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Key Details
Sold Price $848,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,994 sqft
Price per Sqft $283
Subdivision Coffee Pot
MLS Listing ID 526609
Style Ranch
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1984
Annual Tax Amount $3,561
Lot Size 0.520 Acres
Property Description
Large home in West Sedona with many possibilities. Highest & best use may be
as an investment property. There are no restrictions. Or live up top on the main level & rent the lower level to help with the mortgage. There are 3 bedrooms & 2 baths on main level with a beautiful gourmet kitchen opening to a Great Room with Living and dining areas. On the lower level you will find two huge rooms & a potential additional bedroom plus a half bath. Home is sited on a large half acre lot with Spectacular Red Rock Views. Easily park 5 cars + an RV. Great National Forest hiking nearby & all Sedona amenities are within minutes. Come take a look and see if this one might be the one you've been looking for. A professional property manager who does AirB&Bs in Sedona felt with some updating the property could possibly bring $900/night in season & $500/night in the off season. If you are willing to roll up your sleeves and do some work this property could be a real gold mine.
OR, buy as a primary residence and rent out the lower level (it has a separate entrance). If you rent it as a short term rental it should pay your mortgage, property taxes and utilities plus give you a profit. As a long term rental it would cut your mortgage by 2/3 to a around $1,000-$1200/ month depending on rental value.
Home would also be great for a large family or an extended family. Lower level would make a great mother-in law quarters.
I would be happy to share my ideas on all of these possibilities.
Location
State AZ
County Yavapai
Community Coffee Pot
Interior
Heating Forced Gas
Cooling Central Air, Ceiling Fan(s)
Fireplaces Type Insert, Gas
Exterior
Exterior Feature Open Deck, Landscaping, Rain Gutters
Garage 3 or More, RV Access/Parking, Off Street
View Mountain(s), Panoramic, City, None
Building
Lot Description Cul-De-Sac, Red Rock, Many Trees, Views, Rock Outcropping
Story Main Living 1st Level, Entry Level
Foundation FHA Foundation, Stem Wall
Others
Acceptable Financing Cash to New Loan, Cash
Listing Terms Cash to New Loan, Cash
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