$35,000
SOLD JAN 3, 2013

5520 W Palmaire Ave Glendale, AZ 85301

6 Beds
3 Baths
-- Sq Ft
1957 Built

Recently Sold

56% Below List Price

410 Days on Market

Highlights

  • Painted or Stained Flooring
  • Evaporated cooling system
  • Heating Available

About This Home

As of May 2025

Short Sale Opportunity in the Historic Downtown Glendale District. Bank approved at this price. Investment/Business Opportunity. This sale includes the single detached home at 5520 Palmaire and the duplex at 5518 and 5516 Palmaire.

Last Agent to Sell the Property

Dave Howe

Valley Peaks Realty License #BR634523000 Listed on: 11/07/2011

Last Buyer's Agent

Robert Schissel

Top Producers Realty License #SA642891000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,252

Year Built

  • Built in 1957

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Metal Roof
  • Block Exterior

Kitchen

  • Oven or Range

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile

Schools

  • Glendale Landmark Middle Elementary School
  • Glendale High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water

Community Details

Overview

  • $1,382 per year Dock Fee
  • 3 Units
  • Building Dimensions are 50x140

Building Details

  • Insurance Expense $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,252

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Tax Municipality: Glendale
  • Additionall Parcels: Yes
  • Appliances Included: BI Oven/Range
  • Construction Finish: Painted
  • Cross Street: 55th Av and Glendale Av
  • Floors: Carpet, Ceramic Tile
  • Legal Info Lot Number: 8
  • Legal Info Range: 2E
  • Legal Info Section: 5
  • Legal Info Township: 2N
  • Other Type: House + Rental Units
  • Roads Streets: Asphalt, Sidewalk(s)
  • Property Type: F
  • Hundred Block: 5900
  • Marketing Name: unknown
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 3.00
  • Map Code Grid: N32
  • Year Built: 1957
  • Tax Year: 2010
  • Directions: North to Palmaire; west to property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Fenced, Green Landscaping
  • Roofing: Comp Shingle, Metal
  • Construction: Block, Frame - Wood

Garage/Parking

  • Parking: 1 Space/Unit, Paved Parking
  • Total Parking Spaces: 3.00

Utilities

  • Water: City Franchise
  • Electric: APS
  • Gas: SW Gas
  • Cooling: Evaporative Cooling, Window/Wall Unit
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Glendale Landmark Middle School
  • Middle School: Glendale American School
  • High School: Glendale High School
  • Elementary School: Glendale Landmark Middle School
  • High School: Glendale High School
  • Junior High School: Glendale American School

Lot Info

  • Lot Size: 50x140

Multi Family

  • Income And Expenses Adjusted Gross Inc: 15930.00
  • Income And Expenses Annual Gas Exp: 600.00
  • Income And Expenses Annual Ins Exp: 1400.00
  • Income And Expenses Annual Landscape Exp: 1000.00
  • Income And Expenses Annual Legal And Acctg: 175.00
  • Income And Expenses Annual Maint Exp: 1000.00
  • Income And Expenses Annual Trash Exp: 520.00
  • Income And Expenses Annual Water Sewer Exp: 516.00
  • Income And Expenses Gross Annual Sch Inc: 17700.00
  • Income And Expenses Net Operating Income: 1709.00
  • Income And Expenses Operating Exp: 6592.88
  • Income And Expenses Vacancy Allowance: 0.10
  • Number Of One Bedroom Units: 1
  • Number Of Three Bedroom Units: 1
  • Number Of Two Bedroom Units: 1
  • One Bedroom Units Avg Rent: 350.00
  • One Bedroom Units Baths: 1
  • Owner Pays: Water
  • Tenant Pays: Electric, Gas
  • Three Bedroom Units Avg Rent: 575.00
  • Three Bedroom Units Baths: 1
  • Total Numberof Buildings: 2
  • Total Numberof Units: 3.00
  • Two Bedroom Units Avg Rent: 550.00
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1381.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
May 22, 2025
Sold by
Reyes Juan Antonio
Bought by
Wade Aaron
Seller's Agent
Nikki Janulewicz
Best Move Real Estate
Buyer's Agent
Marcus Marshall
Uncommon Realty International
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%
Views
26
Current Estimated Value
$423,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,023
Avg. Annual Appreciation
-32.99%
Original Mortgage
$471,306
Outstanding Balance
$470,471
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
-$46,494

Purchase Details

Listed on
Feb 24, 2023
Closed on
Feb 23, 2023
Sold by
Johnson Herbert
Bought by
Reyes Juan Antonio
Seller's Agent
Jason Hubbard
Real Broker
Buyer's Agent
Marty Recht
Second Avenue Realty
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.92%
Original Mortgage
$367,500
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2019
Sold by
Dunda Kimberly Anne
Bought by
Brosheaaz Llc

Purchase Details

Listed on
Sep 10, 2018
Closed on
Dec 20, 2018
Sold by
Arellano Real Estate Llc
Bought by
Dunda Kimberly
Seller's Agent
Carlos Arellano
Equity Realty Group, LLC
Buyer's Agent
Jeanine Armstrong
HomeSmart
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$145,000
Interest Rate
4.8%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Sep 10, 2018
Closed on
Dec 13, 2018
Sold by
Arellano Real Estate Llc
Bought by
Arellano Real Estate Llc
Seller's Agent
Carlos Arellano
Equity Realty Group, LLC
Buyer's Agent
Jeanine Armstrong
HomeSmart
List Price
$239,000
Sold Price
$220,000
Premium/Discount to List
-$19,000
-7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.8%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Feb 12, 2016
Closed on
May 4, 2016
Sold by
Cortes Sergio
Bought by
A R E Investments Llc
Seller's Agent
Jeffrey Miller
AZ Brokerage Holdings, LLC
Buyer's Agent
Carlos Arellano
Equity Realty Group, LLC
List Price
$139,900
Sold Price
$109,000
Premium/Discount to List
-$30,900
-22.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.21%
Original Mortgage
$87,200
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 7, 2011
Closed on
Dec 27, 2012
Sold by
Makdden William R and Madden George Jeffery
Bought by
Cortes Sergio
Seller's Agent
Dave Howe
Valley Peaks Realty
Buyer's Agent
Robert Schissel
Top Producers Realty
List Price
$80,000
Sold Price
$35,000
Premium/Discount to List
-$45,000
-56.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.23%

Purchase Details

Closed on
Mar 29, 2005
Sold by
Holschlag Kelly L and Holschlag Betty J
Bought by
Madden William R and Madden George Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1997
Sold by
Avila Ramon Rudolpho and Avila Simona Loraine
Bought by
Morgan Teri G and Holschlag Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.44%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $480,000 Great American Title Agency
Warranty Deed $490,000 Magnus Title
Quit Claim Deed -- None Available
Warranty Deed $220,000 First American Title Insuran
Warranty Deed -- Driggs Title Agency Inc
Warranty Deed $109,000 Precision Title Agency Inc
Cash Sale Deed $35,000 First Arizona Title Agency
Warranty Deed $150,000 Ticor Title Agency Of Az Inc
Warranty Deed $65,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $471,306 FHA
Previous Owner $367,500 New Conventional
Previous Owner $145,000 Stand Alone First
Previous Owner $120,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $21,000 Commercial
Previous Owner $97,500 Commercial
Previous Owner $87,200 Commercial
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $45,000 Seller Take Back
Closed $30,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $480,000 -4.0% --
05/05/2025 05/05/25 Price Changed $500,000 0.0% --
05/05/2025 05/05/25 For Sale $500,000 0.0% --
04/16/2025 04/16/25 Price Changed $500,000 0.0% --
04/16/2025 04/16/25 For Sale $500,000 0.0% --
03/05/2025 03/05/25 Price Changed $500,000 -9.1% --
02/04/2025 02/04/25 For Sale $550,000 +12.2% --
02/24/2023 02/24/23 Sold $490,000 -2.0% --
02/24/2023 02/24/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $500,000 +127.3% --
01/09/2019 01/09/19 Sold $220,000 -7.9% --
01/04/2019 01/04/19 Price Changed $239,000 0.0% --
12/20/2018 12/20/18 Pending -- -- --
12/11/2018 12/11/18 For Sale $239,000 0.0% --
11/29/2018 11/29/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $239,000 0.0% --
11/06/2018 11/06/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $239,000 0.0% --
10/25/2018 10/25/18 Pending -- -- --
10/23/2018 10/23/18 For Sale $239,000 0.0% --
10/15/2018 10/15/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $239,000 0.0% --
09/28/2018 09/28/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $239,000 +119.3% --
05/13/2016 05/13/16 Sold $109,000 -22.1% --
04/24/2016 04/24/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $139,900 +299.7% --
01/03/2013 01/03/13 Sold $35,000 -56.3% --
12/21/2012 12/21/12 Pending -- -- --
11/07/2011 11/07/11 For Sale $80,000 -- --
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 $1,252 $9,948 -- --
2024 $1,217 $9,474 -- --
2023 $1,217 $29,510 $5,900 $23,610
2022 $1,135 $21,180 $4,230 $16,950
2021 $1,125 $15,970 $3,190 $12,780
2020 $1,137 $13,880 $2,770 $11,110
2019 $1,125 $11,800 $2,360 $9,440
2018 $1,081 $8,620 $1,720 $6,900
2017 $1,094 $7,710 $1,540 $6,170
2016 $1,035 $8,720 $1,740 $6,980
2015 $967 $12,230 $2,440 $9,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4673057

Arizona Regional Multiple Listing Service (ARMLS)

APN: 147-25-009