NOT LISTED FOR SALE

Estimated Value: $534,000 - $752,000

-- Bed
3 Baths
1,540 Sq Ft
$429/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $729,000 $473 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,523/month

82 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Cottonwood Elementary School Rated 10
  • Vinyl Flooring

About This Home

As of May 2023

This triplex has three independent separate dwellings rather than shared walls. Each unit has its own fenced backyard and 2+ dedicated parking spaces. Additionally, there is a professionally beautified shared/fenced larger backyard for the entire property. All units have new roofs, HVAC, vinyl plank flooring, granite counters, appliances, landscaping and much more. Local STR specialized property manager is estimating approximately $142,000 gross annual income- see attached proforma document.
This property is a 5 minute walk from the heart of Old Town Cottonwood and also a short distance to the Verde River and trails. Property just needs furnishings and is ready for the rental market. SEE THE ATTACHED DOCUMENT FOR PRIMARY RESIDENCE FINANCING

Last Agent to Sell the Property

Chad McMahan

Realty ONE Group Mountain Desert License #SA637448000 Listed on: 02/17/2023

Realty ONE Group Mountain Desert

Co-Listed By

William Hamburg

Realty ONE Group Mountain Desert License #BR676591000

Last Buyer's Agent

Martin de Bokay

Realty ONE Group Mountain Desert License #SA702754000

Realty ONE Group Mountain Desert

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $935

Year Built

  • Built in 1958

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Private Water Source

Community Details

  • 3 Buildings
  • 3 Units
  • Hopkins Rch 1 3 Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 40638042a

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$935

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 3
  • Year Built: 1958
  • Tax Year: 2022
  • Co List Office Mls Id: ROGM04
  • Co List Office Phone: 928-862-4035
  • Subdivision Name: Hopkins Rch 1 - 3
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Wood Frame, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Private
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

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

Lot Info

  • Parcel #: 40638042a

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 935.0
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2024
Sold by
Meyers Peter
Bought by
Cottonwood Houses Llc
Current Estimated Value
$660,842

Purchase Details

Listed on
Feb 17, 2023
Closed on
May 5, 2023
Sold by
814 N 4Th St Llc
Bought by
Meyers Peter
Seller's Agent
Chad McMahan
Realty ONE Group Mountain Desert
Buyer's Agent
Martin de Bokay
Realty ONE Group Mountain Desert
List Price
$729,000
Sold Price
$729,000
Views
198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.93%
Original Mortgage
$583,200
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 21, 2022
Sold by
Greer Holdings Llc
Bought by
814 N 4Th St Llc
Seller's Agent
Rick Wesselhoff
Coldwell Banker Realty
Buyer's Agent
Chad McMahan
Realty ONE Group Mountain Desert
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.01%
Original Mortgage
$435,000
Interest Rate
4.16%

Purchase Details

Closed on
Jan 25, 2018
Sold by
Greer Robert T D
Bought by
Greer Holdings Llc

Purchase Details

Closed on
Mar 18, 2015
Sold by
Greer Robert H and Greer Diana
Bought by
Greer Robert Trenton Dale

Purchase Details

Closed on
May 11, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Greer Robert H and Greer Diane

Purchase Details

Closed on
Nov 17, 2010
Sold by
Sewell Robert J
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jan 12, 2007
Sold by
Sewell Robert J and Valencia Gabriel
Bought by
Sewell Robert J

Purchase Details

Closed on
Sep 15, 2006
Sold by
Sewell Robert J
Bought by
Sewell Robert J and Valencia Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2006
Sold by
Esparza Francisco
Bought by
Sewell Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2001
Sold by
Wright Violet Marie
Bought by
Esparza Francisco and Wright Violet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.99%

Purchase Details

Closed on
Mar 7, 1994
Sold by
Prendiville Kevin J and Prendiville Maria Anna
Bought by
Wright Violet Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.15%
Mortgage Type
Seller Take Back
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
Cottonwood Houses Llc -- --
Meyers Peter $729,000 Yavapai Title
814 N 4Th St Llc $425,000 Yavapai Title Agency
Greer Holdings Llc -- None Available
Greer Robert Trenton Dale $75,000 None Available
Greer Robert H $75,000 Security Title
Deutsche Bank National Trust Company $82,322 Lsi Title Agency Inc
Sewell Robert J -- Accommodation
Sewell Robert J -- Transnation Title Ins Co
Sewell Robert J $186,000 Transnation Title Ins Co
Esparza Francisco -- Chicago Title Insurance Co
Wright Violet Marie $60,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyers Peter $583,200
Previous Owner 814 N 4Th St Llc $435,000
Previous Owner Sewell Robert J $148,800
Previous Owner Esparza Francisco $55,000
Previous Owner Wright Violet Marie $50,000
Closed Sewell Robert J $37,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2023 05/12/23 Sold $729,000 0.0% $473 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $729,000 +71.5% $473 / Sq Ft
04/29/2022 04/29/22 Sold $425,000 +6.5% $276 / Sq Ft View Prior Sale
04/28/2022 04/28/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $399,000 -- $259 / 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 $769 $39,802 -- --
2024 $940 $24,412 -- --
2023 $940 $17,979 $4,949 $13,030
2022 $935 $15,042 $3,820 $11,222
2021 $987 $12,754 $2,606 $10,148
2020 $980 $0 $0 $0
2019 $972 $0 $0 $0
2018 $939 $0 $0 $0
2017 $903 $0 $0 $0
2016 $884 $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: 532342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-38-042A