NOT LISTED FOR SALE

2340 W Ray Rd Unit 1 Chandler, AZ 85224

Central Ridge Neighborhood

Estimated Value: $583,296

-- Bed
-- Bath
4,129 Sq Ft
$141/Sq Ft Est. Value

Last Sold December 20, 2017

Last sale price $318,000 $77 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,561/month

43 Days on Market

Highlights

  • Meeting Room
  • Ceramic Tile Flooring
  • Heating Available
  • Chandler Traditional Academy - Goodman Rated A
  • Central Air

About This Home

As of December 2017

Centrally located Chandler office condo. Boasts 5 private offices, a large reception station and a conference room with french doors. Tax records show 1554sf but it we have other information indicating that it could be 1620sf. Easy access to the 101 and 202. 5 minutes away from the Chandler Mall, popular restaurants and grocery stores including: Valle Luna, Pita Jungle, Whole Foods, Fry's, Starbucks and Spouts.

Last Agent to Sell the Property

Lane Dixon

Realty ONE Group License #SA104994000 Listed on: 09/13/2017

Co-Listed By

Taylor Cunha

Redfin Corporation

Last Buyer's Agent

David Ryan

West USA Realty License #SA642305000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,988

Year Built

  • Built in 2005

Lot Details

  • 1,610 Sq Ft Lot
  • Property is zoned PAD

Home Design

  • 4,129 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Metal Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Public Parking
  • 2 Covered Spaces
  • Private Parking
  • Free Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot M101
  • Assessor Parcel Number 302-95-424

Community Details

Amenities

  • Meeting Room
  • Reception Area

Additional Features

  • Ray Ranch Professional Plaza Condominium Bldg M 1St Amd Mcr 1088 03 Unit 1 Subdivision
  • Operating Expense $7,138

Property Details

Property Type

Other

Est. Annual Taxes

$2,988

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: W Ray and Dobson
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: PAD
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2016
  • Directions: East on Ray from the 101. Property is on the left before Dobson. Right at the traffic circle. Building is on the left ''Criminal Defense Lawyers''.
  • Lot Size Acres: 0.04
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: RAY RANCH PROFESSIONAL PLAZA CONDOMINIUM BLDG M 1ST AMD MCR 1088-03 UNIT 1
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 4129.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Frame - Wood, Stucco, Metal Siding
  • Roof: Tile
  • Construction:Metal: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Private Parking, Public Parking, Free
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Reception Room
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 1610.0
  • Parcel #: 302-95-424
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 550.0
  • Annual Operating Expense: 7138.0

Tax Info

  • Tax Annual Amount: 2988.0
  • Tax Book Number: 302.00
  • Tax Lot: M101
  • Tax Map Number: 95.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Dec 17, 2017
Sold by
Ray Ranch Property Llc
Bought by
Ryan Law Properties Llc
Seller's Agent
Lane Dixon
Realty ONE Group
Buyer's Agent
David Ryan
West USA Realty
List Price
$339,900
Sold Price
$318,000
Premium/Discount to List
-$21,900
-6.44%
Total Days on Market
43
Current Estimated Value
$583,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,296
Avg. Annual Appreciation
8.60%
Original Mortgage
$238,500
Outstanding Balance
$203,394
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$385,957

Purchase Details

Closed on
Jun 12, 2007
Sold by
Gonzalez Alex D and Smith Michael J
Bought by
Ray Ranch Property Llc

Purchase Details

Closed on
Dec 8, 2006
Sold by
Ray Road Office Investors Llc
Bought by
Carabajal Joe E and Torruella Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.22%
Mortgage Type
New Conventional
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
Ryan Law Properties Llc $318,000 Millennium Title Agency Llc
Ray Ranch Property Llc -- Tsa Title Agency
Carabajal Joe E $298,000 Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Law Properties Llc $238,500
Previous Owner Carabajal Joe E $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2017 12/20/17 Sold $318,000 -3.6% $77 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/06/2017 10/06/17 Price Changed $329,900 -2.9% $80 / Sq Ft
09/13/2017 09/13/17 For Sale $339,900 -- $82 / 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 $3,589 $37,819 -- --
2024 $3,626 $37,144 -- --
2023 $3,626 $54,587 $10,914 $43,673
2022 $3,615 $48,038 $9,608 $38,430
2021 $3,822 $48,096 $9,612 $38,484
2020 $3,801 $46,494 $9,288 $37,206
2019 $3,668 $40,320 $8,064 $32,256
2018 $3,563 $35,820 $7,164 $28,656
2017 $3,347 $32,040 $6,408 $25,632
2016 $3,233 $32,868 $6,570 $26,298
2015 $3,186 $29,564 $5,902 $23,662
Source: Public Records

Agents Affiliated with this Home

  • Lane Dixon

    Seller's Agent in 2017

    Lane Dixon

    Realty One Group

    (602) 292-8373

    21 Total Sales

    Lane Dixon
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Taylor Cunha

    Redfin Corporation

  • David Ryan

    Buyer's Agent in 2017

    David Ryan

    West USA Realty

    (480) 694-6044

    1 in this area

    32 Total Sales

    David Ryan
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5659679

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-95-424

Arizona Maricopa County Chandler 85224 Central Ridge

2340 W Ray Rd Unit 1, Chandler, AZ

This home is located at 2340 W Ray Rd Unit 1, Chandler, AZ 85224 since 13 September 2017 and is currently estimated at $583,296, approximately $141 per square foot. This property was built in 2005. 2340 W Ray Rd Unit 1 is a home located in Maricopa County with nearby schools including Chandler Traditional Academy - Goodman, Andersen Junior High School, and Chandler 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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