NOT LISTED FOR SALE

Estimated Value: $618,000 - $858,000

4 Beds
-- Bath
1,891 Sq Ft
$397/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $785,000 $415 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,106/month

9 Days on Market

Highlights

  • Cooling Available
  • Chandler High School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of September 2023

Excellent Opportunity within minutes of Downtown Chandler. Lots of upside potential. All units currently rented. 3 are month to month. One unit is remodeled as of March of 2023. new tile floors through main areas of the other 3. All units are 2 bedroom 1 bath and include a covered patio and exterior storage room. Complex has covered parking and additional uncovered parking Excess flooring on site to complete the remaining areas. Drive By only at this time. Please do not disturb tenants.

Last Agent to Sell the Property

Cory Whyte

Compass License #BR565110000 Listed on: 07/29/2023

Compass

Last Buyer's Agent

Jacob Kelso

Realty ONE Group License #SA702832000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,647

Year Built

  • Built in 1971

Lot Details

  • 0.37

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Frye Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 302-65-008-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 133x120

Building Details

  • Operating Expense $5,511
  • Gross Income $38,470
  • Net Operating Income $35,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,647

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave and Galveston
  • Property Type: Multiple Dwellings
  • Zoning: MF-1
  • Number Of Buildings: 2
  • Year Built: 1971
  • Tax Year: 2022
  • Directions: East on Galveston to SE corner of Fresno and Galveston
  • Road Surface Type: Gravel, Dirt, Asphalt, Alley
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 1920.0

Schools

  • Elementary School: Frye Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 133x120
  • Additional Parcels: No
  • Parcel #: 302-65-008-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 144.0
  • Annual Gross Income: 38470.2
  • Property Net Operating Income: 35796.0
  • Annual Operating Expense: 5511.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1647.0
  • Tax Book Number: 302.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2023
Closed on
Sep 8, 2023
Sold by
Jerrold Kelvin & Gordon Llc
Bought by
Carreto Zalatihel Morales
Seller's Agent
Cory Whyte
Compass
Buyer's Agent
Jacob Kelso
Realty ONE Group
List Price
$775,000
Sold Price
$785,000
Premium/Discount to List
$10,000
1.29%
Views
23
Current Estimated Value
$750,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,979
Avg. Annual Appreciation
0.71%
Original Mortgage
$588,750
Outstanding Balance
$578,729
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$217,662

Purchase Details

Closed on
Aug 20, 2009
Sold by
Allen Jerrold Lynn
Bought by
Jerrold Kelvin & Gordon Llc

Purchase Details

Closed on
Jun 20, 1994
Sold by
Davies Idris and Davies Rosa M
Bought by
Davies Idris and Davies Rosa M

Purchase Details

Closed on
May 2, 1977
Sold by
Fisher Eldon C and Fisher Ilah May
Bought by
Davies Idris M and Davies Rosa M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carreto Zalatihel Morales $785,000 Premier Title Agency
Jerrold Kelvin & Gordon Llc -- None Available
Davies Idris -- --
Davies Idris M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carreto Zalatihel Morales $588,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $785,000 +1.3% $415 / Sq Ft
07/29/2023 07/29/23 For Sale $775,000 -- $410 / 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 $1,734 $18,842 -- --
2024 $1,700 $17,944 -- --
2023 $1,700 $58,370 $11,670 $46,700
2022 $1,647 $37,280 $7,450 $29,830
2021 $1,693 $35,020 $7,000 $28,020
2020 $1,683 $31,770 $6,350 $25,420
2019 $1,624 $26,310 $5,260 $21,050
2018 $1,578 $25,960 $5,190 $20,770
2017 $1,482 $21,010 $4,200 $16,810
2016 $1,432 $19,210 $3,840 $15,370
2015 $1,373 $16,570 $3,310 $13,260
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6585990

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-65-008A