$397,500
SOLD JAN 8, 2021
-- Bed
-- Bath
750 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$530 Per Sq Ft

14% Above List Price

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Bogle Junior High School Rated A

About This Home

As of August 2021

GREAT INCOME PROPERTY IN THE HEART OF DOWNTOWN CHANDLER. SINGLE FAMILY HOUSE HAS TRI-PLEX BEHIND / TENANTS PAY ELECTRIC, GAS AND CABLE / OWNER PAYS WATER/TRASH. MAIN HOUSE WAS BUILT 1950.CALL TO SCHEDULE APPT, DRIVE-BY ONLY DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

William Ryan

Infinity & Associates Real Estate License #BR004517000 Listed on: 11/20/2020

Co-Listed By

Jared Ryan

Infinity & Associates Real Estate License #SA670045000

Last Buyer's Agent

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,389

Year Built

  • Built in 1984

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Wood
  • Concrete
  • Vinyl

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces

Schools

  • San Marcos Elementary School
  • John M Andersen Jr High Middle School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 303-19-099-c

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $1,389
  • Net Operating Income $22,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,389

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: ARIZONA AVE & FRYE
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: South on Arizona Ave to Elgin, West on Elgin to home.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: rein001
  • Co List Office Phone: 480-821-4232
  • Tax Parcel Letter: c
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood, Concrete
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: San Marcos Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: John M Andersen Jr High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 303-19-099-c

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Property Net Operating Income: 22400.0
  • Annual Operating Expense: 1389.0

Tax Info

  • Tax Annual Amount: 1389.0
  • Tax Book Number: 303.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
James Botzman Erik and James Shamile
Bought by
Kimchi Llc
Current Estimated Value
$614,875

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 9, 2021
Sold by
Holsinger Wayne T and The Holsinger Family Revocable
Bought by
Botzman Erik James and Botzman Shamile
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Shamile Botzman
Cluff Real Estate LLC
List Price
$699,900
Sold Price
$690,000
Premium/Discount to List
-$9,900
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.78%
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2020
Closed on
Jan 6, 2021
Sold by
Bautista Ramiro A and Bautista Luz N
Bought by
Holsinger Wayne T and The Herminia Family Revocable
Seller's Agent
William Ryan
Infinity & Associates Real Estate
Buyer's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
List Price
$350,000
Sold Price
$397,500
Premium/Discount to List
$47,500
13.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
136.72%

Purchase Details

Closed on
Apr 20, 2006
Sold by
Kalatsky Matthew and Kalatsky Dana Hale
Bought by
Bautista Ramiro A and Bautista Luz N

Purchase Details

Closed on
Dec 8, 2002
Sold by
Juarez Lilia
Bought by
Kalatsky Matthew and Kalatsky Dana Hale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,600
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2002
Sold by
Meade Adell M
Bought by
Juarez Lilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.15%
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 Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Warranty Deed $690,000 Great American Ttl Agcy Inc
Warranty Deed $397,500 Title Alliance Infinity Agcy
Cash Sale Deed $255,000 Title Guaranty Agency Of Az
Warranty Deed $225,000 Security Title Agency
Warranty Deed $114,900 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $548,250 New Conventional
Previous Owner $216,600 Commercial
Previous Owner $75,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $690,000 -1.4% $920 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $699,900 +1.4% $933 / Sq Ft
07/08/2021 07/08/21 Off Market $690,000 -- --
01/08/2021 01/08/21 Sold $397,500 +13.6% $530 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $350,000 -- $467 / 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 $1,430 $15,547 -- --
2024 $1,403 $14,806 -- --
2023 $1,403 $59,410 $6,600 $52,810
2022 $1,359 $40,200 $4,460 $35,740
2021 $1,397 $33,410 $3,710 $29,700
2020 $1,389 $30,960 $3,440 $27,520
2019 $1,340 $20,910 $2,320 $18,590
2018 $1,302 $18,370 $2,040 $16,330
2017 $1,223 $20,080 $2,230 $17,850
2016 $1,182 $17,700 $1,960 $15,740
2015 $1,133 $16,570 $1,840 $14,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6163071

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-19-099C