NOT LISTED FOR SALE

Estimated Value: $1,077,261

-- Bed
1 Bath
624 Sq Ft
$1,726/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $1,070,000 $1,715 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,348/month

6 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available
  • Chandler High School Rated A-

About This Home

As of November 2024

New Construction Triplex in the heart of Downtown Chandler historic disctrict. Beautifully Craftsman design and top of the line modern updates throughout the property. You have many options with this great property: rent all 3 out as long term rentals with the peace of mind maintanence will be taken care of for years to come (All units seperately metered h20 & electric) very low expenses for LL, offer them as short term or midterm rentals to maximize returns or live in one of the units and have the other two fully cover your living expenses. All units offer 2 bedrooms, vaulted ceilings, private courtyards and private garage. This will not last long!!

Last Listed By

Jacob Landis

Kenneth James Realty License #SA659174000 Listed on: 10/11/2024

Kenneth James Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,024

Year Built

  • Built in 2023

Lot Details

  • 7,449

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 359
  • Assessor Parcel Number 302-62-113

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 50x150
  • Chandler Subdivision

Building Details

  • Operating Expense $4,024
  • Gross Income $85,500
  • Net Operating Income $81,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,024

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd and Arizona Ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2024
  • Directions: East on Chandler BLVD to Colorado Colorado South to Property. Property is on the right side of the Road
  • Road Surface Type: Asphalt
  • Subdivision Name: CHANDLER
  • Garage Yn: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: 50x150
  • Additional Parcels: No
  • Parcel #: 302-62-113

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 85500.0
  • Property Net Operating Income: 81476.0
  • Annual Operating Expense: 4024.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4024.0
  • Tax Book Number: 302.00
  • Tax Lot: 359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Nov 10, 2024
Sold by
Delphic Homes Llc
Bought by
720 Calle Camisa Llc
Seller's Agent
Jacob Landis
Kenneth James Realty
Buyer's Agent
Darwin Wall
Realty ONE Group
List Price
$1,050,000
Sold Price
$1,070,000
Premium/Discount to List
$20,000
1.9%
Total Days on Market
6
Views
15
Current Estimated Value
$1,077,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,261
Avg. Annual Appreciation
1.23%

Purchase Details

Listed on
Jul 1, 2020
Closed on
Jul 24, 2020
Sold by
Granillo Marcelo
Bought by
Black Canyon Equity Llc
Seller's Agent
Michael D'Elena
Compass
Buyer's Agent
Ben Cummings
Palm and Cactus
List Price
$145,000
Sold Price
$138,321
Premium/Discount to List
-$6,679
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.93%

Purchase Details

Listed on
Jul 1, 2020
Closed on
Jul 20, 2020
Sold by
Black Canyon Equity Llc
Bought by
Delphic Homes Llc
Seller's Agent
Michael D'Elena
Compass
Buyer's Agent
Ben Cummings
Palm and Cactus
List Price
$145,000
Sold Price
$138,321
Premium/Discount to List
-$6,679
-4.61%

Purchase Details

Closed on
Jul 28, 2018
Sold by
Granillo Socorro
Bought by
Granillo Marcelo

Purchase Details

Closed on
Apr 2, 1999
Sold by
Brown Ronald L and Cardinal Gooding Elizabeth S
Bought by
Granillo Tiodoro and Granillo Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,409
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 23, 1998
Sold by
Brown Ronald L
Bought by
Brown Ronald L and Cardinal Gooding Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,400
Interest Rate
9.49%

Purchase Details

Closed on
Jan 7, 1998
Sold by
Shaud Elizabeth A
Bought by
Brown Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,400
Interest Rate
9.49%

Purchase Details

Closed on
Oct 8, 1996
Sold by
Shawl Arthur O
Bought by
Shawl Arthur O and Shaud Elizabeth A

Range of Values:

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Average Value
Not Available
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
720 Calle Camisa Llc $1,070,000 Fidelity National Title Agency
720 Calle Camisa Llc $1,070,000 Fidelity National Title Agency
Black Canyon Equity Llc $138,321 Tiago National Title Llc
Delphic Homes Llc $139,900 Tiago National Title Llc
Granillo Marcelo -- None Available
Granillo Tiodoro $72,000 Chicago Title Insurance Co
Brown Ronald L -- Equity Title Agency Inc
Brown Ronald L $42,000 Equity Title Agency
Shawl Arthur O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delphic Homes Llc $0
Previous Owner Granillo Socorro $85,000
Previous Owner Granillo Tiodoro $23,409
Previous Owner Brown Ronald L $29,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $1,070,000 0.0% $1,715 / Sq Ft
10/25/2024 10/25/24 Price Changed $1,070,000 +1.9% $1,715 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $1,050,000 +659.1% $1,683 / Sq Ft
07/28/2020 07/28/20 Sold $138,321 -4.6% $222 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $145,000 0.0% $232 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $145,000 -- $232 / 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 $4,024 $43,729 -- --
2024 $309 $41,647 -- --
2023 $309 $20,720 $4,140 $16,580
2022 $299 $14,280 $2,850 $11,430
2021 $307 $13,280 $2,650 $10,630
2020 $259 $9,870 $1,970 $7,900
2019 $249 $8,170 $1,630 $6,540
2018 $0 $6,250 $1,250 $5,000
2017 $0 $4,050 $810 $3,240
2016 $0 $3,000 $600 $2,400
2015 -- $2,810 $560 $2,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6769995

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-62-113