NOT LISTED FOR SALE

3990 E Riggs Rd Unit 4-5 Chandler, AZ 85249

South Chandler Neighborhood

Estimated Value: $1,155,057

-- Bed
-- Bath
3,254 Sq Ft
$355/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $5,423 $2 Per Sq Ft

Est. 21,199% increase in value since last sale

Current estimated payment $6,432/month

85 Days on Market

Highlights

  • Community Kitchen
  • Central Air
  • Heating Available
  • John & Carol Carlson Elementary School Rated A
  • Concrete Flooring

About This Home

As of July 2024

Modern office space in an excellent South Chandler location. You won't find a nicer turn key office space. Professional entrance/reception area. 8 Private offices, 8 cubicles, large eat in kitchen area, 2 private restrooms, huge conference room. Private gym with shower. Available fully furnished. Current NNN: $2,084.26/month.

Last Agent to Sell the Property

Brook Miller

RE/MAX Solutions License #BR533974000 Listed on: 04/01/2024

RE/MAX Solutions

Last Buyer's Agent

Jason Butler

R.O.I. Properties License #BR545613000

Property Details

Property Type

  • Other

Year Built

  • Built in 2005

Lot Details

  • 1,747 Sq Ft Lot
  • Additional Parcels
  • Property is zoned PAD

Home Design

  • 3,254 Sq Ft Home
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete

Parking

  • 15 Open Parking Spaces
  • 20 Parking Spaces
  • 5 Covered Spaces
  • Private Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Property Available on 3/28/24
  • Tax Lot 5
  • Assessor Parcel Number 304-82-975

Community Details

Overview

  • Shadow Ridge Condominiums Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Riggs & Lindsay
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Lease
  • Zoning: PAD
  • Number Of Buildings: 1
  • Lease Info Annual C A M Sq Ft: 6.39
  • Lease Info Annual Lease Price: 68334.0
  • Lease Info Annual Lse Prc P S F: 21.0
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 12
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 3254
  • Year Built: 2005
  • Tax Year: 2023
  • Directions: NW corner. Legal description shows suites 4-5 however the building is number suite 1 & 2.
  • Lot Size Acres: 0.04
  • Subdivision Name: SHADOW RIDGE CONDOMINIUMS
  • Structure Type: Commercial, Office
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 3254.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Private
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 20.0
  • Tenant Pays:Parking Area Maint: Yes
  • Parking Features Private11: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Other
  • Green Building Features: Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes

Lot Info

  • Lot Size Sq Ft: 1747.0
  • Additional Parcels: Yes
  • Parcel #: 304-82-975

Rental Info

  • Available Date: 2024-03-28

Multi Family

  • Owner Pays: None
  • Existing Lease Type: NNN
  • Leasable Area: 3254.0

Tax Info

  • Tax Annual Amount: 3895.96
  • Tax Book Number: 304.00
  • Tax Lot: 5
  • Tax Map Number: 82.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Cm Mga Corporation
Bought by
Echelon Real Estate Llc
Current Estimated Value
$1,155,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Outstanding Balance
$858,452
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$296,675

Purchase Details

Closed on
Sep 25, 2019
Sold by
Haitian Christian Ministry Inc
Bought by
Cm Mga Corporation

Purchase Details

Closed on
Mar 28, 2014
Sold by
Desert Southwest Annual Conference Of Th
Bought by
Haitian Christian Ministry Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
4.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 7, 2010
Sold by
Light Of Hope United Methodist Church
Bought by
Desert Southwest Annual Conference Of Th

Purchase Details

Closed on
Jul 6, 2007
Sold by
Ocotillo Springs United Methodist Fellow
Bought by
Light Of Hope United Methodist Church
Source: Public Records

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
Echelon Real Estate Llc $1,100,000 --
Cm Mga Corporation $555,000 Fidelity Natl Ttl Agcy Inc
Haitian Christian Ministry Inc $244,050 Chicago Title Agency Inc
Desert Southwest Annual Conference Of Th -- None Available
Light Of Hope United Methodist Church -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echelon Real Estate Llc $880,000
Previous Owner Haitian Christian Ministry Inc $194,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $5,423 -4.8% $2 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $5,694 -- $2 / 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 $3,984 $41,898 -- --
2024 $4,026 $41,150 -- --
2023 $4,026 $75,055 $15,011 $60,044
2022 $4,013 $62,668 $12,530 $50,138
2021 $4,241 $59,814 $11,952 $47,862
2020 $4,217 $56,610 $11,322 $45,288
2019 $6 $44,550 $8,910 $35,640
2018 $6 $27,915 $5,580 $22,335
2017 $6 $44,535 $6,720 $37,815
2016 $6 $42,060 $6,000 $36,060
2015 $5 $38,000 $5,328 $32,672
Source: Public Records

Agents Affiliated with this Home

  • Brook Miller

    Seller's Agent in 2024

    Brook Miller

    RE/MAX

    (602) 391-7164

    4 in this area

    144 Total Sales

    Brook Miller
    Section Image
  • Jason Butler

    Buyer's Agent in 2024

    Jason Butler

    R.O.I. Properties

    (602) 288-6959

    1 in this area

    37 Total Sales

    Jason Butler
    Section Image

  • B

    Buyer Co-Listing Agent in 2024

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6685260

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-82-975

Arizona Maricopa County Chandler 85249 South Chandler

3990 E Riggs Rd Unit 4-5, Chandler, AZ

This home is located at 3990 E Riggs Rd Unit 4-5, Chandler, AZ 85249 since 01 April 2024 and is currently estimated at $1,155,057, approximately $354 per square foot. This property was built in 2005. 3990 E Riggs Rd Unit 4-5 is a home located in Maricopa County with nearby schools including John & Carol Carlson Elementary School, Willie & Coy Payne Jr. High School, and Montessori Christian Academy.

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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