NOT LISTED FOR SALE

Estimated Value: $2,363,094 - $2,732,000

1.14 Acres
$2,217,126 Price per Acre
49,658 Sq Ft Lot

Last Sold July 29, 2014

Last sale price $220,000

Est. 1,032% increase in value since last sale

Current estimated payment $14,114/month

287 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Corner Lot
  • Sonoran Trails Middle School Rated A-

About This Lot

As of July 2014

This BEAUTIFUL view lot of over an acre, offers the opportunity to build your dream home. The building envelope of over 20,000 sq. feet offers limitless possibilities with views galore. Don't miss an opportunity to buy this moderately priced lot with advantages too great to itemize. A complete survey has been done and available upon close of escrow.

Last Agent to Sell the Property

Debra Carleton

Russ Lyon Sotheby's International Realty Listed on: 07/21/2014

Last Buyer's Agent

Kathleen Prokopow

The Noble Agency License #SA550394000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,425

Lot Details

  • 1.14 Acre Lot
  • Corner Lot
  • Level Lot

HOA Fees

  • $92 Monthly HOA Fees

Schools

  • Desert Sun Academy Middle School

Additional Features

  • Mountain Views
  • North or South Exposure

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 216-79-190

Community Details

Overview

  • Cornerstone Prop. Association, Phone Number (602) 433-0331
  • Desert Summit Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,425

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Cross Street: Alma School and Jomax
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv
  • Topography: Level
  • Zoning: Residential
  • Tax Year: 2012
  • Directions: North on Pima Rd., East on Happy Valley, North on Alma School, East on Jomax to 115th St. Turn north and proceed through gate. Turn Right on Cavedale and follow to corner of Cavedale & Four Peaks.
  • Lot Size Acres: 1.14
  • Road Surface Type: Asphalt, Private Street, Curb(s) & Gutter(s)
  • Subdivision Name: Desert Summit
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Mountain View(s), Gated Community, North/South Exp
  • Disclosures: Seller Prop Disc Stm, Boundary Survey Avlb
  • Other Structures: None

Utilities

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

Condo/Co-op/Association

  • Annual HOA Fees: 275.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 602-433-0331
  • Association Fee: 275.0
  • Association Fee Frequency: Quarterly
  • Association Name: Cornerstone Prop.
  • Phone: 602-433-0331
  • Association: Yes

Schools

  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Desert Sun Academy

Lot Info

  • Lot Size: Irr.
  • Lot Size Sq Ft: 49440.6
  • Additional Parcels: No
  • Parcel #: 216-79-190
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2425.0
  • Tax Book Number: 216.00
  • Tax Lot: 89
  • Tax Map Number: 79.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2022
Sold by
Carmen Moses
Bought by
Edward Moses Credit Trust
Current Estimated Value
$2,491,194

Purchase Details

Closed on
Jan 25, 2021
Sold by
Moses Edward and Moses Carmen
Bought by
Moses Edward and Moses Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2020
Sold by
Moses Edward and Moses Carmen
Bought by
Moses Edward and Moses Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2016
Sold by
American International Relocation Soluti
Bought by
Moses Edward and Moses Carmen

Purchase Details

Closed on
Sep 19, 2016
Sold by
White Michele M and White Steven E
Bought by
American International Relocation Soluti

Purchase Details

Listed on
Jul 21, 2014
Closed on
Jun 24, 2014
Sold by
Carleton John G and Carleton Debra S
Bought by
White Michele M and White Steven E
Seller's Agent
Debra Carleton
Russ Lyon Sotheby's International Realty
Buyer's Agent
Kathleen Prokopow
The Noble Agency
List Price
$295,900
Sold Price
$220,000
Premium/Discount to List
-$75,900
-25.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.40%
Original Mortgage
$165,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2012
Closed on
May 1, 2013
Sold by
Vallone Ronald J and Vallone Mary E
Bought by
Carleton John G and Carleton Debra S
Seller's Agent
Marnie Rosenthal
Compass
Buyer's Agent
Debra Carleton
Realty ONE Group
List Price
$247,000
Sold Price
$230,000
Premium/Discount to List
-$17,000
-6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.76%
Original Mortgage
$172,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2002
Sold by
Dsa Ii Inc
Bought by
Vallone Ronald J and Vallone Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
6.24%
Mortgage Type
Seller Take Back
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
Edward Moses Credit Trust -- None Listed On Document
Moses Edward -- First American Title Ins Co
Moses Edward -- None Available
Moses Edward $1,560,000 None Available
American International Relocation Soluti -- None Available
White Michele M $220,000 First American Title Ins Co
Carleton John G $230,000 First American Title Ins Co
Vallone Ronald J $230,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moses Edward $1,000,000
Previous Owner Moses Edward $1,000,000
Previous Owner White Michele M $250,000
Previous Owner White Michele M $915,000
Previous Owner White Michele M $165,000
Previous Owner Carleton John G $172,500
Previous Owner Vallone Ronald J $161,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2014 07/29/14 Sold $220,000 -25.7% --
06/21/2014 06/21/14 Pending -- -- --
09/07/2013 09/07/13 For Sale $295,900 +28.7% --
05/31/2013 05/31/13 Sold $230,000 -6.9% --
04/30/2013 04/30/13 Pending -- -- --
11/26/2012 11/26/12 For Sale $247,000 -- --
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 $5,379 $113,102 -- --
2024 $5,198 $107,716 -- --
2023 $5,198 $139,960 $27,990 $111,970
2022 $5,020 $105,300 $21,060 $84,240
2021 $5,461 $102,850 $20,570 $82,280
2020 $5,442 $100,810 $20,160 $80,650
2019 $5,230 $98,780 $19,750 $79,030
2018 $5,055 $96,880 $19,370 $77,510
2017 $4,822 $99,480 $19,890 $79,590
2016 $5,537 $95,930 $19,180 $76,750
2015 $1,303 $31,456 $31,456 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4995434

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-79-190