NOT LISTED FOR SALE
Studio
-- Bath
5,916 Sq Ft
1973 Built

Last Sold June 30, 2022

Last sale price $900,000 $152 Per Sq Ft

159 Days on Market

Highlights

  • Evaporated cooling system
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Ceiling Fan

About This Home

As of June 2022

The park has 7 park owned mobile homes and a laundry room with 2 washers and 2 dryers. The prior owner, local contractor Gail Herrick, bought the park in 1993. In 1997 he renovated the park, replaced 5 mobile homes (1982-1991), restored the original 1973 2br, 2 ba unit and added decks, awnings, porches, sidewalks, curbing, landscaping and paved parking. He added new underground utilities including water, natural gas and electric and connected the park to city sewer. He managed the park himself. The present owner manages the park from Scottsdale. The park expects to gross $103,422 in 2022. With expected annual expenses of $31,941, the NOI is projected to be $71,481. See ''Documents''. The current cap rate is approximately 7.52%.

Last Agent to Sell the Property

Historical Agent - SVV

Historical Listings - SVV Listed on: 01/17/2022

Last Buyer's Agent

Joy Kim

Realty ONE Group Mountain Desert License #SA644298000

Realty ONE Group Mountain Desert

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,815

Year Built

  • Built in 1973

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Vinyl

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Master Water Meter

Community Details

  • 8 Buildings
  • 7 Units
  • Building Dimensions are 170 x 125
  • Oc Development Subdivision

Listing and Financial Details

  • Tax Lot By M&B
  • Assessor Parcel Number 40826048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,815

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: RS-10
  • Number Of Buildings: 8
  • Year Built: 1973
  • Tax Year: 2021
  • Subdivision Name: OC Development
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Disposal, Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Composition, Metal

Utilities

  • Electric: Master Meter, Individual Meter
  • Cooling: Ceiling Fan(s), Evaporative Cooling, Other
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Electric Master Meter: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Lot Size: 170 x 125
  • Parcel #: 40826048

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 1815.0
  • Tax Lot: By M&B
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $900,000 -5.3% $152 / Sq Ft
06/25/2022 06/25/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $950,000 +65.2% $161 / Sq Ft
06/04/2018 06/04/18 Sold $575,000 +2.9% $97 / Sq Ft View Prior Sale
02/18/2018 02/18/18 Pending -- -- --
07/13/2015 07/13/15 For Sale $559,000 -- $94 / 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 $1,395 -- -- --
2024 $1,358 -- -- --
2023 $1,358 $27,475 $20,378 $7,097
2022 $1,333 $18,953 $12,754 $6,199
2021 $1,355 $20,198 $13,990 $6,208
2020 $1,355 $0 $0 $0
2019 $1,342 $0 $0 $0
2018 $1,346 $0 $0 $0
2017 $1,435 $0 $0 $0
2016 $1,416 $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: 528743

Arizona Regional Multiple Listing Service (ARMLS)
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