NOT LISTED FOR SALE

Estimated Value: $2,135,000 - $2,932,000

2.32 Acres
$1,054,572 Price per Acre
101,059 Sq Ft Lot

Last Sold February 20, 2024

Last sale price $2,100,000

Est. 5% increase in value since last sale

Current estimated payment $13,331/month

374 Days on Market

Highlights

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

About This Lot

As of February 2024

2.3 acres on Camelback Mountain. This lot has incredible unobstructed views of the entire valley and downtown. The lot is elevated as one of the highest salable lots on the south side of Camelback Mountain. Enjoy panoramic views and amazing city lights. Buyer has the unique opportunity to purchase a buildable lot with designs & waivers already secured. Setback variance approved to 10' to 40' which is standard. Permits were obtained for driveway side encroachment to street. Permit was obtained for functional septic design. Also included is the waiver for retaining wall heights for existing walls & design. A complete survey & staking will be provided. Current home design is 4400 square feet. This design is transferable. Builder & various resources are already engaged & can be transferable

Last Agent to Sell the Property

Sarah Decaussin

RE/MAX Fine Properties License #SA651236000 Listed on: 01/24/2023

RE/MAX Fine Properties

Last Buyer's Agent

Jennifer Marsh

Compass License #SA679352000

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,907

Lot Details

  • 2.32 Acre Lot
  • Wire Fence
  • Corner Lot
  • Property is zoned R35

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

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

Community Details

  • No Home Owners Association
  • Red Rock North Subdivision

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number 172-48-010

Property Details

Property Type

Land

Est. Annual Taxes

$12,907

Lot Details

0

Listing Details

  • Cross Street: Camelback Road and Dromendary Road
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: See Remarks
  • Zoning: R35
  • Tax Year: 2022
  • Directions: Camelback and Dromendary Road, North on Dromendary Road, East to Red Rock Drive
  • Lot Size Acres: 2.32
  • Road Surface Type: Asphalt
  • Subdivision Name: RED ROCK NORTH
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: See Remarks, Chain Link, Wire
  • Lot Features: Corner Lot, City Light View(s), Mountain View(s), North/South Exp
  • Disclosures: Seller Prop Disc Stm

Utilities

  • Electric: SRP, Individual Meter
  • 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: IRR
  • Lot Size Sq Ft: 101037.0
  • Additional Parcels: No
  • Parcel #: 172-48-010
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12907.0
  • Tax Book Number: 172.00
  • Tax Lot: 39
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Feb 20, 2024
Sold by
Morstad Matt and Morstad Lauren
Bought by
Anarm Trust and Madi
Seller's Agent
Sarah Decaussin
RE/MAX Fine Properties
Buyer's Agent
Jennifer Marsh
Compass
List Price
$2,750,000
Sold Price
$2,100,000
Premium/Discount to List
-$650,000
-23.64%
Views
312
Current Estimated Value
$2,206,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,589
Avg. Annual Appreciation
8.69%

Purchase Details

Listed on
Jul 3, 2020
Closed on
Sep 1, 2020
Sold by
Dromedary Camelback Investments Llc
Bought by
Matt Morstad and Matt Lauren Morstad
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Sarah Decaussin
RE/MAX Fine Properties
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.56%

Purchase Details

Closed on
Apr 22, 2006
Sold by
Wilkinson Stephen and Wilkinson Julie
Bought by
Dromedary Camelback Investments Llc

Purchase Details

Closed on
Apr 11, 2005
Sold by
Red Rock Property Developers Llc
Bought by
Wilkinson Stephen and Wilkinson Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2004
Sold by
Wilkinson Stephen E and Wilkinson Julie A
Bought by
Red Rock Property Developers Llc

Purchase Details

Closed on
Sep 19, 2001
Sold by
Kepner Marjorie M
Bought by
Wilkinson Stephen E and Wilkinson Julie A

Purchase Details

Closed on
Jan 2, 1998
Sold by
Kepner Marjorie M
Bought by
Kepner Marjorie M and Marjorie M Kepner Revocable Living Trust

Purchase Details

Closed on
Dec 30, 1997
Sold by
Andrusko John Steven
Bought by
Kepner Marjorie M

Purchase Details

Closed on
May 16, 1996
Sold by
Kepner Marjorie M
Bought by
Kepner Marjorie M and Marjorie M Kepner Revocable Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Anarm Trust $2,100,000 American Title Service Agency
Matt Morstad $1,025,000 Wfg National Title Ins Co
Dromedary Camelback Investments Llc $1,700,000 Chicago Title Insurance Co
Wilkinson Stephen -- Security Title Agency Inc
Red Rock Property Developers Llc -- --
Wilkinson Stephen E $1,395,000 Equity Title Agency Inc
Kepner Marjorie M -- First American Title
Kepner Marjorie M -- First American Title
Kepner Marjorie M -- First American Title
Kepner Marjorie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dromedary Camelback Investments Llc $1,200,000
Previous Owner Wilkinson Stephen $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $2,100,000 0.0% --
02/02/2024 02/02/24 Pending -- -- --
02/01/2024 02/01/24 Off Market $2,100,000 -- --
01/02/2024 01/02/24 Price Changed $2,500,000 -9.1% --
12/13/2023 12/13/23 For Sale $2,750,000 0.0% --
09/29/2023 09/29/23 Off Market $2,750,000 -- --
08/02/2023 08/02/23 For Sale $2,750,000 +31.0% --
08/01/2023 08/01/23 Off Market $2,100,000 -- --
04/27/2023 04/27/23 Price Changed $2,750,000 -8.3% --
03/07/2023 03/07/23 Price Changed $3,000,000 -6.3% --
01/24/2023 01/24/23 For Sale $3,200,000 +166.7% --
09/04/2020 09/04/20 Sold $1,200,000 0.0% --
08/05/2020 08/05/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $1,200,000 -- --
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 $13,734 $174,738 $174,738 --
2024 $13,458 $166,417 $166,417 --
2023 $13,458 $217,950 $217,950 $0
2022 $12,907 $150,945 $150,945 $0
2021 $13,955 $151,890 $151,890 $0
2020 $13,749 $157,455 $157,455 $0
2019 $13,234 $159,780 $159,780 $0
2018 $12,727 $170,850 $170,850 $0
2017 $12,227 $162,360 $162,360 $0
2016 $11,912 $157,665 $157,665 $0
2015 $11,648 $131,264 $131,264 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6511289

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-48-010