NOT LISTED FOR SALE

10040 E Happy Valley Rd Unit 5 Scottsdale, AZ 85255

Desert Highlands Neighborhood

Estimated Value: $5,759,416 - $6,299,000

5 Beds
5.5 Baths
11,786 Sq Ft
$509/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $2,600,000 $221 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $32,779/month

Highlights

  • Gated with Attendant
  • Heated Pool
  • Mountain View
  • Sonoran Trails Middle School Rated A-
  • 2.28 Acre Lot
  • 1-minute walk to Pinnacle Peak Park

About This Home

As of September 2018

This one of a kind masterpiece, situated on 2.25+ acres of Sonoran Desert is private & secluded, with expansive city light and mountain
views. Distinctively remodeled to reflect the desires of today's buyer and offering superior quality and the finest of finishes throughout. Spacious living
areas include living room with dramatic wall of windows, dining room with temperature controlled wine storage, gourmet kitchen and adjacent family room,
5 bedrooms including a 1,600 sqft 2 bdrm guest house, office,ATHLETE'S ATELIER ROOM with Golf simulator and bar seating. Expansive outdoor living
with heated pool and spa. Oversized 5car
garage and spacious circular motor court. Also available unfurnished: $15,000 for 12 months, or $19,000 for furnished - 6
months

Last Agent to Rent the Property

Nancy Sertich

Russ Lyon Sotheby's International Realty License #BR008725000 Listed on: 07/01/2018

Russ Lyon Sotheby's International Realty

Co-Listed By

Dena Bullard

Russ Lyon Sotheby's International Realty License #SA523035000

Last Renter's Agent

Natalee Fritz

Realty USA Southwest License #SA571279000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,299

Year Built

  • Built in 1991

Lot Details

  • 2.28 Acre Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Partially Fenced Property
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Wood Frame Construction
  • Built-Up Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 11,786 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Smart Home
  • Fire Sprinkler System

Pool

  • Heated Pool
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Schools

  • Desert Sun Academy Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Property Available on 7/1/18
  • 6-Month Minimum Lease Term
  • Tax Lot 5
  • Assessor Parcel Number 217-04-014

Community Details

Overview

  • Property has a Home Owners Association
  • Desert Highlands Association, Phone Number (480) 419-3745
  • Built by Custom
  • Desert Highlands Phase 1 Subdivision

Recreation

  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,299

Year Built

Built in 1991

Lot Details

0

Parking

5

Rental Info

  • HOA Paid By: Landlord
  • Available Date: 2018-07-01

Listing Details

  • Cross Street: Pima & Happy Valley Rd
  • Legal Info Range: 5E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 5.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1991
  • Rental Info H O A Name: Desert Highlands
  • Non Assistive Animals: Call
  • Lease Term Minimum Lease Term Months: 6
  • Directions: Happy Valley East 1.2 miles to Golf Club Drive, north through Desert Highlands guard gate, first left on Desert Holly Dr to #5 on the corner
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 2.28
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: DESERT HIGHLANDS PHASE 1
  • Property Attached Yn: Yes
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Water Source City Water2: Yes
  • Fireplace Features Fireplace Family Rm2: Yes
  • Fireplace Features Fireplace Living Rm2: Yes
  • Fireplace Features Gas Fireplace2: Yes
  • Fireplace Features Fireplace Master Bdr2: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood, Concrete
  • Basement YN: No
  • Furnished: Furnished
  • Spa Features: Heated, Private
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 7
  • Total Bedrooms: 5
  • Fireplace Features: Exterior Fireplace, Gas Fireplace, Fireplace Master Bdr, Fireplace Living Rm, Fireplace Family Rm, 3+ Fireplaces
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Granite Counters, Double Vanity, Breakfast Bar, Wet Bar, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 11786.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Kitchen Features:Built In Recycling: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block, Partial
  • Exterior Features: Built-in BBQ, Private Street(s), Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front, Auto Timer H2O Front, Natural Desert Front, Auto Timer H2O Back
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Built-Up, Metal
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Built-in BBQ2: Yes
  • Exterior Features:Private Street(s): Yes
  • Fireplace Features Exterior Fireplace2: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 5.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Security: Fire Sprinkler System, Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Guarded Entry, Biking/Walking Path
  • Association Name: Desert Highlands
  • Phone: 480-419-3745
  • Association: Yes
  • Pets Allowed: Call

Schools

  • Elementary School: Desert Sun Academy
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Lot Size Sq Ft: 99222.0
  • Parcel #: 217-04-014

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Book Number: 217.00
  • Tax Lot: 5
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Sterling Lot Partnership Llc
Bought by
Hwang Susan Satbyul
Current Estimated Value
$5,997,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,767,500
Outstanding Balance
$3,309,370
Interest Rate
5.85%
Mortgage Type
New Conventional
Estimated Equity
$2,687,769

Purchase Details

Listed on
Dec 4, 2011
Closed on
Apr 23, 2015
Sold by
Klungness James A
Bought by
Sterling Lot Partnership Llc
Seller's Agent
Frank Aazami
Russ Lyon Sotheby's International Realty
Buyer's Agent
Nancy Sertich
Russ Lyon Sotheby's International Realty
List Price
$4,000,000
Sold Price
$2,600,000
Premium/Discount to List
-$1,400,000
-35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Aug 31, 2004
Sold by
Klungness James A
Bought by
Klungness James A and Bank One
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hwang Susan Satbyul $4,179,000 First American Title Ins Co
Sterling Lot Partnership Llc $2,600,000 U S Title Agency Llc
Klungness James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hwang Susan Satbyul $3,767,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2018 09/20/18 Rented $10,000 -41.2% --
07/01/2018 07/01/18 For Rent $17,000 0.0% --
04/23/2015 04/23/15 Sold $2,600,000 -18.6% $226 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
12/04/2013 12/04/13 Price Changed $3,195,000 -20.0% $278 / Sq Ft
07/25/2013 07/25/13 Price Changed $3,995,000 -0.1% $347 / Sq Ft
07/20/2013 07/20/13 Price Changed $3,999,000 0.0% $348 / Sq Ft
05/10/2013 05/10/13 For Sale $4,000,000 +53.8% $348 / Sq Ft
03/07/2013 03/07/13 Off Market $2,600,000 -- --
02/22/2013 02/22/13 For Sale $4,000,000 +53.8% $348 / Sq Ft
02/02/2013 02/02/13 Off Market $2,600,000 -- --
12/04/2011 12/04/11 For Sale $4,000,000 -- $348 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,299 $262,913 -- --
2024 $12,878 $250,394 -- --
2023 $12,878 $333,600 $66,720 $266,880
2022 $12,464 $251,080 $50,210 $200,870
2021 $13,490 $252,370 $50,470 $201,900
2020 $14,229 $258,560 $51,710 $206,850
2019 $13,803 $251,450 $50,290 $201,160
2018 $13,423 $217,780 $43,550 $174,230
2017 $12,928 $219,410 $43,880 $175,530
2016 $12,871 $206,810 $41,360 $165,450
2015 $12,171 $171,870 $34,370 $137,500
Source: Public Records

Agents Affiliated with this Home

  • N

    Landlord's Agent in 2018

    Nancy Sertich

    Russ Lyon Sotheby's International Realty

    (480) 585-7222

    62 in this area

    73 Total Sales

    Nancy Sertich
    Section Image

  • D

    Landlord's Co-Listing Agent in 2018

    Dena Bullard

    Russ Lyon Sotheby's International Realty

    (480) 585-7222

    63 in this area

    80 Total Sales

    Dena Bullard
    Section Image

  • N

    Tenant's Agent in 2018

    Natalee Fritz

    Realty USA Southwest

  • F

    Seller's Agent in 2015

    Frank Aazami

    Russ Lyon Sotheby's International Realty

  • I

    Seller Co-Listing Agent in 2015

    Ivan Zuieback

    Russ Lyon Sotheby's International Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5787892

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-04-014

Arizona Maricopa County Scottsdale 85255 Desert Highlands

10040 E Happy Valley Rd Unit 5, Scottsdale, AZ

This home is located at 10040 E Happy Valley Rd Unit 5, Scottsdale, AZ 85255 since 01 July 2018 and is currently priced at $5,997,139. This property was built in 1991. 10040 E Happy Valley Rd Unit 5 is a home located in Maricopa County with nearby schools including Desert Sun Academy, Sonoran Trails Middle School, and Cactus Shadows High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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