NOT LISTED FOR SALE

Estimated Value: $275,994

Studio
-- Bath
1,969 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $350,000 $178 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $1,544/month

55 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • 5-minute walk to Cottonwood Kids Park
  • Cottonwood Elementary School Rated 10
  • Heating System Uses Natural Gas

About This Home

As of June 2023

A great opportunity to own a well maintained commercial building in the heart of Cottonwood. Zoned for commercial or multi-family use. The opportunities are endless when it comes to this property. Completely fenced with security cameras and systems. Please call or text listing agent to show.

Last Agent to Sell the Property

Kylee Lodmell

Coldwell Banker Realty License #SA687775000 Listed on: 04/07/2023

Coldwell Banker Realty

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,355

Year Built

  • Built in 1974

Lot Details

  • Property is zoned C1/Multi Family

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 1,969 Sq Ft Home
  • Concrete Flooring

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 220 Volts

Community Details

  • Mingus Park Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 40641044

Property Details

Property Type

Other

Est. Annual Taxes

$1,355

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C1/Multi Family
  • Year Built: 1974
  • Tax Year: 2021
  • Subdivision Name: Mingus Park
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1969.0

Exterior Features

  • Construction Type: Wood Frame, Block
  • Roof: Metal
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Utilities

  • Electric: 220 Volts, Individual Meter
  • Cooling: Central Air, Other
  • Heating: Other, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Lot Info

  • Parcel #: 40641044

Tax Info

  • Tax Annual Amount: 1355.0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Jun 6, 2023
Sold by
Clark Eric
Bought by
Ecj Llc
Seller's Agent
Kylee Lodmell
Coldwell Banker Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$500,000
Sold Price
$350,000
Premium/Discount to List
-$150,000
-30%
Current Estimated Value
$275,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,006
Original Mortgage
$315,000
Outstanding Balance
$306,638
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2018
Sold by
Clark Fawn C and Clark Eric
Bought by
Clark Eric and Clark Fawn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 16, 2016
Closed on
May 13, 2016
Sold by
Bayview Loan Servicing Llc
Bought by
Deal Brent James
Seller's Agent
Holly Account
Options & Opportunities, LLC
Buyer's Agent
Tony Lymangrover
HomeSmart
List Price
$99,000
Sold Price
$99,000

Purchase Details

Closed on
Mar 17, 2016
Sold by
Allen Nannette
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Sep 12, 2007
Sold by
Jacobsen Lyle and Jacobsen Mark C
Bought by
Allen Dennis and Allen Nanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2007
Sold by
Jacobsen Carmen
Bought by
Jacobsen Lyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2006
Sold by
Letarte David R and Letarte Betsy A
Bought by
Jacobsen Lyle and Jacobsen Mark C

Purchase Details

Closed on
Aug 22, 2006
Sold by
Jacobsen Desire A
Bought by
Jacobsen Mark

Purchase Details

Closed on
Jan 24, 2006
Sold by
Letarte David R and Letarte Betsy A
Bought by
Letarte David R and Letarte Betsy A

Purchase Details

Closed on
Jan 3, 2005
Sold by
Desert Air Hvac Llc
Bought by
Letarte David R and Letarte Betsy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 2, 2001
Sold by
Mudersbach Larry C and Mudersbach Judy A
Bought by
Desert Air Hvac Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.71%
Mortgage Type
Seller Take Back
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
Ecj Llc $350,000 Clear Title
Clark Eric -- Yavapai Title
Clark Eric $170,000 Yavapai Title
Deal Brent James $99,000 Timios Inc
Bayview Loan Servicing Llc -- None Available
Allen Dennis $220,000 First American Title Ins Age
Jacobsen Lyle -- First American Title Ins Age
Jacobsen Lyle $208,000 Transnation Title Ins Co
Jacobsen Mark -- Transnation Title Ins Co
Letarte David R -- None Available
Letarte David R $150,000 Transnation Title
Desert Air Hvac Llc $100,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ecj Llc $315,000
Previous Owner Clark Eric $170,000
Previous Owner Allen Dennis $198,000
Previous Owner Jacobsen Lyle $198,000
Previous Owner Letarte David R $100,000
Previous Owner Desert Air Hvac Llc $85,000
Closed Desert Air Hvac Llc $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2023 06/13/23 Sold $350,000 -30.0% $178 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $500,000 +405.1% $254 / Sq Ft
05/18/2016 05/18/16 Sold $99,000 0.0% $51 / Sq Ft View Prior Sale
05/02/2016 05/02/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $99,000 -- $51 / 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 $1,204 -- -- --
2024 $1,218 -- -- --
2023 $1,218 $27,123 $14,245 $12,878
2022 $1,248 $21,547 $11,391 $10,156
2021 $1,355 $18,050 $10,355 $7,695
2020 $1,345 $0 $0 $0
2019 $1,334 $0 $0 $0
2018 $1,288 $0 $0 $0
2017 $1,239 $0 $0 $0
2016 $1,430 $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: 529604

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-41-044