$775,000
SOLD DEC 27, 2024

14422 N Sherwood Dr Fountain Hills, AZ 85268

-- Bed
-- Bath
2,445 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$317 Per Sq Ft

7% Below List Price

43 Days on Market

Highlights

  • 6 Car Attached Garage
  • Ceramic Tile Flooring
  • Heat Pump System
  • Fountain Hills Middle School Rated A-
  • Central Air

About This Home

As of December 2024

Investors special! A 6.34% cap rate can be yours! Do not miss this updated duplex in Fountain Hills! Enjoy two units with new roof, fresh paint, new flooring, and matured landscaping. These units live like single family homes. Each has a separate driveway, 3 bedrooms, 2 bathrooms, and two car garages! Built in 2002, this property is available to the public for the first time. Each unit is ground level and has NO STEPS, direct garage access, and 12''+ ceilings. Located in the heart of Fountain Hills within walking distance to the world famous fountain, park, Avenue, shopping and more!

Last Agent to Sell the Property

Susan Pellegrini

MCO Realty License #BR542334000

Last Buyer's Agent

Maurice Watome

HomeSmart License #SA698001000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,659

Year Built

  • Built in 2002

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 6 Car Attached Garage
  • 2 Open Parking Spaces

Schools

  • Four Peaks Elementary School - Fountain Hills
  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, water, sewer
  • The owner pays for landscaping
  • Tax Lot 9
  • Assessor Parcel Number 176-02-084

Community Details

Overview

  • 2 Units
  • Building Dimensions are irregular
  • Fountain Hills Az 104 Subdivision

Building Details

  • Operating Expense $6,945
  • Gross Income $36,517
  • Net Operating Income $31,231

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,659

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: Fountain Hills Blvd and Palisades
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2002
  • Tax Year: 2024
  • Directions: North on Fountain Hills Blvd, Right on Sherwood
  • Road Surface Type: Asphalt
  • Subdivision Name: FOUNTAIN HILLS AZ 104
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks), Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Schools

  • Elementary School: Four Peaks Elementary School - Fountain Hills
  • High School: Fountain Hills High School
  • Junior High Dist: Fountain Hills Unified District
  • Middle Or Junior School: Fountain Hills Middle School

Lot Info

  • Lot Size: irregular
  • Additional Parcels: Yes
  • Parcel #: 176-02-084

Multi Family

  • Owner Pays: Other, Landscaping
  • Tenant Pays: Electricity, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 36517.0
  • Property Net Operating Income: 31231.0
  • Annual Operating Expense: 6945.0

Tax Info

  • Tax Annual Amount: 1659.0
  • Tax Book Number: 176.00
  • Tax Lot: 9

Map

Range of Values:

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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 Change Sq Ft Price
12/27/2024 12/27/24 Sold $775,000 -3.1% $317 / Sq Ft
10/25/2024 10/25/24 Price Changed $799,900 -3.6% $327 / Sq Ft
10/15/2024 10/15/24 For Sale $829,900 -- $339 / 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 $1,659 $27,703 -- --
2024 $1,533 $26,384 -- --
2023 $1,533 $54,750 $10,950 $43,800
2022 $1,501 $39,380 $7,870 $31,510
2021 $1,631 $38,510 $7,700 $30,810
2020 $1,600 $36,180 $7,230 $28,950
2019 $1,628 $32,170 $6,430 $25,740
2018 $1,622 $30,020 $6,000 $24,020
2017 $1,561 $28,160 $5,630 $22,530
2016 $1,545 $27,180 $5,430 $21,750
2015 $1,430 $25,800 $5,160 $20,640
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $736,250 New Conventional
Closed $736,250 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $775,000 Wfg National Title Insurance C
Warranty Deed $775,000 Wfg National Title Insurance C
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Cash Sale Deed $39,000 Security Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6771489

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-02-084

Arizona Maricopa County Fountain Hills 85268

14422 N Sherwood Dr, Fountain Hills, AZ

Homes for Sale in Fountain Hills, AZ

This home is located at 14422 N Sherwood Dr, Fountain Hills, AZ 85268 and is currently priced at $775,000, approximately $316 per square foot. This property was built in 2002. 14422 N Sherwood Dr is a home located in Maricopa County with nearby schools including McDowell Mountain Elementary School and Fountain Hills Middle 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