NOT LISTED FOR SALE

8315 N 61st Ave Glendale, AZ 85302

Glendale Area

Estimated Value: $449,787 - $772,000

8 Beds
4 Baths
815 Sq Ft
$741/Sq Ft Est. Value

Sale Details

Date Sold: June 5, 2012

Last sale price $150,000 $184 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $3,408 / mo

26 Days on Market

About This Home

As of June 2012

Fully remodeled units in great shape. Great return on this FULLY RENTED 4Plex. Very large property at 3,255 total SqFt. The income/expense numbers in this listing are accurate. Assuming 5% vacancy this property will produce a 12% cap rate! **Do not disturb tenants** Full walk-through and inspection to be done during Buyer inspection period.

Last Agent to Sell the Property

Casey Block

TPH Zerodown Brokerage License #BR562410000 Listed on: 04/10/2012

Last Buyer's Agent

Edgar Rascon Payan

Keller Williams Realty Sonoran Living License #SA568850000

Keller Williams Realty Sonoran Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,324

Home Design

  • Brick Exterior Construction
  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Painted or Stained Flooring
  • Vinyl

Schools

  • Glendale Landmark Middle Elementary School
  • Glendale High School

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,196 per year Dock Fee
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

10,324 Sq Ft Lot

Listing Details

  • Tax Municipality: Glendale
  • Appliances Included: F/S Oven/Range, Refrigerator
  • Construction Finish: Brick Trim/Veneer, Painted
  • Cross Street: 61st Ave/Olive
  • Floors: Vinyl
  • Legal Info Lot Number: 3
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: Teresa Estates
  • Marketing Name: Teresa Estates
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 4.00
  • Map Code Grid: M32
  • Year Built: 1973
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: 1 Space/Unit, Carport
  • Total Parking Spaces: 8.00
  • Covered Parking Spaces: 4.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump

Condo/Co-op/Association

  • Community Amenities: No Pool

Schools

  • Elementary School: Glendale Landmark Middle School
  • High School: Glendale High School
  • Junior High School: Glendale American School

Lot Info

  • Lot Size: IRR

Multi Family

  • Income And Expenses Adjusted Gross Inc: 22800.00
  • Income And Expenses Annual Elec Exp: 3600.00
  • Income And Expenses Annual Ins Exp: 500.00
  • Income And Expenses Annual Other Expense: 1000.00
  • Income And Expenses Gross Annual Sch Inc: 24000.00
  • Income And Expenses Net Operating Income: 17700.00
  • Income And Expenses Operating Exp: 6296.00
  • Income And Expenses Totl Mnth Rntal Inc: 2000.00
  • Income And Expenses Vacancy Allowance: 0.05
  • Number Of Two Bedroom Units: 4
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 4.00
  • Two Bedroom Units Avg Rent: 500.00
  • Two Bedroom Units Avg Sq Ft: 815
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 1196.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2012
Closed on
May 18, 2012
Sold by
Bought by
Seller's Agent
Casey Block
TPH Zerodown Brokerage
Buyer's Agent
Edgar Rascon Payan
Keller Williams Realty Sonoran Living
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Current Estimated Value
$603,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,947
Avg. Annual Appreciation
10.34%

Purchase Details

Closed on
Mar 11, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,920
Interest Rate
0.0337%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 24, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0564%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0564%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,850
Interest Rate
0.0711%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 Magnus Title Agency
$81,800 None Available
-- Accommodation
$324,900 Dhi Title Of Arizona Inc
-- First Financial Title Agency
-- First Financial Title Agency
$142,500 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $259,920
Previous Owner $112,000
Previous Owner $106,850
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/05/2012 06/05/12 Sold $150,000 -6.2% $184 / Sq Ft
05/06/2012 05/06/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $159,900 -- $196 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,416 $10,207
2024 $1,248 $9,721
2023 $1,248 $41,730 $8,340 $33,390
2022 $1,240 $24,680 $4,930 $19,750
2021 $1,225 $23,670 $4,730 $18,940
2020 $1,236 $20,620 $4,120 $16,500
2019 $1,223 $16,530 $3,300 $13,230
2018 $1,176 $16,000 $3,200 $12,800
2017 $1,189 $14,270 $2,850 $11,420
2016 $1,120 $13,860 $2,770 $11,090
2015 $1,040 $11,850 $2,370 $9,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4742352

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-14-026

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