NOT LISTED FOR SALE

847 W Ray Rd Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $634,000 - $963,000

-- Bed
-- Bath
3,344 Sq Ft
$239/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $400,000 $120 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,338/month

2 Days on Market

Highlights

  • Cooling Available
  • Andersen Junior High School Rated A-
  • Heat Pump System

About This Home

As of August 2018

Rare opportunity to own a 4-plex in a desirable area of Chandler. Two 2-bedroom, 1-bath, and two 3-bedroom, 1-bath apartments. Located at the SW corner of Alma School and Ray. Nice cash flow and a great opportunity for future appreciation.

Last Agent to Sell the Property

Moe Hegazy

Hegazy Realty License #BR534046000 Listed on: 07/01/2018

Co-Listed By

Sohaib Hegazy

Hegazy Realty License #SA640782000

Last Buyer's Agent

Tarun Chopra

1st Dream Realty License #SA655749000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,307

Year Built

  • Built in 1988

Lot Details

  • 6,534

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Hartford Sylvia Encinas Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 95
  • Assessor Parcel Number 302-49-216

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6551
  • Holiday Addition Subdivision

Building Details

  • Operating Expense $1,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,307

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Cross Street: Alma School and Ray
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1988
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: hegr01
  • Co List Office Phone: 480-388-6972
  • Subdivision Name: HOLIDAY ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Brick Veneer, Block, Slump Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Hartford Sylvia Encinas Elementary
  • High School: Chandler High School
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 6551
  • Additional Parcels: No
  • Parcel #: 302-49-216

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 1307.0

Tax Info

  • Tax Annual Amount: 1307.0
  • Tax Book Number: 302.00
  • Tax Lot: 95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2020
Sold by
Chopra Charu G
Bought by
847 Ray Llc
Current Estimated Value
$800,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$252,815
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$547,361

Purchase Details

Listed on
Jul 1, 2018
Closed on
Aug 28, 2018
Sold by
Fnu Charu
Bought by
847 Ray Llc
Seller's Agent
Moe Hegazy
Hegazy Realty
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$399,500
Sold Price
$400,000
Premium/Discount to List
$500
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$288,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2018
Closed on
Jul 27, 2018
Sold by
Dwaik Fathi and Dwaik Hana
Bought by
Fnu Charu
Seller's Agent
Moe Hegazy
Hegazy Realty
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$399,500
Sold Price
$400,000
Premium/Discount to List
$500
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2018
Closed on
Jul 25, 2018
Sold by
Chopra Tarun
Bought by
Fnu Charu
Seller's Agent
Moe Hegazy
Hegazy Realty
Buyer's Agent
Tarun Chopra
1st Dream Realty
List Price
$399,500
Sold Price
$400,000
Premium/Discount to List
$500
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2017
Closed on
Sep 25, 2017
Sold by
Gley Mathew and Gley Ashley
Bought by
Dwaik Hana and Dwaik Fathi
Seller's Agent
Jason Harrell
AZ Pro Realty
Buyer's Agent
Moe Hegazy
Hegazy Realty
List Price
$299,900
Sold Price
$316,000
Premium/Discount to List
$16,100
5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.40%

Purchase Details

Listed on
Nov 30, 2015
Closed on
Dec 31, 2015
Sold by
N & T Properties Llc
Bought by
Gley Matthew and Gley Ashley
Seller's Agent
Jason Harrell
AZ Pro Realty
Buyer's Agent
Jeannie Dexter
Weichert, Realtors-Home Pro Realty
List Price
$249,900
Sold Price
$255,000
Premium/Discount to List
$5,100
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$255,000
Interest Rate
3.92%
Mortgage Type
VA

Purchase Details

Listed on
May 12, 2014
Closed on
Oct 13, 2014
Sold by
Tonthat Steven X N and Vu Trang T
Bought by
N & T Properties Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lan Nguyen
Realty ONE Group
List Price
$239,500
Sold Price
$225,000
Premium/Discount to List
-$14,500
-6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Purchase Details

Listed on
May 12, 2014
Closed on
Jul 22, 2014
Sold by
Aj Group Llc
Bought by
Tonthat Steven X N and Vu Trang T
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lan Nguyen
Realty ONE Group
List Price
$239,500
Sold Price
$225,000
Premium/Discount to List
-$14,500
-6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2013
Sold by
Sohrab Imran
Bought by
Aj Group Llc

Purchase Details

Closed on
Oct 16, 2012
Sold by
Payel Taslima
Bought by
Sohrab Imran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2012
Sold by
Amr Tech Llc
Bought by
Sohrab Imran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2011
Sold by
Aurora Loan Services Llc
Bought by
Amar Tech Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,050
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2011
Sold by
Lee Eunice
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 7, 2006
Sold by
Lee Eunice
Bought by
Lee Eugene and Lee Eunice

Purchase Details

Closed on
Dec 17, 2003
Sold by
Poole Jesse A and Poole Jennifer I
Bought by
Lee Euince

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
847 Ray Llc -- Security Title Agency
Chopra Charu G -- Security Title Agency
Chopra Charu G -- Security Title Agency
847 Ray Llc -- Accommodation
Fnu Charu $400,000 Wfg National Title Insurance
Fnu Charu -- Wfg National Title Insurance
Dwaik Hana $316,000 Pioneer Title Agency Inc
Gley Matthew $255,000 Grand Canyon Title Agency
N & T Properties Llc -- None Available
Tonthat Steven X N $225,000 First American Title Ins Co
Aj Group Llc -- None Available
Sohrab Imran -- Driggs Title Agency Inc
Sohrab Imran -- Driggs Title Agency Inc
Amar Tech Llc $90,000 Fidelity National Title Agen
Aurora Loan Services Llc $189,462 None Available
Lee Eugene -- None Available
Lee Euince $215,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chopra Charu G $285,000
Previous Owner Fnu Charu $288,000
Previous Owner Gley Matthew $255,000
Previous Owner Tonthat Steven X N $125,000
Previous Owner Sohrab Imran $110,500
Previous Owner Amar Tech Llc $56,050
Previous Owner Lee Euince $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2018 08/01/18 Sold $400,000 +0.1% $120 / Sq Ft
08/01/2018 08/01/18 For Sale $399,500 0.0% $119 / Sq Ft
08/01/2018 08/01/18 Price Changed $399,500 0.0% $119 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/30/2018 06/30/18 For Sale $399,500 0.0% $119 / Sq Ft
02/01/2018 02/01/18 Rented $750 0.0% --
01/23/2018 01/23/18 Under Contract -- -- --
01/16/2018 01/16/18 For Rent $750 0.0% --
09/29/2017 09/29/17 Sold $316,000 +5.4% $94 / Sq Ft View Prior Sale
09/02/2017 09/02/17 For Sale $299,900 +17.6% $90 / Sq Ft
01/08/2016 01/08/16 Sold $255,000 +2.0% $76 / Sq Ft View Prior Sale
12/02/2015 12/02/15 Pending -- -- --
11/30/2015 11/30/15 For Sale $249,900 +11.1% $75 / Sq Ft
09/05/2014 09/05/14 Sold $225,000 -6.1% $67 / Sq Ft View Prior Sale
07/21/2014 07/21/14 Pending -- -- --
05/12/2014 05/12/14 For Sale $239,500 -- $72 / 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 $1,553 $16,612 -- --
2024 $1,499 $15,821 -- --
2023 $1,499 $52,280 $10,450 $41,830
2022 $1,452 $36,910 $7,380 $29,530
2021 $1,492 $33,980 $6,790 $27,190
2020 $1,484 $30,830 $6,160 $24,670
2019 $1,432 $21,000 $4,200 $16,800
2018 $1,391 $20,350 $4,070 $16,280
2017 $1,307 $17,350 $3,470 $13,880
2016 $1,263 $14,930 $2,980 $11,950
2015 $1,211 $14,610 $2,920 $11,690
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Moe Hegazy

    Hegazy Realty

    (602) 326-3552

    112 Total Sales

    Moe Hegazy
    Section Image

  • J

    Seller's Agent in 2018

    Jose Uzarraga

    Arizona Elite Properties

    (480) 899-9010

    3 Total Sales

    Jose Uzarraga
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sohaib Hegazy

    Hegazy Realty

    (480) 277-1992

    74 Total Sales

    Sohaib Hegazy
    Section Image

  • T

    Buyer's Agent in 2018

    Tarun Chopra

    1st Dream Realty

    (602) 743-2111

    35 Total Sales

    Tarun Chopra
    Section Image
  • Jason Harrell

    Seller's Agent in 2017

    Jason Harrell

    AZ Pro Realty

    (480) 518-4282

    4 Total Sales

    Jason Harrell
    Section Image
  • Jeannie Dexter

    Buyer's Agent in 2016

    Jeannie Dexter

    Weichert, Realtors-Home Pro Realty

    (480) 982-7370

    95 Total Sales

    Jeannie Dexter
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5787812

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-216

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

847 W Ray Rd, 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

Nearby Homes