H
Seller's Agent in 2021
Historical Agent - SVV
Historical Listings - SVV
Estimated Value: $804,566
--
Bed
--
Bath
2,933
Sq Ft
$274/Sq Ft
Est. Value
Highlights
- Vinyl Flooring
- Cottonwood Elementary School Rated 10
- Heating System Uses Natural Gas
About This Home
As of March 2021This 2932 sq. ft. former bank building is owned by the City of Cottonwood and occupied by the Finance Department. The property includes part of the paved parking lot to the north. The building is in excellent condition and is one of the most attractive buildings in Old Town. The original bank vault is still there. Two holding cells also remain from the time the building served as the Police Department. The interior is divided into offices. There is a drive-up window. The City asks that a tour bus continue to be allowed to park by the drive-up window. The City says it will not accept any offer for less than the asking price, which is based upon a recent appraisal.
Last Agent to Sell the Property
Historical Agent - SVV
Historical Listings - SVV Listed on: 12/23/2020
Last Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV Listed on: 12/23/2020
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,005
Year Built
- Built in 1973
Home Design
- Brick Exterior Construction
- Foam Roof
Interior Spaces
- 2,933 Sq Ft Home
- Vinyl Flooring
Additional Features
- Property is zoned C-1
- Heating System Uses Natural Gas
Community Details
- Building Dimensions are 75 x 100
- Ellefson Tr Subdivision
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 40632047
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 23, 2020
Closed on
Mar 26, 2021
Sold by
City Of Cottonwood
Bought by
Merkin General Llc
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$615,000
Sold Price
$625,000
Premium/Discount to List
$10,000
1.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,566
Avg. Annual Appreciation
5.62%
Original Mortgage
$500,000
Outstanding Balance
$449,975
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$354,591
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merkin General Llc | $625,000 | Lawyers Title Of Arizona Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Merkin General Llc | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $625,000 | +1.6% | $213 / Sq Ft |
| 02/19/2021 02/19/21 | Pending | -- | -- | -- |
| 12/23/2020 12/23/20 | For Sale | $615,000 | -- | $210 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $5,005 | -- | -- | -- |
| 2024 | $1,876 | -- | -- | -- |
| 2023 | $1,885 | $73,311 | $35,124 | $38,187 |
| 2022 | $1,876 | $72,824 | $40,657 | $32,167 |
| 2021 | $1,981 | $61,621 | $36,961 | $24,660 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 525040
APN: 406-32-047
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.
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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