NOT LISTED FOR SALE

Estimated Value: $292,000 - $585,000

5 Beds
3 Baths
1,758 Sq Ft
$247/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $415,000 $236 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,366/month

36 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of October 2020

COMPLETELY remodeled Triplex located in the heart of Downtown Glendale. These were brought back to life with NEW WINDOWS, FLOORING, KITCHENS, ROOF, AC, TANK-LESS WATER HEATERS, BATHROOMS, PAINT AND APPLIANCES INCLUDED! There is 0 deferred maintenance, move in ready each featuring on site/inside laundry! These gems are perfect to live in the main house and collect rents in the back units or rent all 3! Located walking distance from Glendale Glitters, shopping, dining, elementary school and minutes away from HWY 101, Grand and much more! Cap rate potential upwards of 7.2%+.

Last Agent to Sell the Property

Lizbeth Vazquez

HomeSmart License #SA663190000 Listed on: 08/24/2020

HomeSmart

Last Buyer's Agent

Tim Esteban

HomeSmart License #SA660364000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $929

Year Built

  • Built in 1952

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for landscaping
  • The owner pays for electricity, trash collection, water, sewer
  • Legal Lot and Block 19 / 8
  • Assessor Parcel Number 146-08-048

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 50.9x139.87x50.19x139.87
  • Sugar Add Blks 7 12 & 16 Subdivision

Building Details

  • Operating Expense $9,329
  • Gross Income $40,826
  • Net Operating Income $30,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$929

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 54th and Glendale
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2019
  • Road Surface Type: Sidewalk(s), Alley
  • Subdivision Name: SUGAR ADD BLKS 7-12 & 16
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 50.9x139.87x50.19x139.87
  • Additional Parcels: No
  • Parcel #: 146-08-048

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Landscaping
  • Number Of Units Total: 3
  • Electric Expense: 5400.0
  • Annual Gross Income: 40826.25
  • Property Net Operating Income: 30990.0
  • Annual Operating Expense: 9329.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 929.0
  • Tax Block: 8
  • Tax Book Number: 146.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Oct 28, 2020
Sold by
Vv & R Investments Llc
Bought by
Beamon Ronnye Earl
Seller's Agent
Lizbeth Vazquez
HomeSmart
Buyer's Agent
Tim Esteban
HomeSmart
List Price
$429,825
Sold Price
$415,000
Premium/Discount to List
-$14,825
-3.45%
Current Estimated Value
$434,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,050
Avg. Annual Appreciation
0.88%
Original Mortgage
$380,036
Outstanding Balance
$338,178
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$95,872

Purchase Details

Closed on
Sep 28, 2018
Sold by
Ruyle Liliana
Bought by
Vv & R Investments Llc

Purchase Details

Closed on
Aug 29, 2018
Sold by
Ruyle Richard
Bought by
Ruyle Liliana

Purchase Details

Closed on
Aug 21, 2018
Sold by
Hidalgo Tomas
Bought by
Ruyle Liliana

Purchase Details

Closed on
Jul 11, 2018
Sold by
Hernandez Sonya L
Bought by
Hidalgo Tomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2018
Sold by
Hernandez Richard H and Hernandez Delia H
Bought by
Pleasant View Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2000
Sold by
Dominguez Pascual F
Bought by
Hernandez Richard H and Hernandez Delia H
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

Date Buyer Sale Price Title Company
Beamon Ronnye Earl $415,000 Driggs Title Agency Inc
Vv & R Investments Llc -- None Available
Ruyle Liliana -- None Available
Ruyle Liliana $92,000 First American Title Insuran
Hidalgo Tomas -- None Available
Hidalgo Tomas -- None Available
Pleasant View Partners Llc -- None Available
Hernandez Richard H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beamon Ronnye Earl $380,036
Previous Owner Pleasant View Partners Llc $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $415,000 -3.4% $236 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $429,825 0.0% $244 / Sq Ft
09/16/2020 09/16/20 Price Changed $429,825 +3.6% $244 / Sq Ft
09/14/2020 09/14/20 Off Market $415,000 -- --
08/24/2020 08/24/20 For Sale $449,000 -- $255 / 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 $1,076 $7,757 -- --
2024 $949 $7,387 -- --
2023 $949 $20,450 $4,090 $16,360
2022 $943 $13,220 $2,640 $10,580
2021 $931 $11,610 $2,320 $9,290
2020 $939 $9,120 $1,820 $7,300
2019 $929 $8,070 $1,610 $6,460
2018 $894 $6,850 $1,370 $5,480
2017 $903 $6,460 $1,290 $5,170
2016 $852 $7,060 $1,410 $5,650
2015 $790 $7,530 $1,500 $6,030
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6121990

Arizona Regional Multiple Listing Service (ARMLS)

APN: 146-08-048