NOT LISTED FOR SALE

1409 Paar Dr Prescott, AZ 86305

-- Bed
4 Baths
578 Sq Ft
56,192 Sq Ft 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

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

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 $1,879 $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

  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6391594

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-072D

Your Personal Tour Guide

Ask me questions while you tour the home.