NOT LISTED FOR SALE

Estimated Value: $2,292,000 - $3,301,000

1.01 Acres
$2,749,714 Price per Acre
43,996 Sq Ft Lot

Last Sold September 11, 2013

Last sale price $275,000 $6 Per Sq Ft

Est. 910% increase in value since last sale

Current estimated payment $15,296/month

653 Days on Market

Highlights

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

About This Lot

As of September 2013

NOW OPEN TO ALL CUSTOM HOME BUILDERS! BUY & HOLD OR BUILD NOW!! The Pinnacle Is the Place To Live...Nestled in the shadows of the Pinnacle Peak Mountains is the upscale gated community of Pinnacle Peak Place. It is a private community of estate sized lots with mountain vistas that are minutes away from numerous golf courses, upscale shopping, excellent schools and easy access to the 101 Freeway. This is an exceptional offering of ''One Of A Kind'' properties with views, security, and tranquil surroundings. Don't miss this opportunity to become a resident of the exclusive North Scottsdale area. SELLER TERMS AVAILABLE!!

Last Agent to Sell the Property

Paul Sexson

Russ Lyon Sotheby's International Realty License #BR108958000 Listed on: 01/27/2010

Co-Listed By

Dave Pattison

Russ Lyon Sotheby's International Realty License #SA553895000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,685

Year Built

  • 2013

Lot Details

  • 1.01 Acre Lot

Interior Spaces

  • 44,060 Sq Ft Home
  • Mountain Views

Schools

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

Community Details

  • $2,919 per year Dock Fee
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$6,685

Year Built

2013

Lot Details

0

Listing Details

  • Cross Street: Pima & Happy Valley
  • Legal Info Lot Number: 73
  • Legal Info Range: 5E
  • Legal Info Section: 6
  • Legal Info Township: 4N
  • Roads Streets: Asphalt
  • Property Type: C
  • Estimated Deeded Fee Acres: 1.01
  • Estimated G N Sq Ft: G
  • Estimated Total Acres: 1.01
  • Estimated Total Acres G N: G
  • Assessor Parcel Number: 478.00
  • Displayon Public Websites: Y
  • Existing Land Use: Residential Lot
  • Hndrd Blk Directionl: E
  • Hundred Block: 8900
  • Land Features: Gated Community, Mountain View(s)
  • Legal Description Abbrev: PINNACLE PEAK PLACE
  • Marketing Name: Pinnacle Peak Place
  • Parcel Size: 1.00 - 2.49 Acres
  • Potential Use: Single Family
  • Price Per Acre: 341584.15
  • Price Per Sq Ft: 7.83
  • Type: Er
  • Zoned Presently: Single Family
  • Zoning: Residential
  • Map Code Grid: J38
  • Tax Year: 2009
  • Directions: Pima and Happy Valley Road North to Desert Highlands Dr. on right East to Gates on North and South Side
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2013

Interior Features

  • Estimated Sq Ft: 44060.00

Exterior Features

  • Lot Number: 73

Utilities

  • Water: City Franchise
  • Electric: Aps
  • Gas: Sw Gas

Condo/Co-op/Association

  • Association Info: Owner Association
  • Association Info HOA: Y

Schools

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

Lot Info

  • Lot Size: Irregular

Tax Info

  • Taxes: 2919.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2013
Sold by
Alam Faraz A and Mustafa Nadia
Bought by
Alam Faraz and Mustafa Nadia
Total Days on Market
653
Current Estimated Value
$2,777,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,700
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2013
Sold by
K Hovnanian Companis Of Arizona Llc
Bought by
Alam Faraz A and Mustafa Nadia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,700
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2012
Sold by
Ppp Devbelopment Llc
Bought by
K Hovnanian Companies Of Arizona Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Alam Faraz -- None Available
Alam Faraz A $1,046,428 New Land Title Agency Llc
K Hovnanian Companies Of Arizona Llc $275,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alam Faraz $890,000
Closed Alam Faraz $970,000
Closed Alam Faraz $130,000
Closed Alam Faraz A $993,700
Previous Owner Ppp Development Llc $7,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2013 09/11/13 Sold $275,000 -20.3% $6 / Sq Ft
11/11/2011 11/11/11 Pending -- -- --
01/27/2010 01/27/10 For Sale $345,000 -- $8 / 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 $6,685 $137,805 -- --
2024 $6,464 $131,242 -- --
2023 $6,464 $188,180 $37,630 $150,550
2022 $6,247 $142,400 $28,480 $113,920
2021 $6,785 $132,920 $26,580 $106,340
2020 $6,761 $126,930 $25,380 $101,550
2019 $6,503 $112,270 $22,450 $89,820
2018 $6,290 $101,630 $20,320 $81,310
2017 $5,999 $103,950 $20,790 $83,160
2016 $6,019 $99,220 $19,840 $79,380
2015 $5,644 $84,600 $16,920 $67,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4328125

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-04-478