NOT LISTED FOR SALE

1016 N 359th Ave Unit 89 Tonopah, AZ 85354

Estimated Value: $94,127 - $257,000

2.04 Acres
$86,061 Price per Acre
88,862 Sq Ft Lot

Last Sold May 14, 2024

Last sale price $97,500

Est. 80% increase in value since last sale

Current estimated payment $928/month

3 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Wood Fence
  • Corner Lot

About This Lot

As of May 2024

This is 2 full acres with some buildings and a trailer on it. The property is being sold as land only. Any real property or chattel on the land is included with the sale. Selling entity is managed by an Arizona realtor. Any property on the property is sold as is, where is. without warranties and no repairs will be made by seller. Property may possibly qualify for FHA 203K renovation loan, however, seller has not set foot on the property and can not say if this is doable. Please do your own due diligence as seller has not set foot on the property and all photos were taken from the street and from the air. Also take responsibility for your own well being as seller has no idea of the condition of the buildings etc. You should be able to check with APS for power. Power lines are on the street. For water, you should be able to dig a well or receive water deliveries. It is a corner lot. The land may be split into 2 lots as it is 2.04 acres and zoned R-43. There may be a septic tank on the property since the buildings were permitted, but seller cannot confirm whether there is or not. Property has fence and nice mountain views. There is construction going on in the area. Tonopah is a new hot spot which may be near freeways going from Nogales to Las Vegas... Nearby is Bill Gates' 25,000 acres, proposed to build a new 'Smart City', with many homes, residents, and a lot of development. The county assessor has the assessed value of the land at $69,400 for tax year 2024.
I tend to see vacant land at 1.5 X the assessed value so seller guesses the land alone is worth $105,000.
However, the county has the assessed value of the buildings at $29,071 so presumes the buildings could be worth $45,000 additional. However, the seller is selling the property for the land only and posts it at $102,000, less than the value of the land and anything the building is worth is sold in AS IS condition.

Property taxes have ranged from only $78 to $109 per year for the past 10 years!
Owner is asking for $102,000 cash or will do seller carry back with the following terms.
$40,000 minimum down payment.
Owner is willing to carry the balance at 12% interest. Payments to be negotiated.
Please be willing to show proof of funds if requested before asking seller to write a contract.

Property was obtained by Treasurer's Deed and will be sold via Special Warranty deed.
Depending on amount of monthly payments, balloon payment may be required after some time.
Seller urges buyer to request Pioneer Title, who can insure property acquired by Treasurer's deed.

Last Agent to Sell the Property

Marvin Flyer

JK Realty License #SA513687000 Listed on: 04/21/2024

JK Realty

Last Buyer's Agent

Mehfer Momtazzadeh

Keller Williams, Professional Partners License #SA652894000

Keller Williams, Professional Partners

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $109

Lot Details

  • 2.04 Acre Lot
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Property is zoned R43

Property Views

  • Mountain Views

Community Details

  • No Home Owners Association
  • Valley View Ranchettes 2 Subdivision

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 506-40-123

Property Details

Property Type

Land

Est. Annual Taxes

$109

Lot Details

0

Listing Details

  • Cross Street: 359th Ave & Roosevelt
  • Legal Info Range: 6W
  • Property Type: Land
  • Topography: Level
  • Zoning: R43
  • Tax Year: 2023
  • Lot Size Acres: 2.04
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: VALLEY VIEW RANCHETTES 2
  • View:Mountain View(s): Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Mobile/Mgf Hme/RV's, Ranch, Rural

Exterior Features

  • Fencing: Wood
  • Lot Features: Corner Lot
  • View: Mountain(s)
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: See Remarks

Utilities

  • Electric: APS
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Saddle Mountain Unified School District

Lot Info

  • Lot Size: 291' X 289' X 283' X 277'
  • Lot Size Sq Ft: 88849.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 506-40-123
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 109.0
  • Tax Book Number: 506.00
  • Tax Lot: 89
  • Tax Map Number: 40.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2024
Closed on
May 14, 2024
Sold by
This Great Investment Llc
Bought by
Salazar Vanessa R
Seller's Agent
Marvin Flyer
JK Realty
Buyer's Agent
Mehfer Momtazzadeh
Keller Williams, Professional Partners
List Price
$102,000
Sold Price
$97,500
Premium/Discount to List
-$4,500
-4.41%
Current Estimated Value
$175,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,064
Avg. Annual Appreciation
49.61%

Purchase Details

Listed on
Apr 21, 2024
Closed on
Apr 17, 2024
Sold by
Chief Deputy Treasurer Of Maricopa Count
Bought by
This Great Investment Llc
Seller's Agent
Marvin Flyer
JK Realty
Buyer's Agent
Mehfer Momtazzadeh
Keller Williams, Professional Partners
List Price
$102,000
Sold Price
$97,500
Premium/Discount to List
-$4,500
-4.41%

Purchase Details

Closed on
Oct 11, 1996
Sold by
Harris H Darrell and Harris Alta M
Bought by
Ghormley Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,500
Interest Rate
8.11%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Salazar Vanessa R $97,500 Pioneer Title Agency
This Great Investment Llc -- None Listed On Document
Ghormley Michael A $19,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ghormley Michael A $18,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2024 05/14/24 Sold $97,500 -4.4% --
04/25/2024 04/25/24 Pending -- -- --
04/21/2024 04/21/24 For Sale $102,000 -- --
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 $121 $1,891 -- --
2024 $109 $1,801 -- --
2023 $109 $12,090 $8,325 $3,765
2022 $109 $8,430 $5,055 $3,375
2021 $103 $7,965 $4,605 $3,360
2020 $99 $7,305 $3,885 $3,420
2019 $91 $7,350 $3,975 $3,375
2018 $88 $3,465 $3,285 $180
2017 $86 $1,545 $1,425 $120
2016 $81 $4,750 $950 $3,800
2015 $83 $4,750 $950 $3,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6694814

Arizona Regional Multiple Listing Service (ARMLS)

APN: 506-40-123