NOT LISTED FOR SALE

7002 N 68th Dr Glendale, AZ 85303

Estimated Value: $341,104 - $699,000

Studio
-- Bath
3,080 Sq Ft
$188/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $320,000 $104 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,162/month

93 Days on Market

About This Home

As of April 2015

Great location on the corner! Just put out a sign and you get calls! All two bedroom units - 2 fourplexes side by side, must be sold together. This means 30 year fixed residential financing! On site laundry, tenant friendly SRP for electric! Rents are under market - upside! Buyer to verify all items during the due diligence period. 2nd parcel is 7006 N 68th Drive, APN 143-28-015.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 11/11/2014

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

James Hill

West USA Realty License #SA116827000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,186

Year Built

  • Built in 1972

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 9
  • Assessor Parcel Number 143-28-016

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are irr
  • Glen West Estates Subdivision

Building Details

  • Operating Expense $11,486
  • Gross Income $41,094
  • Net Operating Income $28,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,186

Year Built

Built in 1972

Lot Details

7,362 Sq Ft Lot

Listing Details

  • Cross Street: 67th Ave/Glendale Ave
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1972
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Glen West Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: 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: 4800.0

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 143-28-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 41094.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 28294.0
  • Annual Operating Expense: 11486.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1186.0
  • Tax Book Number: 143.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2015
Sold by
Entitlement Holdings Llc
Bought by
Dempsey James
Current Estimated Value
$578,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2014
Sold by
Lind Christopher
Bought by
Entitlement Holdings Llc

Purchase Details

Closed on
Mar 18, 2011
Sold by
Empire Properties Inc
Bought by
Lind Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2010
Sold by
Haddad Linda
Bought by
Empire Properties Inc

Purchase Details

Closed on
May 18, 2009
Sold by
Haddad Haithem T
Bought by
Haddad Linda

Purchase Details

Closed on
Feb 7, 2009
Sold by
Turner Robin
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 16, 2005
Sold by
Abdalla Eltayeb
Bought by
Turner Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2003
Sold by
Slusher William G and Slusher Maryann P
Bought by
Abdalla Eltayeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,678
Interest Rate
5.88%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2002
Sold by
Rader Jane A
Bought by
Sivley Derek and Sivley Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 27, 2002
Sold by
Sivley Derek and Sivley Audrey
Bought by
Slusher William G and Slusher Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 26, 1998
Sold by
Wells Fargo Bank Na
Bought by
Hughes Brian and Hughes Pamela
Source: Public Records
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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
Dempsey James $160,000 Chicago Title Agency
Entitlement Holdings Llc -- None Available
Lind Christopher $107,000 First American Title Ins Co
Empire Properties Inc $72,000 None Available
Haddad Linda -- Stewart Title & Trust Of Pho
Haddad Linda $77,000 Stewart Title & Trust Of Pho
Federal National Mortgage Association $280,511 First American Title
Turner Robin $315,000 Fidelity National Title
Abdalla Eltayeb $215,000 Stewart Title & Trust
Sivley Derek $140,000 Stewart Title & Trust
Slusher William G $169,000 Stewart Title & Trust
Hughes Brian $330,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dempsey James $112,000
Previous Owner Lind Christopher $80,250
Previous Owner Turner Robin $252,000
Previous Owner Abdalla Eltayeb $211,678
Previous Owner Sivley Derek $135,000
Previous Owner Slusher William G $126,750
Closed Turner Robin $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $320,000 -9.8% $104 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
11/11/2014 11/11/14 For Sale $354,800 -- $115 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,821 $13,126 -- --
2024 $1,606 $12,501 -- --
2023 $1,606 $37,600 $7,520 $30,080
2022 $1,595 $27,080 $5,410 $21,670
2021 $1,575 $24,460 $4,890 $19,570
2020 $1,590 $22,080 $4,410 $17,670
2019 $1,572 $16,780 $3,350 $13,430
2018 $1,513 $15,700 $3,140 $12,560
2017 $1,529 $17,030 $3,400 $13,630
2016 $1,441 $16,660 $3,330 $13,330
2015 $1,337 $12,310 $2,460 $9,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5198446

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-28-016

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