2 months on rocket

498 N Arizona Ave, Chandler, AZ, 85225

$2,600,000

0 Baths
House

Location

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Property Highlights

Home TypeOther
Parking>1 Space Per Unit
Year Built1948
HeatingNatural Gas
CoolingOther, Electric, Ceiling Fan(s)
MLS #6767834
StatusActive

About 498 N Arizona Ave

The Avenue Apartments is a nicely renovated 13 unit complex located near Downtown Chandler. This investment opportunity offers a step in 6.7% cap rate with further opportunity to increase NOI through renovating the remaining 5 units. The attractive unit mix includes 5 2bed/1bath units and 8 1bed/1bath units. Major exterior renovations have been done inclucding new exterior stucco and paint, new plumbing, new parking lot asphalt and stripping, and a refurbished courtyard.

Property Details

Property Features

Property Information:

  • Year Built: 1948

Listing Office:

  • Office Name: Orion Investment Real Estate
  • Office Phone: (480) 634-6934
  • Listing Agent: Jackson Everhart

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Vinyl

Exterior Features

Parking Information:

  • Parking: >1 Space Per Unit

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Other, Electric, Ceiling Fan(s)

Other

Directions Information:

  • Directions: North on Arizona Ave to Oakland Street, property is on the SW corner

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,600,000

Tax Information:

  • Annual Amount: $3,856
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Chandler, AZ.

Med. Sold Price

$534.9K

Med. Price/SqFt

$296

Avg. Days On Market

53

# of Sold Homes

205

498 N Arizona Ave vs Chandler

76 DAYS ON ROCKET

+23 Days

$2,600,000

+$2.0M More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price in Chandler, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6767834

Listing Office:

  • Office Name: Orion Investment Real Estate
  • Office Phone: (480) 634-6934
  • Listing Agent: Jackson Everhart

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 09, 2017Home Sold
$704,900
Jan 17, 2017Home Sold
$489,000
Feb 19, 2004Home Sold
$440,000
Mar 15, 2002Home Sold
$360,000
Jul 31, 2001Home Sold
$252,200
Oct 10, 1996Home Sold
$285,000
Jun 12, 1996Home Sold
$282,652
Feb 15, 1995Home Sold
$285,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,856$93,760
2020$3,834$76,800
2019$3,594$61,520
2017$3,377$45,780

History based on county public records data.

Payment Calculator

$13K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,861

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1061602
3
/10
  • Galveston Elementary School

  • 661 E Galveston St

  • 0.61 miles

  • Public District Grades PK-6

school-card-donut-1061603
5
/10
  • Hartford Sylvia Encinas Elementary School

  • 700 N Hartford St

  • 0.62 miles

  • Public District Grades PK-6

school-card-donut-1061604
3
/10
  • San Marcos Elementary School

  • 451 W Frye Rd

  • 0.99 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,830. Typical income of Chandler, AZ residents is less than $35k annually. Most families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Chandler, AZ

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Chandler, AZ.

Chandler's housing market is diverse, offering a range of options from single-family homes to multi-family apartments and townhouses. The architectural styles vary, with a prevalence of contemporary and ranch-style homes. A significant portion of the housing development occurred in the late 20th century, reflecting the city's growth during that period. The homeownership rate in Chandler is robust, with a majority of residents owning their homes.

What is it like to live in Chandler, AZ?

Chandler is celebrated for its family-friendly atmosphere and community-oriented lifestyle. The city prides itself on hosting events like the Chandler Ostrich Festival, which reflects its unique heritage and fosters a sense of community. The area is known for its well-maintained parks and recreational facilities, contributing to the overall character of the city.

Is it easy to get around Chandler, AZ without a car?

The community is served by a comprehensive educational system, including numerous public and private schools that cater to a range of educational needs. Chandler is home to several healthcare facilities, offering a variety of services to meet the medical needs of its residents. The city also features a network of public libraries and a vibrant array of retail and dining options that showcase local culture and cuisine.

Transportation in Chandler, AZ.

Chandler's transport infrastructure includes a network of major roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also equipped with bike lanes and trails, enhancing its bikeability. While specific ride-sharing services are operational in the area, they are part of a broader trend towards flexible transportation solutions.

Frequently Asked Questions About 498 N Arizona Ave

What is the listing price of this property?

The listing price of 498 N Arizona Ave property is $2,600,000.

What type of property is this?

The property 498 N Arizona Ave is a house located in Chandler, Arizona, 85225.

Is this property for sale now?

Active Listing: 498 N Arizona Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,856 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 9, 2017 for $704,900. (source: MLS/tax record).

Which year was this property built?

The year of construction for 498 N Arizona Ave is 1948.
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Rocket Homes›Arizona›Maricopa County›Chandler›85225›498 N Arizona Ave

This home is located at 498 N Arizona Ave in Chandler, AZ and zip code 85225. This home was built in 1948. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $2,600,000.

Over 20 listings were sold over their listed price in November 2024 in Chandler, AZ. In the same period over 127 listings were sold below the listed price and 58 listings were sold for the listed price. The number of homes for sale in Chandler, AZ decreased by 6.4% between October 2024 and November 2024. In November 2024 median list price was $534,965 and the average listing age was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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