NOT LISTED FOR SALE

Estimated Value: $488,143 - $651,000

-- Bed
-- Bath
2,450 Sq Ft
$233/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $435,000 $178 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,322/month

11 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of July 2021

Fabulous Triplex close to the Heart of Glendale, and Old Town Glendale. Fully Rented many recent improvements such as: New Roof, 2 new HVAC systems, Unit A updated (2018), Additional blown in insulation, Smart Keys (2019), Unit C updated (2020), 20K worth of Electrical improvement/update (2021) Current rents range from $850 - $1170. All units individually metered. Tile throughout in units B and C. Nice property with a better than average cap rate. Drive By Only. Tenants unaware of sale. DO NOT DISTURB TENANTS. DO NOT WALK THE PROPERTY

Last Listed By

Joey Hallatt

Cambridge Properties License #BR518174000 Listed on: 06/25/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,405

Year Built

  • Built in 1984

Lot Details

  • 8,538

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Isaac E IMES Elementary And Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 4 / 19
  • Assessor Parcel Number 146-02-161

Community Details

Overview

  • 3 Units
  • Building Dimensions are 50.19 x 170.34 (8526)
  • Park Addn Blks 26 28, 7 15 Subdivision

Building Details

  • Operating Expense $7,227
  • Gross Income $35,040
  • Net Operating Income $27,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,405

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 51st Ave. and Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Directions: West on Glendale to 55th Ave. South on 55th past Lamar to property. (DRIVE BY ONLY)
  • Road Surface Type: Asphalt
  • Subdivision Name: PARK ADDN BLKS 26-28, 7-15
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Trash Expense: 854.0
  • Annual Water Sewer Expense: 1708.0

Schools

  • Elementary School: Isaac E Imes School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Isaac E Imes School

Lot Info

  • Lot Size: 50.19 x 170.34 (8526)
  • Additional Parcels: No
  • Parcel #: 146-02-161

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Electric Expense: 1950.0
  • Annual Gross Income: 35040.0
  • Insurance Expense: 950.0
  • Property Net Operating Income: 27813.0
  • Annual Operating Expense: 7227.0

Tax Info

  • Tax Annual Amount: 1405.0
  • Tax Block: 19
  • Tax Book Number: 146.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 28, 2021
Sold by
Yang Steve
Bought by
Jireh 55Th Avenue Llc
Seller's Agent
Joey Hallatt
Cambridge Properties
Buyer's Agent
Polly Blackwell
Coldwell Banker Realty
List Price
$424,500
Sold Price
$435,000
Premium/Discount to List
$10,500
2.47%
Total Days on Market
11
Current Estimated Value
$570,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,286
Avg. Annual Appreciation
7.35%
Original Mortgage
$326,250
Outstanding Balance
$298,702
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$271,584

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 22, 2021
Sold by
Kelly Anthony R
Bought by
Yeng Steve
Seller's Agent
Joey Hallatt
Cambridge Properties
Buyer's Agent
Polly Blackwell
Coldwell Banker Realty
List Price
$424,500
Sold Price
$435,000
Premium/Discount to List
$10,500
2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$298,702
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$271,584

Purchase Details

Listed on
Mar 17, 2018
Closed on
Apr 27, 2018
Sold by
Ambuehl Robert and Ambuehl Thomas
Bought by
Kelly Anthony R
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Joey Hallatt
Cambridge Properties
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.93%
Original Mortgage
$162,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2013
Closed on
Mar 7, 2013
Sold by
Mojaq Properties Llc
Bought by
Ambuehl Robert and Ambuehl Thomas
Seller's Agent
Frances Contreras
HomeSmart
Buyer's Agent
John Evans
My Home Group Real Estate
List Price
$180,000
Sold Price
$167,000
Premium/Discount to List
-$13,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$125,250
Interest Rate
3.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 16, 2010
Sold by
Smith Mark
Bought by
Mojaq Properties Llc

Purchase Details

Closed on
Oct 26, 2009
Sold by
Us Bank National Association
Bought by
Smith Mark

Purchase Details

Closed on
Jul 22, 2009
Sold by
Reyes Enrique and Reyes Margarita F
Bought by
U S Bank National Association

Purchase Details

Closed on
May 21, 2003
Sold by
Sunday Robert F and Sunday Mary F
Bought by
Reyes Enrique A and Reyes Margarita F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 1996
Sold by
Hughes Bill Bryan and Hughes Judy K
Bought by
Sunday Robert F and Sunday Mary F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,600
Interest Rate
6.99%
Mortgage Type
New Conventional

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
Jireh 55Th Avenue Llc -- Accommodation
Yeng Steve $435,000 Security Title Agency Inc
Kelly Anthony R $216,000 Chicago Title Agency Inc
Ambuehl Robert $167,000 Lawyers Title Of Arizona Inc
Mojaq Properties Llc $129,900 Lawyers Title Of Arizona Inc
Smith Mark $65,000 Chicago Title
U S Bank National Association $103,311 First American Title
Reyes Enrique A $130,000 Grand Canyon Title Agency In
Sunday Robert F $74,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeng Steve $326,250
Previous Owner Kelly Anthony R $161,000
Previous Owner Kelly Anthony R $162,000
Previous Owner Ambuehl Robert $125,000
Previous Owner Ambuehl Robert $125,250
Previous Owner Reyes Enrique A $178,500
Previous Owner Reyes Enrique A $117,000
Previous Owner Sunday Robert F $66,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $435,000 +2.5% $178 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $424,500 +94.7% $173 / Sq Ft
05/10/2018 05/10/18 Sold $218,000 -3.1% $89 / Sq Ft
03/16/2018 03/16/18 For Sale $225,000 +34.7% $92 / Sq Ft
03/22/2013 03/22/13 Sold $167,000 -7.2% $68 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $180,000 -- $73 / 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 $1,548 $11,600 -- --
2024 $1,419 $11,047 -- --
2023 $1,419 $34,000 $6,800 $27,200
2022 $1,410 $24,870 $4,970 $19,900
2021 $1,392 $17,480 $3,490 $13,990
2020 $1,405 $15,050 $3,010 $12,040
2019 $1,390 $14,960 $2,990 $11,970
2018 $1,337 $13,620 $2,720 $10,900
2017 $1,351 $11,430 $2,280 $9,150
2016 $1,273 $10,910 $2,180 $8,730
2015 $1,182 $12,030 $2,400 $9,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6252746

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-02-161