NOT LISTED FOR SALE

3980 Mission Ln Cottonwood, AZ 86326

Verde Village Neighborhood

Estimated Value: $711,000 - $813,000

-- Bed
8 Baths
2,126 Sq Ft
$356/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $698,325 $328 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,300/month

18 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Window Unit Heating System
  • 10 Car Attached Garage

About This Home

As of March 2023

Jumbo 4plex in booming Cottonwood. Built in 1987. 3 BR/1.5 BA lower units;3 BR/2BA upper units. 1063 sf/unit average. Generous 10,853 sf lot. $164/SF is hard to find. Garage for upper units. Great views of mountains. Actual rents: $1,200/$1,275/$1,325/ $1,270. $5,070/month gross or $60,840/year on rents. New stucco siding/painting at a cost of $42,000. Unit 7 has a recently upgraded kitchen/bathroom. Value-add w/ high ceiling. Cottonwood rental demand is off the charts. Only $164/sf in one of the hottest rental markets in AZ. Compare this to the much higher prices/sf in the Valley! Rents could be much higher, especially with cosmetic upgrades. Just 30 minutes to the heart of Sedona or Prescott! Corner lot, 2nd address is 2460 S Highview Cir. Buyer to complete/rely on own due diligence.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 01/28/2023

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Bryan Lawrence

LPT Realty, LLC License #SA689690000

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,055

Year Built

  • Built in 1987

Lot Details

  • 9,583

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 10 Car Attached Garage
  • 4 Open Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 691
  • Assessor Parcel Number 406-46-485

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10854
  • Verde Village Unit 2 Subdivision

Building Details

  • Operating Expense $13,755
  • Gross Income $58,368
  • Net Operating Income $44,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,055

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Western off 260
  • Legal Info Range: 03E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2022
  • Directions: From I-17, exit 287 AZ-260 to Western.
  • Road Surface Type: Gravel
  • Subdivision Name: VERDE VILLAGE UNIT 2
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Other, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Other, Attached, >1 Space Per Unit, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Evaporative Cooling, Other, Window/Wall Unit
  • Heating: Other, See Remarks, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:WindowWall Unit(s): Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Mingus Union High School District

Lot Info

  • Lot Size: 10854
  • Additional Parcels: No
  • Parcel #: 406-46-485

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 58368.0
  • Property Net Operating Income: 44043.0
  • Annual Operating Expense: 13755.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1055.0
  • Tax Book Number: 406.00
  • Tax Lot: 691

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2023
Closed on
Mar 8, 2023
Sold by
Thaddeus J Lis And Nancy A Lis Revocable
Bought by
Maluana Armando and Maluana Henriqueta Manjate
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Bryan Lawrence
LPT Realty, LLC
List Price
$699,000
Sold Price
$698,325
Premium/Discount to List
-$675
-0.1%
Views
93
Current Estimated Value
$756,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,372
Avg. Annual Appreciation
0.97%
Original Mortgage
$628,493
Outstanding Balance
$567,306
Interest Rate
5.14%
Mortgage Type
Balloon
Estimated Equity
$147,801

Purchase Details

Closed on
Dec 3, 2002
Sold by
Theis James Edward
Bought by
Lis Thaddius J and Lis Nancy A
Source: Public Records

Range of Values:

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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
Maluana Armando $698,325 Emerald Title
Thaddeus J Lis And Nancy A Lis Revocable Decl -- Emerald Title
Lis Thaddius J $60,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maluana Armando $628,493
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $698,325 -0.1% $328 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
01/28/2023 01/28/23 For Sale $699,000 -- $329 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,224 $56,638 -- --
2024 $2,146 $58,102 -- --
2023 $2,146 $45,340 $3,534 $41,806
2022 $2,110 $35,147 $2,854 $32,293
2021 $2,169 $33,493 $2,985 $30,508
2020 $2,131 $0 $0 $0
2019 $2,094 $0 $0 $0
2018 $2,017 $0 $0 $0
2017 $1,935 $0 $0 $0
2016 $1,882 $0 $0 $0
2015 -- $0 $0 $0
2014 $1,673 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    1 in this area

    51 Total Sales

    James Stephens
    Section Image

  • B

    Buyer's Agent in 2023

    Bryan Lawrence

    LPT Realty, LLC

    (480) 722-9800

    1 in this area

    37 Total Sales

    Bryan Lawrence
    Section Image

  • G

    Buyer Co-Listing Agent in 2023

    Garrett Lyon

    LPT Realty, LLC

    (480) 733-8500

    1 in this area

    425 Total Sales

    Garrett Lyon
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6513851

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-46-485

Arizona Yavapai County Cottonwood 86326 Verde Village

3980 Mission Ln, Cottonwood, AZ

This home is located at 3980 Mission Ln, Cottonwood, AZ 86326 since 28 January 2023 and is currently estimated at $756,697, approximately $355 per square foot. This property was built in 1987. 3980 Mission Ln is a home located in Yavapai County with nearby schools including Dr Daniel Bright Elementary School, Cottonwood Elementary School, and Cottonwood Community School.

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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