NOT LISTED FOR SALE

Estimated Value: $407,310

Studio
-- Bath
1,781 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $390,000 $219 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,249/month

69 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Cottonwood Elementary School Rated 10

About This Home

As of May 2023

Attention all Investors. If you are looking for for a commercial building with two vacant lots in a great location this could be the one. This Property consists of a 1,781 sq.ft. building with two units. The smaller unit is appx.380 sq.ft. The larger unit is appx.1401 sq.ft. that is currently being used as a church. This unit can be split if needed. Paved parking in the front . This sale also includes two vacant lots also zoned C2-3, Parcel's 406-46-315a and 406-46-316a. Plenty of room to build another Building. So many opportunities that can be done with this property that is in a very good location off of 260. Tenant's would love to stay if possible.

Last Agent to Sell the Property

Jeffery Holowell

Montezuma Realty License #SA670835000 Listed on: 03/21/2023

Last Buyer's Agent

Esther Talbert

Yavapai Realty License #BR009721000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1974

Lot Details

  • Property is zoned C2-3

Home Design

  • 1,781 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Air
  • Heating Available
  • Septic Tank

Community Details

  • Verde Village Unit 2 Subdivision

Listing and Financial Details

  • Tax Lot 520
  • Assessor Parcel Number 40646314a

Property Details

Property Type

Other

Est. Annual Taxes

$1,434

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C2-3
  • Year Built: 1974
  • Tax Year: 2022
  • Subdivision Name: Verde Village Unit 2
  • Roofing:Composition: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 1781.0

Exterior Features

  • Construction Type: Wood Frame, Stucco
  • Roof: Composition
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air
  • Heating: Electric
  • Green Building Features: Physcl Chlgd (SRmks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Parcel #: 40646314a

Tax Info

  • Tax Annual Amount: 1434.0
  • Tax Lot: 520

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 31, 2023
Sold by
Erhart Cheryl
Bought by
Nichols David C and Nichols Desirea M
Seller's Agent
Jeffery Holowell
Montezuma Realty
Buyer's Agent
Esther Talbert
Yavapai Realty
List Price
$399,500
Sold Price
$390,000
Premium/Discount to List
-$9,500
-2.38%
Current Estimated Value
$407,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,310
Avg. Annual Appreciation
1.78%
Original Mortgage
$270,000
Outstanding Balance
$262,780
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$145,646

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 24, 2023
Sold by
Nichols David C and Nichols Desirea M
Bought by
Northern Arizona Property Management Llc
Seller's Agent
Jeffery Holowell
Montezuma Realty
Buyer's Agent
Esther Talbert
Yavapai Realty
List Price
$399,500
Sold Price
$390,000
Premium/Discount to List
-$9,500
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$262,780
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$145,646

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 15, 2023
Sold by
Nichols David C and Nichols Desirea M
Bought by
Northern Arizona Property Management Llc
Seller's Agent
Jeffery Holowell
Montezuma Realty
Buyer's Agent
Esther Talbert
Yavapai Realty
List Price
$399,500
Sold Price
$390,000
Premium/Discount to List
-$9,500
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$262,780
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$145,646

Purchase Details

Listed on
Jan 31, 2016
Closed on
Nov 23, 2016
Sold by
Holt Clarence D and Holt Camille H
Bought by
Erhart Cheryl
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.69%

Purchase Details

Closed on
May 27, 2008
Sold by
Holt Clarence D and Holt Camille
Bought by
Holt Clarence D and Holt Camille H

Purchase Details

Closed on
Feb 10, 1994
Sold by
Holt C D and Holt Camille H
Bought by
Holt Clarence D and Holt Camille
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
Nichols David C $390,000 Lawyers Title
Northern Arizona Property Management Llc -- --
Nichols David C $390,000 Lawyers Title
Northern Arizona Property Management Llc -- --
Erhart Cheryl $160,000 Yavapai Title Agency Inc
Holt Clarence D -- None Available
Holt Clarence D -- --
Holt Camille H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols David C $270,000
Closed Nichols David C $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $390,000 -2.4% $219 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $399,500 +149.7% $224 / Sq Ft
12/02/2016 12/02/16 Sold $160,000 -8.6% $90 / Sq Ft View Prior Sale
11/04/2016 11/04/16 Pending -- -- --
01/31/2016 01/31/16 For Sale $175,000 -- $98 / 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 $1,425 -- -- --
2024 $1,416 -- -- --
2023 $1,416 $21,593 $7,490 $14,103
2022 $1,434 $16,242 $5,681 $10,561
2021 $1,516 $13,159 $5,681 $7,478
2020 $1,489 $0 $0 $0
2019 $1,463 $0 $0 $0
2018 $1,413 $0 $0 $0
2017 $1,466 $0 $0 $0
2016 $1,500 $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: 532574

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-46-314A