NOT LISTED FOR SALE

209 N Colorado St Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $313,000 - $883,165

-- Bed
3 Baths
-- Sq Ft
7,275 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $150,000

Est. 336% increase in value since last sale

Current estimated payment $3,530/month

15 Days on Market

Highlights

  • Cooling Available
  • Heating System Uses Natural Gas
  • 3-minute walk to Armstrong Park
  • Chandler High School Rated A-

About This Home

As of April 2016

Sold prior to MLS so supplied for comparable purposes.
Fixer-upper Excellent location! Zoned commercial! HVACs on all units! Possible 4th unit was converted years back to just a storage room.
There are few small complex opportunities in Chandler - bring your imagination and your tools! Buyer to verify all items during the due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/20/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/20/2016

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $781

Year Built

  • Built in 1961

Lot Details

  • 7,275

Home Design

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

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 389
  • Assessor Parcel Number 302-62-145-A

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are irr
  • Chandler Subdivision

Building Details

  • Gross Income $13,716
  • Net Operating Income $8,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$781

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd/Arizona Avenue
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: CHANDLER
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 302-62-145-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 13716.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 8475.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 781.0
  • Tax Book Number: 302.00
  • Tax Lot: 389

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
Apr 14, 2016
Sold by
Grant Virginia Sue
Bought by
The Jong Kang & Peishan Kang Family Trus
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%
Current Estimated Value
$654,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,541
Avg. Annual Appreciation
16.55%

Purchase Details

Closed on
Jul 25, 2002
Sold by
Grant Virginia Sue
Bought by
Thornton Patrick M and Thornton Thornton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,162
Interest Rate
6.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 28, 1998
Sold by
Grant Virginia Sue
Bought by
Van Vanbryan and Van Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
7.11%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Jong Kang & Peishan Kang Family Trus $150,000 Chicago Title Agency Inc
Thornton Patrick M $89,900 Fidelity National Title
Van Vanbryan $70,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thornton Patrick M $34,162
Previous Owner Van Vanbryan $61,000
Closed Thornton Patrick M $37,758
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold $150,000 -5.7% --
04/07/2016 04/07/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $159,000 -- --
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 $1,002 $10,715 -- --
2024 $967 $10,205 -- --
2023 $967 $46,950 $9,390 $37,560
2022 $936 $31,760 $6,350 $25,410
2021 $963 $26,600 $5,320 $21,280
2020 $957 $22,010 $4,400 $17,610
2019 $924 $16,810 $3,360 $13,450
2018 $897 $14,920 $2,980 $11,940
2017 $843 $13,030 $2,600 $10,430
2016 $814 $10,860 $2,170 $8,690
2015 $781 $9,720 $1,940 $7,780
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5431299

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-62-145A

Arizona Maricopa County Chandler 85225 Downtown Chandler

209 N Colorado St, 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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