NOT LISTED FOR SALE

245 Geronimo Ln N Lake Havasu City, AZ 86404

Estimated Value: $602,000 - $762,000

-- Bed
5 Baths
3,459 Sq Ft
$194/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $285,000 $82 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $3,618/month

154 Days on Market

Highlights

  • No HOA
  • Two cooling system units
  • Concrete Flooring
  • Cul-De-Sac
  • Slump Stone Wall
  • Heat Pump System

About This Home

As of December 2014

Looking for that perfect investment property? Excellent income property, This income property has so much to offer, with larger than average units to give you that maximum return of $2200/month. You won't want to miss out on this wonderfully remodeled duplex. Complete renovated, with all new appliances, cabinets, floors, etc. Complete Landscaping with irrigation & lake view. Over 100k in improvements. Fenced back yard with tons of parking. This is a Must see & wonderful opportunity!,

Last Agent to Sell the Property

Lisa Turner

Selman And Associates License #SA521159000 Listed on: 06/11/2014

Last Buyer's Agent

Lisa Turner

Selman And Associates License #SA521159000 Listed on: 06/11/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 58x101x155x125
  • Cul-De-Sac
  • Slump Stone Wall

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Concrete

Utilities

  • Two cooling system units
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for sewer, trash collection, water
  • Legal Lot and Block 23 / 8

Community Details

Overview

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

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Directions: Jamaica to Geronimo to Geronimo Ln
  • New Construction: No
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Year Built: 1972
  • Lot Size Acres: 0.25
  • Lot Size: 58x101x155x125
  • Subdivision Name: Lake Havasu City
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Owner Pays: Sewer, Trash Collection, Water
  • Flooring: Carpet, Concrete, Laminate
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Lot Features: Cul-De-Sac
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Slump Block, Stucco, Wood Frame

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Heat Pump, 2 Units
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: 110 Volts, 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Zoning Description: R2 Two-Family Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1598.0
  • Tax Block: 8
  • Tax Lot: 23
  • Tax Tract: 2235

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2016
Sold by
Rathburn Robert and Rathburn Phyllis
Bought by
Rathburn Robert C and Rathburn Phyllis
Current Estimated Value
$671,606

Purchase Details

Listed on
Jun 11, 2014
Closed on
Nov 18, 2014
Sold by
Barrett Kevin
Bought by
Rathburn Robert and Rathburn Phyllis
Seller's Agent
Lisa Turner
Selman And Associates
Buyer's Agent
Lisa Turner
Selman And Associates
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$198,750
Outstanding Balance
$151,968
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$519,638

Purchase Details

Listed on
Feb 3, 2014
Closed on
Feb 21, 2014
Sold by
Wilson William Michael and Kocheran Jeffrey Burgess
Bought by
Barrett Kevin
Seller's Agent
Donna Ball
Selman And Associates
Buyer's Agent
Lisa Turner
Selman And Associates
List Price
$169,000
Sold Price
$165,000
Premium/Discount to List
-$4,000
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.27%

Purchase Details

Closed on
Mar 6, 2013
Sold by
Wilson William Michael and Kocheran Jeffrey Burgess
Bought by
Wilson William Michael and Kocheran Jeffrey Burgess

Purchase Details

Closed on
Aug 21, 2001
Sold by
Tyson Tracey and Walker David L
Bought by
Wilson William Michael and Kocheran Jeffrey Burgess

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.63%
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
Rathburn Robert C -- None Available
Rathburn Robert $285,000 Pioneer Title Agency Inc
Barrett Kevin $165,000 Pioneer Title Agency Inc
Wilson William Michael -- None Available
Wilson William Michael $130,000 State Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rathburn Robert $198,750
Previous Owner Wilson William Michael $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2014 12/12/14 Sold $285,000 -3.4% $82 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
06/11/2014 06/11/14 For Sale $295,000 +78.8% $85 / Sq Ft
03/10/2014 03/10/14 Sold $165,000 -2.4% $48 / Sq Ft View Prior Sale
02/08/2014 02/08/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $169,000 -- $49 / Sq Ft
Source: Western Arizona REALTOR® Data Exchange (WARDEX)

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 $1,018 -- -- --
2025 $2,063 $70,863 $0 $0
2024 $2,063 $58,052 $0 $0
2023 $2,063 $37,570 $0 $0
2022 $1,974 $34,176 $0 $0
2021 $2,153 $30,545 $0 $0
2019 $2,045 $27,186 $0 $0
2018 $1,975 $27,009 $0 $0
2017 $1,955 $22,878 $0 $0
2016 $1,769 $22,687 $0 $0
2015 $1,694 $18,445 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Donna Ball

    Selman And Associates

  • Lisa Turner

    Seller's Agent in 2014

    Lisa Turner

    Selman And Associates

    (928) 486-8666

    140 in this area

    160 Total Sales

    Lisa Turner
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Map

Source: Western Arizona REALTOR® Data Exchange (WARDEX)

MLS Number: 891497

Western Arizona REALTOR® Data Exchange (WARDEX)

APN: 113-05-103

Arizona Mohave County Lake Havasu City 86404

245 Geronimo Ln N, Lake Havasu City, AZ

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.

Western Arizona REALTOR® Data Exchange (WARDEX) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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