NOT LISTED FOR SALE

Estimated Value: $730,329

-- Bed
-- Bath
4,380 Sq Ft
$167/Sq Ft Est. Value

Last Sold July 01, 2015

Last sale price $350,000 $80 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,374/month

296 Days on Market

Highlights

  • 0.45 Acre Lot
  • Community Kitchen
  • Concrete Flooring
  • Chandler High School Rated A-
  • Central Air

About This Home

As of July 2015

UP UNTIL APRIL 2014 THIS PROPERTY HAD A FULL SERVICE OPERATIONAL 4,380 SQUARE FOOT MEXICAN RESTAURANT WITH APPROXIMATELY 26 PARKING SPACES -- 0N A 19,602 SQUARE FOOT LOT...THIS BUILDING HAS 2 SETS OF BATHROOM FACILITIES AS WELL AS 2 KITCHEN SET-UPS -- A GREAT SET-UP FOR A FULL SERVICE RESTAURANT AS WELL AS A CATERING BUSINESS...

Last Agent to Sell the Property

Alan Levanson

Berkshire Hathaway HomeServices Arizona Properties License #SA044061000 Listed on: 07/24/2014

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

Renu Bhargava

Berkshire Hathaway HomeServices Arizona Properties License #SA501309000

Last Buyer's Agent

Alan Levanson

Century 21 Arizona Foothills

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,239

Year Built

  • Built in 1971

Lot Details

  • 0.45 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned C-3 CITY C-8

Home Design

  • Block Exterior

Interior Spaces

  • 4,380 Sq Ft Home
  • Concrete Flooring

Parking

  • 26 Open Parking Spaces
  • 26 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Building Dimensions are 100 X 200
  • Community Kitchen
  • Operating Expense $5,239

Listing and Financial Details

  • Assessor Parcel Number 303-03-003-D

Property Details

Property Type

Other

Est. Annual Taxes

$5,239

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: ARIZONA AVE/CHANDLER BLVD
  • Property Type: Comm/Industry Sale
  • Zoning: C-3 CITY C-8
  • Current Use: Restaurant, Food Service
  • Number Of Buildings: 1
  • Year Built: 1971
  • Tax Year: 2013
  • Directions: EAST OF ARIZONA AVE / NEXT TO JACKSON STREET
  • Lot Size Acres: 0.45
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: praz08
  • Co List Office Phone: 480-385-1500
  • Structure Type: Commercial
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 26.0
  • Total Parking Spaces: 26.0
  • General Property Description:Uncvrd Parking Spcs: 26.0
  • General Property Description:Total Parking Spcs: 26.0
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Green Building Features: Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size: 100 X 200
  • Lot Size Sq Ft: 19602.0
  • Additional Parcels: No
  • Parcel #: 303-03-003-D
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 5239.0

Tax Info

  • Tax Annual Amount: 5239.0
  • Tax Book Number: 303.00
  • Tax Lot: 0000
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2014
Closed on
Jun 25, 2015
Sold by
Torres Martha
Bought by
Chens Family Investments Llc
Seller's Agent
Alan Levanson
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Alan Levanson
Berkshire Hathaway HomeServices Arizona Properties
List Price
$399,900
Sold Price
$350,000
Premium/Discount to List
-$49,900
-12.48%
Current Estimated Value
$730,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,329
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
May 5, 2000
Sold by
Gutkin Arthur
Bought by
Torres Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Chens Family Investments Llc $350,000 Security Title Agency Inc
Torres Martha $220,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Martha $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2015 07/01/15 Sold $350,000 -12.5% $80 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
07/23/2014 07/23/14 For Sale $399,900 -- $91 / 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 $5,837 $61,518 -- --
2024 $5,899 $60,419 -- --
2023 $5,899 $75,276 $27,897 $47,379
2022 $5,880 $76,581 $33,023 $43,558
2021 $6,217 $78,012 $33,966 $44,046
2020 $6,182 $76,662 $33,066 $43,596
2019 $5,966 $70,758 $29,520 $41,238
2018 $5,796 $62,568 $22,932 $39,636
2017 $5,445 $63,810 $21,222 $42,588
2016 $5,259 $61,686 $22,356 $39,330
2015 $5,183 $48,656 $18,334 $30,322
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5148561

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-03-003D