NOT LISTED FOR SALE

5185 N Lookout Point Rd Lake Montezuma, AZ 86335

Lake Montezuma Neighborhood

Estimated Value: $317,248

4.39 Acres
$72,266 Price per Acre
191,228 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $274,000

Est. 16% increase in value since last sale

Current estimated payment $1,875/month

249 Days on Market

Highlights

  • Panoramic View
  • 4.39 Acre Lot
  • Level Lot

About This Lot

As of June 2021

This incredible, level 4.39-acre commercial property in Rimrock is ideally situated between Beaver Creek Rd. & Montezuma Lake Ave. and offers fantastic potential. This well trafficked parcel is adjacent to the Rimrock Post Office and behind the Beaver Creek Gasmart and is zoned C1-35 & R1-35. Possible uses include: Retail, Restaurant/Cafe, Bank, Office Building, Hotel/Motel, Religious Institutions & Service Stations and more. Buyer to verify the R1-35 zoning. This property is available from either Beaver Creek Rd. or Lake Montezuma Ave & accessible within 4 minutes from Interstate 17. The Rimrock/ Beaver Creek area is a great community that supports its businesses! see the Yavapai County Plat

Last Agent to Sell the Property

James French

Russ Lyon Sotheby's Intl Rlty License #SA517242000 Listed on: 09/03/2020

Russ Lyon Sotheby's Intl Rlty

Last Buyer's Agent

James French

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,286

Lot Details

  • 4.39 Acre Lot
  • Lot Dimensions are 289.97 x 633.08 x 318.49 x 318.48
  • North Facing Home
  • Level Lot

Property Views

  • Panoramic
  • City
  • Mountain
  • Desert

Additional Features

  • Flood Zone Lot
  • Private Water Source

Community Details

  • Commercial Only Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$2,286

Lot Details

0

Listing Details

  • Sub Type: Industrial
  • Pet Privileges: Domestics
  • Amount of Taxes: 2286.00
  • Lot Acreage: 4.39
  • House Faces: N
  • Directions: I-17 TO McGuireville exit. Take E Beaver Creek Rd towards Rimrock. Stay to the right at the Y by the gas station/ convenience store.Property is on the corner of N Montezuma Lake Rd and N Lookout Point Rd
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Flood Zone: Verify, Zone X
  • Location: View
  • Property Type: Land
  • Road Access: Paved
  • Road Maintenance: County Maintained
  • Views: City, Desert, Mountains, Panoramic
  • Subdivision: Commercial Only
  • Utilities Available: Electricity, Private Water

Lot Info

  • Lot Dimensions: 289.97 x 633.08 x 318.49 x 318.48
  • Topography: Level

Tax Info

  • Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Jun 5, 2021
Sold by
Unicorn Llc
Bought by
Terrapin Holdings Llc
Seller's Agent
James French
Russ Lyon Sotheby's Intl Rlty
Buyer's Agent
James French
List Price
$329,900
Sold Price
$274,000
Premium/Discount to List
-$55,900
-16.94%
Current Estimated Value
$317,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,248
Avg. Annual Appreciation
3.48%

Purchase Details

Listed on
May 6, 2019
Closed on
Dec 30, 2019
Sold by
A F W Llc
Bought by
Unicorn Llc
Seller's Agent
Douglas Eagen
Buyer's Agent
Jerry Butterbrodt
Century 21 Sexton Realty
List Price
$149,900
Sold Price
$110,000
Premium/Discount to List
-$39,900
-26.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.65%
Original Mortgage
$71,500
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 17, 1998
Sold by
Cobb Paula Kay and Cobb Joseph W
Bought by
A F W Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 28, 1997
Sold by
Jamison Family Ltd Partnership
Bought by
Cobb Joseph W and Cobb Paula Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 19, 1997
Sold by
Cjm Investment Company
Bought by
Cobb Joseph W and Cobb Paula Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 1, 1996
Sold by
Jamison Jim and Jamison Darleen
Bought by
Jamison Family Ltd Partnership
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
Terrapin Holdings Llc $274,000 Pioneer Title Agency
Unicorn Llc $110,000 Yavapai Title
A F W Llc $235,000 Transnation Title Ins Co
Cobb Joseph W -- Transnation Title Ins Co
Cobb Joseph W $225,000 Transnation Title Ins Co
Jamison Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Unicorn Llc $71,500
Previous Owner A F W Llc $200,000
Previous Owner A F W Llc $48,000
Previous Owner Cobb Joseph W $175,000
Closed A F W Llc $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $274,000 -16.9% --
05/10/2021 05/10/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $329,900 0.0% --
04/19/2021 04/19/21 Price Changed $329,900 +26.9% --
04/09/2021 04/09/21 Pending -- -- --
02/17/2021 02/17/21 Price Changed $259,900 -7.1% --
09/03/2020 09/03/20 For Sale $279,900 +154.5% --
12/31/2019 12/31/19 Sold $110,000 -14.7% --
11/08/2019 11/08/19 Pending -- -- --
10/02/2019 10/02/19 Price Changed $129,000 -13.9% --
05/06/2019 05/06/19 For Sale $149,900 -- --
Source: Sedona Verde Valley 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 $1,800 -- -- --
2024 $1,743 -- -- --
2023 $1,743 $18,621 $18,621 $0
2022 $1,810 $15,145 $15,145 $0
2021 $1,730 $13,769 $13,769 $0
2020 $1,771 $0 $0 $0
2019 $2,286 $0 $0 $0
2018 $2,321 $0 $0 $0
2017 $2,695 $0 $0 $0
2016 $2,736 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    James French

    Russ Lyon Sotheby's Intl Rlty

    (928) 300-9654

    4 in this area

    88 Total Sales

    James French
    Section Image

  • D

    Seller's Agent in 2019

    Douglas Eagen

    Section Image

  • J

    Buyer's Agent in 2019

    Jerry Butterbrodt

    Century 21 Sexton Realty

  • Gerald Butterbrodt

    Buyer's Agent in 2019

    Gerald Butterbrodt

    Better Homes and Gardens Real

    (928) 821-1766

    17 in this area

    78 Total Sales

    Gerald Butterbrodt
    Section Image
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Map

Source: Sedona Verde Valley Association of REALTORS®

MLS Number: 524091

Sedona Verde Valley Association of REALTORS®

APN: 405-14-017

Arizona Yavapai County Lake Montezuma 86335 Lake Montezuma

5185 N Lookout Point Rd, Lake Montezuma, AZ

This home is located at 5185 N Lookout Point Rd, Lake Montezuma, AZ 86335 since 03 September 2020 and is currently estimated at $317,248. 5185 N Lookout Point Rd is a home located in Yavapai County with nearby schools including Beaver Creek School and Sedona Sky Academy.

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.

Sedona Verde Valley Association of REALTORS® 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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