NOT LISTED FOR SALE

192 W Morelos St Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $543,000 - $641,000

6 Beds
-- Bath
2,120 Sq Ft
$276/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $525,000 $248 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,192/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Bogle Junior High School Rated A
  • Ceiling Fan

About This Home

As of November 2021

Wonderful opportunity to own a Tri-plex in the heart of Chandler. Three 2 bedroom/1 bath one story units in great conditions, with long term tenants on a month to month to allow flexibility for new owner to re-position rents closer to fair market values OR for new buyer to occupy one of the units. Big parking lot and good size front yards. Newer AC units. Within walking distance from downtown Chandler, & easy access to the 202 & 101 freeways. Close to schools, restaurants and shopping. NO HOA! Buyer to verify all facts and figures! DRIVE BY ONLY. DO NOT DISTURB TENANTS. Landlord pays water, tenants pay electric.

Last Agent to Sell the Property

Olga Noblitt

1st Dream Realty License #BR557913000 Listed on: 10/07/2021

Last Buyer's Agent

Olga Noblitt

1st Dream Realty License #BR557913000 Listed on: 10/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,068

Year Built

  • Built in 1981

Lot Details

  • 7,928

Home Design

  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • San Marcos Elementary School
  • Bogle Junior High School
  • Hamilton High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 303-62-084

Community Details

Overview

  • 3 Units
  • Building Dimensions are 79X110
  • Chieftain Village 3 Subdivision

Building Details

  • Operating Expense $3,948
  • Gross Income $32,400
  • Net Operating Income $28,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,068

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: AZ Ave and Pecos Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2021
  • Directions: Go West on Pecos Rd to Palm Ln, Right (North) to property on the corner of Palm Ln & Morelos St
  • Road Surface Type: Asphalt
  • Subdivision Name: CHIEFTAIN VILLAGE 3
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1100.0

Schools

  • Elementary School: San Marcos Elementary School
  • High School: Hamilton High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Bogle Junior High School

Lot Info

  • Lot Size: 79X110
  • Additional Parcels: No
  • Parcel #: 303-62-084

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1180.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 28452.0
  • Annual Operating Expense: 3948.0

Tax Info

  • Tax Annual Amount: 1068.0
  • Tax Book Number: 303.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Chopra Tarun
Bought by
Tarun Chopra And Charu G Chopra Family Trust and Chopra
Current Estimated Value
$584,907

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 9, 2021
Sold by
Garcia Javier Venegas and Venegas Javier Solorio
Bought by
Chopra Tarun
Seller's Agent
Olga Noblitt
1st Dream Realty
Buyer's Agent
Olga Noblitt
1st Dream Realty
List Price
$499,900
Sold Price
$525,000
Premium/Discount to List
$25,100
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.82%
Original Mortgage
$393,750
Interest Rate
2.99%

Purchase Details

Listed on
Oct 7, 2021
Closed on
Oct 20, 2021
Sold by
Chopra Charu G
Bought by
Chopra Tarun
Seller's Agent
Olga Noblitt
1st Dream Realty
Buyer's Agent
Olga Noblitt
1st Dream Realty
List Price
$499,900
Sold Price
$525,000
Premium/Discount to List
$25,100
5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
2.99%

Purchase Details

Closed on
Mar 13, 1998
Sold by
Renteria Carlos Medina and Renteria Maria Rayos
Bought by
Garcia Javier Venegas and Venegas Javier Solorio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,049
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 21, 1995
Sold by
Newarski Emil J and Newarski Sandra S
Bought by
Renteria Carlos Medina and Renteria Maria Rayos
Source: Public Records

Range of Values:

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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
Tarun Chopra And Charu G Chopra Family Trust -- None Listed On Document
Chopra Tarun $525,000 Wfg National Title Ins Co
Chopra Tarun -- Wfg National Title Ins Co
Garcia Javier Venegas $110,000 Grand Canyon Title Agency In
Renteria Carlos Medina $80,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chopra Tarun $393,750
Previous Owner Chopra Tarun $393,750
Previous Owner Garcia Javier Venegas $109,049
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $525,000 +5.0% $248 / Sq Ft
11/09/2021 11/09/21 Price Changed $499,900 0.0% $236 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $499,900 -- $236 / 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 $1,094 $11,887 -- --
2024 $1,073 $11,321 -- --
2023 $1,073 $41,280 $8,250 $33,030
2022 $1,039 $28,930 $5,780 $23,150
2021 $1,068 $24,360 $4,870 $19,490
2020 $1,062 $20,450 $4,090 $16,360
2019 $1,025 $16,050 $3,210 $12,840
2018 $995 $13,860 $2,770 $11,090
2017 $935 $13,000 $2,600 $10,400
2016 $903 $12,950 $2,590 $10,360
2015 $866 $11,870 $2,370 $9,500
Source: Public Records

Agents Affiliated with this Home

  • Olga Noblitt

    Seller's Agent in 2021

    Olga Noblitt

    1st Dream Realty

    (480) 225-0705

    2 in this area

    73 Total Sales

    Olga Noblitt
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6303915

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-62-084

Arizona Maricopa County Chandler 85225 Downtown Chandler

192 W Morelos St, Chandler, AZ

This home is located at 192 W Morelos St, Chandler, AZ 85225 since 07 October 2021 and is currently estimated at $584,907, approximately $275 per square foot. This property was built in 1981. 192 W Morelos St is a home located in Maricopa County with nearby schools including San Marcos Elementary School, Bogle 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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