NOT LISTED FOR SALE

Cornville, AZ 86325

Estimated Value: $683,732 - $901,000

-- Bed
5 Baths
2,912 Sq Ft
$272/Sq Ft Est. Value

Last Sold December 05, 2019

Last sale price $450,000 $155 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,489/month

445 Days on Market

Highlights

  • Attached Garage
  • Central Air
  • Heating System Uses Propane
  • Oak Creek School Rated 9+
  • Ceiling Fan
  • 4-minute walk to Windmill Park

About This Home

As of December 2019

4 established rental units in 2 duplexes, one built in 1998 & one in 2002, each w/two 1 bed/1 bath apartments with modern kitchens, full baths, laundry, carport & storage locker. All surrounded by ditch irrigated green pastures, on property zoned for horses, mature trees, a pond & extensive wildlife. Adjacent property is the community park where Oak Creek runs year 'round. Owner states zoning would allow up to 6-7 residences. An owner could live in the one unit & oversee rental duplexes as long term OR vacation rentals.

Last Agent to Sell the Property

Jacqueline Weems

Russ Lyon Sotheby's International Realty Brokerage Phone: 928-254-9548 License #SA114786000 Listed on: 08/12/2018

Russ Lyon Sotheby's International Realty

Co-Listed By

Jolynn Greenfield

Russ Lyon Sotheby's International Realty Brokerage Phone: 928-254-9548 License #BR044410000

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 2002

Parking

  • Attached Garage

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Utilities

  • Central Air
  • Heating System Uses Propane
  • Shared Well
  • Well
  • Septic Tank

Community Details

  • 2 Buildings
  • 4 Units
  • Under 5 Acres Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 40712010m

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R2-10
  • Number Of Buildings: 2
  • Year Built: 2002
  • Tax Year: 2017
  • Co List Office Mls Id: lyon23
  • Co List Office Phone: 928-282-5966
  • Subdivision Name: Under 5 Acres
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Shared Well2: Yes
  • Water Source Domestic Well2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Parking Features:Attached: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Propane
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Shared Well, Domestic Well
  • Sewer Septic Tank: Yes
  • Heating:Propane: Yes

Association/Amenities

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

Lot Info

  • Parcel #: 40712010m

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2018
Closed on
Oct 30, 2019
Sold by
Leonard Tracy A and Leonard Lana S
Bought by
Medina Nick and Medina Sara
Seller's Agent
Jacqueline Weems
Russ Lyon Sotheby's International Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Current Estimated Value
$792,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,366
Avg. Annual Appreciation
9.87%
Original Mortgage
$337,500
Outstanding Balance
$297,794
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$494,572
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
Medina Nick $450,000 Yavapai Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Nick $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2019 12/05/19 Sold $450,000 -10.0% $155 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
08/12/2018 08/12/18 For Sale $500,000 -- $172 / 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 $3,798 $67,418 -- --
2024 $3,664 $67,834 -- --
2023 $3,664 $49,442 $0 $0
2022 $3,603 $38,948 $5,727 $33,221
2021 $3,704 $38,046 $6,194 $31,852
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Weems

    Seller's Agent in 2019

    Jacqueline Weems

    Russ Lyon Sotheby's International Realty

    (928) 254-9548

    5 in this area

    153 Total Sales

    Jacqueline Weems
    Section Image
  • Jolynn Greenfield

    Seller Co-Listing Agent in 2019

    Jolynn Greenfield

    Russ Lyon Sotheby's International Realty

    (928) 254-9547

    7 in this area

    86 Total Sales

    Jolynn Greenfield
    Section Image

  • H

    Buyer's Agent in 2019

    Historical Agent - SVV

    Historical Listings - SVV

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 517279

Arizona Regional Multiple Listing Service (ARMLS)

APN: 407-12-010M

Arizona Yavapai County Cornville

86325

Not Listed for Sale

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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