NOT LISTED FOR SALE

3920 S Alma School Rd Unit 1 Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $1,046,655

-- Bed
-- Bath
10,911 Sq Ft
$96/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $783,000 $72 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,976/month

28 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Jacobson Elementary School Rated A

About This Home

As of January 2021

• Chandler Office Condo in Fountains at Ocotillo
• Medical/Office
• Available for Lease or Sale
• +/- 2,776 SF
• Lease: $24.00 PSF + NNN ($3.25/PSF)
• Sale: $783,000
• 2019 Property Tax: $5,856.86
• HOA: Fountains at Ocotillo $694.00/Month + Ocotillo $180/
Quarter

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/01/2020

Last Buyer's Agent

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,857

Year Built

  • Built in 2004

Lot Details

  • 2,776 Sq Ft Lot
  • Property is zoned PAD

Interior Spaces

  • 10,911 Sq Ft Home
  • Carpet

Parking

  • 13 Open Parking Spaces
  • 15 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Fountains At Ocotillo Condominium Subdivision
  • Operating Expense $14,905

Listing and Financial Details

  • Tax Lot C106
  • Assessor Parcel Number 303-49-163

Property Details

Property Type

Other

Est. Annual Taxes

$5,857

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: S Alma School Rd & E Ocotillo Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: PAD
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2004
  • Tax Year: 2019
  • Lot Size Acres: 0.06
  • Subdivision Name: FOUNTAINS AT OCOTILLO CONDOMINIUM
  • Structure Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 10911.0

Exterior Features

  • Fencing: None
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 2776.0
  • Parcel #: 303-49-163
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 14905.0
  • Leasable Area: 2776.0

Tax Info

  • Tax Annual Amount: 5857.0
  • Tax Book Number: 303.00
  • Tax Lot: C106
  • Tax Map Number: 49.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Jan 7, 2021
Sold by
Land Use Ocotillo Llc
Bought by
State 48 Foot And Ankle Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Bryan Mortensen
LRA Real Estate Group, LLC
List Price
$783,000
Sold Price
$783,000
Current Estimated Value
$1,046,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,655
Avg. Annual Appreciation
6.23%
Original Mortgage
$300,000
Outstanding Balance
$267,468
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$779,187

Purchase Details

Listed on
Apr 2, 2020
Closed on
Jun 12, 2020
Sold by
Rim Enterprises Llc
Bought by
Land Use Ocotillo Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$783,000
Sold Price
$642,000
Premium/Discount to List
-$141,000
-18.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.82%

Purchase Details

Closed on
Dec 14, 2007
Sold by
Abdoll Properties Llc
Bought by
Rim Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$739,825
Interest Rate
6.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2006
Sold by
The Fountains At Ocotillo Llc
Bought by
Abdoll Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
State 48 Foot And Ankle Llc $783,000 Commonwealth Title
Land Use Ocotillo Llc $642,000 Commonwealth Title
Rim Enterprises Llc $646,300 Capital Title Agency Inc
Abdoll Properties Llc $519,820 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open State 48 Foot And Ankle Llc $300,000
Closed State 48 Foot And Ankle Llc $426,110
Previous Owner Rim Enterprises Llc $739,825
Previous Owner Abdoll Properties Llc $552,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2021 01/08/21 Sold $783,000 +15286.1% $72 / Sq Ft
10/01/2020 10/01/20 Sold $5,089 -99.4% $0 / Sq Ft View Prior Sale
09/28/2020 09/28/20 Pending -- -- --
09/28/2020 09/28/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $783,000 +22.0% $72 / Sq Ft
06/12/2020 06/12/20 Sold $642,000 +11463.4% $59 / Sq Ft View Prior Sale
05/20/2020 05/20/20 For Sale $5,552 -99.3% $1 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $783,000 -- $72 / 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 $5,647 $60,395 -- --
2024 $5,791 $59,317 -- --
2023 $5,791 $121,346 $24,259 $97,087
2022 $5,773 $105,648 $21,123 $84,525
2021 $6,103 $89,784 $17,946 $71,838
2020 $6,070 $86,238 $17,244 $68,994
2019 $5,857 $83,034 $16,596 $66,438
2018 $5,690 $55,386 $11,070 $44,316
2017 $5,346 $55,548 $11,106 $44,442
2016 $5,163 $52,056 $10,404 $41,652
2015 $5,089 $54,797 $10,952 $43,845
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image
  • Bryan Mortensen

    Buyer's Agent in 2021

    Bryan Mortensen

    LRA Real Estate Group, LLC

    (602) 509-4835

    1 in this area

    96 Total Sales

    Bryan Mortensen
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6125443

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-49-163

Arizona Maricopa County Chandler 85248 Ocotillo

3920 S Alma School Rd Unit 1, Chandler, AZ

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

Nearby Homes