$218,000
SOLD MAY 10, 2018

6734 N 55th Ave Glendale, AZ 85301

-- Bed
-- Bath
2,450 Sq Ft
8,538 Sq Ft Lot

Recently Sold

$89 Per Sq Ft

3% Below List Price

11 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2021

Rare find, fully rented 3-plex in the heart of Glendale. Newer construction all central air conditioning and all 2 bed 1 bath units. Nice clean neighborhood with a church across the street. Current rents range from $595 - $825. The $825 unit includes utilities. All individually metered for electric. Bring your offers now, this property will not last. All facts and figures are approximate, buyer verify MLS information. Drive by only, tenants are unaware that the property is for sale. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 03/17/2018

Co-Listed By

Braxton McGregor

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Joey Hallatt

Cambridge Properties License #BR518174000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Abraham Lincoln Traditional Elementary And Middle School
  • Marcos De Niza High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 4
  • Assessor Parcel Number 146-02-161

Community Details

Overview

  • 3 Units
  • Building Dimensions are 8526
  • Park Addn Blks 26 28, 7 15 Subdivision

Building Details

  • Operating Expense $7,865
  • Gross Income $20,520
  • Net Operating Income $12,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,351

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 55TH AVE AND GLENDALE
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: PARK ADDN BLKS 26-28, 7-15
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, 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
  • Appliances Included:Disposal2: Yes

Exterior Features

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

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
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Abraham Lincoln Traditional School
  • High School: Marcos De Niza High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Abraham Lincoln Traditional School

Lot Info

  • Lot Size: 8526
  • Additional Parcels: No
  • Parcel #: 146-02-161

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 163.0
  • Annual Gross Income: 20520.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 12655.0
  • Annual Operating Expense: 7865.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1351.0
  • 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%
Current Estimated Value
$538,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,760
Avg. Annual Appreciation
5.31%
Original Mortgage
$326,250
Outstanding Balance
$296,795
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$241,462

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
$296,795
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$241,462

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
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 Type Sale Price Title Company
Warranty Deed -- Accommodation
Warranty Deed $435,000 Security Title Agency Inc
Warranty Deed $216,000 Chicago Title Agency Inc
Warranty Deed $167,000 Lawyers Title Of Arizona Inc
Cash Sale Deed $129,900 Lawyers Title Of Arizona Inc
Cash Sale Deed $65,000 Chicago Title
Trustee Deed $103,311 First American Title
Warranty Deed $130,000 Grand Canyon Title Agency In
Warranty Deed $74,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $326,250 New Conventional
Previous Owner $161,000 New Conventional
Previous Owner $162,000 New Conventional
Previous Owner $125,000 New Conventional
Previous Owner $125,250 Seller Take Back
Previous Owner $178,500 Unknown
Previous Owner $117,000 Purchase Money Mortgage
Previous Owner $66,600 New Conventional
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: 5738214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-02-161