$694,000
SOLD AUG 24, 2017

2875 E Maddock Rd Cave Creek, AZ 85331

4 Beds
3 Baths
2,138 Sq Ft
4.59 Acres

Recently Sold

$325 Per Sq Ft

1% Below List Price

74 Days on Market

Highlights

  • Equestrian Center
  • Barn
  • Mountain View
  • Desert Mountain Middle School Rated A-
  • 4.59 Acre Lot
  • Santa Barbara Architecture

About This Home

As of February 2024

Perfect for horse business!!! Secluded!Unique, well laid out! Perimeter pipe/ fencing with gate. End of dead end road surround by BLM, state land and Care Creek Park. Direct Access to bridle paths. 2 Sand arenas, one with stadium lighting, sprinklers and gorgeous views. 6 Stall mare motel with filtered water, misters, electric and separate feed and tack rooms with electric. 220 at barn. Hot walker, wood bridge over creek bed, turn out space galore! No side set back so larger enclosed area! Home is neutral and serene! Stone floors, Alder cabinets throughout, granite in kitchen, Split floorplan. User friendly layout of parcel and direct access to trail system w/o going on roads.

Last Agent to Sell the Property

Paula Patton

Berkshire Hathaway HomeServices Arizona Properties License #SA637896000 Listed on: 04/14/2017

Last Buyer's Agent

Andreas Schmalz

Success Property Brokers License #SA631991000

Success Property Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,616

Year Built

  • Built in 2005

Lot Details

  • 4.59 Acre Lot
  • Desert faces the front and back of the property
  • Front Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • 3 Carport Spaces
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 2,138 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Mountain Views
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • No Interior Steps
  • Stepless Entry

Outdoor Features

  • Covered patio or porch
  • Outdoor Storage

Location

  • Property is near a bus stop

Schools

  • Black Mountain Elementary School
  • Desert Mountain Middle School
  • Cactus Shadows High School

Farming

  • Barn
  • Hot Walker

Horse Facilities and Amenities

  • Equestrian Center
  • Horse Automatic Waterer
  • Horses Allowed On Property
  • Corral
  • Tack Room
  • Arena

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Water Filtration System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Block 2047
  • Assessor Parcel Number 211-67-042-A

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by Richard Kremen

Recreation

  • Horse Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,616

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Maddock and 28th Street
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 5.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2016
  • Directions: Take Carefree highway to 32nd and go north to Cloud (1 mile) and then go west on Cloud to 28th st. First right is 28th st and go north till it ends on Maddock. Go East and turn south on driveway.
  • Property Sub Type: Single Family - Detached
  • Horses: Yes
  • Lot Size Acres: 4.59
  • Subdivision Name: None
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone
  • Basement YN: No
  • Possible Use: Res/Business Use Ok, Ranch/Farm
  • Spa Features: None
  • Accessibility Features: Zero-Grade Entry
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: Other, See Remarks, Breakfast Bar, 9+ Flat Ceilings, Drink Wtr Filter Sys, No Interior Steps, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 2138.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Separate Workshop: Yes
  • Community Features:Horse Facility: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:See Remarks2: Yes

Exterior Features

  • Fencing: See Remarks, Other
  • Exterior Features: Other, Circular Drive, Covered Patio(s), Patio, Storage
  • Lot Features: Sprinklers In Front, Desert Back, Desert Front, Dirt Front, Dirt Back, Auto Timer H2O Front
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req
  • Home Warranty: Yes
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Separate Strge Area, RV Access/Parking
  • Attached Garage: No
  • Carport Spaces: 3.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:RV Parking: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Other7: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Horse Facility, Biking/Walking Path
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Deer Valley Unified District
  • Middle Or Junior School: Desert Mountain School

Lot Info

  • Horse Amenities: Arena, Auto Water, Barn, Bridle Path Access, Corral(s), Hot Walker, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 200000.0
  • Parcel #: 211-67-042-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Richard Kremen

Tax Info

  • Tax Annual Amount: 2616.0
  • Tax Block: 2047
  • Tax Book Number: 211.00
  • Tax Lot: 0
  • Tax Map Number: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Feb 29, 2024
Sold by
Pearce Jennifer Rose
Bought by
William J Thompson And Kimber I Thompson Revo and Thompson
Seller's Agent
Megan Dante
Real Broker
Buyer's Agent
Barbara Miller
Russ Lyon Sotheby's International Realty
List Price
$2,295,000
Sold Price
$2,100,000
Premium/Discount to List
-$195,000
-8.5%
Total Days on Market
74
Views
40
Current Estimated Value
$1,847,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$252,770
Avg. Annual Appreciation
-9.75%

Purchase Details

Closed on
Jan 20, 2022
Sold by
Pearce Jennifer R
Bought by
Pearce Jennifer R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jun 28, 2017
Sold by
Caringi Thomas R and Patton Paula G
Bought by
Baker Jennifer Rose
Seller's Agent
Paula Patton
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Andreas Schmalz
Success Property Brokers
List Price
$699,000
Sold Price
$694,000
Premium/Discount to List
-$5,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%
Original Mortgage
$624,600
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 24, 2005
Sold by
Caringi Thomas R and Patton Paula G
Bought by
Town Of Cave Creek

Purchase Details

Closed on
Jul 23, 2004
Sold by
Kurtz Clyde W and The Estate Of Harold Ethelbert
Bought by
Caringi Thomas R and Patton Paula G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,100,000 First American Title Insurance
Warranty Deed -- First American Title
Warranty Deed $694,000 First American Title Insuran
Gift Deed -- --
Warranty Deed $250,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $567,500 New Conventional
Previous Owner $624,600 Adjustable Rate Mortgage/ARM
Previous Owner $349,000 New Conventional
Previous Owner $80,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $486,000 Fannie Mae Freddie Mac
Previous Owner $420,000 New Conventional
Closed $30,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $2,100,000 -5.6% $978 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/19/2024 01/19/24 Price Changed $2,225,000 -3.1% $1,036 / Sq Ft
01/04/2024 01/04/24 For Sale $2,295,000 +230.7% $1,068 / Sq Ft
08/24/2017 08/24/17 Sold $694,000 -0.7% $325 / Sq Ft
04/14/2017 04/14/17 For Sale $699,000 -- $327 / 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 $3,723 $45,717 -- --
2024 $3,084 $43,540 -- --
2023 $3,084 $62,310 $12,460 $49,850
2022 $2,967 $40,500 $8,100 $32,400
2021 $3,122 $38,460 $7,690 $30,770
2020 $3,078 $37,270 $7,450 $29,820
2019 $2,986 $40,320 $8,060 $32,260
2018 $2,881 $37,200 $7,440 $29,760
2017 $2,782 $35,370 $7,070 $28,300
2016 $2,616 $34,830 $6,960 $27,870
2015 $2,395 $32,350 $6,470 $25,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5590816

Arizona Regional Multiple Listing Service (ARMLS)

APN: 211-67-042A