NOT LISTED FOR SALE

2440 Mcculloch Blvd N Lake Havasu City, AZ 86403

Estimated Value: $645,000 - $788,000

-- Bed
4 Baths
4,182 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $400,000 $96 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,924/month

47 Days on Market

Highlights

  • Lake View
  • Roof Mounted Cooling System
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Northwest Facing Home

About This Home

As of October 2019

Recently refreshed with new interior & exterior paint, carpet & tile flooring, fixtures where needed, and new sewer lines throughout. Convenient central location within walking distance of shopping and entertainment. Each unit is approximately 1045 sq. ft. in size and features a spacious floor-plan with 2 bedrooms,1 bath, plus exterior storage. All units are presently occupied with a total monthly rent of $2,750. Vacancies are rare and easily filled when necessary. A rare commodity and great investment opportunity.

Last Agent to Sell the Property

Michael Konen

Selman And Associates License #SA521877000 Listed on: 07/24/2019

Last Buyer's Agent

Heather Macy

Re/Max By The Lake License #SA634980000

Re/Max By The Lake

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,359

Year Built

  • Built in 1970

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 104 x 115 x 126 x 124
  • Northwest Facing Home

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 4,182 Sq Ft Home
  • Lake Views

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Roof Mounted Cooling System
  • Central Heating and Cooling System
  • Heat Pump System
  • 101 to 200 Amp Service
  • Public Septic

Listing and Financial Details

  • Tenant pays for cable/satellite, electricity
  • Tax Block 14

Community Details

Overview

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

Building Details

  • Electric Expense $324
  • Insurance Expense $864
  • Professional Management Expense $3,300
  • Trash Expense $1,020
  • Water Sewer Expense $1,332
  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,359

Year Built

Built in 1970

Lot Details

0

Listing Details

  • FILLACRES: 0.26
  • ApxLotDim: 104 x 115 x 126 x 124
  • Directions: McCulloch Blvd. North just above City Hall.
  • Listing Member Name: Michael Konen
  • Listing Office Short Id: 1430350
  • List Type: Exclusive Right To Sell
  • AnnualCostsAnnualElectricDollars: 324.00
  • AnnualCostsAnnualGrossInc: 33000.00
  • AnnualCostsAnnualInsuranceDollars: 864.00
  • AnnualCostsAnnualSewerDollars: 1332.00
  • AnnualCostsAnnualTrashDollars: 1020.00
  • Lot Sq Ft: 11326.00
  • Open House Office I D: 20171212181803173164000000
  • Prop. Type: Multi-Family
  • Selling Member Short Id: hmacy
  • Selling Office Short Id: 143010470
  • OFFICELIST_STATE: AZ
  • Road Frontage Feet: 104
  • Year Built: 1970
  • AnnualCostsAnnualMgmtDollars: 3300.00
  • Estimated Total Sq Ft: 4182.00
  • Multi Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flood Plain: No
  • Legal Description: LOT 4 BLOCK 14 TRACT 121 LAKE HAVASU CITY
  • Limited Service: No
  • Interior Flooring: Carpet, Each Unit Different, Tile, Vinyl
  • New Construction: No

Exterior Features

  • Exterior Construction: Block, Wood Frame
  • Lot: 4
  • Pool: No
  • Street: Mcculloch
  • Roof: Shingle

Garage/Parking

  • Garage/Parking: None
  • Unit1CoveredParkingYN: No
  • Unit2CoveredParkingYN: No
  • Unit3CoveredParkingYN: No
  • Unit4CoveredParkingYN: No

Utilities

  • Cooling: Central Air, Electric, Roof Mount Unit(s)
  • Heating: Central, Electric, Heat Pump, Roof Mount Unit(s)
  • Sewer: Public Sewer
  • Utilities: 200 Amp Panel
  • Hot Water: City

Condo/Co-op/Association

  • HOA: No

Fee Information

  • Taxes: 2359.20

Lot Info

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

Rental Info

  • Tenant Pays: Cable/Satellite, Electricity

Multi Family

  • Total Buildings: 1
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Oct 18, 2019
Sold by
Maynard Lloyd W and Maynard Valerie A
Bought by
Thompson Christopher Charles and Thompson Jessica Carolyn
Seller's Agent
Michael Konen
Selman And Associates
Buyer's Agent
Heather Macy
Re/Max By The Lake
List Price
$425,999
Sold Price
$400,000
Premium/Discount to List
-$25,999
-6.1%
Current Estimated Value
$701,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,261
Avg. Annual Appreciation
9.31%
Original Mortgage
$300,000
Outstanding Balance
$263,971
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$407,552

Purchase Details

Listed on
Jun 10, 2016
Closed on
Jul 25, 2016
Sold by
Antes William C and Barrus Bonnie
Bought by
Maynard Lloyd W and Maynard Valerie A
Seller's Agent
Susan Ballard
Selman And Associates
Buyer's Agent
Michael Konen
Selman And Associates
List Price
$274,900
Sold Price
$240,000
Premium/Discount to List
-$34,900
-12.7%

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%

Purchase Details

Closed on
Mar 3, 2005
Sold by
Fitzwater Robert
Bought by
Antes William C and Barrus Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Camkey Llc
Bought by
Fitzwater Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2000
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Keene Dennis M and Keene Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
8.25%
Mortgage Type
New Conventional
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
Thompson Christopher Charles $400,000 Pioneer Title Agency Inc
Maynard Lloyd W $230,000 Chicago Title Agency Inc
Antes William C $335,000 Transnation Title
Fitzwater Robert $199,900 Capital Title Agency Inc
Keene Dennis M $119,990 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Christopher Charles $300,000
Previous Owner Antes William C $251,250
Previous Owner Fitzwater Robert $149,900
Previous Owner Keene Dennis M $63,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2019 10/29/19 Sold $400,000 -6.1% $96 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $425,999 +77.5% $102 / Sq Ft
08/02/2016 08/02/16 Sold $240,000 -12.7% $57 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $274,900 -- $66 / 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 $1,231 -- -- --
2025 $2,494 $85,675 $0 $0
2024 $2,494 $70,186 $0 $0
2023 $2,494 $45,422 $0 $0
2022 $2,387 $41,320 $0 $0
2021 $2,575 $36,930 $0 $0
2019 $2,444 $33,834 $0 $0
2018 $2,359 $32,655 $0 $0
2017 $2,336 $27,261 $0 $0
2016 $2,110 $27,429 $0 $0
2015 $2,020 $22,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Havasu Association of REALTORS®

MLS Number: 1007246

Lake Havasu Association of REALTORS®

APN: 108-19-122A