NOT LISTED FOR SALE

Estimated Value: $826,000 - $988,000

Studio
1 Bath
1,508 Sq Ft
$609/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $425,000 $282 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,250/month

Highlights

  • Cooling Available
  • Concrete Flooring
  • 5-minute walk to Oak Creek Canyon
  • Manuel Demiguel Elementary School Rated A-
  • Heating Available

About This Home

As of March 2017

POSSIBILITIES AND LOCATION!! Fabulous near 360 degree RED ROCK VIEWS from this level 0.36 acre site with RARE C-1 ZONING which offers numerous possibilities! Possible Live/Work/Short term rental, etc., includes three UPDATED buildings in the HEART of UPTOWN Sedona! The current use of the 988 square ft. ''historic'' 1952 Red Rock cottage is a medical clinic with the adjacent apx.500 square foot building being used as a yoga studio. The 130 sq. ft. additional building provides extra storage. CLOSE to restaurants, shopping and MORE!CUTE AND CLEAN- newly painted, new sheet rock, new electrical wiring, etc. New on-demand tankless gas hot water heater in the cottage. New Italian Porcelain flooring. Newer rolled roofs with elastomeric coating. BEAUTIFUL red rock wood-burning fireplace in cottage.
The "studio" building offers 520 sq.ft. and is set up for yoga, pilates, or WHATEVER you might imagine. It has both a wall A/C unit and portable heat. There is a sink with its own water heater but no bathroom. Lots of windows to let in natural light. Nearby businesses include The Hyatt, Wildflower Bakery restaurant, Soundbytes restaurant, Thai food and the list goes on. Uptown shops a block or two away. Plenty of public parking both in front of this building (City leased parking lot) and on the street. The property itself has room for parking. There is also a small garden shed or storage building. Call to set up an appointment- usually after 4:00 Mon-Friday . Weekends more than likely easy to see. GREAT OPPORTUNITY ! The possibility now exists for the property to extend the sewer lateral in Forest Rd. and hook into sewer-Sewer hook-up fee has been pre-paid- checking with the City on current options, ask listing agent please. Thanks! There is legal residential use in conjunction with a business per City/zoning. Also, an assumable commercial loan exists of $189,000 with the buyer's qualifying if interested through National Bank- low interest rate!
This parcel is not within a subdivision- No HOA, etc. but IS in the busiest UPTOWN Sedona LOCATION on a large C-1 zoned .36 acre, yet just enough removed from the bustle to offer peace and tranquility. Quite an unusual and lovely Sedona rarity.

Last Agent to Sell the Property

Janice Latrell

Russ Lyon Sotheby's International Realty License #SA038923000 Listed on: 02/01/2017

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Janice Latrell

Russ Lyon Sotheby's International Realty License #SA038923000 Listed on: 02/01/2017

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1952

Lot Details

  • Property is zoned C-1

Home Design

  • 1,508 Sq Ft Home
  • Wood Frame Construction

Flooring

  • Concrete
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available
  • Private Water Source
  • Septic Tank

Community Details

  • 3 Buildings
  • Building Dimensions are 120x130x120x130
  • Under 5 Acres Subdivision

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number 40117012

Property Details

Property Type

Other

Est. Annual Taxes

$2,292

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 3
  • Year Built: 1952
  • Tax Year: 2015
  • Subdivision Name: Under 5 Acres
  • Water Source Private Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl, Concrete
  • Living Area: 1508.0
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Wood Frame
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes

Utilities

  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Sewer Septic Tank: Yes
  • Main Cooling Other: Yes

Lot Info

  • Lot Size: 120x130x120x130
  • Parcel #: 40117012

Tax Info

  • Tax Annual Amount: 2292.0
  • Tax Lot: 012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 21, 2017
Sold by
Tricomi John and Schindele Deborah
Bought by
The Chai Spot Llc
Seller's Agent
Janice Latrell
Russ Lyon Sotheby's International Realty
Buyer's Agent
Janice Latrell
Russ Lyon Sotheby's International Realty
List Price
$495,000
Sold Price
$425,000
Premium/Discount to List
-$70,000
-14.14%
Current Estimated Value
$917,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,638
Avg. Annual Appreciation
9.12%
Original Mortgage
$300,000
Outstanding Balance
$246,836
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$670,802

Purchase Details

Listed on
Sep 9, 2011
Closed on
Apr 15, 2013
Sold by
Nelson Jacalyn F and Sheer Don P
Bought by
Schindele Deborah and Tricomi John
Seller's Agent
Janice Latrell
Russ Lyon Sotheby's International Realty
Buyer's Agent
Janice Latrell
Russ Lyon Sotheby's International Realty
List Price
$282,000
Sold Price
$265,000
Premium/Discount to List
-$17,000
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%
Original Mortgage
$195,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2011
Sold by
Sheer Susan E
Bought by
Sheer Don P

Purchase Details

Closed on
Sep 1, 2010
Sold by
Volkman Ronald E and Hartman Thomas J
Bought by
Sheer Don P and Sheer Susan E

Purchase Details

Closed on
Feb 17, 2006
Sold by
Volkman Ronald E
Bought by
Volkman Ronald E and Hartman Thomas J

Purchase Details

Closed on
Sep 6, 2005
Sold by
Knight Wayne B and Knight Louise M
Bought by
Nelson Jacalyn F and Volkman Ronald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2002
Sold by
Knight Wayne B and Knight Louise M
Bought by
Knight Wayne B and Knight Louise M

Purchase Details

Closed on
Apr 1, 1997
Sold by
Schwerin Thomas
Bought by
Groves Rodney

Purchase Details

Closed on
Dec 2, 1994
Sold by
Temmen Robert and Nardello Bernard M
Bought by
Nelson Douglas E and Nelson Jacalyn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
9.1%
Mortgage Type
New Conventional
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
The Chai Spot Llc $425,000 Empire West Title Agency
Schindele Deborah $265,000 Greystone Agency Llc
Sheer Don P -- --
Sheer Don P -- None Available
Volkman Ronald E -- Pioneer Title Agency Inc
Nelson Jacalyn F $380,000 Pioneer Title Agency Inc
Knight Wayne B -- --
Groves Rodney $172,000 First American Title
Nelson Douglas E $170,000 Transamerica Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Chai Spot Llc $300,000
Previous Owner Schindele Deborah $195,000
Previous Owner Nelson Jacalyn F $285,000
Previous Owner Nelson Douglas E $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2017 03/31/17 Sold $425,000 -14.1% $282 / Sq Ft
02/01/2017 02/01/17 For Sale $495,000 +86.8% $328 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
05/01/2013 05/01/13 Sold $265,000 -6.0% $268 / Sq Ft View Prior Sale
02/19/2013 02/19/13 Pending -- -- --
09/09/2011 09/09/11 For Sale $282,000 -- $285 / 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
2025 $4,561 $109,937 -- --
2024 $4,561 $111,282 -- --
2023 $4,472 $88,654 $0 $0
2022 $4,440 $72,385 $0 $0
2021 $4,426 $69,047 $0 $0
2020 $4,359 $65,868 $0 $0
2019 $4,235 $38,000 $0 $0
2018 $2,402 $36,194 $0 $0
2017 $2,338 $33,825 $0 $0
2016 $2,328 $29,032 $0 $0
2015 $2,292 $28,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 510456

Arizona Regional Multiple Listing Service (ARMLS)

APN: 401-17-012