NOT LISTED FOR SALE

Estimated Value: $4,604,831 - $5,917,000

0.94 Acre
$5,599,231 Price per Acre
40,946 Sq Ft Lot

Last Sold January 03, 2020

Last sale price $501,095

Est. 950% increase in value since last sale

Current estimated payment $30,803/month

184 Days on Market

Highlights

  • Golf Course Community
  • Gated with Attendant
  • Property is near a golf course
  • Black Mountain Elementary School Rated A-
  • City Lights View
  • Gentle Sloping Lot

About This Lot

As of January 2020

One of the last remaining homesites in this boutique village in the acclaimed Desert Mountain. This rare opportunity allows a south facing home that will capture the extraordinary views of the surrounding mountains, city lights and golf course views. This is one of 32 homesites left in the prestigious village of Seven Arrows where architecturally driven homes are tucked in the hillside of the Continental Mountains. Don't miss the drone video which captures the spirit of the land and the remarkable beauty of the high Sonoran desert.

Last Agent to Sell the Property

Donna LeGate

Compass License #BR006874000 Listed on: 05/14/2019

Compass

Co-Listed By

Cheryl D'Anna

Russ Lyon Sotheby's International Realty License #SA041552000

Last Buyer's Agent

David Reese

Exclusive Properties of Arizona License #SA109015000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,830

Year Built

  • 2022

Lot Details

  • 0.94 Acre Lot
  • Gentle Sloping Lot
  • Property is zoned R1-10

HOA Fees

  • $320 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Location

  • Property is near a golf course

Schools

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

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 219-47-523

Community Details

Overview

  • Dmma Association, Phone Number (480) 595-4000
  • Desert Mountain Subdivision

Recreation

  • Golf Course Community

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$1,830

Year Built

2022

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Cross Street: Cave Creek & Pima
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Subdivision Plat Apv
  • Topography: Gentle Sloping
  • Zoning: R1-10
  • Tax Year: 2018
  • Directions: One mile east of Pima Road on Cave creek road to entrance of Desert Mountain.
  • Horses: No
  • Lot Size Acres: 0.94
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon09
  • Co List Office Phone: 480-488-2998
  • Subdivision Name: Desert Mountain
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2022

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Other, See Remarks, Golf Course Subd, City Light View(s), Mountain View(s), Gated Community, Guarded Entry
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1917.84
  • HOA Paid Frequency: Semi-Annually
  • HOA Telephone: 480-595-4000
  • Association Fee: 1917.84
  • Association Fee Frequency: Semi-Annually
  • Association Name: DMMA
  • Phone: 480-595-4000
  • Association: Yes

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

  • Lot Size: IRR
  • Horse Amenities: Other, See Remarks
  • Lot Size Sq Ft: 41114.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 219-47-523
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1830.0
  • Tax Book Number: 219.00
  • Tax Lot: 8
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2021
Sold by
Reese Richard David and Reese Stephanie A
Bought by
Livingston Craig A and Livingston Cindy S
Total Days on Market
184
Current Estimated Value
$5,263,277

Purchase Details

Listed on
May 14, 2019
Closed on
Dec 19, 2019
Sold by
Kohnke Brandley A and Kohnke Loretta A
Bought by
Reese Richard David and Reese Stephanie A
Seller's Agent
Donna LeGate
Compass
Buyer's Agent
David Reese
Exclusive Properties of Arizona
List Price
$555,000
Sold Price
$501,095
Premium/Discount to List
-$53,905
-9.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.00%
Original Mortgage
$350,766
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 18, 2001
Sold by
Desert Mountain Properties Ltd Prtnrshp
Bought by
Kohnke Bradley A and Kohnke Loretta A
Source: Public Records

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
Livingston Craig A $780,000 First Arizona Title Agency
Reese Richard David $501,095 First Arizona Title Agency
Kohnke Bradley A $480,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reese Richard David $350,766
Previous Owner Wilkerson Brian C $1,227,489
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $501,095 -9.7% --
11/13/2019 11/13/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $555,000 -- --
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 $12,609 $228,942 -- --
2024 $1,888 $218,040 -- --
2023 $1,888 $98,430 $98,430 $0
2022 $1,819 $72,375 $72,375 $0
2021 $1,975 $76,800 $76,800 $0
2020 $1,940 $72,180 $72,180 $0
2019 $1,882 $75,990 $75,990 $0
2018 $1,830 $64,080 $64,080 $0
2017 $1,763 $64,080 $64,080 $0
2016 $1,755 $34,170 $34,170 $0
2015 $1,770 $39,968 $39,968 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5925407

Arizona Regional Multiple Listing Service (ARMLS)

APN: 219-47-523