NOT LISTED FOR SALE

7021 N 55th Dr Glendale, AZ 85301

Estimated Value: $298,000 - $410,000

-- Bed
7 Baths
2,139 Sq Ft
$164/Sq Ft Est. Value

Last Sold April 19, 2018

Last sale price $254,999 $119 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,979/month

22 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Floor Furnace

About This Home

As of April 2018

CASH FLOW OPPORTUNITY- 6 plex in the C2 zoning. City of Glendale approved up to 3 more units that can be build on this parcel. Owner has updated the property with new paint, stucco,and flooring. A few units have been upgraded with new roofs. Electricity paid by tenants, Landlord pays water, sewer & trash. This is not your typical 5-plex. This is owner managed and maintained. Great cash flow property.

Last Agent to Sell the Property

Gavriel Yagudayev

eXp Realty License #SA640592000 Listed on: 02/22/2018

eXp Realty

Last Buyer's Agent

Martha Warden

HomeSmart License #SA640674000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1935

Lot Details

  • 7,013

Home Design

  • Built-Up Roof
  • Metal Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Wood
  • Concrete
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Melvin E Sine Elementary School
  • Glendale Landmark Middle School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Individual Controls for Heating
  • Wall Furnace
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 14
  • Assessor Parcel Number 147-25-096

Community Details

Overview

  • 5 Buildings
  • 5 Units
  • Building Dimensions are 50x140

Building Details

  • Operating Expense $7,200
  • Gross Income $35
  • Net Operating Income $32,633

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: Glendale Ave & 55th Dr
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2017
  • Road Surface Type: Dedicated Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: See Remarks, Painted, Block
  • Roof: Built-Up, Foam, Metal
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Window/Wall Unit, Individual
  • Heating: Individual, Window/Wall Unit(s), Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: Melvin E Sine School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Glendale Landmark Middle School

Lot Info

  • Lot Size: 50x140
  • Additional Parcels: No
  • Parcel #: 147-25-096

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 5
  • Annual Gross Income: 35.15
  • Insurance Expense: 2200.0
  • Maintenance Expense: 850.0
  • Property Net Operating Income: 32633.0
  • Annual Operating Expense: 7199.88
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1349.88
  • Tax Book Number: 147.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2018
Closed on
Apr 9, 2018
Sold by
7021 N 55Th Dr Llc
Bought by
M2k Properties Inc
Seller's Agent
Gavriel Yagudayev
eXp Realty
Buyer's Agent
Martha Warden
HomeSmart
List Price
$254,999
Sold Price
$254,999
Current Estimated Value
$351,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,848
Avg. Annual Appreciation
4.30%
Original Mortgage
$178,499
Outstanding Balance
$53,918
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$297,929

Purchase Details

Closed on
Sep 8, 2017
Sold by
Uvaydon Natan and Leviyev Levi
Bought by
7021 N 55Th Drive Llc

Purchase Details

Closed on
Jul 10, 2017
Sold by
Densmore John M
Bought by
Uvaydov Natan and Leviyev Levi

Purchase Details

Closed on
Feb 12, 2016
Sold by
Densmore Tamara G
Bought by
Densmore John M

Purchase Details

Closed on
Feb 8, 2005
Sold by
Schroeder Samuel J
Bought by
Densmore John M and Densmore Tamara G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2004
Sold by
Stevens Teresa
Bought by
Schroeder Samuel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2002
Sold by
Stevens Kevin
Bought by
Stevens Teresa

Purchase Details

Closed on
Apr 28, 1997
Sold by
Montano Gilbert D and Esther Montano M
Bought by
Stevens Kevin and Stevens Kevin W

Purchase Details

Closed on
Jul 20, 1970
Sold by
Meritt Maurine Beryl
Bought by
Arizona Automotive Institute Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M2k Properties Inc $254,999 Security Title Agency Inc
7021 N 55Th Drive Llc -- None Available
Uvaydov Natan $173,000 Empire West Title Agency
Densmore John M -- None Available
Densmore John M $222,500 Title Partners Of Phoenix Ll
Schroeder Samuel J $207,000 Chicago Title Insurance Co
Stevens Teresa -- --
Stevens Kevin $56,000 Lawyers Title Of Arizona Inc
Arizona Automotive Institute Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M2k Properties Inc $178,499
Previous Owner Densmore John M $165,000
Previous Owner Schroeder Samuel J $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2018 04/19/18 Sold $254,999 0.0% $119 / Sq Ft
03/15/2018 03/15/18 For Sale $254,999 0.0% $119 / Sq Ft
03/15/2018 03/15/18 Price Changed $254,999 0.0% $119 / Sq Ft
02/22/2018 02/22/18 For Sale $254,999 -- $119 / 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 $1,608 $11,592 -- --
2024 $1,418 $11,040 -- --
2023 $1,418 $23,480 $4,690 $18,790
2022 $1,409 $16,220 $3,240 $12,980
2021 $1,391 $14,720 $2,940 $11,780
2020 $1,404 $14,830 $2,960 $11,870
2019 $1,389 $12,170 $2,430 $9,740
2018 $1,336 $13,370 $2,670 $10,700
2017 $1,350 $12,550 $2,510 $10,040
2016 $1,273 $9,630 $1,920 $7,710
2015 $1,181 $13,760 $2,750 $11,010
Source: Public Records

Agents Affiliated with this Home

  • Gavriel Yagudayev

    Seller's Agent in 2018

    Gavriel Yagudayev

    eXp Realty

    (623) 418-8302

    2 in this area

    89 Total Sales

    Gavriel Yagudayev
    Section Image

  • M

    Buyer's Agent in 2018

    Martha Warden

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5728937

Arizona Regional Multiple Listing Service (ARMLS)

APN: 147-25-096

Arizona Maricopa County Glendale 85301

7021 N 55th Dr, Glendale, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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