NOT LISTED FOR SALE

7116 N 54th Ave Glendale, AZ 85301

Estimated Value: $370,000 - $491,000

-- Bed
2 Baths
2,186 Sq Ft
$204/Sq Ft Est. Value

Last Sold May 16, 2016

Last sale price $170,000 $78 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $2,455/month

57 Days on Market

Highlights

  • 0.36 Acre Lot
  • Central Air
  • Heating Available
  • Stone Flooring

About This Home

As of May 2016

Seller may Carry! Large C-2 lot blocks from Historic Downtown Glendale. This building has 6 rooms/offices but, the garage spaces could potentially be converted into an additional 2 rooms/offices for a total of 8.

The building is vacant but, in the past, it has been used as a church and most recently a residential rental. The building needs some work but, has good bones.

Use Restrictions:
Glendale's planning and zoning specifies the minimum distance between group homes is 1,320 feet. Because this property falls within range of another group home it cannot be used as a group home or assisted living. Include AS IS addendum with all offers.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 03/10/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Sam Ricketts

Premier Resort Holdings AZ License #BR544937000

Last Buyer's Agent

Kim Au

Geneva Real Estate and Investments License #SA582023000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,096

Year Built

  • Built in 1960

Lot Details

  • 0.36 Acre Lot
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • 2,186 Sq Ft Home
  • Composition Roof
  • Block Exterior

Flooring

  • Stone
  • Concrete

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • Public Parking
  • 2 Covered Spaces
  • Private Parking
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Central Air
  • Heating Available

Community Details

  • Park Place Blks 2,5,6 Subdivision
  • Operating Expense $1,096

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 147-17-043-B

Property Details

Property Type

Other

Est. Annual Taxes

$1,096

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Glendale & 55TH AVE
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2015
  • Lot Size Acres: 0.36
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: PARK PLACE BLKS 2,5,6
  • Structure Type: Other (See Remarks), Commercial, Office
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete
  • Living Area: 2186.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, Private Parking, Public Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 15832.0
  • Parcel #: 147-17-043-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 1096.0

Tax Info

  • Tax Annual Amount: 1096.0
  • Tax Book Number: 147.00
  • Tax Lot: 13
  • Tax Map Number: 17.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 9, 2016
Sold by
R P Associates Llc
Bought by
To Quy Thi
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Kim Au
Geneva Real Estate and Investments
List Price
$210,000
Sold Price
$170,000
Premium/Discount to List
-$40,000
-19.05%
Current Estimated Value
$445,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,799
Avg. Annual Appreciation
10.61%
Original Mortgage
$70,000
Outstanding Balance
$55,815
Interest Rate
3.71%
Mortgage Type
Seller Take Back
Estimated Equity
$389,984

Purchase Details

Closed on
Jan 1, 1999
Sold by
May Makrouhi Kris and May Robert J
Bought by
R P Associates Llc

Purchase Details

Closed on
Sep 6, 1996
Sold by
Gulick Bahia F
Bought by
May Robert J and May Makrouhi Kris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.37%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
To Quy Thi $170,000 Chicago Title Agency Inc
R P Associates Llc -- --
May Robert J $65,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open To Quy Thi $70,000
Previous Owner May Robert J $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $170,000 -19.0% $78 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $210,000 -- $96 / 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 $1,325 $10,761 -- --
2024 $1,155 $10,249 -- --
2023 $1,155 $28,800 $5,760 $23,040
2022 $1,148 $22,350 $4,470 $17,880
2021 $1,143 $20,380 $4,070 $16,310
2020 $1,157 $16,980 $3,390 $13,590
2019 $1,145 $13,710 $2,740 $10,970
2018 $1,098 $14,080 $2,810 $11,270
2017 $1,114 $9,760 $1,950 $7,810
2016 $1,058 $9,460 $1,890 $7,570
2015 $1,096 $10,250 $2,050 $8,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sam Ricketts

    Premier Resort Holdings AZ

    Section Image

  • K

    Buyer's Agent in 2016

    Kim Au

    Geneva Real Estate and Investments

    2 in this area

    21 Total Sales

    Kim Au
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5411092

Arizona Regional Multiple Listing Service (ARMLS)

APN: 147-17-043B

Arizona Maricopa County Glendale 85301

7116 N 54th Ave, Glendale, AZ

Not Listed for Sale

Other

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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