NOT LISTED FOR SALE

12255 E Paraiso Dr Unit 12 Scottsdale, AZ 85255

Dynamite Foothills Neighborhood

Estimated Value: $3,393,000 - $3,997,792

3.19 Acres
$1,145,908 Price per Acre
138,956 Sq Ft Lot

Last Sold December 21, 2012

Last sale price $505,000 $4 Per Sq Ft

Est. 624% increase in value since last sale

Current estimated payment $21,210/month

271 Days on Market

Highlights

  • Gated Community
  • City Lights View
  • Hilly Lot
  • Copper Ridge School Rated A
  • 3.19 Acre Lot
  • Gentle Sloping Lot

About This Lot

As of December 2012

The Estates at Miramonte is a very unique gated community situated high on the North slopes surrounded on three sides by the McDowell Mountain Preserve. Generous building envelopes of 50,000 sf + and a height restriction of 30' makes this an ideal location to build your dream home. Enjoy thousands of acres of undisturbed, pristine mountain-side desert. This lot is one of the finest properties ever offered in North Scottsdale. Designed specifically for the most discerning buyer seeking secluded, secure, expansive living. At an elevation of nearly 3,000 ft, this property must be seen to be truly appreciated.

Last Agent to Sell the Property

Steve Cyr

Luxor Homes License #SA558609000 Listed on: 02/20/2012

Co-Listed By

Gary Haarer

Luxor Homes License #BR065761000

Last Buyer's Agent

Debbie Sinagoga

Russ Lyon Sotheby's International Realty License #BR535121000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,258

Lot Details

  • 3.19 Acre Lot
  • Irregular Lot
  • Gentle Sloping Lot
  • Hilly Lot
  • Property is zoned R-130

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 138,982 Sq Ft Home

Schools

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

Community Details

  • $1,435 per year Dock Fee
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$12,258

Lot Details

0

Listing Details

  • Tax Municipality: Scottsdale
  • Cross Street: Happy Valley Road & Alma School Road
  • Legal Info Cnty Rcrd Bk Pg Number: 975-18
  • Legal Info Lot Number: 12
  • Legal Info Range: 5E
  • Legal Info Section: 14
  • Legal Info Township: 4N
  • Roads Streets: Asphalt, Private Street
  • Property Type: C
  • Estimated Deeded Fee Acres: 3.19
  • Estimated Total Acres: 3.19
  • Assessor Parcel Number: 52.00
  • Development Status: Off Site Imp Complte, On Site Imp Cmplete, Subdivision Plat Apv
  • Displayon Public Websites: Y
  • Elevation: 2,001 - 3,000 Ft
  • Existing Land Use: Residential Lot
  • Hndrd Blk Directionl: E
  • Hundred Block: 12200
  • Land Configuration: Irregular Shape
  • Land Features: City Light View(s), Gated Community, Mountain View(s), North/South Exp
  • Legal Description Abbrev: Estates At Miramonte Mod
  • Marketing Name: Estates at Miramonte
  • Number Lotsin Listing: 1.00
  • Parcel Size: 2.50 - 4.99 Acres
  • Potential Use: Single Family
  • Price Per Acre: 187774.29
  • Price Per Sq Ft: 4.30
  • Topography: Gentle Sloping, Hillside
  • Type: Er
  • Zoned Presently: Single Family
  • Zoning: R-130
  • Map Code Grid: J39
  • Tax Year: 2011
  • Directions: East on Happy Valley, right on Alameda, right on 119th Way, left on Casitas Del Rio through the gates at Miramonte, right on Calle Serena.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Estimated Sq Ft: 138982.00

Exterior Features

  • Lot Number: 12

Utilities

  • Water: City Franchise
  • Electric: Aps
  • Gas: Sw Gas

Condo/Co-op/Association

  • Association Info: Owner Association
  • Association Info HOA: Y
  • Annual HOA Fees: 2000.00
  • HOA Name: Luxor Homes
  • HOA Paid Frequency: Annually
  • HOA Telephone: 480-361-7700
  • HOA Transfer Fee: 200.00
  • Association Info PAD Fee: Y
  • Association Info PAD Fee Amount: 2000.00
  • Association Property Info PAD Paid Frequency: Annually

Schools

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

Lot Info

  • Lot Size: IRR

Tax Info

  • Taxes: 1435.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2013
Sold by
Mcelroy Deborah M
Bought by
Revocabl Mcelroy Deborah M and Revocabl Deborah Marie Mcelroy
Current Estimated Value
$3,655,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$568,148
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,018,010

Purchase Details

Listed on
Feb 20, 2012
Closed on
Dec 13, 2012
Sold by
Lancelot Miramonte Llc
Bought by
Luxor Homes Llc
Seller's Agent
Steve Cyr
Luxor Homes
Buyer's Agent
Debbie Sinagoga
Russ Lyon Sotheby's International Realty
List Price
$717,000
Sold Price
$505,000
Premium/Discount to List
-$212,000
-29.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%

Purchase Details

Listed on
Feb 20, 2012
Closed on
Nov 19, 2012
Sold by
Luxor Homes Llc
Bought by
Mcelroy Jack Terry and Mcelroy Deborah M
Seller's Agent
Steve Cyr
Luxor Homes
Buyer's Agent
Debbie Sinagoga
Russ Lyon Sotheby's International Realty
List Price
$717,000
Sold Price
$505,000
Premium/Discount to List
-$212,000
-29.57%

Purchase Details

Closed on
Jul 25, 2012
Sold by
Luxor Homes Llc
Bought by
Lancelot Miramonte Llc
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
Revocabl Mcelroy Deborah M -- None Available
Luxor Homes Llc $370,000 First American Title Ins Co
Mcelroy Jack Terry $505,000 First American Title Ins Co
Lancelot Miramonte Llc $2,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy Jack Terry $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2012 12/21/12 Sold $505,000 -29.6% $4 / Sq Ft
11/17/2012 11/17/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $717,000 -- $5 / 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 $12,258 $181,178 -- --
2024 $12,117 $172,551 -- --
2023 $12,117 $215,900 $43,180 $172,720
2022 $11,496 $162,630 $32,520 $130,110
2021 $12,214 $163,320 $32,660 $130,660
2020 $12,107 $166,200 $33,240 $132,960
2019 $11,683 $165,500 $33,100 $132,400
2018 $11,313 $161,960 $32,390 $129,570
2017 $10,835 $163,500 $32,700 $130,800
2016 $10,625 $153,670 $30,730 $122,940
2015 $5,067 $71,450 $14,290 $57,160
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Cyr

    Luxor Homes

    (480) 330-4283

    1 in this area

    1 Total Sale

    Section Image

  • G

    Seller Co-Listing Agent in 2012

    Gary Haarer

    Luxor Homes

    (480) 330-4209

    2 in this area

    5 Total Sales

    Section Image
  • Debbie Sinagoga

    Buyer's Agent in 2012

    Debbie Sinagoga

    Russ Lyon Sotheby's International Realty

    (480) 703-2299

    1 in this area

    140 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4718795

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-09-052

Arizona Maricopa County Scottsdale 85255 Dynamite Foothills

12255 E Paraiso Dr Unit 12, Scottsdale, AZ

This home is located at 12255 E Paraiso Dr Unit 12, Scottsdale, AZ 85255 since 20 February 2012 and is currently estimated at $3,655,448, approximately $26 per square foot. 12255 E Paraiso Dr Unit 12 is a home located in Maricopa County with nearby schools including Copper Ridge School and Chaparral High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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