NOT LISTED FOR SALE

Estimated Value: $697,621

Studio
-- Bath
-- Sq Ft
2013 Built

Last Sold June 29, 2021

Last sale price $610,000

Est. 14% increase in value since last sale

Current estimated payment $3,764/month

56 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating Available
  • Cottonwood Elementary School Rated 10
  • Concrete Flooring

About This Home

As of June 2021

Gateway to Historic Old Town Cottonwood. . . Triplex Income Property, a sweet find!
Designed by Reynold Radoccia, a Leed Architect. Built in 2013. This modern midcentury 2 story was built with energy efficiency in mind! A Leed Platinum Building, with many green products used in the construction. Very low maintenance and total electric living. Owner owned solar photovoltaic panels create shade canopies over the commercial parking area, generating electricity with individual inverters to all 3 Apartments A, B & C. Two Suites B & C are residential use, the front Suite A is a retail use. Tenants all enjoy very low reasonable utilities. Walk to all the many outstanding restaurants, hotels, retail shops, wine tasting and art boutiques in Old Town. All offers please allow till 1 May 2021 before seller will be responding on offers presented. Seller will not allow acceleration clauses or waiver of appraisal contingencies in offers presented.

Utilities: On Cottonwood city sewer & water, APS Electric and Internet. The rear and walkways are common areas to the PAD Development and maintained by the property owners of record when needed. There is rear parking coming in from the corner N 8th St. Tenants are required to abide by the CCR's in their lease agreements.

Additional Documents: MLS listing includes, Survey Plat, CC&R's, "About Gateway Green", Blue Prints, GIS Lot Dimensions, Income & Expense w/CAP Rate & Gross Income 2020, 2021.

Green & Energy Efficient Building Materials: All construction was done to qualify for the Leed Platinum requirements. This means that the result gives you a very energy efficient building that is healthy to live in! Quality Anderson Windows, long life shingles with crystalized material that reduces the sun penetration are just a few of the many wonderful construction materials. Refer to "About Gateway Green" in documents for full scope of materials and building specifications.

Commercial Frontage-Unit A: 532SF 1⁄2 bath Concrete Floors Anderson Windows ADA Toilet Vaulted Ceiling w/ exposed ridge beam Wall R value = R-30 Roof R value = R-50 Great Signage for exposure. Open room with large bay window. Outdoor Covered Central paved courtyard Rear Covered Parking Great street exposure.

First Floor Apartment -Unit B: 684SF, Dyed/ground concrete floors, Anderson Windows Living/Dining/Kitchen open room 1Bedroom 1 Bathroom w/cast iron tub and radiant floor heat. Wall R value = R-23Roof R value = R-50.
Appliances include: Bosch dishwasher, electric r/o, Refrigerator and a washer/dryer .All appliances are electric and energy star. Walled outdoor patio, Covered Parking.

Second Floor Apartment- Unit C: 1022SF Living/Dining/Kitchen w/ vaulted T & G wood ceiling 2 Bedroom 2 Bathrooms,1 w/cast iron tub,the Master Bath w/ a neo angle shower, both w/radiant floor heat. Wall R value = R-23 Roof R value = R-50. Great views. Outdoor deck facing Main Street, Covered Parking.

Note: It may be possible for short term rental use. PAD zoning in Documents. Contact the City of Cottonwood Community Development Director Scott Ellis for details. Present use is limited Commercial in Unit A. Residential Rental in Units B and C.

Note: Certificate of Occupancy: 2015 was when this building acquired the Certificate of Occupancy approval from new construction. Yavapai County states the age is 2013. This is when permits were pulled in the new construction process.

PAD Flexible Use: This building offers the ability to have your business in the front and live on site with a rental income property all in one!

Last Agent to Sell the Property

Esther Talbert

Yavapai Realty License #BR009721000 Listed on: 04/01/2021

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,470

Year Built

  • Built in 2013

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Vinyl

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Community Details

  • 3 Units
  • Building Dimensions are refer to plat map
  • New Old Town Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 40638127d

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,470

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: PAD
  • Number Of Buildings: 1
  • Year Built: 2013
  • Tax Year: 2020
  • Subdivision Name: New Old Town
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Construction Type: Wood Frame, See Remarks, Block
  • Roof: Other, Composition, Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: Master Meter, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Master Meter, City Franchise
  • Electric Master Meter: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Lot Size: refer to plat map
  • Parcel #: 40638127d

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1470.0
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2014
Closed on
Jun 29, 2015
Sold by
Candlewood Green Llc
Bought by
Gateway 683 Ll C
Seller's Agent
Esther Talbert
Yavapai Realty
Buyer's Agent
Esther Talbert
Yavapai Realty
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$697,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,621
Avg. Annual Appreciation
4.94%

Purchase Details

Closed on
May 13, 2013
Sold by
Radoccia Reynold P and Radoccia Andrea Mcshane
Bought by
Candlewood Green Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 24, 2010
Closed on
Jan 9, 2012
Sold by
National Bank Of Arizona
Bought by
Adoccia Reynold P R and Radoccia Andrea Mcshane
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$89,000
Sold Price
$65,000
Premium/Discount to List
-$24,000
-26.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.50%
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
Gateway 683 Ll C $420,000 Empire West Title
Candlewood Green Llc -- Yavapai Title Agency Prescot
Adoccia Reynold P R $65,000 Pioneer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Candlewood Green Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2021 06/29/21 Sold $610,000 0.0% --
05/27/2021 05/27/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $610,000 +45.2% --
06/30/2015 06/30/15 Sold $420,000 -1.2% -- View Prior Sale
06/09/2015 06/09/15 Pending -- -- --
01/06/2014 01/06/14 For Sale $425,000 +553.8% --
01/17/2012 01/17/12 Sold $65,000 -27.0% -- View Prior Sale
01/17/2012 01/17/12 Pending -- -- --
11/24/2010 11/24/10 For Sale $89,000 -- --
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 $1,390 -- -- --
2024 $1,384 -- -- --
2023 $1,384 $68,248 $12,595 $55,653
2022 $1,375 $56,603 $8,974 $47,629
2021 $1,442 $50,376 $6,816 $43,560
2020 $1,470 $0 $0 $0
2019 $1,473 $0 $0 $0
2018 $1,435 $0 $0 $0
2017 $1,433 $0 $0 $0
2016 $1,421 $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: 526248

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-38-127D