NOT LISTED FOR SALE

356 N Chippewa Place Chandler, AZ 85224

Central Ridge Neighborhood

Estimated Value: $506,000 - $810,000

-- Bed
-- Bath
2,268 Sq Ft
$298/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $306,000 $135 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,680/month

3 Days on Market

Highlights

  • Cooling Available
  • Chandler High School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of April 2019

Seller Carry Opportunity in Active and Sought after Southwest Chandler! With Huge Rent Upside! Close to South 101 and 202 Loops, Chandler Fashion Square, Downtown Chandler!, Boarders Residential neighborhoods, Large 2,268 Rentable Sq.Ft. Duplex. Mature Landscape and Private Tenant Patios with Grass Back and front yards! Alley access with Private Carports with additional Parking. Units are well maintained and turn key. Side by Side Laundry in each Unit with walk in closets and pantry in Larger 1,500 Sq.Ft. Unit. Roof is 2010, Copper Plumbing, AC Units 2003. Seller May Carry. All facts and figures approximate buyer to verify to their satisfaction.

Last Agent to Sell the Property

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 04/09/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Beth Steil

RE/MAX Excalibur License #SA546164000

RE/MAX Excalibur

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,109

Year Built

  • Built in 1975

Lot Details

  • 9,932

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 302-74-069

Community Details

Overview

  • 2 Units
  • Building Dimensions are 127X84 sq.ft.
  • Arrowhead Meadows 2 Subdivision

Building Details

  • Operating Expense $6,529
  • Gross Income $17,460
  • Net Operating Income $10,931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,109

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd & Alma School
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1975
  • Tax Year: 2018
  • Directions: West on Chandler Blvd, North on Chippewa Property on West Side of Street.
  • Road Surface Type: Asphalt, Alley
  • Professional Management Expense: 1800.0
  • Subdivision Name: ARROWHEAD MEADOWS 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Trash Expense: 510.0
  • Annual Water Sewer Expense: 510.0

Lot Info

  • Lot Size: 127X84 sq.ft.
  • Additional Parcels: No
  • Parcel #: 302-74-069

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 17460.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 10931.0
  • Annual Operating Expense: 6529.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1109.0
  • Tax Book Number: 302.00
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
Apr 22, 2019
Sold by
Breuer Venn L
Bought by
Cobalt Unlimited Llc
Seller's Agent
Eric Hegarty
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Beth Steil
RE/MAX Excalibur
List Price
$300,000
Sold Price
$306,000
Premium/Discount to List
$6,000
2%
Current Estimated Value
$675,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,937
Avg. Annual Appreciation
12.76%
Original Mortgage
$221,000
Outstanding Balance
$196,653
Interest Rate
4.3%
Mortgage Type
Seller Take Back
Estimated Equity
$463,979

Purchase Details

Closed on
May 19, 2014
Sold by
Breuer Vern L and Breuer Sue A
Bought by
Breuer Vern L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 1998
Sold by
Cullumber Rodney J and Cullumber Christina L
Bought by
Breuer Vern L and Breuer Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.16%
Mortgage Type
New Conventional
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
Cobalt Unlimited Llc $306,000 Premier Title Agency
Breuer Vern L -- Magnus Title Agency
Breuer Vern L $105,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobalt Unlimited Llc $221,000
Previous Owner Breuer Vern L $70,000
Previous Owner Breuer Vern L $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $306,000 +2.0% $135 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $300,000 -- $132 / 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 $1,323 $14,376 -- --
2024 $1,189 $13,691 -- --
2023 $1,189 $48,470 $9,690 $38,780
2022 $1,150 $35,400 $7,080 $28,320
2021 $1,193 $30,160 $6,030 $24,130
2020 $1,187 $25,980 $5,190 $20,790
2019 $1,143 $20,050 $4,010 $16,040
2018 $1,109 $17,030 $3,400 $13,630
2017 $1,038 $15,980 $3,190 $12,790
2016 $1,002 $13,760 $2,750 $11,010
2015 $965 $12,730 $2,540 $10,190
Source: Public Records

Agents Affiliated with this Home

  • Eric Hegarty

    Seller's Agent in 2019

    Eric Hegarty

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    21 Total Sales

    Eric Hegarty
    Section Image
  • Beth Steil

    Buyer's Agent in 2019

    Beth Steil

    RE/MAX

    (480) 326-0969

    55 Total Sales

    Beth Steil
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5908596

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-74-069

Arizona Maricopa County Chandler 85224 Central Ridge

356 N Chippewa Place, Chandler, AZ

This home is located at 356 N Chippewa Place, Chandler, AZ 85224 since 09 April 2019 and is currently estimated at $675,937, approximately $298 per square foot. This property was built in 1975. 356 N Chippewa Place is a home located in Maricopa County with nearby schools including San Marcos Elementary School, Chandler High School, and Andersen Junior High School.

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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