NOT LISTED FOR SALE

785 W Ray Rd Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $427,000 - $1,436,000

-- Bed
2 Baths
1,436 Sq Ft
$782/Sq Ft Est. Value

Last Sold April 21, 2014

Last sale price $75,000 $52 Per Sq Ft

Est. 1,397% increase in value since last sale

Current estimated payment $6,315/month

24 Days on Market

Highlights

  • Cooling Available
  • Andersen Junior High School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of April 2014

Cash investors take notice, approximately a 15% return on money after expenses, See also MLS # 5084712, This is a total of a 6 plex with a stand alone SFR as part of the entire sale. All units occupied and bring in $3500/month. Sale is part of a 1031 exchange, please do not disturb the tenants. Possible setup where the landlord would live in the stand alone SFR unit and be able to maintain other 5 units. Seller would prefer to have all units(both buildings) sold together.

Last Agent to Sell the Property

Peter Tufts

HomeSmart License #BR544107000 Listed on: 03/14/2014

HomeSmart

Last Buyer's Agent

Shane Anderson

Affinity Home Assets LLC License #SA648790000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1970

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 302-72-146-A

Community Details

Overview

  • Building Dimensions are 76x168
  • Thunderbird Park Subdivision

Building Details

  • Operating Expense $7,839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Ray and Alma School
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: mf2
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2013
  • Directions: East on Ray, properties located at Ray and Jay RDS.
  • Road Surface Type: Asphalt
  • Subdivision Name: Thunderbird Park
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 3600.0
  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size: 76x168
  • Additional Parcels: Yes
  • Parcel #: 302-72-146-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 1
  • Electric Expense: 360.0
  • Insurance Expense: 2000.0
  • Annual Operating Expense: 7839.0

Tax Info

  • Tax Annual Amount: 679.0
  • Tax Book Number: 302.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2014
Closed on
Apr 9, 2014
Sold by
Johnson Jennifer and Johnson Seth
Bought by
Johnson Seth
Seller's Agent
Peter Tufts
HomeSmart
Buyer's Agent
Shane Anderson
Affinity Home Assets LLC
List Price
$69,500
Sold Price
$75,000
Premium/Discount to List
$5,500
7.91%
Current Estimated Value
$1,122,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,047,866
Avg. Annual Appreciation
23.44%
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
Johnson Seth -- First Arizona Title Agency
Johnson Seth $75,000 First Arizona Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2014 04/21/14 Sold $75,000 +7.9% $52 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $69,500 -- $48 / 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 $1,009 $10,969 -- --
2024 $990 $10,446 -- --
2023 $990 $30,310 $6,060 $24,250
2022 $959 $21,370 $4,270 $17,100
2021 $985 $20,410 $4,080 $16,330
2020 $980 $18,830 $3,760 $15,070
2019 $946 $16,600 $3,320 $13,280
2018 $919 $14,450 $2,890 $11,560
2017 $863 $13,520 $2,700 $10,820
2016 $834 $12,270 $2,450 $9,820
2015 $799 $11,210 $2,240 $8,970
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Peter Tufts

    HomeSmart

    Section Image
  • Shane Anderson

    Buyer's Agent in 2014

    Shane Anderson

    Affinity Home Assets LLC

    (760) 415-8170

    43 Total Sales

    Shane Anderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5084697

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-72-146A

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

785 W Ray Rd, Chandler, AZ

This home is located at 785 W Ray Rd, Chandler, AZ 85225 since 14 March 2014 and is currently estimated at $1,122,866, approximately $781 per square foot. This property was built in 1970. 785 W Ray Rd 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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