NOT LISTED FOR SALE

Estimated Value: $869,280

-- Bed
-- Bath
-- Sq Ft
2021 Built

Last Sold September 22, 2021

Last sale price $789,300

Est. 10% increase in value since last sale

Current estimated payment $4,755/month

14 Days on Market

Highlights

  • Cooling Available
  • Heating system powered by solar not connected to the grid
  • Concrete Flooring
  • Cottonwood Elementary School Rated 10
  • Ceiling Fan
  • Heating Available

About This Home

As of September 2021

Gateway to Historic Old Town Cottonwood Entertainment District . . . 687 N Main St., Cottonwood, AZ. 86326 - This Brand New 2 story Mid-Century Modern 2631 SF Triplex Income Property has just been finished and ready to move into! Common areas, sidewalks, parking areas, low maintenance landscape. Refer to CCRS for details! Total Electric living. Paved rear parking, tenant designated spaces. Energy efficiency all the way! HERS Rated and will acquire LEED Designation.
Architect: Architectural Works Green Inc, Reynold Radoccia, a LEED Accredited Architect. Built in 2021. Many green products used in the construction. Owner owned solar photovoltaic panels create shade canopies over the parking area, generating electricity with individual inverters to all 3 Apartments A, B & C. Two Suites B & C are residential use, the front Suite A may be retail or residential use... Building offers varied Lease Options, Long term, short term, or extended stay. Ready for new buyer to live in and or lease out. Walk to all the many outstanding restaurants, hotels, retail shops, wine tasting and art boutiques in Historic Old Town.
Utilities: Cottonwood city sewer & water, APS Electric and Internet. The rear and walkways are common areas to the PAD Development and maintained by the property owners of record as needed. There is rear parking coming in from the corner N 8th St. Tenants are required to abide by the CCRS in their lease agreements.
Additional Documents: MLS listing includes, Survey Plat, CC&R's, "About Gateway Green", Blue Prints, GIS Lot Dimensions.
Green & Energy Efficient Building Materials: All construction was done to qualify for the LEED Platinum requirements. This means that the result gives you a very energy efficient building that is healthy to live in! Quality Anderson Windows, ICF masonry wall construction separating the residential units from the commercial units, long life shingles with crystalized material that reduces the sun penetration are just a few of the many wonderful construction materials. Refer to "Gateway Green@Old Town" in documents for full scope of materials and building specifications & zoning classification.
Appliances include: 2 Dishwashers, 2 electric r/o, 2 refrigerators and 2 washer/dryer units in Units B and C. All appliances are electric and energy star. Walled outdoor patio, Covered Parking. Unit A is plumbed for a kitchen, with a 3⁄4 bath, flexible Retail and or Residential Unit.
Certificate of Occupancy: Sept 2021
PAD Flexible Use: This building offers the ability to have your business in the front and live on site with a rental income property all in one!
Common Areas: Gateway Green & Old Town has common area easements that are the responsibility of the property owners to keep up. Refer to CCR's and Subdivision Plat for details found in Documents. Sidewalks, back parking access areas and black top. There is no HOA but as these areas need repair all the property owners share in the expense.
Easy to View: Vacant and ready for occupancy.

Last Agent to Sell the Property

Esther Talbert

Yavapai Realty License #BR009721000 Listed on: 08/20/2021

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $418

Year Built

  • Built in 2021

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Heating system powered by solar not connected to the grid

Community Details

  • 3 Units
  • Building Dimensions are refer to YC Plat Map in Documents
  • New Old Town Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 40638127b

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$418

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: PAD
  • Number Of Buildings: 1
  • Year Built: 2021
  • Tax Year: 2020
  • Subdivision Name: New Old Town
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl, Concrete
  • Appliances: Disposal, Dishwasher, Refrigerator
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Construction Type: Wood Frame, Block
  • Roof: Other, Composition, Metal, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: Master Meter, Individual Meter
  • Cooling: Ceiling Fan(s), Other
  • Heating: Other, Solar
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Master Meter, City Franchise
  • Electric Master Meter: Yes
  • Heating:Solar: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: refer to YC Plat Map in Documents
  • Parcel #: 40638127b

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 418.0
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2024
Sold by
Kristina Lawrence Living Trust and Palmer Kristina
Bought by
687 N Main Street Llc
Current Estimated Value
$869,280

Purchase Details

Closed on
Nov 15, 2022
Sold by
Glenn C Lawrence Living Trust
Bought by
Kristina Lawrence Living Trust

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 19, 2021
Sold by
Candlewood Green Llc
Bought by
Lawrence Glenn C and The Glenn C Lawrence Living Tr
Seller's Agent
Esther Talbert
Yavapai Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$795,000
Sold Price
$789,300
Premium/Discount to List
-$5,700
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.38%

Purchase Details

Closed on
May 13, 2013
Sold by
Radoccia Reynold P and Radoccia Andrea Mcshane
Bought by
Candlewood Green Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 9, 2012
Sold by
National Bank Of Arizona
Bought by
Adoccia Reynold P R and Radoccia Andrea Mcshane

Purchase Details

Closed on
May 28, 2009
Sold by
Brownell Steve and Brownell Jules
Bought by
National Bank Of Arizona

Purchase Details

Closed on
Aug 25, 2006
Sold by
Brownell Steve and Brownell Jules
Bought by
First American Title Insurance Co
Source: Public Records

Range of Values:

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Average Value
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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
687 N Main Street Llc -- None Listed On Document
Kristina Lawrence Living Trust -- --
Lawrence Glenn C $789,300 Yavapai Title Agency Inc
Candlewood Green Llc -- Yavapai Title Agency Prescot
Adoccia Reynold P R $65,000 Pioneer Title
National Bank Of Arizona $96,000 None Available
First American Title Insurance Co -- First American Title
Brownell Steve -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Candlewood Green Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $789,300 -0.7% --
09/03/2021 09/03/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $795,000 -- --
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 $2,458 -- -- --
2024 $2,431 -- -- --
2023 $2,431 $6,794 $6,794 $0
2022 $399 $6,546 $6,546 $0
2021 $421 $5,951 $5,951 $0
2020 $418 $0 $0 $0
2019 $414 $0 $0 $0
2018 $400 $0 $0 $0
2017 $385 $0 $0 $0
2016 $377 $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: 527525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-38-127B