4701 N 68th St #235 · Scottsdale, AZ 85251

$294,500

2 bd · 2.0 ba · 1,120 sqft · Condo public records · 92 Days on market

Built 1964 $263/sqft · 7% below area Est $318k · 7% under $450/mo HOA · 15% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.8/30.0
• ARV discount +10.8/15.0
• 1% rule +5.0/10.0
• DSCR +4.9/10.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready 2-bedroom, 2-bath townhouse in the heart of Scottsdale! This semi-upgraded home features new countertops, new flooring, and updated fixtures throughout. Ideally located just walking distance from Scottsdale Fashion Square, some of the best restaurants in the Valley, vibrant nightlife, and endless entertainment. Surrounded by world-class golf courses and luxury resorts, this location offers the perfect blend of convenience and lifestyle. A fantastic opportunity to own in one of Scottsdale's most desirable areas!

Key facts

• New flooring
• New countertops
• Updated fixtures

Tags

• NEW COUNTERTOPS
• NEW FLOORING
• UPDATED FIXTURES
• WORLD-CLASS GOLF COURSES
• LUXURY RESORTS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $294k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $294k).
• Recommended offer: $268k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 2.5% in Scottsdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#4 in AZ, #1,756 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, cost of living F.
• Scottsdale Unified District (4240) (urban): math 53% / reading 55% proficiency, ranked #30 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.6%/yr); 582 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• This rent runs 38% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($268k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $267,995 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.00% ✓
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 8.3

CMA / ARV

• ARV (median comp): $317,549
• List price: $294,500
• Delta: -7.26%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-47,644
• Equity at exit: $43,911

10-year hold

• IRR: -16.0%
• Equity multiple: 0.23×
• Total profit: $-63,240
• Equity at exit: $25,463

Cash invested: $82,460 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85251

• Rents YoY: -1.6%
• Active inventory: 582
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,945 high
• Mortgage (P&I): −$1,544
• Tax from tax record: −$75 /mo · $903/yr
• Insurance: −$123
• HOA: −$450
• Vacancy / Maint / Mgmt: −$619
• Net cashflow: $135

Break-even live

Break-even rent $2,775

Max offer price $294,500

Occupancy floor 90%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $73,625
• Closing costs: $8,835
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	17d	5	0.01mi
4701 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1079	$3,000	$2.78	24d	4	0.01mi
4620 N 68th St Unit 1558641P Scottsdale, AZ	2.0	1.5	968	$2,323	$2.40	13d	1	0.06mi
4630 N 68th St Scottsdale, AZ	2.0	1.5	986	$2,650	$2.69	43d	2	0.11mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,525	$2.52	14d	4	0.11mi
4630 N 68th St Scottsdale, AZ	2.0	1.5–2.0	1003	$2,500	$2.49	14d	5	0.11mi
4630 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	861	$3,200	$3.72	13d	5	0.11mi
4600 N 68th St Unit 1558683P Scottsdale, AZ	2.0	1.5	979	$1,997	$2.04	5d	1	0.12mi
4600 N 68th St Unit 1558658P Scottsdale, AZ	2.0	1.5	979	$2,044	$2.09	12d	1	0.12mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	10d	3	0.12mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	843	$6,000	$7.11	43d	4	0.12mi
4600 N 68th St Scottsdale, AZ	1.0–2.0	1.0–1.5	844	$6,000	$7.11	24d	4	0.12mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1124	$5,500	$4.89	2d	5	0.13mi
4800 N 68th St Scottsdale, AZ	1.0–2.0	1.0–2.0	1098	$3,500	$3.19	43d	2	0.13mi
4610 N 68th St Scottsdale, AZ	2.0	1.5	986	$4,118	$4.18	2d	2	0.13mi
4610 N 68th St Scottsdale, AZ	2.0–3.0	1.5–2.0	1136	$1,900	$1.67	24d	3	0.13mi
4610 N 68th St #479 Scottsdale, AZ	2.0	1.5	986	$6,500	$6.59	43d	1	0.17mi
4610 N 68th St Unit 1558642P Scottsdale, AZ	2.0	2.0	1097	$2,014	$1.84	2d	1	0.17mi
4525 N 66th St #38 Scottsdale, AZ	2.0	2.0	1246	$6,000	$4.82	43d	1	0.27mi
6895 E Camelback Rd Scottsdale, AZ	3.0	1.0–3.0	1279	$5,294	$4.14	1d	59	0.28mi
7117 E Rancho Vista Dr #5007 Scottsdale, AZ	2.0	2.0	1310	$3,600	$2.75	19d	1	0.29mi
7117 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1066	$3,699	$3.47	43d	1	0.29mi
7117 E Rancho Vista Dr #3003 Scottsdale, AZ	1.0	1.0	889	$2,695	$3.03	18d	1	0.29mi
7121 E Rancho Vista Dr #2001 Scottsdale, AZ	2.0	2.0	1327	$3,800	$2.86	4d	1	0.31mi
7121 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	956	$1,900	$1.99	18d	1	0.31mi
7121 E Rancho Vista Dr Scottsdale, AZ	2.0	2.0	1329	$3,495	$2.63	7d	1	0.31mi
7121 E Rancho Vista Dr Scottsdale, AZ	2.0	1.0	1408	$4,700	$3.34	43d	1	0.31mi
4848 N Goldwater Blvd Scottsdale, AZ	1.0–2.0	1.0–2.0	916	$2,829	$3.09	1d	39	0.32mi
7131 E Rancho Vista Dr #5002 Scottsdale, AZ	2.0	2.0	1062	$2,999	$2.82	43d	1	0.34mi
7131 E Rancho Vista Dr #6001 Scottsdale, AZ	2.0	2.0	1327	$2,995	$2.26	3d	1	0.34mi
7131 E Rancho Vista Dr #6010 Scottsdale, AZ	2.0	2.0	1310	$5,900	$4.50	43d	1	0.34mi
7131 E Rancho Vista Dr #5001 Scottsdale, AZ	2.0	2.0	1327	$7,995	$6.02	43d	1	0.34mi
7131 E Rancho Vista Dr #6001 Scottsdale, AZ	2.0	2.0	1327	$2,995	$2.26	4d	1	0.34mi
7131 E Rancho Vista Dr #4005 Scottsdale, AZ	2.0	2.0	1327	$3,895	$2.94	7d	1	0.34mi
7131 E Rancho Vista Dr Scottsdale, AZ	2.0	2.0	1327	$3,995	$3.01	43d	1	0.34mi
7137 E Rancho Vista Dr #2004 Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	5d	1	0.35mi
7137 E Rancho Vista Dr #2009 Scottsdale, AZ	1.0	1.5	952	$2,850	$2.99	20d	1	0.35mi
7137 E Rancho Vista Dr Scottsdale, AZ	2.0	2.0	1097	$3,195	$2.91	2d	1	0.35mi
7137 E Rancho Vista Dr #4001 Scottsdale, AZ	2.0	2.0	1337	$4,000	$2.99	19d	1	0.35mi
7137 E Rancho Vista Dr #3012 Scottsdale, AZ	1.0	1.5	1198	$5,850	$4.88	24d	1	0.35mi

HOA detail condo

• Monthly dues: $450 · $5,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $294,500 Active 92 DOM
2. 2026-06-17
   days on market $294,500 Active 91 DOM
3. 2026-06-16
   days on market $294,500 Active 90 DOM
4. 2026-06-15
   days on market $294,500 Active 89 DOM
5. 2026-06-13
   days on market $294,500 Active 87 DOM
6. 2026-06-13
   days on market $294,500 Active 86 DOM
7. 2026-06-09
   days on market $294,500 Active 83 DOM
8. 2026-06-08
   days on market $294,500 Active 82 DOM
9. 2026-06-07
   days on market $294,500 Active 81 DOM
10. 2026-06-04
    days on market $294,500 Active 78 DOM
11. 2026-06-03
    days on market $294,500 Active 77 DOM
12. 2026-06-02
    days on market $294,500 Active 76 DOM
13. 2026-06-01
    days on market $294,500 Active 75 DOM
14. 2026-05-31
    days on market $294,500 Active 74 DOM
15. 2026-05-01
    price $294,500 530-char remark

    Show marketing remark (530 chars)

    Move-in ready 2-bedroom, 2-bath townhouse in the heart of Scottsdale! This semi-upgraded home features new countertops, new flooring, and updated fixtures throughout. Ideally located just walking distance from Scottsdale Fashion Square, some of the best restaurants in the Valley, vibrant nightlife, and endless entertainment. Surrounded by world-class golf courses and luxury resorts, this location offers the perfect blend of convenience and lifestyle. A fantastic opportunity to own in one of Scottsdale's most desirable areas!

16. 2026-04-23
    price $295,000 530-char remark

    Show marketing remark (530 chars)

    Move-in ready 2-bedroom, 2-bath townhouse in the heart of Scottsdale! This semi-upgraded home features new countertops, new flooring, and updated fixtures throughout. Ideally located just walking distance from Scottsdale Fashion Square, some of the best restaurants in the Valley, vibrant nightlife, and endless entertainment. Surrounded by world-class golf courses and luxury resorts, this location offers the perfect blend of convenience and lifestyle. A fantastic opportunity to own in one of Scottsdale's most desirable areas!

17. 2026-03-18
    listed $299,900 Active 530-char remark

    Show marketing remark (530 chars)

    Move-in ready 2-bedroom, 2-bath townhouse in the heart of Scottsdale! This semi-upgraded home features new countertops, new flooring, and updated fixtures throughout. Ideally located just walking distance from Scottsdale Fashion Square, some of the best restaurants in the Valley, vibrant nightlife, and endless entertainment. Surrounded by world-class golf courses and luxury resorts, this location offers the perfect blend of convenience and lifestyle. A fantastic opportunity to own in one of Scottsdale's most desirable areas!

18. 2025-04-01
    price $334,500
19. 2025-04-01
    historical
20. 2025-01-10
    price $336,500
21. 2024-12-05
    price $346,500
22. 2024-10-25
    price $347,500
23. 2024-09-23
    price $349,900
24. 2024-09-05
    price $355,000
25. 2024-08-15
    listed $360,000 Active
26. 2023-10-25
    historical
27. 2023-08-01
    listed $349,000 Active
28. 2023-07-12
    price $350,000
29. 2023-03-01
    status Active
30. 2023-03-01
    price $385,000
31. 2023-02-27
    historical Under Contract Accepting Backups
32. 2023-01-02
    status Active
33. 2022-12-30
    historical Under Contract Accepting Backups
34. 2022-12-29
    price $340,000
35. 2022-12-29
    status Active
36. 2022-12-01
    status Pending
37. 2022-12-01
    historical
38. 2022-11-15
    historical Under Contract Accepting Backups
39. 2022-11-06
    price $332,500
40. 2022-10-21
    price $345,000
41. 2022-10-14
    status Active
42. 2022-10-04
    historical Under Contract Accepting Backups
43. 2022-09-18
    price $355,000
44. 2022-09-01
    price $365,000
45. 2022-08-23
    price $374,900
46. 2022-08-11
    listed $379,900 Active
47. 2022-07-12
    soldstatus $300,000 Closed
48. 2022-07-12
    soldstatus $300,000
49. 2022-07-05
    historical Under Contract Accepting Backups
50. 2022-07-01
    status Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $903 · $75/mo
• Projected year-2 tax: $1,944 · $162/mo
• Expected delta: +$1,041/yr (+$87/mo · 115.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,345
• − Mortgage interest: −$16,497
• − Property taxes: −$903
• − Insurance: −$1,472
• − Repairs & maintenance: −$2,828
• − Management: −$2,828
• − HOA: −$5,400
• − Depreciation: −$8,567
• Taxable loss: −$3,150
• Est. tax savings @ 24.0%: +$756
• After-tax cash flow: $2,370/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Scottsdale Unified District (4240)
• NCES district ID: 0407570
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 55% ▼ -8.00%
• Median HH income: $70,139
• Composite: 48.02/100
• National rank: #2196
• State rank: #30 of 249 in AZ

Livability — Scottsdale

• Score: 80/100
• State rank: #4
• US rank: #1756

Category grades

Amenities A+ Commute A+ Cost of living F Crime B+ Employment A+ Housing A- Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scottsdale, AZ
• County: Maricopa County · 4,537,380 people
• City population: 290,846
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 40,780
• Household income: $92,851
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 2259.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 10% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 5% Romanian 3% Portuguese 3%
• Foreign-born: 9% · Canada
• Languages at home: 88% English-only · Spanish 7% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -672.80%
• Current HPI: 372.433
• Rent YoY: ▼ -1.58%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+823.2% since first listed

50 events — show timeline

• 2026-05-01 Price Changed $294,500 ARMLS
• 2026-04-23 Price Changed $295,000 ARMLS
• 2026-03-18 Listed $299,900 ARMLS
• 2025-04-01 Price Changed $334,500 ARMLS
• 2025-04-01 Listing Removed — ARMLS
• 2025-01-10 Price Changed $336,500 ARMLS
• 2024-12-05 Price Changed $346,500 ARMLS
• 2024-10-25 Price Changed $347,500 ARMLS
• 2024-09-23 Price Changed $349,900 ARMLS
• 2024-09-05 Price Changed $355,000 ARMLS
• 2024-08-15 Listed $360,000 ARMLS
• 2023-10-25 Listing Removed — ARMLS
• 2023-08-01 Listed $349,000 ARMLS
• 2023-07-12 Price Changed $350,000 ARMLS
• 2023-03-01 Relisted — ARMLS
• 2023-03-01 Price Changed $385,000 ARMLS
• 2023-02-27 Contingent — ARMLS
• 2023-01-02 Relisted — ARMLS
• 2022-12-30 Contingent — ARMLS
• 2022-12-29 Price Changed $340,000 ARMLS
• 2022-12-29 Relisted — ARMLS
• 2022-12-01 Pending — ARMLS
• 2022-12-01 Listing Removed — ARMLS
• 2022-11-15 Contingent — ARMLS
• 2022-11-06 Price Changed $332,500 ARMLS
• 2022-10-21 Price Changed $345,000 ARMLS
• 2022-10-14 Relisted — ARMLS
• 2022-10-04 Contingent — ARMLS
• 2022-09-18 Price Changed $355,000 ARMLS
• 2022-09-01 Price Changed $365,000 ARMLS
• 2022-08-23 Price Changed $374,900 ARMLS
• 2022-08-11 Listed $379,900 ARMLS
• 2022-07-12 Sold (Public Records) $300,000 Public Records
• 2022-07-12 Sold (MLS) $300,000 ARMLS
• 2022-07-05 Contingent — ARMLS
• 2022-07-01 Relisted — ARMLS
• 2022-06-30 Sold (Public Records) $328,500 Public Records
• 2022-06-30 Contingent — ARMLS
• 2022-06-08 Price Changed $359,000 ARMLS
• 2022-06-02 Listed $384,000 ARMLS
• 2021-12-29 Sold (MLS) $327,500 ARMLS
• 2021-12-23 Pending — ARMLS
• 2021-12-21 Contingent — ARMLS
• 2021-12-14 Listed $275,000 ARMLS
• 2007-06-30 Listing Removed — ARMLS
• 2006-12-29 Listed $239,500 ARMLS
• 2006-06-29 Listing Removed — ARMLS
• 2006-05-04 Listed $264,500 ARMLS
• 1978-08-31 Sold (Public Records) $41,600 Public Records
• 1977-06-13 Sold (Public Records) $31,900 Public Records

Property tax history

+0.0%/yr

Latest (2025): $903 · +4.4% YoY. Source: county tax records.