NOT LISTED FOR SALE

1880 Magnolia Dr Lake Havasu City, AZ 86403

Estimated Value: $533,000 - $1,067,000

8 Beds
8 Baths
3,900 Sq Ft
$176/Sq Ft Est. Value

Last Sold March 16, 2017

Last sale price $495,000 $127 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,912/month

3 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System
  • Attached Garage

About This Home

As of March 2017

Location!1 Location!! Location!! Downtown walking distance to restaurants, theater, events. And yet seller says Quiet. This four plex is truly a great investment property. Immaculate grounds. Pride of ownership. All units kept nice and updated with carpet and appliances. Each unit has RO. Both buildings have pitched roofs and tile. Easy maintenance. Home warranty through Sept with Choice Home Warranty. 7-8 blocks to lake. 4 blocks to hospital. 3 blocks to dr offices. Sprinklers in all units. Each unit has small patio off kitchen. Excellent rental history with 1yr. rental agreements with security deposits. Skylights in each unit. Mountain views.

Last Agent to Sell the Property

Sandra Faubion

Realty ONE Group Mountain Desert-LH License #SA649995000 Listed on: 02/23/2017

Last Buyer's Agent

Molly Noe

Havasu Realty License #SA665436000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 2003

Lot Details

  • 1,461 Sq Ft Lot
  • Lot Dimensions are 36x41x33x41

Parking

  • Attached Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Public Septic

Listing and Financial Details

  • Tenant pays for cable/satellite, electricity
  • Tax Block /

Community Details

Overview

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

Building Details

  • Electric Expense $318
  • Insurance Expense $1,200
  • Trash Expense $624
  • Water Sewer Expense $1,800
  • Gross Income $38,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,900

Year Built

Built in 2003

Lot Details

0

Listing Details

  • ApxLotDim: 36x41x33x41
  • Directions: Hwy 95 to Swanson to Magnolia.
  • Listing Member Name: Sandra Faubion
  • List Type: Exclusive Agency
  • AnnualCostsAnnualElectricDollars: 318.00
  • AnnualCostsAnnualGrossInc: 38340.00
  • AnnualCostsAnnualInsuranceDollars: 1200.00
  • AnnualCostsAnnualTrashDollars: 624.00
  • AnnualCostsAnnualWaterDollars: 1800.00
  • Lot Sq Ft: 1461.00
  • Prop. Type: Multi-Family
  • Selling Member Short Id: mnoe
  • OFFICELIST_STATE: AZ
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Limited Service: No
  • Interior Flooring: Carpet, Tile
  • New Construction: No

Exterior Features

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

Garage/Parking

  • Garage/Parking: Attached, Door - 7 Ft Height
  • Unit1CoveredParkingYN: Yes
  • Unit1GarageSpaces: 2
  • Unit2CoveredParkingYN: Yes
  • Unit2GarageSpaces: 2
  • Unit3GarageSpaces: 2
  • Unit4CoveredParkingYN: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric, Heat Pump
  • Sewer: Public Sewer
  • Hot Water: City

Condo/Co-op/Association

  • Community Amenities: Ground Floor Unit(s), Pets Allowed - See Remarks
  • Total Number of Units: Magnolia
  • HOA: No

Fee Information

  • Taxes: 2900.00

Lot Info

  • Lot Description: Curb and Gutter
  • Zoning: L-R-4 R4 Multiple Family Residential

Rental Info

  • Tenant Pays: Cable/Satellite, Electricity

Multi Family

  • Total Buildings: 2
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2019
Sold by
Bassett Farms Inc
Bought by
Bassett Estate Llc
Current Estimated Value
$687,048

Purchase Details

Listed on
Feb 23, 2017
Closed on
Mar 13, 2017
Sold by
Miles Frank and Miles Elizabeth
Bought by
Asset Preservation Inc
Seller's Agent
Sandra Faubion
Realty ONE Group Mountain Desert-LH
Buyer's Agent
Molly Noe
Havasu Realty
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%

Purchase Details

Closed on
Apr 17, 2014
Sold by
Miles Frank and Miles Elizabeth
Bought by
Miles Frank and Miles Elizabeth

Purchase Details

Closed on
Apr 14, 2004
Sold by
Miles Frank D and Miles Elizabeth A
Bought by
Miles Frank D and Miles Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2004
Sold by
Oliver Phillip A and Oliver Linda K
Bought by
Miles Frank D and Miles Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2003
Sold by
Oliver Phillip A and Oliver Linda K
Bought by
Oliver Phillip A and Oliver Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.89%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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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 Buyer Sale Price Title Company
Bassett Estate Llc -- Accommodation
Asset Preservation Inc $495,000 Pioneer Title Agency Inc
Miles Frank -- None Available
Miles Frank D -- Capital Title Agency Inc
Miles Frank D $460,000 Capital Title Agency Inc
Oliver Phillip A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miles Frank D $322,000
Previous Owner Oliver Phillip A $238,000
Closed Miles Frank D $91,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2017 03/16/17 Sold $495,000 -1.0% $127 / Sq Ft
02/26/2017 02/26/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $499,900 -- $128 / Sq Ft
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 -- -- -- --
2025 $3,491 $47,577 $0 $0
2024 $3,491 $71,154 $0 $0
2023 $3,491 $55,081 $0 $0
2022 $3,341 $45,588 $0 $0
2021 $3,551 $39,199 $0 $0
2019 $3,367 $37,280 $0 $0
2018 $3,248 $32,652 $0 $0
2017 $3,216 $31,393 $0 $0
2016 $2,900 $31,363 $0 $0
2015 $2,773 $28,877 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sandra Faubion

    Realty ONE Group Mountain Desert-LH

  • M

    Buyer's Agent in 2017

    Molly Noe

    Havasu Realty

See All Agents

Map

Source: Lake Havasu Association of REALTORS®

MLS Number: 924809

Lake Havasu Association of REALTORS®

APN: 107-84-001

Arizona Mohave County Lake Havasu City 86403

1880 Magnolia Dr, Lake Havasu City, AZ

Not Listed for Sale

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