Seller's Agent in 2016
Paul Schneider
RMA-Mountain Properties
(928) 899-1008
6 in this area
267 Total Sales
19780 E Hitching Post Way Mayer, AZ 86333
Cordes Lakes NeighborhoodEstimated Value: $1,875,000 - $2,209,000
Studio
--
Bath
8,434
Sq Ft
$242/Sq Ft
Est. Value
Highlights
- 5 Acre Lot
- Central Air
- Wood Fence
- Community Kitchen
- Concrete Flooring
- Heating System Uses Natural Gas
About This Home
As of May 2016FABULOUS OPPORTUNITY with numerous profit centers currently generating a 14% CAP Rate including MOTEL, RESTAURANT, BAR, RV PARKING on 5 flat acres located right off of I-17 at the Hwy 69 Interchange at Cordes Junction, AZ with Traffic Count of nearly 45,000 cars/day. Motel has 12 rooms w/Managers Home, 50ps style Restaurant/Diner w/56 Seats plus attached 50 seat Bar w/Beer Garden, 22 RV Pads w/full hookups, Conference Room, Laundry Facility, and Detached Modern 1200 Sq Ft 2bed/2bath Owner/Managers Home w/oversized Detached Garage & new reverse Osmosis system.
Lots of Potential for future growth with County Approved Plans for Additional 35 Room Motel Addition with all the necessary infrastructure in place with Adjacent 2 acre parcel for sale CONTINUED... Fully Renovated! Excellent Producing Wells and Adequate Capacity for the Waste Water System. This is a TURN KEY 12 Room Motel (with county Approved plans for motel expansion), 22 RV spaces, high occupancy rate. Restaurant/Diner, Laundry, propane sales & Meeting room are compliments to property profits. Property also includes a 1200 sqft (2bd/2ba) house & 1200 sqft garage (newly built). Fully Renovated!
Last Agent to Sell the Property
RMA-Mountain Properties License #BR535982000 Listed on: 10/06/2015
Last Buyer's Agent
Paul Schneider
RMA-Mountain Properties License #BR535982000
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,858
Year Built
- Built in 1983
Lot Details
- 5 Acre Lot
- Wood Fence
- Property is zoned C135
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- 8,434 Sq Ft Home
- Concrete Flooring
Parking
- 65 Open Parking Spaces
- 65 Parking Spaces
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Heat Pump System
- Well
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 500-05-082
Community Details
Overview
- 5 Buildings
- Cordes Junction Subdivision
Additional Features
- Community Kitchen
- Operating Expense $8,858
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 16, 2023
Sold by
Lewis Jack L
Bought by
Hitching Post Rv Park Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,386,521
Outstanding Balance
$1,355,419
Interest Rate
7.12%
Mortgage Type
Seller Take Back
Estimated Equity
$686,581
Purchase Details
Closed on
Oct 26, 2020
Sold by
Gpm Holdings Llc
Bought by
Lewis Jack L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 6, 2015
Closed on
May 24, 2016
Sold by
Hitching Post Investments Llc
Bought by
Gpm Holdings Llc
Seller's Agent
Paul Schneider
RMA-Mountain Properties
Buyer's Agent
Paul Schneider
RMA-Mountain Properties
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$1,200,000
Interest Rate
3.59%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 21, 2006
Sold by
Schultz Jerry and Schultz Robbin
Bought by
Hitching Post Investments Llc
Purchase Details
Closed on
May 30, 2003
Sold by
Lights On Motel Llc
Bought by
Schultz Jerry L and Schultz Robbin B
Purchase Details
Closed on
Jun 6, 1995
Sold by
Elenz Leo H and Elenz Marilyn C
Bought by
Lights On Motel Llc
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
7.92%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hitching Post Rv Park Llc | $3,000,000 | American Title Services | |
| Lewis Jack L | $1,732,800 | Yavapai Title | |
| Gpm Holdings Llc | $1,200,000 | Yavapai Title Agency Inc | |
| Hitching Post Investments Llc | -- | None Available | |
| Schultz Jerry L | $300,000 | Chicago Title Insurance Co | |
| Lights On Motel Llc | $365,000 | Capital Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hitching Post Rv Park Llc | $1,386,521 | |
| Previous Owner | Lewis Jack L | $150,000 | |
| Previous Owner | Gpm Holdings Llc | $1,200,000 | |
| Previous Owner | Lights On Motel Llc | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2016 05/02/16 | Sold | $1,300,000 | +4.0% | $154 / Sq Ft |
| 03/23/2016 03/23/16 | Pending | -- | -- | -- |
| 10/06/2015 10/06/15 | For Sale | $1,250,000 | -- | $148 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $12,349 | -- | -- | -- |
| 2024 | $12,606 | -- | -- | -- |
| 2023 | $12,606 | $233,575 | $39,856 | $193,719 |
| 2022 | $12,462 | $166,805 | $16,864 | $149,941 |
| 2021 | $13,228 | $166,828 | $17,009 | $149,819 |
| 2020 | $12,205 | $0 | $0 | $0 |
| 2019 | $11,902 | $0 | $0 | $0 |
| 2018 | $11,406 | $0 | $0 | $0 |
| 2017 | $11,342 | $0 | $0 | $0 |
| 2016 | $8,194 | $0 | $0 | $0 |
| 2015 | $8,128 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Schneider
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5344760
APN: 500-05-082
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.
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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