NOT LISTED FOR SALE

Estimated Value: $471,415

-- Bed
-- Bath
1,541 Sq Ft
2004 Built

Last Sold May 14, 2015

Last sale price $242,080 $157 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,931/month

259 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Chandler Traditional Academy - Goodman Rated A

About This Home

As of May 2015

Great Chandler Medical Office in Ray Ranch Professional Plaza ** This very nicely appointed office features a waiting room, reception desk, three exam rooms, lab room, nurses station, chart/office record/storage room, 2 administrative offices, 2 bathrooms, and a kitchenette/break room ** Furniture medial/office equipment may be purchased separately ** Attractive landscaping and stable building ownership in complex ** The current tenant/owner is still in practice here so confidentiality is paramount ** Please call listing agent for details.

Last Agent to Sell the Property

Rick Padelford

Realty Executives License #SA030962000 Listed on: 07/07/2014

Realty Executives

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,177

Year Built

  • Built in 2004

Home Design

  • 1,541 Sq Ft Home
  • Wood Frame Construction
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Public Parking
  • 2 Covered Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Ray Ranch Professional Plaza Subdivision
  • Operating Expense $9,143

Listing and Financial Details

  • Tax Lot 1101
  • Assessor Parcel Number 302-95-314

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,177

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Ray and 101
  • Property Type: Comm/Industry Sale
  • Zoning: PAD
  • Number Of Buildings: 1
  • Ownership: Condominium
  • Year Built: 2004
  • Tax Year: 2013
  • Directions: East to Ray Ranch Professional Plaza on the north side of Ray (turn north on Bullmoose, then east into the complex). Office is centrally located with this building fronting Ray Road.
  • Subdivision Name: Ray Ranch Professional Plaza
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 1541.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco
  • Roof: See Remarks
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 0.04
  • Parcel #: 302-95-314
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 1800.0
  • Insurance Expense: 1084.0
  • Annual Operating Expense: 9143.0

Tax Info

  • Tax Annual Amount: 3177.0
  • Tax Book Number: 302.00
  • Tax Lot: 1101
  • Tax Map Number: 95.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2017
Sold by
Kassh Properties Llc
Bought by
Malik Md Clinic Llc
Total Days on Market
259
Current Estimated Value
$471,415

Purchase Details

Closed on
Aug 2, 2016
Sold by
Markovich Llc
Bought by
Kassh Properties Llc

Purchase Details

Listed on
Jul 7, 2014
Closed on
May 14, 2015
Sold by
Rigden Properties Llc
Bought by
Markovich Llc
Seller's Agent
Rick Padelford
Realty Executives
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$285,000
Sold Price
$242,080
Premium/Discount to List
-$42,920
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$193,664
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2005
Sold by
Ray Road Office Investors Llc
Bought by
Rigden Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,752
Interest Rate
5.92%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Malik Md Clinic Llc $250,000 Pioneer Title Agency Inc
Kassh Properties Llc $250,000 Chicago Title Agency Inc
Markovich Llc $242,080 Grand Canyon Title Agency
Rigden Properties Llc $234,960 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Markovich Llc $193,664
Previous Owner Rigden Properties Llc $191,752
Previous Owner Rigden Properties Llc $155,000
Closed Rigden Properties Llc $148,469
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2015 05/14/15 Sold $242,080 -15.1% $157 / Sq Ft
03/19/2015 03/19/15 Pending -- -- --
07/03/2014 07/03/14 For Sale $285,000 -- $185 / 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 $3,537 $37,272 -- --
2024 $3,574 $36,606 -- --
2023 $3,574 $50,184 $10,030 $40,154
2022 $3,563 $44,206 $8,838 $35,368
2021 $3,767 $44,298 $8,856 $35,442
2020 $3,746 $42,984 $8,586 $34,398
2019 $3,614 $37,296 $7,452 $29,844
2018 $3,511 $33,120 $6,624 $26,496
2017 $3,299 $29,664 $5,922 $23,742
2016 $3,187 $30,510 $6,102 $24,408
2015 $3,140 $27,436 $5,476 $21,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5141006

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-95-314