$626,000 - $689,000
RENTED NOV 1, 2024

5022 E Wallace Ave Scottsdale, AZ 85254

Paradise Valley Neighborhood
3 Beds
2 Baths
1,717 Sq Ft
$380 Price per Sq Ft

Last Sold May 26, 2023

Last sale price $550,000 $320 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,918/month

Highlights

  • Gated Community
  • Vaulted Ceiling
  • Private Yard
  • Whispering Wind Academy Rated A-
  • Corner Lot
  • Heated Community Pool

About This Home

As of November 2024

3 bedroom, 2 bathroom, 2 car garage with 1,717sf of an open floorplan that is turn key ready and in a beautiful gated community Great room with kitchen overlooking the family room. All bedrooms are oversized with the master featuring expanded sitting area and huge walk in closet. Beautiful neutral flooring throughout and all carpeting replaced in the last year. Interior paint is a beautiful neutral palate and home has plantation shutters on all windows! Roof replaced in 2021 and the HVAC always maintained. Backyard is huge and private and includes a covered patio, water feature, flagstone, fruit trees, flowering shrubs, a standalone BBQ area with stone surrounds and privacy! Community pool is right across the street. This home checks all the boxes! Take a tour today!

Last Agent to Rent the Property

Gabriel Mendoza

eXp Realty License #SA703578000 Listed on: 09/13/2024

Last Renter's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,073

Year Built

  • Built in 2002

Lot Details

  • 7,519 Sq Ft Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

Parking

  • 2 Car Direct Access Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,717 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • 220 Volts In Laundry

Outdoor Features

  • Covered patio or porch
  • Built-In Barbecue

Schools

  • Whispering Wind Academy Elementary School
  • Explorer Middle School
  • Horizon High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Listing and Financial Details

  • Property Available on 9/13/24
  • 12-Month Minimum Lease Term
  • Tax Lot 56
  • Assessor Parcel Number 215-32-626

Community Details

Overview

  • Property has a Home Owners Association
  • Encantobella Association, Phone Number (602) 437-4777
  • Built by Centex
  • Encantobella Subdivision

Recreation

  • Heated Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,073

Year Built

Built in 2002

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: None
  • Available Date: 2024-09-13

Listing Details

  • Cross Street: Tatum & Bell
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Rental Info H O A Name: Encantobella
  • Non Assistive Animals: Lessor Approval
  • Rental Info Rental Tax Percent: 1.75
  • Lease Term Minimum Lease Term Months: 12
  • Directions: East on Bell and turn right on 50th Street (Encantobella entrance). Enter gate code and turn right on Wallace Ave. Your new home will be on your right!
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: ENCANTOBELLA
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Construction:Wood Frame: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Soft Water Loop, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1717.0
  • Stories: 1
  • Window Features: Dual Pane
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:BBQ: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Direct Access, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
  • Laundry Features: 220 V Dryer Hookup, Dryer Included, Inside, Washer Included, Gas Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop
  • Association Name: Encantobella
  • Phone: 602-437-4777
  • Association: Yes
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: Whispering Wind Academy
  • High School: Horizon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Explorer Middle School

Lot Info

  • Lot Size Sq Ft: 7519.0
  • Parcel #: 215-32-626

Building Info

  • Builder Name: Centex

Tax Info

  • Tax Book Number: 215.00
  • Tax Lot: 56
  • Tax Map Number: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
May 26, 2023
Sold by
Youssef Mina
Bought by
Li Qinggang and Hu Xiao
Seller's Agent
Mark Molnau
HomeSmart
Buyer's Agent
Shirley Zhang
Manara Properties, LLC
List Price
$624,999
Sold Price
$550,000
Premium/Discount to List
-$74,999
-12%
Views
57
Current Estimated Value
$663,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,153
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Jun 14, 2021
Sold by
Youssef Erin
Bought by
Youssef Mina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2011
Sold by
Alexander Georgia
Bought by
Youssef Mina and Youssef Makram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,992
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 2004
Sold by
Alexander William and Alexander Georgia
Bought by
Alexander William and William Alexander Revocable Trust

Purchase Details

Closed on
Jun 26, 2002
Sold by
Centex Homes
Bought by
Alexander William and Alexander Georgia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
6.86%
Mortgage Type
New Conventional
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
Li Qinggang $550,000 Old Republic Title Agency
Youssef Mina -- Security Title Agency Inc
Youssef Mina -- Security Title
Youssef Mina $237,000 Grand Canyon Title Agency In
Alexander William -- --
Alexander William $242,584 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Youssef Mina $248,000
Previous Owner Youssef Makram $219,300
Previous Owner Youssef Mina $230,992
Previous Owner Alexander William $178,000
Previous Owner Alexander William $179,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Rented $2,395 0.0% --
10/18/2024 10/18/24 Under Contract -- -- --
10/10/2024 10/10/24 Price Changed $2,395 -4.0% $1 / Sq Ft
10/03/2024 10/03/24 Price Changed $2,495 -4.0% $1 / Sq Ft
09/26/2024 09/26/24 Price Changed $2,600 -7.1% $2 / Sq Ft
09/13/2024 09/13/24 For Rent $2,800 -6.5% --
07/28/2023 07/28/23 Rented $2,995 0.0% --
07/15/2023 07/15/23 Under Contract -- -- --
07/06/2023 07/06/23 Price Changed $2,995 -7.8% $2 / Sq Ft
06/12/2023 06/12/23 For Rent $3,250 0.0% --
05/26/2023 05/26/23 Sold $550,000 -6.8% $320 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $589,900 -1.7% $344 / Sq Ft
03/03/2023 03/03/23 Price Changed $599,900 -1.6% $349 / Sq Ft
02/10/2023 02/10/23 Price Changed $609,900 -1.6% $355 / Sq Ft
01/20/2023 01/20/23 Price Changed $619,900 -0.8% $361 / Sq Ft
01/06/2023 01/06/23 For Sale $624,999 +13.6% $364 / Sq Ft
11/28/2022 11/28/22 Off Market $550,000 -- --
11/04/2022 11/04/22 Price Changed $624,999 -2.3% $364 / Sq Ft
09/16/2022 09/16/22 Price Changed $639,999 -1.5% $373 / Sq Ft
09/02/2022 09/02/22 Price Changed $649,999 -1.5% $379 / Sq Ft
08/05/2022 08/05/22 For Sale $659,999 -- $384 / Sq Ft
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 $3,073 $30,871 -- --
2024 $3,009 $25,885 -- --
2023 $3,009 $43,250 $8,650 $34,600
2022 $2,522 $34,410 $6,880 $27,530
2021 $2,563 $31,670 $6,330 $25,340
2020 $2,475 $29,960 $5,990 $23,970
2019 $2,487 $28,220 $5,640 $22,580
2018 $2,396 $27,150 $5,430 $21,720
2017 $2,288 $25,970 $5,190 $20,780
2016 $2,252 $24,600 $4,920 $19,680
2015 $2,089 $23,770 $4,750 $19,020
Source: Public Records

Agents Affiliated with this Home

  • G

    Landlord's Agent in 2024

    Gabriel Mendoza

    eXp Realty

    (480) 588-8356

    3 Total Sales

    Section Image

  • N

    Tenant's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • Mark Molnau

    Seller's Agent in 2023

    Mark Molnau

    HomeSmart

    (480) 535-0200

    3 in this area

    51 Total Sales

    Section Image

  • S

    Buyer's Agent in 2023

    Shirley Zhang

    Manara Properties, LLC

    (520) 203-2343

    1 in this area

    2 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6757154

Arizona Regional Multiple Listing Service (ARMLS)

APN: 215-32-626

Arizona Maricopa County Scottsdale 85254 Paradise Valley

5022 E Wallace Ave, Scottsdale, AZ

This home is located at 5022 E Wallace Ave, Scottsdale, AZ 85254 since 13 September 2024 and is currently priced at $652,112. This property was built in 2002. 5022 E Wallace Ave is a home located in Maricopa County with nearby schools including Whispering Wind Academy, Sunrise Middle School, and Horizon High School.

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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