$837,000 - $1,360,000
RENTED JUN 1, 2024

12505 N 88th Way Scottsdale, AZ 85260

Horizons Neighborhood
4 Beds
3 Baths
2,977 Sq Ft
$396 Price per Sq Ft

Last Sold August 17, 2021

Last sale price $1,000,000 $336 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,876/month

About This Home

As of August 2021

Welcome to Tres Palmeros, a renovated 4 bed 2.5 bath home on 1/3 Acre near 101 and Cactus, between Old Town and Kierland Commons in Scottsdale. Fully/partially furnished, mid-term lease negotiable. Great Room boasts 24-ft ceilings, leading to a lush backyard with Pergola, daybed, Pool, Jacuzzi, Putting Green, BBQ. Dining/Living Rooms feature fireplace, wet bar, 8-person dining table. Updated Kitchen with custom cabinets, granite countertops, 9-ft Island, stainless-steel appliances, and second fireplace. Master Bedroom offers 17-ft ceilings, walk-in closet, backyard views, spa-like bath. 3 Large Guest Bedrooms share updated hall bath with outdoor access. Other features: 3-car Garage, Large Laundry, Nest Thermostats, Samsung TVs, Sonos Sound Bar, Pottery Barn, Z-Gallerie couches.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Aug 11, 2021
Sold by
Barone Mark D and Barone Kaili M
Bought by
Burns Kevin Michael
Seller's Agent
Kirk DeSpain
Call Realty, Inc.
Buyer's Agent
Linda Boatwright
SERHANT.
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%
Current Estimated Value
$1,177,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,410
Avg. Annual Appreciation
4.44%
Original Mortgage
$800,000
Outstanding Balance
$733,697
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$443,713

Purchase Details

Closed on
May 14, 2011
Sold by
Barone Mark and Barone Kaili
Bought by
Barone Mark D and Barone Kaili M

Purchase Details

Closed on
Aug 21, 2009
Sold by
Benharbon Michel and Benharbon Joelle
Bought by
Barone Mark and Barone Kaili

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2004
Sold by
Benharbon Michel
Bought by
Benharbon Michel and Benharbon Joelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,500
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Benharbon Joelle
Bought by
Benharbon Michel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,500
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1997
Sold by
Taylor Scott L and Taylor Lisa C
Bought by
Benharbon Michel and Benharbon Joelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.45%
Mortgage Type
New Conventional

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
Burns Kevin Michael $1,000,000 Chicago Title Agency
Barone Mark D -- None Available
Barone Mark $445,000 Sterling Title Agency Llc
Benharbon Michel -- Security Title Agency
Benharbon Michel -- Security Title Agency
Benharbon Michel $291,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Kevin Michael $330,000
Open Burns Kevin Michael $800,000
Previous Owner Barone Mark Darin $275,000
Previous Owner Barone Mark D $375,000
Previous Owner Barone Mark $400,500
Previous Owner Benharbon Michel $693,500
Previous Owner Benharbon Michael $50,000
Previous Owner Benharbon Michel $539,720
Previous Owner Benharbon Michel $0
Previous Owner Benharbon Joelle $65,000
Previous Owner Benharbon Michel $366,500
Previous Owner Benharbon Michel $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2024 06/01/24 Rented $6,500 -7.1% --
04/22/2024 04/22/24 Under Contract -- -- --
03/19/2024 03/19/24 Price Changed $7,000 -6.7% $2 / Sq Ft
02/20/2024 02/20/24 Price Changed $7,500 -14.8% $3 / Sq Ft
02/10/2024 02/10/24 For Rent $8,800 0.0% --
08/17/2021 08/17/21 Sold $1,000,000 +0.5% $336 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $995,000 -- $334 / Sq Ft

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 $3,436 $59,092 -- --
2024 $3,376 $56,278 -- --
2023 $3,376 $74,370 $14,870 $59,500
2022 $3,177 $57,150 $11,430 $45,720
2021 $3,435 $50,930 $10,180 $40,750
2020 $3,404 $48,050 $9,610 $38,440
2019 $3,307 $46,350 $9,270 $37,080
2018 $3,229 $46,130 $9,220 $36,910
2017 $3,048 $44,130 $8,820 $35,310
2016 $2,970 $42,680 $8,530 $34,150
2015 $2,872 $40,730 $8,140 $32,590
Source: Public Records

Agents Affiliated with this Home

  • Joel Rosas

    Seller's Agent in 2024

    Joel Rosas

    HomeSmart

    (480) 440-4008

    6 in this area

    46 Total Sales

    Joel Rosas
    Section Image
  • Taylor Magnuson

    Buyer's Agent in 2024

    Taylor Magnuson

    eXp Realty

    (480) 808-6776

    4 in this area

    168 Total Sales

    Taylor Magnuson
    Section Image
  • Kirk DeSpain

    Seller's Agent in 2021

    Kirk DeSpain

    Call Realty, Inc.

    (602) 989-1755

    3 in this area

    217 Total Sales

    Kirk DeSpain
    Section Image
  • Linda Boatwright

    Buyer's Agent in 2021

    Linda Boatwright

    SERHANT.

    (602) 615-3589

    1 in this area

    81 Total Sales

    Linda Boatwright
    Section Image
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Map

Arizona Maricopa County Scottsdale 85260 Horizons

12505 N 88th Way, Scottsdale, AZ

Homes for Sale in Scottsdale, AZ

This home is located at 12505 N 88th Way, Scottsdale, AZ 85260 and is currently estimated at $1,177,410, approximately $395 per square foot. 12505 N 88th Way is a home located in Maricopa County with nearby schools including Redfield Elementary School, Desert Canyon Middle School, and Desert Mountain 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.

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