581 N Colorado St Chandler, AZ 85225
North Chandler Neighborhood
--
Bed
--
Bath
1,561
Sq Ft
7,492
Sq Ft Lot
Highlights
- RV or Boat Parking
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Chandler High School Rated A-
- Ceramic Tile Flooring
About This Home
As of December 2024This triplex in Chandler is the perfect investment opportunity with a cumulative rental income of $4,030/month. The property consists of three units, each currently occupied by long-term tenants on month-to-month leases.
Situated just minutes from Downtown Chandler, the area offers convenient access to shopping, dining, and entertainment. Buyers are encouraged to verify all facts, including rental income, lease agreements, and zoning information. With consistent cash flow and potential for appreciation, this triplex is an excellent option for investors looking to expand their portfolio.
Last Agent to Sell the Property
UMe Realty Group License #SA712821000 Listed on: 10/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $756
Year Built
- Built in 1951
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Free Parking
- On-Street Parking
- RV or Boat Parking
Schools
- Hartford Sylvia Encinas Elementary School
- John M Andersen Jr High Middle School
- Chandler High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas, trash collection, water, sewer
- Tax Lot 3
- Assessor Parcel Number 302-64-094
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 0.172 acres / 7,510 sqf
- Greater Chandler Add Blk 8 & 9 Subdivision
Building Details
- Operating Expense $756
- Gross Income $48,360
- Net Operating Income $47,604
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2024
Closed on
Dec 13, 2024
Sold by
Rodriguez Jason
Bought by
Murphy Properties Az Llc
Seller's Agent
Britney Galvan
UMe Realty Group
Buyer's Agent
Paul Mosley
Epique Realty
List Price
$465,000
Sold Price
$460,000
Premium/Discount to List
-$5,000
-1.08%
Total Days on Market
26
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,867
Avg. Annual Appreciation
-7.06%
Purchase Details
Closed on
Nov 8, 2023
Sold by
Blackburn William
Bought by
Rodriguez Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.31%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 4, 2022
Closed on
Jun 24, 2022
Sold by
Nisor Llc
Bought by
Blackburn William and Rodriguez Jason
Seller's Agent
Parker Weinthal
eXp Realty
Buyer's Agent
Parker Weinthal
eXp Realty
List Price
$599,000
Sold Price
$485,000
Premium/Discount to List
-$114,000
-19.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.00%
Original Mortgage
$388,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 24, 2020
Sold by
Alardin Carlos
Bought by
Nisor Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,100
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 4, 2005
Sold by
Brion Ricardo and Brion Dolores Castro
Bought by
Alardin Carlos and Ozaeta Carlos Alardin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 30, 2003
Sold by
Pena Adriana Hernandez
Bought by
Brion Ricardo and Brion Dolores Castro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,500
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 25, 1994
Sold by
Sullivan Dawn L and Jackson Dawn L
Bought by
Pena Adriana Hernandez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,200
Interest Rate
8.83%
Mortgage Type
New Conventional
Similar Homes in Chandler, AZ
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Pinnacle Title Services | |
| Warranty Deed | $440,000 | Pinnacle Title Services | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $485,000 | Magnus Title | |
| Special Warranty Deed | $190,000 | Fidelity Natl Ttl Agcy Inc | |
| Warranty Deed | $167,500 | Capital Title Agency Inc | |
| Warranty Deed | -- | Transnation Title Ins Co | |
| Warranty Deed | $56,000 | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $368,000 | New Conventional | |
| Previous Owner | $388,000 | New Conventional | |
| Previous Owner | $174,100 | Commercial | |
| Previous Owner | $136,000 | Purchase Money Mortgage | |
| Previous Owner | $138,500 | Purchase Money Mortgage | |
| Previous Owner | $53,200 | New Conventional | |
| Closed | $34,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $460,000 | -1.1% | $295 / Sq Ft |
| 11/27/2024 11/27/24 | Price Changed | $465,000 | 0.0% | $298 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/15/2024 10/15/24 | Pending | -- | -- | -- |
| 10/12/2024 10/12/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | For Sale | $465,000 | -4.1% | $298 / Sq Ft |
| 06/30/2022 06/30/22 | Sold | $485,000 | -7.6% | $311 / Sq Ft |
| 06/03/2022 06/03/22 | Price Changed | $525,000 | -4.5% | $336 / Sq Ft |
| 05/14/2022 05/14/22 | Price Changed | $550,000 | -8.2% | $352 / Sq Ft |
| 04/18/2022 04/18/22 | For Sale | $599,000 | -- | $384 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $770 | $8,372 | -- | -- |
| 2024 | $756 | $7,973 | -- | -- |
| 2023 | $756 | $31,730 | $6,340 | $25,390 |
| 2022 | $608 | $22,700 | $4,540 | $18,160 |
| 2021 | $637 | $20,910 | $4,180 | $16,730 |
| 2020 | $634 | $15,770 | $3,150 | $12,620 |
| 2019 | $610 | $12,950 | $2,590 | $10,360 |
| 2018 | $591 | $11,850 | $2,370 | $9,480 |
| 2017 | $551 | $10,450 | $2,090 | $8,360 |
| 2016 | $530 | $8,650 | $1,730 | $6,920 |
| 2015 | $514 | $6,800 | $1,360 | $5,440 |
Source: Public Records
Agents Affiliated with this Home
-
Britney Galvan
B
Seller's Agent in 2024
Britney Galvan
UMe Realty Group
(818) 398-0602
1 in this area
11 Total Sales
-
Andrew Kallien
A
Seller Co-Listing Agent in 2024
Andrew Kallien
UMe Realty Group
(503) 705-9350
1 in this area
22 Total Sales
-
Paul Mosley
Buyer's Agent in 2024
Paul Mosley
Epique Realty
(928) 208-8129
1 in this area
172 Total Sales
-
Parker Weinthal
Seller's Agent in 2022
Parker Weinthal
eXp Realty
(480) 447-1574
2 in this area
109 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6768954
APN: 302-64-094
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.
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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