NOT LISTED FOR SALE

729 W Ray Rd Unit 10 Chandler, AZ 85225

Arrowhead Meadows Neighborhood
20 Beds
10 Baths
10 Sq Ft
1964 Built

Last Sold September 16, 2016

Last sale price $690,000 $69,000 Per Sq Ft

33 Days on Market

Highlights

  • Community Playground
  • Community Barbecue Grill
  • Central Heating and Cooling System
  • Andersen Junior High School Rated A-
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of September 2016

TO GET TO THE PARKING LOT GO TO SUNSET SOUTH TO SHANNON WEST TO ALLEY ENTER THE ALLEY IS THE THIRD BUILDING FROM THE CORNER. NO REAL ESTATE SIGN, JUST THE PROPERTY NAME (THUNDERBIRD APARTMENTS. ON THE FRONT ON RAY RD..TWO BLOCK BUILDINGS TO MAILING A DRESSES AND 2 PARCEL NUMBERS.
PACKAGE DEAL ONLY, THE 2 BUILDING NEED TO BE SOLD TO THE SAME INVESTOR.

Last Listed By

Hector Salvador

JK Realty License #SA114727000 Listed on: 07/21/2016

JK Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 1964

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Roof
  • Metal Construction or Metal Frame

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 15 Parking Spaces
  • 10 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Hartford Sylvia Encinas Elementary School
  • Chandler High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Tax Lot 11-12
  • Assessor Parcel Number 302-72-142-A

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Building Dimensions are 729 = 11,443 743 = 11,443
  • Thunderbird Park Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground

Building Details

  • Operating Expense $21,380
  • Gross Income $76,447
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,200

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: ALMA SCHOOL AND ARIZONA AVE
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2015
  • Directions: FROM ALMA SCHOOL GO EAST ON RAY RD TO THE PROPERTY ON THE SOUTH SIDE.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Subdivision Name: Thunderbird Park
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Frame - Metal, Slump Block
  • Roof: Composition, Metal
  • Construction:Frame - Metal: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: <1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Fuel Expense: 3315.0
  • Trash Expense: 1390.0
  • Annual Water Sewer Expense: 2455.0

Schools

  • Elementary School: Hartford Sylvia Encinas Elementary
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: 729 = 11,443 743 = 11,443
  • Additional Parcels: Yes
  • Parcel #: 302-72-142-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 10
  • Electric Expense: 1220.0
  • Annual Gross Income: 76446.83
  • Insurance Expense: 3500.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 20000.0
  • Annual Operating Expense: 21380.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3200.0
  • Tax Book Number: 302.00
  • Tax Lot: 11-12

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2016 09/16/16 Sold $690,000 -11.0% $69,000 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
07/25/2016 07/25/16 Price Changed $775,000 -12.9% $77,500 / Sq Ft
07/21/2016 07/21/16 For Sale $890,000 -- $89,000 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hector Salvador

    Seller's Agent in 2016

    Hector Salvador

    JK Realty

    (480) 600-2426

    13 Total Sales

    Hector Salvador
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5473522

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

729 W Ray Rd Unit 10, Chandler, AZ

Homes for Sale in Chandler, AZ

This home is located at 729 W Ray Rd Unit 10, Chandler, AZ 85225 since 21 July 2016. This property was built in 1964. 729 W Ray Rd Unit 10 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