NOT LISTED FOR SALE

3 N Naco Way Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $786,000 - $1,066,000

8 Beds
-- Bath
3,051 Sq Ft
$298/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $968,500 $317 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,208/month

39 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Willis Junior High School Rated A-

About This Home

As of August 2022

NEWLY RENOVATED!! Everything is BRAND NEW! BEAUTIFUL 2 Bedroom/ 1 Bathroom 4 plex at Chandler/McQueen in Chandler, AZ! All 4 apartments have NEW laminate flooring, new ceiling fans, new kitchen and bathroom cabinets, new appliances, new track lighting in the kitchen, fresh paint all over, new roof, and new dual pane windows. Kitchens have all NEW stainless appliances, including a refrigerator, stove, built-in microwave, and dishwasher! Washer/Dryer hook-ups are off of the kitchen hidden away in a laundry closet! Tenants all pay 1/4 share of water/sewer/trash bill. No HOA dues. Drive by only--DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000 Listed on: 05/19/2022

Last Buyer's Agent

Cynthia Thompson

RE/MAX Alliance Group License #BR649299000

RE/MAX Alliance Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,475

Year Built

  • Built in 1979

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Rudy G Bologna Elementary School
  • Willis Junior High School
  • Perry High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 303-02-152

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8999

Building Details

  • Operating Expense $9,275
  • Gross Income $74,393
  • Net Operating Income $64,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,475

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: E CHANDLER BLVD/ S MCQUEEN RD
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: From N Arizona Ave/ East on Chandler Blvd/ Right onto McQueen Road/ Left toward Naco Way/ Right onto Naco Way/ Complex on LEFT
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4000.0
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Rudy G Bologna Elementary
  • High School: Perry High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 8999
  • Additional Parcels: No
  • Parcel #: 303-02-152

Multi Family

  • Owner Pays: See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 74392.56
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 64523.56
  • Annual Operating Expense: 9275.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1475.0
  • Tax Book Number: 303.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Swami Corporation
Bought by
Patel Hasmukh and Patel Lilaben
Total Days on Market
39
Current Estimated Value
$909,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Outstanding Balance
$677,321
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$232,329

Purchase Details

Listed on
May 19, 2022
Closed on
Aug 5, 2022
Sold by
Ozvest Inc
Bought by
Swami Corporation
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Cynthia Thompson
RE/MAX Alliance Group
List Price
$1,199,900
Sold Price
$968,500
Premium/Discount to List
-$231,400
-19.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.16%

Purchase Details

Closed on
Sep 9, 2011
Sold by
U S Bank National Association
Bought by
Ozvest Inc

Purchase Details

Closed on
Jul 21, 2011
Sold by
Nicholson Frank
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 21, 2007
Sold by
Taylor Sean W
Bought by
Nicholson Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2006
Sold by
Taylored Properties Taylored For You Llc and Taylor Sean W
Bought by
Taylor Sean W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Caffrey Bryan J
Bought by
Taylored Properties Taylored For You Llc and Taylor Sean W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2005
Sold by
S & M Investment Properties Inc
Bought by
Caffrey Bryan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,197,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1994
Sold by
Mavity Michael D and Mavity Suzanne
Bought by
S & M Investment Properties Inc
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
Patel Hasmukh -- --
Swami Corporation $975,000 Driggs Title Agency
Ozvest Inc $98,000 Clear Title Agency Of Arizon
U S Bank National Association $376,790 None Available
Nicholson Frank $350,000 North American Title Co
Taylor Sean W -- North American Title Co
Taylored Properties Taylored For You Llc $1,500,000 First Financial Title Agency
Caffrey Bryan J $1,260,000 First Financial Title Agency
S & M Investment Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Hasmukh $695,000
Previous Owner Nicholson Frank $315,000
Previous Owner Taylor Sean W $255,000
Previous Owner Taylor Sean W $63,750
Previous Owner Taylored Properties Taylored For You Llc $1,197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $968,500 -2.7% $317 / Sq Ft
08/01/2022 08/01/22 Price Changed $995,000 0.0% $326 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/23/2022 06/23/22 Pending -- -- --
06/07/2022 06/07/22 Price Changed $995,000 -9.5% $326 / Sq Ft
05/27/2022 05/27/22 Price Changed $1,099,900 -8.3% $361 / Sq Ft
05/19/2022 05/19/22 For Sale $1,199,900 0.0% $393 / Sq Ft
08/03/2021 08/03/21 Rented $1,648 +9.9% --
08/01/2021 08/01/21 Under Contract -- -- --
07/26/2021 07/26/21 Price Changed $1,499 -6.3% $2 / Sq Ft
07/16/2021 07/16/21 Price Changed $1,599 -5.9% $2 / Sq Ft
07/09/2021 07/09/21 For Rent $1,699 -- --
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 $1,511 $16,424 -- --
2024 $1,482 $15,642 -- --
2023 $1,482 $58,520 $11,700 $46,820
2022 $1,435 $42,510 $8,500 $34,010
2021 $1,475 $37,650 $7,530 $30,120
2020 $1,467 $33,930 $6,780 $27,150
2019 $1,416 $24,280 $4,850 $19,430
2018 $1,375 $22,750 $4,550 $18,200
2017 $1,292 $18,750 $3,750 $15,000
2016 $1,248 $16,650 $3,330 $13,320
2015 $1,197 $13,830 $2,760 $11,070
Source: Public Records

Agents Affiliated with this Home

  • Jennie Miller PLLC

    Seller's Agent in 2022

    Jennie Miller PLLC

    Market Edge Realty, LLC

    (480) 382-9681

    1 in this area

    53 Total Sales

    Jennie Miller PLLC
    Section Image
  • Cynthia Thompson

    Buyer's Agent in 2022

    Cynthia Thompson

    RE/MAX

    (480) 589-1946

    2 in this area

    76 Total Sales

    Cynthia Thompson
    Section Image

  • J

    Buyer's Agent in 2021

    Jennie Miller

    Market Edge Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6403509

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-02-152

Arizona Maricopa County Chandler 85225 East Chandler

3 N Naco Way, Chandler, AZ

This home is located at 3 N Naco Way, Chandler, AZ 85225 since 19 May 2022 and is currently estimated at $909,650, approximately $298 per square foot. This property was built in 1979. 3 N Naco Way is a home located in Maricopa County with nearby schools including Rudy G Bologna Elementary School, Willis Junior High School, and Champion Schools Chandler.

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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