NOT LISTED FOR SALE

Estimated Value: $520,132

Studio
-- Bath
1,764 Sq Ft
$295/Sq Ft Est. Value

Sale Details

Date Sold: December 1, 2022

Last sale price $475,000 $269 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,830 / mo

88 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas

About This Home

As of December 2022

This is an attractively remodeled 1764 sq. ft. building zoned commercial on N. Main Street in Old Town Cottonwood. Behind the showrooms is a workshop area with storage rooms and two commercial sinks and served by a rear overhead door. Old Town has become a primary tourist destination In the exciting Sedona-Jerome trade area, featuring unique shops, hotels, restaurants, wine-tasting rooms, plus a new multi-million-dollar hilltop winery now under construction. The building is leased to Marketplace Boutique thru 7-23 for $1500/month gross. Landlord pays city and county taxes and property insurance.

Last Agent to Sell the Property

Historical Agent - SVV

Historical Listings - SVV Listed on: 09/04/2022

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV Listed on: 09/04/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $967

Year Built

  • Built in 1926

Lot Details

  • Property is zoned C-1

Home Design

  • Wood Frame Construction
  • Foam Roof

Interior Spaces

  • 1,764 Sq Ft Home
  • Concrete Flooring

Utilities

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

Community Details

  • Building Dimensions are 25' x 90'
  • Mason Add Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 40634006b

Property Details

Property Type

Other

Est. Annual Taxes

$967

Year Built

Built in 1926

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 1
  • Year Built: 1926
  • Tax Year: 2021
  • Subdivision Name: Mason Add
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1764.0

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes

Utilities

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

Lot Info

  • Lot Size: 25' x 90'
  • Parcel #: 40634006b

Tax Info

  • Tax Annual Amount: 967.0
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2022
Closed on
Nov 24, 2022
Sold by
Darby Thomas Clyde and Darby Josephine A
Bought by
1035 N Main Street Llc
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$520,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,132
Avg. Annual Appreciation
2.70%
Original Mortgage
$332,500
Outstanding Balance
$319,804
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$200,328

Purchase Details

Listed on
Jul 21, 2015
Closed on
Aug 5, 2015
Sold by
Pirante Michael
Bought by
Darby Thomas and Darby Josephine A
Seller's Agent
Holly Mabery
eXp Realty
Buyer's Agent
Karen Boarman
Realty Executives Arizona Territory
List Price
$240,000
Sold Price
$272,500
Premium/Discount to List
$32,500
13.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%

Purchase Details

Closed on
Oct 4, 2004
Sold by
Salas Betty J and Trust #Bjs-One
Bought by
Pirante Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2004
Sold by
Pirante Sally Renee
Bought by
Pirante Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 1996
Sold by
Old Treasures Inc
Bought by
Salas Betty Jane and Betty Jane Salas Trust
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
1035 N Main Street Llc $475,000 Lawyers Title
Darby Thomas -- Yavapai Title
Pirante Michael A $113,000 Yavapai Title Agency
Pirante Michael A -- Yavapai Title Agency
Salas Betty Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1035 N Main Street Llc $332,500
Previous Owner Pirante Michael A $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2022 12/01/22 Sold $475,000 -4.0% $269 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
09/04/2022 09/04/22 For Sale $495,000 +81.7% $281 / Sq Ft
08/14/2015 08/14/15 Sold $272,500 +13.5% $154 / Sq Ft View Prior Sale
08/10/2015 08/10/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $240,000 -- $136 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2027 $866 -- -- --
2026 $859 -- -- --
2024 $869 -- -- --
2023 $869 $33,902 $17,104 $16,798
2022 $890 $29,880 $16,366 $13,514
2021 $967 $25,012 $14,878 $10,134
2020 $959 $0 $0 $0
2019 $952 $0 $0 $0
2018 $919 $0 $0 $0
2017 $883 $0 $0 $0
2016 $878 $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: 531147

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-34-006B

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