NOT LISTED FOR SALE
26 Beds
-- Bath
-- Sq Ft
1956 Built

Sale Details

Date Sold: June 2, 2016

Last sale price $600,000

47 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Washington High School Rated 9+

About This Home

As of June 2016

The Glenhaven Apartments is an 18 unit complex with a fantastic unit mix which is comprised of 3-3/1's, 6-2/1's, 5-1/1's and 4 studio's.
The property location and zoning MAKE THE VALUE of the LAND for REDEVELOPMENT EQUALLY if not more VALUABLE than the current use. Run the apartments now for the EXCELLENT CASH FLOW while seeking your REDEVELOPMENT ENTITLEMENTS** Plenty of parking and an onsite laundry facility. *Many of the units have PRIVATE YARDS for tenant enjoyment.**
The complex is located near the NEW Valley Metro’s Light Rail extension will have a Light Rail Station WITHIN SIGHT but yet away from the commotion generated by it. Station will just S. of Glendale Ave on 19th Avenue The property is located just East of 19th Avenue and West of 15th Ave on the North side of Glendale Avenue. There is a mid-rise office building adjacent to the subject property thereby making a multi-story redevelopment project fit better into the neighborhood.

This location is just blocks east of the I-17 and just 10 blocks away to the West of the 7th Ave high volume thoroughfare making an easy commute to downtown. The freeway along with the light rail system make all valley entertainment and employment venues not far away..

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 02/10/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lois Kaipainen

Income Property Shop License #SA567276000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,179

Year Built

  • Built in 1956

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 17 Open Parking Spaces
  • 18 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Master Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Assessor Parcel Number 157-16-001

Community Details

Overview

  • 4 Buildings
  • 18 Units
  • Building Dimensions are irr
  • Glenhaven Apts 18U Subdivision

Building Details

  • Gross Income $113,670
  • Net Operating Income $48,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,179

Year Built

Built in 1956

Listing Details

  • Cross Street: Glendale/19th Ave
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7823.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Glenhaven Apts 18u
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 17.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 17.0
  • General Property Description:Total Parking Spcs: 18.0

Utilities

  • Electric: APS, Master Meter, Individual Meter
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Electric Master Meter: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 5868.0
  • Annual Water Sewer Expense: 11760.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 157-16-001

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 18
  • Electric Expense: 16800.0
  • Annual Gross Income: 113670.0
  • Insurance Expense: 6300.0
  • Maintenance Expense: 6700.0
  • Property Net Operating Income: 48620.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 6179.0
  • Tax Book Number: 157.00
  • Tax Lot: 0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
0.0664%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
0.028%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 26, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.039%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Feb 10, 2016
Closed on
May 31, 2016
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$669,000
Sold Price
$600,000
Premium/Discount to List
-$69,000
-10.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,000
Interest Rate
0.0395%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 10, 2016
Closed on
May 23, 2016
Sold by
Bought by
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Lois Kaipainen
Income Property Shop
List Price
$669,000
Sold Price
$600,000
Premium/Discount to List
-$69,000
-10.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,000
Interest Rate
0.0395%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.0674%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
0.058%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,300,000 First American Title Insurance
$2,500,000 American Title Company
-- Fidelity National Title Agen
-- Chicago Title Agency
$600,000 Chicago Title Agency Inc
-- None Available
$1,250,000 Security Title Agency Inc
$640,000 Capital Title Agency Inc
-- Capital Title Agency Inc
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,625,000
Previous Owner $1,625,000
Previous Owner $1,200,000
Previous Owner $443,000
Previous Owner $850,000
Previous Owner $540,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/02/2016 06/02/16 Sold $600,000 -10.3% --
03/28/2016 03/28/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $669,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,913 $62,273
2024 $7,478 $59,307
2023 $7,478 $204,160 $40,830 $163,330
2022 $7,234 $121,410 $24,280 $97,130
2021 $7,327 $112,170 $22,430 $89,740
2020 $7,144 $115,620 $23,120 $92,500
2019 $7,014 $93,000 $18,600 $74,400
2018 $6,830 $92,170 $18,430 $73,740
2017 $6,796 $55,000 $11,000 $44,000
2016 $6,672 $47,750 $9,550 $38,200
2015 $6,179 $38,230 $7,640 $30,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5399189

Arizona Regional Multiple Listing Service (ARMLS)
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