NOT LISTED FOR SALE

2885 Palisades Dr Lake Havasu City, AZ 86404

Estimated Value: $482,000 - $495,000

4 Beds
4 Baths
1,951 Sq Ft
$251/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $475,000 $243 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,806/month

Highlights

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

About This Home

As of October 2022

Rents going up to $1,500 per side starting November 1st! What an amazing Investment Opportunity!! This beautiful Duplex was built in 2002 and offers 2 Bedrooms, 2 Bathrooms, and a 2 car garage per unit with a fenced backyards and additional side parking on both units. Tenants currently on both sides.

Last Agent to Sell the Property

Eric Gedalje

eXp Realty License #SA661681000 Listed on: 10/05/2022

eXp Realty

Last Buyer's Agent

Janecek & Gedalje Group

Keller Williams Arizona Living Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,273

Year Built

  • Built in 2002

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 99x125x100x125

Parking

  • Attached Garage

Home Design

  • 1,951 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Central Heating and Cooling System
  • Public Septic

Community Details

  • No Home Owners Association
  • 2 Units
  • Built by Tony Caputo Builders
  • Lake Havasu City Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Block 8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,273

Year Built

Built in 2002

Lot Details

0

Listing Details

  • FILLACRES: 0.29
  • ApxLotDim: 99x125x100x125
  • Directions: Turn right onto Palisades from Kiowa.
  • Listing Member Name: The Gedalje Group
  • Listing Office Short Id: exprealtyjgg
  • List Type: Exclusive Right To Sell
  • Lot Sq Ft: 12502.00
  • Open House Office I D: 20211102231144368584000000
  • Prop. Type: Multi-Family
  • Selling Member Short Id: jfteam
  • Selling Office Short Id: exprealtyjgg
  • OFFICELIST_STATE: AZ
  • Road Frontage Feet: 99
  • Year Built: 2002
  • Estimated Total Sq Ft: 1951.00
  • Multi Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: LOT 3 BLOCK 8 TRACT 2226 LAKE HAVASU CITY
  • Limited Service: No
  • Interior Flooring: Carpet, Each Unit Different, Laminate Wood, Tile
  • New Construction: No

Exterior Features

  • Builder Name: Tony Caputo Builders
  • Exterior Construction: Stucco, Wood Frame
  • Lot: 3
  • Pool: No
  • Street: Palisades
  • Roof: Shingle

Garage/Parking

  • Garage/Parking: Attached, Door - 7 Ft Height, Side Parking 8-10 Ft +
  • Unit1CoveredParkingYN: Yes
  • Unit1GarageDepth: 22-27
  • Unit1GarageSpaces: 2
  • Unit2CoveredParkingYN: Yes
  • Unit2GarageDepth: 22-27
  • Unit2GarageSpaces: 2

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: 1273.00

Lot Info

  • Zoning: L-R-3 Limited-Multiple Family Res

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Total Buildings: 1
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Sep 29, 2022
Sold by
Mcnally Joseph A
Bought by
Ramirez Dina F and Henderson Arlanda R
Seller's Agent
Eric Gedalje
eXp Realty
Buyer's Agent
Janecek & Gedalje Group
Keller Williams Arizona Living Realty
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$489,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,063
Avg. Annual Appreciation
1.29%

Purchase Details

Closed on
Jun 30, 2021
Sold by
Mcnally Molly Rabecca
Bought by
Mcnally Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2021
Sold by
Mcfowleraz Llc
Bought by
Mcnally Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2019
Sold by
Mcnally Joseph A and Mcnally Molly Rebecca
Bought by
Mcfowleraz Llc Series 3

Purchase Details

Listed on
May 10, 2017
Closed on
Jul 25, 2017
Sold by
Follis Kenneth W and Follis Betty Jo
Bought by
Mcnally Joseph A and Mcnally Molly Recca
Seller's Agent
Bobby & Julie Lewis Team
Coldwell Banker Realty
Buyer's Agent
Bobby & Julie Lewis Team
Coldwell Banker Realty
List Price
$238,747
Sold Price
$230,000
Premium/Discount to List
-$8,747
-3.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$174,375
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2003
Sold by
Hundley James L
Bought by
Follis Kenneth W and Follis Betty Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2002
Sold by
Fisher Tim Michael and Fisher Julie
Bought by
Hundley James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
6.87%

Purchase Details

Closed on
May 18, 2001
Sold by
Oberhaus Nancy L and Krause Nancy
Bought by
Fisher Tim Michael and Fisher Julie
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
Ramirez Dina F $475,000 Pioneer Title
Mcnally Joseph A -- Premier Title Agency
Mcnally Joseph A -- None Available
Mcfowleraz Llc Series 3 -- None Available
Mcnally Joseph A $230,000 Summerlin Title Agency
Follis Kenneth W $194,000 Capital Title Agency Inc
Hundley James L $163,200 First American Title
Fisher Tim Michael $8,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnally Joseph A $167,000
Previous Owner Mcnally Joseph A $174,375
Previous Owner Follis Kenneth W $145,500
Previous Owner Hundley James L $129,600
Closed Hundley James L $24,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $475,000 0.0% $243 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $475,000 +106.5% $243 / Sq Ft
07/28/2017 07/28/17 Sold $230,000 -3.7% $118 / Sq Ft
06/21/2017 06/21/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $238,747 -- $122 / 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 $1,164 $39,970 $0 $0
2024 $1,164 $32,743 $0 $0
2023 $1,164 $21,191 $0 $0
2022 $1,114 $19,277 $0 $0
2021 $1,273 $17,229 $0 $0
2019 $1,212 $16,812 $0 $0
2018 $1,172 $15,234 $0 $0
2017 $1,161 $12,695 $0 $0
2016 $1,056 $12,797 $0 $0
2015 $1,014 $10,404 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Havasu Association of REALTORS®

MLS Number: 1023380

Lake Havasu Association of REALTORS®

APN: 104-40-109