NOT LISTED FOR SALE

Estimated Value: $6,402,542

Studio
-- Bath
25,631 Sq Ft
$250/Sq Ft Est. Value

Sale Details

Date Sold: May 12, 2017

Last sale price $3,250,000 $127 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $40,884 / mo

49 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating System Uses Natural Gas

About This Home

As of May 2017

Two - Story Retail Office Building in the heart of the Red Rocks in Sedona, AZ. Great investment opportunity!!! Investor or Owner User. 7.93% Cap Rate. Currently 62% occupied. 90 PARKING SPACES.

***PRICE SUBJECT TO A SUCCESSFUL CLOSE BETWEEN 12/1/2016 AND 3/1/2017.***

Suites also available for lease.

Last Agent to Sell the Property

Mark T. Belsanti

da Vinci Realty Listed on: 03/14/2017

Last Buyer's Agent

Ken Robertson

Russ Lyon Sotheby's International Realty License #BR527867000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $44,103

Year Built

  • Built in 1999

Lot Details

  • Property is zoned COMMERCIAL

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Interior Spaces

  • 25,631 Sq Ft Home
  • Carpet

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Commercial Only Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40540020g

Property Details

Property Type

Other

Est. Annual Taxes

$44,103

Year Built

Built in 1999

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: COMMERCIAL
  • Year Built: 1999
  • Tax Year: 2015
  • Subdivision Name: Commercial Only
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 25631.0

Exterior Features

  • Construction Type: Wood Frame, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Green Building Features: Physcl Chlgd (SRmks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Parcel #: 40540020g

Tax Info

  • Tax Annual Amount: 44103.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2018
Sold by
Nanrob Properties Lp
Bought by
6560 Sr 179 Llc
Current Estimated Value
$6,402,542

Purchase Details

Listed on
Mar 14, 2017
Closed on
May 11, 2017
Sold by
Truly Sand Az Llc
Bought by
Nanrob Properties Lp
Seller's Agent
Mark T. Belsanti
da Vinci Realty
Buyer's Agent
Ken Robertson
Russ Lyon Sotheby's International Realty
List Price
$3,600,000
Sold Price
$3,250,000
Premium/Discount to List
-$350,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Feb 2, 2007
Sold by
La Plaza Enterprises Llc
Bought by
Truly Sand Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,030,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2007
Sold by
Bank Of The West
Bought by
Laplaza Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,030,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1999
Sold by
Brown
Bought by
Brown

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.79%
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
6560 Sr 179 Llc -- None Available
Nanrob Properties Lp $3,250,000 Pioneer Title Agency
Truly Sand Az Llc $4,300,000 Arizona Title Agency Inc
Laplaza Enterprises Llc $2,586,458 Arizona Title Agency Inc
Brown -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Truly Sand Az Llc $3,030,000
Previous Owner Brown $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $3,250,000 -9.7% $127 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $3,600,000 -- $140 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 508816

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-40-020G

Your Personal Tour Guide

Ask me questions while you tour the home.