Coconino Estates

Coconino Estates sits on the northwest side of central Flagstaff, just north of downtown and Flagstaff Medical Center, with Fort Valley Road (US 180) along its eastern edge. It was built in the 1950s and 1960s as Flagstaff grew, and it is often described as the city's original suburb: mostly single-level ranch homes, many of block construction, on lots of about a fifth of an acre under tall ponderosa pines and oaks.

In Coconino Estates we look at a house as two decisions: the location, which doesn't change, and the renovation, which varies a lot from one street to the next.

Over the last twelve months the MLS shows 15 closings, all single-family, between $500,000 and $925,000, with a median of $775,000 and the middle half between about $622,500 and $827,500. The typical home sold was about 1,740 square feet, built around 1961, on about 8,700 square feet. Median days on market was 40, and none of the 15 sales listed an HOA fee.

The appeal is the location. Frances Short Pond, Thorpe Park, and the Rio de Flag trail corridor are close, the Flagstaff Urban Trail System runs along Fort Valley Road toward downtown, and Arizona Snowbowl is about 12 miles up US 180. Many original homes have been remodeled and some lots rebuilt with new homes, so condition, updates, and the one-car garages common to the era vary widely from house to house.