NOT LISTED FOR SALE

601 E Laredo St Unit B Chandler, AZ 85225

East Chandler Neighborhood

Estimated Value: $551,439 - $774,000

Studio
4 Baths
2,150 Sq Ft
$292/Sq Ft Est. Value

Sale Details

Date Sold: November 18, 2016

Last sale price $170,000 $79 Per Sq Ft

Est. 270% increase in value since last sale

Current estimated payment $3,507 / mo

1 Day on Market

Highlights

  • Cooling Available
  • Willis Junior High School Rated A-
  • Heating Available

About This Home

As of November 2016

THIS TYPE OF INVESTMENT PROPERTY DOES NOT COME AROUND OFTEN. 2 UNITS, EACH 3BED, 2 BATH ON A LARGE LOT IN CENTRALIZED CHANDLER LOCATION. GREAT BUY AND HOLD OPPORTUNITY, TENANTS ALREADY IN PLACE.

Last Agent to Sell the Property

Eleazar Medrano

Real Broker License #SA545022000 Listed on: 10/28/2016

Real Broker

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $994

Year Built

  • Built in 1980

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces

Schools

  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 2 Units
  • Building Dimensions are 11356
  • Arcadia Village 1 Subdivision

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 302-68-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$994

Year Built

Built in 1980

Lot Details

0.26 Acres

Listing Details

  • Cross Street: ARIZONA/RAY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTIFAMILY
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2016
  • Road Surface Type: Dedicated Street, Concrete, Sidewalk(s)
  • Subdivision Name: ARCADIA VILLAGE 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: None

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Schools

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

Lot Info

  • Lot Size: 11356
  • Additional Parcels: No
  • Parcel #: 302-68-025

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 994.0
  • Tax Book Number: 302.00
  • Tax Lot: 20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2016
Closed on
Nov 16, 2016
Sold by
Bought by
Seller's Agent
Eleazar Medrano
Real Broker
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Current Estimated Value
$628,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,610
Avg. Annual Appreciation
14.61%
Original Mortgage
$166,920
Outstanding Balance
$134,345
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$494,265

Purchase Details

Closed on
May 29, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,645
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,116
Interest Rate
3.59%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2009
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$170,000 Security Title Agency Inc
$130,000 Empire West Title Agency
-- Great American Title Agency
$104,000 Great American Title Agency
-- Equity Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $166,920
Previous Owner $127,645
Previous Owner $102,116
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $170,000 -2.9% $79 / Sq Ft
10/28/2016 10/28/16 Pending -- -- --
10/27/2016 10/27/16 For Sale $175,000 -- $81 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,222 $15,688 -- --
2024 $1,180 $14,941 -- --
2023 $1,180 $38,610 $7,720 $30,890
2022 $1,139 $29,220 $5,840 $23,380
2021 $1,194 $27,530 $5,500 $22,030
2020 $1,188 $26,830 $5,360 $21,470
2019 $1,143 $20,930 $4,180 $16,750
2018 $1,107 $17,750 $3,550 $14,200
2017 $1,031 $16,870 $3,370 $13,500
2016 $994 $14,630 $2,920 $11,710
2015 $963 $13,450 $2,690 $10,760
Source: Public Records

Agents Affiliated with this Home

  • Eleazar Medrano

    Seller's Agent in 2016

    Eleazar Medrano

    Real Broker

    (480) 571-7052

    274 Total Sales

    Eleazar Medrano
    Section Image

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5517609

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-68-025

Arizona Maricopa County Chandler 85225 East Chandler

601 E Laredo St Unit B, Chandler, AZ

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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