$750,000
2821 E Iris Drive
Chandler, AZ 85286
MLS# 6370559
Status: Closed
4 beds  |  2.5 baths


2821 E Iris Drive, Chandler, AZ 85286
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Property Description
Hands off investment property offering a 6% CAP rate. Property is currently being used as an elderly care home by Seller and will continue past closing. Seller will lease back home for a minimum of one year at $4,000 monthly. Property could continue as a care facility as the zoning will stay with the property. Split floor plan, positioned on a corner lot and adjacent to the community wash this home is a gem. Continue as an investment or make an ideal family home.

Details
Contract Information
Status Change Date: 2022-04-12
List Price: $750,000
Status: Closed
Current Price: $750,000
List Date: 2022-03-18
Type: ER
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: U39
House Number: 2821
Compass: E
Street Name: Iris
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85286
Zip4: 5007
Country: USA
County Code: Maricopa
Assessor's Map #: 49
Assessor's Parcel #: 841
Assessor Number: 303-49-841
Subdivision: Artesian Ranch
Tax Municipality: Chandler
Taxes: 3047
Tax Year: 2021
General Property Description
Dwelling Type: Single Family - Detached
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
# Bathrooms: 2.5
Approx SQFT: 2596
Price/SqFt: 288.9
Horses: N
Model: Parker 5031
Builder Name: Maracay Homes
Year Built: 2013
Approx Lot SqFt: 8114
Approx Lot Acres: 0.186
Pool: None
Elementary School: Haley Elementary
Jr. High School: San Tan Elementary
High School: Perry High School
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Remarks & Misc
Cross Street: Ocotillo & Gilbert
Directions: North on Gilbert, left on Iris Dr, property is last house on the left before street bends
Geo Lat: 33.251224
Geo Lon: -111.792399
Status Change Info
Off Market Date: 2022-03-27
Under Contract Date: 2022-03-27
Close of Escrow Date: 2022-04-11
Sold Price: 750000
Legal Info
Township: 2S
Range: 5E
Section: 13
Lot Number: 172
Association & Fees
HOA Y/N: Y
HOA Transfer Fee: 165
HOA Fee: 180
HOA Paid Frequency: Quarterly
HOA Name: Artesian Ranch Comm.
HOA Telephone: 602-906-4912
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2 $/%: $
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 60
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: Y
Parking Spaces
Garage Spaces: 3
Slab Parking Spaces: 2
Total Covered Spaces: 3
Cooling
HVAC SEER Rating: 14
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Santa Barbara/Tuscan
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Sinks; Private Toilet Room
Master Bedroom: Split
Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace: No Fireplace
Flooring: Carpet; Tile; Wood
Windows: Dual Pane; ENERGY STAR Qualified Windows; Low-E; Vinyl Frame
Pool Features: No Pool
Spa: None
Community Features: Biking/Walking Path; Children's Playgrnd
Dining Area: Formal; Eat-in Kitchen; Breakfast Bar
Kitchen Features: Cook Top Gas; Gas Stub for Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Wall Oven(s); Multiple Ovens; Pantry; Walk-in Pantry; Granite Countertops; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Great Room
Features: 9+ Flat Ceilings; No Interior Steps; Soft Water Loop
Accessibility Feat.: Hallways 36in+ Wide
Technology: 3+ Exist Tele Lines; Cable TV Avail; Ntwrk Wrng Multi Rms
Exterior Features: Covered Patio(s); Patio
Parking Features: Dir Entry frm Garage; Electric Door Opener; Extnded Lngth Garage; Side Vehicle Entry
Construction: Frame - Wood; Blown Cellulose
Const - Finish: Painted; Stucco; Low VOC Paint
Roofing: Tile
Cooling: Refrigeration; Ceiling Fan(s); Programmable Thmstat
Heating: Natural Gas
Plumbing: Engy Star Ht Wtr Htr; Gas Hot Water Heater; WaterSense Faucet(s)
Energy/Green Feature: Multi-Zones
Utilities: SRP; SW Gas
Water: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: Corner Lot; North/South Exposure
Landscaping: Desert Front; Grass Back; Yrd Wtring Sys Front; Auto Timer H2O Front; Irrigation Back
Showing Notification Methods: Text
Lockbox Type: None
Possession: Subject To Tenant Rights
Unit Style: All on One Level
Association Fee Incl: Common Area Maint
Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Prof Managed
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional
Disclosures: None

Listing Office: My Home Group Real Estate

Last Updated: May - 11 - 2023

2821 E Iris Drive, Chandler, AZ 85286 - MLS# 6370559

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