NOT LISTED FOR SALE

1965 S Alma School Rd Chandler, AZ 85286

Central Chandler Neighborhood

Estimated Value: $1,811,988

-- Bed
-- Bath
6,051 Sq Ft
$299/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $1,750,000 $289 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,172/month

3 Days on Market

Highlights

  • 0.56 Acre Lot
  • Cooling Available
  • Partially Fenced Property
  • T. Dale Hancock Elementary School Rated A
  • Concrete Flooring
  • Heating Available

About This Home

As of October 2023

Fully occupied neighborhood strip center with stable tenants. Hard to find fee simple smaller commercial property in very good demographic area. SE valley is one of the strongest growth areas in Phoenix Metro area. This 6000 sq. ft, building with 3 tenants has two national tenant neighbors, Walgreens and Burger King, plus a day care and auto repair. All leases are NNN with monthly CAM charges.

Last Agent to Sell the Property

Jeff Yaeger

Property Management Real Estate License #BR007970000 Listed on: 09/01/2023

Co-Listed By

Rebecca Eck

Property Management Real Estate License #SA681904000

Last Buyer's Agent

Ted Dahl

eXp Realty License #SA685547000

eXp Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,933

Year Built

  • Built in 2001

Lot Details

  • 0.56 Acre Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned Commercial

Home Design

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

Interior Spaces

  • 6,051 Sq Ft Home
  • Concrete Flooring

Parking

  • 23 Open Parking Spaces
  • 23 Parking Spaces
  • Private Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 303-27-241

Community Details

Overview

  • Building Dimensions are 189 x 131.5
  • Alma School Center No 2 Subdivision

Building Details

  • Gross Income $115,800
  • Net Operating Income $115,800

Property Details

Property Type

Other

Est. Annual Taxes

$15,933

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Alma School and Germann
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2001
  • Tax Year: 2022
  • Directions: South of 202 one mile to NE corner of Alma School and Germann, right behind the Walgreens.
  • Lot Size Acres: 0.56
  • Road Surface Type: Asphalt, Dedicated Street, Private Street
  • Co List Office Mls Id: ppry01
  • Co List Office Phone: 623-486-5800
  • Subdivision Name: ALMA SCHOOL CENTER NO 2
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Concrete
  • Living Area: 6051.0

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: Other (See Remarks), None
  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Private
  • Attached Garage: No
  • Open Parking Spaces: 23.0
  • Total Parking Spaces: 23.0
  • General Property Description:Uncvrd Parking Spcs: 23.0
  • General Property Description:Total Parking Spcs: 23.0
  • Parking Features Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Office A/C, Warehouse Evap
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 189 x 131.5
  • Lot Size Sq Ft: 24299.0
  • Parcel #: 303-27-241
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 115800.0
  • Property Net Operating Income: 115800.0
  • Leasable Area: 6000.0

Tax Info

  • Tax Annual Amount: 15933.0
  • Tax Book Number: 303.00
  • Tax Lot: 4
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2002
Sold by
Indig Avram and Indig Elizabeth
Bought by
Pink Dahlia Investments Llc
Current Estimated Value
$1,811,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$333,552
Interest Rate
7.13%
Mortgage Type
Commercial
Estimated Equity
$1,452,169
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
Pink Dahlia Investments Llc $1,000,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pink Dahlia Investments Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $1,750,000 0.0% $289 / Sq Ft
09/01/2023 09/01/23 For Sale $1,750,000 -- $289 / 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 $15,816 $166,683 -- --
2024 $15,983 $163,707 -- --
2023 $15,983 $221,816 $82,603 $139,213
2022 $15,933 $214,533 $85,033 $129,500
2021 $16,845 $218,682 $87,462 $131,220
2020 $16,751 $216,864 $85,356 $131,508
2019 $16,164 $200,412 $74,484 $125,928
2018 $15,703 $185,652 $63,288 $122,364
2017 $14,753 $168,588 $58,608 $109,980
2016 $14,250 $150,822 $51,858 $98,964
2015 $14,044 $123,081 $48,563 $74,518
Source: Public Records

Agents Affiliated with this Home

  • Jeff Yaeger

    Seller's Agent in 2023

    Jeff Yaeger

    Property Management Real Estate

    (602) 418-5079

    1 in this area

    7 Total Sales

    Jeff Yaeger
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Rebecca Eck

    Property Management Real Estate

  • T

    Buyer's Agent in 2023

    Ted Dahl

    eXp Realty

    (218) 790-6000

    1 in this area

    20 Total Sales

    Ted Dahl
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6599760

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-27-241

Arizona Maricopa County Chandler 85286 Central Chandler

1965 S Alma School Rd, Chandler, AZ

This home is located at 1965 S Alma School Rd, Chandler, AZ 85286 since 01 September 2023 and is currently estimated at $1,811,988, approximately $299 per square foot. This property was built in 2001. 1965 S Alma School Rd is a home located in Maricopa County with nearby schools including T. Dale Hancock Elementary School, Bogle Junior High School, and Hamilton High School.

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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