NOT LISTED FOR SALE

300 W Frontier St Unit 17 Payson, AZ 85541

Estimated Value: $163,000 - $266,000

Studio
-- Bath
680 Sq Ft
$305/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2020

Last sale price $1,482,000 $2,179 Per Sq Ft

Current estimated payment $1,161 / mo

41 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System

About This Home

As of February 2020

19 unit portfolio of condos within the 42 unit West Frontier Condominiums located in beautiful Payson. Built in 1985 the property has recently received numerous recent upgrades by the HOA resulting in an immaculate and well maintained project.
Most (16) of the 19 units were refurbished in 2017-2019 allowing access to expanding market rents. Tenants pay electricity and the owner-paid monthly dues of $175/unit cover water-sewer-trash along with insurance, landscaping, property maintenance, repair and management. The Offering of 19 condos consists of 6 (1X1) and 13 (2X1) units.
There are an additional eight (8) units from a different owner that may be purchased in connection with this offering. This would bring the total to 27 units– for mathematical control of the HOA & better financi

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 11/22/2019

Last Buyer's Agent

Dan Peterson

OnPoint Acquisitions, LLC License #BR008088000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,763

Year Built

  • Built in 1985

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 62 Open Parking Spaces
  • 62 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 17 total
  • Assessor Parcel Number 304-08-142-B

Community Details

Overview

  • 5 Buildings
  • 19 Units
  • Building Dimensions are irreg
  • Frontier Condominiums Subdivision

Building Details

  • Operating Expense $77,682
  • Gross Income $175,384
  • Net Operating Income $101,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,763

Year Built

Built in 1985

Lot Details

871 Sq Ft Lot

Listing Details

  • Legal Info Range: 10E
  • Property Type: Multiple Dwellings
  • Zoning: RENTAL RESID
  • Number Of Buildings: 5
  • Ownership: Condominium
  • Year Built: 1985
  • Tax Year: 2019
  • Road Surface Type: Asphalt, Concrete, Sidewalk(s)
  • Professional Management Expense: 18000.0
  • Subdivision Name: FRONTIER CONDOMINIUMS
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl, Wood
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 62.0
  • Total Parking Spaces: 62.0
  • General Property Description:Uncvrd Parking Spcs: 62.0
  • General Property Description:Total Parking Spcs: 62.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Lot Info

  • Lot Size: irreg
  • Additional Parcels: Yes
  • Parcel #: 304-08-142-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 19
  • Electric Expense: 555.0
  • Annual Gross Income: 175384.25
  • Insurance Expense: 5324.0
  • Maintenance Expense: 6400.0
  • Property Net Operating Income: 101965.0
  • Annual Operating Expense: 77682.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6763.0
  • Tax Book Number: 304.00
  • Tax Lot: 17 total

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2023
Sold by
Bought by
Current Estimated Value
$207,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,100,000
Outstanding Balance
$4,915,322
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
-$4,707,863

Purchase Details

Listed on
Nov 22, 2019
Closed on
Feb 11, 2020
Sold by
Bought by
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Dan Peterson
OnPoint Acquisitions, LLC
List Price
$1,549,000
Sold Price
$1,482,000
Premium/Discount to List
-$67,000
-4.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.77%

Purchase Details

Closed on
Aug 25, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,442
Interest Rate
6.66%
Mortgage Type
Seller Take Back
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,425,000 Pioneer Title
$1,482,000 Pioneer Title Agency Inc
$34,000 Pioneer Title Agency
$52,000 Pioneer Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,100,000
Previous Owner $17,000
Previous Owner $52,442
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $1,482,000 -4.3% $2,179 / Sq Ft
11/22/2019 11/22/19 For Sale $1,549,000 -- $2,278 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $491 $13,886 $2,648 $11,238
2025 $491 -- -- --
2024 $458 $4,813 $0 $4,813
2023 $458 $4,512 $239 $4,273
2022 $444 $4,512 $239 $4,273
2021 $417 $4,512 $239 $4,273
2020 $401 $0 $0 $0
2019 $389 $0 $0 $0
2018 $366 $0 $0 $0
2017 $341 $0 $0 $0
2016 $334 $0 $0 $0
2015 $304 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Trevey

    REI Marketing

  • D

    Buyer's Agent in 2020

    Dan Peterson

    OnPoint Acquisitions, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6009726

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-08-142B

Arizona Gila County Payson 85541

300 W Frontier St Unit 17, Payson, 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.

Arizona Regional Multiple Listing Service (ARMLS) 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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