NOT LISTED FOR SALE

Estimated Value: $881,542

-- Bed
-- Bath
3,618 Sq Ft
$244/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $800,000 $221 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,783/month

182 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating System Uses Natural Gas
  • Cottonwood Elementary School Rated 10

About This Home

As of February 2023

PRIME COMMERCIAL SPACE IN HISTORIC OLD TOWN! Centered in the heart of Arizona Wine Country flanked by tasting rooms, restaurants, and retail shops! The building is one block away from the soon to be finished, new construction, multi-million-dollar vineyard/tasting room/restaurant which will only increase the high foot traffic of this walkable area with ample public parking! When you enter through the large doors of this historic building you will find the original hardwood floors still intact! There is also a masterfully crafted solid cherry office space with a coffered ceiling, crown molding, wainscot, and custom-built millwork & cabinetry located on the first floor just inside the main entrance. Upstairs you will find an additional open floor space which is accessed by two staircases

Last Agent to Sell the Property

Justin White

Arizona Adobe Group Realty License #SA702879000 Listed on: 08/12/2022

Last Buyer's Agent

Justin White

Arizona Adobe Group Realty License #SA702879000 Listed on: 08/12/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,150

Year Built

  • Built in 1924

Lot Details

  • Property is zoned C-1

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 3,618 Sq Ft Home
  • Wood Flooring

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • 220 Volts

Community Details

  • Cottonwood Addition Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 40634042

Property Details

Property Type

Other

Est. Annual Taxes

$2,150

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 1
  • Year Built: 1924
  • Tax Year: 2021
  • Subdivision Name: Cottonwood Addition
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Living Area: 3618.0

Exterior Features

  • Construction Type: See Remarks, Stucco
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Stucco2: Yes

Utilities

  • Electric: 220 Volts, 3 Phase Power
  • Cooling: Other
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes
  • 3 Phase Power: Yes

Lot Info

  • Parcel #: 40634042

Tax Info

  • Tax Annual Amount: 2150.0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Feb 16, 2023
Sold by
Virgil Coombs Family Trust
Bought by
Jerome Properties Llc
Seller's Agent
Justin White
Arizona Adobe Group Realty
Buyer's Agent
Justin White
Arizona Adobe Group Realty
List Price
$1,500,000
Sold Price
$800,000
Premium/Discount to List
-$700,000
-46.67%
Current Estimated Value
$881,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,542
Avg. Annual Appreciation
3.67%

Purchase Details

Closed on
Jan 25, 2018
Sold by
Coombs Virgil D and Coombs Jacqueline A
Bought by
Coombs Virgil D and Coombs Jacqueline A

Purchase Details

Closed on
Feb 11, 2004
Sold by
Coombs Jacqueline A
Bought by
Coombs Virgil D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2004
Sold by
Murphy Brian H
Bought by
Murphy Bonnie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 2004
Sold by
Standiford Eugene
Bought by
Standiford Rita Roxanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2003
Sold by
Murphy Bonnie D and Shayo Deborah S
Bought by
Coombs Virgil D and Coombs Jacqueline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 24, 2003
Sold by
Shayo Allen B
Bought by
Shayo Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1997
Sold by
Coombs Virgil D and Coombs Bonnie R
Bought by
Coombs Virgil D and Coombs Bonnie R
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Jerome Properties Llc $800,000 Yavapai Title
Coombs Virgil D -- None Available
Coombs Virgil D -- --
Murphy Bonnie D -- --
Standiford Rita Roxanne -- --
Coombs Virgil D -- --
Shayo Deborah S -- --
Murphy Bonnie D -- --
Coombs Virgil D -- --
Coombs Virgil D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coombs Virgil D $123,750
Previous Owner Murphy Bonnie D $123,750
Previous Owner Standiford Rita Roxanne $123,750
Previous Owner Coombs Virgil D $123,750
Previous Owner Murphy Bonnie D $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2023 02/23/23 Sold $800,000 -46.7% $221 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
08/12/2022 08/12/22 For Sale $1,500,000 -- $415 / 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 $1,911 -- -- --
2024 $1,933 -- -- --
2023 $1,933 $63,834 $24,184 $39,650
2022 $1,980 $48,808 $21,822 $26,986
2021 $2,150 $39,835 $19,838 $19,997
2020 $2,134 $0 $0 $0
2019 $2,117 $0 $0 $0
2018 $2,044 $0 $0 $0
2017 $1,966 $0 $0 $0
2016 $1,951 $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: 530965

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-34-042