NOT LISTED FOR SALE

Estimated Value: $4,254,000 - $4,655,072

0.79 Acre
$5,575,558 Price per Acre
34,412 Sq Ft Lot

Last Sold July 27, 2022

Last sale price $1,362,500

Est. 223% increase in value since last sale

Current estimated payment $25,133/month

24 Days on Market

Highlights

  • 0.79 Acre Lot
  • Mountain View
  • No HOA
  • Hopi Elementary School Rated A

About This Lot

As of July 2022

A RARE FIND! This estate-size lot (0.8 Acre) is ready for your dream home! Enjoy close-up views of Camelback Mountain Praying Monk, the most iconic landmark in Phoenix. Tired of two-story homes on postage-stamp size lots? Give yourselves room to roam and create your private oasis. Plenty of room for Olympic size pool, sport court, bocce ball court or pickle ball court. Walk to PCDS, Chelsea's Kitchen. LGO, Steak 44, Suns training facility & the new Sam Fox Hotel & Restaurant. No HOA. Two new builds across the street, major remodels thru-out subdivision. Top Scottsdale school district. Once the site of a western movie set. Giant Saguaro and Organ Pipe Cacti were preserved. Boundary and Topo Surveys completed. Prelimnary G & D done. The best of Arcadia can be yours!

Last Listed By

Steven Ditter

Paradise Valley Real Estate License #BR012857000 Listed on: 06/15/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,899

Year Built

  • 1959

Lot Details

  • 0.79 Acre Lot
  • Block Wall Fence
  • Property is zoned RE-24

Property Views

  • Mountain Views

Schools

  • Hopi Elementary School
  • Ingleside Middle School
  • Arcadia High School

Community Details

  • No Home Owners Association
  • Cudia City Estates Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 171-08-047

Property Details

Property Type

Land

Est. Annual Taxes

$4,899

Year Built

1959

Lot Details

0

Listing Details

  • Cross Street: 40th Street & Camelback Road
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv, Off Site Imp Complte
  • Topography: {"Level":true}
  • Zoning: RE-24
  • Tax Year: 2021
  • Directions: Camelback Rd to 40th St, N to Colter St, E to lot. Nearly ACRE lot. Flat, symmetrical, surveyed, stucco block wall perimeter. Quiet street. Breathtaking Camelback Mountain views! A true Arcadia gem!
  • Horses: No
  • Lot Size Acres: 0.79
  • Road Surface Type: Asphalt, Dedicated Street, Alley
  • Subdivision Name: CUDIA CITY ESTATES
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1959

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: Mountain View(s)
  • Disclosures: Boundary Survey Avlb
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hopi Elementary School
  • High School: Arcadia High School
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: 165 X 247 X 168 X 184
  • Lot Size Sq Ft: 34251.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 171-08-047
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4899.0
  • Tax Book Number: 171.00
  • Tax Lot: 22
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2024
Sold by
Mrw Investments Llc
Bought by
Max Out Holdings Llc
Total Days on Market
24
Current Estimated Value
$4,404,691

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 15, 2022
Sold by
Old West Capital Llc
Bought by
Mrw Investments Llc
Seller's Agent
Steven Ditter
Paradise Valley Real Estate
Buyer's Agent
David Thayer
Compass
List Price
$1,547,000
Sold Price
$1,362,500
Premium/Discount to List
-$184,500
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.70%
Original Mortgage
$2,000,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2021
Sold by
Storjohann Larry A and Storjohann Monica M
Bought by
Old West Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2020
Sold by
Smiley Cathy and Entwistle Lori
Bought by
Storjohann Larry A and Storjohann Monica M

Purchase Details

Closed on
May 11, 2009
Sold by
Soufal Fred H and Soufal Grace W
Bought by
Soufal Fred H

Range of Values:

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Average Value
Not Available
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
Max Out Holdings Llc $4,300,000 Magnus Title Agency
Mrw Investments Llc $1,362,500 Magnus Title
Old West Capital Llc $1,075,000 Lawyers Title Of Arizona Inc
Storjohann Larry A $630,000 Lawyers Title Of Arizona Inc
Soufal Fred H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mrw Investments Llc $2,000,000
Previous Owner Old West Capital Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $1,362,500 -4.5% --
07/08/2022 07/08/22 Pending -- -- --
07/06/2022 07/06/22 Price Changed $1,427,000 -4.7% --
06/16/2022 06/16/22 Price Changed $1,497,000 -3.2% --
06/14/2022 06/14/22 For Sale $1,547,000 -- --
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 $5,740 $73,032 $73,032 --
2024 $5,625 $69,554 $69,554 --
2023 $5,625 $135,015 $135,015 $0
2022 $5,395 $114,705 $114,705 $0
2021 $4,899 $64,110 $12,820 $51,290
2020 $4,227 $58,960 $11,790 $47,170
2019 $4,063 $58,660 $11,730 $46,930
2018 $3,934 $53,670 $10,730 $42,940
2017 $3,732 $45,270 $9,050 $36,220
2016 $3,631 $41,250 $8,250 $33,000
2015 $3,744 $50,130 $10,020 $40,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6417470

Arizona Regional Multiple Listing Service (ARMLS)

APN: 171-08-047