NOT LISTED FOR SALE

Estimated Value: $1,315,000 - $1,826,000

5 Beds
4.5 Baths
6,559 Sq Ft
$250/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $1,337,500 $204 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $10,138/month

204 Days on Market

Highlights

  • On Golf Course
  • Heated Spa
  • City Lights View
  • Shadow Mountain High School Rated A-
  • Gated Community
  • 0.35 Acre Lot

About This Home

As of February 2021

MAJOR PRICE IMPROVEMENT - Amazing Sunsets and Mountain Views. Located within the hillside gated community situated near the 12th tee box over looking Lookout Mountain Golf Club. One of the most incredible custom homes you will ever see. No expense spared during construction. We have construction photos. Boasting Crema Marfil floors and stair steps imported from Spain, custom wrought iron work, and touches of Venetian Plaster throughout the home. The main floor has a great room with floor to ceiling sliding glass doors overlooking the mountains and golf course, gourmet kitchen with Viking /Subzero appliances and Owner's suite with two fireplaces. The lower level has a walkout family room to a heated negative edge pool/spa and BBQ area. This level also features second Owner's site with two additional ensuite bedroom.

Last Agent to Sell the Property

Scott Smith

Russ Lyon Sotheby's International Realty License #BR678539000 Listed on: 08/07/2020

Russ Lyon Sotheby's International Realty

Co-Listed By

David Smith

Russ Lyon Sotheby's International Realty License #SA637859000

Last Buyer's Agent

Mitchel Novak

Arizona Premier Realty Homes & Land, LLC License #SA671131000

Arizona Premier Realty Homes & Land, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,167

Year Built

  • Built in 2003

Lot Details

  • 0.35 Acre Lot
  • On Golf Course
  • Private Streets
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,559 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Triple Pane Windows
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Tinted Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Fireplace
  • Built-In Barbecue

Schools

  • Hidden Hills Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 214-47-865

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • The Management Trust Association, Phone Number (480) 284-5551
  • Built by custom
  • Ridge At Lookout Mountain Subdivision

Recreation

  • Golf Course Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,167

Year Built

Built in 2003

Lot Details

0

HOA Fees

$200 per month

Parking

3

Listing Details

  • Cross Street: Thunderbird & 18th St
  • Legal Info Range: 3E
  • 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: Y
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2016
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2016
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2016
  • Updated Roof: Partial
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2016
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2003
  • Spa Private: Yes
  • Tax Year: 2019
  • Directions: N on 18th Street from Thunderbird Up the Hill L on Larkspur Larkspur turns into 17th Place and curves right into the community gate
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.35
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: RIDGE AT LOOKOUT MOUNTAIN
  • Architectural Style: Santa Barbara/Tuscan
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 200.0
  • Special Features: None

Interior Features

  • Basement: Finished, Walk-Out Access, Full
  • Flooring: Carpet, Stone
  • Basement YN: Yes
  • Possible Use: Res/Business Use Ok
  • Spa Features: Heated, Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Soft Water Loop, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, Granite Counters
  • Living Area: 6559.0
  • Stories: 3
  • Window Features: Skylight(s), ENERGY STAR Qualified Windows, Triple Pane Windows, Low Emissivity Windows, Tinted Windows
  • Community Features:Golf Course: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Fireplace:_three_ Fireplace: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • Basement Description:Walkout: Yes
  • Basement Description:Finished2: Yes
  • Basement Description:Full: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio, Private Street(s), Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Front, Desert Front, On Golf Course, Natural Desert Back, Gravel/Stone Front, Auto Timer H2O Front, Irrigation Front
  • Pool Features: Heated, Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Electric Door Opener, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Separate Strge Area: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Golf
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association Name: The Management Trust
  • Phone: 480-284-5551
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: The Management Trust
  • Association Fees:HOA Telephone4: 480-284-5551
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Hidden Hills Elementary School
  • High School: Shadow Mountain High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15105.0
  • Parcel #: 214-47-865
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: custom

Tax Info

  • Tax Annual Amount: 8167.0
  • Tax Book Number: 214.00
  • Tax Lot: 33
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Feb 24, 2021
Sold by
Kharrazi Family Investment Llc
Bought by
Next Life Arizona Llc
Seller's Agent
Scott Smith
Russ Lyon Sotheby's International Realty
Buyer's Agent
Mitchel Novak
Arizona Premier Realty Homes & Land, LLC
List Price
$1,425,000
Sold Price
$1,337,500
Premium/Discount to List
-$87,500
-6.14%
Total Days on Market
204
Current Estimated Value
$1,641,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,113
Avg. Annual Appreciation
6.24%
Original Mortgage
$1,070,000
Outstanding Balance
$970,015
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$762,126

Purchase Details

Closed on
Dec 28, 2012
Sold by
Kharrazi M Reza and Kharrazi Negar
Bought by
Kharrazi Family Invetsments Llc

Purchase Details

Closed on
Feb 1, 2011
Sold by
Kharraazi M Reza
Bought by
Kharrazi M Reza and Kharrazi Nega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2005
Sold by
Kharrazi M Reza and Kharrazi Negar
Bought by
Kharrazi Md M Reza and Kharrazi Nega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 16, 2000
Sold by
Lookout Mountain Estates Llc
Bought by
Kharrazi Negar and Reza Kharrazi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.26%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Next Life Arizona Llc $1,337,500 Security Title Agency Inc
Kharrazi Family Invetsments Llc -- None Available
Kharrazi M Reza -- Accommodation
Kharrazi M Reza -- Clear Title Agency Of Arizon
Kharrazi M Reza -- Clear Title Agency Of Arizon
Kharrazi Md M Reza -- --
Kharrazi Negar $150,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Next Life Arizona Llc $1,070,000
Previous Owner Kharrazi M Reza $417,000
Previous Owner Mohamad R & Negar Kharrazi Family Trust $2,100,000
Previous Owner Kharrazi Negar $1,320,000
Previous Owner Kharrazi Mohamed Reza $999,900
Previous Owner Kharrazi Negar $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $1,337,500 -4.1% $204 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
12/15/2020 12/15/20 Price Changed $1,395,000 -3.8% $213 / Sq Ft
10/16/2020 10/16/20 Price Changed $1,449,900 +1.7% $221 / Sq Ft
07/12/2020 07/12/20 For Sale $1,425,000 0.0% $217 / Sq Ft
08/19/2019 08/19/19 Rented $7,000 +7.7% --
04/23/2019 04/23/19 For Rent $6,500 -- --
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 $8,658 $86,982 -- --
2024 $8,477 $82,840 -- --
2023 $8,477 $125,210 $25,040 $100,170
2022 $8,392 $107,020 $21,400 $85,620
2021 $8,417 $82,330 $16,460 $65,870
2020 $8,156 $81,930 $16,380 $65,550
2019 $8,167 $90,050 $18,010 $72,040
2018 $7,899 $84,680 $16,930 $67,750
2017 $8,579 $75,160 $15,030 $60,130
2016 $8,436 $73,080 $14,610 $58,470
2015 $7,812 $72,900 $14,580 $58,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6113694

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-47-865