NOT LISTED FOR SALE

877 N Alma School Rd Chandler, AZ 85224

Arrowhead Meadows Neighborhood

Estimated Value: $395,815

-- Bed
2 Baths
2,007 Sq Ft
$197/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $3,500 $2 Per Sq Ft

Est. 11,209% increase in value since last sale

Current estimated payment $2,831/month

211 Days on Market

Highlights

  • 0.25 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Andersen Junior High School Rated A-
  • Ceramic Tile Flooring

About This Home

As of August 2023

A single story newly renovated residential garden office building with 6 parking spaces in the front, and 7 spaces in the back. 1,589 SF of floor area includes 1 private office suite with bathroom, reception, meeting room & 2 open work areas, break room & ADA restroom. Porcelain floor tiles throughout. Great for Professional Offices. such as Engineering, Insurance agency. Accounting... Requires City's Use Permit modification. Landloard may help with the process. Close to Chandler Fashion Center. INTEL, City Hall of Chandler, Costco, Chandler Hospital, Loop 101 & 202, Price Road Scientific Corridor. This property is also for sale.

Last Agent to Sell the Property

Ming Chen

Ming Int'l Real Estate License #BR044173000 Listed on: 05/09/2023

Last Buyer's Agent

Stella Bonin

ProSmart Realty License #BR550696000

ProSmart Realty

Property Details

Property Type

  • Other

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Property is zoned SF-8.5

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 2,007 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Community Details

  • Building Dimensions are 94' X 117'
  • Alma Ray Subdivision Unit 2

Listing and Financial Details

  • Property Available on 1/3/23
  • The owner pays for taxes
  • Tax Lot 81
  • Assessor Parcel Number 302-49-202

Property Details

Property Type

Other

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: SE Alma School Rd & Ray Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Lease
  • Zoning: SF-8.5
  • Number Of Buildings: 1
  • Lease Info Annual Lease Price: 34200.0
  • Lease Info Annual Lse Prc P S F: 20.28
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 2007
  • Year Built: 1972
  • Tax Year: 2023
  • Directions: South on Alma School Rd. Pass Ray Rd, 2 street blocks, the freestanding Residential Office Building is on the left.
  • Lot Size Acres: 0.25
  • Subdivision Name: ALMA RAY SUBDIVISION UNIT 2
  • Structure Type: Commercial, Office
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2007.0

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Public Parking, Free, Fenced, Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Tenant Pays:Parking Area Maint: Yes
  • Parking Features Free2: Yes
  • Parking Features:Paved: Yes
  • Parking Features Public Parking2: Yes
  • Parking Features Private11: Yes
  • Parking Features Fenced4: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Window/Wall Unit, Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size: 94' X 117'
  • Lot Size Sq Ft: 11042.0
  • Additional Parcels: No
  • Parcel #: 302-49-202
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-01-03

Multi Family

  • Owner Pays: Taxes
  • Existing Lease Type: Other (See Remarks)
  • Leasable Area: 1589.0

Tax Info

  • Tax Annual Amount: 2133.0
  • Tax Book Number: 302.00
  • Tax Lot: 81
  • Tax Map Number: 49.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2004
Sold by
Maccherola Lori Lee F
Bought by
Chen Ming Gin
Total Days on Market
211
Current Estimated Value
$395,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1997
Sold by
Maccherola Mark J
Bought by
Maccherola Lori Lee F
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
Chen Ming Gin $152,000 First American Title Ins Co
Maccherola Lori Lee F -- Ati Title Agency
Maccherola Lori Lee F $84,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Ming Gin $107,012
Closed Chen Ming Gin $121,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $3,500 +22.8% $2 / Sq Ft
05/09/2023 05/09/23 For Sale $2,850 -18.6% $1 / Sq Ft
04/17/2023 04/17/23 Off Market $3,500 -- --
01/03/2023 01/03/23 For Sale $2,850 -- $1 / 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 $8,138 $85,766 -- --
2024 $8,224 $84,234 -- --
2023 $8,224 $127,160 $37,536 $89,624
2022 $2,133 $51,293 $29,943 $21,350
2021 $2,255 $47,844 $30,798 $17,046
2020 $2,242 $44,730 $30,672 $14,058
2019 $2,163 $35,100 $30,240 $4,860
2018 $2,102 $34,362 $21,492 $12,870
2017 $1,448 $26,467 $17,184 $9,283
2016 $1,394 $24,141 $15,344 $8,797
2015 $1,264 $15,810 $7,107 $8,703
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Ming Chen

    Ming Int'l Real Estate

    (480) 792-1200

    1 in this area

    6 Total Sales

    Ming Chen
    Section Image
  • Stella Bonin

    Buyer's Agent in 2023

    Stella Bonin

    ProSmart Realty

    (480) 797-4884

    1 in this area

    18 Total Sales

    Stella Bonin
    Section Image
  • George Bliss

    Buyer Co-Listing Agent in 2023

    George Bliss

    ProSmart Realty

    (480) 807-8237

    1 in this area

    12 Total Sales

    George Bliss
    Section Image

  • G

    Buyer Co-Listing Agent in 2023

    George F Bliss III

    Bliss Realty & Investments

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6503378

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-202

Arizona Maricopa County Chandler 85224 Arrowhead Meadows

877 N Alma School Rd, Chandler, AZ

This home is located at 877 N Alma School Rd, Chandler, AZ 85224 since 09 May 2023 and is currently estimated at $395,815, approximately $197 per square foot. This property was built in 1972. 877 N Alma School 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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