NOT LISTED FOR SALE

118 W Aero Dr Payson, AZ 85541

-- Bed
-- Bath
2,851 Sq Ft
15,246 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $425,000 $149 Per Sq Ft

179 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • West Facing Home
  • Tile Flooring
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

As of August 2024

Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bathMonthly Gross Rents $3925

Last Agent to Sell the Property

Lisa Canavier

Delex Realty, LLC License #BR699622000 Listed on: 02/05/2024

Delex Realty, LLC

Last Buyer's Agent

NOT A CAAR MEMBER

NOT A CAAR MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1962

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 114.51x138.73x82.3x158.18
  • West Facing Home
  • Partially Fenced Property
  • Chain Link Fence

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,851 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Oven or Range

Flooring

  • Carpet
  • Concrete
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Home warranty included in the sale of the property
  • The owner pays for sewer, trash, water
  • Tax Lot TH
  • Assessor Parcel Number 304-16-239F

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,622

Year Built

Built in 1962

Lot Details

0.35 Acres

Listing Details

  • FILLACRES: 0.35
  • Estimated Sq Ft: 2851.00
  • House Faces: W
  • Directions: West on Aero from Hwy 87 first property on the right behind Speedway
  • Exterior Features N A Other: YES
  • Fireplace Woodstove N A Other: YES
  • Floor Covering N A Other: Luxury Plank
  • Homeowners Assoc N A Other: YES
  • Listing Member Name: Lisa Ann Canavier
  • Listing Office Short Id: lac665
  • List Type: Exclusive ARS
  • Lot Street Improvem: Blacktop Street
  • Property Sub Type: Other
  • Prop. Type: Multi-Family
  • Selling Member Short Id: AA0000
  • Sub Code: Unsubdivided
  • Tract Suffix: Drive
  • Warranty Program: Yes
  • Year Built: 1962
  • Garage Carport N A Other: YES
  • Property Features: Chain Link, Partially Fenced
  • Income Sales Info Cap Rate: 5 - 7.9%
  • Income Sales Info Down Payment: Submit
  • Income Sales Info Net Operating Income: 31,000 - 40,999
  • Loan Info1 St Assumable: Yes
  • Loan Info1 St Interest Rate: 5.00
  • Loan Info1 St Mortgage Balance: 163000.00
  • Loan Info Accelerate: No
  • Loan Info Cash To Assume: 336900.00
  • Loan Info Lender: Private
  • Loan Info Must Qualify: Yes
  • Loan Info Ttl Pmt After Assmpt: 1285.00
  • Loan Info Type Of Loan: Balloon
  • Type Style: Single Level
  • Documents On Fle N A Other: YES
  • Exchange N A Other: YES
  • Existing Finance Fee: Private
  • Utilties Available: Electricity, Individual Meter, Propane Piped, Sewer Hooked In, Town of Payson Water
  • Special Features: None

Interior Features

  • Floor Type: Slab
  • Floor Covering: Carpeting, Tile, Vinyl
  • Foreclosure: No
  • Interior Amenities: Range/Oven, Refrigerator, Smoke Detector
  • Legal Description: Section:09 Township10N COMM INTERSECTIO OF NORTH ROW OF AERO DR AND NWLY ROW MEADOW DR< RIM VIEW ADDITIOM PLAT D< PLAT 92; TH N45D01'36E, 112.50' TO POB; TH N0D26'22W, 81.54'; TH S89D48
  • Entry Location: Borders Undev Land

Exterior Features

  • Exterior Construction: Brick, Wood Frame
  • Flood Zone: None
  • Lot Number: TH
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Wood

Garage/Parking

  • Number Parking Spaces: 8.00

Utilities

  • Cooling: Individual A/C
  • Heating: Forced Air

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Owner/Family
  • Number of Units: 5

Fee Information

  • Taxes: 1622.00

Lot Info

  • Assessor Parcel Number: 304-16-239F
  • Lot Dimensions: 114.51x138.73x82.3x158.18
  • Zoning: R3
  • Land Size: 0.35

Building Info

  • Building Size: 2851.00

Rental Info

  • Included In Rent: Sewer, Trash, Water

Tax Info

  • Year: 2023
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2024 08/09/24 Sold $425,000 -11.4% $149 / Sq Ft
04/22/2024 04/22/24 Price Changed $479,900 -4.0% $168 / Sq Ft
02/05/2024 02/05/24 For Sale $499,900 +108.3% $175 / Sq Ft
11/01/2017 11/01/17 Sold $240,000 -4.0% $84 / Sq Ft View Prior Sale
10/03/2017 10/03/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $249,900 -- $88 / Sq Ft
Source: Central Arizona Association of REALTORS®

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 $1,738 $31,574 $7,534 $24,040
2025 $1,738 -- -- --
2024 $1,622 $16,180 $4,921 $11,259
2023 $1,622 $25,966 $5,783 $20,183
2022 $1,572 $25,966 $5,783 $20,183
2021 $1,475 $17,311 $3,855 $13,456
2020 $1,417 $0 $0 $0
2019 $1,376 $0 $0 $0
2018 $1,295 $0 $0 $0
2017 $1,259 $0 $0 $0
2016 $1,349 $0 $0 $0
2015 $1,316 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Arizona Association of REALTORS®

MLS Number: 89718

Central Arizona Association of REALTORS®
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