$1,098,000
SOLD APR 13, 2022

1075 E Ranch Rd Payson, AZ 85541

-- Bed
-- Bath
1,650 Sq Ft
2.64 Acres

Recently Sold

$665 Per Sq Ft

206 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Propane
  • Community Spa
  • Ceiling Fan

About This Home

As of April 2022

Commercial Resort – ''Mountain Meadows Cabins'' - 2.7 Acres in Gordon Canyon - Featuring a beautifully remodeled home and SIX charming rental cabins. The cozy cabins each have a fireplace, kitchenette, air conditioning and 4 cabins have indoor spas / hot tubs. The cabins have a combined living area of 1898 sq. ft., and the main home – a 28 x 64 Cavco manufactured home - has 1792 sq. ft. (3690 total sq. ft. livable) The main residence has been extensively remodeled and has a roomy open floor plan with 2 bedrooms and an office that could convert to a 3rd bedroom. The master bedroom is spacious and has a full bath with a garden tub. A skylight enhances the fabulous kitchen / dining area, and the living room has a pellet stove to warm the atmosphere. There is also a spa / hot tub area,...cont. ...for warm relaxation, plus you will enjoy awesome, captivating views from the large "Trex" deck. There are 3 sheds for extra storage, and you have your own private well. This pristine haven is phenomenal!! Don't miss this one!!! (The square footage for each cabin is: 320,320,320, 424, 256 and 256 and the main home is 1792 sq. ft. livable = 3690 total sq. ft.)

Last Agent to Sell the Property

Robert Linkey

Realty Executives Arizona Territory License #SA028655000 Listed on: 08/02/2021

Realty Executives Arizona Territory

Co-Listed By

Susan Keown

Realty Executives Arizona Territory License #BR019974000

Last Buyer's Agent

Brandon Howe

Howe Realty License #BR532588000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,446

Year Built

  • Built in 1999

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Propane
  • Well

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, cable TV
  • Tax Lot 17
  • Assessor Parcel Number 303-12-001-Z

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • Building Dimensions are Irregular - See Survey
  • Gordon Canyon Subdivision

Recreation

  • Community Spa

Building Details

  • Operating Expense $18,104
  • Gross Income $131,040
  • Net Operating Income $106,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,446

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Cross Street: Colcord Road & Ranch Rd
  • Legal Info Range: 14E
  • Property Type: Multiple Dwellings
  • Zoning: GU
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1999
  • Tax Year: 2020
  • Directions: Take Hwy 260 East from Payson approx. 25 miles to Colcord Rd. Turn right on Colcord and go approx. 2 miles past cattle guard and turn right on Ranch Rd. Proceed to Mountain Meadows Cabins.
  • Road Surface Type: Dirt
  • Professional Management Expense: 2230.0
  • Co List Office Mls Id: rete013
  • Co List Office Phone: 928-978-4221
  • Subdivision Name: Gordon Canyon
  • Tax Parcel Letter: Z
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Other (See Remarks), 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit
  • Heating: Other, Propane
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Domestic Well
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, Spa(s)

Association/Amenities

  • Exterior Amenities:Satellite Dish: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Annual Fuel Expense: 2300.0
  • Trash Expense: 1284.0

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: Irregular - See Survey
  • Additional Parcels: No
  • Parcel #: 303-12-001-Z

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Cable TV
  • Tenant Pays: None
  • Number Of Units Total: 7
  • Electric Expense: 2244.0
  • Annual Gross Income: 131040.0
  • Insurance Expense: 3600.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 106907.0
  • Annual Operating Expense: 18104.0
  • Vacancy Allowance Rate: 0.6

Tax Info

  • Tax Annual Amount: 5446.0
  • Tax Book Number: 303.00
  • Tax Lot: 17

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $1,098,000 0.0% $665 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,098,000 0.0% $665 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
09/30/2021 09/30/21 For Sale $1,098,000 0.0% $665 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/16/2021 09/16/21 Price Changed $1,098,000 +10.0% $665 / Sq Ft
09/16/2021 09/16/21 For Sale $998,000 0.0% $605 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $998,000 -- $605 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6274535

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-12-001Z