NOT LISTED FOR SALE

Estimated Value: $793,000 - $1,428,000

Studio
3 Baths
1,742 Sq Ft
$639/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $766,667 $440 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,063/month

145 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heating Available
  • Ceiling Fan

About This Home

As of December 2019

FLEXIBILITY! Attention Owners or Investors- 3 new, just completed Torel Homes. Beautiful modern finishes & RR Views. Many possibilities! Unlike any other on the market. NO HOA. Each home has 5beds/4bths. (3bd2bth up, (2) casitas below with kitchenettes) Can be rented as a 5-bedroom, 4- bath mega AIRBO/VRBO rental. Another possibility is to live in the top unit & rent the other 2 as nightly VRBO rentals. Many possibilities & Sedona needs long term rentals. There is also plenty of room to add on, or expand on the property with play areas: Jacuzzi, BBQ area,...etc. 140,142,144, also available - BUY ALL 3 (144 has 1 long term tenant @$1550 per month, garage is pre-plumbed for bath and kitchenette)
This is like having hotel/lodging zoning !!!
Agent is member of LLC. (*SEE PROFORMAS) FLEXIBILITY! Attention Owners or Investors- 3 new, just completed Torel Homes. Beautiful modern finishes & RR Views. Many possibilities! Unlike any other on the market. NO HOA. Each home has 5beds/4bths. (3bd2bth up, (2) casitas below with kitchenettes) Can be rented as a 5-bedroom, 4- bath mega AIRBO/VRBO rental. Another possibility is to live in the top unit & rent the other 2 as nightly VRBO rentals. Many possibilities & Sedona needs long term rentals. There is also plenty of room to add on, or expand on the property with play areas: Jacuzzi, BBQ area,...etc. 140,142,144, also available (144 has 1 long term tenant @$1550 per month, garage is pre-plumbed for bath and kitchenette)
This is like having hotel/lodging zoning !!!
Agent is member of LLC. (Owner will carry with large down) The Cap Rates are fantastic * See attached documents for proformas, cap rates are fantastic!

Last Agent to Sell the Property

Beth Tortorello

Wise Choice Properties License #SA556435000 Listed on: 07/14/2019

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 2018

Parking

  • Automatic Garage Door Opener

Home Design

  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Carpet

Utilities

  • Central Air
  • Heating Available

Community Details

  • 2 Units
  • Under 5 Acres Subdivision

Listing and Financial Details

  • Tax Lot c
  • Assessor Parcel Number 40824496g

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$800

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: RM-1
  • Number Of Buildings: 1
  • Year Built: 2018
  • Tax Year: 2017
  • Subdivision Name: Under 5 Acres
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Disposal, Dishwasher, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Construction Type: Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Parking Features Auto Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Other
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40824496g

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 800.0
  • Tax Lot: c

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2022
Sold by
Ratsiu Emil I and Ratsiu Veronica
Bought by
Ratsiu Family Trust
Current Estimated Value
$1,113,946

Purchase Details

Listed on
Jul 14, 2019
Closed on
Nov 21, 2019
Sold by
Lighthouse Properties & Holdings Llc
Bought by
Ratsiu Emil I and Ratsiu Veronica
Seller's Agent
Beth Tortorello
Wise Choice Properties
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$77,900
Sold Price
$766,667
Premium/Discount to List
$688,767
884.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%

Purchase Details

Closed on
Jul 12, 2019
Sold by
Navajo 1 Llc
Bought by
Lighthouse Properties & Holdings Llc

Purchase Details

Closed on
Feb 6, 2019
Sold by
Simno Holdings Llc
Bought by
Navajo 1 Llc
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
Ratsiu Family Trust -- --
Ratsiu Emil I $766,667 Empire West Title Agency Llc
Lighthouse Properties & Holdings Llc $200,000 None Available
Navajo 1 Llc -- Empire West Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2019 12/10/19 Sold $766,667 +884.2% $440 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
07/14/2019 07/14/19 For Sale $77,900 -- $45 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,340 $62,353 -- --
2024 $3,251 $64,213 -- --
2023 $3,251 $47,625 $13,391 $34,234
2022 $3,192 $35,777 $9,405 $26,372
2021 $3,405 $36,606 $9,243 $27,363
2020 $3,405 $0 $0 $0
2019 $1,120 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 520377

Arizona Regional Multiple Listing Service (ARMLS)

APN: 408-24-496G

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