NOT LISTED FOR SALE

Estimated Value: $1,673,000 - $1,792,000

5 Beds
5.5 Baths
4,737 Sq Ft
$363/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $960,000 $203 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,639/month

560 Days on Market

Highlights

  • Play Pool
  • City Lights View
  • Family Room with Fireplace
  • Mercury Mine Elementary School Rated A
  • 0.34 Acre Lot
  • Vaulted Ceiling

About This Home

As of September 2019

Dramatic Price Reduction!!! Priced to Sell. Traditional, custom architecture, graciously evocative of Encanto and Arcadia traditions. Slightly elevated corner lot with mountain views & city lights. Easy access to downtown Phoenix, hiking trails & 10 minutes from Phoenix Basis School. Master Bedroom Suite with large walk-in cedar-lined closets opens to private patio & pool. Four additional Guest Bedrooms w/four Baths en-suite & walk-in closets. High quality construction, including concrete and metal roof, 10' foot ceilings, natural stone facade, flagstone patios and wrap-around walkways. Gas heated pool with waterfall. Superior interior finishes–hardwood floors,Kirkwood shutters throughout, recessed lighting and custom wood cabinetry. Functional Chef's Kitchen that opens to Family Room. in "Document Tab".

Last Agent to Sell the Property

Josefina Knoell

Russ Lyon Sotheby's International Realty License #SA023842000 Listed on: 02/07/2018

Russ Lyon Sotheby's International Realty

Co-Listed By

Susan Minskey-Solliday

Compass License #SA678056000

Last Buyer's Agent

Michael Momeyer

McMath Realty LLC License #SA586550000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,272

Year Built

  • Built in 1998

Lot Details

  • 0.34 Acre Lot
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Misting System
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 3 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Home Design

  • Wood Frame Construction
  • Concrete Roof
  • Metal Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 4,737 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Play Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue
  • Playground

Schools

  • Mercury Mine Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Water Filtration System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Custom
  • Cinnabar Court Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 165-06-185

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,272

Year Built

Built in 1998

Lot Details

0

Parking

3

Listing Details

  • Cross Street: 32nd Street & Shea Boulevard
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2013
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2015
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2015
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1998
  • Tax Year: 2017
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.34
  • Co List Office Mls Id: reax16
  • Co List Office Phone: 602-861-3300
  • Subdivision Name: Cinnabar Court
  • Architectural Style: Other (See Remarks)
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Appraiser
  • General Property Description:PriceSqFt: 202.65
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: 2 Fireplace, Family Room, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Eat-in Kitchen, 9+ Flat Ceilings, Drink Wtr Filter Sys, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 4737.0
  • Stories: 2
  • Window Features: Dual Pane
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:Media Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Covered Patio(s), Playground, Misting System, Patio, Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Fenced, Heated, Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Stone, Frame - Wood
  • Roof: Concrete, Metal
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Mercury Mine 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: 14799.0
  • Parcel #: 165-06-185
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 6272.0
  • Tax Book Number: 165.00
  • Tax Lot: 6
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Oct 23, 2019
Sold by
Thearle Marie and Raia Frank
Bought by
Raia Frank J and Thearle Marie S
Seller's Agent
Josefina Knoell
Russ Lyon Sotheby's International Realty
Buyer's Agent
Michael Momeyer
McMath Realty LLC
List Price
$1,150,000
Sold Price
$960,000
Premium/Discount to List
-$190,000
-16.52%
Current Estimated Value
$1,721,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$761,151
Avg. Annual Appreciation
9.74%

Purchase Details

Listed on
Feb 7, 2018
Closed on
Aug 30, 2019
Sold by
Altes Scott L
Bought by
Thearle Marie and Raia Frank
Seller's Agent
Josefina Knoell
Russ Lyon Sotheby's International Realty
Buyer's Agent
Michael Momeyer
McMath Realty LLC
List Price
$1,150,000
Sold Price
$960,000
Premium/Discount to List
-$190,000
-16.52%

Purchase Details

Closed on
Nov 9, 2015
Sold by
Altes Diane M
Bought by
Altes Scott L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 1, 2013
Closed on
Jul 30, 2013
Sold by
Palumbo Michael R and Palumbo Jean M
Bought by
Altes Scott L and Altes Diane M
Seller's Agent
Jean Palumbo
HomeSmart
Buyer's Agent
Bobby Lieb
HomeSmart
List Price
$989,000
Sold Price
$900,000
Premium/Discount to List
-$89,000
-9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.37%
Original Mortgage
$720,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 1997
Sold by
Palumbo Michael R and Palumbo Jean M
Bought by
Palumbo Michael R and Palumbo Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,600
Interest Rate
6.75%

Purchase Details

Closed on
Apr 29, 1997
Sold by
Palumbo Michael R and Palumbo Jean M
Bought by
Palumbo Michael R and Palumbo Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,600
Interest Rate
6.75%

Purchase Details

Closed on
Jun 6, 1994
Sold by
Schneider Joseph Jay
Bought by
Palumbo Michael R and Palumbo Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Raia Frank J -- None Available
Thearle Marie $960,000 Equity Title Agency Inc
Altes Scott L -- Clear Title Agency Of Az
Altes Scott L $900,000 Title Management Agency Of A
Palumbo Michael R -- Stewart Title & Trust
Palumbo Michael R -- --
Palumbo Michael R $111,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Altes Scott L $620,000
Previous Owner Altes Scott L $720,000
Previous Owner Palumbo Michael R $214,600
Previous Owner Palumbo Michael R $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2019 09/18/19 Sold $960,000 -2.5% $203 / Sq Ft
06/07/2019 06/07/19 Price Changed $985,000 -9.6% $208 / Sq Ft
02/06/2019 02/06/19 Price Changed $1,090,000 -5.2% $230 / Sq Ft
09/10/2018 09/10/18 For Sale $1,150,000 +19.8% $243 / Sq Ft
09/08/2018 09/08/18 Off Market $960,000 -- --
02/07/2018 02/07/18 For Sale $1,150,000 +27.8% $243 / Sq Ft
08/08/2013 08/08/13 Sold $900,000 -9.0% $196 / Sq Ft View Prior Sale
06/25/2013 06/25/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $989,000 -- $215 / 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 $7,468 $78,943 -- --
2024 $7,093 $75,183 -- --
2023 $7,093 $104,150 $20,830 $83,320
2022 $7,016 $81,180 $16,230 $64,950
2021 $7,039 $75,500 $15,100 $60,400
2020 $6,802 $72,350 $14,470 $57,880
2019 $6,812 $67,760 $13,550 $54,210
2018 $6,569 $65,120 $13,020 $52,100
2017 $6,272 $61,170 $12,230 $48,940
2016 $6,157 $57,150 $11,430 $45,720
2015 $5,657 $55,460 $11,090 $44,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5720104

Arizona Regional Multiple Listing Service (ARMLS)

APN: 165-06-185