NOT LISTED FOR SALE

Estimated Value: $621,726 - $760,000

-- Bed
-- Bath
2,080 Sq Ft
$317/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $550,000 $264 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,738/month

59 Days on Market

Highlights

  • Central Heating
  • Thomas Elementary School Rated 9+
  • 5-minute walk to Bushmaster Park

About This Home

As of January 2024

This lovely duplex is located in a popular residential neighborhood and provides an excellent opportunity for both homeowners and investors.

Nestled in the heart of Flagstaff this property includes a 3 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. Both apartments are single level and each have laundry hook-ups, covered back patios, individually fenced private rear yards and a newer roof.

This is also an excellent opportunity for a qualified Buyer to acquire a multifamily property in Flagstaff with as little as 10% down payment and SELLER CARRYBACK FINANCING. Avoid paying points, mortgage insurance and high conventional loan fees. Live in one unit and rent the other unit (long or short term) to offset your mortgage, or hold as an investment.

The 2 bedroom unit is currently leased month to month and the 3 bedroom unit is vacant with fresh paint and new flooring. There is also a large bonus area and separate entrance in the 3 bedroom unit and a room that was formerly used as a photo darkroom with a sink that could become a second bathroom.

NO HOA means lots of flexibility for you to be the steward of your new property.

Last Agent to Sell the Property

Bruce Bourne

Linton Real Estate License #BR102094000 Listed on: 12/01/2023

Co-Listed By

Amelia Pulido

Linton Real Estate License #SA670252000

Last Buyer's Agent

Patricia Rose Realtor, Flagstaff,

RE/MAX Fine Properties License #BR652580000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,074

Year Built

  • Built in 1966

Lot Details

  • 7,710

Home Design

  • 2,080 Sq Ft Home
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Masonry

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 10803161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,074

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Duplex, Triplex, 4-Plex, 8-Plex
  • Property Type: Multi-Family
  • Year Built: 1966
  • Co List Office Mls Id: 22805
  • Co List Office Phone: 928-779-4411
  • Co List Office Phone: 928-779-4411
  • MLS Status: Closed
  • Location Tax Legal:Taxes2: 2074.0
  • Location Tax Legal:Tax Year2: 2023
  • Roof:Asphalt Shingle: Yes
  • Utilities:Electric3: Yes
  • Utilities:Telephone2: Yes
  • Utilities Sewer: Yes
  • General Property Description:_pound_ of Units: 2
  • Special Features: None

Interior Features

  • Utilities: Sewer Connected, City Water, Electricity Available, Phone Available, Cable Available
  • Cross Street: Linda Vista Dr
  • Heating System: Natural Gas, Central

Exterior Features

  • Construction:Frame - Wood: Yes
  • Construction:Masonry: Yes

Utilities

  • HeatingYN: Yes
  • Heating:Central: Yes

Lot Info

  • Parcel Number: 10803161

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2074.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Jan 31, 2024
Sold by
Loomis Family Trust
Bought by
Hoffmann Blake and Sheehan Sophia
Seller's Agent
Bruce Bourne
Linton Real Estate
Buyer's Agent
Patricia Rose Realtor, Flagstaff,
RE/MAX Fine Properties
List Price
$585,000
Sold Price
$550,000
Premium/Discount to List
-$35,000
-5.98%
Views
24
Current Estimated Value
$659,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,182
Avg. Annual Appreciation
7.67%
Original Mortgage
$495,000
Outstanding Balance
$488,643
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Estimated Equity
$128,135

Purchase Details

Closed on
Aug 14, 1996
Sold by
Rickner Steven G
Bought by
Loomis William F and Loomis Ruth F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hoffmann Blake -- Pioneer Title
Loomis William F $135,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmann Blake $495,000
Previous Owner Loomis William F $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $550,000 -6.0% $264 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $585,000 0.0% $281 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/21/2023 10/21/23 For Sale $585,000 -- $281 / Sq Ft
Source: Northern Arizona 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
2024 $1,753 $46,774 -- --
2023 $2,074 $37,321 $0 $0
2022 $1,947 $30,716 $0 $0
2021 $1,893 $29,322 $0 $0
2020 $1,840 $27,080 $0 $0
2019 $1,805 $23,396 $0 $0
2018 $1,756 $21,257 $0 $0
2017 $1,652 $19,682 $0 $0
2016 $1,643 $17,943 $0 $0
2015 $1,546 $17,485 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Arizona Association of REALTORS®

MLS Number: 195087

Northern Arizona Association of REALTORS®

APN: 108-03-161