NOT LISTED FOR SALE

Estimated Value: $337,897 - $550,000

8 Beds
8 Baths
3,122 Sq Ft
$144/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2015

Last sale price $160,000 $51 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $2,478 / mo

147 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of September 2015

EXCELLENT INVESTMENT OPPORTUNITY! Fully rented, all units in great condition, granite or tile counter-tops, tile floors. All units come with a refrigerator. Close to schools, parks, and the Colorado River. The building next store must be sold with this building. Makes for an excellent 8 plex.,

Last Agent to Sell the Property

Jack (John) Meredith

I.R.P. Above All Real Estate License #BR008622000 Listed on: 03/14/2015

Last Buyer's Agent

A Nonmem

Lake Havasu Non-Member License #5555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,201

Year Built

  • Built in 1985

Lot Details

  • 6,557 Sq Ft Lot
  • Lot Dimensions are 50 x 131

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Additional Features

  • Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for sewer, trash collection, water
  • Legal Lot and Block 31 / 13

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Holiday Shores Subdivision

Building Details

  • 4 Units Leased Month-To-Month
  • Electric Expense $30
  • Insurance Expense $750
  • Manager Expense $2,364
  • Trash Expense $390
  • New Taxes Expense $966
  • Gross Income $23,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,201

Year Built

Built in 1985

Lot Details

6,557 Sq Ft Lot

Listing Details

  • Directions: Hancock West to River Gardens North and East on Baseline
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Year Built: 1985
  • Lot Size Acres: 0.15
  • Lot Size: 50 X 131
  • Subdivision Name: Holiday Shores
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Owner Pays: Sewer, Trash Collection, Water
  • Flooring: Tile

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Stucco, Wood Frame

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 110 Volts, 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Trash Expense: 390.0

Lot Info

  • Lot Size Sq Ft: 6557.0
  • Zoning Description: R2 District Res: Multiple Family

Rental Info

  • Tenant Pays: Cable TV, Electricity

Tax Info

  • Tax Year: 2014
  • New Taxes Expense: 966.0
  • Tax Annual Amount: 1201.0
  • Tax Block: 13
  • Tax Lot: 31
  • Tax Tract: 1150

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Electric Expense: 30.0
  • Annual Gross Income: 23700.0
  • Insurance Expense: 750.0
  • Resident Manager Expense: 2364.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2015
Sold by
Johnson Brad
Bought by
Mackey Ii Robert J
Current Estimated Value
$449,224

Purchase Details

Listed on
Apr 23, 2013
Closed on
Oct 23, 2013
Sold by
Tachdjian Serge R
Bought by
Johnson Brad
Seller's Agent
Winston Brokeress
Country Ranch Real Estate
Buyer's Agent
Terri Usher Barbour
Realty ONE Group Mountain Desert
List Price
$215,000
Sold Price
$160,000
Premium/Discount to List
-$55,000
-25.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%

Purchase Details

Closed on
Nov 10, 2010
Sold by
Wells Fargo Bank Na
Bought by
Tachdjian Serge R

Purchase Details

Closed on
Jul 29, 2010
Sold by
Jordan Christopher V and Jordan Nora
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 10, 2007
Sold by
Mortenson Delbert and Mortenson Janet
Bought by
Jordan Christopher and Jordan Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2003
Sold by
S & S Ltd
Bought by
Mortenson Delbert and Mortenson Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2000
Sold by
Snedden William L and Snedden Joanne E
Bought by
Snedden James W and Snedden Suzanna L
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Mackey Ii Robert J $160,000 Pioneer Title Agency Inc
Johnson Brad $160,000 Chicago Title Agency Inc
Tachdjian Serge R -- Servicelink
Wells Fargo Bank Na $241,973 Accommodation
Jordan Christopher $260,000 Capital Title Agency Inc
Mortenson Delbert $180,000 State Title Agency Inc
S & S Ltd -- State Title Agency Inc
Snedden James W $14,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jordan Christopher $221,000
Previous Owner Mortenson Delbert $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2015 09/10/15 Sold $160,000 0.0% $51 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $160,000 0.0% $51 / Sq Ft
10/31/2013 10/31/13 Sold $160,000 -25.6% $51 / Sq Ft View Prior Sale
10/01/2013 10/01/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $215,000 -- $69 / Sq Ft
Source: Western Arizona REALTOR® Data Exchange (WARDEX)

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 $707 -- -- --
2025 $1,346 $49,812 $0 $0
2024 $1,346 $37,202 $0 $0
2023 $1,346 $22,174 $0 $0
2022 $1,298 $20,590 $0 $0
2021 $1,307 $17,529 $0 $0
2019 $1,228 $14,901 $0 $0
2018 $1,195 $14,768 $0 $0
2017 $1,164 $13,023 $0 $0
2016 $1,056 $13,023 $0 $0
2015 $988 $10,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Western Arizona REALTOR® Data Exchange (WARDEX)

MLS Number: 900674

Western Arizona REALTOR® Data Exchange (WARDEX)

APN: 214-37-656

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