H
Seller's Agent in 2020
Historical Agent - SVV
Historical Listings - SVV
Estimated Value: $605,561
Studio
--
Bath
3,430
Sq Ft
$177/Sq Ft
Est. Value
Highlights
- Concrete Flooring
- Cottonwood Elementary School Rated 10
- Heating System Uses Natural Gas
About This Home
As of November 2020For many years the Cottonwood/Camp Verde area has lacked enough small retail rental spaces to meet community demand. This property, originally built in 1953, was recently remodeled by the owners into 11 rental spaces with six bathrooms, at a cost of over $100,000. The overall 3430 sq. ft., gradually rising in occupancy, now brings in monthly rents of $4,525 per month, or $54,300 per year, producing a cap rate of about 7.45%,. Leases are one to four years. When the building reaches over 90% occupancy the total monthly rent is expected to be over $6,000 per month, or $72,000 per year. This could produce a 10% cap rate. The property is well located on S. Main Street adjoining the old Circle K. The location should benefit from the new Circle K planned for the NW corner of Mingus & Main
Last Agent to Sell the Property
Historical Agent - SVV
Historical Listings - SVV Listed on: 09/09/2020
Last Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV Listed on: 09/09/2020
Property Details
Property Type
- Other
Est. Annual Taxes
- $2,779
Year Built
- Built in 1953
Lot Details
- Property is zoned C-1
Home Design
- 3,430 Sq Ft Home
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Concrete
- Vinyl
Utilities
- Heating System Uses Natural Gas
- Master Water Meter
- Shared Well
Community Details
- Building Dimensions are 100 x 125
- Mingus Park Subdivision
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 40641002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2020
Closed on
Oct 27, 2020
Sold by
Verde Valley Properties Of Southwest Llc
Bought by
Swr Llc
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,561
Avg. Annual Appreciation
6.40%
Original Mortgage
$190,000
Outstanding Balance
$169,073
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$436,488
Purchase Details
Closed on
May 4, 2018
Sold by
Dibattista John and Dibattista Anne
Bought by
Verde Valley Properties Of The Southwest
Purchase Details
Listed on
Jan 2, 2017
Closed on
Dec 27, 2016
Sold by
A Bushel & A Peck Properties Llc
Bought by
Dibattista John and Dibattista Anne
Seller's Agent
Ken Robertson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Ken Robertson
Russ Lyon Sotheby's International Realty
List Price
$399,000
Sold Price
$200,000
Premium/Discount to List
-$199,000
-49.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.08%
Purchase Details
Closed on
Feb 18, 2014
Sold by
Baker Rhonda
Bought by
A Bushel & A Peck Properties Llc
Purchase Details
Listed on
Jun 25, 2013
Closed on
Nov 12, 2013
Sold by
Country Bank
Bought by
Junk Tion Llc
Seller's Agent
Philip Terbell
RealtyOneGroup Mountain Desert
Buyer's Agent
Tim McDaniels
Realty ONE Group Mountain Desert
List Price
$249,000
Sold Price
$210,000
Premium/Discount to List
-$39,000
-15.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Purchase Details
Closed on
Jun 13, 2012
Sold by
Main Street Investment Property Llc
Bought by
Country Bank
Purchase Details
Closed on
Feb 27, 2004
Sold by
Morrison Glen Duane
Bought by
Main Street Investment Property Llc
Purchase Details
Closed on
Dec 29, 2003
Sold by
Morrison Laura
Bought by
Morrison Glen
Purchase Details
Closed on
Dec 12, 2003
Sold by
Mccullough Mark E and Mccullough Timothy S
Bought by
Morrison Glen
Purchase Details
Closed on
Jan 20, 1999
Sold by
Macwillie R W
Bought by
Macwillie Ronald W and Macwillie Rita V
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Swr Llc | $440,000 | Empire West Title Agency Llc | |
| Verde Valley Properties Of The Southwest | -- | None Available | |
| Dibattista John | $200,000 | Metro Title Agency Az Tucson | |
| A Bushel & A Peck Properties Llc | -- | None Available | |
| Junk Tion Llc | $210,000 | Empire West Title Agency Sed | |
| Country Bank | $25,000 | None Available | |
| Main Street Investment Property Llc | -- | -- | |
| Morrison Glen Duane | -- | First American Title Ins Co | |
| Morrison Glen | -- | First American Title Ins Co | |
| Morrison Glen | $325,000 | First American Title Ins Co | |
| Macwillie Ronald W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Swr Llc | $190,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/11/2020 11/11/20 | Sold | $440,000 | -7.4% | $128 / Sq Ft | |
| 09/09/2020 09/09/20 | For Sale | $475,000 | +137.5% | $138 / Sq Ft | |
| 09/08/2020 09/08/20 | Pending | -- | -- | -- | |
| 01/04/2017 01/04/17 | Sold | $200,000 | -49.9% | $58 / Sq Ft | View Prior Sale |
| 01/04/2017 01/04/17 | Pending | -- | -- | -- | |
| 01/02/2017 01/02/17 | For Sale | $399,000 | +90.0% | $116 / Sq Ft | |
| 11/13/2013 11/13/13 | Sold | $210,000 | -15.7% | $61 / Sq Ft | View Prior Sale |
| 11/04/2013 11/04/13 | Pending | -- | -- | -- | |
| 06/25/2013 06/25/13 | For Sale | $249,000 | -- | $72 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,508 | -- | -- | -- |
| 2024 | $2,537 | -- | -- | -- |
| 2023 | $2,537 | $47,972 | $13,254 | $34,718 |
| 2022 | $2,599 | $46,738 | $18,984 | $27,754 |
| 2021 | $2,822 | $38,095 | $17,258 | $20,837 |
| 2020 | $2,801 | $0 | $0 | $0 |
| 2019 | $2,779 | $0 | $0 | $0 |
| 2018 | $2,683 | $0 | $0 | $0 |
| 2017 | $2,580 | $0 | $0 | $0 |
| 2016 | $2,588 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Ken Robertson
Seller's Agent in 2017
Ken Robertson
Russ Lyon Sotheby's International Realty
(928) 274-0530
12 in this area
85 Total Sales
-
Philip Terbell
Seller's Agent in 2013
Philip Terbell
RealtyOneGroup Mountain Desert
(928) 300-2252
41 in this area
98 Total Sales
-
Tim McDaniels
Buyer's Agent in 2013
Tim McDaniels
Realty ONE Group Mountain Desert
(928) 274-0508
8 Total Sales
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 522739
APN: 406-41-002
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.
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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