NOT LISTED FOR SALE

Estimated Value: $2,663,000 - $3,035,849

8 Acres
$355,176 Price per Acre
350,222 Sq Ft Lot

Last Sold October 05, 2023

Last sale price $2,900,000

Est. 8% decrease in value since last sale

Current estimated payment $15,577/month

216 Days on Market

Highlights

  • Gated Community
  • City Lights View
  • 8.04 Acre Lot
  • Sonoran Trails Middle School Rated A-

About This Lot

As of October 2023

Just reduced by $1,000,000! Don't miss this Incredible opportunity to own 8 acres of prime view property in the most coveted
neighborhood in North Scottsdale. Esperanza Estates at Pinnacle Peak is an exclusive 79-acre gated community featuring just 17 multi-acre homesites. This community which borders Estancia and the 150-acre Pinnacle Peak Park sold out in 2020. Lots 1 and 2 are now available for resale. With all utilities on property, these lots can either be sold with plans from Chen + Suchart Studio as imagined in the renderings included in the photos; or provide the site for your individually inspired dream home. Either way this is a rare chance to own estate property amidst other multi-acre estates insuring privacy, security, and uninterrupted city light and sunset views.

Last Agent to Sell the Property

Libby Cohen

RETSY License #SA572812000 Listed on: 02/16/2023

RETSY

Co-Listed By

Julie Rohr

RETSY License #SA642841000

Last Buyer's Agent

Libby Cohen

RETSY License #SA572812000 Listed on: 02/16/2023

RETSY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,277

Lot Details

  • 8.04 Acre Lot
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned R-190

HOA Fees

  • $520 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

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

Listing and Financial Details

  • Tax Lot 1 & 2
  • Assessor Parcel Number 216-85-058

Community Details

Overview

  • Esperanza HOA, Phone Number (248) 505-3805
  • Esperanza Estates At Pinnacle Peak Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$10,277

Lot Details

0

HOA Fees

$520 per month

Listing Details

  • Cross Street: Pima and Jomax
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv
  • Topography: {"Gentle Sloping":true}
  • Zoning: R-190
  • Tax Year: 2022
  • Directions: Pima Rd, North to Jomax Rd, East on Jomax Rd to end which is the entrance to Esperanza
  • Horses: No
  • Lot Size Acres: 8.04
  • Road Surface Type: Asphalt, Private Street
  • Co List Office Mls Id: rets001
  • Co List Office Phone: 602-842-0000
  • Subdivision Name: Esperanza Estates at Pinnacle Peak
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Fencing: None
  • Lot Features: Dual Street Ftg, City Light View(s), Mountain View(s), Gated Community, North/South Exp
  • Disclosures: Boundary Survey Avlb
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 6240.0
  • HOA Paid Frequency: Annually
  • HOA Telephone: 248-505-3805
  • Association Fee: 6240.0
  • Association Fee Frequency: Annually
  • Association Name: Esperanza HOA
  • Phone: 248-505-3805
  • 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: IRR
  • Lot Size Sq Ft: 350299.0
  • Number Of Lots: 2
  • Additional Parcels: Yes
  • Parcel #: 216-85-058
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10277.0
  • Tax Book Number: 216.00
  • Tax Lot: 1 & 2
  • Tax Map Number: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Oct 5, 2023
Sold by
Coleman-Solbraekke Community Property Tr
Bought by
Jason Kimbrell Separate Property Trust and Kimbrell
Seller's Agent
Libby Cohen
RETSY
Buyer's Agent
Libby Cohen
RETSY
List Price
$5,395,000
Sold Price
$2,900,000
Premium/Discount to List
-$2,495,000
-46.25%
Views
43
Current Estimated Value
$2,676,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$223,299
Avg. Annual Appreciation
-0.83%

Purchase Details

Closed on
Nov 20, 2020
Sold by
Woodside One Llc
Bought by
Coleman Lewis W and Solbraekke Anne

Purchase Details

Closed on
Dec 29, 2017
Sold by
Futuro D Esperanza Llc
Bought by
Woodside One 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
Jason Kimbrell Separate Property Trust $2,900,000 Fidelity National Title Agency
Coleman Lewis W $2,200,000 Fidelity Natl Ttl Agcy Inc
Woodside One Llc $925,000 First American Title Insuran
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $2,900,000 -23.6% --
09/29/2023 09/29/23 Off Market $3,795,000 -- --
08/29/2023 08/29/23 Price Changed $3,795,000 -20.9% --
06/02/2023 06/02/23 Price Changed $4,795,000 -11.1% --
02/16/2023 02/16/23 For Sale $5,395,000 -- --
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 $5,666 $102,881 $102,881 --
2024 $5,419 $97,982 $97,982 --
2023 $5,419 $133,320 $133,320 $0
2022 $5,221 $116,250 $116,250 $0
2021 $5,669 $115,050 $115,050 $0
2020 $5,568 $109,710 $109,710 $0
2019 $5,401 $114,120 $114,120 $0
2018 $5,253 $108,765 $108,765 $0
2017 $5,059 $117,015 $117,015 $0
2016 $5,037 $132,480 $132,480 $0
2015 $5,080 $87,419 $87,419 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6521393

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-85-058