NOT LISTED FOR SALE

Estimated Value: $1,424,000 - $2,108,000

1.01 Acres
$1,678,282 Price per Acre
43,996 Sq Ft Lot

Last Sold May 20, 2022

Last sale price $1,450,000

Est. 17% increase in value since last sale

Current estimated payment $9,293/month

29 Days on Market

Highlights

  • City Lights View
  • 1.01 Acre Lot
  • No HOA
  • Hopi Elementary School Rated A

About This Lot

As of May 2022

Pristine 1.01 acre homesite adjacent to Camelback Mountain and Arcadia! The property is conveniently located near Old Town Scottsdale, Downtown Phoenix, the Camelback Corridor, and an abundance of hiking trails, fine dining, and shopping. The lot offers stunning mountain views by day and striking city light views by night. The only thing missing is your dream home. Must see to fully appreciate!

Last Agent to Sell the Property

James Lanier

Lanier Real Estate, LLC License #BR649257000 Listed on: 04/12/2022

Last Buyer's Agent

Julie Bedrosian

American Realty Brokers License #SA558093000

American Realty Brokers

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,572

Lot Details

  • 1.01 Acre Lot
  • Property is zoned RE-35

Property Views

  • City Lights
  • Mountain

Schools

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

Community Details

  • No Home Owners Association
  • Highlands Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 172-15-001

Property Details

Property Type

Land

Est. Annual Taxes

$3,572

Lot Details

0

Listing Details

  • Cross Street: 56th St & Camelback
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Plans Available
  • Zoning: RE-35
  • Tax Year: 2021
  • Directions: From Camelback, North on 56th St to property on left side of street.
  • Horses: No
  • Lot Size Acres: 1.01
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: HIGHLANDS
  • View:Mountain View(s): Yes
  • View:City Light View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • View: City Lights, Mountain(s)
  • Disclosures: None
  • 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
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 43893.0
  • Additional Parcels: No
  • Parcel #: 172-15-001

Tax Info

  • Tax Annual Amount: 3572.0
  • Tax Book Number: 172.00
  • Tax Lot: 1
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
May 12, 2022
Sold by
Levine Jonathan S
Bought by
Premier Real Estate Funding Llc
Seller's Agent
James Lanier
Lanier Real Estate, LLC
Buyer's Agent
Julie Bedrosian
American Realty Brokers
List Price
$1,595,000
Sold Price
$1,450,000
Premium/Discount to List
-$145,000
-9.09%
Current Estimated Value
$1,695,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,065
Avg. Annual Appreciation
-2.03%
Original Mortgage
$431,200
Outstanding Balance
$406,574
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$946,926

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 11, 2020
Sold by
Nm Properties Llc
Bought by
Levine Jonathan S
Seller's Agent
Jennifer Beveridge
Century 21 Arizona Foothills
Buyer's Agent
James Lanier
Lanier Real Estate, LLC
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.43%
Original Mortgage
$1,250,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 5, 2020
Sold by
Gould Teresa and Gould Scott A
Bought by
Gould Scott A
Seller's Agent
Jennifer Beveridge
Century 21 Arizona Foothills
Buyer's Agent
James Lanier
Lanier Real Estate, LLC
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2020
Closed on
Oct 27, 2020
Sold by
Irene Mcmurray Revocable Trust and Mcmurray Irene
Bought by
Nm Properties Llc
Seller's Agent
Jennifer Beveridge
Century 21 Arizona Foothills
Buyer's Agent
James Lanier
Lanier Real Estate, LLC
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2020
Sold by
Harmon Kirk J
Bought by
Mcmurray Irene

Purchase Details

Closed on
Dec 31, 2018
Sold by
Mcmurray Irene and The Irene Mcmurray Revocable T
Bought by
Harmon Kirk J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 2013
Sold by
Mcmuray Scott and Mcmurray Irene
Bought by
Mcmurray Irene and The Irene Mcmurray Revocable T

Purchase Details

Closed on
Jan 7, 2013
Sold by
Douglas William
Bought by
Mcmurray Scott and Mcmurray Irene

Purchase Details

Closed on
Sep 21, 2012
Sold by
Douglas Jill M
Bought by
Douglas William

Purchase Details

Closed on
Jan 27, 2004
Sold by
Salvo Joseph P and Salvo Joan H
Bought by
Faussane Raymond and Faussane Mona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 1998
Sold by
Salvo Joseph P and Salvo Joan H
Bought by
Hynes Salvo Joseph P and Hynes Salvo Joan
Source: Public Records

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
Premier Real Estate Funding Llc $1,450,000 American Title Services
Levine Jonathan S -- Accommodation
Gould Scott A -- American Title Svc Agcy Llc
Nm Properties Llc $750,000 American Title Company
Mcmurray Irene -- Chicago Title Agency
Harmon Kirk J $675,000 First American Title Insuran
Mcmurray Irene -- None Available
Mcmurray Scott $521,000 Great American Title Agency
Douglas William -- Great American Title Agency
Douglas William $373,500 Great American Title Agency
Faussane Raymond $675,000 Security Title Agency
Hynes Salvo Joseph P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nm Properties Llc $1,250,000
Previous Owner Harmon Kirk J $575,000
Previous Owner Faussane Raymond $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $1,450,000 -3.0% --
05/06/2022 05/06/22 Price Changed $1,495,000 -3.2% --
04/28/2022 04/28/22 Price Changed $1,545,000 -3.1% --
04/12/2022 04/12/22 For Sale $1,595,000 +112.7% --
11/05/2020 11/05/20 Sold $750,000 -6.3% --
10/21/2020 10/21/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $800,000 0.0% --
10/09/2020 10/09/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $800,000 -- --
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 $3,667 $46,656 $46,656 --
2024 $3,593 $44,434 $44,434 --
2023 $3,593 $134,775 $134,775 $0
2022 $3,446 $106,245 $106,245 $0
2021 $3,572 $103,560 $103,560 $0
2020 $3,519 $103,320 $103,320 $0
2019 $3,387 $101,595 $101,595 $0
2018 $3,257 $54,510 $54,510 $0
2017 $3,130 $44,415 $44,415 $0
2016 $3,049 $44,940 $44,940 $0
2015 $2,981 $40,736 $40,736 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6382265

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-15-001