NOT LISTED FOR SALE

7526 W Glenn Dr Glendale, AZ 85303

Estimated Value: $343,035 - $612,000

-- Bed
-- Bath
3,008 Sq Ft
$171/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $485,000 $161 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,998/month

88 Days on Market

Highlights

  • Community Playground
  • Central Heating and Cooling System
  • Ceiling Fan
  • Ceramic Tile Flooring

About This Home

As of September 2014

Calling All Investors! BACK ON MARKET!!! Here is the perfect opportunity to build your portfolio and make an 8.43% CAP on this affordable multi-family project. Three Buildings, Each with Four Units (12 TOTAL UNITS). Each unit is 2 bed, 1 bath and approximately 800 square feet. The building has been updated with all of the bells and whistles including, but not limited to a new roof, a/c unit(s) and miscellaneous items inside each of the units. Property includes a large common area and an on-site laundry facility. Centrally located complex in the heart of Glendale and super close to shopping, dining and entertainment with easy access to the 101 and I-10 freeways. Please call for special financing options and to get your investment portfolio started!

Last Agent to Sell the Property

Carlie Goulet

Keller Williams Realty Phoenix License #BR526378000 Listed on: 04/28/2014

Keller Williams Realty Phoenix

Last Buyer's Agent

Carlie Goulet

Keller Williams Realty Phoenix License #BR526378000 Listed on: 04/28/2014

Keller Williams Realty Phoenix

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1976

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 48 Open Parking Spaces
  • 60 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Sunset Vista Elementary And Middle School
  • Independence High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 72
  • Assessor Parcel Number 142-43-074-A

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 217 x 163
  • Glen View Estates 2 Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $20,737
  • Gross Income $64,887
  • Net Operating Income $44,242

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,350

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: 75th Avenue & Glendale Avenue
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2014
  • Directions: North on 75th Avenue, West (left) on Glenn Drive. Property is located on the North side (right side).
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Glen View Estates 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, 1 Space/Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 48.0
  • Total Parking Spaces: 60.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 48.0
  • General Property Description:Total Parking Spcs: 60.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Annual Water Sewer Expense: 9600.0

Schools

  • Elementary School: Sunset Vista
  • High School: Independence High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Sunset Vista

Lot Info

  • Lot Size: 217 x 163
  • Additional Parcels: Yes
  • Parcel #: 142-43-074-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Annual Gross Income: 64887.43
  • Insurance Expense: 3000.0
  • Maintenance Expense: 3324.0
  • Property Net Operating Income: 44241.6
  • Annual Operating Expense: 20737.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3350.44
  • Tax Book Number: 142.00
  • Tax Lot: 72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2014
Closed on
Sep 18, 2014
Sold by
Fortress Properties Llc
Bought by
Carrillo Alfonso E and Carrillo Kay F
Seller's Agent
Carlie Goulet
Keller Williams Realty Phoenix
Buyer's Agent
Carlie Goulet
Keller Williams Realty Phoenix
List Price
$515,000
Sold Price
$485,000
Premium/Discount to List
-$30,000
-5.83%
Current Estimated Value
$515,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,678
Avg. Annual Appreciation
0.49%
Original Mortgage
$106,400
Outstanding Balance
$82,707
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$428,157

Purchase Details

Listed on
Jul 25, 2012
Closed on
May 15, 2013
Sold by
Ikon Business Group Llc
Bought by
Fortress Properties Llc
Seller's Agent
Brenda Fouts
West USA Realty
Buyer's Agent
Carlie Goulet
Keller Williams Realty Phoenix
List Price
$159,900
Sold Price
$130,000
Premium/Discount to List
-$29,900
-18.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
161.44%
Original Mortgage
$284,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2010
Sold by
Sunkara Lakshmi Prasad
Bought by
Ikon Business Group Llc

Purchase Details

Closed on
Jan 26, 2010
Sold by
Ikon Business Group Llc
Bought by
Sunkara Lakshmi Prasad

Purchase Details

Closed on
Apr 29, 2009
Sold by
Bank Of New York
Bought by
Ikon Business Group Llc

Purchase Details

Closed on
Mar 11, 2008
Sold by
Morales Giovanni
Bought by
Bank Of New York

Purchase Details

Closed on
Jan 30, 2007
Sold by
Morales Brenda Ivon
Bought by
Morales Giovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,100
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2007
Sold by
Amenero Jose
Bought by
Morales Giovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,100
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2006
Sold by
Moreno Monica
Bought by
Moreno Tony

Purchase Details

Closed on
Sep 14, 2004
Sold by
Shamy Sharon K
Bought by
Amenero Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,335
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2001
Sold by
Shamy David F
Bought by
Shamy Sharon K and Shamy Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
6.9%

Purchase Details

Closed on
Jun 9, 1998
Sold by
Mcguinness Mark and Lathrop Charles
Bought by
Fahrni Sue and Bailey Francine S

Purchase Details

Closed on
Dec 23, 1994
Sold by
Rathman Richard J and Rathman Christal T
Bought by
First Phoenix Realty
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 Buyer Sale Price Title Company
Carrillo Alfonso E $152,000 Millennium Title
Fortress Properties Llc $130,000 Magnus Title Agency
Ikon Business Group Llc -- Accommodation
Sunkara Lakshmi Prasad -- Accommodation
Ikon Business Group Llc $70,000 First American Title Ins Co
Bank Of New York $279,000 First American Title
Morales Giovanni -- Stewart Title & Trust Of Pho
Morales Giovanni $318,000 Stewart Title & Trust Of Pho
Moreno Tony -- None Available
Moreno Tony -- None Available
Amenero Jose $206,669 Lawyers Title Ins
Shamy Sharon K -- Chicago Title Insurance Co
Fahrni Sue $330,000 Chicago Title Insurance Co
First Phoenix Realty -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrillo Alfonso E $106,400
Previous Owner Fortress Properties Llc $284,000
Previous Owner Morales Giovanni $302,100
Previous Owner Amenero Jose $250,000
Previous Owner Amenero Jose $165,335
Previous Owner Shamy Sharon K $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $485,000 -5.8% $161 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $515,000 +296.2% $171 / Sq Ft
05/17/2013 05/17/13 Sold $130,000 -18.7% $43 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
07/25/2012 07/25/12 For Sale $159,900 -- $53 / 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 $1,509 $11,307 -- --
2024 $1,383 $10,769 -- --
2023 $1,383 $37,980 $7,590 $30,390
2022 $1,374 $27,450 $5,490 $21,960
2021 $1,357 $22,950 $4,590 $18,360
2020 $1,370 $20,880 $4,170 $16,710
2019 $1,355 $15,680 $3,130 $12,550
2018 $1,303 $14,900 $2,980 $11,920
2017 $1,317 $13,300 $2,660 $10,640
2016 $1,241 $12,750 $2,550 $10,200
2015 $1,152 $11,020 $2,200 $8,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5106975

Arizona Regional Multiple Listing Service (ARMLS)

APN: 142-43-075A