NOT LISTED FOR SALE

6251 N 48th Ave Glendale, AZ 85301

Estimated Value: $478,000 - $752,000

-- Bed
-- Bath
3,477 Sq Ft
$176/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $324,000 $93 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,408/month

98 Days on Market

About This Home

As of April 2019

INVESTOR SPECIAL!!! TURN-KEY INVESTMENT! CASHFLOW DAY 1! 100% OCCUPIED! 6% cap rate. Great single level 4-plex on corner lot. All units have 2 oversized bedrooms, large living room and dining room. Tile in all units. Upgraded fixtures and, ceilings fans Upgraded bathrooms with tile tubs & vanity. Upgraded kitchen counters and cabinets in most of the units.. Easy maintenance building and landscape. Close to schools, shopping, restaurants and highway access. Great Glendale location. All Facts and Figures approximate including MLS info.

Last Agent to Sell the Property

Jason Harrell

AZ Pro Realty License #BR624174000 Listed on: 11/21/2018

Last Buyer's Agent

Linda Matejko

Arizona Elite Properties License #BR640814000

Arizona Elite Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1960

Lot Details

  • 0.26

Home Design

  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Glenn F Burton Elementary And Middle School
  • Apollo High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 146-24-051

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11310 SQFT
  • Sage Acres Subdivision

Building Details

  • Operating Expense $8,041
  • Gross Income $289,200
  • Net Operating Income $20,159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,530

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Bethany Home & 47TH AVE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2018
  • Directions: West on Bethany Home to 47th Ave. North on 47th Avenue to Rose Lane. West on Rose Lane to corner complex on left.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: SAGE ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Glenn F Burton School
  • High School: Apollo High School
  • Middle Or Junior School: Glenn F Burton School

Lot Info

  • Lot Size: 11310 SQFT
  • Additional Parcels: No
  • Parcel #: 146-24-051

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 289200.0
  • Insurance Expense: 1711.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 20159.0
  • Annual Operating Expense: 8041.0

Tax Info

  • Tax Annual Amount: 1530.0
  • Tax Book Number: 146.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Mar 22, 2019
Sold by
Woodland William O and Woodland Linette B
Bought by
Woodland William O and Woodland Linette B
Seller's Agent
Jason Harrell
AZ Pro Realty
Buyer's Agent
Linda Matejko
Arizona Elite Properties
List Price
$329,900
Sold Price
$324,000
Premium/Discount to List
-$5,900
-1.79%
Current Estimated Value
$611,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,857
Avg. Annual Appreciation
10.26%
Original Mortgage
$243,000
Outstanding Balance
$213,203
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$398,654

Purchase Details

Closed on
Jan 23, 2015
Sold by
Ferrara William Anthony
Bought by
Accessible Housing Of Arizona Llc

Purchase Details

Listed on
Aug 3, 2014
Closed on
Oct 6, 2014
Sold by
Ismailyan Vram
Bought by
Ferrara William Anthony
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$174,900
Sold Price
$166,000
Premium/Discount to List
-$8,900
-5.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$123,375
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2014
Closed on
Oct 3, 2014
Sold by
Ferrara Betina R
Bought by
Ferrara William Anthony
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Marla Wicks
Better Homes & Gardens Real Estate SJ Fowler
List Price
$174,900
Sold Price
$166,000
Premium/Discount to List
-$8,900
-5.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,375
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2013
Sold by
Donaldson Robert Walter
Bought by
Ismailyan Vram

Purchase Details

Closed on
Nov 10, 2006
Sold by
Donaldson Robert Walter
Bought by
Donaldson Robert Walter and Curtis Robin Sue

Purchase Details

Closed on
Nov 19, 2003
Sold by
Donaldson Les and Donaldson Pat
Bought by
Donaldson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 1999
Sold by
Freund John R and Freund Sherry R
Bought by
Donaldson Les and Donaldson Pat

Purchase Details

Closed on
Aug 18, 1998
Sold by
Allied Investment Managers Inc
Bought by
Freund John R and Freund Sherry R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 1996
Sold by
Knight Investment Group Inc
Bought by
Allied Investment Managers Inc

Purchase Details

Closed on
Jul 12, 1996
Sold by
Rosenthal J Scott
Bought by
Knight Investment Group Inc

Purchase Details

Closed on
Feb 13, 1996
Sold by
Mars Brennan
Bought by
Mars John Peter

Purchase Details

Closed on
Sep 19, 1995
Sold by
Davila Antonio F and Davila Mary L
Bought by
Knight Investment Group Inc
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
Woodland William O -- Accommodation
Woodland William O $324,000 Greystone Title Agency Llc
Accessible Housing Of Arizona Llc -- None Available
Ferrara William Anthony $164,500 Chicago Title Agency Inc
Ferrara William Anthony -- Chicago Title Agency Inc
Ismailyan Vram $96,000 None Available
Donaldson Robert Walter -- None Available
Donaldson Robert -- Century Title Agency Inc
Donaldson Les $636,000 Security Title Agency
Freund John R $105,000 Security Title Agency
Allied Investment Managers Inc $543,000 United Title Agency
Knight Investment Group Inc $597,000 --
Knight Investment Group Inc $398,000 United Title Agency
Mars John Peter -- United Title Agency
Mars John Peter $99,500 United Title Agency
Knight Investment Group Inc $866,300 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodland William O $243,000
Previous Owner Ferrara William Anthony $123,375
Previous Owner Ferrara William Anthony $123,375
Previous Owner Donaldson Robert $110,000
Previous Owner Freund John R $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2019 04/02/19 Sold $324,000 -1.8% $93 / Sq Ft
11/20/2018 11/20/18 For Sale $329,900 +98.7% $95 / Sq Ft
09/30/2014 09/30/14 Sold $166,000 -5.1% $48 / Sq Ft View Prior Sale
09/08/2014 09/08/14 Pending -- -- --
08/02/2014 08/02/14 For Sale $174,900 -- $50 / 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 $1,816 $13,602 -- --
2024 $1,664 $12,954 -- --
2023 $1,664 $47,520 $9,410 $38,110
2022 $1,653 $41,470 $8,210 $33,260
2021 $1,632 $33,130 $6,560 $26,570
2020 $1,648 $24,960 $4,940 $20,020
2019 $1,629 $21,280 $4,210 $17,070
2018 $1,568 $16,050 $3,180 $12,870
2017 $1,584 $17,410 $3,450 $13,960
2016 $1,493 $11,670 $2,310 $9,360
2015 $1,386 $9,820 $1,940 $7,880
Source: Public Records

Agents Affiliated with this Home

  • Jason Harrell

    Seller's Agent in 2019

    Jason Harrell

    AZ Pro Realty

    (480) 518-4282

    4 Total Sales

    Jason Harrell
    Section Image
  • Linda Matejko

    Buyer's Agent in 2019

    Linda Matejko

    Arizona Elite Properties

    (480) 202-2649

    1 in this area

    9 Total Sales

    Linda Matejko
    Section Image
  • Tim Hadrich

    Seller's Agent in 2014

    Tim Hadrich

    Regent Goldstar Real Estate

    (480) 255-0898

    3 in this area

    33 Total Sales

    Tim Hadrich
    Section Image

  • M

    Buyer's Agent in 2014

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5849447

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-24-051

Arizona Maricopa County Glendale 85301

6251 N 48th Ave, Glendale, AZ

This home is located at 6251 N 48th Ave, Glendale, AZ 85301 since 21 November 2018 and is currently estimated at $611,857, approximately $175 per square foot. This property was built in 1960. 6251 N 48th Ave is a home located in Maricopa County with nearby schools including Glenn F Burton School, Apollo High School, and St. Louis the King 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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