NOT LISTED FOR SALE

1647 S Plaza Way Flagstaff, AZ 86001

Estimated Value: $6,061,962

-- Bed
-- Bath
32,017 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $5,200,000 $162 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $36,405/month

189 Days on Market

About This Home

As of December 2021

Excellent investment opportunity. This 32,017 SF building is on 2.6 acres located on the west side of town across the street from Home Depot and near newly expanding residential areas. The building is 93% leased. Light industrial zoning allows for many quiet and clean uses. See Flagstaff Zoning Code here:
https://www.codepublishing.com/AZ/Flagstaff/html/Flagstaff10/Flagstaff1040030.html#10.40.30.050

Last Agent to Sell the Property

Mark T. Belsanti

Da Vinci Realty, LLC License #SA104226000 Listed on: 06/04/2021

Last Buyer's Agent

Mark T. Belsanti

Da Vinci Realty, LLC License #SA104226000 Listed on: 06/04/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $38,417

Year Built

  • Built in 1986

Lot Details

  • 2.61 Acre Lot
  • Property is zoned Lt industrial

Home Design

  • 32,017 Sq Ft Home
  • Metal Siding

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 112-24-007

Community Details

Overview

  • Woodlands Village Unit 1 Subdivision

Building Details

  • Operating Expense $38,417
  • Gross Income $526,578
  • Net Operating Income $351,558

Property Details

Property Type

Other

Est. Annual Taxes

$38,417

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Legal Info Range: 07E
  • Property Type: Comm/Industry Sale
  • Zoning: Lt industrial
  • Current Use: Mixed Use
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2020
  • Directions: On S Plaza Way between S Woodlands Village Blvd and S Yale St
  • Lot Size Acres: 2.61
  • Subdivision Name: WOODLANDS VILLAGE UNIT 1
  • Structure Type: Commercial, Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: None
  • Construction Type: Metal Siding
  • Roof: Other, See Remarks
  • Construction:Metal: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 113725.0
  • Additional Parcels: No
  • Parcel #: 112-24-007
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 526578.0
  • Property Net Operating Income: 351558.0
  • Annual Operating Expense: 38417.0

Tax Info

  • Tax Annual Amount: 38417.0
  • Tax Book Number: 112.00
  • Tax Lot: 7
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Dec 29, 2021
Sold by
Plaza Way Development Llc
Bought by
Diamante Llc
Seller's Agent
Mark T. Belsanti
Da Vinci Realty, LLC
Buyer's Agent
Mark T. Belsanti
Da Vinci Realty, LLC
List Price
$5,500,000
Sold Price
$5,200,000
Premium/Discount to List
-$300,000
-5.45%
Current Estimated Value
$6,061,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$861,962
Avg. Annual Appreciation
4.28%
Original Mortgage
$2,400,000
Interest Rate
3.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Diamante Llc $5,200,000 Pioneer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Il Diamante Llc $500,000
Open Il Diamante Llc $2,400,000
Closed Diamante Llc $2,400,000
Previous Owner Plaza Way Development Llc $1,197,714
Previous Owner Plaza Way Development Llc $250,000
Previous Owner Plaza Way Development Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $5,200,000 -5.5% $162 / Sq Ft
05/26/2021 05/26/21 For Sale $5,500,000 -- $172 / 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 $41,268 $630,165 -- --
2024 $41,268 $616,674 -- --
2023 $39,517 $563,919 $0 $0
2022 $39,517 $553,575 $0 $0
2021 $39,516 $519,158 $0 $0
2020 $38,417 $462,092 $0 $0
2019 $37,686 $414,676 $0 $0
2018 $37,844 $410,563 $0 $0
2017 $35,591 $388,264 $0 $0
2016 $61,533 $408,461 $0 $0
2015 $34,677 $366,543 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark T. Belsanti

    Da Vinci Realty, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6245822

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-24-007

Arizona Coconino County Flagstaff 86001

1647 S Plaza Way, Flagstaff, AZ

This home is located at 1647 S Plaza Way, Flagstaff, AZ 86001 since 04 June 2021 and is currently estimated at $6,061,962, approximately $189 per square foot. This property was built in 1986. 1647 S Plaza Way is a home located in Coconino County with nearby schools including Lura Kinsey Elementary School, Flagstaff High School, and Haven Montessori Charter 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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