NOT LISTED FOR SALE

36215 N Milky Way Dr Carefree, AZ 85377

Estimated Value: $1,480,000 - $1,639,000

4 Beds
4.5 Baths
4,000 Sq Ft
$393/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $1,500,000 $375 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,861/month

1 Day on Market

Highlights

  • Guest House
  • Private Pool
  • Two Primary Bathrooms
  • Black Mountain Elementary School Rated A-
  • RV Gated
  • Mountain View

About This Home

As of February 2023

This property SOLD at $1,700,000 w/ its adjacent Parcel.

Welcome to PRIVATE living in this Sante Fe style Carefree estate w/ 950sf guest house, on 1 Acre of STUNNING VIEWS- IN ADDITION TO 1 ACRE AVAILABLE IN ADJACENT LOT! With a total of 4BR, 4.5 baths, 4,000sf. Main home over 3,000sf of HIGHLY UPGRADED CHARM, w/ beautiful lodge-pole ceilings, updated saltillo tile, abundance of natural light thru the beautiful skylights, and high-quality details that continue throughout the home. Appreciate the Island Chef's kitchen w/ 6-burner Thermador dual-fuel range/oven/grill, plus Sub-Zero dual freezer, Fisher Paykel dishwasher, U-Line ice maker/storage, elegant granite counters, knotty alder cabinets with pullout drawers & Breakfast nook. ...CLICK ''MORE''. Collect and curate as connoisseurs in the 300-bottle wine cellar, to enjoy in charming dining area, or glide into the spacious living room to savor the magnificence of the stylish open floor plan. Owner's Suite is spacious w/ real Montana field stone flooring, large walk-in closet, double sinks, snail shower, jet tub, an office / exercise room & private exit to the pool & spa. The luxury expands into the 2 other grand bedrooms with adjacent bath, plus 2 additional half baths. The guest house adds almost 1000sf to this wonderful estate, and was built in 1996 w/ lodge-pole ceilings, 1 spacious bedroom (with the option of converting the garage -- yes, the guest house has its own garage -- to a 2nd bedroom). The kitchen opens to the family room for open-floor plan living. There's even a separate tub, shower, & a 1-car attached garage w/ laundry. Revel in the luxuries of the backyard, which offers a Pebbletec pool & spa, multiple water features and
covered patios. Step up to the 500sf Rooftop VIEW deck, for even greater VIEWS of Black Mountain, Pinnacle Peak, Troon, Four Peaks and more. This home is wonderful for family and entertaining!

More reasons to love this estate:
Improvements
New Roof with warranty 2020
3 New Hot Water Heaters 2021 (2 main house/1 Guest house)
New Garage Door & Opener main House 2022 (Phone App) / New Opener Guest House
New Trane HVAC system Guest House 2021
New Irrigation system 2022
New Pool Pump (2 speed) 2021
New Pool Filter 2022
Electric Pool Heater (estimated 2017)
New 8x8 Beams & stonework on main house Patio 2020
New window Awnings main house / large awning patio 2020
New Travertine & Turf outdoor space 2022
New grount pool Flagstone 2022
New Fridge guest House 2021
Exterior paint 2020
New Master bath toilet (washlet) 2021
New toilet guest bath
Restoration Hardware Chandeliers Kitchen & Dining
Fountains est. 2017
New Iron balcony railings 2022
New TV's guest & Kitchen (Approx 2021 & 2022)
All other TV's with exception of Living Room
Restoration Hardware Chandeliers
Garage Fridge/Guest House Fridge/main house fridge
Washers & Dryers in Main house & Guest House
Main Audio speaker switch only connected to entire home.
All patio furnishings
Items can be purchased
Main Audio system (Alexa enabled) & living room TV (new)
Restoration Hardware furnishings.
Pottery Barn furnishings
All Guest house furnishings (exception of mirrored dresser)

Want to add a 2nd acre? The adjacent acre lot to the south of the home is also available.

This property SOLD at $1,700,000 w/ its adjacent Parcel.

Last Agent to Sell the Property

Lesley Vann

Russ Lyon Sotheby's International Realty License #SA654490000 Listed on: 02/01/2023

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Teri Jones

HomeSmart License #SA646241000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,687

Year Built

  • Built in 1985

Lot Details

  • 1.04 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Misting System
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Circular Driveway
  • RV Gated

Home Design

  • Designed by Custom/Updated Architects
  • Santa Fe Architecture
  • Wood Frame Construction
  • Foam Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Family Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Stone
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Private Pool
  • Fence Around Pool
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Water Purifier
  • Water Softener
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Guest House

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 219-11-051

Community Details

Overview

  • Association fees include ground maintenance
  • Carefree Shadows Association, Phone Number (480) 575-8032
  • Built by Adjacent 1 Acre also available
  • Carefree Shadows Aka Velvet Shadows Subdivision, Custom +1 Acre Avail Floorplan

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,687

Year Built

Built in 1985

Lot Details

0

HOA Fees

$5 per month

Parking

3

Listing Details

  • Cross Street: Pima and Cave Creek Road
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Custom/Updated
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 5.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1985
  • Spa Private: Yes
  • Tax Year: 2022
  • Directions: At Pima & Stagecoach go East to Milky Way. Turn North to first home on the Right. (Adjacent One Acre Lot also seen next door.)
  • Master Model: Custom +1 Acre AVAIL
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.04
  • Subdivision Name: Carefree Shadows AKA Velvet Shadows
  • Architectural Style: Territorial/Santa Fe
  • Efficiency: Load Controller, Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 60.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Stone, Tile
  • Basement YN: No
  • Spa Features: Private
  • Appliances: Gas Cooktop, Water Purifier
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace, Family Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Soft Water Loop, Kitchen Island, Pantry, 2 Master Baths, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 4000.0
  • Stories: 1
  • Window Features: Skylight(s)
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Built In Recycling: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony, Misting System, Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Fenced, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Circular Driveway, Attch'd Gar Cabinets, Separate Strge Area, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Circular Drive: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Association Fee: 60.0
  • Association Fee Frequency: Annually
  • Association Name: Carefree Shadows
  • Phone: 480-575-8032
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Carefree Shadows
  • Association Fees:HOA Telephone4: 480-575-8032
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %

Fee Information

  • Association Fee Includes: Maintenance Grounds

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: 45172.0
  • Parcel #: 219-11-051

Building Info

  • Builder Name: Adjacent 1 Acre also available

Tax Info

  • Tax Annual Amount: 2687.2
  • Tax Book Number: 219.00
  • Tax Lot: 42
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Feb 22, 2023
Sold by
Colts-Tegg Eric and Colts-Tegg Lesley K
Bought by
Jones Terry
Seller's Agent
Lesley Vann
Russ Lyon Sotheby's International Realty
Buyer's Agent
Teri Jones
HomeSmart
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%
Views
38
Current Estimated Value
$1,571,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,753
Avg. Annual Appreciation
-1.23%
Original Mortgage
$400,000
Outstanding Balance
$388,322
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$1,065,908

Purchase Details

Closed on
Aug 5, 2020
Sold by
Colts Tegg Eric and Colts Tegg Lesley
Bought by
Colts Tegg Eric and Colts Tegg Lesly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2012
Closed on
Apr 24, 2013
Sold by
Koteas Peter Bp and Koteas Linda G
Bought by
Colts Tegg Eric and Henry Lesley K
Seller's Agent
Michael Woolsey
Liberty Properties & Associates
Buyer's Agent
Sarah Sakalauski
Coldwell Banker Realty
List Price
$700,000
Sold Price
$740,000
Premium/Discount to List
$40,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$175,000
Interest Rate
3.37%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2006
Sold by
Koteas Peter P and Koteas Linda G
Bought by
Koteas Peter P and Koteas Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2001
Sold by
Terrabrook Mirabel Llc
Bought by
Miller Ronald W

Purchase Details

Closed on
Mar 27, 1998
Sold by
Koteas Peter P and Koteas Linda G
Bought by
Koteas Peter P and Koteas Linda 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
4.87%

Purchase Details

Closed on
Dec 28, 1995
Sold by
Koteas Peter P and Koteas Linda G
Bought by
Koteas Peter P and Koteas Linda G

Purchase Details

Closed on
May 11, 1994
Sold by
Gerny Paul and Gerny Liselotte
Bought by
Koteas Peter P and Koteas Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.5%
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
Jones Terry $1,500,000 Arizona Premier Title
Colts Tegg Eric -- American Title Svc Agcy Llc
Colts Tegg Eric $740,000 First American Title Ins Co
Koteas Peter P -- Ticor Title Agency Of Arizon
Miller Ronald W $400,000 Transnation Title Insurance
Koteas Peter P -- Nations Title Insurance
Koteas Peter P -- --
Koteas Peter P $300,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Terry $100,000
Open Jones Terry $400,000
Previous Owner Colts Tegg Eric $510,400
Previous Owner Colts Tegg Eric $175,000
Previous Owner Colts Tegg Eric $417,000
Previous Owner Koteas Peter P $704,000
Previous Owner Koteas Peter P $745,000
Previous Owner Koteas Peter P $420,000
Previous Owner Koteas Peter P $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $1,500,000 -9.1% $375 / Sq Ft
02/01/2023 02/01/23 For Sale $1,650,000 +123.0% $413 / Sq Ft
06/03/2013 06/03/13 Sold $740,000 0.0% $185 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
02/18/2013 02/18/13 Price Changed $740,000 +5.7% $185 / Sq Ft
02/05/2013 02/05/13 For Sale $700,000 -5.4% $175 / Sq Ft
01/27/2013 01/27/13 Off Market $740,000 -- --
12/28/2012 12/28/12 For Sale $700,000 -- $175 / 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 $3,502 $75,802 -- --
2024 $2,743 $72,193 -- --
2023 $2,743 $82,420 $16,480 $65,940
2022 $2,687 $65,800 $13,160 $52,640
2021 $3,016 $63,050 $12,610 $50,440
2020 $2,973 $61,870 $12,370 $49,500
2019 $2,883 $61,080 $12,210 $48,870
2018 $2,775 $59,760 $11,950 $47,810
2017 $2,675 $54,630 $10,920 $43,710
2016 $2,661 $54,870 $10,970 $43,900
2015 $2,517 $48,670 $9,730 $38,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6514554

Arizona Regional Multiple Listing Service (ARMLS)

APN: 219-11-051