37433 N Ootam Rd, Cave Creek, AZ 85331

Multifamily · Cave Creek · Phoenix metro, AZ

One of 17 reachable multifamily buildings in Cave Creek. Larger than 75% of multifamily buildings in Cave Creek (median 3,600 SF), derived from assessor records.

County gross building area
6,950 SF, Maricopa County Assessor
Lot size
16,320 SF, Maricopa County Assessor
Year built
1986, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Apartments 5 - 24 Units, Maricopa County Assessor
Assessed value
$1,614,800, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$232.35/SF, derived from assessor records
Building area / lot
0.43, derived from assessor records
Vintage
1980s vintage
County use code
APARTMENTS 5 - 24 UNITS

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $2.04M (estimated market value), with a likely range of $1.63M to $2.42M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,614,800 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (multifamily sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 4 comparable sales within 3 miles; nearest 0 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,000,000 in 2024; the estimate is about 2% apart. Treat the recorded trade as strong evidence alongside the model.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 3 of 4 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Last sold: 2024-07-01 for $2,000,000 (recorded arm's-length sale).

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$1M$2M$3M20262027$2.04M$1.61MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per Maricopa County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $1,498,600 (2026) to $1,614,800 (2027), up 8% over 1 years, per county tax rolls. The 2027 roll splits $1,614,800 into $322,900 land and $1,291,900 improvements.