NOT LISTED FOR SALE

Estimated Value: $725,000 - $1,142,000

2.18 Acres
$440,725 Price per Acre
94,961 Sq Ft Lot

Last Sold August 27, 2014

Last sale price $192,500

Est. 399% increase in value since last sale

Current estimated payment $5,363/month

50 Days on Market

Highlights

  • Views of Red Rock
  • Property is near a preserve or public land
  • Partially Fenced Property
  • Horses Allowed On Property

About This Lot

As of August 2014

An excellent opportunity to own one of Sedona’s most beautiful lots for less than $200,000. Located close to Red Rock Crossing and Cathedral Rock and nestled among some of the most dynamic red rock views in Sedona. This 2.18 acre lot with horse privileges and existing coral is fenced in on three sides and borders National Forest providing direct access to hiking, biking and horse trails. The property is zoned R1L-12 making it splittable. There is one well share with the property. Electricity is available to the lot. No Homeowners association.

Last Agent to Sell the Property

Historical Agent - SVV

Historical Listings - SVV Listed on: 07/03/2014

Last Buyer's Agent

Padraic Hawley

McMahon & Miller Commercial

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,234

Lot Details

  • 2.18 Acre Lot
  • Partially Fenced Property
  • Property is zoned R1L-12

Property Views

  • Red Rock
  • Panoramic
  • Mountain
  • Desert

Additional Features

  • Horses Allowed On Property
  • Shared Well

Community Details

  • Under 5 Acres Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 40830011l

Property Details

Property Type

Land

Est. Annual Taxes

$2,234

Lot Details

0

Listing Details

  • Property Type: Land
  • Topography: Rolling, Level
  • Zoning: R1L-12
  • Tax Year: 2013
  • Horses: Yes
  • Lot Size Acres: 2.18
  • Road Surface Type: Gravel
  • Subdivision Name: Under 5 Acres
  • View:Mountain View(s): Yes
  • View:Desert: Yes
  • View Red RocksBoulders: Yes
  • Water Source Shared Well2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Partial
  • Lot Features: Borders Pres/Pub Lnd
  • View: Mountain(s), Red Rocks/Boulders, Panoramic, Desert
  • Other Structures: None
  • View:Panoramic: Yes

Utilities

  • Water Source: Shared Well

Lot Info

  • Lot Size Sq Ft: 94960.8
  • Parcel #: 40830011l

Tax Info

  • Tax Annual Amount: 2234.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2014
Closed on
Aug 15, 2014
Sold by
Padavano James S and Padavano Susan A
Bought by
Craven Richard A and Craven Wendy
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Padraic Hawley
McMahon & Miller Commercial
List Price
$199,000
Sold Price
$192,500
Premium/Discount to List
-$6,500
-3.27%
Current Estimated Value
$960,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$768,281
Avg. Annual Appreciation
15.25%

Purchase Details

Closed on
Apr 19, 2005
Sold by
Fairchild Lin
Bought by
Padavano James S and Padavano Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.92%
Mortgage Type
New Conventional
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
Craven Richard A $192,500 Greystone Title Agency
Padavano James S $370,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padavano James S $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2014 08/27/14 Sold $192,500 -3.3% --
08/22/2014 08/22/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $199,000 -- --
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 $3,770 $78,129 -- --
2024 $3,663 $92,521 -- --
2023 $3,663 $79,996 $52,272 $27,724
2022 $3,597 $69,095 $48,195 $20,900
2021 $3,649 $66,489 $45,429 $21,060
2020 $3,649 $0 $0 $0
2019 $3,613 $0 $0 $0
2018 $3,449 $0 $0 $0
2017 $3,356 $0 $0 $0
2016 $2,410 $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: 504403

Arizona Regional Multiple Listing Service (ARMLS)

APN: 408-30-011L