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Glendale 85308 Arrowhead Ranch
7822 W MCRAE Way
Photo of 7822 W MCRAE Way
Sold on Jun 20, 2025

19

Map

Photo of 7822 W MCRAE Way
Photo of 7822 W MCRAE Way
$392,000
● House - Off Market

7822 W MCRAE Way

Glendale, AZ 85308
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,264 Ft²
$2,236
Est. Monthly
$150
HOA / Fees
5.94%
Cap Rate

About This Property

This charming 3-bedroom, 2-bath home in the desirable Arrowhead Ranch Community offers both comfort and style. The home features brand new kitchen appliances, including a refrigerator, range/oven, and microwave, along with beautiful Corian countertops. The eat-in kitchen, complete with a charming bay window, provides a cozy spot for meals and adds to the home's appeal. French doors lead from both the master bedroom and living room to the finished backyard, which boasts a beautifully designed putting green - perfect for golf enthusiasts or relaxing outdoor activities. This home blends modern updates with functional design, making it a perfect place to embrace as home.
Unit Size
1,264 Ft²
Days on Market
71 days
Land Size
0.10 acres
Price per sqft
$316
Property Type
House
Property Taxes
$122
HOA Dues
$150
Year Built
1994

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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: 2 months ago (ARMLS #6846410)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
May 20, 2025 In contract -
In contract
Apr 30, 2025 Price Decreased $399,999
↓ $10K (2.4%)
Price Decreased
Apr 21, 2025 Price Decreased $410,000
↓ $10K (2.4%)
Price Decreased
Apr 4, 2025 Listed by Real Broker $420,000
Listed by Real Broker
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 1,264
  • Gross Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWHEAD RANCH AREA 12 AMD
  • Land Acres: 0000000103
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: ARROWHEAD RANCH AREA 12 AMD MCR 289-41

Neighborhood

  • School District Name: Deer Valley Unified District
  • Census Tract: 615700

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 28941
  • Parcel: 200-30-457
  • Lot: 112
  • Meridian: SEC 26 TWN 4N RNG 1E
  • Municipality: GLENDALE
  • Latitude: 33.6534
  • Longitude: -112.228

    Address

  • Full Address: 7822 W Mcrae Way
  • Address - House Number: 7822
  • Street Direction: W
  • Address - Street Name: Mcrae
  • Address - Suffix Type: Way
  • State: AZ
  • City Name: Glendale
  • Carrier Code: R021
  • 4-Digit Zip Code: 5923
  • Zip Code: 85308

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $144,730
  • Tax Rate Code Area: 970700

    Appraisal Valuation

  • Standard Deviation: 0.1484
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 398,583
  • High Value: 457,754
  • Low Value: 339,412

    Market Valuation

  • Market Total Value: $279,700
  • Market Land Value: $55,900
  • Market Improvement Value: $223,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,970
  • Assessed Land Value: $5,590
  • Assessed Improvements Value: $22,380

    Sales

  • Current Sale Contract Date: May 16, 2017
  • Current Sale Recording Date: Jun 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-0401223
  • Previous Sale Recording Date: Feb 03, 1995
  • Previous Sale Contract Date: Feb 02, 1995
  • Previous Sale Amount: $82,000
  • Previous Sale Document Type: 15
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

2317 ft²

Average Home Age

31.6 years

Currently For Sale

119 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 19511 N 83rd Lane, Peoria, AZ, 85382

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,495 ft²
19511 N 83rd Lane, Peoria, AZ, 85382 Listing by Cindy Dallas
Unit for rent at 19113 N 75th Drive, Glendale, AZ, 85308

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,670 ft²
19113 N 75th Drive, Glendale, AZ, 85308 Listing by Sabrina Watson

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Carin S Nguyen, Real Broker
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6846410
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 7822 West McRae Way built and last sold?
The property at 7822 West McRae Way was built in 1994 and last sold on May 16, 2017 for $224,900.
How much is this home worth?
The estimated value of the home located at 7822 West McRae Way is $0.
What are some comparable homes to 7822 West McRae Way?
There are currently no comparable homes to 7822 West McRae Way.
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