NOT LISTED FOR SALE

Estimated Value: $1,944,000 - $2,357,000

1.24 Acres
$1,734,274 Price per Acre
54,014 Sq Ft Lot

Last Sold July 02, 2013

Last sale price $475,000

Est. 353% increase in value since last sale

Current estimated payment $11,885/month

93 Days on Market

About This Lot

As of July 2013

Exceptional 1.24 acre homesite in prestigious east Scottsdale. North/South exposure with beautiful view of the McDowell Mountains. Million dollar homes on both sides of the property. A perfect location to build your dream home. Preview the lot anytime.

Last Agent to Sell the Property

Paul Johnson

Russ Lyon Sotheby's International Realty License #SA560356000 Listed on: 01/23/2013

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Tana Walker

Realty ONE Group License #SA631527000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,325

Lot Details

  • 1.24 Acre Lot
  • Property is zoned R4

Community Details

  • No Home Owners Association
  • Custom Lot Subdivision

Listing and Financial Details

  • Assessor Parcel Number 217-27-988

Property Details

Property Type

Land

Est. Annual Taxes

$3,325

Lot Details

0

Listing Details

  • Cross Street: Cactus and 108th Street
  • Property Type: Land
  • Development Status: Plans Available, On Site Imp Cmplete
  • Zoning: R4
  • Tax Year: 2012
  • Directions: South on 108th. East on Laurel Lane to property.
  • Lot Size Acres: 1.24
  • Subdivision Name: Custom Lot
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: APS, Underground, Individual Meter
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 164x330
  • Lot Size Sq Ft: 54045.0
  • Additional Parcels: No
  • Parcel #: 217-27-988
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3325.0
  • Tax Book Number: 217.00
  • Tax Lot: 0
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2013
Closed on
Jun 28, 2013
Sold by
Jag Properties V Llc
Bought by
West Edward M and West Beth A
Seller's Agent
Paul Johnson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Tana Walker
Realty ONE Group
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$2,150,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,675,500
Avg. Annual Appreciation
13.11%

Purchase Details

Closed on
Nov 21, 2006
Sold by
Ray Teresa A and The Teresa A Ray Trust
Bought by
Castiglia Peter

Purchase Details

Closed on
Apr 25, 2006
Sold by
Meir Holly Bernal
Bought by
Jag Properties V Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2006
Sold by
Ray Teresa A
Bought by
Bernal Meir Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2005
Sold by
Lending Cents Llc
Bought by
Ray Teresa A and Teresa A Ray Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,567
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2005
Sold by
Ray Teresa A and Teresa A Ray Trust
Bought by
Castiglia Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,567
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2005
Sold by
Lending Cents Llc
Bought by
Ray Teresa A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
West Edward M $475,000 First Arizona Title Agency
Castiglia Peter -- First American Title Ins Co
Jag Properties V Llc $825,000 First American Title Ins Co
Bernal Meir Holly $575,000 First American Title Ins Co
Ray Teresa A -- First American Title Ins Co
Castiglia Peter $575,500 First American Title Ins Co
Ray Teresa A $1,121,000 First American Title Ins Co
Lending Cents Llc $825,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jag Properties V Llc $742,500
Previous Owner Castiglia Peter $431,567
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2013 07/02/13 Sold $475,000 -4.0% --
04/26/2013 04/26/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $495,000 -- --
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 $5,797 $85,680 -- --
2024 $5,730 $81,600 -- --
2023 $5,730 $141,150 $28,230 $112,920
2022 $5,436 $109,670 $21,930 $87,740
2021 $5,776 $97,800 $19,560 $78,240
2020 $5,726 $94,310 $18,860 $75,450
2019 $5,525 $88,800 $17,760 $71,040
2018 $3,971 $57,900 $57,900 $0
2017 $3,046 $63,255 $63,255 $0
2016 $2,987 $59,520 $59,520 $0
2015 $3,033 $45,616 $45,616 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4879117

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-27-988