NOT LISTED FOR SALE

645 N Arrowhead Dr Chandler, AZ 85224

Arrowhead Meadows Neighborhood

Estimated Value: $838,720 - $986,000

8 Beds
-- Bath
3,486 Sq Ft
$262/Sq Ft Est. Value

Last Sold January 20, 2020

Last sale price $539,000 $155 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,296/month

6 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Andersen Junior High School Rated A-

About This Home

As of January 2020

**INVESTOR SPECIAL*** **100% occupied** Tenants has never been late for rent. This 3,486 Sqft 4-plex property is located at the heart of Chandler. Minutes away from Chandler Mall, Restaurants area and 101 Hwy. All units have a large living room, eat-in kitchen, nice private patio area in front, refrigerator, storeroom with washer & dryer hook-ups, 2 nice size bedrooms, 1 full bath, and all tiles/carpet. Great opportunity for investors! Hurry, this one won't last long. Make an OFFER today!

Last Listed By

Sandy Phan

HomeSmart License #SA679902000 Listed on: 12/15/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,004

Year Built

  • Built in 1982

Lot Details

  • 0.28

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 125
  • Assessor Parcel Number 302-48-803

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12,031
  • Colonia Granada Unit 5 Lot 110 129 Subdivision

Building Details

  • Operating Expense $7,624
  • Gross Income $33,900
  • Net Operating Income $26,276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,004

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Ray and Dobson
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2019
  • Directions: East on Ray, south on Arrowhead. You have arrived at your destination, on the Left.
  • Road Surface Type: Gravel, Dirt, Concrete, Sidewalk(s)
  • Subdivision Name: COLONIA GRANADA UNIT 5 LOT 110-129
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • 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:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: None
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 1000.0

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: 12,031
  • Additional Parcels: No
  • Parcel #: 302-48-803

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33900.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 26276.0
  • Annual Operating Expense: 7624.0

Tax Info

  • Tax Annual Amount: 2004.0
  • Tax Book Number: 302.00
  • Tax Lot: 125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2019
Closed on
Dec 30, 2019
Sold by
Cheang Tony V and The Cheang Bun Family Trust
Bought by
Davis Matthew and Davis Michelle
Seller's Agent
Sandy Phan
HomeSmart
Buyer's Agent
Sandy Phan
HomeSmart Realty
List Price
$530,000
Sold Price
$539,000
Premium/Discount to List
$9,000
1.7%
Total Days on Market
6
Current Estimated Value
$914,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,430
Avg. Annual Appreciation
9.74%
Original Mortgage
$404,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Bun Chantha
Bought by
Cheang Tony and Bun Chantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2004
Sold by
Bun Chantha
Bought by
Bun Chantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Cheang Tony V
Bought by
Bun Chantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 1998
Sold by
Bun Chantha
Bought by
Bun Chantha and The Chantha Bun Revocable Living Trust

Purchase Details

Closed on
May 4, 1998
Sold by
Cheang Tony V
Bought by
Bun Chantha

Range of Values:

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Average Value
Not Available
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
Davis Matthew $539,000 Pioneer Title Agency Inc
Cheang Tony -- --
Bun Chantha -- Transnation Title Ins Co
Bun Chantha -- Transnation Title Ins Co
Bun Chantha -- --
Bun Chantha -- Fidelity Title
Bun Chantha $167,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Md Realty 645 N Arrowhead Llc $581,250
Closed Davis Matthew $404,250
Previous Owner Bun Chantha $100,000
Previous Owner Bun Chantha $134,000
Previous Owner Bun Chantha $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2020 01/20/20 Sold $539,000 +1.7% $155 / Sq Ft
12/15/2019 12/15/19 For Sale $530,000 -- $152 / 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 $2,140 $23,254 -- --
2024 $2,099 $22,147 -- --
2023 $2,099 $52,480 $10,490 $41,990
2022 $2,032 $41,070 $8,210 $32,860
2021 $2,089 $36,410 $7,280 $29,130
2020 $2,077 $34,770 $6,950 $27,820
2019 $2,004 $27,500 $5,500 $22,000
2018 $1,947 $23,060 $4,610 $18,450
2017 $1,830 $17,060 $3,410 $13,650
2016 $1,767 $16,280 $3,250 $13,030
2015 $1,694 $19,480 $3,890 $15,590
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sandy Phan

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6014843

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-48-803

Arizona Maricopa County Chandler 85224 Arrowhead Meadows

645 N Arrowhead Dr, Chandler, AZ

Homes for Sale in Chandler, AZ

This home is located at 645 N Arrowhead Dr, Chandler, AZ 85224 since 15 December 2019 and is currently estimated at $914,430, approximately $262 per square foot. This property was built in 1982. 645 N Arrowhead Dr is a home located in Maricopa County with nearby schools including Hartford Sylvia Encinas Elementary School, Andersen Junior High School, and Chandler 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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