NOT LISTED FOR SALE

3126 N 68th St Scottsdale, AZ 85251

South Scottsdale Neighborhood

Estimated Value: $950,507 - $1,245,000

-- Bed
4 Baths
1,460 Sq Ft
$736/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $950,000 $651 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,916/month

102 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Tavan Elementary School Rated A

About This Home

As of November 2023

Remarkable investment opportunity in Scottsdale's most sought-after multifamily community! This versatile fourplex property features 2 bed 1 bath(2 Units), 1 bed, 1 office/den, 1 bath(1 Unit), and 1 bed 1 bath(1 Unit). This income producing property can be utilized as LTR or STR. Located a few blocks away from Old Town Scottsdale, Scottsdale Fashion Square, Scottsdale Stadium home of the SF Giants Spring Training, and HonorHealth Scottsdale Osborn Medical Center (Travel Nurses). Tenants & guests can also enjoy the neighborhood outdoor activities of Paiute Park. The potential for steady rental income, this opportunity is a savvy investor's dream.

Last Agent to Sell the Property

Ben Arredondo

My Home Group Real Estate License #SA556873000 Listed on: 05/25/2023

My Home Group Real Estate

Co-Listed By

James Roberts

My Home Group Real Estate License #SA639379000

Last Buyer's Agent

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,189

Year Built

  • Built in 1958

Lot Details

  • 9,191

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 130-47-048

Community Details

Overview

  • 4 Units
  • Building Dimensions are 108' x 85'
  • Holiday Park 2 Subdivision

Building Details

  • Operating Expense $1,189
  • Gross Income $8,000
  • Net Operating Income $8,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,189

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd & N 68th St
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2022
  • Directions: Head north on N 68th St. Property will be on the left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: HOLIDAY PARK 2
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Other
  • High School: Other
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 108' x 85'
  • Additional Parcels: No
  • Parcel #: 130-47-048

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 8000.0
  • Property Net Operating Income: 8250.0
  • Annual Operating Expense: 1189.0

Tax Info

  • Tax Annual Amount: 1189.0
  • Tax Book Number: 130.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Nov 3, 2023
Sold by
Switzer Ralph Vincent
Bought by
Ahmad Arsanjani Revocable Living Trust and Arsanjani
Seller's Agent
Ben Arredondo
My Home Group Real Estate
Buyer's Agent
Samir Sawhney
XCD Realty & Property Mgmt
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Views
21
Current Estimated Value
$1,074,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,627
Avg. Annual Appreciation
3.76%
Original Mortgage
$570,000
Outstanding Balance
$561,972
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$455,612

Purchase Details

Closed on
Feb 2, 2018
Sold by
Moose Tracks Ii Llc
Bought by
Switzer Ralph Vincent

Purchase Details

Closed on
Apr 25, 2011
Sold by
North Christopher J
Bought by
Moose Tracks Ii Llc

Purchase Details

Closed on
Feb 1, 2011
Sold by
North Julianne
Bought by
North Christopher J

Purchase Details

Closed on
Sep 12, 2010
Sold by
Evans William D
Bought by
Snave Development Llc

Purchase Details

Closed on
Apr 19, 2010
Sold by
Evans Karen M
Bought by
Evans William D

Purchase Details

Closed on
May 20, 2004
Sold by
Newsome Keith A and Newsome Cynthia
Bought by
Fairfax Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2002
Sold by
Hinton Thomas M and Hinton Pamela L
Bought by
Newsome Keith A and Newsome Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2001
Sold by
Gordic Ljubo and Gordic Snezana
Bought by
Hinton Thomas M and Hinton Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,100
Interest Rate
7.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 1998
Sold by
Zbeda Amir
Bought by
Gordic Lubo and Gordic Snezana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 1996
Sold by
Gilk Leor
Bought by
Zbeda Amir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8.11%

Purchase Details

Closed on
Oct 29, 1996
Sold by
Hilton Financial Corp
Bought by
Hilton Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8.11%

Purchase Details

Closed on
May 1, 1996
Sold by
Tate William A
Bought by
Hilton Financial Corp
Source: Public Records

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
Ahmad Arsanjani Revocable Living Trust $950,000 Arizona Title
Switzer Ralph Vincent $412,000 Fidelity National Title Agen
Moose Tracks Ii Llc -- None Available
North Christopher J -- Security Title Agency
North Christopher J $190,000 Security Title Agency
Snave Development Llc -- None Available
Evans William D -- North American Title Company
Evans William D $55,000 North American Title Company
Fairfax Eric $260,000 Tsa Title Agency
Newsome Keith A $240,000 Security Title Agency
Hinton Thomas M $229,000 First American Title
Gordic Lubo $119,000 First American Title
Zbeda Amir -- Capital Title Agency
Zbeda Amir $100,000 Capital Title Agency
Hilton Rental Properties Llc -- Security Title Agency
Hilton Financial Corp $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmad Arsanjani Revocable Living Trust $570,000
Closed Ahmad D Arsanjani Revocable Li $570,000
Previous Owner Fairfax Eric $252,000
Previous Owner Fairfax Eric $208,000
Previous Owner Newsome Keith A $216,000
Previous Owner Hinton Thomas M $206,100
Previous Owner Gordic Lubo $89,250
Previous Owner Hilton Rental Properties Llc $82,500
Closed Fairfax Eric $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $950,000 0.0% $651 / Sq Ft
08/21/2023 08/21/23 Price Changed $950,000 -13.6% $651 / Sq Ft
05/25/2023 05/25/23 For Sale $1,100,000 -- $753 / 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 $1,271 $18,305 -- --
2024 $1,260 $17,433 -- --
2023 $1,260 $67,410 $13,480 $53,930
2022 $1,189 $47,400 $9,480 $37,920
2021 $1,265 $39,650 $7,930 $31,720
2020 $1,254 $33,860 $6,770 $27,090
2019 $1,220 $27,000 $5,400 $21,600
2018 $1,177 $24,510 $4,900 $19,610
2017 $1,130 $22,950 $4,590 $18,360
2016 $1,105 $20,770 $4,150 $16,620
2015 $1,056 $18,170 $3,630 $14,540
Source: Public Records

Agents Affiliated with this Home

  • Ben Arredondo

    Seller's Agent in 2023

    Ben Arredondo

    My Home Group Real Estate

    (480) 206-7077

    6 in this area

    496 Total Sales

    Ben Arredondo
    Section Image
  • James Roberts

    Seller Co-Listing Agent in 2023

    James Roberts

    My Home Group

    (480) 227-4141

    3 in this area

    16 Total Sales

    James Roberts
    Section Image
  • Samir Sawhney

    Buyer's Agent in 2023

    Samir Sawhney

    XCD Realty & Property Mgmt

    (860) 559-0559

    11 in this area

    274 Total Sales

    Samir Sawhney
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6561008

Arizona Regional Multiple Listing Service (ARMLS)

APN: 130-47-048

Arizona Maricopa County Scottsdale 85251 South Scottsdale

3126 N 68th St, Scottsdale, AZ

This home is located at 3126 N 68th St, Scottsdale, AZ 85251 since 25 May 2023 and is currently estimated at $1,074,627, approximately $736 per square foot. This property was built in 1958. 3126 N 68th St is a home located in Maricopa County with nearby schools including Tavan Elementary School, Ingleside Middle School, and Arcadia 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

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