$849,900

16844 E Avenue of the Fountains Fountain Hills, AZ 85268

Estimated payment $4,975/month

Total Views 2,096
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Fountain Hills Middle School Rated A-
  • Vinyl Flooring

About This Home

Welcome to the Villas on The Avenue, the first residential offering for purchase in the heart of Fountain Hills. This 4 unit enclave features completely new units within walking distance to the shopping, restaurants, the world famous Fountain, farmers markets, and all of the events and fairs that Fountain Hills is known for. Upon arrival, pass through the tranquil courtyard that provides additional natural lighting to all units. Once inside, instantly notice a well thought out open concept floor-plan with modern designer finishes & appliances. The kitchen is a true delight with plenty of brand new cabinetry, stainless steel appliances, and waterfall granite island with breakfast bar. Both bedrooms and bathrooms provide ample space, trendy ceiling fans, glass showers, & chic fixtures

Listing Agent

Antonio Pellegrini

MCO Realty License #SA627046000

Co-Listing Agent

Susan Pellegrini

MCO Realty License #BR542334000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,780

Year Built

  • Built in 1986

Lot Details

  • Additional Parcels

Home Design

  • Foam Roof
  • Stucco
  • Adobe

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Fountain Hills Virtual Academy Elementary School
  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 176-06-075

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50x50
  • Fountain Hills Arizona No. 208 Block 1 4 Subdivision

Building Details

  • Operating Expense $13,580
  • Gross Income $102,600
  • Net Operating Income $102,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,780

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Avenue of Fountains and Saguaro
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: c-c
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Directions: West on Avenue of the Fountains. Park near first cross walk. Unit behind Sofritas Restaurant.
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: mcoa06
  • Co List Office Phone: 480-837-2500
  • Subdivision Name: FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 1-4
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Adobe
  • Roof: Foam
  • Construction:Adobe: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Fountain Hills Virtual Academy
  • 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: 50x50
  • Additional Parcels: Yes
  • Parcel #: 176-06-075

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 102600.0
  • Property Net Operating Income: 102600.0
  • Annual Operating Expense: 13580.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2780.0
  • Tax Book Number: 176.00
  • Tax Lot: 11

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

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 $2,780 $45,033 -- --
2024 $2,648 $44,229 -- --
2023 $2,648 $47,668 $6,545 $41,123
2022 $2,668 $50,715 $6,335 $44,380
2021 $2,982 $64,836 $6,516 $58,320
2020 $2,926 $54,990 $6,048 $48,942
2019 $2,978 $49,428 $5,202 $44,226
2018 $2,966 $40,176 $6,228 $33,948
2017 $2,855 $34,290 $6,228 $28,062
2016 $3,276 $37,854 $6,228 $31,626
2015 $3,636 $45,621 $3,811 $41,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 For Sale $1,250,000 +47.1% --
01/15/2025 01/15/25 For Sale $849,900 +75.2% --
10/01/2021 10/01/21 Sold $485,000 -19.2% $101 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
11/19/2019 11/19/19 Price Changed $600,000 +9.1% $125 / Sq Ft
05/17/2019 05/17/19 For Sale $550,000 -- $115 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $485,000 Chicago Title Agency Inc
Warranty Deed $500,000 Lawyers Title Insurance Corp
Quit Claim Deed $500,000 --
Warranty Deed $500,000 Security Title Agency
Interfamily Deed Transfer -- --
Warranty Deed $325,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $260,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6806121

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-06-075