NOT LISTED FOR SALE

57564 Arizona 188 Payson, AZ 85541

-- Bed
-- Bath
1,981 Sq Ft
0.69 Acres

Last Sold March 08, 2019

Last sale price $349,000 $176 Per Sq Ft

37 Days on Market

Highlights

  • Community Kitchen
  • Central Air
  • Heating System Uses Natural Gas
  • Stone Flooring
  • Wood Fence

About This Home

As of March 2019

Jake's Corner Bar and Grill is a notoriously successful and very popular bar
and restaurant in Gila County located between Payson and Globe Arizona along the Highway 188 corridor that runs
through Tonto Basin alongside of Roosevelt Lake. Originally a stage stop ''Jake's Corner'' has evolved into a community with its own Gas station and convenience store, and RV park and a
very popular Bar and Grill.. which is known as JAKE'S CORNER BAR AND GRILL- this is what is being offered for sale. After a fire in 1999, the property was completely rebuilt to modern code. Priced to sell as the commercial value of the property and Liquor license alone is more than list price. Plus $100 in FF&E and a very profitable and successful bar and restaurant included ! Be sure to click documents tab for FLIE

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 01/09/2019

Last Buyer's Agent

Melody Bramer

Keller Williams Integrity First License #SA526989000

Keller Williams Integrity First

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 2000

Lot Details

  • 0.69 Acre Lot
  • Wood Fence
  • Property is zoned Comm

Home Design

  • 1,981 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof

Flooring

  • Stone
  • Concrete

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Free Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 144
  • Assessor Parcel Number 304-37-006-K

Community Details

Building Details

  • Operating Expense $153,876
  • Gross Income $355,000
  • Net Operating Income $76,858

Additional Features

  • 2 Buildings
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$4,734

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: Highway 87 to HWY 188
  • Legal Info Range: 10E
  • Property Type: Comm/Industry Sale
  • Zoning: Comm
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2000
  • Tax Year: 2018
  • Directions: Beeline Highway 87 (Country Club exit from 202 FWY) northeast 49 miles to Highway 188 turnoff- go right 4 miles on right side of road.
  • Lot Size Acres: 0.69
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete
  • Living Area: 1981.0

Exterior Features

  • Fencing: Wood
  • Disclosures: Boundary Survey Avlb, Water Well Report, Seller Prop Disc Stm, Appraisal
  • Construction Type: Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Office Evap
  • Heating: Heat Pump, Electric, Natural Gas
  • Green Building Features: Kitchen
  • Water Source: Domestic Well
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 304-37-006-K
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 28000.0
  • Annual Gross Income: 355000.0
  • Insurance Expense: 5917.0
  • Maintenance Expense: 9000.0
  • Property Net Operating Income: 76858.0
  • Annual Operating Expense: 153876.0

Tax Info

  • Tax Annual Amount: 4734.0
  • Tax Book Number: 304.00
  • Tax Lot: 144
  • Tax Map Number: 37.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2019 03/08/19 Sold $349,000 -0.3% $176 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $349,900 -- $177 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Scott Trevey

    REI Marketing

  • Melody Bramer

    Buyer's Agent in 2019

    Melody Bramer

    Keller Williams Integrity First

    (602) 290-3643

    20 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5865160

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Gila County Payson 85541

57564 Arizona 188, Payson, AZ

This home is located at 57564 Arizona 188, Payson, AZ 85541 since 09 January 2019. This property was built in 2000. 57564 Arizona 188 is a home located in Gila County with nearby schools including Julia Randall Elementary School, Payson Elementary School, and Rim Country Middle 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

Nearby Homes