NOT LISTED FOR SALE

867 W Ray Rd Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $637,731 - $966,000

-- Bed
-- Bath
3,416 Sq Ft
$239/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $430,000 $126 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,404/month

5 Days on Market

Highlights

  • Multiple cooling system units
  • Andersen Junior High School Rated A-
  • Heating Available

About This Home

As of January 2020

Wonderful SLUMP BLOCK 2 STORY 4 PLEX property either for owner occupied or for investment, located very close to the heart of chandler, easy access to 202, 101 and 60 freeways, and shopping centers; don't hesitate to come a look this great condition property.

Last Agent to Sell the Property

Madel Silva

DeLex Realty License #SA680207000 Listed on: 12/12/2019

DeLex Realty

Co-Listed By

Alberto Avena

DeLex Realty License #SA569491000

Last Buyer's Agent

Madel Silva

DeLex Realty License #SA680207000 Listed on: 12/12/2019

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1980

Lot Details

  • 7,797

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Tax Lot 100
  • Assessor Parcel Number 302-49-221

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7806
  • Holiday Addition Subdivision

Building Details

  • Operating Expense $4,987
  • Net Operating Income $29,573

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,437

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Ray Rd and Alma School
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Alley
  • Co List Office Mls Id: dele001
  • Subdivision Name: HOLIDAY ADDITION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Attached: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 840.0
  • Annual Water Sewer Expense: 960.0

Lot Info

  • Lot Size: 7806
  • Additional Parcels: No
  • Parcel #: 302-49-221

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 4
  • Insurance Expense: 1100.0
  • Maintenance Expense: 650.0
  • Property Net Operating Income: 29573.0
  • Annual Operating Expense: 4987.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1437.0
  • Tax Book Number: 302.00
  • Tax Lot: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2021
Sold by
Chopra Tarun
Bought by
847 Ray Llc
Current Estimated Value
$814,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Outstanding Balance
$288,386
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$526,547

Purchase Details

Listed on
Dec 12, 2019
Closed on
Feb 5, 2020
Sold by
Chopra Tarun
Bought by
847 Ray Llc
Seller's Agent
Madel Silva
DeLex Realty
Buyer's Agent
Madel Silva
DeLex Realty
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%
Original Mortgage
$322,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2019
Closed on
Jan 23, 2020
Sold by
Chopra Charu Gulati
Bought by
Chopra Tarun
Seller's Agent
Madel Silva
DeLex Realty
Buyer's Agent
Madel Silva
DeLex Realty
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2019
Closed on
Jan 7, 2020
Sold by
Rodriguez Sergio and Rodriguez Dawna J
Bought by
Chopra Tarun
Seller's Agent
Madel Silva
DeLex Realty
Buyer's Agent
Madel Silva
DeLex Realty
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2018
Closed on
Feb 21, 2018
Sold by
Valdez Guillermo E and Valdez Emelia
Bought by
Rodirguez Sergio and Rodirguez Dawn J
Seller's Agent
Alberto Avena
DeLex Realty
Buyer's Agent
Alberto Avena
DeLex Realty
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.77%
Original Mortgage
$217,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2005
Sold by
Avena Alberto
Bought by
Avena Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2005
Sold by
Avena Patricia
Bought by
Valdez Guillermo E and Valdez Emelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2001
Sold by
Jacobs Michael G
Bought by
Avena Alberto and Avena Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 1998
Sold by
Wochner David K
Bought by
Jacobs Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
9.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1996
Sold by
Krawiec Stephen P
Bought by
Wochner David K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,697
Interest Rate
6.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 29, 1993
Sold by
Tran Tuan and Krawiec Stephen P
Bought by
Krawiec Stephen P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
847 Ray Llc -- Dhi Title Agency
Chopra Tarun -- Accommodation
Chopra Tarun -- Dhi Title Agency
847 Ray Llc -- None Available
Chopra Tarun -- Wfg National Title Ins Co
Chopra Tarun $430,000 Wfg National Title Ins Co
Rodirguez Sergio $290,000 Old Republic Title Agency
Avena Patricia -- First American Title Ins Co
Valdez Guillermo E $300,000 First American Title Ins Co
Avena Alberto $158,000 Security Title Agency
Jacobs Michael G $146,000 Chicago Title Insurance Co
Wochner David K $130,000 United Title Agency
Krawiec Stephen P $105,700 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chopra Tarun $323,000
Previous Owner Chopra Tarun $322,500
Previous Owner Rodirguez Sergio $217,500
Previous Owner Valdez Guillermo E $240,000
Previous Owner Avena Alberto $118,500
Previous Owner Jacobs Michael G $132,300
Previous Owner Wochner David K $29,697
Closed Jacobs Michael G $4,589
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2020 01/31/20 Sold $430,000 +1.2% $126 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $425,000 +46.6% $124 / Sq Ft
02/28/2018 02/28/18 Sold $290,000 -3.3% $85 / Sq Ft View Prior Sale
01/25/2018 01/25/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $300,000 -- $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 $1,559 $16,669 -- --
2024 $1,504 $15,875 -- --
2023 $1,504 $53,600 $10,720 $42,880
2022 $1,457 $37,880 $7,570 $30,310
2021 $1,497 $35,120 $7,020 $28,100
2020 $1,489 $31,620 $6,320 $25,300
2019 $1,437 $21,330 $4,260 $17,070
2018 $1,396 $20,610 $4,120 $16,490
2017 $1,311 $17,520 $3,500 $14,020
2016 $1,267 $15,120 $3,020 $12,100
2015 $1,215 $14,780 $2,950 $11,830
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Madel Silva

    DeLex Realty

    (480) 756-9922

    2 in this area

    23 Total Sales

    Madel Silva
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Alberto Avena

    DeLex Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6013896

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-221

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

867 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

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