$850,000
SOLD FEB 3, 2017
-- Bed
-- Bath
11,132 Sq Ft
0.95 Acres

Recently Sold

$76 Per Sq Ft

5% Below List Price

Highlights

  • 0.95 Acre Lot
  • Chandler High School Rated A-
  • Concrete Flooring

About This Home

As of July 2017

WOW!!! Seller is motivated and willing to carry with down payment. This hotel features 25 units with a small house used as a office. This is a value add project or possible convert into apartments. Projections of rent 18-20k a month. This property does not have any historical or financial information.Vacant lot 302-64-043-A also included in sale. All facts are approximate buyer verify all MLS information.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/17/2017

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,758

Year Built

  • Built in 1970

Lot Details

  • 0.95 Acre Lot
  • Block Wall Fence
  • Additional Parcels
  • Property is zoned C-3

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 11,132 Sq Ft Home
  • Concrete Flooring

Parking

  • 22 Open Parking Spaces
  • 22 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • Greater Chandler Add Blk 7 Subdivision
  • Operating Expense $9,758

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 302-64-033

Property Details

Property Type

Other

Est. Annual Taxes

$9,758

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: N/NEC N Arizona Avenue & E Erie Street
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2015
  • Lot Size Acres: 0.95
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: Greater Chandler ADD Blk 7
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 22.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 41239.0
  • Additional Parcels: Yes
  • Parcel #: 302-64-033
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 9758.0
  • Leasable Area: 11132.0

Tax Info

  • Tax Annual Amount: 9758.0
  • Tax Book Number: 302.00
  • Tax Lot: 9
  • Tax Map Number: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2022
Sold by
Gc Homes Llc
Bought by
Jcap Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,667
Outstanding Balance
$111,918
Interest Rate
5.78%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 17, 2017
Closed on
Jan 18, 2017
Sold by
Living Water Llc
Bought by
Wills Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 3, 2012
Sold by
Wells Fargo Bank National Association
Bought by
Living Water Llc
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 Type Sale Price Title Company
Special Warranty Deed $516,667 Kensington Vanguard National L
Warranty Deed $850,000 Chicago Title Agency Inc
Cash Sale Deed $235,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,667 Seller Take Back
Previous Owner $1,575,000 Commercial
Previous Owner $750,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $85,000 -15.0% $69 / Sq Ft
05/29/2017 05/29/17 For Sale $100,000 -88.9% $82 / Sq Ft
02/17/2017 02/17/17 For Sale $899,000 +5.8% $81 / Sq Ft
02/03/2017 02/03/17 Sold $850,000 -- $76 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
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 $1,118 $11,787 $11,787 --
2024 $1,130 $11,577 $11,577 --
2023 $1,130 $17,476 $17,476 $0
2022 $1,117 $13,388 $13,388 $0
2021 $1,181 $13,770 $13,770 $0
2020 $1,174 $13,824 $13,824 $0
2019 $1,133 $13,428 $13,428 $0
2018 $1,101 $11,034 $11,034 $0
2017 $1,034 $10,224 $10,224 $0
2016 $999 $9,126 $9,126 $0
2015 $984 $8,381 $8,381 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5563043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-64-035