J
Seller's Agent in 2022
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
(602) 672-3526
1 in this area
50 Total Sales
1629 E Birch St Cottonwood, AZ 86326
Cottonwood NeighborhoodEstimated Value: $726,000 - $908,000
Studio
--
Bath
3,391
Sq Ft
$234/Sq Ft
Est. Value
Highlights
- Cooling Available
- Individual Controls for Heating
- 4-minute walk to Cottonwood Kids Park
- Cottonwood Elementary School Rated 10
About This Home
As of March 2022Rare Cottonwood fourplex for sale with large all 2 bedroom unit mix. Value-add opportunity w/ 8 CAP potential. Extremely high tenant demand. A few minutes from Old Town Cottonwood & numerous wineries. Very high population growth location that is gentrifying. Perfect opportunity to cosmetically upgrade/reposition. Could be a very lucrative STR or long-term rental in an very low-supply area. Ample parking. Huge yard. Showings in escrow only-100% occupied. Do not bother tenants. Same owners since the 1980's! 3rd party managed/well-maintained. Well-below market rents ($985, $950, $805, $805). Built in 1976 on a huge 16000 SF lot. All HVAC units, a few newer.
Less than 30 min to Sedona & Jerome, 60 min to FLG & Prescott. Income/expenses est. Buyer to complete/rely on own due diligence.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 12/06/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,124
Year Built
- Built in 1976
Lot Details
- 0.46
Home Design
- Wood Frame Construction
- Composition Roof
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Paved Parking
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for gas, trash collection, water, sewer, landscaping
- Assessor Parcel Number 406-45-073
Community Details
Overview
- 4 Units
- Building Dimensions are 16050 SF
Building Details
- Operating Expense $15,039
- Gross Income $41,088
- Net Operating Income $27,725
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2021
Closed on
Feb 27, 2022
Sold by
First Amendment Of The Thaddeus J Lis An
Bought by
New Enchantment Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
S. Curtis Wieler
Century 21 Arizona Foothills
List Price
$800,000
Sold Price
$734,000
Premium/Discount to List
-$66,000
-8.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,639
Avg. Annual Appreciation
2.05%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| New Enchantment Llc | $734,000 | Empire West Title | |
| First Amendment Of The Thaddeu | -- | Empire West Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2022 03/01/22 | Sold | $734,000 | -8.3% | $216 / Sq Ft |
| 01/29/2022 01/29/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | For Sale | $800,000 | -- | $236 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,090 | $51,903 | -- | -- |
| 2024 | $1,070 | $43,884 | -- | -- |
| 2023 | $1,070 | $32,984 | $5,038 | $27,946 |
| 2022 | $1,064 | $30,803 | $3,485 | $27,318 |
| 2021 | $1,124 | $30,026 | $4,186 | $25,840 |
| 2020 | $1,115 | $0 | $0 | $0 |
| 2019 | $1,107 | $0 | $0 | $0 |
| 2018 | $1,069 | $0 | $0 | $0 |
| 2017 | $1,027 | $0 | $0 | $0 |
| 2016 | $1,006 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Stephens
-
S. Curtis Wieler
S
Buyer's Agent in 2022
S. Curtis Wieler
Century 21 Arizona Foothills
(480) 776-0001
1 in this area
41 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6328908
APN: 406-45-073
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.
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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