NOT LISTED FOR SALE

1023 E White Mountain Blvd Pine Top, AZ 85935

Estimated Value: $2,627,616

Studio
-- Bath
12,202 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $2,375,000 $195 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,502/month

50 Days on Market

About This Home

As of June 2023

* Quaint Pinetop Hotel Available for Sale
* Recently Remodeled with High End Finishes
* Four Seasons Hotel Centrally Located in Pinetop
* Located Within the Heart of the White Mountains
* Close Proximity to Hunting, Fishing, Camping and Skiing, Including the Winter Sports Complex just 30 Miles East
* 25 rooms, playground & barbecue areas
* Seller carry available

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 03/14/2023

Last Buyer's Agent

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 03/14/2023

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,476

Year Built

  • Built in 1973

Lot Details

  • 1.05 Acre Lot

Home Design

  • 12,202 Sq Ft Home

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot C-19
  • Assessor Parcel Number 311-29-033

Community Details

Overview

  • Pinetop Hills Unit 1 Subdivision

Building Details

  • Operating Expense $168,739
  • Gross Income $248,834
  • Net Operating Income $167,000

Property Details

Property Type

Other

Est. Annual Taxes

$9,476

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Hwy 260 & E Woodland Lake Rd
  • Property Type: Comm/Industry Sale
  • Zoning: C
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1973
  • Tax Year: 2022
  • Lot Size Acres: 1.05
  • Professional Management Expense: 18000.0
  • Subdivision Name: PINETOP HILLS UNIT 1
  • Structure Type: Other (See Remarks), Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 12202.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking Features Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 45738.0
  • Parcel #: 311-29-033
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 248834.37
  • Insurance Expense: 2296.73
  • Property Net Operating Income: 167000.0
  • Annual Operating Expense: 168739.08

Tax Info

  • Tax Annual Amount: 9476.0
  • Tax Book Number: 311.00
  • Tax Lot: C-19
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Jun 14, 2023
Sold by
Sj Squared Holdings Llc
Bought by
Nook Pinetop 1 Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$2,750,000
Sold Price
$2,375,000
Premium/Discount to List
-$375,000
-13.64%
Views
91
Current Estimated Value
$2,627,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,616
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,625,000
Outstanding Balance
$1,581,547
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$1,046,069

Purchase Details

Listed on
Aug 4, 2021
Closed on
Oct 4, 2021
Sold by
Trenary Lumberjack Holdings Llc
Bought by
Sj Squared Holdings Llc
Seller's Agent
Casey Thompson
RETSY
Buyer's Agent
Casey Thompson
RETSY
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.83%
Original Mortgage
$200,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2015
Sold by
Shree Hanuman Llc
Bought by
Trenary Lumberjack Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2007
Sold by
Mountain Hacienda Lodge Llc
Bought by
Bhakta Pramodkumar R and Bhakta Hemlataben P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2005
Sold by
Maciszewski Zbigniew J and Maciszewski Dorota
Bought by
Mountain Hacienda Lodge Llc

Purchase Details

Closed on
Jan 20, 2005
Sold by
Wojcik Jerzy and Wojcik Margaret
Bought by
Maciszewski Zhigniew J and Maciszewski Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Nook Pinetop 1 Llc $2,375,000 Commonwealth Land Title
Sj Squared Holdings Llc $1,000,000 Pioneer Title Agency Inc
Trenary Lumberjack Holdings Llc $550,000 Pioneer Title Agency Inc
Shree Hanuman Llc -- Pioneer Title Agency
Bhakta Pramodkumar R $600,000 Landamerica Transnation Titl
Mountain Hacienda Lodge Llc -- Transnation Title
Maciszewski Zhigniew J $620,000 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nook Pinetop 1 Llc $1,625,000
Previous Owner Sj Squared Holdings Llc $200,000
Previous Owner Trenary Lumberjack Holdings Llc $435,000
Previous Owner Bhakta Pramodkumar R $450,000
Previous Owner Maciszewski Zhigniew J $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2023 06/14/23 Sold $2,375,000 -5.0% $195 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $2,500,000 -9.1% $205 / Sq Ft
03/14/2023 03/14/23 For Sale $2,750,000 +175.0% $225 / Sq Ft
10/06/2021 10/06/21 Sold $1,000,000 0.0% $82 / Sq Ft View Prior Sale
09/10/2021 09/10/21 Price Changed $1,000,000 -4.8% $82 / Sq Ft
09/03/2021 09/03/21 Price Changed $1,050,000 +5.0% $86 / Sq Ft
08/04/2021 08/04/21 For Sale $1,000,000 -- $82 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2026 $10,288 -- -- --
2025 $10,145 $149,620 $35,566 $114,054
2024 $9,476 $131,820 $35,566 $96,254
2023 $10,145 $105,629 $29,638 $75,991
2022 $9,476 $0 $0 $0
2021 $10,599 $0 $0 $0
2020 $10,332 $0 $0 $0
2019 $10,365 $0 $0 $0
2018 $9,993 $0 $0 $0
2017 $9,576 $0 $0 $0
2016 $8,890 $0 $0 $0
2015 $8,347 $77,621 $34,268 $43,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6531368

Arizona Regional Multiple Listing Service (ARMLS)

APN: 311-29-033