NOT LISTED FOR SALE
-- Bed
4 Baths
578 Sq Ft
1.29 Acre Lot

Sale Details

Date Sold: June 2, 2022

Last sale price $1,075,000 $1,860 Per Sq Ft

17 Days on Market

About This Home

As of June 2022

Income Producer, take advantage of the additional parcel to Boost revenue! A Perfect property to implement the short term rental (Vacation Rental) strategy and/or add units to dramatically increase the revenue. Improvements to all 4 units made between 7/2021 - 12/2021. Please see details per seller in docs tab. Property Improvements - Per seller in docs tab Parcel 2: see attachment in docs tab. MULTIPLE OFFERS RECEIVED, ALL OFFERS REVIEWED & RESPONDED TO 5/7/22. ENTRY UPON CONTRACT ACCEPTANCE. Submit offers to: Michael@pacwestlending.com. CASH OFFERS: must provide proof of funds to close. FINANCED OFFERS: provide Loan approval & funds to close.

Last Agent to Sell the Property

Michael Aldridge

DeLex Realty License #SA571999000 Listed on: 04/15/2022

DeLex Realty

Last Buyer's Agent

Michael Aldridge

DeLex Realty License #SA571999000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1940

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 111-09-072-E

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 1.29 acres
  • Lincoln Park Subdivision

Building Details

  • Operating Expense $27,705
  • Gross Income $75,525
  • Net Operating Income $49,701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,881

Year Built

Built in 1940

Lot Details

1.29 Acres

Listing Details

  • Cross Street: Gail Gardner Highway & Paar Drive
  • Legal Info Range: 2W
  • Property Type: Multiple Dwellings
  • Zoning: (0310) MIXED CO
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: LINCOLN PARK
  • Tax Parcel Letter: E
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Wood Frame, Siding, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0

Utilities

  • Electric: APS, City Electric
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

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

Lot Info

  • Lot Size: 1.29 acres
  • Additional Parcels: Yes
  • Parcel #: 111-09-072-E

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 75525.0
  • Property Net Operating Income: 49701.47
  • Annual Operating Expense: 27704.53
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1881.0
  • Tax Book Number: 111.00
  • Tax Lot: 9

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jun 15, 2022
Sold by
Bought by
Seller's Agent
Michael Aldridge
DeLex Realty
Buyer's Agent
Michael Aldridge
DeLex Realty
List Price
$1,075,000
Sold Price
$1,075,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
0.0527%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Oct 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2020
Closed on
Jul 20, 2020
Sold by
Bought by
Seller's Agent
The Right Move Real Estate Group
Realty ONE Group Mountain Desert
Buyer's Agent
RAYMOND ZOGOB
First American Investment
List Price
$599,900
Sold Price
$650,000
Premium/Discount to List
$50,100
8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,175
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2020
Closed on
Jun 2, 2020
Sold by
Bought by
Seller's Agent
The Right Move Real Estate Group
Realty ONE Group Mountain Desert
Buyer's Agent
RAYMOND ZOGOB
First American Investment
List Price
$599,900
Sold Price
$650,000
Premium/Discount to List
$50,100
8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,175
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jun 4, 2014
Sold by
Bought by
Seller's Agent
SHERRY HUFFMAN
Realty Executives Northern AZ
Buyer's Agent
SHERRY HUFFMAN
Far West Realty
List Price
$359,900
Sold Price
$265,000
Premium/Discount to List
-$94,900
-26.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.28%

Purchase Details

Closed on
Sep 10, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
0.0616%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 1997
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,075,000 Driggs Title Agency
-- Driggs Title Agency Inc
-- Driggs Title Agency Inc
$650,900 Yavapai Title
$265,000 Empire West Title Agency
$130,000 First American Title Ins Co
$75,000 Westitle Agency
$142,000 Westitle Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,612,500
Previous Owner $675,000
Previous Owner $488,175
Previous Owner $488,175
Previous Owner $104,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2022 06/02/22 Sold $1,075,000 0.0% $1,860 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $1,075,000 +65.4% $1,860 / Sq Ft
06/05/2020 06/05/20 Sold $650,000 +8.4% $247 / Sq Ft View Prior Sale
05/06/2020 05/06/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $599,900 +126.4% $228 / Sq Ft
06/24/2014 06/24/14 Sold $265,000 -26.4% $116 / Sq Ft View Prior Sale
05/25/2014 05/25/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $359,900 -- $158 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2027 $1,938 $53,260
2026 $1,879 $54,859
2024 $1,840 $50,946
2023 $1,840 $41,045 $7,608 $33,437
2022 $1,804 $34,916 $6,956 $27,960
2021 $1,881 $34,571 $6,852 $27,719
2020 $1,884 $0 $0 $0
2019 $1,860 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,711 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6391594

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-072D

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