NOT LISTED FOR SALE

Estimated Value: $4,104,313 - $4,943,000

5 Beds
5.5 Baths
6,443 Sq Ft
$711/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $4,750,000 $737 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $23,959/month

93 Days on Market

Highlights

  • Heated Pool
  • Gated Parking
  • Two Primary Bathrooms
  • Madison Heights Elementary School Rated A-
  • 1.21 Acre Lot
  • Mountain View

About This Home

As of March 2024

Impeccably renovated, this residence, a masterpiece by Vernon Swaback, exudes the unmistakable influence of Frank Lloyd Wright in its design. Nestled on a genuine hilltop retreat, this home stands proudly above the city lights, free from the constraints of any governing association. The seamless blend of architecture and unobstructed 360-degree views offers an unparalleled sense of privacy.

As you step into the residence, your gaze is immediately captured by the expansive great room. Beneath soaring ceilings and flanked by dual fireplaces, a fully equipped bar beckons with seating for a dozen guests. The wall behind, adorned entirely in floor-to-ceiling glass, opens to a captivating outdoor space featuring a gourmet kitchen, putting greens, a pool, hot tub, and breathtaking (cont..) breathtaking views of Piestewa Peak.

The kitchen has undergone a complete transformation with premium finishes and appliances. Meticulously chosen natural stone slabs complement a water-jetted marble backsplash, while new flooring seamlessly connects the five bedrooms and six baths.

The owner's suite boasts picturesque seating and offers some of downtown's finest views. A lavish ensuite showcases an oversized double shower with multiple heads and a soaking tub. The primary closet, so expansive that it currently serves as a nursery, adds to the suite's luxurious appeal.

State-of-the-art technologies, from Lutron Lighting to surround sound and a custom security system, have been seamlessly integrated. Accessibility features include a private elevator with direct access from the garage. To truly grasp the essence of this residence, an in-person visit is a must.

At the age of 17, Vernon Swaback joined Taliesin and collaborated with FLW for over two decades. Founder of Swaback Partners, he continued his legacy with award-winning designs, including DC Ranch and Biltmore Estates. As the sole actively practicing architect who worked directly with Wright, Swaback's expertise is evident in every detail. Featured in "The Custom Home," this property comes to life through stunning photos and Swaback's own eloquent description:

"Marriage of House and Site: A house should be a companion to the beauty of its setting, embracing color, forms, lighting, landscaping, terraces, and architectural extensions that unite the house with the land. Living in the mystery of beauty is performance art at its best."

Last Agent to Sell the Property

Aaron Benson

Realty ONE Group License #SA652464000 Listed on: 11/11/2023

Co-Listed By

Matthew Derdivanis

Realty ONE Group License #SA681187000

Last Buyer's Agent

Janice Delong

HomeSmart License #SA519175000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,273

Year Built

  • Built in 1987

Lot Details

  • 1.21 Acre Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 3 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Garage Door Opener
  • Gated Parking

Home Design

  • Designed by Vernon Swaback Architects
  • Brick Exterior Construction
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 6,443 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • 3 Fireplaces
  • Mountain Views

Kitchen

  • Kitchen Updated in 2022
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Bathroom Updated in 2022
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Pool Updated in 2022
  • Heated Pool
  • Diving Board
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Schools

  • Madison Heights Elementary School
  • Madison #1 Middle School
  • Camelback High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Plumbing System Updated in 2022
  • Wiring Updated in 2022
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Vernon Swaback
  • Biltmore Highlands 2 Subdivision

Listing and Financial Details

  • Tax Lot 134
  • Assessor Parcel Number 164-19-139

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,273

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Lincoln Drive and 22nd Street
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Vernon Swaback
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2022
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2022
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2022
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2022
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2022
  • Parking Spaces Slab Parking Spaces: 6.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Spa Private: Yes
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.21
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: BILTMORE HIGHLANDS 2
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 737.23
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: Private
  • Appliances: Gas Cooktop
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Elevator, Furnished(See Rmrks), Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, 2 Master Baths, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 6443.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac, Synthetic Grass Frnt, Synthetic Grass Back
  • Pool Features: Diving Pool, Heated, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Brick Veneer, Wood Frame, Painted, Brick
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Metal
  • Construction:Frame - Wood: 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
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Gated, Garage Door Opener, Direct Access, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 6.0
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: 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: Madison Heights Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 52796.0
  • Parcel #: 164-19-139

Building Info

  • Builder Name: Vernon Swaback

Tax Info

  • Tax Annual Amount: 20273.0
  • Tax Book Number: 164.00
  • Tax Lot: 134
  • Tax Map Number: 19.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2023
Closed on
Mar 4, 2024
Sold by
Spirit Ventures Llc
Bought by
Michael Klein Revocable Trust and Klein
Seller's Agent
Aaron Benson
Realty ONE Group
Buyer's Agent
Janice Delong
HomeSmart
List Price
$4,995,000
Sold Price
$4,750,000
Premium/Discount to List
-$245,000
-4.9%
Views
729
Current Estimated Value
$4,232,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$517,434
Avg. Annual Appreciation
-1.92%
Original Mortgage
$1,500,000
Outstanding Balance
$1,474,910
Interest Rate
6.6%
Mortgage Type
Seller Take Back
Estimated Equity
$3,107,528

Purchase Details

Listed on
Oct 19, 2020
Closed on
Feb 10, 2021
Sold by
Sheih Wilson W and Sheih Lucy L
Bought by
Spirit Ventures Llc
Seller's Agent
JoAnn Callaway
eXp Realty
Buyer's Agent
Torie Ellens
Engel & Voelkers Scottsdale
List Price
$2,999,900
Sold Price
$2,375,000
Premium/Discount to List
-$624,900
-20.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.09%

Purchase Details

Closed on
Oct 8, 2009
Sold by
Wells Fargo
Bought by
Sheih Wilson W and Sheih Lucy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,372,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2009
Sold by
Kruse Kristin Mcgrade and Kruse Dean V
Bought by
Wells Fargo

Purchase Details

Closed on
Mar 27, 2006
Sold by
Holland James C
Bought by
Kruse Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2005
Sold by
Hurst James T and Hurst Linda L
Bought by
Hilliard Michael F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
5.6%
Mortgage Type
Construction

Purchase Details

Closed on
May 13, 2004
Sold by
Sunset Point Investments
Bought by
Hurst James T and Hurst Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Source: Public Records
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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
Michael Klein Revocable Trust $4,750,000 Old Republic Title Agency
Spirit Ventures Llc $2,375,000 Lawyers Title Of Arizona Inc
Sheih Wilson W $1,715,000 First American Title Ins Co
Wells Fargo $1,750,000 First American Title
Kruse Dean $3,500,000 Chicago Title Insurance Co
Hilliard Michael F $3,500,000 Chicago Title Insurance Co
Hurst James T $2,300,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael Klein Revocable Trust $1,500,000
Previous Owner Sheih Wilson W $1,372,000
Previous Owner Kruse Dean $2,700,000
Previous Owner Hilliard Michael F $2,700,000
Previous Owner Hurst James T $2,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2024 03/04/24 Sold $4,750,000 -4.9% $737 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
11/11/2023 11/11/23 For Sale $4,995,000 +110.3% $775 / Sq Ft
03/10/2021 03/10/21 Sold $2,375,000 -5.0% $369 / Sq Ft View Prior Sale
01/29/2021 01/29/21 Price Changed $2,500,000 -10.7% $388 / Sq Ft
11/12/2020 11/12/20 Price Changed $2,799,000 -6.7% $434 / Sq Ft
10/09/2020 10/09/20 For Sale $2,999,900 -- $466 / 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 $21,921 $172,868 -- --
2024 $20,896 $164,636 -- --
2023 $20,896 $193,610 $38,720 $154,890
2022 $20,273 $149,330 $29,860 $119,470
2021 $20,636 $149,460 $29,890 $119,570
2020 $20,314 $139,650 $27,930 $111,720
2019 $19,867 $136,830 $27,360 $109,470
2018 $19,380 $134,120 $26,820 $107,300
2017 $18,467 $136,980 $27,390 $109,590
2016 $17,830 $123,570 $24,710 $98,860
2015 $16,560 $119,320 $23,860 $95,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6621131

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-19-139