NOT LISTED FOR SALE

1803 Magnolia Dr Lake Havasu City, AZ 86403

Estimated Value: $672,000 - $845,000

-- Bed
4 Baths
3,362 Sq Ft
$229/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $760,000 $226 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,162/month

1 Day on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to Wbeeler Park
  • Attached Garage
  • Vinyl Flooring

About This Home

As of January 2022

Turnkey investment property (Duplex). Currently used as a successful vacation rental. Desirable central location, walking distance to stores, restaurants, main street and the London Bridge. This open floor plan is perfect for entertaining. Beautiful vinyl plank flooring throughout, modern kitchen with concrete countertops, stainless steel appliances and large indoor laundry rooms. Each unit features 2 large master suites, an additional powder room, and covered patio space. 2-car garage, 27 ft. deep. Everything you see is included.

Last Agent to Sell the Property

Eric Gedalje

eXp Realty License #SA661681000 Listed on: 01/18/2022

eXp Realty

Last Buyer's Agent

Carolyn Altman

Realty ONE Group Mountain Desert-LH License #BR551317000

Realty ONE Group Mountain Desert-LH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,522

Year Built

  • Built in 2017

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 71 x 135

Parking

  • Attached Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,362 Sq Ft Home
  • Vinyl Flooring

Utilities

  • Central Heating and Cooling System
  • Public Septic

Community Details

  • No Home Owners Association
  • 2 Units
  • Lake Havasu City Subdivision

Listing and Financial Details

  • Tax Block 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,522

Year Built

Built in 2017

Lot Details

0

Listing Details

  • FILLACRES: 0.24
  • ApxLotDim: 71 x 135
  • Directions: Turn right onto Magnolia from Smoketree.
  • Listing Member Name: The Gedalje Group
  • List Type: Exclusive Right To Sell
  • Lot Sq Ft: 10454.00
  • Prop. Type: Multi-Family
  • Selling Member Short Id: caltman
  • OFFICELIST_STATE: AZ
  • Year Built: 2017
  • Estimated Total Sq Ft: 3362.00
  • Multi Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TRACT: 2304 LAKE HAVASU CITY BLK 1 PARCEL 31A ON PP 18/77-77A 9/6 /2002 2002-60353 CONT 10155 SQ FT OR 0.23 ACRES 107-27
  • Limited Service: No
  • Interior Flooring: Vinyl
  • New Construction: No

Exterior Features

  • Exterior Construction: Stucco, Wood Frame
  • Lot: 31
  • Pool: No
  • Street: Magnolia
  • Roof: Tile

Garage/Parking

  • Garage/Parking: Attached, Door - 7 Ft Height
  • Unit1CoveredParkingYN: Yes
  • Unit1GarageDepth: 22-27
  • Unit1GarageDim: 20x27
  • Unit1GarageTotal Sq Ft: 540.00
  • Unit2CoveredParkingYN: Yes
  • Unit2GarageDepth: 22-27
  • Unit2GarageDim: 20x27
  • Unit2GarageTotal Sq Ft: 540.00

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Hot Water: City

Condo/Co-op/Association

  • HOA: No

Fee Information

  • Taxes: 2522.00

Lot Info

  • Zoning: L-R-2 Two-Family Residential

Multi Family

  • Total Buildings: 1
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2023
Sold by
Mayer Brin Llc
Bought by
Nd Rentals Llc
Current Estimated Value
$770,743

Purchase Details

Listed on
Jan 18, 2022
Closed on
Jan 28, 2022
Sold by
New Life Properties Llc
Bought by
Mayer Residential Llc
Seller's Agent
Eric Gedalje
eXp Realty
Buyer's Agent
Carolyn Altman
Realty ONE Group Mountain Desert-LH
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%

Purchase Details

Listed on
Jan 18, 2022
Closed on
Jan 25, 2022
Sold by
New Life Properties Llc
Bought by
Mayer Residential Llc
Seller's Agent
Eric Gedalje
eXp Realty
Buyer's Agent
Carolyn Altman
Realty ONE Group Mountain Desert-LH
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%

Purchase Details

Listed on
Apr 30, 2017
Closed on
Jan 19, 2018
Sold by
Kutil Ronald and Kutil Kim
Bought by
New Life Properties Llc
Seller's Agent
Stephanie Rohn
Coldwell Banker Realty
Buyer's Agent
Jennifer Sanchez
LH Keller Williams Arizona Living Realty
List Price
$399,900
Sold Price
$350,000
Premium/Discount to List
-$49,900
-12.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.27%

Purchase Details

Listed on
Apr 8, 2011
Closed on
May 5, 2015
Sold by
Lutgen Jacalyn F
Bought by
Kutil Ronald and Kutil Kim
Seller's Agent
Woody McDonald
Havasu Realty
Buyer's Agent
John McDonald
Havasu Realty
List Price
$65,000
Sold Price
$35,000
Premium/Discount to List
-$30,000
-46.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.89%

Purchase Details

Closed on
Apr 19, 2002
Sold by
Lanasa Darlene J
Bought by
Lutgen Charles H K and Lutgen Jacalyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nd Rentals Llc -- --
Mayer Residential Llc $760,000 Chicago Title
Mayer Residential Llc $760,000 Chicago Title
New Life Properties Llc $350,000 Chicago Title Agency Inc
Kutil Ronald $70,000 Pioneer Title Agency Inc
Lutgen Charles H K $25,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lutgen Charles H K $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2022 01/28/22 Sold $760,000 +1.3% $226 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $750,000 +114.3% $223 / Sq Ft
01/23/2018 01/23/18 Sold $350,000 -12.5% -- View Prior Sale
12/24/2017 12/24/17 Pending -- -- --
04/30/2017 04/30/17 For Sale $399,900 +1042.6% --
05/11/2015 05/11/15 Sold $35,000 -46.2% -- View Prior Sale
04/11/2015 04/11/15 Pending -- -- --
04/08/2011 04/08/11 For Sale $65,000 -- --
Source: Lake Havasu Association of REALTORS®

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
2026 $1,204 -- -- --
2025 $2,440 $68,876 $0 $0
2024 $2,440 $56,424 $0 $0
2023 $2,440 $36,516 $0 $0
2022 $2,335 $33,218 $0 $0
2021 $2,522 $29,689 $0 $0
2019 $2,393 $32,600 $0 $0
2018 $2,310 $30,426 $0 $0
2017 $344 $5,833 $0 $0
2016 $322 $2,828 $0 $0
2015 $326 $2,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Gedalje

    Seller's Agent in 2022

    Eric Gedalje

    eXp Realty

    (949) 402-5491

    1,261 in this area

    1,598 Total Sales

    Eric Gedalje
    Section Image
  • Carolyn Altman

    Buyer's Agent in 2022

    Carolyn Altman

    Realty ONE Group Mountain Desert-LH

    (928) 486-9494

    106 in this area

    176 Total Sales

    Carolyn Altman
    Section Image

  • S

    Seller's Agent in 2018

    Stephanie Rohn

    Coldwell Banker Realty

  • J

    Buyer's Agent in 2018

    Jennifer Sanchez

    LH Keller Williams Arizona Living Realty

  • W

    Seller's Agent in 2015

    Woody McDonald

    Havasu Realty

  • J

    Seller Co-Listing Agent in 2015

    John McDonald

    Havasu Realty

See All Agents

Map

Source: Lake Havasu Association of REALTORS®

MLS Number: 1019655

Lake Havasu Association of REALTORS®

APN: 107-27-031A

Arizona Mohave County Lake Havasu City 86403

1803 Magnolia Dr, Lake Havasu City, AZ

Not Listed for Sale

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