NOT LISTED FOR SALE

7535 N 109th Ave Glendale, AZ 85307

Estimated Value: $325,587 - $474,000

-- Bed
3 Baths
1,450 Sq Ft
$264/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $915,000 $631 Per Sq Ft

Current estimated payment $2,078/month

25 Days on Market

About This Home

As of June 2020

Rare investment opportunity: Four well maintained single residential houses in family friendly neighborhoods present a solid 6% cap return and viable long term appreciation as housing demand remains very strong in Phoenix MSA. Professionally managed, 100% stabilized occupancy with monthly rent at $5,845. These four rental homes have been professionally managed and maintained. All in family friendly neighborhoods with strong buyer and rental demands. At current rents and operations a 6% cap .

Last Agent to Sell the Property

Deanne Miachika

REI Marketing License #SA686732000 Listed on: 04/08/2020

Co-Listed By

Victoria Miachika

REI Marketing License #BR639322000

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $913

Year Built

  • Built in 1987

Lot Details

  • Additional Parcels

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water
  • Tax Lot 979
  • Assessor Parcel Number 142-75-211

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 7,090 SF
  • Country Meadows Unit 9 Lot 775 1034 Subdivision

Building Details

  • Operating Expense $913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$913

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Northern & 109th Ave
  • Legal Info Range: 1E
  • Property Type: Multiple Dwellings
  • Zoning: R7
  • Number Of Buildings: 4
  • Year Built: 1987
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reim001
  • Co List Office Phone: 602-715-0232
  • Subdivision Name: COUNTRY MEADOWS UNIT 9 LOT 775-1034
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: See Remarks, Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Garage Details: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 7,090 SF
  • Additional Parcels: Yes
  • Parcel #: 142-75-211

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Operating Expense: 913.0

Tax Info

  • Tax Annual Amount: 913.0
  • Tax Book Number: 142.00
  • Tax Lot: 979

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2020
Closed on
May 5, 2020
Sold by
Perspective Invesmtnes Arizona Llp
Bought by
Az Reverse Investments Llc
Seller's Agent
Deanne Miachika
REI Marketing
Buyer's Agent
Victoria Miachika
REI Marketing
List Price
$916,000
Sold Price
$915,000
Premium/Discount to List
-$1,000
-0.11%
Current Estimated Value
$382,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$532,353
Avg. Annual Appreciation
-14.96%

Purchase Details

Closed on
Feb 27, 2013
Sold by
Pina Josephine and Pina Thomas J
Bought by
Perspective Investments Arizona Llp

Purchase Details

Closed on
Feb 26, 2002
Sold by
Northern Trust Bank
Bought by
Saavedra Josephine and Pina Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
6.94%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2000
Sold by
Fisher Ruth Ann
Bought by
Fisher Ruth and The Ruth Fisher Living Trust
Source: Public Records

Range of Values:

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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
Az Reverse Investments Llc $1,159,500 Old Republic Title Agency
Perspective Investments Arizona Llp $105,100 None Available
Saavedra Josephine $105,000 Transnation Title Insurance
Fisher Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saavedra Josephine $99,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2020 06/12/20 Sold $915,000 -0.1% $631 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $916,000 0.0% $632 / Sq Ft
12/01/2019 12/01/19 Rented $1,295 0.0% --
11/22/2019 11/22/19 Under Contract -- -- --
11/08/2019 11/08/19 Price Changed $1,295 -3.7% $1 / Sq Ft
10/23/2019 10/23/19 Price Changed $1,345 -3.6% $1 / Sq Ft
10/07/2019 10/07/19 For Rent $1,395 +21.3% --
07/02/2016 07/02/16 Rented $1,150 0.0% --
07/02/2016 07/02/16 Under Contract -- -- --
06/30/2016 06/30/16 For Rent $1,150 -- --
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 $895 $10,084 -- --
2024 $879 $9,604 -- --
2023 $879 $25,850 $5,170 $20,680
2022 $852 $19,730 $3,940 $15,790
2021 $901 $17,970 $3,590 $14,380
2020 $910 $16,780 $3,350 $13,430
2019 $913 $14,970 $2,990 $11,980
2018 $887 $13,500 $2,700 $10,800
2017 $887 $12,060 $2,410 $9,650
2016 $860 $11,120 $2,220 $8,900
2015 $805 $9,520 $1,900 $7,620
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Deanne Miachika

    REI Marketing

    (602) 715-0232

    1 in this area

    12 Total Sales

    Deanne Miachika
    Section Image
  • Victoria Miachika

    Seller Co-Listing Agent in 2020

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    1 in this area

    13 Total Sales

    Victoria Miachika
    Section Image
  • Lyn Hall

    Seller's Agent in 2019

    Lyn Hall

    Coldwell Banker Realty

    (602) 739-3569

    1 in this area

    5 Total Sales

    Lyn Hall
    Section Image

  • A

    Buyer's Agent in 2019

    Aleta Henriquez

    My Home Group Real Estate

    (602) 730-2162

    2 Total Sales

    Aleta Henriquez
    Section Image
  • Shane Higginbotham

    Seller's Agent in 2016

    Shane Higginbotham

    AZHR Premier Realty

    (602) 391-7777

    1 in this area

    18 Total Sales

    Shane Higginbotham
    Section Image

  • A

    Buyer's Agent in 2016

    Andrew Leach

    HomeSmart

    19 Total Sales

    Andrew Leach
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6063408

Arizona Regional Multiple Listing Service (ARMLS)

APN: 142-75-211

Arizona Maricopa County Glendale 85307

7535 N 109th Ave, Glendale, AZ

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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