NOT LISTED FOR SALE

5409 W Glendale Ave Glen Dale, AZ 85301

Estimated Value: $647,370

-- Bed
-- Bath
3,700 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $625,000 $169 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,682/month

8 Days on Market

About This Home

As of November 2022

5409 W Glendale Avenue is a fantastic opportunity to own a high-performing unanchored multi-tenant retail center in the growing Downtown Glendale Submarket. With four retail suites and a diverse tenant mix, the strip center has two tenants with strong longer terms leases expiring in 2025 and 2026. Additionally, two suites will expire in March of 2023, giving the property rental income upside. The strip center fronts the heavily trafficked Glendale Rd and has proximity to Murphy Park and Grand Avenue.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 10/13/2022

Co-Listed By

Reuben Nach

R.O.I. Properties License #SA687040000

Last Buyer's Agent

Chris Durham

RE/MAX Excalibur License #BR517577000

RE/MAX Excalibur

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,225

Year Built

  • Built in 1959

Lot Details

  • 6,160 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • 3,700 Sq Ft Home

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 1/2/-
  • Assessor Parcel Number 146-05-033-A

Community Details

Overview

  • Sugar Add Blks 1 6, 13, 14 Subdivision

Building Details

  • Operating Expense $3,225
  • Net Operating Income $49,882

Property Details

Property Type

Other

Est. Annual Taxes

$3,225

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 54th Ave & Glendale Ave
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2021
  • Lot Size Acres: 0.14
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: SUGAR ADD BLKS 1-6, 13, 14
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 3700.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Green Building Features: Other (See Remarks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Other (See Remarks)32: Yes

Lot Info

  • Lot Size Sq Ft: 6160.0
  • Parcel #: 146-05-033-A

Multi Family

  • Property Net Operating Income: 49882.36
  • Annual Operating Expense: 3225.0

Tax Info

  • Tax Annual Amount: 3225.0
  • Tax Book Number: 146.00
  • Tax Lot: 1/2/-
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Nov 14, 2022
Sold by
Av Capital Llc
Bought by
Kinney William B and Chen Lily L
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Chris Durham
RE/MAX Excalibur
List Price
$685,000
Sold Price
$625,000
Premium/Discount to List
-$60,000
-8.76%
Current Estimated Value
$647,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,370
Avg. Annual Appreciation
1.16%

Purchase Details

Closed on
May 27, 2020
Sold by
Truong Oanh
Bought by
Av Capitla Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 9, 2017
Closed on
May 10, 2017
Sold by
I & M Brothers Llc
Bought by
Truong Oanh
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Chuong Tran
US Delta Realty
List Price
$495,000
Sold Price
$445,000
Premium/Discount to List
-$50,000
-10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%

Purchase Details

Closed on
Aug 26, 2002
Sold by
Zimmerman Sylvia
Bought by
I & M Brothers Llc

Purchase Details

Closed on
May 25, 1994
Sold by
Zimmerman Sylvia
Bought by
City Of Glendale
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kinney William B $625,000 Fidelity National Title
Av Capitla Llc -- Commonwealth Land Ttl Ins Co
Truong Oanh -- Chicago Title Agency Inc
Troung Oanh $445,000 Chicago Title Company Inc
I & M Brothers Llc $120,000 Fidelity National Title
City Of Glendale -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Av Capitla Llc $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2022 11/14/22 Sold $625,000 -8.8% $169 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $685,000 +53.9% $185 / Sq Ft
05/30/2017 05/30/17 Sold $445,000 -10.1% $127 / Sq Ft View Prior Sale
04/28/2017 04/28/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $495,000 -- $141 / 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 $3,314 $23,890 -- --
2024 $3,105 $23,463 -- --
2023 $3,105 $40,545 $14,433 $26,112
2022 $3,175 $32,235 $8,190 $24,045
2021 $3,225 $32,346 $7,722 $24,624
2020 $3,255 $33,102 $8,730 $24,372
2019 $3,219 $30,852 $7,146 $23,706
2018 $3,098 $28,944 $5,958 $22,986
2017 $3,130 $23,940 $5,778 $18,162
2016 $2,951 $21,582 $5,040 $16,542
2015 $2,814 $18,020 $5,495 $12,525
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Reuben Nach

    Seller Co-Listing Agent in 2022

    Reuben Nach

    R.O.I. Properties

    (602) 319-1326

    4 in this area

    49 Total Sales

    Reuben Nach
    Section Image
  • Chris Durham

    Buyer's Agent in 2022

    Chris Durham

    RE/MAX

    (602) 663-4743

    2 in this area

    25 Total Sales

    Chris Durham
    Section Image

  • L

    Seller's Agent in 2017

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Chuong Tran

    Buyer's Agent in 2017

    Chuong Tran

    US Delta Realty

    (480) 336-8752

    2 in this area

    40 Total Sales

    Chuong Tran
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6476939

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-05-033A

Arizona Maricopa County Glendale 85301

5409 W Glendale Ave, Glendale, AZ

Not Listed for Sale

Other

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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