NOT LISTED FOR SALE

593 E White Mountain Blvd Pine Top, AZ 85935

Estimated Value: $751,381

Studio
-- Bath
5,435 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $435,000 $80 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,376/month

301 Days on Market

About This Home

As of September 2020

This is a partially operating business. The hotel is not being rented to its capacity and the owner is selling the land and building. Pinetop is a great tourist town and run to its capacity it can become an income producer. Can be converted to group home or shelter as several rooms have kitchenette.

Last Agent to Sell the Property

Vicenta Rodriguez

Banuelos Real Estate Group License #BR523128000 Listed on: 09/23/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,092

Year Built

  • Built in 1963

Lot Details

  • 0.56 Acre Lot
  • Additional Parcels
  • Property is zoned Motel

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 5,435 Sq Ft Home
  • Wood Flooring

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot C
  • Assessor Parcel Number 311-28-038-A

Community Details

Overview

  • 2 Buildings
  • Pinetop Hills Unit 2 Subdivision

Building Details

  • Operating Expense $26,992
  • Net Operating Income $22,000

Property Details

Property Type

Other

Est. Annual Taxes

$5,092

Year Built

Built in 1963

Lot Details

0.56 Acres

Listing Details

  • Cross Street: Highway 260, White Mountain Blvd
  • Property Type: Comm/Industry Sale
  • Zoning: Motel
  • Number Of Buildings: 2
  • Year Built: 1963
  • Tax Year: 2018
  • Lot Size Acres: 0.56
  • Subdivision Name: PINETOP HILLS UNIT 2
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Other, Wall/Window Unit(s), See Remarks
  • Heating: Electric, Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Fee Information

  • Annual Fuel Expense: 3000.0
  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2000.0

Lot Info

  • Lot Size Sq Ft: 24394.0
  • Additional Parcels: Yes
  • Parcel #: 311-28-038-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 10000.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 22000.0
  • Annual Operating Expense: 26992.0
  • Vacancy Allowance Rate: 0.15

Tax Info

  • Tax Annual Amount: 5092.0
  • Tax Book Number: 311.00
  • Tax Lot: C
  • Tax Map Number: 28.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Aug 18, 2020
Sold by
Emi I Llc
Bought by
White Mountain Rei Llc
Seller's Agent
Vicenta Rodriguez
Banuelos Real Estate Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$499,000
Sold Price
$435,000
Premium/Discount to List
-$64,000
-12.83%
Current Estimated Value
$751,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,381
Avg. Annual Appreciation
10.35%
Original Mortgage
$392,000
Outstanding Balance
$345,496
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$405,885

Purchase Details

Closed on
Mar 1, 2010
Sold by
Banuelos Emilia C
Bought by
Emi I Llc
Source: Public Records
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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
White Mountain Rei Llc $435,000 Lawyers Title Of Arizona Inc
Emi I Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Mountain Rei Llc $392,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $435,000 -12.8% $80 / Sq Ft
08/28/2020 08/28/20 Price Changed $499,000 0.0% $92 / Sq Ft
08/10/2020 08/10/20 For Sale $499,000 0.0% $92 / Sq Ft
08/10/2020 08/10/20 Price Changed $499,000 0.0% $92 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $499,000 +14.7% $92 / Sq Ft
05/01/2020 05/01/20 Off Market $435,000 -- --
09/23/2019 09/23/19 For Sale $499,000 -- $92 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $5,088 -- -- --
2025 $5,005 $90,902 $21,082 $69,820
2024 $4,715 $86,337 $21,082 $65,255
2023 $5,005 $37,865 $9,760 $28,105
2022 $4,715 $0 $0 $0
2021 $5,289 $0 $0 $0
2020 $5,140 $0 $0 $0
2019 $5,162 $0 $0 $0
2018 $5,092 $0 $0 $0
2017 $4,857 $0 $0 $0
2016 $4,201 $0 $0 $0
2015 $3,986 $21,575 $9,760 $11,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5982205

Arizona Regional Multiple Listing Service (ARMLS)

APN: 311-28-038A

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