NOT LISTED FOR SALE

Estimated Value: $664,000 - $720,000

2 Beds
2 Baths
1,342 Sq Ft
$516/Sq Ft Est. Value

Last Sold February 14, 2024

Last sale price $690,000 $514 Per Sq Ft

Current estimated payment $4,001/month

369 Days on Market

Highlights

  • Horses Allowed On Property
  • 1.34 Acre Lot
  • No HOA
  • Mercury Mine Elementary School Rated A
  • Mountain View
  • Covered patio or porch

About This Home

As of February 2024

Surrounded by the Phoenix Mountain Preserve, this unique and rare home on a huge 1.34 acre lot is located on a private/quiet street with only a few other homes. It is just steps from hiking/biking trails, yet it is conveniently located in a central part of Phoenix. The owners went through the extensive planning and permitting process to expand, modernize, and nearly rebuild the home from the ground up, yet they were able to retain all of the uniqueness and charm that makes this property so appealing. With mountain and city views from nearly every window, this home is sure to impress! There is also a brand new, super efficient/19 SEER Bosch heat pump installed this Sept, 2023 And if desired, there is plenty of room to add garages, horse facilities, guest house, and more! (Some drawings attached in the documents tab) There is also a 145 sqft+- bonus room located on the first floor with its own private entrance that is not included in the overall sqft of the property, but could easily be used as an additional bedroom, office, gym, etc. ***it is an absolute miracle this home is still available so snatch it up before it's gone! Centrally located, city view properties on over an acre and surrounded by mountain preserve rarely come on the market, let alone for under a million+. The lot alone is worth more than list price, but this property includes an extremely well built, modern home, with a great design/floor plan to boot***

Last Agent to Sell the Property

Dave Freeman

HomeSmart License #SA533610000 Listed on: 01/19/2023

HomeSmart

Last Buyer's Agent

Elizabeth Rolfe

HomeSmart License #BR530393000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1959

Lot Details

  • 1.34 Acre Lot
  • Desert faces the front and back of the property
  • Artificial Turf

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,342 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Mountain Views
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • Circular Driveway

Schools

  • Desert Cove Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Cooling System Updated in 2023
  • Central Air
  • Heating Available
  • Septic Tank

Additional Features

  • Covered patio or porch
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Association fees include no fees

Listing and Financial Details

  • Tax Lot see legal descrip.
  • Assessor Parcel Number 166-22-005-B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,652

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Cactus Rd and Cave Creek Rd
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Items Updated Ht Cool Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 6.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1959
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 1.34
  • Subdivision Name: N/A
  • Property Attached Yn: No
  • Tax Parcel Letter: B
  • Windows:Dual Pane: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Full Bth Master Bdrm
  • Living Area: 1342.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Natural Desert Back, Synthetic Grass Frnt, Natural Desert Front
  • Pool Features: None
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Built-Up, Concrete
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Parking Features: Circular Driveway
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Parking Features:Circular Drive: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Desert Cove 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: 58361.0
  • Parcel #: 166-22-005-B

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2652.0
  • Tax Book Number: 166.00
  • Tax Lot: see legal descrip.
  • Tax Map Number: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Feb 14, 2024
Sold by
1902 E Cortez St Llc
Bought by
Tomaeno Gabriel
Seller's Agent
Dave Freeman
HomeSmart
Buyer's Agent
Elizabeth Rolfe
HomeSmart
List Price
$695,000
Sold Price
$690,000
Premium/Discount to List
-$5,000
-0.72%
Views
234
Current Estimated Value
$692,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,981
Avg. Annual Appreciation
0.31%
Original Mortgage
$655,500
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2017
Sold by
Horstman Robert M and Horstman Victoria
Bought by
1902 E Cortez St Llc

Purchase Details

Closed on
Jul 22, 2004
Sold by
Fernandez Philip J and Fernandez Jeanne D
Bought by
Horstman Robert M and Horstman Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1994
Sold by
Delathauwer Rene J and Delathauwer Mary
Bought by
Fernandez Jeanne D and Delathauwer Trust
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
Tomaeno Gabriel $690,000 American Title Service Agency
1902 E Cortez St Llc -- None Available
Horstman Robert M $200,000 Stewart Title & Trust Of Pho
Fernandez Philip J -- Stewart Title & Trust Of Pho
Fernandez Jeanne D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tomaeno Gabriel $664,300
Closed Tomaeno Gabriel $655,500
Previous Owner Horstman Robert M $146,000
Previous Owner Horstman Robert M $149,343
Previous Owner Horstman Robert M $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $690,000 -0.7% $514 / Sq Ft
12/25/2023 12/25/23 For Sale $695,000 +0.7% $518 / Sq Ft
12/24/2023 12/24/23 Off Market $690,000 -- --
11/19/2023 11/19/23 Price Changed $695,000 -7.2% $518 / Sq Ft
06/16/2023 06/16/23 Price Changed $749,000 -6.0% $558 / Sq Ft
01/19/2023 01/19/23 For Sale $797,000 -- $594 / 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 $2,081 $27,485 -- --
2024 $2,679 $26,177 -- --
2023 $2,679 $42,950 $8,590 $34,360
2022 $2,652 $32,010 $6,400 $25,610
2021 $2,659 $30,760 $6,150 $24,610
2020 $2,577 $27,920 $5,580 $22,340
2019 $2,581 $25,570 $5,110 $20,460
2018 $2,133 $24,410 $4,880 $19,530
2017 $2,037 $19,870 $3,970 $15,900
2016 $2,005 $20,310 $4,060 $16,250
2015 $1,860 $19,000 $3,800 $15,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6509842

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-22-005B