$828,000
SOLD DEC 12, 2024

16506 E Lost Arrow Dr Unit 506&508 Fountain Hills, AZ 85268

-- Bed
-- Bath
-- Sq Ft
0.26 Acres

Recently Sold

111 Days on Market

Highlights

  • 3 Car Attached Garage
  • Cooling Available
  • Vinyl Flooring
  • Fountain Hills Middle School Rated A-
  • Ceiling Fan
  • Heating Available

About This Home

As of December 2024

16506 (left) unit boasts 2bed/2bath with a 1-car garage. Updated, SS appliances, Quartz counters, plank flooring, nice side patio and a back yard area too. Great views of Four Peaks Mountains.
16508 (right) unit is even more spacious & updated with 2bed/plus den/3bath & an oversized 2-car garage, with a private courtyard, a bigger backyard with fountain/mountain views and a covered patio area. This half boasts Quartz counters/SS appliances, hardwood & marble flooring. There is an automatic irrigation drip system for easy yard maintenance.
No HOA fees, not part of the NPOA. Close to all that is Fountain Hills; enjoy dining, shopping, parks and the World Famous Fountain. This is a great long or short term rental opportunity, or in-law arrangement. The possibilities are endless.

Last Agent to Sell the Property

Laura Reiser

Fountain Hills Property Management & Real Estate License #SA686883000

Co-Listed By

Michelle Kern

Fountain Hills Property Management & Real Estate License #BR103133000

Last Buyer's Agent

Colleen Rose-Scurti

Russ Lyon Sotheby's International Realty License #BR698869000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,392

Year Built

  • Built in 1975

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, cable TV
  • The owner pays for electricity, trash collection, water, sewer, cable TV, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 176-05-304

Community Details

Overview

  • 2 Units
  • Building Dimensions are 11156
  • Fountain Hills Arizona Final Plat No 206 Subdivision

Building Details

  • Operating Expense $1,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,392

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Saguaro & LaMontana
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RES
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1975
  • Tax Year: 2023
  • Directions: Saguaro to El Lago or FH Blvd to LaMontana to Lost Arrow. Corner units.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: fhpm01
  • Co List Office Phone: 480-837-5226
  • Subdivision Name: FOUNTAIN HILLS ARIZONA FINAL PLAT NO 206
  • Garage Yn: Yes
  • Water Irrigation: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Attached, 1 Space/Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Garage Details: Yes
  • Parking:Free: Yes
  • Parking:Attached: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Shutters2: Yes
  • Interior Amenities:Vertical Blinds2: 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: 11156
  • Additional Parcels: No
  • Parcel #: 176-05-304

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Cable TV
  • Number Of Units Total: 2
  • Annual Operating Expense: 1392.0
  • Vacancy Allowance Rate: 100.0

Tax Info

  • Tax Annual Amount: 1392.0
  • Tax Book Number: 176.00
  • Tax Lot: 1

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
12/12/2024 12/12/24 Sold $828,000 -0.2% --
11/13/2024 11/13/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $829,900 +0.2% --
10/10/2024 10/10/24 Off Market $828,000 -- --
10/10/2024 10/10/24 Price Changed $829,900 -1.2% --
08/09/2024 08/09/24 Price Changed $839,900 -2.3% --
07/24/2024 07/24/24 For Sale $859,900 -- --
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 $1,506 $25,151 -- --
2024 $1,392 $23,953 -- --
2023 $1,392 $60,550 $12,110 $48,440
2022 $1,362 $54,060 $10,810 $43,250
2021 $1,480 $50,200 $10,040 $40,160
2020 $1,453 $39,350 $7,870 $31,480
2019 $1,478 $33,170 $6,630 $26,540
2018 $1,472 $31,020 $6,200 $24,820
2017 $1,417 $28,730 $5,740 $22,990
2016 $1,403 $26,950 $5,390 $21,560
2015 $1,298 $20,860 $4,170 $16,690
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $425,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $828,000 Arizona Premier Title
Warranty Deed -- None Available
Cash Sale Deed $170,000 First American Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6735156

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-05-304

Arizona Maricopa County Fountain Hills 85268

16506 E Lost Arrow Dr Unit 506&508, Fountain Hills, AZ

Homes for Sale in Fountain Hills, AZ

This home is located at 16506 E Lost Arrow Dr Unit 506&508, Fountain Hills, AZ 85268 and is currently priced at $828,000. This property was built in 1975. 16506 E Lost Arrow Dr Unit 506&508 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