NOT LISTED FOR SALE

241 S Washington St Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $654,174

-- Bed
-- Bath
3,126 Sq Ft
$209/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $375,000 $120 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,624/month

161 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Community Kitchen
  • Chandler High School Rated A-
  • 0.17 Acre Lot
  • Stone Flooring

About This Home

As of December 2017

Significant additional Parking may be available depending on use!!!
Right in the heart of Downtown Chandler! Perfect location with so many options….beautifully built out, 100% air conditioned office/ warehouse. 3,100sf building that is approximately 50% office and 50% warehouse and currently zoned C-3. Be right in the center of Chandler Downtown growth. City open to many different uses.

Last Agent to Sell the Property

Douglas Davies

DMD Real Estate Group License #SA515224000 Listed on: 05/25/2017

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,133

Year Built

  • Built in 1975

Lot Details

  • 7,500 Sq Ft Lot
  • Security Fence
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned C-3

Home Design

  • 3,126 Sq Ft Home
  • Foam Roof
  • Metal Siding
  • Stucco

Flooring

  • Stone
  • Concrete

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • 220 Volts

Listing and Financial Details

  • Tax Lot h
  • Assessor Parcel Number 303-10-080

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Recreation

  • Fitness Center

Additional Features

  • Chandler Subdivision
  • Operating Expense $2,133
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$2,133

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Frye Rd. and Arizona Ave
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Bay Info Bay Door Height: 10.0
  • Bay Info Bay Size: 50
  • Bay Info Max Span Lineal Ft: 12.0
  • Current Use: Mixed Use, Office, Warehouse
  • Number Of Buildings: 1
  • Year Built: 1975
  • Tax Year: 2016
  • Lot Size Acres: 0.17
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: CHANDLER
  • Structure Type: Commercial, Industrial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete, Other

Exterior Features

  • Fencing: Security, Block, Chain Link
  • Construction Type: Stucco, Metal Siding
  • Roof: Foam
  • Construction:Metal: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 220 Volts, APS
  • Cooling: Warehouse A/C, Office A/C
  • Heating: 2 or More Units, Electric, Natural Gas
  • Green Building Features: Conference Room, Exercise Room, Reception Room, Kitchen, Showers - Office, Security Gate
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Office Heated: Yes
  • Heating:Warehouse Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Exercise Room: Yes
  • Amenities:Showers - Office: Yes
  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 7500.0
  • Additional Parcels: No
  • Parcel #: 303-10-080
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 2133.0

Tax Info

  • Tax Annual Amount: 2133.0
  • Tax Book Number: 303.00
  • Tax Lot: h
  • Tax Map Number: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Dec 22, 2017
Sold by
Dms Properties Llc
Bought by
Jam Management Llc
Seller's Agent
Douglas Davies
DMD Real Estate Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$499,000
Sold Price
$375,000
Premium/Discount to List
-$124,000
-24.85%
Current Estimated Value
$654,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,174
Avg. Annual Appreciation
7.37%
Original Mortgage
$300,000
Outstanding Balance
$252,639
Interest Rate
3.95%
Mortgage Type
Commercial
Estimated Equity
$401,535

Purchase Details

Closed on
Jan 6, 2012
Sold by
Quality Properties Asset Management Comp
Bought by
Dms Properties Llc

Purchase Details

Closed on
Apr 12, 2011
Sold by
Team Luscombe Llc
Bought by
Quality Properties Asset Management Comp

Purchase Details

Closed on
Jul 14, 2006
Sold by
Vandermark Shirley D
Bought by
Team Luscombe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,540
Interest Rate
6.76%
Mortgage Type
Commercial
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
Jam Management Llc $375,000 Wfg National Title Insurance
Dms Properties Llc $62,000 Thomas Title & Escrow
Quality Properties Asset Management Comp -- None Available
Team Luscombe Llc $180,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jam Management Llc $300,000
Previous Owner Team Luscombe Llc $129,540
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $375,000 -6.2% $120 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
08/11/2017 08/11/17 Price Changed $399,900 -10.9% $128 / Sq Ft
06/29/2017 06/29/17 Price Changed $449,000 -10.0% $144 / Sq Ft
05/23/2017 05/23/17 For Sale $499,000 -- $160 / 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 $2,397 $17,979 -- --
2024 $2,374 $17,658 -- --
2023 $2,374 $25,636 $18,632 $7,004
2022 $2,335 $26,495 $20,090 $6,405
2021 $2,431 $27,108 $20,664 $6,444
2020 $2,417 $27,594 $21,258 $6,336
2019 $2,326 $27,018 $20,772 $6,246
2018 $2,297 $19,710 $13,896 $5,814
2017 $2,191 $17,676 $12,870 $4,806
2016 $2,127 $15,984 $11,484 $4,500
2015 $2,110 $12,988 $9,232 $3,756
Source: Public Records

Agents Affiliated with this Home

  • Douglas Davies

    Seller's Agent in 2017

    Douglas Davies

    DMD Real Estate Group

    (602) 550-8989

    3 Total Sales

    Douglas Davies
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5610246

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-10-080

Arizona Maricopa County Chandler 85225 Downtown Chandler

241 S Washington St, Chandler, AZ

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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