NOT LISTED FOR SALE

3848 E Cholla Ln Unit 11 Phoenix, AZ 85028

Paradise Valley Village Neighborhood

Estimated Value: $1,649,000 - $2,638,000

2.25 Acres
$938,824 Price per Acre
98,010 Sq Ft Lot

Last Sold May 09, 2024

Last sale price $1,900,000

Est. 11% increase in value since last sale

Current estimated payment $12,551/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 Agent to Sell the Property

Erick Paddie

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

Last Buyer's Agent

Hillary Gurley

Compass License #SA643533000

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,238

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

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
  • Horses: Yes
  • Lot Size Acres: 2.25
  • Road Surface Type: Asphalt
  • Subdivision Name: SAHUARO HTS
  • Tax Parcel Letter: B
  • View:Mountain View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

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

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
Compass
List Price
$1,999,000
Sold Price
$1,900,000
Premium/Discount to List
-$99,000
-4.95%
Current Estimated Value
$2,112,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,354
Avg. Annual Appreciation
6.51%
Original Mortgage
$750,000
Outstanding Balance
$672,819
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$1,439,535

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
Source: Public Records
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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 List to Sale Price per Sq Ft
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 $18,077 $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
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Erick Paddie

    Scottsdale Sierra, Inc.

    (602) 617-4454

    2 in this area

    23 Total Sales

    Erick Paddie
    Section Image
  • Hillary Gurley

    Buyer's Agent in 2024

    Hillary Gurley

    Compass

    (602) 463-3359

    2 in this area

    46 Total Sales

    Hillary Gurley
    Section Image
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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 Village

3848 E Cholla Ln Unit 11, Phoenix, AZ

Not Listed for Sale

Lots

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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