NOT LISTED FOR SALE

372 N Chippewa Place Chandler, AZ 85224

Central Ridge Neighborhood

Estimated Value: $770,000 - $1,031,000

-- Bed
-- Bath
3,414 Sq Ft
$259/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $850,000 $249 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,075/month

51 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating unit installed on the ceiling
  • Chandler High School Rated A-
  • Ceiling Fan

About This Home

As of July 2023

This home is located at 372 N Chippewa Place, Chandler, AZ 85224 since 26 May 2023 and is currently estimated at $884,137, approximately $258 per square foot. This property was built in 1973. 372 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.

Last Listed By

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 05/26/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,709

Year Built

  • Built in 1973

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 5 Covered Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 302-74-019-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12066
  • Arrowhead Meadows Unit 1 Lot 19 Ex Arrowhead Meadows Unit 1 Lot 19 Ex W 4F Subdivision

Building Details

  • Operating Expense $20,891
  • Gross Income $62,900
  • Net Operating Income $46,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,709

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2232.0
  • Subdivision Name: ARROWHEAD MEADOWS UNIT 1 LOT 19 EX ARROWHEAD MEADOWS UNIT 1 LOT 19 EX W 4F
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Brick
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Ceiling Fan(s)
  • Heating: Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 12066
  • Additional Parcels: No
  • Parcel #: 302-74-019-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 6914.0
  • Annual Gross Income: 62900.1
  • Insurance Expense: 972.0
  • Maintenance Expense: 3835.0
  • Property Net Operating Income: 46024.0
  • Annual Operating Expense: 20891.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1709.0
  • Tax Book Number: 302.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jul 31, 2023
Sold by
Stardom Portfolio 1 Llc
Bought by
372 Chippewa Llc
Seller's Agent
Paul Bay
Marcus & Millichap
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$970,000
Sold Price
$850,000
Premium/Discount to List
-$120,000
-12.37%
Total Days on Market
51
Views
80
Current Estimated Value
$884,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,137
Avg. Annual Appreciation
-0.42%

Purchase Details

Closed on
Aug 1, 2015
Sold by
Stardom Portfolio Llc
Bought by
Stardom Portfolio 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,500,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2012
Sold by
Manausa William and Manausa Linda
Bought by
Stardom Homes Llc

Purchase Details

Closed on
May 5, 2006
Sold by
Wolfe Michael P and Daugs Herold D
Bought by
Manausa William and Manausa Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2006
Sold by
Js & G Family Lp
Bought by
Daugs Herold D and Wolfe Micheal P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.19%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 30, 2000
Sold by
Mastroni Joseph and Mastroni Shirley J
Bought by
Js & G Family Ltd Partnership Llp

Range of Values:

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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
372 Chippewa Llc $850,000 American Title Service Agency
Stardom Portfolio 1 Llc -- None Available
Stardom Portfolio Llc -- None Available
Jankov Ronald -- None Available
Stardom Homes Llc $196,000 None Available
Manausa William $450,000 Tsa Title Agency
Daugs Herold D $380,000 Capital Title Agency Inc
Js & G Family Ltd Partnership Llp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stardom Portfolio 1 Llc $9,500,000
Previous Owner Manausa William $360,000
Previous Owner Manausa William $45,000
Previous Owner Daugs Herold D $38,000
Previous Owner Daugs Herold D $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $850,000 -3.4% $249 / Sq Ft
07/05/2023 07/05/23 Price Changed $880,000 -9.3% $258 / Sq Ft
05/26/2023 05/26/23 For Sale $970,000 -- $284 / 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 $1,800 $19,558 -- --
2024 $1,765 $18,626 -- --
2023 $1,765 $68,370 $13,670 $54,700
2022 $1,709 $50,360 $10,070 $40,290
2021 $1,757 $41,400 $8,280 $33,120
2020 $1,747 $34,900 $6,980 $27,920
2019 $1,686 $26,800 $5,360 $21,440
2018 $1,638 $20,220 $4,040 $16,180
2017 $1,539 $21,820 $4,360 $17,460
2016 $1,486 $19,210 $3,840 $15,370
2015 $1,425 $18,030 $3,600 $14,430
Source: Public Records

Agents Affiliated with this Home

  • Paul Bay

    Seller's Agent in 2023

    Paul Bay

    Marcus & Millichap

    (480) 600-2626

    1 in this area

    16 Total Sales

    Paul Bay
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6561590

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-74-019A

Arizona Maricopa County Chandler 85224 Central Ridge

372 N Chippewa Place, Chandler, AZ

Homes for Sale in Chandler, AZ

This home is located at 372 N Chippewa Place, Chandler, AZ 85224 since 26 May 2023 and is currently estimated at $884,137, approximately $258 per square foot. This property was built in 1973. 372 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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