NOT LISTED FOR SALE

Estimated Value: $589,000 - $649,000

5 Beds
3 Baths
2,399 Sq Ft
$260/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $630,000 $263 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,486/month

116 Days on Market

Highlights

  • Views of Red Rock
  • 1.06 Acre Lot
  • Corner Lot
  • Cottonwood Elementary School Rated 10
  • Contemporary Architecture
  • No HOA

About This Home

As of December 2023

Back on market at an amazing price. Huge price drop to sell quickly. Recent $200,000 gorgeous renovation. Active Short Term Rental on a big lot. Modern kitchen, new jacuzzi, game room, and wrap-around desert and mountain views. Extra land is ideal for a pool and/or additional dwelling. Seller is a licensed AZ real estate agent. Spacious turnkey Short Term Rental on a BIG lot is perfect for investors, large families or those that just love lots of living space. Includes game room, 5 bedrooms/3 baths, modern kitchen, and a new jacuzzi, encapsulated in approximately 2,400 square feet of living space with wrap-around desert and mountain views, make this gem of a house the kind of home one can truly love. The house has recently undergone a $200,000 gorgeous renovation, elevating it to a state-of-the-art living experience. Extra land is ideal for a pool and/or additional dwelling. Home is ready to go & has room to grow.
A one-car parking garage, 2 car carport and space for three more vehicles ensure plenty of parking for every driver and visitor.
New quality furnishings (from available for sale at a discount for $25k in a separate bill of sale. Home is an active short term rental. See attached docs for a conservative 12 month $89k revenue projection from current STR property manager. Adding a pool (also attached) should significantly increase STR rental income.

Last Agent to Sell the Property

Chad McMahan

Realty ONE Group Mountain Desert License #SA637448000 Listed on: 08/08/2023

Realty ONE Group Mountain Desert

Last Buyer's Agent

Stacey Ehrenreich

RealtyONEGroup Mountain Desert License #SA655003000

RealtyONEGroup Mountain Desert

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,029

Year Built

  • Built in 1984

Lot Details

  • 1.06 Acre Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Garage Door Opener

Property Views

  • Red Rock
  • City
  • Desert

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,399 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Built-In Electric Oven
  • Kitchen Island

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Additional Features

  • Stepless Entry
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Verde Palisades South Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 40605065d

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,029

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Year Built: 1984
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 1.06
  • Subdivision Name: Verde Palisades South
  • Architectural Style: Contemporary, Ranch
  • Cooling:Ceiling Fan(s): Yes
  • View:Desert: Yes
  • View Red RocksBoulders: Yes
  • View City2: Yes
  • Kitchen Features:Built-In Electric Oven2: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Vinyl, Tile
  • Basement YN: No
  • Appliances: Built-In Electric Oven
  • Accessibility Features: Zero-Grade Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 2399.0
  • Window Features: Dual Pane
  • Kitchen Features:Kitchen Island: Yes
  • Other Rooms:BonusGame Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Onsite Well, Pvt Water Company
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 46174.0
  • Parcel #: 40605065d

Tax Info

  • Tax Annual Amount: 2029.0
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Nov 27, 2023
Sold by
701 Fir Street Llc
Bought by
Cohen Izik
Seller's Agent
Chad McMahan
Realty ONE Group Mountain Desert
Buyer's Agent
Stacey Ehrenreich
RealtyONEGroup Mountain Desert
List Price
$729,000
Sold Price
$630,000
Premium/Discount to List
-$99,000
-13.58%
Views
154
Current Estimated Value
$617,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,924
Avg. Annual Appreciation
-0.55%
Original Mortgage
$567,000
Outstanding Balance
$557,821
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$65,684

Purchase Details

Listed on
Aug 8, 2023
Closed on
Nov 15, 2023
Sold by
701 Fir Street Llc and 701 Fir St Llc
Bought by
Cohen Izik
Seller's Agent
Chad McMahan
Realty ONE Group Mountain Desert
Buyer's Agent
Stacey Ehrenreich
RealtyONEGroup Mountain Desert
List Price
$729,000
Sold Price
$630,000
Premium/Discount to List
-$99,000
-13.58%
Views
154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Outstanding Balance
$557,821
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$65,684

Purchase Details

Listed on
Apr 19, 2022
Closed on
Apr 28, 2022
Sold by
Oloughlin Amy Anne
Bought by
701 Fir Street Llc
Seller's Agent
Audra Stadelman
Coldwell Banker Northland
Buyer's Agent
Chad McMahan
Realty ONE Group Mountain Desert
List Price
$365,000
Sold Price
$400,000
Premium/Discount to List
$35,000
9.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.83%
Original Mortgage
$450,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 1995
Sold by
White Marion J and White Donna L
Bought by
Oloughlin Thomas David and Oloughlin Vera Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.25%
Mortgage Type
New Conventional
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
Cohen Izik $630,000 Empire Title
Cohen Izik $630,000 Empire Title
701 Fir Street Llc $400,000 Yavapai Title Agency
Oloughlin Thomas David $120,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Izik $567,000
Closed Cohen Izik $567,000
Previous Owner 701 Fir Street Llc $450,000
Previous Owner Oloughlin Thomas David $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2023 12/04/23 Sold $630,000 -13.6% $263 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $729,000 +82.3% $304 / Sq Ft
04/29/2022 04/29/22 Sold $400,000 +9.6% $200 / Sq Ft View Prior Sale
04/29/2022 04/29/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $365,000 -- $183 / 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 $2,995 $50,693 -- --
2024 $2,890 $50,130 -- --
2023 $2,890 $41,014 $0 $0
2022 $2,029 $34,095 $6,964 $27,131
2021 $1,659 $31,403 $6,124 $25,279
2020 $1,613 $0 $0 $0
2019 $1,572 $0 $0 $0
2018 $1,494 $0 $0 $0
2017 $1,413 $0 $0 $0
2016 $1,362 $0 $0 $0
2015 $1,332 $0 $0 $0
2014 $1,190 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 533755

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-05-065D