NOT LISTED FOR SALE

10040 E Happy Valley Rd Unit 8 Scottsdale, AZ 85255

Desert Highlands Neighborhood

Estimated Value: $5,807,000 - $8,412,796

4 Beds
6 Baths
11,544 Sq Ft
$633/Sq Ft Est. Value

Last Sold November 02, 2017

Last sale price $4,600,000 $398 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $40,953/month

92 Days on Market

Highlights

  • Guest House
  • Golf Course Community
  • Heated Spa
  • Sonoran Trails Middle School Rated A-
  • Gated with Attendant
  • 1-minute walk to Pinnacle Peak Park

About This Home

As of November 2017

Nestled among the natural desert landscape of North Scottsdale, a rare opportunity awaits. A uniquely designed estate inspired by Wallace Neff . This Spanish Revival property captures the soul and spirit of the most prestigious homes built during California’s golden age. Ideally located in the sought after community of Desert Highlands, this timeless home is perched on three acres of privacy. Built by renowned builder Nance Construction the interiors include, intricate Portuguese limestone and ebony walnut flooring, hand plastered walls, soaring ceilings with elaborate wood beams and custom iron work by Peter Sevin. Artfully designed, the library includes lightened Georgia Sugar Pine Millwork that also serves as a convenient screening room, the carved detail is truly a vision to behold. The two story kitchen is astonishing with soap stone countertops, a large butcher block island, and a professional stainless steel appliance package, including a glass door Traulsen refrigerator and freezer, Thermador indoor grill, and a one of kind La Cornue French stove. The second floor of this manor has its own private entrances and showcases an additional laundry room, two oversized bedrooms, two luxurious baths, as well as an intimate second story patio. The breathtaking master suite has rich wood flooring, a large stone fireplace and hand crafted French doors that lead to a private patio and spa. The glorious master bath showcases marble top vanities, upholstered walls, his and her boutique style closets, hand-cut marble flooring and a deep free standing soaking tub. Mirroring the intricate details in the main home, the guest casita features an intimate kitchen with a Gaggeneu cooktop, a spacious bedroom, laundry room, and a luxurious bathroom. The grounds of this private estate are a glimpse into a timeless paradise. Designed by Santa Barbara Landscape Architect; Puck Erickson, spectacular archways line the grand sitting area that feature an outdoor fireplace, rose garden, and built-in barbecue. The mosaic tiled pool's dazzling waters lead up to a poolside cabana with wet bar and picturesque views of Pinnacle Peak. This magnificent property with star quality in the desert is simply awe-inspiring!

Last Agent to Sell the Property

Raul Siqueiros

Luxe Realty License #SA553109000 Listed on: 06/10/2017

Co-Listed By

Jack Luciano

Luxe Realty License #SA572325000

Last Buyer's Agent

Lloyd Fox

1912 Realty License #BR529637000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,912

Year Built

  • Built in 2002

Lot Details

  • 2.87 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Artificial Turf
  • Misting System
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

Parking

  • 4 Car Garage
  • 8 Open Parking Spaces
  • Garage Door Opener
  • Circular Driveway

Property Views

  • City Lights
  • Mountain

Home Design

  • Designed by Ken Brown Architects
  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 11,544 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 6 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Fire Sprinkler System

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

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

Additional Homes

  • Guest House

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 217-04-017

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Desert Highlands Association, Phone Number (480) 419-3712
  • Association Phone (480) 419-3712
  • Built by Nance
  • Desert Highlands Phase 1 Subdivision

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Golf Course Community
  • Heated Community Pool
  • Community Spa

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,912

Year Built

Built in 2002

Lot Details

0

HOA Fees

$1,260 per month

Parking

4

Listing Details

  • Cross Street: Pima and Happy Valley Road
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Ken Brown
  • HOA #2 Name: Desert Highlands
  • HOA #2 Phone Number: 480.419.3712
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 1260.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 8.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2002
  • Spa Private: Yes
  • Tax Year: 2016
  • Directions: East on Happy Valley to Golf Club Drive, North on Golf Club Drive to Desert Highlands Gate, Guard will direct you to home from gate.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 2.87
  • Co List Office Mls Id: agen01
  • Co List Office Phone: 480-739-5110
  • Subdivision Name: DESERT HIGHLANDS PHASE 1
  • Architectural Style: Spanish
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 1190.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Fire Sprinklers, Kitchen Island, Pantry, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Living Area: 11544.0
  • Stories: 2
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Golf Course: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Circular Drive, Covered Patio(s), Misting System, Patio, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Natural Desert Back, Grass Front, Grass Back, Synthetic Grass Frnt, Auto Timer H2O Front, Natural Desert Front, Auto Timer H2O Back
  • Pool Features: Heated, Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Other Structures: Guest House
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 8.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Separate Strge Area: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Security: Security System Owned, Security Guard
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Pool Htd, Guarded Entry, Golf, Clubhouse
  • Amenities: Management
  • Association #2 Fee: 70.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 1190.0
  • Association Fee Frequency: Monthly
  • Association: Desert Highlands
  • Association Name: Desert Highlands
  • Association Phone #2: 480.419.3712
  • Phone: 480-419-3712
  • 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: 480.419.3712
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Monthly
  • 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: 125205.0
  • Parcel #: 217-04-017
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Nance

Tax Info

  • Tax Annual Amount: 13912.0
  • Tax Book Number: 217.00
  • Tax Lot: 8
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2017
Closed on
Oct 25, 2017
Sold by
Cerkoney Constance J and Powell Constance J
Bought by
Boulware Terry A and Boulware Sonda S
Seller's Agent
Raul Siqueiros
Luxe Realty
Buyer's Agent
Lloyd Fox
1912 Realty
List Price
$4,850,000
Sold Price
$4,600,000
Premium/Discount to List
-$250,000
-5.15%
Current Estimated Value
$7,308,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,708,932
Avg. Annual Appreciation
6.60%
Original Mortgage
$680,000
Outstanding Balance
$575,203
Interest Rate
3.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$7,047,491

Purchase Details

Closed on
May 24, 2007
Sold by
Cerkoney Richard S
Bought by
Cerkoney Constance J

Purchase Details

Closed on
Oct 6, 1998
Sold by
Highland Peaks Ltd Partnership
Bought by
Cerkoney Richard S and Cerkoney Constance J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 17, 1997
Sold by
Berger Anita
Bought by
Thornburn John M and Thornburn Lynn H
Source: Public Records

Range of Values:

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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
Boulware Terry A $4,600,000 Pioneer Title Agency Inc
Cerkoney Constance J -- None Available
Cerkoney Richard S $527,500 Century Title Agency Inc
Thornburn John M $300,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boulware Terry A $3,000,000
Previous Owner Cerkoney Richard S $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2017 11/02/17 Sold $4,600,000 -5.2% $398 / Sq Ft
09/10/2017 09/10/17 Pending -- -- --
06/10/2017 06/10/17 For Sale $4,850,000 -- $420 / 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 $13,138 $259,852 -- --
2024 $12,721 $247,478 -- --
2023 $12,721 $301,010 $60,200 $240,810
2022 $12,312 $224,470 $44,890 $179,580
2021 $14,181 $226,910 $45,380 $181,530
2020 $15,379 $234,380 $46,870 $187,510
2019 $14,972 $233,650 $46,730 $186,920
2018 $14,505 $233,360 $46,670 $186,690
2017 $13,867 $236,810 $47,360 $189,450
2016 $13,912 $225,580 $45,110 $180,470
2015 $13,090 $195,720 $39,140 $156,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5618430

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-04-017