NOT LISTED FOR SALE

7602 N 61st Ave Glendale, AZ 85301

Estimated Value: $684,000 - $833,000

8 Beds
-- Bath
4,176 Sq Ft
$182/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $695,000 $166 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,160/month

9 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • 4-minute walk to Lions Park
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of December 2021

Calling all investors!!! Close to Westgate, this gem of a 4plex offers a great proximity to shopping, dining, entertainment and nightlife, a renter's dream! All units are rented with long term month to month leases. Two bedroom, 1.5 bath townhome style units each feature a private yard and upstairs balcony off primary bedroom. One unit has been completely remodeled and another has new flooring, carpet, interior paint. One unit has newer AC unit. Fresh exterior paint. All come with refrigerators and one unit with washer/dryer. The others are tenant owned. Easy to rent with lots of room for rent increase. One covered and one uncovered parking space per unit. Units are individually metered for electric and no HOA! Please do not disturb tenants, interior showings only upon open escro

Last Agent to Sell the Property

Jeri Stanfill

Success Property Brokers License #BR540902000 Listed on: 10/27/2021

Success Property Brokers

Last Buyer's Agent

Steven Skarphol

HomeSmart License #BR019829000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,844

Year Built

  • Built in 1984

Lot Details

  • 9,235

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Glendale Landmark Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Central Heating
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 143-39-033

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Justin Wayne Phase 1 Subdivision

Building Details

  • Operating Expense $9,044
  • Gross Income $48,216
  • Net Operating Income $41,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,844

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 61ST AVENUE & NORTHERN
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: From 61st Ave and Northern go south, property is on right.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: JUSTIN WAYNE PHASE 1
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Siding, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 143-39-033

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 48216.0
  • Insurance Expense: 2880.0
  • Property Net Operating Income: 41016.0
  • Annual Operating Expense: 9044.0

Tax Info

  • Tax Annual Amount: 1844.0
  • Tax Book Number: 143.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Nov 9, 2021
Sold by
Brockman Terry J and Phan Phanavyn
Bought by
Hagenouw Jese and Hagenouw Katelyn
Seller's Agent
Jeri Stanfill
Success Property Brokers
Buyer's Agent
Steven Skarphol
HomeSmart
List Price
$690,000
Sold Price
$695,000
Premium/Discount to List
$5,000
0.72%
Current Estimated Value
$753,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,202
Avg. Annual Appreciation
2.29%
Original Mortgage
$521,250
Outstanding Balance
$478,296
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$280,422

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 30, 2018
Sold by
Bel Aire Townhomes 2 Llc
Bought by
Brockman Terry J and Phan Phanavyn
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Jeri Stanfill
Success Property Brokers
List Price
$495,000
Sold Price
$370,000
Premium/Discount to List
-$125,000
-25.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.47%
Original Mortgage
$377,955
Interest Rate
4.8%
Mortgage Type
VA

Purchase Details

Closed on
Apr 20, 2018
Sold by
Herrick Thomas C and Herrick Christina B
Bought by
Bel Aire Town Homes 2 Llc

Purchase Details

Closed on
Jul 28, 2017
Sold by
Bel Aire Townhomes 2 Llc
Bought by
Herrick Thomas C and Herrick Christina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,300
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2009
Sold by
Aurora Loan Services Llc
Bought by
Cossio Ana

Purchase Details

Closed on
Jul 20, 2009
Sold by
Aurora Loan Services Llc
Bought by
Sinton James and Sinton Laura

Purchase Details

Closed on
Oct 18, 2006
Sold by
Sage Tiger Management Llc
Bought by
Quintero Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2006
Sold by
Sage Tiger Management Llc
Bought by
Trevethan Daniel Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
Herrick Thomas C and Herrick Christina B
Bought by
Bel Aire Townhomes 2 Llc

Purchase Details

Closed on
May 12, 2004
Sold by
Mathew Johnson Jackie R
Bought by
Herrick Thomas C and Herrick Christina B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2003
Sold by
Garman Ralph S
Bought by
Johnson William J
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
Hagenouw Jese $695,000 First American Title Ins Co
Brockman Terry J $370,000 Phoenix Title Agency Llc
Bel Aire Town Homes 2 Llc -- None Available
Herrick Thomas C -- Title365
Cossio Ana $97,500 Lsi Title Agency
Sinton James $105,000 Lsi Title Agency
Quintero Sylvia $445,000 Chicago Title Insurance Co
Trevethan Daniel Mark $440,000 Chicago Title Insurance Co
Bel Aire Townhomes 2 Llc -- --
Herrick Thomas C $1,550,000 Chicago Title Insurance Co
Johnson William J $1,900,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hagenouw Jese $521,250
Previous Owner Brockman Terry J $377,955
Previous Owner Herrick Thomas C $155,300
Previous Owner Trevethan Daniel Mark $352,000
Previous Owner Herrick Thomas C $1,425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2021 12/02/21 Sold $695,000 +0.7% $166 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $690,000 +86.5% $165 / Sq Ft
12/05/2018 12/05/18 Sold $370,000 -25.3% $89 / Sq Ft View Prior Sale
10/24/2018 10/24/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $495,000 -- $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 $2,132 $15,372 -- --
2024 $1,880 $14,640 -- --
2023 $1,880 $49,160 $9,830 $39,330
2022 $1,868 $35,130 $7,020 $28,110
2021 $1,844 $31,600 $6,320 $25,280
2020 $1,862 $28,910 $5,780 $23,130
2019 $1,841 $22,610 $4,520 $18,090
2018 $1,772 $18,420 $3,680 $14,740
2017 $1,790 $15,160 $3,030 $12,130
2016 $1,688 $15,170 $3,030 $12,140
2015 $1,566 $16,720 $3,340 $13,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6316460

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-39-033