NOT LISTED FOR SALE

Estimated Value: $1,125,175 - $2,146,000

1.21 Acres
$1,360,103 Price per Acre
52,708 Sq Ft Lot

Last Sold October 23, 2020

Last sale price $600,000

Est. 209% increase in value since last sale

Current estimated payment $10,577/month

1 Day on Market

Highlights

  • Gated Community
  • Sonoran Trails Middle School Rated A-
  • Mountain View

About This Lot

As of October 2020

Fully improved level view lot with generous building envelopes. Minimum site prep and easy build. Average selling price for homes in this community exceeds $1.6M and many are in the $2.0M to $2.5M range. Kindly contact the listing agents for further information.

Last Agent to Sell the Property

Joseph Swiatek

RE/MAX Excalibur Listed on: 10/06/2020

Co-Listed By

George Turner

RE/MAX Excalibur License #SA557280000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,184

Lot Details

  • 1.21 Acre Lot
  • Property is zoned R1-70

HOA Fees

  • $105 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Desert Sun Academy Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 217-04-428

Community Details

Overview

  • Hoamco Association, Phone Number (480) 994-4479
  • Pinnacle Peak Place Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$3,184

Lot Details

0

HOA Fees

$105 per month

Listing Details

  • Cross Street: Pima Rd & Happy Valley Rd (NE Corner)
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: R1-70
  • Tax Year: 2020
  • Directions: From North or South: Pima Road to Happy Valley, turn East. The gate to Pinnacle Place appears immediately on the North side of Happy Valley Road.
  • Horses: No
  • Lot Size Acres: 1.21
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reex03
  • Co List Office Phone: 480-344-4400
  • Subdivision Name: PINNACLE PEAK PLACE
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Lot Features: Mountain View(s), Gated Community
  • Disclosures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 315.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 480-994-4479
  • HOA Transfer Fee: 210.0
  • Association Fee: 315.0
  • Association Fee Frequency: Quarterly
  • Association Name: HOAMCO
  • Phone: 480-994-4479
  • Association: Yes

Schools

  • Elementary School: Desert Sun Academy
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 52842.0
  • Additional Parcels: No
  • Parcel #: 217-04-428
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3184.0
  • Tax Book Number: 217.00
  • Tax Lot: 23
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Oct 7, 2020
Sold by
Soelberg Kevin and Soelberg Michelle
Bought by
Arikat Samir and Arikat Najla
Seller's Agent
Joseph Swiatek
RE/MAX Excalibur
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%
Current Estimated Value
$1,851,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,251,547
Avg. Annual Appreciation
25.17%
Original Mortgage
$400,000
Outstanding Balance
$359,176
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Estimated Equity
$1,411,059

Purchase Details

Listed on
Oct 6, 2020
Closed on
Sep 1, 2020
Sold by
Ppp Development Llc
Bought by
Kevin Soelberg and Kevin Michelle Soelberg
Seller's Agent
Joseph Swiatek
RE/MAX Excalibur
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$359,176
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Estimated Equity
$1,411,059
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
Arikat Samir $600,000 First American Title Ins Co
Kevin Soelberg $1,210,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arikat Samir $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $600,000 -2.4% --
10/05/2020 10/05/20 For Sale $615,000 -49.2% --
09/09/2020 09/09/20 Sold $1,210,000 -26.7% --
08/08/2020 08/08/20 Pending -- -- --
07/01/2020 07/01/20 Price Changed $1,650,000 -5.7% --
05/01/2020 05/01/20 For Sale $1,750,000 -- --
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 $4,609 $83,688 -- --
2024 $3,099 $79,703 -- --
2023 $3,099 $56,325 $56,325 $0
2022 $2,986 $53,565 $53,565 $0
2021 $3,242 $56,415 $56,415 $0
2020 $3,184 $52,875 $52,875 $0
2019 $3,089 $50,100 $50,100 $0
2018 $3,004 $55,830 $55,830 $0
2017 $2,893 $61,065 $61,065 $0
2016 $2,881 $61,215 $61,215 $0
2015 $2,905 $46,816 $46,816 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6142566

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-04-428