NOT LISTED FOR SALE

365 N Alma School Rd Unit B Chandler, AZ 85224

Downtown Chandler Neighborhood

Estimated Value: $662,333 - $830,000

-- Bed
4 Baths
800 Sq Ft
$910/Sq Ft Est. Value

Last Sold September 01, 2017

Last sale price $345,000 $431 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,084/month

Highlights

  • Multiple cooling system units
  • Central Heating
  • Ceiling Fan
  • Chandler High School Rated A-

About This Home

As of September 2017

100 % occupied. Long term seller retiring. All rents $100+ a month or so below market. Seller's loss is your gain.

Sold day one on brokers website. This listing added to MLS for COMPARISON purposes only.
This offering was sold significantly higher than the closed sale price.

Seller decided not to carry the note and this would have sold close to list price as verified by the backup offers.

Similar units adjacent to this offering were leased $100 a month higher.

All facts and figures believed to be correct but buyer to verify ALL during DD period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 09/03/2017

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 09/03/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,061

Year Built

  • Built in 1963

Lot Details

  • 10,542

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 302-52-004-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 10533
  • Owners Plat Subdivision

Building Details

  • Operating Expense $10,055
  • Gross Income $27,577
  • Net Operating Income $18,222

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,061

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Alma School & Erie
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1963
  • Tax Year: 2016
  • Directions: Just north of Chandler and South of Erie
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 3500.0
  • Subdivision Name: OWNERS PLAT
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • 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: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1698.72

Lot Info

  • Lot Size: 10533
  • Additional Parcels: No
  • Parcel #: 302-52-004-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 305.04
  • Annual Gross Income: 27576.6
  • Insurance Expense: 1660.0
  • Maintenance Expense: 1439.74
  • Property Net Operating Income: 18222.1
  • Annual Operating Expense: 10054.5
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1061.0
  • Tax Book Number: 302.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2017
Closed on
Aug 30, 2017
Sold by
Buzuleciu Samuel A and Buzuleciu Carol L
Bought by
Lopez Vincent
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
List Price
$3,950,000
Sold Price
$345,000
Premium/Discount to List
-$3,605,000
-91.27%
Current Estimated Value
$727,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,833
Avg. Annual Appreciation
10.06%
Original Mortgage
$258,750
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2002
Sold by
Warren Charlie Luther and Warren Larona M
Bought by
Buzuleciu Samuel A and Buzuleciu Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
6.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2000
Sold by
Warren Charlie L and Warren Larona
Bought by
The Charlie & Larona Warren Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2000
Sold by
Kessler Mary Ellen
Bought by
Warren Charlie L and Warren Larona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 1996
Sold by
Vanvalkenburgh John T and Vanvalkenburgh Joyce K
Bought by
Vanvalkenburgh Joyce K

Purchase Details

Closed on
Mar 3, 1995
Sold by
Vanvalkenburgh Matthew M and Kessler Mary Ellen
Bought by
Vanvalkenburgh John T and Vanvalkenburgh Joyce K
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
Lopez Vincent $345,000 Chicago Title Agency Inc
Buzuleciu Samuel A $184,000 Security Title Agency
The Charlie & Larona Warren Trust -- --
Warren Charlie L $155,000 Security Title Agency
Vanvalkenburgh Joyce K -- --
Vanvalkenburgh John T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Vincent $254,175
Closed Lopez Vincent $258,750
Previous Owner Buzuleciu Samuel A $161,000
Previous Owner Buzuleciu Samuel A $147,200
Previous Owner Warren Charlie L $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2017 09/01/17 Sold $345,000 -91.3% $431 / Sq Ft
08/25/2017 08/25/17 For Sale $3,950,000 -- $4,938 / 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 $1,411 $15,333 -- --
2024 $1,260 $14,603 -- --
2023 $1,260 $60,620 $12,120 $48,500
2022 $1,218 $40,720 $8,140 $32,580
2021 $1,264 $35,980 $7,190 $28,790
2020 $1,257 $30,110 $6,020 $24,090
2019 $1,211 $21,900 $4,380 $17,520
2018 $1,175 $21,350 $4,270 $17,080
2017 $1,099 $17,330 $3,460 $13,870
2016 $1,061 $15,520 $3,100 $12,420
2015 $1,022 $13,730 $2,740 $10,990
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5655489

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-52-004B

Arizona Maricopa County Chandler 85224 Downtown Chandler

365 N Alma School Rd Unit B, Chandler, AZ

This home is located at 365 N Alma School Rd Unit B, Chandler, AZ 85224 since 03 September 2017 and is currently estimated at $727,833, approximately $909 per square foot. This property was built in 1963. 365 N Alma School Rd Unit B is a home located in Maricopa County with nearby schools including Hartford Sylvia Encinas 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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