NOT LISTED FOR SALE

7014 N 68th Dr Glendale, AZ 85303

Estimated Value: $462,000 - $488,000

6 Beds
-- Bath
2,485 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $279,568 $113 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,615/month

81 Days on Market

About This Home

As of June 2020

We are pleased to announce Glen West Estates. These are very nice units with private yards. These units are all two bedroom one bath units. All units are fully rented with long term tenants below market rents at 600. All tenants are on a month to month lease. Current market rents are at 800-850. All units have covered parking and central air conditioning. You must buy 7018 n 68th Dr next for $295,000 for total of $590,000. Being currently sold as is.
All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 02/22/2020

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Corey Wilson

HomeSmart License #SA679809000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,536

Year Built

  • Built in 1971

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces

Schools

  • Desert Spirit Elementary And Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 143-28-013

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7187

Building Details

  • Operating Expense $8,715
  • Gross Income $29,070
  • Net Operating Income $20,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,536

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 67TH. AVE. / GLENDALE
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Other, See Remarks
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Desert Spirit
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Desert Spirit

Lot Info

  • Lot Size: 7187
  • Additional Parcels: No
  • Parcel #: 143-28-013

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 3
  • Annual Gross Income: 29070.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 20355.0
  • Annual Operating Expense: 8715.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1536.0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2024
Sold by
Sfr Rs Owner Lp
Bought by
Bonprop 71 Llc
Current Estimated Value
$474,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 18, 2024
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 14, 2021
Sold by
Rs Phoenix Owner 4 Lp
Bought by
Star 2021 Sfr2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,412,980
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2020
Closed on
Jun 4, 2020
Sold by
N 5 Llc
Bought by
Rs Phoenix Owner 4 Lp
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Corey Wilson
HomeSmart
List Price
$295,000
Sold Price
$279,568
Premium/Discount to List
-$15,432
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
Apr 30, 2013
Closed on
May 6, 2013
Sold by
Diamond Property Leasing West Llc
Bought by
N 5 Llc
Seller's Agent
Kevin Beasley
New Start Realty and Relocation
Buyer's Agent
Daniel Enriquez
Six Zero Two Real Estate Group LLC
List Price
$99,500
Sold Price
$100,500
Premium/Discount to List
$1,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%

Purchase Details

Closed on
Jul 16, 2009
Sold by
Fannie Mae
Bought by
Diamond Property Leasing West Llc

Purchase Details

Closed on
Oct 9, 2003
Sold by
Hughes Brian T and Hughes Pamela A
Bought by
Mcclellan Earl W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2003
Sold by
Mcclellan Earl W
Bought by
Slusher William G and Slusher Maryann P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2003
Sold by
Hughes Pamela A
Bought by
Mcclellan Earl
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
Bonprop 71 Llc $485,000 Stewart Title
Sfr Rs Owner Lp -- Essex Title Llc
Sfr Rs Owner Lp -- Essex Title Llc
Star 2021 Sfr2 Borrower Lp -- Os National
Rs Phoenix Owner 4 Lp $279,588 Fidelity National Ttl Ins Co
N 5 Llc $100,500 Precision Land Title Agency
Diamond Property Leasing West Llc $75,000 Stewart Title & Trust Of Pho
Mcclellan Earl W -- Stewart Title & Trust
Slusher William G $110,000 Stewart Title & Trust
Mcclellan Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonprop 71 Llc $363,750
Previous Owner Star 2021 Sfr2 Borrower Lp $256,412,980
Previous Owner Slusher William G $88,000
Closed Slusher William G $11,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2020 06/12/20 Sold $279,568 -5.2% $113 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
02/22/2020 02/22/20 For Sale $295,000 +193.5% $119 / Sq Ft
05/09/2013 05/09/13 Sold $100,500 +1.0% $40 / Sq Ft View Prior Sale
05/02/2013 05/02/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $99,500 -- $40 / 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 $1,779 $12,825 -- --
2024 $1,569 $12,215 -- --
2023 $1,569 $34,980 $6,990 $27,990
2022 $1,559 $24,760 $4,950 $19,810
2021 $1,539 $22,730 $4,540 $18,190
2020 $1,553 $20,600 $4,120 $16,480
2019 $1,536 $15,750 $3,150 $12,600
2018 $1,478 $14,880 $2,970 $11,910
2017 $1,494 $16,370 $3,270 $13,100
2016 $1,408 $15,970 $3,190 $12,780
2015 $1,307 $11,560 $2,310 $9,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6041118

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-28-013

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