1016 N 359TH Avenue, 89, Tonopah, AZ 85354 (MLS# 6694814)

Supplements: the street. For water, you should be able to dig a well or receive water deliveries. It is a corner lot. The land may be split into 2 lots as it is 2.04 acres and zoned R-43. There may be a septic tank on the property since the buildings were permitted, but seller cannot confirm whether there is or not. Property has fence and nice mountain views. There is construction going on in the area. Tonopah is a new hot spot which may be near freeways going from Nogales to Las Vegas... Nearby is Bill Gates' 25,000 acres, proposed to build a new 'Smart City', with many homes, residents, and a lot of development. The county assessor has the assessed value of the land at $69,400 for tax year 2024. I tend to see vacant land at 1.5 X the assessed value so seller guesses the land alone is worth $105,000. However, the county has the assessed value of the buildings at $29,071 so presumes the buildings could be worth $45,000 additional. However, the seller is selling the property for the land only and posts it at $102,000, less than the value of the land and anything the building is worth is sold in AS IS condition. Property taxes have ranged from only $78 to $109 per year for the past 10 years! Owner is asking for $102,000 cash or will do seller carry back with the following terms. $40,000 minimum down payment. Owner is willing to carry the balance at 12% interest. Payments to be negotiated. Please be willing to show proof of funds if requested before asking seller to write a contract. Property was obtained by Treasurer's Deed and will be sold via Special Warranty deed. Depending on amount of monthly payments, balloon payment may be required after some time. Seller urges buyer to request Pioneer Title, who can insure property acquired by Treasurer's deed.