NOT LISTED FOR SALE

Estimated Value: $891,000 - $1,191,000

9.25 Acres
$117,561 Price per Acre
402,930 Sq Ft Lot

Last Sold November 06, 2015

Last sale price $1,450,000

Est. 25% decrease in value since last sale

Current estimated payment $5,943/month

12 Days on Market

Highlights

  • Views of Red Rock
  • Cul-De-Sac
  • Level Lot
  • 9.25 Acre Lot
  • Shed

About This Lot

As of November 2015

Rare Land Opportunity! 9+ Acres in the Heart of Sedona, adjacent to Safeway Plaza! Zoned RMH-10 for Residential or Mobile Homes, 10,000 sf minimum lot size (4 lots per acre). So could be 37 lots (give or take with infrastructure). Also, the Community Plan recognizes other uses such as Multi-family - Condos or Apartments -or a Retirement Village (which are both much needed uses in Sedona!). Home on property is the oldest home in Sedona, built by Madole in 1948. Built with real adobe and straw, he used material from the property. 3 Woodburning Fireplaces, 3 small bedrooms or 2 plus office. It is not yet designated Historical, but the City of Sedona would love for it to be! It would make a fabulous Recreation Room or Clubhouse or Sales Office for a Retirment Community or a Condo/Apartment Dev
Rare Land Opportunity! 9+ Acres in the Heart of Sedona, adjacent to Safeway Plaza! Zoned RMH-10 for Residential or Mobile Homes, 10,000 sf minimum lot size (4 lots per acre). So could be 37 lots (give or take with infrastructure). Also, the Community Plan recognizes other uses such as Multi-family - Condos or Apartments -or a Retirement Village (which are both much needed uses in Sedona!). Home on property is the oldest home in Sedona, built by Madole in 1948. Built with real adobe and straw, he used material from the property. 3 Woodburning Fireplaces, 3 small bedrooms or 2 plus office. It is not yet designated Historical, but the City of Sedona would love for it to be! It would make a fabulous Recreation Room or Clubhouse or Sales Office for a Retirment Community or a Condo/Apartment Development. Please call listing agent for details.

Last Agent to Sell the Property

Lori Stewart

Russ Lyon Sotheby's International Realty License #SA526624000 Listed on: 07/31/2015

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Property Type

  • Land

Lot Details

  • 9.25 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Property is zoned RMH-10

Property Views

  • Red Rock
  • Mountain

Listing and Financial Details

  • Tax Lot M&B
  • Assessor Parcel Number 40824087

Community Details

Overview

  • 5 Acres Or More Subdivision

Recreation

  • Shed

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Topography: Level
  • Zoning: RMH-10
  • Tax Year: 2015
  • Lot Size Acres: 9.25
  • Subdivision Name: 5 Acres or More
  • View:Mountain View(s): Yes
  • View Red RocksBoulders: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Lot Features: Cul-De-Sac
  • View: Mountain(s), Red Rocks/Boulders
  • Other Structures: Shed(s)

Lot Info

  • Lot Size Sq Ft: 402930.0
  • Parcel #: 40824087

Tax Info

  • Tax Lot: M&B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2015
Closed on
Oct 29, 2015
Sold by
Pacific Southwest District Of The Wesley
Bought by
Spindelman James and Kim Soo Young
Seller's Agent
Lori Stewart
Russ Lyon Sotheby's International Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$1,499,000
Sold Price
$1,450,000
Premium/Discount to List
-$49,000
-3.27%
Current Estimated Value
$1,087,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$362,559
Avg. Annual Appreciation
-2.79%

Purchase Details

Closed on
Apr 21, 1997
Sold by
Wells Fargo Bank Na
Bought by
Sedona Christian Fellowship Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.61%
Mortgage Type
Purchase Money Mortgage
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
Spindelman James $1,435,000 Stewart Title & Trust Sedona
Spindelman James $1,435,000 Stewart Title & Trust Sedona
Sedona Christian Fellowship Inc $665,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sedona Christian Fellowship Inc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2015 11/06/15 Sold $1,450,000 -3.3% --
08/12/2015 08/12/15 Pending -- -- --
07/31/2015 07/31/15 For Sale $1,499,000 -- --
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 $3,069 $96,153 -- --
2024 $3,059 $111,135 -- --
2023 $3,059 $69,872 $42,680 $27,192
2022 $2,925 $53,124 $31,484 $21,640
2021 $3,002 $46,942 $25,927 $21,015
2020 $3,296 $0 $0 $0
2019 $3,264 $0 $0 $0
2018 $3,223 $0 $0 $0
2017 $3,136 $0 $0 $0
2016 $3,095 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 507731

Arizona Regional Multiple Listing Service (ARMLS)

APN: 408-24-087