NOT LISTED FOR SALE

Estimated Value: $291,000 - $598,000

Studio
-- Bath
1,503 Sq Ft
$283/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $185,000 $123 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $2,288/month

185 Days on Market

Highlights

  • Evaporated cooling system
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Cottonwood Elementary School Rated 10
  • Vinyl Flooring

About This Home

As of January 2021

BACK ON MARKET due to buyer cancellation! Excellent income producing property in the heart of Cottonwood! Owners could live in one half, tenants will cover your monthly mortgage! Tons of upgrades, New Roof in 2020, Interior paint and Flooring in 2019, Unit B light fixtures, fans, outlets, and more. Large lot is zoned commercially for potential to build more units. Units have been rented for $850.00 a month. Unit B is currently vacant. Sellers are motivated due to relocating and looking for an offer! Sellers are offering $15,000 in closing credit/escrow hold back to buyers with an acceptable offer so that buyers can make repairs/upgrades/whatever they would like to do to the property!!
Seller is a licensed Realtor in AZ.

Last Agent to Sell the Property

Historical Agent - SVV

Historical Listings - SVV Listed on: 07/24/2020

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV Listed on: 07/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $753

Year Built

  • Built in 1957

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Mingus Ind Pk Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 40641012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$753

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: C-1
  • Year Built: 1957
  • Tax Year: 2019
  • Subdivision Name: Mingus Ind Pk
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Composition

Utilities

  • Electric: Individual Meter
  • Cooling: Ceiling Fan(s), Evaporative Cooling
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes

Lot Info

  • Parcel #: 40641012

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 753.0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2021
Sold by
Weldon Arthur and Weldon Karen
Bought by
Weldon Arthur and Weldon Karen
Current Estimated Value
$425,617

Purchase Details

Listed on
Jul 24, 2020
Closed on
Jan 25, 2021
Sold by
Talboom Cole and Talboom Melissa
Bought by
Weldon Arthur and Weldon Karen
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$240,000
Sold Price
$185,000
Premium/Discount to List
-$55,000
-22.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.41%

Purchase Details

Listed on
Aug 18, 2018
Closed on
Sep 26, 2018
Sold by
Flying Leap Llc
Bought by
Talboom Cole and Talboom Melissa
Seller's Agent
Sandra McCracken
Arizona Adobe Group Realty
Buyer's Agent
Sandra McCracken
Arizona Adobe Group Realty
List Price
$134,000
Sold Price
$130,000
Premium/Discount to List
-$4,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.74%
Original Mortgage
$97,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Adler Jordan L
Bought by
Flying Leap Llc

Purchase Details

Closed on
Dec 31, 2003
Sold by
Weatherby Dane and Weatherby Priscilla
Bought by
Adler Jordan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2003
Sold by
Good Marjean Kay
Bought by
Good George

Purchase Details

Closed on
Oct 23, 2001
Sold by
Weatherby Dane and Weatherby Priscilla
Bought by
Weatherby Dane and Weatherby Priscilla

Purchase Details

Closed on
May 25, 1999
Sold by
Naba Inc
Bought by
Weatherby Dane and Weatherby Priscilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Weldon Arthur -- None Available
Weldon Arthur $185,000 Pioneer Title Agency Inc
Talboom Cole $130,000 Pioneer Title Agency
Flying Leap Llc -- --
Adler Jordan L $108,000 Transnation Title Ins Co
Good George -- Chicago Title Insurance Co
Weatherby Dane -- First American Title
Weatherby Dane $89,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Talboom Cole $97,500
Previous Owner Adler Jordan L $86,400
Previous Owner Weatherby Dane $14,000
Closed Weatherby Dane $14,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2021 01/29/21 Sold $185,000 -22.9% $123 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
07/24/2020 07/24/20 For Sale $240,000 +84.6% $160 / Sq Ft
10/19/2018 10/19/18 Sold $130,000 -3.0% $86 / Sq Ft View Prior Sale
10/17/2018 10/17/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $134,000 -- $89 / 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 $742 $24,053 -- --
2024 $728 $23,924 -- --
2023 $728 $16,260 $4,717 $11,543
2022 $725 $13,792 $3,603 $10,189
2021 $765 $12,177 $2,404 $9,773
2020 $760 $0 $0 $0
2019 $753 $0 $0 $0
2018 $728 $0 $0 $0
2017 $700 $0 $0 $0
2016 $685 $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: 523686

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-41-012