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Maricopa 85138
42586 W COLBY Drive
Photo of 42586 W COLBY Drive
Sold on Dec 11, 2020

22

Map

Photo of 42586 W COLBY Drive
Photo of 42586 W COLBY Drive
$330,000
● House - Off Market

42586 W COLBY Drive

Maricopa, AZ 85138
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,309 Ft²
$438,677
RealtyHop Estimate
39.26%
Since Jan 1, 2021
AZ-Phoenix
Primary Model

About This Property

Don't miss this two story pool home in Ranch el Dorado!  This home has lots of living spaces with a living room and family room open to the kitchen as well as a loft on the second floor.  The kitchen features granite countertops and new stainless steel appliances.  Half bathroom on the main floor for guests' convenience.  All bedrooms and full bathrooms located on the second floor with a split floorplan for added privacy. The primary bedroom has an ensuite bathroom and large walk in closet. Ceiling fans and plantation shutters throughout.  The backyard has a covered patio extened with concrete slab for a BBQ or hot tub.  Sparkling pool and grass area, perfect for outdoor activities.  Vacant and ready for viewing, come see!
Unit Size
2,309 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$136
Property Type
House
Property Taxes
$144
HOA Dues
$169
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (ARMLS #6159022)

Price History

Date / Event Date Event Price
Dec 14, 2020 Sold
Premium
Sold
Nov 11, 2020 Listed by OfferPad Brokerage, LLC $315,000
Listed by OfferPad Brokerage, LLC
Nov 2, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 378
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 25
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 2,686
  • Gross Building Area: 2,686
  • Building Area: 2,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,308
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RANCHO EL DORADO
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: PHASE II PARCEL 7 RANCHO EL DORADO LOT 77 SEC 14-4S-3E 5068 SQ FT 0.12 AC

Neighborhood

  • School District Name: Maricopa Unified School District
  • Census Tract: 001705

Geography

  • Assessors Map Reference: 1404S03E
  • Subdivision Phase Number: 2
  • Parcel: 512-02-1770
  • Lot: 77
  • Meridian: SEC 14 TWN 04S RNG 03E
  • Latitude: 33.0742
  • Longitude: -112.025

    Address

  • Full Address: 42586 W Colby Dr
  • Address - House Number: 42586
  • Street Direction: W
  • Address - Street Name: Colby
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Maricopa
  • Carrier Code: R009
  • 4-Digit Zip Code: 9310
  • Zip Code: 85138

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $195,362
  • Tax Rate Code Area: 2027

    Appraisal Valuation

  • Standard Deviation: 0.1565
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 80
  • Final Value: 399,061
  • High Value: 461,534
  • Low Value: 336,589

    Market Valuation

  • Market Total Value: $298,937
  • Market Land Value: $94,090
  • Market Improvement Value: $204,847

    Assessments Valuation

  • Assessed Year: 2025
  • Assessed Total Value: $29,894

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 130026
  • Previous Sale Recording Date: Nov 02, 2020
  • Previous Sale Contract Date: Sep 29, 2020
  • Previous Sale Amount: $300,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Maricopa

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2036 ft²

Average Home Age

11.6 years

Currently For Sale

597 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 41618 W Avella Drive, Maricopa, AZ, 85138

$1,789 /mo

  • 4 Beds
  • 3 Baths
  • 2,522 ft²
41618 W Avella Drive, Maricopa, AZ, 85138 Listing by Candace C Velazco
Unit for rent at 43205 W Jeremy Street, Maricopa, AZ, 85138

$1,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,699 ft²
43205 W Jeremy Street, Maricopa, AZ, 85138 Listing by Dean Martini
Unit for rent at 43845 W Arizona Avenue, Maricopa, AZ, 85138

$1,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,509 ft²
43845 W Arizona Avenue, Maricopa, AZ, 85138 Listing by Randi M Weiss Harris

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Derek Dickson, OfferPad Brokerage, LLC
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6159022
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 42586 West Colby Drive built and last sold?
The property at 42586 West Colby Drive was built in 2003 and last sold on Nov 16, 2020 for $330,000.
How much is this home worth?
The estimated value of the home located at 42586 West Colby Drive is $324,433.
What are some comparable homes to 42586 West Colby Drive?
There are currently no comparable homes to 42586 West Colby Drive.
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