NOT LISTED FOR SALE

Estimated Value: $457,000

-- Bed
10 Baths
2,064 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $3,750,000 $1,817 Per Sq Ft

Current estimated payment $2,599/month

71 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Multiple Heating Units
  • Game Room
  • Resident Manager or Management On Site

About This Home

As of September 2022

Priced to sell quickly: Introducing Bell View Villas at Sedona Bell Rock! This 10 unit individually parceled condo building sits in highly desirable Sedona; voted most beautiful place on earth! Comprised of spacious 1 bedroom/1 bath and 2 bedroom/1 bath units w/ample 20 parking spaces & private and inviting backyard space for the tenants. Total of 11 parcels; one common area-includes 2 (approx 16x13) storage rooms that could be leasing office and game/snacks for additional income revenue or exercise room/conference/gathering space for value add tenant amenities. Individually metered for electricity, Owner pays water/sewer/garbage. Class A interiors include granite counters in kitchen and baths, full tiled showers, stainless appliances, interior laundry, balcony/patios & more!

Last Agent to Sell the Property

Denise Pias

RE/MAX Alliance Group License #BR525044000 Listed on: 05/10/2022

RE/MAX Alliance Group

Last Buyer's Agent

Denise Pias

RE/MAX Alliance Group License #BR525044000 Listed on: 05/10/2022

RE/MAX Alliance Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,336

Year Built

  • Built in 1979

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Steel Frame
  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System
  • Individual Controls for Heating
  • Private Water Source

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot ABCDEFGHJK&L
  • Assessor Parcel Number 405-27-269-L

Community Details

Overview

  • 10 Units
  • Building Dimensions are corner

Building Details

  • Operating Expense $25,260
  • Gross Income $281,580
  • Net Operating Income $271,140

Additional Features

  • Game Room
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,336

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Bell Rock & Hwy 179
  • Property Type: Multiple Dwellings
  • Zoning: Condos
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2021
  • Directions: West on Bell Rock Blvd., to property on north side of street
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: L
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Community Features GameRec Room: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Steel Frame, Wood Frame, Brick Veneer, Painted, Stucco
  • Roof: Tile, Foam
  • Construction:Steel Frame: Yes

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Individual, 2 or More Units
  • Heating: Individual, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Game/Rec Room, Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Interior Amenities:Partially Furnished: Yes

Fee Information

  • Trash Expense: 1140.0
  • Annual Water Sewer Expense: 2040.0

Lot Info

  • Lot Size: corner
  • Additional Parcels: Yes
  • Parcel #: 405-27-269-L

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 10
  • Electric Expense: 420.0
  • Annual Gross Income: 281580.0
  • Insurance Expense: 8724.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 271140.0
  • Annual Operating Expense: 25260.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 8336.0
  • Tax Book Number: 405.00
  • Tax Lot: ABCDEFGHJK&L

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2023
Sold by
Vanvleet Vincent and Vanvleet Michael
Bought by
Bell Rock Villas Llc
Current Estimated Value
$457,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$981,079
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$524,079

Purchase Details

Closed on
Oct 6, 2021
Sold by
Loving Spoonful Corp
Bought by
Das Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,838,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2010
Sold by
Slavin Marc L and Slavin Margo E
Bought by
The Bell Rock P Roperty Equity Holding L
Source: Public Records

Range of Values:

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Average Value
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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
Bell Rock Villas Llc -- Greystone Title
Das Development Llc $2,450,000 Driggs Title Agency Inc
The Bell Rock P Roperty Equity Holding L -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Rock Villas Llc $1,000,000
Closed 1330 Kelli Lane Llc $1,000,000
Previous Owner Das Development Llc $1,838,000
Previous Owner Slavin Marc L $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $3,750,000 0.0% $1,817 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $3,750,000 -6.1% $1,817 / Sq Ft
06/08/2022 06/08/22 Price Changed $3,995,000 -6.0% $1,936 / Sq Ft
05/10/2022 05/10/22 For Sale $4,250,000 -- $2,059 / 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 $905 $36,295 -- --
2024 $880 -- -- --
2023 $880 $37,978 $6,481 $31,497
2022 $864 $30,295 $5,568 $24,727
2021 $876 $29,442 $5,405 $24,037
2020 $876 $0 $0 $0
2019 $868 $0 $0 $0
2018 $828 $0 $0 $0
2017 $806 $0 $0 $0
2016 $796 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6397556

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-27-269A