner Golkar Manoochehr $112,600
Previous Owner Ulloa Roberto $213,750
Previous Owner Ulloa Roberto $164,000
Previous Owner Ulloa Angel $103,920
Previous Owner Varelas Luis $84,840
Closed Ulloa Angel $25,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2022 04/06/22 Sold $409,000 -12.0% $277 / Sq Ft
02/28/2022 02/28/22 For Sale $465,000 +13.7% $315 / Sq Ft
01/05/2022 01/05/22 Off Market $409,000 -- --
12/17/2021 12/17/21 For Sale $465,000 +47.6% $315 / Sq Ft
09/30/2021 09/30/21 Sold $315,000 +5.4% $213 / Sq Ft
08/31/2021 08/31/21 For Sale $299,000 -- $203 / 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 $596 $7,751 -- --
2024 $583 $7,382 -- --
2023 $583 $33,650 $6,730 $26,920
2022 $563 $22,760 $4,550 $18,210
2021 $696 $19,680 $3,930 $15,750
2020 $587 $17,810 $3,560 $14,250
2019 $565 $14,710 $2,940 $11,770
2018 $547 $13,250 $2,650 $10,600
2017 $510 $11,220 $2,240 $8,980
2016 $491 $9,000 $1,800 $7,200
2015 $476 $7,550 $1,510 $6,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6333071

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-59-053