$2,600,000
SOLD APR 23, 2015

10040 E Happy Valley Rd Unit 5 Scottsdale, AZ 85255

Desert Highlands Neighborhood
4 Beds
7 Baths
11,500 Sq Ft
2.28 Acres

Recently Sold

$226 Per Sq Ft

35% Below List Price

1,188 Days on Market

Highlights

  • Concierge
  • Guest House
  • Fitness Center
  • Sonoran Trails Middle School Rated A-
  • Golf Course Community
  • 1-minute walk to Pinnacle Peak Park

About This Home

As of April 2015

A Bob Bacon extraordinaire home features timeless and rich appointments. Summing up to 11,000 sqft on a 2.5 acre lot; a 2 bedroom guest casita, indoor and outdoor pool plus a spa. Backyard putting-green capturing South facing city lights, Sunsets and amazing Pinnacle Peak views to the North. Artsy fountains and water features by the grand entrance, copper embellishments with custom turquoise inserts, circular driveway, artisan sandblasted glass, Scherazade marble, massive arched beams, Hawaiian burled and monkey pod wood, hammered copper accents, 400 ton of Grand Canyon stone. Architecturally traditional with a flair of contemporary. Desert Highlands offers Fine Golf, Tennis, Dining, Fitness and Swimming amenities. Pride of Ownership in this extraordinary home is evident in the quality and attention to detail, that you might have missed:

As you enter the large paver driveway you feel the peaceful setting of reflection pools. A private entry gate with decorative copper accents leads you to the courtyard and Main entry door with copper inlay which is approx 100 lbs and rests on ball bearings. You then enter into the Grand Entrance and Great Room.
Great Room/Gathering Room:

1.Scheherazade marble floors, which is throughout the home.
2.24ftx43ft.
3.High curved ceilings- rough sawn red wood treated with white wash and curved beams.
4.Wall to wall Grand Canyon stone surrounding the fireplace with Scheherazade marble accents.
5.3 panel copper door entertainment center with potential for a 50-60 inch flat screen TV.
6.Control room behind entertainment center.
7.Surround sound available.
8.Sliding floor to ceiling glass panels off the Great Room disappear into the walls for an open air

Last Agent to Sell the Property

Frank Aazami

Russ Lyon Sotheby's International Realty License #SA581280000 Listed on: 12/04/2011

Co-Listed By

Ivan Zuieback

Russ Lyon Sotheby's International Realty License #SA562243000

Last Buyer's Agent

Nancy Sertich

Russ Lyon Sotheby's International Realty License #BR008725000

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,839

Year Built

  • Built in 2002

Lot Details

  • 2.28 Acre Lot
  • Cul-De-Sac
  • Private Streets
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers

HOA Fees

  • $1,025 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Santa Fe Architecture
  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 11,500 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • Two Way Fireplace
  • Solar Screens
  • Family Room with Fireplace
  • 3 Fireplaces
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 7 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Heated Pool
  • Solar Pool Equipment

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

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Solar Power System
  • Guest House

Listing and Financial Details

  • Legal Lot and Block 5 / 10000E
  • Assessor Parcel Number 217-04-014

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Desert Highlands Association, Phone Number (480) 220-3182
  • Built by Bob Bacon
  • Desert Highlands Subdivision

Amenities

  • Concierge
  • Recreation Room

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Spa
  • Bike Trail

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,839

Year Built

Built in 2002

Lot Details

0

HOA Fees

$1,025 per month

Parking

3

Listing Details

  • Cross Street: Pima and Happy Valley Road
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: Y
  • Recreation Center Paid Frequency: Monthly
  • Total Monthly Fee Equivalent: 1025.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2013
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2008
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2013
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2008
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2013
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2002
  • Spa Private: Yes
  • Tax Year: 2011
  • Directions: From Pima - E on Happy Valley Rd, in One mile, turn left into Desert Highlands. Through Guard Gate, 1st left, 1st home on left viewing City Lights.
  • 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
  • Architectural Style: Other, Contemporary, Territorial/Santa Fe
  • Efficiency: Solar Panels, Multi-Pane Wndws, Multi-Zones
  • Association Fees:HOA Fee2: 1025.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Fireplace Features Two Way Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop, Water Purifier
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: Other, 3+ Fireplace, Two Way Fireplace, Exterior Fireplace, Family Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Wet Bar, Pantry, 2 Master Baths, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 11500.0
  • Stories: 1
  • Window Features: Skylight(s), Solar Screens
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • Other Rooms:Separate Workshop: Yes
  • Community Features:Concierge: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Golf: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s), Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front, Cul-De-Sac
  • Pool Features: Heated
  • Pool Private: Yes
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Stone, Block
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Other, Built-Up, Foam
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Private Street(s): Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Security: Fire Sprinkler System, Security System Owned, Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Golf, Gated, Community Spa Htd, Guarded Entry, Concierge, Tennis Court(s), Biking/Walking Path, Fitness Center
  • Association Fee: 1025.0
  • Association Fee Frequency: Monthly
  • Association Name: Desert Highlands
  • Phone: 480-220-3182
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 75000.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Desert Highlands
  • Association Fees:HOA Telephone4: 480-220-3182
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2: 70.0
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

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

  • Land Lease: No
  • Lot Size Sq Ft: 99220.0
  • Parcel #: 217-04-014

Building Info

  • Builder Name: Bob Bacon

Tax Info

  • Tax Annual Amount: 7839.0
  • Tax Block: 10000E
  • 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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $4,179,000 First American Title Ins Co
Cash Sale Deed $2,600,000 U S Title Agency Llc
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,767,500 New Conventional
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4684998

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-04-014