NOT LISTED FOR SALE

11244 N Saguaro Blvd Fountain Hills, AZ 85268

Estimated Value: $1,395,000 - $1,760,000

-- Bed
-- Bath
7,104 Sq Ft
$216/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $1,406,000 $198 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,222/month

84 Days on Market

Highlights

  • Cooling Available
  • Fountain Hills Middle School Rated A-
  • Individual Controls for Heating

About This Home

As of November 2023

Saguaro Hills is a rare and unique 4-unit property located in theheart of Fountain Hills. All four units are roughly 1,776 SF in size,featuring 3 bedrooms, 2 and a half bathrooms, 2 fireplaces (one ofwhich is in the master bedroom), a private balcony, private patio,2-car garage, and individual laundry hookups. Along with the trash,the units are individually metered for electricity and water and paidfor by the tenant while the landlord is responsible for sewer andlandscaping.The property is well-maintained and three of the unitshave been upgraded. Units 101 and 104 have been more extensivelyrenovated than unit 102, and unit 103 has some new flooring, and ingood overall condition. An investor could add value through interior renovations / updates to units 102 and 103, as well as raising rents on all units.Constructed in 1985, with high quality finishes at the time, these units feel more like four individual houses or townhomes than a typical fourplex. Saguaro Hills is located near downtown Fountain Hills, enjoys beautiful mountain views, and is in close proximity to Fountain Park & Desert Canyon Golf Course. Given its location, and the fact that many out-of-state visitors flock to Fountain Hills, an owner could potentially operate some or all of the units as vacation rentals or live in one of the units and manage the property themselves from on-site. In addition, the property is located on the side of a city-owned wash, providing residents with even more privacy. The property has many excellent attributes, and with very few existing 4-unit properties in the Fountain Hills submarket, Saguaro Hills is a very attractive and rare opportunity for an investor.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 05/09/2023

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Mason Weiss

ATLAS AZ, LLC License #SA697837000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,303

Year Built

  • Built in 1985

Lot Details

  • 0.33

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for sewer, landscaping
  • Legal Lot and Block 5 / 6
  • Assessor Parcel Number 176-08-066

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Fountain Hills Arizona No. 201 Subdivision

Building Details

  • Operating Expense $3,303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,303

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Saguaro & Shea
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: North on Sagauro to Property on NW corner of Malta and Saguaro.
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: FOUNTAIN HILLS ARIZONA NO. 201
  • Garage Yn: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Other, Wood Frame, Painted, Stucco
  • Roof: Other, Tile

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: Other (See Remarks), SRP, Individual Meter
  • Cooling: Other, Electric, Individual
  • Heating: Other, Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, Individual Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Fountain Hills Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 176-08-066

Multi Family

  • Owner Pays: Other, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Operating Expense: 3303.0

Tax Info

  • Tax Annual Amount: 3303.0
  • Tax Block: 6
  • Tax Book Number: 176.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Nov 1, 2023
Sold by
Burcham Aaron
Bought by
Classy Properties Llc
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Mason Weiss
ATLAS AZ, LLC
List Price
$1,499,000
Sold Price
$1,406,000
Premium/Discount to List
-$93,000
-6.2%
Views
84
Current Estimated Value
$1,509,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,908
Avg. Annual Appreciation
4.52%
Original Mortgage
$1,000,000
Outstanding Balance
$865,980
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$669,352

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 21, 2020
Sold by
Burcham Caroline S
Bought by
Burcham Aaron
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
John Klocek
ABI Multifamily
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$75,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 16, 2017
Sold by
Chang Robert C
Bought by
Fh11244 Llc

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
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2017
Sold by
Chang Janne R
Bought by
Chang Robert C

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
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2015
Closed on
Nov 10, 2015
Sold by
S & T Fh Properties Llc
Bought by
Fh11244 Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Sophia Baron
Grace CRE
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$450,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2006
Sold by
Barnhart Thomas R and Barnhart Sandra J
Bought by
S & T Fh Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2006
Sold by
Barnhart Thomas R and Barnhart Sandra J
Bought by
Barnhart Thomas R and Barnhart Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2006
Sold by
Barnhart Jack H and Barnhart Eileen M
Bought by
Barnhart Thomas R and Barnhart Sandra J

Purchase Details

Closed on
Jul 27, 2004
Sold by
Barnhart Jack H F
Bought by
Barnhart Jack H and Barnhart Thomas R

Purchase Details

Closed on
Nov 25, 2003
Sold by
Barnhart John F
Bought by
The John F & Esther E Barnhart Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,400
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2003
Sold by
Wrems Llc
Bought by
Barnhart John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,400
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2001
Sold by
Stoffel Karlyne
Bought by
Wrems Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,082
Interest Rate
7.5%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Classy Properties Llc $1,406,000 Commonwealth Land Title
Burcham Aaron -- Commonwealth Title
Burcham Aaron $1,075,000 Commonwealth Land Ttl Ins Co
Fh11244 Llc -- None Available
Chang Robert C -- Driggs Title Agency Inc
Chang Robert C -- Driggs Title Agency Inc
Fh11244 Llc $650,000 First Arizona Title Agency
S & T Fh Properties Llc -- Transnation Title Ins Co
Barnhart Thomas R -- Transnation Title Ins Co
Barnhart Thomas R -- Orange Coast Title Co
Jets Of Gilbert Road -- Orange Coast Title Co
Barnhart Jack H -- --
The John F & Esther E Barnhart Revocable -- --
Barnhart John F $665,000 Transnation Title Insurance
Wrems Llc $622,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Classy Properties Llc $1,000,000
Previous Owner Burcham Aaron $75,000
Previous Owner Chang Robert C $450,000
Previous Owner Fh11244 Llc $450,000
Previous Owner Barnhart Thomas R $258,000
Previous Owner Barnhart John F $245,400
Previous Owner Wrems Llc $483,082
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2023 11/01/23 Sold $1,406,000 -6.2% $198 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $1,499,000 0.0% $211 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $1,499,000 +39.4% $211 / Sq Ft
09/30/2020 09/30/20 Sold $1,075,000 -10.0% $151 / Sq Ft View Prior Sale
09/04/2020 09/04/20 Price Changed $1,195,000 0.0% $168 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $1,195,000 +11.2% $168 / Sq Ft
07/16/2020 07/16/20 Off Market $1,075,000 -- --
07/09/2020 07/09/20 For Sale $1,195,000 +83.8% $168 / Sq Ft
11/13/2015 11/13/15 Sold $650,000 0.0% $91 / Sq Ft View Prior Sale
09/21/2015 09/21/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $650,000 -- $91 / Sq Ft
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 $3,647 $63,235 -- --
2024 $3,499 $60,223 -- --
2023 $3,499 $123,550 $24,710 $98,840
2022 $3,303 $87,750 $17,550 $70,200
2021 $3,606 $82,600 $16,520 $66,080
2020 $3,539 $75,180 $15,030 $60,150
2019 $3,607 $66,700 $13,340 $53,360
2018 $3,592 $61,530 $12,300 $49,230
2017 $3,455 $60,160 $12,030 $48,130
2016 $3,412 $59,150 $11,830 $47,320
2015 $3,172 $58,070 $11,610 $46,460
Source: Public Records

Agents Affiliated with this Home

  • John Klocek

    Seller's Agent in 2023

    John Klocek

    ABI Multifamily

    (602) 639-0088

    1 in this area

    24 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2023

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    1 in this area

    38 Total Sales

    Patrick Burch
    Section Image

  • M

    Buyer's Agent in 2023

    Mason Weiss

    ATLAS AZ, LLC

    (602) 481-0648

    2 in this area

    76 Total Sales

    Mason Weiss
    Section Image
  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    3 in this area

    83 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6554384

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-08-066

Arizona Maricopa County Fountain Hills 85268

11244 N Saguaro Blvd, Fountain Hills, AZ

This home is located at 11244 N Saguaro Blvd, Fountain Hills, AZ 85268 since 09 May 2023 and is currently estimated at $1,535,332, approximately $216 per square foot. This property was built in 1985. 11244 N Saguaro Blvd is a home located in Maricopa County with nearby schools including McDowell Mountain Elementary School and Fountain Hills Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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