NOT LISTED FOR SALE

4506 E McDonald Dr Unit 2 Paradise Valley, AZ 85253

Paradise Valley Area

Estimated Value: $4,102,000 - $6,244,000

1.03 Acres
$4,902,274 Price per Acre
44,867 Sq Ft Lot

Sale Details

Date Sold: December 4, 2017

Last sale price $700,000

Est. 621% increase in value since last sale

Current estimated payment $28,174 / mo

131 Days on Market

About This Lot

As of December 2017

SELLER'S MOTIVATED. Over an acre of land with fantastic views to Camelback Mountain, the Praying Monk formation, & the Mummy Mountain Preserve with the main entrance off 45th St and with Gas, Electric & Sewer improvements existing on property. Priced at land value, minus demolition costs for the existing 4 bed/3 bath home, it's primed for a major remodel, rebuild, or new-build opportunity; the majorly remodeled home directly to the north sold for $2.2m in 14 days in 2015. Located in one of the most desirable corridors of Paradise Valley, within biking & walking distance of 5 of PV's coveted resorts & spas, as well as Arcadia's new restaurants, and the trail head of Echo Canyon to the east. This is an incredible opportunity for someone with vision, and a desire for a strong equity position.

Last Agent to Sell the Property

Justin Shea

10K Development License #SA627714000 Listed on: 09/18/2017

Co-Listed By

Carrie Dykstra

Coldwell Banker Realty License #SA636281000

Last Buyer's Agent

Cynthia Fretz

Berkshire Hathaway HomeServices Arizona Properties License #SA560128000

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,886

Lot Details

  • 1.03 Acre Lot
  • Chain Link Fence

Schools

  • Kiva Elementary School
  • Cocopah Middle School
  • Arcadia High School

Community Details

  • No Home Owners Association
  • Camelhead Vista Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 169-50-002

Property Details

Property Type

Land

Est. Annual Taxes

$3,886

Lot Details

1.03 Acres

Listing Details

  • Cross Street: TATUM AND LINCOLN
  • Legal Info Range: 4E
  • Property Type: Land
  • Topography: Hillside, Gentle Sloping
  • Zoning: RESIDENTIAL
  • Tax Year: 2016
  • Lot Size Acres: 1.03
  • Co List Office Mls Id: cbrb02
  • Co List Office Phone: 602-954-6888
  • Subdivision Name: CAMELHEAD VISTA
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Block, Chain Link
  • Disclosures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kiva Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Lot Size: APPROX 258' X 183'
  • Lot Size Sq Ft: 44697.0
  • Additional Parcels: No
  • Parcel #: 169-50-002
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3886.0
  • Tax Book Number: 169.00
  • Tax Lot: 2
  • Tax Map Number: 50.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2021
Sold by
Bought by
Current Estimated Value
$5,049,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
0.0255%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2017
Closed on
Nov 20, 2017
Sold by
Bought by
Seller's Agent
Justin Shea
10K Development
Buyer's Agent
Cynthia Fretz
Berkshire Hathaway HomeServices Arizona Properties
List Price
$895,000
Sold Price
$700,000
Premium/Discount to List
-$195,000
-21.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.73%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,400,000 First Arizona Title Agency
$700,000 First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,720,000
Previous Owner $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2017 12/04/17 Sold $700,000 -21.8% --
09/18/2017 09/18/17 For Sale $895,000 +27.9% --
07/18/2017 07/18/17 Off Market $700,000 -- --
07/10/2017 07/10/17 For Sale $895,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,903 $144,769
2024 $8,393 $137,876
2023 $8,393 $274,410 $54,880 $219,530
2022 $8,051 $187,500 $37,500 $150,000
2021 $8,559 $175,150 $35,030 $140,120
2020 $4,213 $80,280 $16,050 $64,230
2019 $4,593 $99,060 $99,060 $0
2018 $4,770 $64,380 $12,870 $51,510
2017 $3,982 $64,250 $12,850 $51,400
2016 $3,886 $56,300 $11,260 $45,040
2015 $3,869 $56,300 $11,260 $45,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5631018

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-50-002

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