NOT LISTED FOR SALE

Sedona, AZ 86336

Estimated Value: $2,350,755

-- Bed
-- Bath
8,884 Sq Ft
$265/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $1,250,000 $141 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $14,042/month

244 Days on Market

About This Home

As of August 2016

8,884/sq. ft. office complex consisting of 2 custom built buildings on 1.3 acres nestled in the beautiful red rocks of Sedona. Building ''A'' is approximately 2,980/sq. ft. on one level. Building ''B'' is approximately 5,904/sq. ft and is split level. There are 35 parking spaces. Subject property is 95% occupied with 2 long term tenants; Merit Technology and Shrader & Martinez Construction. Great opportunity investment and 1031 exchange potential. 8.13% Cap Rate.

Property is located just north of Hwy 89A on the east side of Dry Creek Rd. and is surrounded by high end homes, condominiums, and Canyon Trails Cowboy Church.

Last Agent to Sell the Property

Mark T. Belsanti

da Vinci Realty Listed on: 11/16/2015

Last Buyer's Agent

Mark T. Belsanti

da Vinci Realty Listed on: 11/16/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,648

Year Built

  • Built in 2004

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 8,884 Sq Ft Home
  • Carpet

Additional Features

  • Property is zoned T-2
  • Central Air

Community Details

  • 2 Buildings
  • Commercial Only Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40802245a

Property Details

Property Type

Other

Est. Annual Taxes

$20,648

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: T-2
  • Number Of Buildings: 2
  • Year Built: 2004
  • Tax Year: 2014
  • Subdivision Name: Commercial Only
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet
  • Living Area: 8884.0

Exterior Features

  • Construction Type: Wood Frame, Stucco, Block
  • Roof: See Remarks, Tile
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Utilities

  • Cooling: Central Air
  • Green Building Features: Physcl Chlgd (SRmks)
  • Cooling Y N: Yes
  • Water Source: City Franchise

Lot Info

  • Parcel #: 40802245a

Tax Info

  • Tax Annual Amount: 20648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2018
Sold by
Shrader & Martinez Construction Inc
Bought by
Dry Creek North Llc
Current Estimated Value
$2,350,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Outstanding Balance
$631,801
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,718,954

Purchase Details

Listed on
Nov 16, 2015
Closed on
Jul 14, 2016
Sold by
Abbott Properties Llc
Bought by
Shrader & Martinez Construction Inc
Seller's Agent
Mark T. Belsanti
da Vinci Realty
Buyer's Agent
Mark T. Belsanti
da Vinci Realty
List Price
$1,399,000
Sold Price
$1,250,000
Premium/Discount to List
-$149,000
-10.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$1,000,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2014
Sold by
North Plano Self Storage Llc
Bought by
Abbott Properties Llc

Purchase Details

Listed on
Dec 15, 2009
Closed on
Dec 4, 2012
Sold by
Legacy Plaza Llc
Bought by
North Plano Self Storage Llc
Seller's Agent
Mark T. Belsanti
da Vinci Realty
Buyer's Agent
Mark T. Belsanti
da Vinci Realty
List Price
$1,550,000
Sold Price
$1,175,000
Premium/Discount to List
-$375,000
-24.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
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
Dry Creek North Llc $1,250,000 First American Title Insuran
Shrader & Martinez Construction Inc $1,250,000 Yavapai Title Agency Inc
Abbott Properties Llc -- None Available
North Plano Self Storage Llc $1,175,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dry Creek North Llc $1,035,000
Previous Owner Shrader & Martinez Construction Inc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2016 08/01/16 Sold $1,250,000 -10.7% $141 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $1,399,000 +27.2% $157 / Sq Ft
04/26/2013 04/26/13 Sold $1,100,000 -6.4% $124 / Sq Ft View Prior Sale
12/21/2012 12/21/12 Pending -- -- --
12/18/2012 12/18/12 Sold $1,175,000 -2.1% $132 / Sq Ft View Prior Sale
12/18/2012 12/18/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $1,200,000 -22.6% $135 / Sq Ft
12/15/2009 12/15/09 For Sale $1,550,000 -- $174 / 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 $20,554 -- -- --
2024 $20,837 -- -- --
2023 $20,617 $495,487 $89,225 $406,262
2022 $20,837 $366,028 $61,177 $304,851
2021 $21,781 $333,133 $55,616 $277,517
2020 $21,780 $0 $0 $0
2019 $21,571 $0 $0 $0
2018 $20,591 $0 $0 $0
2017 $20,036 $0 $0 $0
2016 $19,769 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark T. Belsanti

    da Vinci Realty

    Section Image
  • Leslie Belsanti

    Seller's Agent in 2013

    Leslie Belsanti

    da Vinci Realty, LLC

    (928) 600-1094

    2 in this area

    39 Total Sales

    Leslie Belsanti
    Section Image
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 507766

Arizona Regional Multiple Listing Service (ARMLS)

APN: 408-02-245A

Arizona Yavapai County Sedona

86336

This home since 16 November 2015 and is currently estimated at $2,350,755, approximately $264 per square foot. This property was built in 2004. This home is a home located in Yavapai County with nearby schools including West Sedona Elementary School, Sedona Red Rock Junior/Senior High School, and Sedona Charter School.

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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