NOT LISTED FOR SALE

35000 N Arroyo Rd Cave Creek, AZ 85331

Estimated Value: $2,125,000 - $3,147,628

4 Beds

4.5 Baths

5,001 Sq Ft

$558/Sq Ft Est. Value

Last sale price $1,900,000 $380 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $16,119/month

284 Days on Market

Highlights

Guest House
Heated Spa
3.8 Acre Lot
Black Mountain Elementary School Rated A-
City Lights View
Contemporary Architecture

About This Home

As of August 2020

This beautiful privately gated estate offers everything one could imagine, including the highest interior finishes. Open great room with dramatic staircase entry which sets the tone of sheer luxury with views of the entire valley & city lights. Pool & Spa right off the master bedroom. The master has a workout room and views of The Boulders Golf Course. The great room has views of the whole valley with a fireplace that sits as the center piece for the dining and great room with soaring ceilings. The guest house has 2 bedrooms, great room with a fireplace, 2 baths and kitchen. 4 car garage. This is one of Arizona's most elegant estates and sits on 3.8 acres, perched on top of a mountain.

Last Agent to Sell the Property

Nancy Totten

Realty Executives License #SA044584000 Listed on: 10/16/2019

Co-Listed By

Maria Elena Rizzo

Realty Executives License #SA628757000

Last Buyer's Agent

Steven Folsom

Russ Lyon Sotheby's International Realty License #SA684206000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,215

Year Built

Built in 1993

Lot Details

3.8 Acre Lot
Desert faces the front and back of the property
Block Wall Fence

HOA Fees

$39 Monthly HOA Fees

Parking

4 Car Garage

Home Design

Contemporary Architecture
Wood Frame Construction
Tile Roof
Foam Roof
Block Exterior
Stucco

Interior Spaces

5,001 Sq Ft Home
1-Story Property
Central Vacuum
Vaulted Ceiling
Skylights
Double Pane Windows
Family Room with Fireplace
2 Fireplaces
City Lights Views
Security System Owned

Kitchen

Eat-In Kitchen
Gas Cooktop
Dishwasher
Kitchen Island
Granite Countertops

Flooring

Wood
Carpet
Stone

Bedrooms and Bathrooms

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

Laundry

Dryer
Washer

Pool

Heated Spa
Private Pool

Schools

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

Utilities

Refrigerated Cooling System
Heating System Uses Natural Gas
Water Filtration System
High Speed Internet
Cable TV Available

Additional Features

Covered patio or porch
Guest House

Community Details

Association fees include insurance, street maintenance
Carefree Foothills Association, Phone Number (623) 977-3860
Built by Custom
Carefree Foothills Subdivision

Listing and Financial Details

Tax Lot 42
Assessor Parcel Number 211-28-128-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,215

Year Built

Built in 1993

Lot Details

HOA Fees

$39 per month

Parking

Listing Details

Cross Street: Carefree Hwy & Arroyo Road
Property Type: Residential
Ownership: Fee Simple
HOA #2: N
Association Fees Land Lease Fee: N
Recreation Center Fee 2: N
Recreation Center Fee: N
Total Monthly Fee Equivalent: 38.75
Basement: N
Parking Spaces Total Covered Spaces: 4.0
Separate Den Office Sep Den Office: Y
Year Built: 1993
Spa Private: Yes
Tax Year: 2018
Directions: Carefree Hwy (between Scottsdale Rd. & Cave Creek) to Arroyo Road. North to stop sign turn right continue on Arroyo Rd to property.
Property Sub Type: Single Family - Detached
Horses: No
Lot Size Acres: 3.8
Co List Office Mls Id: reax40
Co List Office Phone: 480-585-0101
Subdivision Name: Carefree Foothills
Architectural Style: Contemporary
Property Attached Yn: No
Tax Parcel Letter: A
ResoBuildingAreaSource: Assessor
Association Fees:HOA Fee2: 465.0
Special Features: VirtualTour

Interior Features

Flooring: Carpet, Stone, Wood
Basement YN: No
Possible Use: None
Spa Features: Heated, Private
Possible Bedrooms: 5
Total Bedrooms: 4
Fireplace Features: Other (See Remarks), 2 Fireplace, Family Room
Fireplace: Yes
Interior Amenities: Eat-in Kitchen, 9+ Flat Ceilings, Central Vacuum, Drink Wtr Filter Sys, Vaulted Ceiling(s), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
Living Area: 5001.0
Stories: 1
Window Features: Skylight(s), Double Pane Windows
Kitchen Features:RangeOven Elec: Yes
Kitchen Features:Dishwasher2: Yes
Kitchen Features:Granite Countertops: Yes
Kitchen Features:Kitchen Island: Yes
Kitchen Features:Disposal2: Yes
Kitchen Features:Refrigerator2: Yes
Kitchen Features Pantry: Yes
Other Rooms:Great Room: Yes
Fireplace:_two_ Fireplace: Yes
Fireplace:Fireplace Family Rm: Yes
Kitchen Features:Wall Oven(s): Yes
Kitchen Features:Cook Top Gas: Yes
Fireplace:Other (See Remarks)14: Yes

Exterior Features

Fencing: Block
Exterior Features: Covered Patio(s)
Lot Features: Desert Back, Desert Front
Pool Features: Private
Pool Private: Yes
View: City Lights
Disclosures: Other (See Remarks)
Construction Type: Painted, Stucco, Block, Frame - Wood
Other Structures: Guest House
Roof: Tile, Foam
Construction:Frame - Wood: Yes
Construction:Block: Yes
Exterior Features:Covered Patio(s): Yes
Exterior Features:Separate Guest House: Yes

Garage/Parking

Total Covered Spaces: 4.0
Garage Spaces: 4.0

Utilities

Cooling: Refrigeration
Heating: Natural Gas
Laundry Features: Dryer Included, Washer Included
Security: Security System Owned
Water Source: City Water
Heating:Natural Gas: Yes

Condo/Co-op/Association

Amenities: Management
Association Fee: 465.0
Association Fee Frequency: Annually
Association Name: Carefree Foothills
Phone: 623-977-3860
Association: Yes

Association/Amenities

Association Fees:HOA YN2: Y
Association Fees:HOA Transfer Fee2: 400.0
Association Fees:HOA Paid Frequency: Annually
Association Fees:HOA Name4: Carefree Foothills
Association Fees:HOA Telephone4: 623 977-3860
Association Fees:PAD Fee YN2: N
Association Fees:Cap ImprovementImpact Fee _percent_: $
Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
Association Fee Incl:Street Maint: Yes
Association Fee Incl:Blanket Ins Policy: Yes

Fee Information

Association Fee Includes: Insurance, Street Maint

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

Land Lease: No
Lot Size Sq Ft: 165352.0
Parcel #: 211-28-128-A
ResoLotSizeUnits: SquareFeet

Building Info

Builder Name: Custom

Tax Info

Tax Annual Amount: 5215.0
Tax Book Number: 211.00
Tax Lot: 42
Tax Map Number: 28.00

Ownership History

Mar 2021 - Present Margetis Martin J and Margetis Sandra Y 4 Years and 3 Months

Private Individual

Purchase Details

Closed on

Mar 2, 2021

Sold by

Margetis Martin J and Margetis Sandra Y

Bought by

Margetis Martin J and Margetis Sandra Y

Total Days on Market

284

Current Estimated Value

$2,791,657

Jul 2020 - Mar 2021 Margetis Sandra Y and Margetis Martin J 8 Months

Private Individual

Purchase Details

Listed on

Oct 16, 2019

Closed on

Jul 28, 2020

Sold by

Calver Capital Ltd

Bought by

Margetis Sandra Y and Margetis Martin J

Seller's Agent

Nancy Totten

Realty Executives

Buyer's Agent

Steven Folsom

Russ Lyon Sotheby's International Realty

List Price

$2,455

Sold Price

$1,900,000

Premium/Discount to List

$1,897,545

77293.08%

Avg. Annual Appreciation

8.36%

Dec 2004 - Jul 2020 Calver Capital Ltd 15 Years and 7 Months

Private Individual

Purchase Details

Closed on

Dec 16, 2004

Sold by

Anderson J R and Anderson Rose Marie J

Bought by

Calver Capital Ltd

Source: Public Records

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Average Value

Not Available

List Price

Sold Price

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Purchase History

Buyer	Sale Price	Title Company
Margetis Martin J	--	None Available
Margetis Sandra Y	$1,900,000	First American Title Ins Co
Calver Capital Ltd	--	--

Source: Public Records

Property History

Date	Event	Price	Change	Sq Ft Price
08/20/2020 08/20/20	Sold	$1,900,000	-15.6%	$380 / Sq Ft
07/25/2020 07/25/20	Pending	--	--	--
05/04/2020 05/04/20	Price Changed	$2,250,450	+91568.0%	$450 / Sq Ft
10/15/2019 10/15/19	For Sale	$2,455	--	$0 / Sq Ft

Source: Arizona Regional Multiple Listing Service (ARMLS)

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	$4,906	$125,162	--	--
2024	$4,702	$119,202	--	--
2023	$4,702	$149,980	$29,990	$119,990
2022	$4,638	$108,120	$21,620	$86,500
2021	$5,166	$106,150	$21,230	$84,920
2020	$5,170	$99,730	$19,940	$79,790
2019	$5,240	$99,560	$19,910	$79,650
2018	$5,215	$100,360	$20,070	$80,290
2017	$4,991	$99,600	$19,920	$79,680
2016	$5,020	$98,070	$19,610	$78,460
2015	$4,672	$90,110	$18,020	$72,090

Source: Public Records

Agents Affiliated with this Home

Seller's Agent in 2020

Nancy Totten

Realty Executives

(602) 320-3081
Seller Co-Listing Agent in 2020

Maria Elena Rizzo

Realty Executives

(602) 402-6373

49 in this area

135 Total Sales
S

Buyer's Agent in 2020

Steven Folsom

Russ Lyon Sotheby's International Realty

(480) 488-2400

1 in this area

4 Total Sales

Steven Folsom

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5992139

APN: 211-28-128A

Arizona Maricopa County Cave Creek 85331

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes

35000 N Arroyo Rd Cave Creek, AZ 85331

Last Sold August 20, 2020

Highlights

About This Home

Home Details

Home Details

Ownership History

Purchase Details

Purchase Details

Home Financials for this Owner

Purchase Details

Similar Homes in Cave Creek, AZ

Home Values in the Area

Average Home Value in this Area

Purchase History

Property History

Tax History Compared to Growth

Tax History

Agents Affiliated with this Home

Map