NOT LISTED FOR SALE

3848 E Cholla Ln Unit 11 Phoenix, AZ 85028

Paradise Valley Neighborhood

Estimated Value: $1,974,720

2.25 Acres
$877,653 Price per Acre
98,010 Sq Ft Lot

Last Sold May 09, 2024

Last sale price $1,900,000

Est. 4% increase in value since last sale

Current estimated payment $12,520/month

80 Days on Market

Highlights

  • Horses Allowed On Property
  • 2.25 Acre Lot
  • No HOA
  • Mercury Mine Elementary School Rated A
  • Mountain View

About This Lot

As of May 2024

Check document tab for 1/2024 APPRAISAL! $1,999,000.00 is the CASH SALES PRICE! $2,200,000.00 is the OWNER FINANCING SALES PRICE! NO H.O.A! South of Shea Blvd&40th Street location! Beautiful 2.25 ACRE(S) LOT w/incredible mountain views! Walk/Ride to the 38th Street or 40th Street PHOENIX MOUNTAIN PRESERVE trailheads from this UNIQUE land opportunity! BUILD YOUR OWN COMPOUND, Dream Home, MINI-RANCH+enjoy privacy&serenity, all with a ''IN TOWN LOCATION'' with easy access to freeway, airport, entertainment venues, restaurants, arts/culture, hiking, resorts, golf&PARADISE VALLEY MALL re-development! LOT ''CAN NOT'' BE SPLIT! Address NUMBERS 3848 on MAILBOX monument! Buyer to confirm/verify all information! NO HOME ON LOT (removed by previous owner), 2024 appraised value=$2,500,000.00!

Last Listed By

Erick Paddie

Scottsdale Sierra, Inc. License #BR008917000 Listed on: 04/10/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,238

Year Built

  • 1974

Lot Details

  • 2.25 Acre Lot
  • Property is zoned RE-43

Schools

  • Desert Cove Elementary School
  • Shea Middle School
  • Shadow Mountain High School

Additional Features

  • Mountain Views
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Sahuaro Hts Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 165-15-011-B

Property Details

Property Type

Land

Est. Annual Taxes

$17,238

Year Built

1974

Lot Details

0

Listing Details

  • Cross Street: TATUM&SHEA, WEST TO 40TH STREET, SOUTH ON 40TH ST
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: Raw Land, On Site Imp Needed
  • Topography: Existing Wash(s), Level
  • Zoning: RE-43
  • Tax Year: 2023
  • Directions: TO SAHUARO BLVD, SOUTHWEST(RIGHT)ON SAHUARO BLVD TO CHOLLA LN, LEFT(SE) ON CHOLLA LN (2.25 ACRE LOT ON THE NE SIDE OF STREET) 3848 Street numbers on existing MAIL BOX monument!
  • Horses: Yes
  • Lot Size Acres: 2.25
  • Road Surface Type: Asphalt
  • Subdivision Name: SAHUARO HTS
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1974

Interior Features

  • Possible Use: Single Family

Exterior Features

  • View: Mountain(s)
  • Disclosures: Boundary Survey Avlb
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Desert Cove Elementary School
  • High School: Shadow Mountain High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Shea Middle School

Lot Info

  • Lot Size: Triangular
  • Lot Size Sq Ft: 98185.0
  • Additional Parcels: No
  • Parcel #: 165-15-011-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17238.0
  • Tax Book Number: 165.00
  • Tax Lot: 11
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 9, 2024
Sold by
Cling Douglas A
Bought by
Jhg Trust and Gurley
Seller's Agent
Erick Paddie
Scottsdale Sierra, Inc.
Buyer's Agent
Hillary Gurley
Russ Lyon Sotheby's International Realty
List Price
$1,999,000
Sold Price
$1,900,000
Premium/Discount to List
-$99,000
-4.95%
Total Days on Market
80
Views
44
Current Estimated Value
$1,974,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,720
Avg. Annual Appreciation
3.78%
Original Mortgage
$750,000
Outstanding Balance
$699,611
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$1,275,109

Purchase Details

Closed on
Jan 27, 2023
Sold by
Cholla 3848 Llc
Bought by
Cling Douglas A

Purchase Details

Closed on
Dec 6, 2022
Sold by
Amy Steven J and Amy Powers
Bought by
Cholla 3848 Llc

Purchase Details

Closed on
Sep 9, 2021
Sold by
Skurja Shannon and Griffith Family Trust
Bought by
Powers Amy Dewey and Valentive Steven J

Purchase Details

Closed on
Oct 31, 2006
Sold by
Griffith Investment Co
Bought by
Griffith Jean P and Griffith Family Trust

Range of Values:

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Average Value
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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
Jhg Trust $1,900,000 Clear Title Agency Of Arizona
Cling Douglas A $2,200,000 Clear Title Agency Of Arizona
Cholla 3848 Llc -- --
Powers Amy Dewey $1,500,000 Old Republic Title Agency
Griffith Jean P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jhg Trust $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $1,900,000 -5.0% --
04/10/2024 04/10/24 For Sale $1,999,000 0.0% --
04/10/2024 04/10/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $1,999,000 -20.0% --
01/20/2024 01/20/24 For Sale $2,499,900 -- --
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 $17,607 $176,882 $176,882 --
2024 $17,238 $168,459 $168,459 --
2023 $17,238 $341,355 $341,355 $0
2022 $8,638 $82,110 $16,420 $65,690
2021 $8,064 $79,930 $15,980 $63,950
2020 $7,796 $73,480 $14,690 $58,790
2019 $7,807 $72,230 $14,440 $57,790
2018 $7,531 $82,950 $16,590 $66,360
2017 $7,194 $81,180 $16,230 $64,950
2016 $7,064 $78,400 $15,680 $62,720
2015 $6,497 $66,110 $13,220 $52,890
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Erick Paddie

    Scottsdale Sierra, Inc.

    (602) 617-4454

    6 in this area

    28 Total Sales

    Erick Paddie
    Section Image
  • Hillary Gurley

    Buyer's Agent in 2024

    Hillary Gurley

    Russ Lyon Sotheby's International Realty

    (602) 463-3359

    4 in this area

    48 Total Sales

    Hillary Gurley
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6653214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 165-15-011B

Arizona Maricopa County Phoenix 85028 Paradise Valley

3848 E Cholla Ln Unit 11, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 3848 E Cholla Ln Unit 11, Phoenix, AZ 85028 since 10 April 2024 and is currently priced at $1,974,720. This property was built in 1974. 3848 E Cholla Ln Unit 11 is a home located in Maricopa County with nearby schools including Mercury Mine Elementary School, Shea Middle School, and Shadow Mountain High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

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