NOT LISTED FOR SALE

Estimated Value: $1,293,218 - $1,788,000

5 Acres
$273,124 Price per Acre
234,353 Sq Ft Lot

Last Sold April 26, 2021

Last sale price $950,000

Est. 55% increase in value since last sale

Current estimated payment $8,745/month

22 Days on Market

Highlights

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

About This Lot

As of April 2021

Nestled at the base of Pinnacle Peak, Merit Crossing is among the most exclusive and highly-desired gated communities in north Scottsdale, with breathtaking views of the peak and city-light views stretching from neighboring Estancia to all of Scottsdale, Paradise Valley and Phoenix. Close to Scottsdale's most prestigious and renowned golf courses and restaurants, consisting of only 20 exclusive, truly estate-sized homesites, Merit Crossing
offers lush vegetation, wildflowers, native trees and Saguaro cacti. Only five lots remain available, and, as the last of the homes in Merit Crossing are built, the HOA is contemplating a live guard for the guardhouse.Consisting of 5.38 acres, Lot 15 is the largest and most magnificent lot in the subdivision, a prime interior lot with an extremely generous building envelope. Of the 20 Merit Crossing homes and lots, Lot 15 is unique in that the new owner can construct a home "square" with the street and the backyard will look directly up at Pinnacle Peak, in a southeastern direction, enabling the new owner to build a home of almost any size without having to shift it on the lot in order to capture the outstanding beauty of Pinnacle Peak. Lot 15 is priced to sell. Come build your custom dream home of any size on the best value lot in north Scottsdale.

Last Agent to Sell the Property

Jardin Ratzken

Two Brothers Realty & Co License #SA568148000 Listed on: 03/12/2021

Last Buyer's Agent

Katie Culver

HomeSmart License #BR523301000

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,864

Lot Details

  • 5.38 Acre Lot

HOA Fees

  • $350 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 15
  • Assessor Parcel Number 216-85-042

Community Details

Overview

  • Tri City Management Association, Phone Number (480) 844-2224
  • Merit Crossing Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$3,864

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Cross Street: PIMA & DYNAMITE
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: RES
  • Tax Year: 2020
  • Directions: East on Dynamite to 91st Street. South on 91st Street. Through gates. Continue south to property.
  • Lot Size Acres: 5.38
  • Road Surface Type: Asphalt
  • Subdivision Name: MERIT CROSSING
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Features:Gated Community3: Yes

Exterior Features

  • Lot Features: City Light View(s), Mountain View(s), Gated Community
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: None, City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1050.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 4808442224
  • HOA Transfer Fee: 400.0
  • Association Fee: 1050.0
  • Association Fee Frequency: Quarterly
  • Association Name: Tri City Management
  • Phone: 480-844-2224
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 234496.0
  • Additional Parcels: No
  • Parcel #: 216-85-042
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3864.0
  • Tax Book Number: 216.00
  • Tax Lot: 15
  • Tax Map Number: 85.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 14, 2021
Sold by
Schwartz Kevin and Schwartz Kevin Revocable
Bought by
Ameling John I and John I Ameling Declaration Of
Seller's Agent
Jardin Ratzken
Two Brothers Realty & Co
Buyer's Agent
Katie Culver
HomeSmart
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Current Estimated Value
$1,473,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,372
Avg. Annual Appreciation
10.31%

Purchase Details

Closed on
Sep 3, 2010
Sold by
Adamson Mark
Bought by
Schwartz Kevin and The Kevin Schwartz Revocable Living Trus

Purchase Details

Closed on
Apr 8, 2008
Sold by
Adamson Lori
Bought by
Adamson Mark T

Purchase Details

Closed on
Dec 13, 2005
Sold by
Adamson Mark T
Bought by
Adamson Mark T and Adamson Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2005
Sold by
Adamson Lori A
Bought by
Adamson Mark T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2005
Sold by
Cook James F
Bought by
Adamson Mark T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2005
Sold by
Huber Ronald J and Huber Judith D
Bought by
Cook James F

Purchase Details

Closed on
Feb 23, 2000
Sold by
Glaz Corp
Bought by
Huber Ronald J and Huber Judith D
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
Ameling John I $950,000 Security Title Agency Inc
Schwartz Kevin $405,001 None Available
Adamson Mark T -- Fidelity Title
Adamson Mark T -- Fidelity Title
Adamson Mark T -- Fidelity National Title
Adamson Mark T $1,200,000 Fidelity National Title
Cook James F $950,000 Chicago Title Insurance Co
Huber Ronald J $575,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adamson Mark T $800,000
Previous Owner Adamson Mark T $800,000
Previous Owner Adamson Mark T $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $950,000 -4.5% --
04/02/2021 04/02/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $995,000 -- --
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 $3,932 $71,398 $71,398 --
2024 $3,761 $67,998 $67,998 --
2023 $3,761 $99,705 $99,705 $0
2022 $3,623 $67,410 $67,410 $0
2021 $3,934 $70,950 $70,950 $0
2020 $3,864 $69,960 $69,960 $0
2019 $3,748 $75,900 $75,900 $0
2018 $3,645 $72,540 $72,540 $0
2017 $3,511 $83,925 $83,925 $0
2016 $3,495 $78,390 $78,390 $0
2015 $3,526 $74,256 $74,256 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6206055

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-85-042