$686,000
SOLD APR 16, 2025
8 Beds
4 Baths
3,498 Sq Ft
0.25 Acres

Recently Sold

$196 Per Sq Ft

1% Below List Price

24 Days on Market

Highlights

  • Patio
  • Ceiling Fan
  • Carpet
  • Landscaped
  • South Facing Home

About This Home

As of April 2025

Turnkey 4-plex investment opportunity for this single level multi family unit in the heart of Cottonwood. Fully rented 4-plex offers steady rental income with a strong cash flow and long term potential. Each of the four single level units feature 2 bedrooms, 1 bathroom, private fenced backyard and are currently leased/leasing for $1,350-$1450 per month. Prime Cottonwood location close to shopping, dining, schools and outdoor recreation. This is a solid investment in a growing market with strong rental demand.

Last Agent to Sell the Property

Rick Wesselhoff

Coldwell Banker Realty License #BR529981000 Listed on: 02/10/2025

Coldwell Banker Realty

Co-Listed By

Karen Dunlap

Coldwell Banker Realty License #BR007987000

Last Buyer's Agent

Chad McMahan

Realty One Group Mountain Dese License #SA637448000

Realty One Group Mountain Dese

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • South Facing Home
  • Back Yard Fenced
  • Landscaped

Parking

  • Off-Street Parking

Home Design

  • Rolled or Hot Mop Roof
  • Block And Beam Construction
  • Stucco

Interior Spaces

  • 3,498 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • Refrigerated Cooling System
  • Separate Meters
  • Underground Utilities
  • Master Meter
  • Natural Gas Water Heater
  • Phone Available

Community Details

  • Five Star Hgt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40606227

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,286

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cooling: Refrigeration/Centrl
  • External Amenities: Fenced Backyard, Landscape, Patio/Deck
  • Floors: Carpet, Sheet Vinyl
  • Internal Amenities: Ceiling Fan, Dishwasher, Fire/Smoke Alarm, Refrigerator
  • Roof Materials: Rolled/Hot Mop
  • Property Sub Type: Multi-Family
  • Assessor Parcel Number: 40606227
  • Bathrooms: Interior
  • Business Type: 4 Plex
  • Type Of Building: 2 - 4 Units
  • Amount of Taxes: 1286.00
  • Lot Acreage: 0.25
  • Year Built: 1973
  • House Faces: S
  • Directions: W on 89A to S. 12th street in cottonwood, Left on E Marauder Dr.to left on S 13th Street. Property is on the corner.
  • Special Features: None

Interior Features

  • Basement YN: No
  • Total Sq Ft: 3498.00
  • Construction: Block, Stucco
  • Parking: Off Street
  • Property Type: Multi-Family
  • Road Access: City, Paved
  • Road Maintenance: City Maintained
  • Water Heater: Natural Gas
  • Subdivision: Five Star Hgt
  • Management: Management Company
  • Utilities Available: Electricity, Individual Meter, Main Meter, Natural Gas, Sewer (City), Telephone, Underground

Tax Info

  • Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 9, 2025
Sold by
Shank You Llc
Bought by
Hong Nuong
Seller's Agent
Rick Wesselhoff
Coldwell Banker Realty
Buyer's Agent
Chad McMahan
Realty One Group Mountain Dese
List Price
$690,000
Sold Price
$686,000
Premium/Discount to List
-$4,000
-0.58%
Views
2
Current Estimated Value
$705,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,820
Avg. Annual Appreciation
7.19%
Original Mortgage
$514,500
Outstanding Balance
$513,132
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$192,688

Purchase Details

Listed on
Dec 27, 2020
Closed on
Jan 19, 2021
Sold by
Loomis Ruth F and Loomis William F
Bought by
Shank You Llc
Seller's Agent
Susan Weitzman
Linton Real Estate, LLC
Buyer's Agent
Susan Weitzman
Linton Real Estate, LLC
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$449,100
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2020
Sold by
Loomis William F and Loomis Ruth F
Bought by
Loomis Ruth F and Loomis William F

Purchase Details

Closed on
Oct 31, 2010
Sold by
Allen Frank E and Allen Deanna R
Bought by
Willis Dick E and Willis Linda E
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $686,000 Yavapai Title Agency
Warranty Deed $499,000 Empire West Title Agency Llc
Interfamily Deed Transfer -- None Available
Deed In Lieu Of Foreclosure -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $514,500 New Conventional
Previous Owner $452,538 New Conventional
Previous Owner $449,100 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $686,000 -0.6% $196 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
03/04/2025 03/04/25 For Sale $690,000 0.0% $197 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $690,000 +38.3% $197 / Sq Ft
01/27/2021 01/27/21 Sold $499,000 0.0% $143 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
12/27/2020 12/27/20 For Sale $499,000 -- $143 / Sq Ft
Source: Sedona Verde Valley Association of REALTORS®

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
2026 $1,286 $42,859 -- --
2024 $1,263 $43,709 -- --
2023 $1,263 $33,550 $3,534 $30,016
2022 $1,256 $26,144 $2,854 $23,290
2021 $1,327 $25,310 $2,985 $22,325
2020 $1,317 $0 $0 $0
2019 $1,306 $0 $0 $0
2018 $1,261 $0 $0 $0
2017 $1,213 $0 $0 $0
2016 $1,190 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Sedona Verde Valley Association of REALTORS®

MLS Number: 538225

Sedona Verde Valley Association of REALTORS®

APN: 406-06-227