NOT LISTED FOR SALE

27193 N 98th Way Unit 221 Scottsdale, AZ 85262

Estimated Value: $4,762,000 - $6,166,014

1.09 Acres
$5,129,362 Price per Acre
47,480 Sq Ft Lot

Last Sold February 17, 2015

Last sale price $1,650,000

Est. 239% increase in value since last sale

Current estimated payment $30,624/month

458 Days on Market

Highlights

  • Golf Course Community
  • Gated with Attendant
  • Property is near a golf course
  • Sonoran Trails Middle School Rated A-
  • City Lights View
  • Gentle Sloping Lot

About This Lot

As of February 2015

This is one of the finest home sites in all of North Scottsdale. Located in the renowned community of Estancia, this lot is perched just below Pinnacle Peak and offers sweeping views of the golf course and the valley below. A tremendous combination of city lights, sunsets and distant mountain views sets this lot apart from the rest. At just over an acre with a building envelope of over 24,000 square feet, there is ample space for design flexibility.

Last Agent to Sell the Property

Will Foote

Russ Lyon Sotheby's International Realty License #SA561829000 Listed on: 10/01/2013

Russ Lyon Sotheby's International Realty

Co-Listed By

Jay Pennypacker

The Noble Agency License #SA629903000

Last Buyer's Agent

Julie Rohr

RETSY License #SA642841000

RETSY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,572

Lot Details

  • 1.09 Acre Lot
  • Gentle Sloping Lot
  • Property is zoned R1-18

HOA Fees

  • $334 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Location

  • Property is near a golf course

Schools

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

Listing and Financial Details

  • Tax Lot 221
  • Assessor Parcel Number 216-84-096

Community Details

Overview

  • Estancia Comm Assoc Association, Phone Number (480) 342-9174
  • Estancia Subdivision

Recreation

  • Golf Course Community

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$8,572

Lot Details

0

HOA Fees

$334 per month

Listing Details

  • Cross Street: Pima Road & Dynamite Boulevard
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv
  • Topography: Gentle Sloping
  • Zoning: R1-18
  • Tax Year: 2014
  • Horses: No
  • Lot Size Acres: 1.09
  • Road Surface Type: Asphalt, Private Street
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: Estancia
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

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

Exterior Features

  • Fencing: None
  • Lot Features: Golf Course Subd, City Light View(s), Mountain View(s), Gated Community, Guarded Entry, Border Common Area
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1002.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 480-342-9174
  • Association Fee: 1002.0
  • Association Fee Frequency: Quarterly
  • Association Name: Estancia Comm Assoc
  • Phone: 480-342-9174
  • 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: 47655.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 216-84-096
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8571.86
  • Tax Book Number: 216.00
  • Tax Lot: 221
  • Tax Map Number: 84.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2013
Closed on
Jan 28, 2015
Sold by
Markkula Armas Clifford and Markkula Linda
Bought by
Mark J & Elizabeth L Kogan Family Trust
Seller's Agent
Will Foote
Russ Lyon Sotheby's International Realty
Buyer's Agent
Julie Rohr
RETSY
List Price
$1,750,000
Sold Price
$1,650,000
Premium/Discount to List
-$100,000
-5.71%
Current Estimated Value
$5,591,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,941,005
Avg. Annual Appreciation
12.08%

Purchase Details

Closed on
Apr 4, 2000
Sold by
Neff Douglas O and Neff Marilyn K
Bought by
Markkula Armas Clifford and Markkula Linda

Purchase Details

Closed on
Mar 25, 1996
Sold by
Estancia Development Associates Llc
Bought by
Neff Douglas O and Neff Marilyn K
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
Mark J & Elizabeth L Kogan Family Trust $1,650,000 Equity Title Agency Inc
Markkula Armas Clifford $1,200,000 First American Title
Neff Douglas O $650,000 Security Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2015 02/17/15 Sold $1,650,000 -5.7% --
01/02/2015 01/02/15 Pending -- -- --
10/01/2013 10/01/13 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 $12,300 $221,515 -- --
2024 $11,668 $210,966 -- --
2023 $11,668 $332,910 $66,580 $266,330
2022 $11,240 $241,180 $48,230 $192,950
2021 $12,205 $246,200 $49,240 $196,960
2020 $11,989 $257,010 $51,400 $205,610
2019 $11,629 $229,580 $45,910 $183,670
2018 $9,099 $163,200 $163,200 $0
2017 $8,763 $208,890 $208,890 $0
2016 $8,724 $206,115 $206,115 $0
2015 $8,800 $184,640 $184,640 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5007374

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-84-096