NOT LISTED FOR SALE

863 W Ray Rd Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $786,450 - $961,000

-- Bed
-- Bath
3,416 Sq Ft
$260/Sq Ft Est. Value

Last Sold November 29, 2019

Last sale price $527,000 $154 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,793/month

9 Days on Market

Highlights

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

About This Home

As of November 2019

Ray Road is a four-unit apartment community located in Central Chandler with immediate access to Downtown Chandler, Anderson Springs, and Chandler Fashion Center. Developed in 1980, the property is comprised of
spacious two-bedroom floorplans - 100% of which have existing washer/ dryer units in-suite. The community spaces have undergone renovations which include new exterior paint and accents, landscaping and dual-pane
windows.
Future ownership will have the opportunity to execute interior renovations in order to achieve a suggested $150 monthly renovation premium.

Last Agent to Sell the Property

Craig Young

REI Marketing License #BR107286000 Listed on: 09/07/2019

Last Buyer's Agent

Al Ramos

eXp Realty License #SA666007000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,406

Year Built

  • Built in 1980

Lot Details

  • 6,578

Home Design

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

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 99
  • Assessor Parcel Number 302-49-220

Community Details

Overview

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

Building Details

  • Operating Expense $1,406
  • Gross Income $41,287

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,406

Year Built

Built in 1980

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
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: HOLIDAY ADDITION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: None, BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:None38: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), >1 Space Per Unit, 1 Space/Unit
  • Attached Garage: No
  • 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:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: 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: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 302-49-220

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 41287.0
  • Annual Operating Expense: 1406.0

Tax Info

  • Tax Annual Amount: 1406.0
  • Tax Book Number: 302.00
  • Tax Lot: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2020
Sold by
Valenzuela Ricardo
Bought by
R Valenzuela 863 Llc
Current Estimated Value
$887,113

Purchase Details

Listed on
Sep 7, 2019
Closed on
Nov 20, 2019
Sold by
Casper Holdings Llc
Bought by
Valenzuela Ricardo
Seller's Agent
Craig Young
REI Marketing
Buyer's Agent
Al Ramos
eXp Realty
List Price
$527,000
Sold Price
$527,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$390,000
Outstanding Balance
$343,100
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$544,013

Purchase Details

Listed on
Feb 10, 2019
Closed on
Mar 13, 2019
Sold by
Chappell Street Properties Llc
Bought by
Casper Holdings Llc
Seller's Agent
David Barney
Fathom Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$435,000
Sold Price
$421,950
Premium/Discount to List
-$13,050
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.38%
Original Mortgage
$337,560
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 30, 2017
Sold by
Chappell David
Bought by
Chappell David and Chappell Street Properties Llc

Purchase Details

Listed on
Aug 17, 2017
Closed on
Sep 14, 2017
Sold by
Sanchez Jose Concepcion De Anda and Figueroa Maria Celia Turati
Bought by
Chappel David
Seller's Agent
Perla Aguilera
HomeSmart
Buyer's Agent
David Barney
Fathom Realty
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%

Purchase Details

Closed on
Nov 25, 2012
Sold by
Madrigal Ricardo Valadez
Bought by
Sanchez Jose Concepcion De Anda and Figueroa Maria Celia Turati

Purchase Details

Closed on
Sep 14, 2009
Sold by
U S Bank National Association
Bought by
Madrigal Ricardo Valadez

Purchase Details

Closed on
Oct 21, 2008
Sold by
Nichols John Stearns
Bought by
U S Bank National Association

Purchase Details

Closed on
Apr 21, 2005
Sold by
Reed Bryan
Bought by
Nichols John Stearns

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,750
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 20, 2005
Sold by
Nichols Kimberly
Bought by
Nichols John Stearns

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,750
Interest Rate
5.99%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 25, 2005
Sold by
Gulino Anthony
Bought by
Reed Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
8.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2003
Sold by
In Bun Kruy
Bought by
Gulino Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1999
Sold by
Bun Chantha
Bought by
In Bun Kruy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
7.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 1998
Sold by
Bun Chantha
Bought by
Bun Chantha and The Chantha Bun Revocable Living Trust

Purchase Details

Closed on
Dec 23, 1996
Sold by
Cheang Tony
Bought by
Bun Chantha
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
R Valenzuela 863 Llc -- None Available
Valenzuela Ricardo $527,000 American Title Svc Agcy Llc
Casper Holdings Llc $421,950 First Arizona Title Agency
Chappell David -- None Available
Chappel David $290,000 American Title Service Agenc
Sanchez Jose Concepcion De Anda $85,000 None Available
Madrigal Ricardo Valadez $81,250 Lsi Title Agency
U S Bank National Association $185,388 None Available
Nichols John Stearns $275,000 Fidelity National Title
Nichols John Stearns -- Fidelity National Title
Reed Bryan $245,000 Chicago Title Insurance Co
Gulino Anthony $221,000 Ticor Title Agency Of Az Inc
In Bun Kruy $143,000 Chicago Title Insurance Co
Bun Chantha -- --
Bun Chantha -- Chicago Title Insurance Co
Bun Chantha $110,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valenzuela Ricardo $390,000
Previous Owner Casper Holdings Llc $337,560
Previous Owner Nichols John Stearns $68,750
Previous Owner Nichols John Stearns $178,750
Previous Owner Nichols John Stearns $178,750
Previous Owner Reed Bryan $196,000
Previous Owner Gulino Anthony $176,800
Previous Owner In Bun Kruy $114,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2019 11/29/19 Sold $527,000 0.0% $154 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $527,000 +24.9% $154 / Sq Ft
03/18/2019 03/18/19 Sold $421,950 -3.0% $124 / Sq Ft View Prior Sale
02/14/2019 02/14/19 Pending -- -- --
02/09/2019 02/09/19 For Sale $435,000 +45.5% $127 / Sq Ft
09/20/2017 09/20/17 Sold $299,000 0.0% $88 / Sq Ft View Prior Sale
08/19/2017 08/19/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $299,000 -- $88 / 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 $1,525 $16,311 -- --
2024 $1,472 $15,535 -- --
2023 $1,472 $52,610 $10,520 $42,090
2022 $1,426 $37,220 $7,440 $29,780
2021 $1,465 $34,310 $6,860 $27,450
2020 $1,457 $30,900 $6,180 $24,720
2019 $1,406 $20,980 $4,190 $16,790
2018 $1,366 $20,330 $4,060 $16,270
2017 $1,283 $17,310 $3,460 $13,850
2016 $1,240 $14,830 $2,960 $11,870
2015 $1,189 $14,570 $2,910 $11,660
Source: Public Records

Agents Affiliated with this Home

  • Craig Young

    Seller's Agent in 2019

    Craig Young

    REI Marketing

    (480) 773-2183

    158 Total Sales

    Craig Young
    Section Image
  • David Barney

    Seller's Agent in 2019

    David Barney

    Fathom Realty

    (480) 252-6459

    202 Total Sales

    David Barney
    Section Image
  • Tyler Monsen

    Seller Co-Listing Agent in 2019

    Tyler Monsen

    Citiea

    (602) 301-7205

    160 Total Sales

    Tyler Monsen
    Section Image
  • Al Ramos

    Buyer's Agent in 2019

    Al Ramos

    eXp Realty

    (602) 214-2749

    6 Total Sales

    Al Ramos
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

  • Perla Aguilera

    Seller's Agent in 2017

    Perla Aguilera

    HomeSmart

    (480) 330-2746

    26 Total Sales

    Perla Aguilera
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5975431

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-220

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

863 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