$920,000
SOLD DEC 16, 2024

615 N Arrowhead Dr Chandler, AZ 85224

Arrowhead Meadows Neighborhood
-- Bed
-- Bath
3,678 Sq Ft
0.28 Acres

Recently Sold

$250 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating unit installed on the ceiling
  • Andersen Junior High School Rated A-
  • Ceiling Fan

About This Home

As of December 2024

4 units- 2Br/1 Ba-single level**Each unit has covered patio surrounded w/block wall, storage/laundry room of patio** Most tenants have been in several years** Well maintained, block construction/stucco building sitting on large, deep lot with assigned covered parking plus extra-also parking on street permitted **Roof was resurfaced in 2013 **3 HVAC units are under 2 yrs old, one is older**Water heaters are 4 to 6 yrs old**Tile flooring in 4 units , **The Unit #1 is about 50 sq ft larger than other 3 , has Fireplace, **Tenants pay electric, owner pays water/sewer/trash **Excellent location: few blocks away from large Arrowhead park w/pool, picnic areas, sport fields**Shopping, restaurants, lake -less than 1 mile, frwys 101 and 202- about 2 miles *** This building has 3678 Sq Ft livable

Last Agent to Sell the Property

Slavica Kaniski

West USA Realty License #SA110363000 Listed on: 10/11/2024

West USA Realty

Last Buyer's Agent

Yulianna Kendzer

Realty ONE Group License #SA687425000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 1982

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Erie Elementary School
  • John M Andersen Jr High Middle School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 128
  • Assessor Parcel Number 302-48-806

Community Details

Overview

  • 4 Units
  • Building Dimensions are 199.82' x 60.81'
  • Colonia Granada Unit 5 Subdivision

Building Details

  • Operating Expense $8,016
  • Gross Income $61,776
  • Net Operating Income $52,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,644

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Dobson/Ray
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: COLONIA GRANADA UNIT 5
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2844.0
  • Annual Water Sewer Expense: 888.0

Schools

  • Elementary School: Erie Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: John M Andersen Jr High School

Lot Info

  • Lot Size: 199.82' x 60.81'
  • Additional Parcels: No
  • Parcel #: 302-48-806

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 61776.0
  • Insurance Expense: 2340.0
  • Maintenance Expense: 300.0
  • Property Net Operating Income: 52096.0
  • Annual Operating Expense: 8016.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1644.0
  • Tax Book Number: 302.00
  • Tax Lot: 128

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Dec 16, 2024
Sold by
In Bun Kruy
Bought by
Compton Michael and Compton Pooja
Seller's Agent
Slavica Kaniski
West USA Realty
Buyer's Agent
Yulianna Kendzer
Realty ONE Group
List Price
$950,000
Sold Price
$920,000
Premium/Discount to List
-$30,000
-3.16%
Views
2
Current Estimated Value
$936,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,322
Avg. Annual Appreciation
1.81%
Original Mortgage
$690,000
Outstanding Balance
$684,500
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$251,822

Purchase Details

Closed on
Jul 25, 2000
Sold by
Senum Gunder E and Senum Saundra K
Bought by
In Bun Kruy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
8.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $920,000 Roc Title Agency
Warranty Deed $179,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $690,000 New Conventional
Previous Owner $161,100 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2024 12/16/24 Sold $920,000 -3.2% $250 / Sq Ft
10/13/2024 10/13/24 Pending -- -- --
10/12/2024 10/12/24 Off Market $950,000 -- --
10/12/2024 10/12/24 For Sale $950,000 0.0% $258 / Sq Ft
10/11/2024 10/11/24 For Sale $950,000 -- $258 / 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 $1,703 $18,218 -- --
2024 $1,644 $17,351 -- --
2023 $1,644 $54,360 $10,870 $43,490
2022 $1,592 $42,530 $8,500 $34,030
2021 $1,637 $37,620 $7,520 $30,100
2020 $1,627 $27,640 $4,950 $22,690
2019 $1,570 $21,850 $3,910 $17,940
2018 $1,526 $18,260 $3,270 $14,990
2017 $1,433 $13,810 $2,470 $11,340
2016 $1,385 $13,910 $2,490 $11,420
2015 $1,327 $16,770 $3,000 $13,770
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Slavica Kaniski

    West USA Realty

    (602) 418-2789

    1 in this area

    34 Total Sales

    Slavica Kaniski
    Section Image

  • Y

    Buyer's Agent in 2024

    Yulianna Kendzer

    Realty One Group

    (480) 468-0211

    1 in this area

    41 Total Sales

    Yulianna Kendzer
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6768933

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-48-806

Arizona Maricopa County Chandler 85224 Arrowhead Meadows

615 N Arrowhead Dr, Chandler, AZ

Sold

MultiFamily

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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