$250,000
SOLD FEB 12, 2020

16718 E Avenue of the Fountains Fountain Hills, AZ 85268

-- Bed
-- Bath
2,357 Sq Ft
1,250 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

10% Below List Price

169 Days on Market

Highlights

  • Community Kitchen
  • Central Air
  • Heat Pump System
  • Fountain Hills Middle School Rated A-
  • Concrete Flooring

About This Home

As of March 2023

Two upstairs office suites with beautiful appointments, and private restrooms. Downstairs a delightful Day Spa with Three individual treatment rooms,reception area, restroom, laundry and kitchenette.
This building is included in Tract 208 Central Business District with parking and landscaping maintenance included in annual Plat 208 dues.

Last Agent to Sell the Property

Audra Travis

My Home Group Real Estate License #SA540696000 Listed on: 08/08/2019

My Home Group Real Estate

Last Buyer's Agent

George Akers

Better Homes & Gardens Real Estate SJ Fowler License #SA533875000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,481

Year Built

  • Built in 2003

Lot Details

  • 1,250 Sq Ft Lot
  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,357 Sq Ft Home
  • Concrete Flooring

Parking

  • 100 Open Parking Spaces
  • 100 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 176-05-128

Community Details

Overview

  • Building Dimensions are .029
  • Fountain Hills Az Fp 208 Blk 5 8 Subdivision

Amenities

  • Community Kitchen
  • Reception Area

Building Details

  • Gross Income $17,100
  • Net Operating Income $15,230

Property Details

Property Type

Other

Est. Annual Taxes

$2,481

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: Saguaro and Avenue of the Fountains
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Current Use: Mixed Use, Retail, Service Business, Office
  • Number Of Buildings: 1
  • Year Built: 2003
  • Tax Year: 2018
  • Directions: Shea to Saguaro, left at Avenue of the Fountains, to building on the right. Building is on a landscaped mall just off The Avenue of the Fountains (just east of Chase bank building & Empty lot)
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: FOUNTAIN HILLS AZ FP 208 BLK 5-8
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Stucco, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 100.0
  • Total Parking Spaces: 100.0
  • General Property Description:Uncvrd Parking Spcs: 100.0
  • General Property Description:Total Parking Spcs: 100.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Heat Pump, Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Reception Room, Kitchen
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes

Fee Information

  • Annual Water Sewer Expense: 420.0

Lot Info

  • Lot Size: .029
  • Lot Size Sq Ft: 1250.0
  • Additional Parcels: No
  • Parcel #: 176-05-128
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 17100.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 15230.0
  • Leasable Area: 2357.0

Tax Info

  • Tax Annual Amount: 2481.0
  • Tax Book Number: 176.00
  • Tax Lot: 7
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 6, 2023
Sold by
Northern Clover Llc
Bought by
Gl Solo 401K Trust
Seller's Agent
George Akers
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Steven Lambrecht
Steven A Lambrecht, LLC
List Price
$444,000
Sold Price
$405,000
Premium/Discount to List
-$39,000
-8.78%
Current Estimated Value
$461,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,312
Avg. Annual Appreciation
5.57%

Purchase Details

Listed on
Aug 8, 2019
Closed on
Feb 6, 2020
Sold by
Goyer Douglas Gene and Goyer Diana Ruth
Bought by
Northern Clover Llc
Seller's Agent
Audra Travis
My Home Group Real Estate
Buyer's Agent
George Akers
Better Homes & Gardens Real Estate SJ Fowler
List Price
$279,000
Sold Price
$250,000
Premium/Discount to List
-$29,000
-10.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.08%
Original Mortgage
$220,000
Interest Rate
3.72%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 9, 2013
Closed on
Dec 11, 2013
Sold by
Regency Development Inc
Bought by
Goyer Douglas Gene and Goyer Diane Ruth
Seller's Agent
Jerry Caldwell
HomeSmart
Buyer's Agent
Audra Travis
My Home Group Real Estate
List Price
$179,500
Sold Price
$173,500
Premium/Discount to List
-$6,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$119,000
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2010
Sold by
Krause Mari B
Bought by
Regency Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2002
Sold by
Goebel Jeannine A and The Goebel Trust
Bought by
Regency Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
5.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $405,000 First American Title Insurance
Warranty Deed $250,000 Premier Title Agency
Special Warranty Deed $173,500 First Arizona Title Agency
Quit Claim Deed -- None Available
Warranty Deed $49,500 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $220,000 Seller Take Back
Previous Owner $119,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $215,000 Construction
Previous Owner $49,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2023 03/06/23 Sold $405,000 -8.8% $172 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $444,000 0.0% $188 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
10/25/2022 10/25/22 Price Changed $444,000 -0.2% $188 / Sq Ft
06/06/2022 06/06/22 Price Changed $445,000 -0.9% $189 / Sq Ft
04/19/2022 04/19/22 Price Changed $449,000 -4.5% $191 / Sq Ft
02/23/2022 02/23/22 For Sale $470,000 +88.0% $199 / Sq Ft
02/12/2020 02/12/20 Sold $250,000 -5.3% $106 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
10/17/2019 10/17/19 Price Changed $264,000 -5.4% $112 / Sq Ft
08/01/2019 08/01/19 For Sale $279,000 +60.8% $118 / Sq Ft
12/18/2013 12/18/13 Sold $173,500 -3.3% $74 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
10/09/2013 10/09/13 For Sale $179,500 -- $76 / 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 $2,327 $37,681 -- --
2024 $2,216 $37,008 -- --
2023 $2,216 $39,338 $7,140 $32,198
2022 $2,232 $40,093 $6,685 $33,408
2021 $2,495 $49,446 $6,876 $42,570
2020 $2,448 $42,408 $6,192 $36,216
2019 $2,491 $38,970 $5,328 $33,642
2018 $2,481 $31,734 $6,480 $25,254
2017 $2,389 $28,692 $6,480 $22,212
2016 $2,621 $30,294 $6,750 $23,544
2015 $3,646 $45,030 $8,233 $36,797
Source: Public Records

Agents Affiliated with this Home

  • George Akers

    Seller's Agent in 2023

    George Akers

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 390-4589

    1 in this area

    20 Total Sales

    George Akers
    Section Image

  • S

    Buyer's Agent in 2023

    Steven Lambrecht

    Steven A Lambrecht, LLC

    (602) 686-2501

    1 in this area

    20 Total Sales

    Steven Lambrecht
    Section Image

  • A

    Seller's Agent in 2020

    Audra Travis

    My Home Group

    (602) 810-6095

    12 Total Sales

    Audra Travis
    Section Image
  • Jerry Caldwell

    Seller's Agent in 2013

    Jerry Caldwell

    HomeSmart

    (480) 231-5285

    2 in this area

    6 Total Sales

    Jerry Caldwell
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5962533

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-05-128

Arizona Maricopa County Fountain Hills 85268

16718 E Avenue of the Fountains, Fountain Hills, AZ

This home is located at 16718 E Avenue of the Fountains, Fountain Hills, AZ 85268 and is currently priced at $250,000, approximately $106 per square foot. This property was built in 2003. 16718 E Avenue of the Fountains is a home located in Maricopa County with nearby schools including McDowell Mountain Elementary School and Fountain Hills Middle 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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