2945 E Chipman Rd Phoenix, AZ 85040
South Mountain NeighborhoodEstimated Value: $267,000 - $336,164
--
Bed
1
Bath
917
Sq Ft
$342/Sq Ft
Est. Value
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heat Pump System
About This Home
As of March 2018*DO NOT DISTURB TENANTS* Investor special with great returns and very limited maintenance. Long term tenants have been in place and buyers have option to renew leases in escrow, tenants love their homes and want to stay! Both units are 3 Bedroom - 1 Bathroom -900 square feet with full kitchens and appliances included. Both units are identical to each other and are in high demand always. Home offers a 9% CAP in a market where people are buying for 6%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $823
Year Built
- Built in 2003
Lot Details
- 7,492
Home Design
- Composition Roof
- Block Exterior
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- North High Middle School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tenant pays for water, sewer
- Tax Lot 54
- Assessor Parcel Number 122-60-031
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are IRR
Building Details
- Operating Expense $2,323
- Net Operating Income $17,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 2, 2023
Sold by
Hoffman Kim J
Bought by
2945 Chipman Llc
Current Estimated Value
Purchase Details
Closed on
Nov 16, 2022
Sold by
2945 Chipman Llc
Bought by
Hoffman Kim J and Bradley John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
7.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2022
Sold by
Jamal Bradley John
Bought by
2945 Chipman Llc
Purchase Details
Closed on
Jul 14, 2020
Sold by
Romero Sylvia and The Sylvia Romero Living Trust
Bought by
Bradley John Jamal and Hoffman Kim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 7, 2017
Closed on
Mar 9, 2018
Sold by
Romero Sylvia
Bought by
Romero Sylvia and The Sylvia Romero Living Trust
Seller's Agent
Tanner Lee
One Way Homes
Buyer's Agent
Tanner Lee
One Way Homes
List Price
$199,999
Sold Price
$188,000
Premium/Discount to List
-$11,999
-6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$153,000
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 7, 2017
Closed on
Jan 17, 2018
Sold by
Vedeen Donald
Bought by
Romero Sylvia
Seller's Agent
Tanner Lee
One Way Homes
Buyer's Agent
Tanner Lee
One Way Homes
List Price
$199,999
Sold Price
$188,000
Premium/Discount to List
-$11,999
-6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 7, 2016
Sold by
Picacho Creek Llc
Bought by
Vedeen Donald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 14, 2013
Sold by
Flip University Llc
Bought by
Picacho Creek Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
4.55%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 11, 2013
Sold by
Witten Harold B and Witten Mary L
Bought by
Flip University Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
3.38%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 15, 2004
Sold by
Laguna Homes Llc
Bought by
Witten Harold B and Witten Mary L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2002
Sold by
Hernandez Guadalupe M
Bought by
Basar Edward G and Basar Christine A
Purchase Details
Closed on
Oct 14, 2002
Sold by
Basar Edward G and Basar Christine A
Bought by
Laguna Homes Llc
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2945 Chipman Llc | -- | Professional Escrow Services | |
| Hoffman Kim J | -- | Title365 | |
| 2945 Chipman Llc | -- | Morris Hall Pllc | |
| Bradley John Jamal | $215,000 | Millennium Title Agency Llc | |
| Romero Sylvia | -- | Accommodation | |
| Romero Sylvia | $175,000 | Driggs Title Agency Inc | |
| Vedeen Donald | $140,000 | American Title Svc Agency Ll | |
| Picacho Creek Llc | $150,000 | None Available | |
| Flip University Llc | $78,000 | None Available | |
| Witten Harold B | $179,000 | First Financial Title Agency | |
| Basar Edward G | -- | -- | |
| Laguna Homes Llc | $14,000 | Land Title Agency Of Az Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hoffman Kim J | $226,000 | |
| Previous Owner | Bradley John Jamal | $201,600 | |
| Previous Owner | Bradley John Jamal | $161,250 | |
| Previous Owner | Romero Sylvia | $153,000 | |
| Previous Owner | Vedeen Donald | $105,000 | |
| Previous Owner | Vedeen Donald | $35,000 | |
| Previous Owner | Picacho Creek Llc | $72,500 | |
| Previous Owner | Flip University Llc | $62,400 | |
| Previous Owner | Flip University Llc | $7,800 | |
| Previous Owner | Witten Harold B | $143,200 | |
| Previous Owner | Laguna Homes Llc | $96,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2018 03/01/18 | Sold | $188,000 | -2.5% | $205 / Sq Ft |
| 01/16/2018 01/16/18 | Pending | -- | -- | -- |
| 01/12/2018 01/12/18 | Price Changed | $192,900 | -1.0% | $210 / Sq Ft |
| 12/26/2017 12/26/17 | Price Changed | $194,900 | -2.5% | $213 / Sq Ft |
| 11/07/2017 11/07/17 | For Sale | $199,999 | -- | $218 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $956 | $6,510 | -- | -- |
| 2024 | $929 | $6,200 | -- | -- |
| 2023 | $929 | $23,730 | $4,740 | $18,990 |
| 2022 | $910 | $17,710 | $3,540 | $14,170 |
| 2021 | $929 | $15,280 | $3,050 | $12,230 |
| 2020 | $917 | $14,120 | $2,820 | $11,300 |
| 2019 | $888 | $12,010 | $2,400 | $9,610 |
| 2018 | $864 | $9,770 | $1,950 | $7,820 |
| 2017 | $823 | $7,900 | $1,580 | $6,320 |
| 2016 | $783 | $7,460 | $1,490 | $5,970 |
| 2015 | $737 | $5,950 | $1,190 | $4,760 |
Source: Public Records
Agents Affiliated with this Home
-
Tanner Lee
T
Seller's Agent in 2018
Tanner Lee
One Way Homes
(480) 930-4114
1 in this area
29 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5684631
APN: 122-60-031
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.
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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