NOT LISTED FOR SALE

960 N Jay St Unit C Chandler, AZ 85225

Arrowhead Meadows Neighborhood

Estimated Value: $758,000 - $1,003,000

4 Beds
4 Baths
854 Sq Ft
$988/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $590,000 $691 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,604/month

27 Days on Market

Highlights

  • Central Air
  • Andersen Junior High School Rated A-
  • Heating Available

About This Home

As of October 2020

Amazing cash flow and great multi family units 8 bedrooms/ 4 bathrooms investment opportunity! Very rare and desirable units in Chandler! All 4 units are 2 bedroom 1 bath. The tenant pays their own electric and the owner pays water/trash. Exterior updates includes new roof with 5 year warranty. Washer and dryer hookups for each unit! Excellent Chandler location close to everything! Minutes from the 202! Maintenance work including A/C and safety repairs are up to date! All Units are rented. Owner will be replacing all dishwashers, stoves and hoods.Very low vacancy, easy to rent and easy to manage.

NO HOA! Location is amazing -- next to major shopping centers, restaurants, central freeways, and top-tier Chandler schools. All units are rented, and tenants are great and always on-time; Rent for 3 units is $980.30 (plus tenants pay own gas/electricity, one tenant pays 925.00 plus $50 for water, but plenty of room to further increase rents. Section 8 rent is $1300-$1400 for each unit, (see screenshot in photos)! Hurry - this won't last long - don't miss out on this rare multi-family property with both great financials and real-estate fundamentals! Please do not disturb tenants, interior showing after signed and accepted contract.

Last Agent to Sell the Property

Shelsi Guthrie

Real Broker License #BR532488000 Listed on: 08/27/2020

Real Broker

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,445

Year Built

  • Built in 1980

Lot Details

  • 8,712

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 84
  • Assessor Parcel Number 302-49-205

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8712 sqft
  • Holiday Addition Subdivision

Building Details

  • Operating Expense $3,745
  • Gross Income $46,991
  • Net Operating Income $43,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,445

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Ray Road & Alma School
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2019
  • Directions: East on Ray Rd. to Jay St. Right on Jay St. Units on right corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: HOLIDAY ADDITION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual
  • 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:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2300.0

Lot Info

  • Lot Size: 8712 sqft
  • Additional Parcels: No
  • Parcel #: 302-49-205

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 46990.8
  • Property Net Operating Income: 43245.8
  • Annual Operating Expense: 3745.0

Tax Info

  • Tax Annual Amount: 1445.0
  • Tax Book Number: 302.00
  • Tax Lot: 84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Farnsworth Llc
Bought by
Karin P Doolittle 960 Jay Llc
Current Estimated Value
$843,876

Purchase Details

Closed on
May 2, 2023
Sold by
Farnsworth Llc
Bought by
Karin P Doolittle 960 Jay Llc

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 7, 2020
Sold by
Gupta Mohit and Gupta Alka
Bought by
Farnsworth Llc
Seller's Agent
Shelsi Guthrie
Real Broker
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$588,888
Sold Price
$590,000
Premium/Discount to List
$1,112
0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%

Purchase Details

Closed on
Mar 17, 2020
Sold by
Thornton James C and Thornton Sherry L
Bought by
Gupta Alka and Gupta Mohit

Purchase Details

Closed on
Apr 10, 2003
Sold by
Thornton Sherry L
Bought by
Thornton James C and Thornton Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.78%

Purchase Details

Closed on
Apr 4, 2003
Sold by
Thornton James C
Bought by
Thornton Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.78%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Seat Of Our Pants
Bought by
Thornton James C and Thornton Sherry L

Purchase Details

Closed on
May 18, 1999
Sold by
Hull James L and Hull Isabel A
Bought by
Seat Of Our Pants Inc
Source: Public Records

Range of Values:

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
Karin P Doolittle 960 Jay Llc -- None Listed On Document
Karin P Doolittle 960 Jay Llc -- None Listed On Document
Farnsworth Llc $590,000 First Integrity Ttl Agcy Of
Gupta Alka $445,000 Old Republic Title Agency
Thornton James C -- --
Thornton Sherry L -- Chicago Title Insurance Co
Thornton James C -- Chicago Title Insurance Co
Seat Of Our Pants Inc -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thornton Sherry L $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 For Sale $588,888 -0.2% $690 / Sq Ft
10/09/2020 10/09/20 Sold $590,000 +0.2% $691 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $588,888 0.0% $690 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $588,888 -- $690 / 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 $1,554 $16,895 -- --
2024 $1,525 $16,090 -- --
2023 $1,525 $54,260 $10,850 $43,410
2022 $1,477 $38,330 $7,660 $30,670
2021 $1,518 $35,660 $7,130 $28,530
2020 $1,498 $32,110 $6,420 $25,690
2019 $1,445 $21,560 $4,310 $17,250
2018 $1,404 $20,800 $4,160 $16,640
2017 $1,318 $17,660 $3,530 $14,130
2016 $1,273 $15,300 $3,060 $12,240
2015 $1,221 $14,920 $2,980 $11,940
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Shelsi Guthrie

    Real Broker

    37 Total Sales

    Shelsi Guthrie
    Section Image

  • L

    Buyer's Agent in 2020

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    92 Total Sales

    Larry Burr
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6123496

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-49-205

Arizona Maricopa County Chandler 85225 Arrowhead Meadows

960 N Jay St Unit C, Chandler, AZ

This home is located at 960 N Jay St Unit C, Chandler, AZ 85225 since 27 August 2020 and is currently estimated at $843,876, approximately $988 per square foot. This property was built in 1980. 960 N Jay St Unit C 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

Nearby Homes