tomo logo

$2,296,000

Beds
5
Baths
3.0
sq ft
2,945

8822 West Deer Valley Road, Peoria, AZ 85382

8822 West Deer Valley Road

Peoria, AZ 85382

  • 248 days on market
***CHECK OU THE NEW VIRTULA TOUR VIDEO*** ATTENTIONENTREPRENEURS/INVESTORS! One-of-a-kind property with many streams of income! This property provides a flexible investment opportunity by combining different property types into a single lot. This unique property offers multiple turn-key ways of renting various spaces: Entire estate, event venue, two livable properties, or office space that can help offset your mortgage or create passive income stream. You can rent separately or together the main house (1945+ SF) and the guesthouse (ADU) one BD and one BA AND a full kitchen (1,000 SF built in 2023) with pool & Spa. This can be a vacation getaway, Airbnb, a place to host private parties and events, or an alternative to staying in a hotel. The opportunities are endless. In addition, the property offers separate free-standing suites and storage spaces: an insulated 12X10 room that can be rented as a salon, nail shop, or office space for small startup companies or people working remotely. The room has a separate two-ton Hessaire cooler for residential and commercial use. The storage space is a built-in 12x20 metal storage shed that can generate income as a storage unit for vehicles, etc. The improved graveled parking lot can be rented for space to park RVs, Campers, Trailers, Mobile homes, boats, extra cars, etc. The industrial metal-covered backyard has risen from dust to become a stunning oasis for entertainment. It can be used as a venue for special events (Buyer to verify all county requirements for permitting and licensing). Landscape improvements include lush trees and plants with automatic water systems, pavers for the main areas, and gravel for the parking area that can easily fit over 30 cars. The previous owner ran a concrete business and rented RV/Trailer/Boat space. This SPECTACULAR quality, rare, custom-built property was built in 2017 on just under an acre, in a prime Maricopa County location, NO HOA, in North Peoria, has been completely transformed from its original layout, with over $750K spent on renovation to expand and multiply revenue-generating business opportunities. The custom-built main house home, designed with a modern aesthetic, is quality-built with 2x6 construction. It went from a 2 BD to a 4 BD plus Den, with a 20-seer a/c and spray foam insulation. The renovated beautiful kitchen has a built-in microwave, farm sink, breakfast bar, and large island. The two bathrooms underwent a high-end renovation in 2022. The open patio was also enclosed as an added playroom, office space, or den with a separate two-ton Hessaire cooler for residential and commercial use. In 2023, a one-bedroom, one-bathroom, 1,000-square-foot stunning guesthouse with a fully functional kitchen was built. It also has an extended wraparound patio, fenced POOL and SPA. If that is not enough, outdoor two-door mobile (four-stall) restrooms was added in 2024 for the convenience of multiple tenants. Don't miss this rare opportunity.

Details

Property type

Single Family Residence

Est. home value

$666,212

Lot size

0.93 acres

Price per sq ft

$780

Year built

2017

Annual property taxes

$2,250

Price History

11/09/2024
ArizonaRegional

ArizonaRegional #6688320

Price change
$2,296,000
+0.04%
08/19/2024
ArizonaRegional

ArizonaRegional #6688320

Price change
$2,295,000
+0.22%
04/19/2024
ArizonaRegional

ArizonaRegional #6688320

Listed
$2,290,000
+308.93%

Schools & Community

Elementary school: 

Coyote Hills Elementary School

Middle school: 

Coyote Hills Elementary School

High school: 

Sunrise Mountain High School

High school district: 

Peoria Unified School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Oneaz Cu

Loan start date

October 2023

Original loan amount

$99,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Credit Line (Revolving)

Seller

Michael Shamon and Nicole Shamon

Lender

Nova Financial & Investment Corp

Loan start date

February 2021

Original loan amount

$494,000

Est. remaining balance

$450,618

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Michael Shamon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

ArizonaRegional
$2,400,000
10 bd
|
9.5 ba
|
8,386 sq ft
|
House

23907 North 83rd Avenue, Peoria, AZ 85383

Price drop
ArizonaRegional
$2,250,000
7 bd
|
6 ba
|
7,091 sq ft
|
House

9327 West Vereda Solana Drive, Peoria, AZ 85383

Price drop
ArizonaRegional
$2,250,000
6 bd
|
4 ba
|
7,272 sq ft
|
House

8325 West Cantera, Peoria, AZ 85383

Status: Active

Tomo last checked: 12/23/2024 at 4:30 AM

Listing updated: 11/25/2024 at 1:21 AM

Listed by: Mona K Oshana, Southwest Property Sales & Leasing Phone #: (480) 838-6631

MLS: ArizonaRegional #6688320

ArizonaRegional logo

Recently listed in Peoria