NOT LISTED FOR SALE

109 Summit Way Sedona, AZ 86336

Estimated Value: $2,882,000 - $4,013,000

4 Beds
4.5 Baths
3,925 Sq Ft
$910/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $3,775,000 $962 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $19,996/month

65 Days on Market

Highlights

  • Heated Spa
  • Dual Vanity Sinks in Primary Bathroom
  • Kitchen Island
  • Living Room with Fireplace
  • Tile Flooring
  • Central Air

About This Home

As of July 2023

THE PERFECT HOME. A stunning 4-bedroom, 4.5-bathroom luxury home located in the highly coveted Mystic Heights gated community. With its breathtaking interior finishes, high-end appliances, soaring high ceilings, and .87-acre lot, this property is truly exceptional. The open-concept living space is perfect for entertaining while taking in incredible views. Living, dining, kitchen combo is the perfect layout for entertaining and relaxing. The gourmet kitchen is a chef's dream with high-end appliances and ample storage space. Bedrooms are spacious, with plenty of natural light to create a bright and welcoming atmosphere. The bathrooms are equally impressive, with luxurious fixtures and finishes that create a spa-like feel. Rarely does an opportunity like this present itself.

Last Agent to Sell the Property

Jack Johnson

Posterity 44 LLC License #BR682052000 Listed on: 04/05/2023

Last Buyer's Agent

Bob Martz

Compass License #SA642574000

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,536

Year Built

  • Built in 2020

Lot Details

  • 0.87 Acre Lot
  • Desert faces the front of the property

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Wood Frame Construction
  • Spray Foam Insulation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,925 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Tile Flooring

Kitchen

  • Built-In Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Heated Spa
  • Outdoor Fireplace

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Propane

Community Details

  • Association fees include ground maintenance
  • Mystic Heights Association, Phone Number (305) 905-1110
  • Built by Puzzleworx LLC
  • Mystic Heights Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 408-12-059

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,536

Year Built

Built in 2020

Lot Details

0

HOA Fees

$200 per month

Parking

4

Listing Details

  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 200.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2020
  • Spa Private: Yes
  • Tax Year: 2022
  • Directions: Take AZ-89A onto Upper Red Rock Loop Rd. Turn left onto Chavez Ranch Rd, continue as road yields left. End of paved road, turn left into Mystic Heights. Turn left onto Summit Way (Corner Lot 24)
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.87
  • Subdivision Name: MYSTIC HEIGHTS
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 600.0
  • Utilities Butane Propane: Yes
  • Cooling:Central Air: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: Heated, Private
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace, Exterior Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Double Vanity, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3925.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Desert Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail, Vicinity of an Airport
  • Construction Type: Spray Foam Insulation, Stucco, Wood Frame, Block
  • Roof: Metal, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Spray Foam Insulatn: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Garage Spaces: 4.0
  • Open Parking Spaces: 2.0

Utilities

  • Electric: 220 Volts in Kitchen
  • Utilities: Propane
  • Cooling: Central Air
  • Heating: Propane
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Association Fee: 600.0
  • Association Fee Frequency: Quarterly
  • Association Name: Mystic Heights
  • Phone: 305-905-1110
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Mystic Heights
  • Association Fees:HOA Telephone4: 3059051110
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 38062.0
  • Parcel #: 408-12-059

Building Info

  • Builder Name: Puzzleworx LLC

Tax Info

  • Tax Annual Amount: 6536.0
  • Tax Book Number: 408.00
  • Tax Lot: 24
  • Tax Map Number: 12.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
Jul 3, 2023
Sold by
Allen Terrence and Allen Diana M
Bought by
Allen Family Trust and Allen
Seller's Agent
Jack Johnson
Posterity 44 LLC
Buyer's Agent
Bob Martz
Compass
List Price
$4,395,000
Sold Price
$3,775,000
Premium/Discount to List
-$620,000
-14.11%
Views
559
Current Estimated Value
$3,425,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349,252
Avg. Annual Appreciation
-2.12%
Original Mortgage
$1,100,000
Outstanding Balance
$1,078,232
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$2,532,134

Purchase Details

Listed on
Nov 2, 2021
Closed on
Oct 25, 2021
Sold by
Llbg Investments Llc
Bought by
Hakopian John A and Hakopian Stacy
Seller's Agent
Jack Johnson
Posterity 44 LLC
Buyer's Agent
Jack Johnson
Posterity 44 LLC
List Price
$2,950,000
Sold Price
$2,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.81%
Original Mortgage
$999,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2019
Closed on
Jul 23, 2020
Sold by
Mystic Heights Development Corporation
Bought by
Llbg Investments Llc
Seller's Agent
Roy Grimm
RE/MAX Sedona
Buyer's Agent
Esther Talbert
Yavapai Realty
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
307.76%
Original Mortgage
$445,000
Interest Rate
3.2%
Mortgage Type
New Conventional
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
Allen Family Trust -- --
Allen Terrence $3,775,000 Wfg National Title Insurance C
Hakopian John A $2,950,000 Old Republic Title Ins Az
Llbg Investments Llc $495,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Terrence $1,100,000
Previous Owner Hakopian John A $999,000
Previous Owner Llbg Investments Llc $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $3,775,000 -14.1% $962 / Sq Ft
07/08/2023 07/08/23 Price Changed $4,395,000 0.0% $1,120 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $4,395,000 +49.0% $1,120 / Sq Ft
11/02/2021 11/02/21 Sold $2,950,000 0.0% $762 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $2,950,000 +496.0% $762 / Sq Ft
07/28/2020 07/28/20 Sold $495,000 0.0% --
04/07/2020 04/07/20 Pending -- -- --
07/19/2019 07/19/19 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
2026 $10,506 $222,268 -- --
2024 $6,536 $232,552 -- --
2023 $10,228 $126,712 $22,530 $104,182
2022 $6,536 $6,142 $6,142 $0
2021 $585 $6,142 $6,142 $0
2020 $614 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6542125

Arizona Regional Multiple Listing Service (ARMLS)

APN: 408-12-059