NOT LISTED FOR SALE

488 E Detroit St Unit SIDE Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $408,000 - $636,000

2 Beds
1 Bath
1,234 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $250,000 $203 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,958/month

71 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • 4-minute walk to Vida Park
  • Chandler High School Rated A-

About This Home

As of June 2019

This home is located at 488 E Detroit St Unit SIDE, Chandler, AZ 85225 since 01 April 2019 and is currently estimated at $540,576, approximately $438 per square foot. This property was built in 1936. 488 E Detroit St Unit SIDE is a home located in Maricopa County with nearby schools including Galveston Elementary School, Chandler High School, and Willis Junior High School.

Last Agent to Sell the Property

Brian Burgmeier

HomeSmart License #BR524681000 Listed on: 04/01/2019

HomeSmart

Last Buyer's Agent

Brian Burgmeier

HomeSmart License #BR524681000 Listed on: 04/01/2019

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1936

Lot Details

  • 0.75

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Galveston Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 8 / 8
  • Assessor Parcel Number 302-63-008

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 110x297
  • Greater Chandler Add Blk 7 Subdivision

Building Details

  • Operating Expense $2,462
  • Net Operating Income $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$762

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd and Arizona Avenue
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-1
  • Number Of Buildings: 2
  • Year Built: 1936
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt
  • Subdivision Name: GREATER CHANDLER ADD BLK 7
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Carport: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 850.0

Schools

  • Elementary School: Galveston Elementary School
  • High School: Chandler High School
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 110x297
  • Additional Parcels: No
  • Parcel #: 302-63-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Insurance Expense: 850.0
  • Property Net Operating Income: 17000.0
  • Annual Operating Expense: 2462.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 762.0
  • Tax Block: 8
  • Tax Book Number: 302.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Aug 9, 2019
Sold by
Green Hugh David
Bought by
Epicenter Holdings Llc
Seller's Agent
Brian Burgmeier
HomeSmart
Buyer's Agent
Brian Burgmeier
HomeSmart
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%
Current Estimated Value
$540,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,576
Avg. Annual Appreciation
12.98%

Purchase Details

Listed on
Apr 1, 2019
Closed on
Jun 18, 2019
Sold by
Green Angela M
Bought by
Green Hugh D
Seller's Agent
Brian Burgmeier
HomeSmart
Buyer's Agent
Brian Burgmeier
HomeSmart
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 13, 2019
Sold by
Burgmeier Brian
Bought by
Green Hugh D
Seller's Agent
Brian Burgmeier
HomeSmart
Buyer's Agent
Brian Burgmeier
HomeSmart
List Price
$300,000
Sold Price
$250,000
Premium/Discount to List
-$50,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2017
Sold by
Burgmeier Annmarie M
Bought by
Burgmeier Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2017
Sold by
Turner D Earl and D Earl Turner Trust
Bought by
Burgmeier Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2004
Sold by
Turner D Earl
Bought by
Turner D Earl and D Earl Turner Trust
Source: Public Records

Range of Values:

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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
Epicenter Holdings Llc -- None Available
Green Hugh D -- Lawyers Title Of Arizona Inc
Green Hugh D $250,000 Lawyers Title Of Arizona Inc
Burgmeier Brian -- Lawyers Title Of Arizona Inc
Burgmeier Brian $175,000 Lawyers Title Of Arizona Inc
Turner D Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Hugh D $187,500
Previous Owner Burgmeier Brian $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2019 06/18/19 Sold $250,000 -9.1% $203 / Sq Ft
06/11/2019 06/11/19 Price Changed $275,000 -9.8% $223 / Sq Ft
04/29/2019 04/29/19 Price Changed $305,000 +1.7% $247 / Sq Ft
03/31/2019 03/31/19 For Sale $300,000 -- $243 / 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 $971 $10,555 -- --
2024 $953 $10,052 -- --
2023 $953 $35,470 $7,090 $28,380
2022 $844 $22,060 $4,410 $17,650
2021 $876 $20,660 $4,130 $16,530
2020 $871 $18,000 $3,600 $14,400
2019 $839 $15,580 $3,110 $12,470
2018 $814 $13,730 $2,740 $10,990
2017 $762 $11,830 $2,360 $9,470
2016 $735 $10,710 $2,140 $8,570
2015 $709 $8,180 $1,630 $6,550
Source: Public Records

Agents Affiliated with this Home

  • Brian Burgmeier

    Seller's Agent in 2019

    Brian Burgmeier

    HomeSmart

    (480) 600-0044

    12 Total Sales

    Brian Burgmeier
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5904215

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-63-008

Arizona Maricopa County Chandler 85225 Downtown Chandler

488 E Detroit St Unit SIDE, Chandler, AZ

This home is located at 488 E Detroit St Unit SIDE, Chandler, AZ 85225 since 01 April 2019 and is currently estimated at $540,576, approximately $438 per square foot. This property was built in 1936. 488 E Detroit St Unit SIDE is a home located in Maricopa County with nearby schools including Galveston Elementary School, Chandler High School, and Willis 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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