NOT LISTED FOR SALE

6450 E Cave Creek Rd Cave Creek, AZ 85331

Estimated Value: $2,756,239

-- Bed
-- Bath
13,753 Sq Ft
$200/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $1,855,000 $135 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $15,635/month

231 Days on Market

Highlights

  • 1.21 Acre Lot
  • Wood Flooring
  • Display Windows
  • Black Mountain Elementary School Rated A-
  • Elevator
  • Central Air

About This Home

As of November 2020

With gorgeous views of Black Mountain, in the heart of Cave Creek, this building does not disappoint. Great investment opportunity featuring a gym, offices, restaurant space, yoga studios, frontage to the new equestrian pathway, and private parking. Currently at 80% occupancy with room to grow. With the town ever expanding the demand for space like this is becoming a premium! Don't miss out on a stellar building. As Cave Creek continues to expand so does the demand for unbelievable spaces like this.

Last Agent to Sell the Property

Sven Jensen

Real Broker License #SA682273000 Listed on: 12/13/2019

Real Broker

Last Buyer's Agent

Paul Scortea

HomeSmart License #SA656092000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,956

Year Built

  • Built in 2001

Lot Details

  • 1.21 Acre Lot
  • Property is zoned CC

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 13,753 Sq Ft Home
  • Display Windows

Flooring

  • Wood
  • Concrete

Parking

  • 62 Open Parking Spaces
  • 62 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 216-06-017-G

Community Details

Building Details

  • Operating Expense $33,026
  • Net Operating Income $152,086

Additional Features

  • Friers Add 1 Subdivision
  • Elevator

Property Details

Property Type

Other

Est. Annual Taxes

$12,956

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road and School House
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Current Use: Mixed Use, Retail, Service Business, Restaurant, Office
  • Number Of Buildings: 1
  • Year Built: 2001
  • Tax Year: 2019
  • Directions: Just east of School House Road on the North side of Cave Creek Rd.
  • Lot Size Acres: 1.21
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: FRIERS ADD 1
  • Structure Type: Commercial
  • Tax Parcel Letter: G
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood, Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 62.0
  • Total Parking Spaces: 62.0
  • General Property Description:Uncvrd Parking Spcs: 62.0
  • General Property Description:Total Parking Spcs: 62.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes

Utilities

  • Electric: 3 Phase Power, Over 220 Amp, 220 Volts, Individual Meter, APS
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Green Building Features: Public Elevator(s), Display Window(s)
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Public Elevator(s): Yes
  • Amenities:Display Window(s): Yes

Fee Information

  • Trash Expense: 3024.0
  • Annual Water Sewer Expense: 7800.0

Lot Info

  • Lot Size Sq Ft: 52920.0
  • Additional Parcels: No
  • Parcel #: 216-06-017-G
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 4440.0
  • Insurance Expense: 3186.0
  • Property Net Operating Income: 152086.0
  • Annual Operating Expense: 33026.0

Tax Info

  • Tax Annual Amount: 12956.0
  • Tax Book Number: 216.00
  • Tax Lot: 12
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2019
Closed on
Nov 6, 2020
Sold by
Xedo Llc
Bought by
New River Invest Llc
Seller's Agent
Sven Jensen
Real Broker
Buyer's Agent
Paul Scortea
HomeSmart
List Price
$2,250,000
Sold Price
$1,855,000
Premium/Discount to List
-$395,000
-17.56%
Current Estimated Value
$2,756,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$901,239
Avg. Annual Appreciation
8.45%
Original Mortgage
$742,000
Outstanding Balance
$660,750
Interest Rate
2.84%
Mortgage Type
New Conventional
Estimated Equity
$2,095,489

Purchase Details

Closed on
Jan 18, 1999
Sold by
Southwest Holdings Of Colorado Springs L
Bought by
Xedo Llc

Purchase Details

Closed on
Oct 22, 1997
Sold by
Cave Creek Commercial I Ltd
Bought by
Southwest Holdings Colorado Springs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.36%
Mortgage Type
Seller Take Back
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
New River Invest Llc $1,855,000 Chicago Title Agency
Xedo Llc $450,000 Security Title Agency
Southwest Holdings Colorado Springs Llc $240,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New River Invest Llc $742,000
Closed New River Invest Llc $899,675
Previous Owner Southwest Holdings Colorado Springs Llc $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $1,855,000 -17.6% $135 / Sq Ft
12/12/2019 12/12/19 For Sale $2,250,000 -- $164 / 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
2025 $12,267 $257,470 -- --
2024 $11,974 $252,872 -- --
2023 $11,974 $474,249 $134,079 $340,170
2022 $12,083 $439,268 $122,780 $316,488
2021 $13,557 $446,706 $126,288 $320,418
2020 $13,335 $415,908 $94,824 $321,084
2019 $12,956 $397,890 $90,306 $307,584
2018 $12,520 $383,976 $85,104 $298,872
2017 $12,116 $342,450 $85,104 $257,346
2016 $12,072 $302,490 $70,974 $231,516
2015 $11,673 $182,762 $53,188 $129,574
Source: Public Records

Agents Affiliated with this Home

  • Sven Jensen

    Seller's Agent in 2020

    Sven Jensen

    Real Broker

    (480) 299-1191

    1 in this area

    10 Total Sales

    Sven Jensen
    Section Image
  • Paul Scortea

    Buyer's Agent in 2020

    Paul Scortea

    HomeSmart

    (623) 326-9036

    1 in this area

    10 Total Sales

    Paul Scortea
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6013981

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-06-017G

Arizona Maricopa County Cave Creek 85331

6450 E Cave Creek Rd, Cave Creek, AZ

This home is located at 6450 E Cave Creek Rd, Cave Creek, AZ 85331 since 13 December 2019 and is currently estimated at $2,756,239, approximately $200 per square foot. This property was built in 2001. 6450 E Cave Creek Rd is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails 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