NOT LISTED FOR SALE

Estimated Value: $2,791,000 - $5,367,960

3.48 Acres
$1,062,927 Price per Acre
151,589 Sq Ft Lot

Last Sold July 20, 2018

Last sale price $395,000

Est. 806% increase in value since last sale

Current estimated payment $20,576/month

213 Days on Market

Highlights

  • Gated Community
  • City Lights View
  • Gentle Sloping Lot
  • Sonoran Trails Middle School Rated A-
  • 3.48 Acre Lot

About This Lot

As of July 2018

Build your custom dream home and enjoy the privacy of this premium 3.48 acre lot in the gated Desert Summit area of Pinnacle Peak/Troon. Its your turn to be King of the Hill with amazing 360 views of city lights, Estancia golf course and Pinnacle Peak. Close to world renowned Four Seasons Resort, outstanding restaurants, spectacular trails for hiking/biking and golf. Alta survey available in document tab or upon request. This subdivision is surrounded by several multi million dollar custom home developments. Lots this size and price are rare to find. Utilities located at property.Left of the sign check out the WHITE post for possible home site w/unbelieveable VIEWS.

Last Agent to Sell the Property

Lori Cedarstrom

Coldwell Banker Realty License #SA644395000 Listed on: 11/03/2017

Co-Listed By

Ryan Buckley

Coldwell Banker Realty License #SA645787000

Last Buyer's Agent

Steve Cyr

Luxor Homes License #SA558609000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,646

Lot Details

  • 3.48 Acre Lot
  • Gentle Sloping Lot

HOA Fees

  • $100 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Schools

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

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 216-79-136

Community Details

Overview

  • Desert Summit Association, Phone Number (602) 433-0331
  • Desert Summit Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,646

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Cross Street: Jomax & Alma School
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Gentle Sloping
  • Zoning: Residential
  • Tax Year: 2016
  • Directions: Pima north to Happy Valley Rd. East to Alma School, North to Jomax, East to 115th/Desert Summit Gate on left. Use second key pad for entrance.
  • Lot Size Acres: 3.48
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cbrb07
  • Co List Office Phone: 480-291-1600
  • Subdivision Name: DESERT SUMMIT
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Features:Gated Community3: Yes

Exterior Features

  • Lot Features: See Remarks, City Light View(s), Mountain View(s), Gated Community
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Alba
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: Other, City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 300.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 602-433-0331
  • HOA Transfer Fee: 400.0
  • Association Fee: 300.0
  • Association Fee Frequency: Quarterly
  • Association Name: Desert Summit
  • Phone: 602-433-0331
  • 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: 151757.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 216-79-136
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2646.0
  • Tax Book Number: 216.00
  • Tax Lot: 35
  • Tax Map Number: 79.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Jun 12, 2018
Sold by
Higgins Charles R and Cole Judy R
Bought by
Clark Kellie and Clark David
Seller's Agent
Lori Cedarstrom
Coldwell Banker Realty
Buyer's Agent
Steve Cyr
Luxor Homes
List Price
$499,000
Sold Price
$395,000
Premium/Discount to List
-$104,000
-20.84%
Current Estimated Value
$3,578,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,183,249
Avg. Annual Appreciation
36.55%
Original Mortgage
$300,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 21, 2004
Sold by
Pavarini Anthony M
Bought by
Higgins Charles R and Cole Judy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2003
Sold by
Cartolano John M
Bought by
Pavarini Anthony M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2001
Sold by
R Bruce Investments Inc
Bought by
Cartolano John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2000
Sold by
Dsa Ii Inc
Bought by
R Bruce Investments Inc
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
Clark Kellie $395,000 Lawyers Title Of Arizona Inc
Higgins Charles R $350,000 Capital Title Agency Inc
Pavarini Anthony M $222,000 North American Title Co
Cartolano John M $225,000 American Title Insurance
R Bruce Investments Inc $215,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Kellie $2,360,000
Closed Clark Kellie $300,000
Previous Owner Cole Judith R $282,000
Previous Owner Higgins Charles R $280,000
Previous Owner Pavarini Anthony M $177,600
Previous Owner Cartolano John M $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $395,000 -1.0% --
06/04/2018 06/04/18 Pending -- -- --
03/07/2018 03/07/18 Price Changed $399,000 -20.0% --
11/03/2017 11/03/17 For Sale $499,000 -- --
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 $8,566 $155,533 -- --
2024 $8,193 $148,127 -- --
2023 $8,193 $261,650 $52,330 $209,320
2022 $7,892 $200,530 $40,100 $160,430
2021 $2,978 $71,760 $71,760 $0
2020 $2,925 $71,190 $71,190 $0
2019 $2,837 $60,450 $60,450 $0
2018 $2,759 $57,510 $57,510 $0
2017 $2,657 $66,570 $66,570 $0
2016 $2,646 $53,070 $53,070 $0
2015 $2,669 $58,400 $58,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5683336

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-79-136