NOT LISTED FOR SALE
Studio
-- Bath
18,501 Sq Ft
1993 Built

Last Sold April 23, 2021

Last sale price $2,000,000 $108 Per Sq Ft

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System

About This Home

As of April 2021

Family owned and operated since 2004 a 44-room motel in the most optimal location of Camp Verde, AZ. Just 1/4 of a mile off I-17 on SR 260. Each room offers a flat TV screen, coffee maker, mini fridge, hair dryer and a Dish Network receiver. Neatly maintained rooms on both floors with vending machines. Remodeled lobby welcomes guests in with a kitchenette and breakfast area for 15. There is a 20 feet indoor pool with a hot tub for guests to enjoy during the stay. Strategic location right off of I-17. A 0.21 ac frontage parcel 403-22-039 is being sold along with this property.

Last Agent to Sell the Property

Grace Gedlek

Coldwell Banker Realty License #BR562750000 Listed on: 03/01/2021

Coldwell Banker Realty

Co-Listed By

Historical Agent - SVV

Historical Listings - SVV

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,480

Year Built

  • Built in 1993

Lot Details

  • Property is zoned M1

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 18,501 Sq Ft Home
  • Carpet

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts

Community Details

  • Copper Canyon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40322026x

Property Details

Property Type

Other

Est. Annual Taxes

$24,480

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: M1
  • Year Built: 1993
  • Tax Year: 2018
  • Co List Office Mls Id: cbr838
  • Co List Office Phone: 928-284-0123
  • Subdivision Name: Copper Canyon
  • Electric 220: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 18501.0
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Wood Frame, Stucco
  • Roof: Composition
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Utilities

  • Electric: 220 Volts, Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Heat Pump2: Yes

Lot Info

  • Parcel #: 40322026x

Tax Info

  • Tax Annual Amount: 24480.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 23, 2021
Sold by
Pbf Llc
Bought by
Harinder Amarjeet Llc
Seller's Agent
Grace Gedlek
Coldwell Banker Realty
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,105,500
Outstanding Balance
$1,840,869
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2005
Sold by
Fafrowicz Peter and Fafrowicz Barbara
Bought by
Pbf Llc

Purchase Details

Closed on
Dec 10, 2004
Sold by
Paras Investment Group Llc
Bought by
Fafrowicz Piotr and Fafrowicz Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,143,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 1996
Sold by
Reed Robert G and Reed Shirley A
Bought by
Paras Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 1994
Sold by
Santo Kenneth J
Bought by
Reed Robert G and Reed Shirley A
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
Harinder Amarjeet Llc $2,000,000 Empire West Title Agency Llc
Pbf Llc -- Chicago Title Ins Co
Fafrowicz Piotr $2,250,000 Chicago Title Ins Co
Paras Investment Group Llc $2,185,000 First American Title Ins
Reed Robert G $1,660,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harinder Amarjeet Llc $2,105,500
Previous Owner Fafrowicz Piotr $1,143,000
Previous Owner Paras Investment Group Llc $535,000
Closed Paras Investment Group Llc $1,000,000
Closed Fafrowicz Piotr $685,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $2,000,000 -20.0% $108 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $2,500,000 -- $135 / 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 $24,940 -- -- --
2024 $25,438 -- -- --
2023 $25,438 $310,474 $79,596 $230,878
2022 $25,309 $256,289 $79,515 $176,774
2021 $26,401 $283,002 $79,569 $203,433
2020 $25,682 $0 $0 $0
2019 $25,491 $0 $0 $0
2018 $24,480 $0 $0 $0
2017 $24,288 $0 $0 $0
2016 $23,656 $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: 520430

Arizona Regional Multiple Listing Service (ARMLS)

APN: 403-22-026X