$450,000
SOLD JUN 15, 2020

7106 N 68th Ave Glendale, AZ 85303

-- Bed
-- Bath
3,640 Sq Ft
7,231 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

10% Below List Price

62 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System

About This Home

As of June 2020

Remarkable cash flowing asset with upside in rents! Two 4-plex properties, must sell together, all 2 bedroom units with 1 full bathroom, in-suite washer and dryer, renovated in 2018. Units are quipped with full appliance package - refrigerator, electric stove and overhead microwave/hood-fan. Easy to maintain, hassle-free investment property.

Last Agent to Sell the Property

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000 Listed on: 03/31/2020

Last Buyer's Agent

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000 Listed on: 03/31/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1964

Home Design

  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Desert Spirit Elementary And Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 67
  • Assessor Parcel Number 143-28-074

Community Details

Overview

  • 4 Units
  • Building Dimensions are 60x120
  • Glen West Estates Subdivision

Building Details

  • Operating Expense $6,341
  • Gross Income $38,115
  • Net Operating Income $28,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,591

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 67th Ave & Glendale
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: GLEN WEST ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: 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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2650.0

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: 60x120
  • Additional Parcels: No
  • Parcel #: 143-28-074

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 38115.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 28725.0
  • Annual Operating Expense: 6341.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1591.0
  • Tax Book Number: 143.00
  • Tax Lot: 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Jg Investments Az Llc
Bought by
Sarb2023 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$487,205
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$279,880

Purchase Details

Closed on
Nov 16, 2021
Sold by
Sawhney Samir and Sawhney Nazila
Bought by
Sawhney Nazila

Purchase Details

Closed on
Sep 2, 2020
Sold by
Jny Phoenix Llc
Bought by
7106 North 68Th Ave Llc

Purchase Details

Listed on
Mar 31, 2020
Closed on
Jun 15, 2020
Sold by
Devonshire Twelve Llc
Bought by
Ynj Phoenix Llc
Seller's Agent
Samir Sawhney
XCD Realty & Property Mgmt
Buyer's Agent
Samir Sawhney
XCD Realty & Property Mgmt
List Price
$499,500
Sold Price
$450,000
Premium/Discount to List
-$49,500
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$337,500
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 20, 2017
Closed on
Mar 30, 2018
Sold by
Westrock Financial L L C
Bought by
Devonshire Tweleve Llc
Seller's Agent
Bret Bowdish
Arizona Executives
Buyer's Agent
Samir Sawhney
XCD Realty & Property Mgmt
List Price
$260,000
Sold Price
$275,000
Premium/Discount to List
$15,000
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.96%
Original Mortgage
$192,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2012
Sold by
Slusher William G and Slusher Maryann P
Bought by
Westrock Financial Llc

Purchase Details

Closed on
Nov 6, 2003
Sold by
Rader Jane
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
$110,550
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2000
Sold by
Tagawa Noriko
Bought by
Rader Norman and Rader Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
8.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 1996
Sold by
Ng Dixon
Bought by
Tagawa Noriko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
8.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 1996
Sold by
Tagawa Kanae
Bought by
Ng Dixon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
8.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 1994
Sold by
Eagle West Investments Inc
Bought by
Blumenstein Bernard and Blumenstein Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
8.5%
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 $820,000 Magnus Title
Interfamily Deed Transfer -- Magnus Title Agency
Warranty Deed $595,000 Magnus Title Agency
Warranty Deed -- None Available
Warranty Deed $450,000 Chicago Title Agency Inc
Warranty Deed $275,000 Chicago Title Agency Inc
Trustee Deed $225,546 Security Title Agency
Warranty Deed $138,215 Stewart Title & Trust
Warranty Deed $137,000 Capital Title Agency
Warranty Deed $95,000 First American Title
Interfamily Deed Transfer -- First American Title
Cash Sale Deed $63,285 First American Title
Joint Tenancy Deed -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,000 New Conventional
Previous Owner $337,500 Adjustable Rate Mortgage/ARM
Previous Owner $192,500 New Conventional
Previous Owner $191,800 Fannie Mae Freddie Mac
Previous Owner $110,550 Purchase Money Mortgage
Previous Owner $109,600 New Conventional
Previous Owner $66,500 New Conventional
Previous Owner $64,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 For Sale $894,900 +98.9% --
06/15/2020 06/15/20 Sold $450,000 -9.9% $124 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $499,500 +81.6% $137 / Sq Ft
04/02/2018 04/02/18 Sold $275,000 +5.8% $76 / Sq Ft
03/07/2018 03/07/18 Price Changed $260,000 0.0% $71 / Sq Ft
01/06/2018 01/06/18 Pending -- -- --
12/13/2017 12/13/17 For Sale $260,000 +420.0% $71 / Sq Ft
01/06/2015 01/06/15 Sold $50,000 -8.9% $47 / Sq Ft
12/03/2014 12/03/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $54,900 -- $52 / 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 $1,772 $13,278 -- --
2024 $1,624 $12,646 -- --
2023 $1,624 $42,700 $8,540 $34,160
2022 $1,614 $30,780 $6,150 $24,630
2021 $1,593 $23,580 $4,710 $18,870
2020 $1,608 $21,270 $4,250 $17,020
2019 $1,591 $17,580 $3,510 $14,070
2018 $1,530 $16,700 $3,340 $13,360
2017 $1,546 $17,500 $3,500 $14,000
2016 $1,458 $16,480 $3,290 $13,190
2015 $1,353 $12,350 $2,470 $9,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6059072

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-28-074