NOT LISTED FOR SALE

807 S Beeline Hwy Payson, AZ 85541

Estimated Value: $533,448

-- Bed
-- Bath
5,196 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 07, 2018

Last sale price $375,000 $72 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,386/month

46 Days on Market

Highlights

  • Community Kitchen
  • Ceramic Tile Flooring
  • Heat Pump System
  • Display Windows
  • Central Air

About This Home

As of May 2018

8.00% CAP Rate on actual income and expenses. RIM PLAZA enjoys excellent drive-by exposure with one of Arizona’s highest traffic counts along the busy Beeline Highway through
Payson Arizona. Constructed of natural Coconino sandstone, the 5,195 SF building contains 4 suites- all occupied with solid long-term tenants holding multi-year leases. RIM PLAZA is ideally located to benefit from future growth in this developing
Rim Country market. At $79/SF this represents an opportunity to acquire a prime location and a Rim Country landmark at half the cost of new construction.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 01/10/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,959

Year Built

  • Built in 1954

Lot Details

  • 0.34 Acre Lot
  • Property fronts an alley
  • Property is zoned Comm

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 5,196 Sq Ft Home
  • Display Windows

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Public Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 304-16-152

Community Details

Building Details

  • Gross Income $43,428
  • Net Operating Income $34,839

Additional Features

  • Rim View Add Subdivision
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$4,959

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Cross Street: Beeline Hwy and MAIN STREET
  • Legal Info Range: 10E
  • Property Type: Comm/Industry Sale
  • Zoning: Comm
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2017
  • Directions: 74 miles from 202 in Highway 87 to Payson. Property on right side of road corner of Main street in Payson.
  • Lot Size Acres: 0.34
  • Road Frontage Type: Alley
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: RIM VIEW ADD
  • Structure Type: Commercial, Office
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Living Area: 5196.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Kitchen, Display Window(s)
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Display Window(s): Yes

Fee Information

  • Annual Water Sewer Expense: 600.0

Lot Info

  • Lot Size Sq Ft: 14600.0
  • Parcel #: 304-16-152
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 43428.0
  • Insurance Expense: 2400.0
  • Maintenance Expense: 550.0
  • Property Net Operating Income: 34839.0

Tax Info

  • Tax Annual Amount: 4959.0
  • Tax Book Number: 304.00
  • Tax Lot: 15
  • Tax Map Number: 16.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Iconic Properties Llc
Bought by
Ocean 9 Properties Llc
Total Days on Market
46
Current Estimated Value
$533,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,200
Outstanding Balance
$444,007
Interest Rate
6.12%
Mortgage Type
Small Business Administration
Estimated Equity
$221,773

Purchase Details

Listed on
Jan 10, 2018
Closed on
May 8, 2018
Sold by
Fancchi John J
Bought by
Sllc Iconic Propertie
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$398,800
Sold Price
$375,000
Premium/Discount to List
-$23,800
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$234,000
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 10, 2018
Closed on
May 1, 2018
Sold by
Tonstad William R and Tonstad Gwen D
Bought by
Fanucchi John J
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$398,800
Sold Price
$375,000
Premium/Discount to List
-$23,800
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
4.45%
Mortgage Type
Commercial
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
Ocean 9 Properties Llc $525,000 Commonwealth Land Title
Ocean 9 Properties Llc -- Commonwealth Land Title
Sllc Iconic Propertie -- Pioneer Title Agency Inc
Fanucchi John J $375,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean 9 Properties Llc $446,200
Closed Ocean 9 Properties Llc $446,200
Previous Owner Fanucchi John J $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2018 05/07/18 Sold $375,000 -6.0% $72 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $398,800 -- $77 / 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 $4,831 -- -- --
2024 $4,831 $35,219 $8,717 $26,502
2023 $4,831 $40,646 $17,802 $22,844
2022 $6,239 $51,610 $17,802 $33,808
2021 $6,024 $51,610 $17,802 $33,808
2020 $5,788 $0 $0 $0
2019 $5,619 $0 $0 $0
2018 $5,287 $0 $0 $0
2017 $4,959 $0 $0 $0
2016 $4,857 $0 $0 $0
2015 $4,666 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott Trevey

    REI Marketing

  • N

    Buyer's Agent in 2018

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5706870

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-16-152

Arizona Gila County Payson 85541

807 S Beeline Hwy, Payson, AZ

This home is located at 807 S Beeline Hwy, Payson, AZ 85541 since 10 January 2018 and is currently estimated at $533,448, approximately $102 per square foot. This property was built in 1954. 807 S Beeline Hwy 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

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