NOT LISTED FOR SALE

6043 W Laurie Ln Glendale, AZ 85302

Glendale Area

Estimated Value: $1,050,000 - $1,834,000

Studio
8 Baths
1,400 Sq Ft
$913/Sq Ft Est. Value

Sale Details

Date Sold: February 29, 2024

Last sale price $2,300,000 $1,643 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $7,160 / mo

5 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available

About This Home

As of February 2024

TOTALLY UPDATED - Built in 1958, Laurie Lane Apartments is a mid-century, block
constructed apartment community. The property is comprised of two
separate four-plexes on two parcels, allowing for conventional, thirty
year fixed rate financing on each parcel. The unit mix consists of 6
one-bedroom and 2 two-bedroom units with a weighted average of
698 square feet. All units are individually metered for electricity and
have an enclosed, private outdoor space, along with a large, grassy
amenity space out front. The units have been completely gutted and
updated throughout. Every unit has new electrical, plumbing, fixtures,
cabinets and countertops, flooring, windows and doors, and more.
No surface has been left untouched. Each unit also includes its own
interior washer and dryer.. These turn-key units will allow for easy maintenance and management for a new owner.
Laurie Lane Apartments is an 8-unit apartment complex located in
the heart of Glendale, AZ. The property is located about five and
half miles (little over 10 minutes) to Westgate, home of the Arizona Cardinals and one of the most vibrant commercial centers in all of the west valley. It is also approximately 15 minutes away from Arrowhead Town Center, P83, and the Peoria Sports Complex. It is halfway between Loop 101 to the west and I-17 to the east, making this an ideal location for someone who might work in any part of the valley. It is extremely central as it pertains to entertainment, shopping, and restaurant options, and allows residents to enjoy, with ease, so much of what metropolitan Phoenix has to offer. With many dining, shopping, and entertainment options, freeway access within minutes, the Laurie Lane Apartments is an attractive investment opportunity and
extremely desirable property for residents to live.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 01/05/2024

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Ryan Gerdes

West USA Realty License #SA542372000

West USA Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,739

Year Built

  • Built in 1958

Lot Details

  • 8,843

Home Design

  • Composition Roof
  • Block Exterior

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 16 & 17
  • Assessor Parcel Number 143-14-016-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 135x147

Building Details

  • Operating Expense $2,739
  • Gross Income $148,327
  • Net Operating Income $122,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,739

Year Built

Built in 1958

Lot Details

8,843 Sq Ft Lot

Listing Details

  • Cross Street: W. Northern Ave & N. 61st Ave
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks), BI Oven/Range, Washer/Dryer, W/D Hookup
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks, Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: See Remarks, Central A/C, Individual, Ceiling Fan(s)
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks, City Franchise

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 135x147
  • Additional Parcels: Yes
  • Parcel #: 143-14-016-A

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 8
  • Annual Gross Income: 148327.3
  • Property Net Operating Income: 122192.0
  • Annual Operating Expense: 2739.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2739.0
  • Tax Book Number: 143.00
  • Tax Lot: 16 & 17

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

Listed on
Jan 5, 2024
Closed on
Feb 29, 2024
Sold by
Bought by
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Ryan Gerdes
West USA Realty
List Price
$2,400,000
Sold Price
$2,300,000
Premium/Discount to List
-$100,000
-4.17%
Views
12
Current Estimated Value
$1,278,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,021,119
Avg. Annual Appreciation
-21.54%
Original Mortgage
$690,000
Outstanding Balance
$671,537
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$607,344

Purchase Details

Closed on
Apr 7, 2022
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
$493,125
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2016
Closed on
Oct 10, 2016
Sold by
Bought by
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Sanjog Gopal
eXp Realty
List Price
$459,000
Sold Price
$400,000
Premium/Discount to List
-$59,000
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%
Original Mortgage
$240,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2012
Sold by
Bought by

Purchase Details

Closed on
May 18, 2010
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
$1,600,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2008
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
$161,625
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2008
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
$161,625
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 2006
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
$220,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2006
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
$220,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2002
Sold by
Bought by

Purchase Details

Closed on
May 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2001
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
$60,000
Interest Rate
6.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 2, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2000
Sold by
Bought by

Purchase Details

Closed on
May 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 1996
Sold by
Bought by

Purchase Details

Closed on
May 16, 1996
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 1996
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 1992
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Glendale, AZ

See All Agents

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
$1,150,000 Old Republic Title Agency
$657,500 Old Republic Title
$420,000 Security Title Agency Inc
-- Lawyers Title Of Arizona Inc
-- Lawyers Title Of Arizona Inc
$509,850 Pioneer Title Agency Inc
-- None Available
-- Accommodation
-- None Available
$215,500 Lawyers Title Insurance Corp
-- Capital Title Agency Inc
-- Chicago Title Insurance Co
$400,000 Lawyers Title Insurance Corp
$249,950 Lawyers Title Insurance Corp
-- Camelback Title Agency Llc
-- Ticor Title Agency Of Az Inc
-- Ticor Title Agency Of Az Inc
$25,000 First American Title Ins Co
-- --
-- Capital Title Agency
-- --
$270,000 Security Title Agency
$190,000 First American Title
-- Capital Title Agency
-- --
-- --
-- --
-- --
-- --
-- --
$47,000 Grand Canyon Title Agency In
-- --
-- --
-- --
-- Transamerica Title Ins Co
-- Security Title Agency
-- 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 $690,000
Previous Owner $493,125
Previous Owner $240,000
Previous Owner $1,600,000
Previous Owner $161,625
Previous Owner $220,000
Previous Owner $60,000
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 Prior Sale
02/29/2024 02/29/24 Sold $2,300,000 -4.2% $1,643 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $2,400,000 +500.0% $1,714 / Sq Ft
11/23/2016 11/23/16 Sold $400,000 -12.9% $286 / Sq Ft View Prior Sale
10/24/2016 10/24/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $459,000 -- $328 / Sq Ft
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 $1,565 $11,284
2024 $1,380 $10,747
2023 $1,380 $37,100 $7,420 $29,680
2022 $1,371 $28,380 $5,670 $22,710
2021 $1,354 $27,320 $5,460 $21,860
2020 $1,367 $23,510 $4,700 $18,810
2019 $1,352 $19,310 $3,860 $15,450
2018 $1,300 $18,610 $3,720 $14,890
2017 $1,314 $17,350 $3,470 $13,880
2016 $1,239 $15,670 $3,130 $12,540
2015 $1,149 $12,550 $2,510 $10,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6646533

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-14-016A

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