NOT LISTED FOR SALE

Flagstaff, AZ 86001

North End Neighborhood

Estimated Value: $3,924,503

Studio
-- Bath
7,727 Sq Ft
$508/Sq Ft Est. Value

Last Sold November 28, 2017

Last sale price $2,112,047 $273 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $21,772/month

326 Days on Market

About This Home

As of November 2017

Great Investment Opportunity downtown Flagstaff. Entire building is currently leased by Coconino County Human Resources Department. 6% Cap Rate. Building was totally renovated in 1999 and new roof installed in 2012. Upgrades and improvements include; all new duo-pane windows, new electric lighting fixtures, new interior doors, complete new heating and air conditioning units and ducting, new paint; all new carpet, restrooms remodeled to ADA standards, electrical upgrade, new break room with kitchen, and all new windows and blinds.

Last Agent to Sell the Property

Mark T. Belsanti

da Vinci Realty Listed on: 12/22/2016

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,320

Lot Details

  • Property is zoned CC

Home Design

  • 7,727 Sq Ft Home
  • Composition Roof
  • Block Exterior

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Commercial Only Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10111016a

Property Details

Property Type

Other

Est. Annual Taxes

$12,320

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Year Built: 7727
  • Tax Year: 2015
  • Subdivision Name: Commercial Only
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Living Area: 7727.0

Exterior Features

  • Construction Type: Block
  • Roof: Composition
  • Construction:Block: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes

Lot Info

  • Parcel #: 10111016a

Tax Info

  • Tax Annual Amount: 12319.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2016
Closed on
Nov 27, 2017
Sold by
Katlon Inc
Bought by
Trz Holdings Tempe Llc
Seller's Agent
Mark T. Belsanti
da Vinci Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$2,112,047
Sold Price
$2,112,047
Current Estimated Value
$3,924,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,812,456
Avg. Annual Appreciation
7.87%
Original Mortgage
$1,470,000
Outstanding Balance
$1,236,650
Interest Rate
3.91%
Mortgage Type
Commercial
Estimated Equity
$2,676,875

Purchase Details

Closed on
Jan 13, 2017
Sold by
Citizeens Utilities Comapny
Bought by
Frnaklin Lonnie K and Frnaklin Kathleen S

Purchase Details

Closed on
May 23, 2011
Sold by
Franklin Lonnie K and Franklin Kathleen S
Bought by
Katlon Inc

Purchase Details

Closed on
Nov 10, 1998
Sold by
Citizens Utilities Company
Bought by
Franklin Lonnie K and Franklin Kathleen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.66%
Mortgage Type
Commercial
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
Trz Holdings Tempe Llc $2,112,047 Chicago Title
Katlon Inc -- Chicago Title Agency
Frnaklin Lonnie K -- Chicago Title Agency
Katlon Inc -- None Available
Franklin Lonnie K $600,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trz Holdings Tempe Llc $1,470,000
Previous Owner Franklin Lonnie K $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2017 11/28/17 Sold $2,112,047 0.0% $273 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
12/22/2016 12/22/16 For Sale $2,112,047 -- $273 / 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
2025 $14,997 $325,640 -- --
2024 $14,997 $305,595 -- --
2023 $14,859 $275,841 $0 $0
2022 $14,360 $264,088 $0 $0
2021 $14,360 $272,917 $0 $0
2020 $13,960 $264,685 $0 $0
2019 $13,695 $178,197 $0 $0
2018 $13,322 $172,287 $0 $0
2017 $12,529 $152,397 $0 $0
2016 $12,462 $130,171 $0 $0
2015 $12,320 $130,223 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mark T. Belsanti

    da Vinci Realty

    Section Image

  • H

    Buyer's Agent in 2017

    Historical Agent - SVV

    Historical Listings - SVV

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 511792

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-11-016A

Arizona Coconino County Flagstaff 86001

North End

Not Listed for Sale

Other

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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