NOT LISTED FOR SALE

2370 W Ray Rd Unit 2 Chandler, AZ 85224

Central Ridge Neighborhood
-- Bed
-- Bath
4,597 Sq Ft
4,792 Sq Ft Lot

Last Sold May 01, 2019

Last sale price $4,735 $1 Per Sq Ft

109 Days on Market

About This Home

As of May 2019

• Suite 2: +/- 3,551 SF (Currently Occupied by Seller)
• $21.50 PSF Modified Gross
• Interior: Reception, Conference Room, Eight (8) Private Offices, Break Room, Two (2) Restrooms, One (1) shower
• Great Opportunity for Owner/User to Occupy Suite 2
• Well-Maintained Common Areas - Lush Landscaping
• Convenient Access to the Loop 101 Freeway
• Close Proximity to Whole Foods Market, Starbucks, and Numerous Restaurants and Business Amenities

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 11/19/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2005

Lot Details

  • 4,792 Sq Ft Lot
  • Property is zoned PAD

Home Design

  • 4,597 Sq Ft Home
  • Wood Frame Construction

Parking

  • 15 Open Parking Spaces
  • 17 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Community Details

  • Ray Ranch Professional Plaza Condominium Subdivision

Listing and Financial Details

  • Property Available on 1/1/19
  • The owner pays for (see remarks)
  • Tax Lot P102
  • Assessor Parcel Number 302-95-332

Property Details

Property Type

Other

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: W Ray Rd & N Carnegie Ln
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: PAD
  • Lease Info Annual Lease Price: 76347.0
  • Lease Info Annual Lse Prc P S F: 21.5
  • Lease Info Base Rent Escalation: No
  • Lease Info Lease Year Min Max: 0
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 3551
  • Year Built: 2005
  • Tax Year: 2017
  • Lot Size Acres: 0.11
  • Subdivision Name: RAY RANCH PROFESSIONAL PLAZA CONDOMINIUM
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 4597.0

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 4792.0
  • Additional Parcels: No
  • Parcel #: 302-95-332
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2019-01-01

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Gross, Modified Terms
  • Leasable Area: 3551.0

Tax Info

  • Tax Annual Amount: 7173.0
  • Tax Book Number: 302.00
  • Tax Lot: P102
  • Tax Map Number: 95.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2006
Sold by
Ray Road Office Investors Llc
Bought by
Flores Capital & Asset Management Llc
Total Days on Market
109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,015
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Flores Capital & Asset Management Llc $749,595 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Capital & Asset Management Llc $595,000
Closed Flores Capital & Asset Management Llc $656,591
Closed Flores Capital & Asset Management Llc $193,409
Closed Flores Capital & Asset Management Ll $20,282
Closed Flores Capital & Asset Management Llc $835,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2019 05/01/19 Sold $4,735 -25.6% $1 / Sq Ft
11/19/2018 11/19/18 For Sale $6,362 -- $1 / 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 $9,963 $105,001 -- --
2024 $10,068 $103,126 -- --
2023 $10,068 $160,140 $32,028 $128,112
2022 $10,037 $138,093 $27,615 $110,478
2021 $10,611 $138,474 $27,684 $110,790
2020 $10,552 $132,588 $26,514 $106,074
2019 $10,182 $113,634 $22,716 $90,918
2018 $9,892 $99,846 $19,962 $79,884
2017 $9,294 $89,388 $17,874 $71,514
2016 $8,977 $92,250 $18,450 $73,800
2015 $8,847 $80,957 $16,188 $64,769
Source: Public Records

Agents Affiliated with this Home

  • Tanner Milne

    Seller's Agent in 2019

    Tanner Milne

    The Menlo Group Commercial Real Estate

    (480) 282-2225

    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5848802

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-95-332

Arizona Maricopa County Chandler 85224 Central Ridge

2370 W Ray Rd Unit 2, Chandler, AZ

This home is located at 2370 W Ray Rd Unit 2, Chandler, AZ 85224 since 19 November 2018. This property was built in 2005. 2370 W Ray Rd Unit 2 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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