205 Grounds Drive, Sedona, AZ 86336

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205 Grounds Drive, Sedona, AZ 86336

$848,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,994 Lot Size (sq. ft.): 22,651 Status: Closed

Current Price: $848,000 List Date: 10/18/2021 Last Modified: 11/08/2021

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.

Supplements: 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.

More Information MLS# 526609

Contract Information

Area: 42 - West Sedona Subdivision: Coffee Pot Sub-Type: Single Family Residence Listing Price: 959000 Current Price: $848,000 List Price/SqFt: 320.31 Status: Closed Listing Date: 2021-05-27

Location

County: Yavapai Tax Parcel: 40825006a Street # (Modifier): 205 Street Name: Grounds St Suffix: Drive City/Town Code: Sedona State/Province: AZ Zip Code: 86336 Zip + 4: 3372

General Property Description

Phase: 1 Lot #: xx Lot Acreage: 0.52 Lot Size Source: County Assessor Lot Dimensions: Irregular Zoning: RS-10 Bedrooms (1 - 12): 3 Baths - Full: 2 Baths - 1/2: 1 Baths - Total (0-10): 3 Approx Total SqFt: 2994 SqFt Source: County Assessor Living Area: 2994 Year Built: 1984 Basement YN: Yes Total # of Rooms: 10 # of Floors: 2 # of Buildings: 1

Tax & Legal Info

Amount of Taxes: 3561 Tax Year: 2020 Land Lease: No

Remarks & Misc

Legal: AN IRREG PCL W2NW4SW4;SE COR APPROX 750'S 150'W FROM NE COR W2NW4 SW4 SEC 12-17-5E CONT .52AC 4115/197 Directions: State Route 89A to Coffee Pot Dr, Take a right hand turn onto Grounds Dr. Follow to the end of the street. Home will be on the right side.

Status Change Info

Date Pended: 2021-10-26 Close Date: 2021-11-01 Sold Price: $848,000 Sold Price/SqFt: 283.23 Financing: Jumbo

Heating

Forced Gas: Natural Gas

Property Features

Location: Cul-De-Sac; Mountain Views; Red Rock; Trees; Cul-De-Sac; Mountain Views; Red Rock; Trees HOA: None Property Owners Assc: None Appliances Included: Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Electric Oven; Range; Refrigerator; Wall Oven; Washer Exterior Features: Gutters; Landscaping; Open Deck; Storm Gutters Interior Features: Central Vacuum Cooling: Ceiling Fan(s); Refrigeration/Centrl Fireplace: Gas; Insert Windows: Double Glaze; Screens Window Coverings: Draperies; Horizontal Blinds; Pleated Shades; Vertical Blinds Kitchen Features: Gas; Walk-in Pantry Dining Room Features: Living/Dining Combo Living Room Features: Ceiling Fan; Great Room Primary Bedroom: 2 Closets; Primary on Main Level; Separate Tub/Shower; Walk in Closet; With Bath Other Rooms: Hobby/Studio; Laundry; Potential Bedroom; Recreation/Game Room; Storage; Workshop Floor Plan: Great Room; Open/Modern Levels: Level Entry; Main Living 1st Lvl Floors: Carpet; Tile Style: Ranch Construction: Frame - Wood Roof Materials: Comp Shingle Foundation: FHA Foundation; Stem Wall Basement Details: Partially Finished; Walk-Out Access Handicap Features: None Mobile Home Type: None Flood Zone: Verify; Zone Shaded X Building: None Parking: 3 or More; Off Street; RV Access/Parking Garage/Carport: None Road Access: Paved Road Maintenance: City Maintained On-Site Water Trtmnt: None Utilities Included: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Sewer (Public); Telephone; Underground Green Energy Feature: Ceiling Fans Water Heater: Natural Gas; Tankless Irrigation: None Pet Privileges: Domestics Views: Mountains; Panoramic; Red Rocks/Boulders Association Fees: None Possession: At Recordation Terms Available: Cash; Cash to New Loan Home Warranty: None Special Conditions: N/A