NOT LISTED FOR SALE

17148 E Salida Dr Unit 1&2 Fountain Hills, AZ 85268

Estimated Value: $689,479 - $846,000

2 Beds
4 Baths
2,500 Sq Ft
$301/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $830,000 $332 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,076/month

56 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Fountain Hills Middle School Rated A-
  • Ceiling Fan

About This Home

As of January 2023

Investment Opportunity: 6.02% Cap Rate. Single Level Duplex in desirable FH location. Both units updated 2021. Each 2 bed/2 bath unit has it's own 2-car garage and a spacious & private backyard. Both units have large kitchens, new appliances, separate dining areas, in-unit laundry closets, vaulted ceilings. The L-shape corner building gives a single family feel to duplex living.

Last Agent to Sell the Property

Stephanie Coulston

Compass License #SA698794000 Listed on: 11/25/2022

Compass

Last Buyer's Agent

Siobhan West

Russ Lyon Sotheby's International Realty License #SA693481000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,409

Year Built

  • Built in 1987

Lot Details

  • 0.26

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • Four Peaks Elementary School - Fountain Hills
  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for sewer, landscaping
  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 176-08-043

Community Details

Overview

  • 2 Units
  • Building Dimensions are 11250
  • Fountain Hills Arizona No. 201 Subdivision

Building Details

  • Operating Expense $4,842
  • Net Operating Income $54,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,409

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Saguaro Blvd & Bond Dr
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2022
  • Directions: Shea East bound, Left on Fountain Hills Blvd, Right on Inca Ave, Left on E Hawk Dr,Right on N Saguaro Blvd, Right on N Bond Dr, Right on E Salida Dr Unit 1 faces Salida Dr and Unit 2 faces Bond Dr
  • Road Surface Type: Concrete
  • Subdivision Name: FOUNTAIN HILLS ARIZONA NO. 201
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Steel Frame, Wood Frame, Painted, Stucco
  • Roof: Composition
  • Construction:Steel Frame: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Four Peaks Elementary School - Fountain Hills
  • High School: Fountain Hills High School
  • Junior High Dist: Fountain Hills Unified District
  • Middle Or Junior School: Fountain Hills Middle School

Lot Info

  • Lot Size: 11250
  • Additional Parcels: No
  • Parcel #: 176-08-043

Multi Family

  • Owner Pays: Sewer, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 1753.0
  • Property Net Operating Income: 54213.0
  • Annual Operating Expense: 4842.0

Tax Info

  • Tax Annual Amount: 1409.0
  • Tax Block: 4
  • Tax Book Number: 176.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2022
Closed on
Jan 31, 2023
Sold by
17148 E Salida Drive Llc
Bought by
K & C Real Estate Holdings Llc
Seller's Agent
Stephanie Coulston
Compass
Buyer's Agent
Siobhan West
Russ Lyon Sotheby's International Realty
List Price
$940,000
Sold Price
$830,000
Premium/Discount to List
-$110,000
-11.7%
Views
87
Current Estimated Value
$753,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,622
Avg. Annual Appreciation
-3.57%

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 6, 2021
Sold by
Sykes Terry J and Sunshine Revocable Trust
Bought by
Christenholz David A
Seller's Agent
Laura Reiser
Fountain Hills Property Management & Real Estate
Buyer's Agent
Augustine Bartning
APB Valley Spaces
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.97%

Purchase Details

Closed on
Nov 14, 2016
Sold by
Alexandria Arthur R and Alexandria Angela
Bought by
Sykes Sarah E

Purchase Details

Closed on
Apr 10, 2004
Sold by
Gawel Blake M and Gawel Marina J
Bought by
Alexandria Arthur R and Austin Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2003
Sold by
Taylor Darlene and Heide George
Bought by
Gawel Blake M and Gawel Marina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 1994
Sold by
Heide & Schmitz Developers & Builders
Bought by
Heide George and Heide Betty
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
K & C Real Estate Holdings Llc $830,000 Landmark Title
Christenholz David A $625,000 Thomas Title & Escrow
Sykes Sarah E $360,000 Old Republic Title Agency
Alexandria Arthur R $322,000 First American Title Ins Co
Gawel Blake M $245,000 Security Title Agency
Heide George -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexandria Arthur R $160,000
Previous Owner Gawel Blake M $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2023 01/31/23 Sold $830,000 -7.8% $332 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
12/01/2022 12/01/22 Price Changed $900,000 -4.3% $360 / Sq Ft
11/25/2022 11/25/22 For Sale $940,000 +50.4% $376 / Sq Ft
10/07/2021 10/07/21 Sold $625,000 0.0% $250 / Sq Ft View Prior Sale
09/17/2021 09/17/21 For Sale $625,000 -- $250 / 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 $1,500 $26,019 -- --
2024 $1,440 $24,780 -- --
2023 $1,440 $53,860 $10,770 $43,090
2022 $1,409 $39,000 $7,800 $31,200
2021 $1,532 $38,380 $7,670 $30,710
2020 $1,503 $35,570 $7,110 $28,460
2019 $1,529 $31,400 $6,280 $25,120
2018 $1,433 $29,130 $5,820 $23,310
2017 $1,377 $27,220 $5,440 $21,780
2016 $1,197 $25,980 $5,190 $20,790
2015 $1,267 $25,030 $5,000 $20,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6492982

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-08-043