NOT LISTED FOR SALE

Estimated Value: $785,000 - $895,000

3 Beds
2 Baths
1,356 Sq Ft
$627/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $310,500 $229 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $4,716/month

69 Days on Market

Highlights

  • Equestrian Center
  • Barn
  • 1.11 Acre Lot
  • Black Mountain Elementary School Rated A-
  • RV Access or Parking
  • Corner Lot

About This Home

As of November 2020

TRUSTEE SALE - MUST SELL***UNITED STATES BANKRUPTCY SALE. This is a Lender initiated short sale through the United States Bankruptcy Court System. Substantial homestead with horse stables, hay barn, and corral, on over an acre parcel of land in Cave Creek. Near everything, but tucked away for those that prefer solitude in the midst of town. Property needs work and updating, but the bones appear to be solid. There is a 1bed/1bath detached casita adjoining the 1-car garage, shed & a fenced dog run. Buyer to verify permits, living area, and measurements. Property is offered for sale on an AS-IS where is basis. Buyer is responsible for trash-out and repairs. Amazing opportunity to own this large beautiful horse property in default!

Last Agent to Sell the Property

Heena Khatri

URBANCITI Realty License #BR570341000 Listed on: 04/24/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1980

Lot Details

  • 1.11 Acre Lot
  • Desert faces the front of the property
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • RV Access or Parking

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,356 Sq Ft Home
  • 1-Story Property
  • Breakfast Bar
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Farming

  • Barn

Horse Facilities and Amenities

  • Equestrian Center
  • Horses Allowed On Property
  • Horse Stalls
  • Corral

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Tapekim North Subdivision

Listing and Financial Details

  • Short Sale
  • Tax Lot 5
  • Assessor Parcel Number 211-29-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,031

Year Built

Built in 1980

Lot Details

0

Parking

1

Listing Details

  • Cross Street: Cave Creek & Carefree Hwy
  • Legal Info Range: 4E
  • 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 Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2019
  • Directions: South to Tapekim Rd, East to Property on right (Pass 53rd Pl, which is a dirt road). Property is the corner lot on 53rd Pl & Tapekim Rd. Entrance to unpaved driveway is from Tapekim Rd entrance.
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 1.11
  • Subdivision Name: TAPEKIM NORTH
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Listing Cond:Short Sale: Yes
  • Special Features: 12

Interior Features

  • Flooring: Carpet, Linoleum, Tile
  • Basement YN: No
  • Possible Use: Ranch, Farm
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Master Downstairs, Breakfast Bar, 3/4 Bath Master Bdrm
  • Living Area: 1356.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Community Features:Horse Facility: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Chain Link, Partial
  • Lot Features: Corner Lot, Natural Desert Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, None, Other (See Remarks)
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted
  • Property Condition: Fixer
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: RV Access/Parking, Detached
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Detached: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air
  • Heating: Other, See Remarks
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water

Condo/Co-op/Association

  • Community Features: Horse Facility
  • 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: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Horse Amenities: Barn, Corral(s), Stall
  • Land Lease: No
  • Lot Size Sq Ft: 48439.0
  • Parcel #: 211-29-016

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1031.0
  • Tax Book Number: 211.00
  • Tax Lot: 5
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2022
Sold by
Chandra Khatri Ram
Bought by
Khatri Ram Chandra and Khatri Nimmi
Current Estimated Value
$849,560

Purchase Details

Closed on
Apr 6, 2022
Sold by
Khatri Ram Chandra and Khatri Nimmi
Bought by
Khatri Ram Chandra and Khatri Nimmi

Purchase Details

Listed on
Apr 24, 2020
Closed on
Nov 11, 2020
Sold by
Khatri Ram Chandra
Bought by
Khatri Ram Chandra and Khatri Heena
Seller's Agent
Heena Khatri
URBANCITI Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$385,000
Sold Price
$310,500
Premium/Discount to List
-$74,500
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.44%

Purchase Details

Listed on
Apr 24, 2020
Closed on
Nov 10, 2020
Sold by
Frank Randall L and Estate Of Charles And Stephani
Bought by
Khatri Ram Chandra
Seller's Agent
Heena Khatri
URBANCITI Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$385,000
Sold Price
$310,500
Premium/Discount to List
-$74,500
-19.35%

Purchase Details

Listed on
Apr 24, 2020
Closed on
Nov 9, 2020
Sold by
Khatri Nimmi and Khatri Ram Chandra
Bought by
Khatri Ram Chandra and Khatri Nimmi
Seller's Agent
Heena Khatri
URBANCITI Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$385,000
Sold Price
$310,500
Premium/Discount to List
-$74,500
-19.35%

Purchase Details

Closed on
May 17, 2005
Sold by
Vittetoe Maurice Dean
Bought by
Hages C Christopher and Hager Stephanie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2002
Sold by
Vittetoe Maurice Dean
Bought by
Vittetoe Maurice Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,500
Interest Rate
6.29%

Purchase Details

Closed on
Jan 11, 2000
Sold by
Vittetoe Maurice Dean
Bought by
Vittetoe Maurice Dean and Maurice Dean Vittetoe Revocable Trust

Purchase Details

Closed on
Sep 24, 1999
Sold by
Gustason Michael D and Gustason Carol L
Bought by
Vittetoe Maurice Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
7.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 1994
Sold by
Siggins Jo Ann and Siggins Josephine Ann
Bought by
Gustason Michael D and Gustason Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
8.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Khatri Ram Chandra -- --
Khatri Ram Chandra -- --
Khatri Ram Chandra -- --
Khatri Ram Chandra -- Accommodation
Khatri Ram Chandra $310,500 American Title Svc Agcy Llc
Khatri Ram Chandra -- American Title Svc Agcy Llc
Hages C Christopher $425,000 Chicago Title Insurance Co
Vittetoe Maurice Dean -- Land Title Agency Inc
Vittetoe Maurice Dean -- Land Title Agency Of Az Inc
Vittetoe Maurice Dean -- --
Vittetoe Maurice Dean $190,000 Fidelity National Title
Gustason Michael D $157,000 Network Escrow & Title Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hager C Christopher $346,100
Previous Owner Hager C Christopher $101,000
Previous Owner Hages C Christopher $340,000
Previous Owner Vittetoe Maurice Dean $189,500
Previous Owner Vittetoe Maurice Dean $180,500
Previous Owner Gustason Michael D $147,000
Closed Hages C Christopher $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $310,500 -8.7% $229 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
06/29/2020 06/29/20 Price Changed $340,000 -11.7% $251 / Sq Ft
04/24/2020 04/24/20 For Sale $385,000 -- $284 / 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 $1,045 $27,620 -- --
2024 $1,000 $26,305 -- --
2023 $1,000 $45,550 $9,110 $36,440
2022 $961 $27,030 $5,400 $21,630
2021 $1,079 $25,300 $5,060 $20,240
2020 $1,063 $23,450 $4,690 $18,760
2019 $1,031 $22,760 $4,550 $18,210
2018 $993 $21,450 $4,290 $17,160
2017 $957 $20,710 $4,140 $16,570
2016 $952 $20,280 $4,050 $16,230
2015 $900 $18,700 $3,740 $14,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6071425

Arizona Regional Multiple Listing Service (ARMLS)

APN: 211-29-016