NOT LISTED FOR SALE

5915 W Palmaire Ave Glendale, AZ 85301

Estimated Value: $273,637 - $337,000

-- Bed
5 Baths
1,949 Sq Ft
$156/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $224,900 $115 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,675/month

106 Days on Market

Highlights

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of December 2019

Located directly across the street from Historic Downtown Glendale with shops, restaurants, and transportation. These units have capital improvements that include new roofs, fresh paint, new dual pane, energy efficient windows, new HVAC, and heat pumps. This property consists of a front duplex, and small 2 bedroom house with a carport in the rear. Rents currently total $2,275 per month. Unit 1 is a 2 bedroom on a month to month lease at $900, and Unit 2 is a 1 bedroom on a 1 year lease at $850. Unit 3 is a 2 bedroom home that is on a month to month lease at $525. There is still room for a value add as well by renovating Unit 3, increasing rents, and/or sub-metering the electric. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Keith Grayson

Grayson Real Estate License #BR636932000 Listed on: 07/31/2019

Last Buyer's Agent

Mounty West

RE/MAX Professionals License #BR007047000

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $633

Year Built

  • Built in 1935

Lot Details

  • 7,057

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Glendale Landmark Middle School
  • Glendale High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 5
  • Assessor Parcel Number 143-44-064

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 90 x 170

Building Details

  • Operating Expense $7,333
  • Gross Income $27,300
  • Net Operating Income $19,967

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$633

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: 59th Avenue and Glendale
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 2
  • Year Built: 1935
  • Tax Year: 2018
  • Directions: From I-101 and Glendale Avenue, East on Glendale, North on 59th Avenue, West on Palmaire to property.
  • Road Surface Type: Asphalt
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: 2 or More Units, Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Fuel Expense: 900.0
  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1000.0

Schools

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

Lot Info

  • Lot Size: 90 x 170
  • Additional Parcels: Yes
  • Parcel #: 143-44-064

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 4000.0
  • Annual Gross Income: 27300.0
  • Insurance Expense: 400.0
  • Property Net Operating Income: 19967.0
  • Annual Operating Expense: 7333.0

Tax Info

  • Tax Annual Amount: 633.0
  • Tax Book Number: 143.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2019
Closed on
Feb 3, 2020
Sold by
Padelford Brian
Bought by
Palm 59 Llc
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mounty West
RE/MAX Professionals
List Price
$224,900
Sold Price
$224,900
Current Estimated Value
$304,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,259
Avg. Annual Appreciation
5.30%
Original Mortgage
$168,675
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2019
Closed on
Dec 6, 2019
Sold by
Padelford Karen
Bought by
Padelford Brian
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mounty West
RE/MAX Professionals
List Price
$224,900
Sold Price
$224,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,675
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2019
Closed on
Dec 5, 2019
Sold by
Eco Properties Llc
Bought by
Padelford Brian
Seller's Agent
Keith Grayson
Grayson Real Estate
Buyer's Agent
Mounty West
RE/MAX Professionals
List Price
$224,900
Sold Price
$224,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,675
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2019
Sold by
Cookson Edward J and Cookson Kathryn
Bought by
Eco 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
$400,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Palm 59 Llc -- None Available
Padelford Brian -- Fidelity Natl Ttl Agcy Inc
Padelford Brian $224,900 Fidelity Natl Ttl Agcy Inc
Eco Properties Llc $280,000 Fidelity Natl Ttl Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padelford Brian $168,675
Previous Owner Eco Properties Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2019 12/12/19 Sold $224,900 0.0% $115 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
11/05/2019 11/05/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $224,900 0.0% $115 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $224,900 0.0% $115 / Sq Ft
09/15/2019 09/15/19 Pending -- -- --
08/22/2019 08/22/19 Price Changed $224,900 +4.7% $115 / Sq Ft
08/15/2019 08/15/19 Price Changed $214,900 -4.1% $110 / Sq Ft
07/31/2019 07/31/19 For Sale $224,000 -- $115 / 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 $733 $5,494 -- --
2024 $672 $5,232 -- --
2023 $672 $19,110 $3,820 $15,290
2022 $668 $14,880 $2,970 $11,910
2021 $659 $10,630 $2,120 $8,510
2020 $665 $9,370 $1,870 $7,500
2019 $658 $7,180 $1,430 $5,750
2018 $633 $7,360 $1,470 $5,890
2017 $640 $6,380 $1,270 $5,110
2016 $603 $5,050 $1,010 $4,040
2015 $560 $5,320 $1,060 $4,260
Source: Public Records

Agents Affiliated with this Home

  • Keith Grayson

    Seller's Agent in 2019

    Keith Grayson

    Grayson Real Estate

    (602) 418-0350

    37 Total Sales

    Keith Grayson
    Section Image
  • Mounty West

    Buyer's Agent in 2019

    Mounty West

    RE/MAX

    (602) 359-7383

    12 in this area

    140 Total Sales

    Mounty West
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5958852

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-44-064

Arizona Maricopa County Glendale 85301

5915 W Palmaire Ave, Glendale, AZ

This home is located at 5915 W Palmaire Ave, Glendale, AZ 85301 since 31 July 2019 and is currently estimated at $304,159, approximately $156 per square foot. This property was built in 1935. 5915 W Palmaire Ave is a home located in Maricopa County with nearby schools including Glendale Landmark Middle School, Glendale High School, and Grace Lutheran 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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