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Glendale 85308 Arrowhead Ranch
7331 W MORROW Drive
Photo of 7331 W MORROW Drive
Sold on Sep 9, 2014

17

Map

Photo of 7331 W MORROW Drive
Photo of 7331 W MORROW Drive
$210,500
● House - Off Market

7331 W MORROW Drive

Glendale, AZ 85308
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,818 Ft²
$465,078
RealtyHop Estimate
118.86%
Since Oct 1, 2014
AZ-Phoenix
Primary Model

About This Property

**NEW ROOF TO BE INSTALLED PRIOR TO COE**The following was done in July: Interior painting touch up, carpet replacement throughout, new blinds, new bath faucets, landscaping and a full interior clean** This fabulous home is situated on a corner lot and has an easy to maintain landscape in the front and back yards. You will only have 1 neighbor as the house backs to an elementary school! This 3 bedrooms, 2 bathrooms, and a den. This home is filled with a diagonal laid tile in the main kitchen and dining rooms, and carpet elsewhere. The kitchen is spacious and features an island while the dining room has a bay window. The master bathroom contains 2 sinks and separate tub and shower. **Sellers may consider a carry back with a minimum of $100k down payment** BUYER TO VERIFY ALL PERTINENT INFO
Unit Size
1,818 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$117
Property Type
House
Property Taxes
$136
HOA Dues
$150
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (ARMLS #5112611)

Price History

Date / Event Date Event Price
Aug 29, 2017 Sold
Premium
Sold
Sep 9, 2014 Sold
Premium
Sold
May 8, 2014 Listed by Reiss Realty $212,500
Listed by Reiss Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 8,998
  • Total Building Area: 1,818
  • Gross Building Area: 1,818
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWHEAD RANCH AREA 8 AMD
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: ARROWHEAD RANCH AREA 8 AMD MCR 282-44

Neighborhood

  • School District Name: Deer Valley Unified District
  • Census Tract: 615800

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 28244
  • Parcel: 200-34-167
  • Lot: 167
  • Meridian: SEC 25 TWN 4N RNG 1E
  • Municipality: GLENDALE
  • Latitude: 33.6543
  • Longitude: -112.217

    Address

  • Full Address: 7331 W Morrow Dr
  • Address - House Number: 7331
  • Street Direction: W
  • Address - Street Name: Morrow
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Glendale
  • Carrier Code: R007
  • 4-Digit Zip Code: 5848
  • Zip Code: 85308

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $192,064
  • Tax Rate Code Area: 970700

    Appraisal Valuation

  • Standard Deviation: 0.1453
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 497,660
  • High Value: 569,983
  • Low Value: 425,338

    Market Valuation

  • Market Total Value: $367,600
  • Market Land Value: $73,500
  • Market Improvement Value: $294,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,760
  • Assessed Land Value: $7,350
  • Assessed Improvements Value: $29,410

    Sales

  • Current Sale Contract Date: Jun 20, 2017
  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-0637139
  • Previous Sale Recording Date: Sep 09, 2014
  • Previous Sale Contract Date: Sep 05, 2014
  • Previous Sale Amount: $210,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cholla

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2320 ft²

Average Home Age

31.6 years

Currently For Sale

117 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 7922 W Ross Avenue, Peoria, AZ, 85382

$2,495 /mo

  • 4 Beds
  • 2 Baths
  • 2,136 ft²
7922 W Ross Avenue, Peoria, AZ, 85382 Listing by Mario Montoya
Unit for rent at 8750 W Grovers Avenue, Peoria, AZ, 85382

$1,745 /mo

  • 2 Beds
  • 2 Baths
  • 1,391 ft²
8750 W Grovers Avenue, Peoria, AZ, 85382 Listing by Ryan Brown
Unit for rent at 7540 W Marconi Avenue, Peoria, AZ, 85382

$2,990 /mo

  • 4 Beds
  • 3 Baths
  • 2,776 ft²
7540 W Marconi Avenue, Peoria, AZ, 85382 Listing by Achal Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Justin G Reiss, Reiss Realty
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 5112611
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 7331 West Morrow Drive built and last sold?
The property at 7331 West Morrow Drive was built in 1990 and last sold on Jun 20, 2017 for $245,000.
How much is this home worth?
The estimated value of the home located at 7331 West Morrow Drive is $0.
What are some comparable homes to 7331 West Morrow Drive?
There are currently no comparable homes to 7331 West Morrow Drive.
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