NOT LISTED FOR SALE

400 W Ray Rd Unit 1 Chandler, AZ 85225

North Chandler Neighborhood

Estimated Value: $1,341,623

-- Bed
1 Bath
8,985 Sq Ft
$149/Sq Ft Est. Value

Last Sold December 30, 2012

Last sale price $1,075,000 $120 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,363/month

27 Days on Market

Highlights

  • 1.44 Acre Lot
  • Central Air
  • Concrete Flooring
  • Chandler High School Rated A-

About This Home

As of December 2012

Different from the other offerings. This BLOCK building with stucco finish,has only a metal roof. Lessor's responsible for Roof, Landscape, Parking lot replacement, and foundation. 4 newer HVAC units(2012), sprinkled, Mature landscape, 3 years on initial 10 year term, plus 15 years in options. call lister with questions.

Last Agent to Sell the Property

Scot Hall

Wolf Realty, Inc. License #BR029352000 Listed on: 11/15/2012

Last Buyer's Agent

Scot Hall

Wolf Realty, Inc. License #BR029352000 Listed on: 11/15/2012

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,568

Year Built

  • Built in 2005

Lot Details

  • 1.44 Acre Lot
  • Block Wall Fence
  • Property is zoned C-1

Home Design

  • 8,985 Sq Ft Home
  • Metal Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 36 Open Parking Spaces
  • 36 Parking Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot P
  • Assessor Parcel Number 302-44-001-P

Community Details

Overview

  • Building Dimensions are 278 x 214

Building Details

  • Gross Income $90,815
  • Net Operating Income $87,363

Property Details

Property Type

Other

Est. Annual Taxes

$17,568

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: Ray and Arizona Avenue
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Bay Info Bay Door Height: 83.0
  • Bay Info Bay Size: 9014
  • Bay Info Max Span Lineal Ft: 70.0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2013
  • Lot Size Acres: 1.44
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Structure Type: Commercial
  • Tax Parcel Letter: P
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl, Concrete
  • Living Area: 8985.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 36.0
  • Total Parking Spaces: 36.0
  • General Property Description:Uncvrd Parking Spcs: 36.0
  • General Property Description:Total Parking Spcs: 36.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: 3 Phase Power, Over 220 Amp, Underground, SRP
  • Cooling: Central A/C
  • Heating: 2 or More Units
  • Green Building Features: Physcl Chlgd (SRmks)
  • Water Source: City Franchise
  • Heating:Office Heated: Yes
  • 3 Phase Power: Yes

Association/Amenities

  • Amenities:Physcl Chlgd (SRmks): Yes

Lot Info

  • Lot Size: 278 x 214
  • Lot Size Sq Ft: 62706.0
  • Parcel #: 302-44-001-P
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 90815.0
  • Insurance Expense: 2253.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 87363.0
  • Leasable Area: 9014.0

Tax Info

  • Tax Annual Amount: 17568.0
  • Tax Book Number: 302.00
  • Tax Lot: P
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2019
Sold by
Ray 400 Llc
Bought by
Lone Star Lumber Az Llc
Current Estimated Value
$1,341,623

Purchase Details

Closed on
Mar 28, 2017
Sold by
Sereno 501 Llc
Bought by
Ray 400 Llc

Purchase Details

Listed on
Nov 15, 2012
Closed on
Dec 28, 2012
Sold by
Nova R S Lots Llc
Bought by
Sereno 501 Llc
Seller's Agent
Scot Hall
Wolf Realty, Inc.
Buyer's Agent
Scot Hall
Wolf Realty, Inc.
List Price
$1,085,000
Sold Price
$1,075,000
Premium/Discount to List
-$10,000
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.73%

Purchase Details

Closed on
Mar 22, 2006
Sold by
Chandler Dg Llc
Bought by
Nova R S Lots Llc

Purchase Details

Closed on
May 27, 2005
Sold by
Miller Donald Lee and Miller Jacqueline A
Bought by
Chandler Dg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$813,312
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 1997
Sold by
Dudding Carl and Dudding Janet Sue
Bought by
Miller Donald Lee and Miller Jacqueline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 16, 1995
Sold by
Blank Enterprises Ltd Partnership
Bought by
Dudding Janet Sue and Burris John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.23%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lone Star Lumber Az Llc $858,000 Chicago Title Agency
Ray 400 Llc -- None Available
Sereno 501 Llc $1,075,000 Chicago Title
Nova R S Lots Llc $1,138,000 None Available
Chandler Dg Llc $310,000 Lawyers Title Of Arizona Inc
Miller Donald Lee $165,000 Security Title Agency
Dudding Janet Sue $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chandler Dg Llc $813,312
Previous Owner Miller Donald Lee $110,000
Previous Owner Dudding Janet Sue $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2012 12/30/12 Sold $1,075,000 -0.9% $120 / Sq Ft
12/11/2012 12/11/12 Pending -- -- --
11/14/2012 11/14/12 For Sale $1,085,000 -- $121 / 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 $15,912 $170,171 -- --
2024 $16,317 $167,132 -- --
2023 $16,317 $328,882 $129,574 $199,308
2022 $16,267 $284,550 $97,615 $186,935
2021 $17,197 $157,500 $64,530 $92,970
2020 $17,957 $247,212 $101,484 $145,728
2019 $19,433 $239,364 $98,190 $141,174
2018 $18,880 $220,986 $84,492 $136,494
2017 $17,737 $200,934 $78,228 $122,706
2016 $17,133 $182,574 $69,858 $112,716
2015 $16,884 $149,110 $65,120 $83,990
Source: Public Records

Agents Affiliated with this Home

  • Scot Hall

    Seller's Agent in 2012

    Scot Hall

    Wolf Realty, Inc.

    (602) 541-8191

    34 Total Sales

    Scot Hall
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4850047

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-44-001P

Arizona Maricopa County Chandler 85225 North Chandler

400 W Ray Rd Unit 1, Chandler, AZ

Not Listed for Sale

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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