NOT LISTED FOR SALE

803 W Ray Rd Unit A & B Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $428,365 - $508,000

-- Bed
2 Baths
800 Sq Ft
$589/Sq Ft Est. Value

Last Sold September 28, 2016

Last sale price $155,000 $194 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $2,549/month

33 Days on Market

Highlights

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

About This Home

As of September 2016

HUGE price reduction...Location, Location, Location! This duplex features two 2 bedroom 1 bathroom units. With parking. Close to shopping, schools and public transportation. Both units feature an open floor plan. Currently tenant occupied. This is a great Investment opportunity in a great location. AS-IS sale.

Last Agent to Sell the Property

Courtney Yant-Haug

Power Realty Group Model Home Center License #BR633471000 Listed on: 06/23/2016

Last Buyer's Agent

Cathy Hebert

ProSmart Realty License #SA583009000

ProSmart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $662

Year Built

  • Built in 1979

Lot Details

  • 5,706

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

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
  • Tax Lot 83
  • Assessor Parcel Number 302-49-204-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 5719
  • Holiday Subdivision

Building Details

  • Operating Expense $662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$662

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: RAY AND ALMA SCHOOL
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi- Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Subdivision Name: HOLIDAY
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Add'l Parking Avail, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

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: 5719
  • Additional Parcels: No
  • Parcel #: 302-49-204-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 662.0

Tax Info

  • Tax Annual Amount: 662.0
  • Tax Book Number: 302.00
  • Tax Lot: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2023
Sold by
Mohindra Rishi Kumar and Mohindra Zarah Anne
Bought by
Mohindra Family Trust
Current Estimated Value
$471,091

Purchase Details

Closed on
Nov 4, 2021
Sold by
Mohindra Rishi Kumar
Bought by
Mohindra Rishi Kumar and Mohindra Zarah Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2016
Closed on
Sep 20, 2016
Sold by
Randall Stephen and Randall Rachael M
Bought by
Mohindra Rishi Kumar
Seller's Agent
Courtney Yant-Haug
Power Realty Group Model Home Center
Buyer's Agent
Cathy Hebert
ProSmart Realty
List Price
$209,900
Sold Price
$155,000
Premium/Discount to List
-$54,900
-26.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$152,192
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2009
Sold by
Randall Stephen and Randall Rachael M
Bought by
City Of Chandler

Purchase Details

Closed on
Oct 4, 2007
Sold by
Brimhall Wade A and Brimhall Carin R
Bought by
Randall Stephen and Randall Rachael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2001
Sold by
Gerken George C and Gerken Kay J
Bought by
Brimhall Wade and Brimhall Carin

Purchase Details

Closed on
Jul 27, 1999
Sold by
Gerken Laurence F and Gerken Wilma J
Bought by
Gerken George C and Gerken Kay J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mohindra Family Trust -- --
Mohindra Rishi Kumar -- American Title Svc Agcy Llc
Mohindra Rishi Kumar $155,000 Empire West Title Agency
City Of Chandler -- Security Title Agency
Randall Stephen $205,000 First American Title Ins Co
Brimhall Wade $95,000 Security Title Agency
Gerken George C -- Transnation Title Insurance
Gerken Laurence F -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mohindra Rishi Kumar $143,000
Previous Owner Mohindra Rishi Kumar $152,192
Previous Owner Randall Stephen $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2016 09/28/16 Sold $155,000 -8.8% $194 / Sq Ft
09/27/2016 09/27/16 Price Changed $170,000 0.0% $213 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/25/2016 07/25/16 Pending -- -- --
07/18/2016 07/18/16 Price Changed $170,000 -19.0% $213 / Sq Ft
06/23/2016 06/23/16 For Sale $209,900 -- $262 / 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 $849 $9,082 -- --
2024 $820 $8,650 -- --
2023 $820 $29,870 $5,970 $23,900
2022 $794 $21,150 $4,230 $16,920
2021 $816 $20,400 $4,080 $16,320
2020 $811 $18,630 $3,720 $14,910
2019 $783 $12,510 $2,500 $10,010
2018 $761 $12,230 $2,440 $9,790
2017 $715 $10,020 $2,000 $8,020
2016 $690 $8,400 $1,680 $6,720
2015 $662 $7,680 $1,530 $6,150
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Courtney Yant-Haug

    Power Realty Group Model Home Center

  • Cathy Hebert

    Buyer's Agent in 2016

    Cathy Hebert

    ProSmart Realty

    (602) 369-3804

    3 Total Sales

    Cathy Hebert
    Section Image

  • C

    Buyer's Agent in 2016

    Cathleen Hebert

    Bliss Realty & Investments

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5461292

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-204A

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

803 W Ray Rd Unit A & B, Chandler, AZ

Not Listed for Sale

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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