NOT LISTED FOR SALE

351 N Nevada St Unit 357 Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $290,769 - $1,089,000

-- Bed
-- Bath
2,016 Sq Ft
$308/Sq Ft Est. Value

Last Sold November 12, 2013

Last sale price $130,000 $64 Per Sq Ft

Est. 378% increase in value since last sale

Current estimated payment $3,361/month

60 Days on Market

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 3-minute walk to Gazelle Meadows Park
  • Chandler High School Rated A-

About This Home

As of November 2013

Amazing Investor Opportunity! Cash Flow is king here in this convenient Chandler location! Remodeled four-plex with consistently high rental income. Please be considerate of tenants & do not disturb - Drive-by only. NO sign on property. Inspections and access scheduled with accepted contract. Professionally Managed by third party.

Last Agent to Sell the Property

Steven Skarphol

HomeSmart License #BR019829000 Listed on: 07/18/2013

HomeSmart

Last Buyer's Agent

Michael Molina

Connect Realty.com Inc. License #SA567348000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $697

Year Built

  • Built in 1963

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 302-63-004-H

Community Details

Overview

  • 4 Units
  • Building Dimensions are 120x65

Building Details

  • Operating Expense $697
  • Gross Income $17,820
  • Net Operating Income $18,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$697

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd & Arizona Ave.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MH-1
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 120x65
  • Additional Parcels: No
  • Parcel #: 302-63-004-H

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 17820.0
  • Property Net Operating Income: 18360.0
  • Annual Operating Expense: 697.18
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 697.18
  • Tax Book Number: 302.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 26, 2013
Sold by
Rojas Maria Trinidad and Rojas Juan A
Bought by
Rojas Juan J and Rojas Maria Trinidad
Seller's Agent
Steven Skarphol
HomeSmart
Buyer's Agent
Michael Molina
Connect Realty.com Inc.
List Price
$160,000
Sold Price
$130,000
Premium/Discount to List
-$30,000
-18.75%
Current Estimated Value
$621,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,442
Avg. Annual Appreciation
13.86%
Original Mortgage
$97,500
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2013
Closed on
Sep 23, 2013
Sold by
Ruiz Fernando E
Bought by
Rojas Juan J
Seller's Agent
Steven Skarphol
HomeSmart
Buyer's Agent
Michael Molina
Connect Realty.com Inc.
List Price
$160,000
Sold Price
$130,000
Premium/Discount to List
-$30,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2012
Closed on
Aug 6, 2012
Sold by
Meyer Noah
Bought by
Ruiz Fernando Estrada
Seller's Agent
David Johnson
Dave Johnson Realty
Buyer's Agent
Luz Houser
Somar Real Estate
List Price
$137,500
Sold Price
$121,000
Premium/Discount to List
-$16,500
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
Mar 30, 2011
Sold by
Flashver Investments Llc
Bought by
Meyer Noah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2010
Sold by
Evans William
Bought by
Flashover Investments Llc

Purchase Details

Closed on
Aug 5, 2010
Sold by
Evans Adrian Mikelle
Bought by
Evans William

Purchase Details

Closed on
Jun 9, 2010
Sold by
The Bank Of New York Mellon
Bought by
Evans William

Purchase Details

Closed on
Aug 12, 2005
Sold by
Ajg Gatekeepers Llc
Bought by
Weaver Frederick P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2005
Sold by
Priore Jerry and Priore Gerald M
Bought by
Ajg Gatekeepers Llc

Purchase Details

Closed on
Oct 27, 2004
Sold by
Wendt James A and Wendt Vera May
Bought by
Priore Gerald M and Priore Jerry

Purchase Details

Closed on
Oct 8, 1997
Sold by
Wendt James A and Wendt Vera May
Bought by
The James A & Vera May Wendt Estate Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rojas Juan J -- Security Title Agency
Rojas Juan J $130,000 Security Title Agency
Ruiz Fernando Estrada $123,000 Security Title Agency
Meyer Noah $99,000 Fidelity Natl Title Ins Co
Flashover Investments Llc -- None Available
Evans William -- Security Title Agency
Evans William $18,100 Security Title Agency
Weaver Frederick P $270,000 --
Ajg Gatekeepers Llc -- Guaranty Title Agency
Priore Gerald M $220,000 Guaranty Title Agency
The James A & Vera May Wendt Estate Tr -- --
The James A & Vera May Wendt Estate Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rojas Juan J $97,500
Previous Owner Meyer Noah $74,250
Previous Owner Weaver Frederick P $216,000
Closed Weaver Frederick P $40,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2013 11/12/13 Sold $130,000 -18.8% $64 / Sq Ft
09/16/2013 09/16/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $160,000 0.0% $79 / Sq Ft
05/24/2013 05/24/13 Rented $425 0.0% --
05/24/2013 05/24/13 Under Contract -- -- --
04/29/2013 04/29/13 For Rent $425 +6.3% --
03/22/2013 03/22/13 Rented $400 -19.2% --
03/18/2013 03/18/13 Under Contract -- -- --
12/07/2012 12/07/12 For Rent $495 +4.2% --
11/01/2012 11/01/12 Rented $475 0.0% --
11/01/2012 11/01/12 Under Contract -- -- --
09/28/2012 09/28/12 For Rent $475 0.0% --
08/10/2012 08/10/12 Sold $121,000 -12.0% $240 / Sq Ft View Prior Sale
08/01/2012 08/01/12 Pending -- -- --
05/13/2012 05/13/12 For Sale $137,500 -- $273 / 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 $1,057 $11,307 -- --
2024 $1,020 $10,769 -- --
2023 $1,020 $35,380 $7,070 $28,310
2022 $988 $23,550 $4,710 $18,840
2021 $1,016 $21,210 $4,240 $16,970
2020 $1,010 $18,500 $3,700 $14,800
2019 $975 $15,200 $3,040 $12,160
2018 $947 $13,350 $2,670 $10,680
2017 $890 $12,620 $2,520 $10,100
2016 $859 $11,310 $2,260 $9,050
2015 $824 $9,810 $1,960 $7,850
Source: Public Records

Agents Affiliated with this Home

  • Steven Skarphol

    Seller's Agent in 2013

    Steven Skarphol

    HomeSmart

    (602) 317-5164

    49 Total Sales

    Steven Skarphol
    Section Image
  • John Fagundes

    Seller's Agent in 2013

    John Fagundes

    AZREAPM

    (602) 320-0406

    1 in this area

    225 Total Sales

    John Fagundes
    Section Image

  • M

    Buyer's Agent in 2013

    Michael Molina

    Connect Realty.com Inc.

    (480) 694-7760

    10 Total Sales

    Michael Molina
    Section Image

  • N

    Buyer's Agent in 2013

    Non-MLS Agent

    Non-MLS Office

  • D

    Seller's Agent in 2012

    David Johnson

    Dave Johnson Realty

    (520) 906-8111

    47 Total Sales

    David Johnson
    Section Image
  • Luz Houser

    Buyer's Agent in 2012

    Luz Houser

    Somar Real Estate

    (480) 452-5051

    3 Total Sales

    Luz Houser
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4969885

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-63-004H

Arizona Maricopa County Chandler 85225 Downtown Chandler

351 N Nevada St Unit 357, Chandler, AZ

Not Listed for Sale

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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