NOT LISTED FOR SALE

Rimrock, AZ 86335

Lake Montezuma Neighborhood

Estimated Value: $332,862 - $387,000

-- Bed
-- Bath
2,128 Sq Ft
$172/Sq Ft Est. Value

Last Sold April 22, 2021

Last sale price $285,000 $134 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,047/month

22 Days on Market

About This Home

As of April 2021

Amazing duplex opportunity! Two clean, well maintained, 2 bedroom, 2 bath units of 1064 sq feet each. All tile floors, covered parking, extra storage, fenced back yards and exterior was painted in 2019. In 2018 Unit F had all interior painted, ceiling fan installed in primary bedroom, stainless refrigerator, stove and range, updated guest room bathroom (vanity, faucet, toilet, shower fixtures, and light) primary bathroom (toilet and faucet) and new large slat blinds installed throughout. Unit E has had the same renter for 5 years so no new updates. Combined rent $1625/mo. Tenants pay utilities. Great high demand/limited supply rental market for West Sedona and Cottonwood employees. Please do not disturb the tenants.

Last Agent to Sell the Property

Lyle Oberg

Coldwell Banker Northland Brokerage Email: info@cwbanker.com License #SA647221000 Listed on: 03/30/2021

Last Buyer's Agent

Elise Griffis

Coldwell Banker Northland License #SA671299000

Coldwell Banker Northland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,460

Year Built

  • Built in 2004

Home Design

  • Wood Frame Construction

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Community Details

  • 2 Units
  • Montezuma Man Subdivision

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 40506651c

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,460

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R2-3
  • Number Of Buildings: 1
  • Year Built: 2004
  • Tax Year: 2020
  • Subdivision Name: Montezuma Man
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Rolled/Hot Mop

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40506651c

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1460.0
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Apr 6, 2021
Sold by
Demmert Leslie Armitage
Bought by
Hagestad-Min Family Trust and Min
Seller's Agent
Lyle Oberg
Coldwell Banker Northland
Buyer's Agent
Elise Griffis
Coldwell Banker Northland
List Price
$279,000
Sold Price
$285,000
Premium/Discount to List
$6,000
2.15%
Current Estimated Value
$366,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,966
Avg. Annual Appreciation
5.53%

Purchase Details

Listed on
Aug 22, 2014
Closed on
Apr 25, 2016
Sold by
Dykhuis Jeffrey D and Dykhuis Karla M
Bought by
Demmert Leslie Armitage
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Lyle Oberg
Coldwell Banker Northland
List Price
$150,000
Sold Price
$131,000
Premium/Discount to List
-$19,000
-12.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$98,250
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 1996
Sold by
Warren Richard B
Bought by
Kraus Timothy J and Kraus Barbara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,250
Interest Rate
7.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hagestad-Min Family Trust $285,000 Lawyers Title
Demmert Leslie Armitage $131,000 Lawyers Title Yavapai
Kraus Timothy J $15,000 First American Title
Kraus Timothy J $15,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demmert Leslie Armitage $98,250
Previous Owner Kraus Timothy J $11,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2021 04/22/21 Sold $285,000 +2.2% $134 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $279,000 +113.0% $131 / Sq Ft
05/04/2016 05/04/16 Sold $131,000 -12.7% $62 / Sq Ft View Prior Sale
05/03/2016 05/03/16 Pending -- -- --
08/22/2014 08/22/14 For Sale $150,000 -- $70 / 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 $1,558 $29,955 -- --
2024 $1,509 $30,207 -- --
2023 $1,509 $24,775 $0 $0
2022 $1,567 $16,992 $2,552 $14,440
2021 $1,497 $16,728 $2,541 $14,187
2020 $1,460 $0 $0 $0
2019 $1,436 $0 $0 $0
2018 $1,389 $0 $0 $0
2017 $1,535 $0 $0 $0
2016 $1,484 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lyle Oberg

    Coldwell Banker Northland

  • Elise Griffis

    Buyer's Agent in 2021

    Elise Griffis

    Coldwell Banker Northland

    (928) 325-0526

    7 in this area

    39 Total Sales

    Elise Griffis
    Section Image

  • H

    Seller's Agent in 2016

    Historical Agent - SVV

    Historical Listings - SVV

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 525961

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-06-651C

Arizona Yavapai County Rimrock 86335

Lake Montezuma

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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