NOT LISTED FOR SALE

6830 N 60th Ave Glendale, AZ 85301

Estimated Value: $492,000 - $619,000

-- Bed
1 Bath
2,688 Sq Ft
$204/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $282,500 $105 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,058/month

19 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available

About This Home

As of May 2019

NEWER BUILT DUPLEX WITH TWO - 4 BEDROOM, 2 BATH UNITS EACH OVER 1300 SQ FT. LOW MAINTAINANCE WITH ALL TILE FLOORS. MASTER SPLIT PLANS, LARGE EAT-IN KITCHENS. SPACIOUS LIVING ROOM. PAVED PARKING LOT BEHIND THE BUILDING. COIN-OP LAUNDRY AND STORAGE BETWEEN THE TWO UNITS. UNIT 1 JUST RENTED OUT FOR $1065 A MONTH. UNIT 2 IS MONTH TO MONTH AT $855 A MONTH. CURRENT RENT AND EXPENSES PUT THIS AT A 5.07 CAP RATE WITH MANAGEMENT IN PLACE. RAISE THE RENT ON UNIT 2 TO $1065 AND YOU ARE AT A 5.9 CAP RATE. SELF MANAGE AND THEN YOU ARE AT A 5.63 ON CURRENT RENTS OR A 6.46 ON RAISED RENTS. THIS IS A GREAT, WELL MAINTAINED PROPERTY THAT IS A WONDERFUL ADDITION TO YOUR PORTFOLIO OR AS YOUR FIRST VENTURE INTO MULTI-UNIT INVESTING. OWNER IS A LICENSED AGENT IN THE STATE OF AZ. LISTING AGENT IS NOT THE OWNER.

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 04/03/2019

West USA Realty

Last Buyer's Agent

Laura Kulakowski

Realty ONE Group License #SA649551000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,529

Year Built

  • Built in 2007

Lot Details

  • 8,973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Harold W Smith Elementary School
  • Challenger Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 4 / 20
  • Assessor Parcel Number 144-10-007

Community Details

Overview

  • 2 Units
  • Building Dimensions are 179x50
  • Orchard Add Blk 20 21 22, & 38 Subdivision

Building Details

  • Operating Expense $8,237
  • Gross Income $23,461
  • Net Operating Income $15,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,529

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Glendale Ave. & 59th Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 2007
  • Tax Year: 2018
  • Directions: WEST ON GLENDALE TO 60TH AVE. SOUTH TO PROPERTY. DO NOT DISTURB TENANTS NO SHOWINGS WITHOUT AN ACCEPTED OFFER.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1680.0
  • Subdivision Name: ORCHARD ADD BLK 20-21-22, & 38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Harold W Smith School
  • High School: Glendale High School
  • Middle Or Junior School: Challenger Middle School

Lot Info

  • Lot Size: 179x50
  • Additional Parcels: No
  • Parcel #: 144-10-007

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 720.0
  • Annual Gross Income: 23461.2
  • Insurance Expense: 708.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 15223.0
  • Annual Operating Expense: 8237.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1529.0
  • Tax Block: 20
  • Tax Book Number: 144.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2019
Closed on
May 16, 2019
Sold by
Jdo Investmetns Llc
Bought by
Trout Amando and Rainier William
Seller's Agent
Howard Rudin
West USA Realty
Buyer's Agent
Laura Kulakowski
Realty ONE Group
List Price
$300,000
Sold Price
$282,500
Premium/Discount to List
-$17,500
-5.83%
Current Estimated Value
$548,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,422
Avg. Annual Appreciation
10.97%
Original Mortgage
$270,019
Outstanding Balance
$239,965
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$308,957

Purchase Details

Listed on
Nov 6, 2012
Closed on
Jan 2, 2013
Sold by
Finley Heather
Bought by
Jdo Investments Llc
Seller's Agent
Joshua Gonzalez
Compass
Buyer's Agent
Howard Rudin
West USA Realty
List Price
$135,000
Sold Price
$127,500
Premium/Discount to List
-$7,500
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$82,875
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2010
Sold by
Gashler Karl S
Bought by
Finley Heather

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
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2006
Sold by
Gashler Leissa
Bought by
Gashler Karl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,518
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2005
Sold by
Sammy Build It Llc
Bought by
Coldwater Group Llc

Purchase Details

Closed on
Apr 4, 2005
Sold by
Net Worth Development Co Llc
Bought by
Sammy Build It Llc

Purchase Details

Closed on
Sep 29, 2003
Sold by
Smith Melvin Robert
Bought by
Net Worth Development Llc

Purchase Details

Closed on
Jun 22, 1999
Sold by
Tuttle Janis S
Bought by
Smith Melvin Robert

Purchase Details

Closed on
Mar 19, 1997
Sold by
Tuttle Janis
Bought by
Schillinger John and Schillinger Marie
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
Trout Amando $290,000 Pioneer Title Agency Inc
Jdo Investments Llc $127,500 Stewart Title & Trust Of Pho
Finley Heather $82,500 Lawyers Title Of Arizona Inc
Gashler Karl S -- Westland Title Agency Of Az
Gashler Karl S -- Westland Title Agency Of Az
Coldwater Group Llc $69,000 First American Title Ins Co
Sammy Build It Llc -- --
Net Worth Development Llc $33,000 Fidelity National Title
Smith Melvin Robert $9,000 Fidelity Title
Schillinger John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trout Amando $270,019
Previous Owner Jdo Investments Llc $82,875
Previous Owner Finley Heather $60,000
Previous Owner Gashler Karl S $267,518
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2019 05/30/19 Sold $282,500 -5.8% $105 / Sq Ft
04/21/2019 04/21/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $300,000 +135.3% $112 / Sq Ft
01/04/2013 01/04/13 Sold $127,500 -5.6% $47 / Sq Ft View Prior Sale
11/12/2012 11/12/12 Pending -- -- --
11/01/2012 11/01/12 For Sale $135,000 -- $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 $1,770 $13,264 -- --
2024 $1,622 $12,632 -- --
2023 $1,622 $35,360 $7,070 $28,290
2022 $1,612 $26,670 $5,330 $21,340
2021 $1,592 $24,030 $4,800 $19,230
2020 $1,607 $21,530 $4,300 $17,230
2019 $1,589 $18,530 $3,700 $14,830
2018 $1,529 $17,110 $3,420 $13,690
2017 $1,544 $14,510 $2,900 $11,610
2016 $1,456 $12,200 $2,440 $9,760
2015 $1,351 $10,570 $2,110 $8,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5905238

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-10-007