NOT LISTED FOR SALE

Rimrock, AZ 86335

Lake Montezuma Neighborhood

Estimated Value: $436,925 - $581,000

-- Bed
-- Bath
4,170 Sq Ft
$114/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $398,000 $95 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,646/month

47 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Ceiling Fan

About This Home

As of January 2023

Amazing opportunity to own 4, 2 bedroom units for just over $100,000 a piece! All units have new heat pumps installed. Units A-C are tenant occupied needing 48 hours to show. Unit D is vacant and easy to show. All tenants have been in place for years and are very reliable on rent and take care of the property. Owners are also selling an additional 4 plex and a duplex for the option to buy all 10 units! Seller is a licensee in Arizona.

Last Agent to Sell the Property

Jason Riley

Beaver Creek Realty License #BR677004000 Listed on: 11/03/2022

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1992

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Septic Tank

Community Details

  • 4 Units
  • Montez Pk 1 11 Subdivision

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 40506077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,700

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R2-3
  • Year Built: 1992
  • Tax Year: 2022
  • Subdivision Name: Montez Pk 1 - 11
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Refrigerator
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Composition

Utilities

  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40506077

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1700.0
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Feb 24, 2023
Sold by
Ritthaler Catherine
Bought by
Garritt Enterprises Llc
Seller's Agent
Jason Riley
Beaver Creek Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$425,000
Sold Price
$398,000
Premium/Discount to List
-$27,000
-6.35%
Views
50
Current Estimated Value
$476,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,231
Avg. Annual Appreciation
6.55%
Original Mortgage
$258,700
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jan 5, 2023
Sold by
Triple J Living Trust
Bought by
Ritthaler Catherine
Seller's Agent
Jason Riley
Beaver Creek Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$425,000
Sold Price
$398,000
Premium/Discount to List
-$27,000
-6.35%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,700
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2022
Closed on
Dec 20, 2022
Sold by
Hompe Peter E and Asset Preservation Inc
Bought by
Ritthaler Catherine
Seller's Agent
Jason Riley
Beaver Creek Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$425,000
Sold Price
$398,000
Premium/Discount to List
-$27,000
-6.35%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,700
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2015
Sold by
Gobeil Normand P and Gobeil Betty J
Bought by
Triple J Living Trust and Gobeil Betty J

Purchase Details

Closed on
Feb 9, 2001
Sold by
Painter Robert L and Painter Sharon L
Bought by
Hompe Peter E and Evans Hompe Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1996
Sold by
Painter Robert L and Painter Sharon L
Bought by
Painter Robert L and Painter Sharon L
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
Garritt Enterprises Llc -- --
Ritthaler Catherine $398,000 Lawyers Title
Ritthaler Catherine $398,000 Lawyers Title
Triple J Living Trust -- None Available
Hompe Peter E $195,000 First American Title
Painter Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ritthaler Catherine $258,700
Previous Owner Ritthaler Catherine $258,700
Previous Owner Hompe Peter E $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $398,000 -6.4% $95 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $425,000 -- $102 / 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 $1,691 $44,193 -- --
2024 $1,638 $47,967 -- --
2023 $1,638 $39,814 $1,086 $38,728
2022 $1,700 $30,789 $612 $30,177
2021 $1,625 $33,441 $739 $32,702
2020 $1,585 $0 $0 $0
2019 $1,559 $0 $0 $0
2018 $1,507 $0 $0 $0
2017 $1,666 $0 $0 $0
2016 $1,611 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Riley

    Seller's Agent in 2023

    Jason Riley

    Beaver Creek Realty

    (928) 567-7448

    86 in this area

    108 Total Sales

    Jason Riley
    Section Image

  • H

    Buyer's Agent in 2023

    Historical Agent - SVV

    Historical Listings - SVV

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 531685

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-06-077

Arizona Yavapai County Rimrock 86335

Lake Montezuma

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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