NOT LISTED FOR SALE

5024 E Desert Park Ln Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $6,440,735 - $8,075,000

5 Beds
7 Baths
7,210 Sq Ft
$967/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $4,558,000 $632 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $40,237/month

Highlights

  • Guest House
  • Heated Spa
  • 0.92 Acre Lot
  • Kiva Elementary School Rated A
  • RV Gated
  • Mountain View

About This Home

As of April 2018

This home is located at 5024 E Desert Park Ln, Paradise Valley, AZ 85253 since 24 March 2018 and is currently estimated at $6,974,934, approximately $967 per square foot. This property was built in 2016. 5024 E Desert Park Ln is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro High School.

Last Agent to Sell the Property

Beth Thompson

Compass License #SA513208000 Listed on: 03/24/2018

Compass

Last Buyer's Agent

Sandra Baldwin

Compass License #SA020884000

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,589

Year Built

  • Built in 2016

Lot Details

  • 0.92 Acre Lot
  • Private Streets
  • Wrought Iron Fence
  • Wood Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • 4 Carport Spaces
  • Garage Door Opener
  • Circular Driveway
  • RV Gated

Home Design

  • Designed by Jim Blochberger Architects
  • Santa Barbara Architecture
  • Brick Exterior Construction
  • Wood Frame Construction
  • Spray Foam Insulation
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,210 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 7 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

  • Security System Owned
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Hallway
  • No Interior Steps

Pool

  • Heated Spa
  • Private Pool

Outdoor Features

  • Covered patio or porch
  • Built-In Barbecue
  • Playground

Additional Homes

  • Guest House

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Water Softener
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Built by Bent Nails
  • Franciscan Terrace Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 169-07-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,589

Year Built

Built in 2016

Lot Details

0

Parking

4

Listing Details

  • Cross Street: Tatum and Lincoln
  • Legal Info Range: 4E
  • Property Type: Residential
  • Architect Architect: Jim Blochberger
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 8.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2016
  • Spa Private: Yes
  • Tax Year: 2016
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.92
  • Subdivision Name: FRANCISCAN TERRACE
  • Architectural Style: Santa Barbara/Tuscan
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Carpet, Wood
  • Spa Features: Heated, Private
  • Accessibility Features: Accessible Hallway(s)
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: 2 Fireplace, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Walk-In Closet(s), Eat-in Kitchen, Breakfast Bar, Central Vacuum, Fire Sprinklers, No Interior Steps, Soft Water Loop, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Double Vanity, Separate Shwr & Tub, High Speed Internet
  • Living Area: 7210.0
  • Stories: 1
  • Window Features: Skylight(s), Double Pane Windows
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Fireplace:_two_ Fireplace: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Fencing: Wrought Iron, Wood
  • Exterior Features: Circular Drive, Covered Patio(s), Playground, Patio, Private Street(s), Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Gravel/Stone Back, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Brick Veneer, Painted, Stucco, Frame - Wood, Spray Foam Insulation
  • Other Structures: Guest House
  • Property Condition: Complete Spec Home
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Construction Status:Complete Spec Home: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Private Street(s): Yes
  • Construction:Spray Foam Insulatn: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Electric Door Opener, RV Gate, RV Access/Parking
  • Attached Garage: No
  • Carport Spaces: 4.0
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:RV Parking: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat
  • Heating: Electric
  • Laundry Features: Inside, Stacked Washer/Dryer, Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40011.0
  • Parcel #: 169-07-045
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Bent Nails

Tax Info

  • Tax Book Number: 169.00
  • Tax Lot: 4
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2018
Closed on
Mar 27, 2018
Sold by
Chapman Nicholas J
Bought by
Murai Kevin Masazo and Murai Brenda Lzumi
Seller's Agent
Beth Thompson
Compass
Buyer's Agent
Sandra Baldwin
Compass
List Price
$4,600,000
Sold Price
$4,558,000
Premium/Discount to List
-$42,000
-0.91%
Current Estimated Value
$6,974,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,416,934
Avg. Annual Appreciation
6.70%

Purchase Details

Listed on
Apr 6, 2017
Closed on
Jun 30, 2017
Sold by
Chapman Mary Elizabeth
Bought by
Chapman Nicholas John and Chapman Mary Elizabeth
Seller's Agent
Heather Novak
HomeSmart
Buyer's Agent
Beth Thompson
Compass
List Price
$4,050,000
Sold Price
$3,900,000
Premium/Discount to List
-$150,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.13%
Original Mortgage
$2,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 7, 2015
Sold by
Mm Investments 2 Llc
Bought by
Desert Hill Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.81%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 12, 2014
Sold by
Shortridge Beverly J
Bought by
Fbr Investment Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2014
Sold by
Fbr Investment Fund Llc
Bought by
Mm Investments 2 Llc and Rmb Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2014
Sold by
Shortridge Beverly J and Ernest R Shortridge Revocable
Bought by
Shortridge Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2014
Sold by
Shortridge Beverly J and Beverly J Shortridge Revocable
Bought by
Shortridge Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2001
Sold by
Shortridge Ernest R
Bought by
Shortridge Beverly J and Beverly J Shortridge Revocable Trust
Source: Public Records

Similar Homes in Paradise Valley, AZ

  • 5030 E Mockingbird Ln, Paradise Valley, AZ 85253

    $7,995,000

    • 6 Beds
    • 8 Baths
    • 12,014 Sq Ft
    • 5030 E Mockingbird Ln
    • Paradise Valley, AZ

    This stunning estate greets you with a round driveway featuring a magnificent fountain, setting the tone for the luxurious experience that awaits. Upon entering, you're welcomed into a grand foyer with an elegant iron front door. The expansive great room boasts a full bar area with ample seating, and a wall of windows that flood the space with natural light. The sophisticated office, surrounded

    Scott Grigg Griggs's Group Powered by The Altman Brothers

    Section Image
  • 8229 N Ridgeview Dr, Paradise Valley, AZ 85253

    $5,995,000

    • 5 Beds
    • 6 Baths
    • 8,219 Sq Ft
    • 8229 N Ridgeview Dr
    • Paradise Valley, AZ

    This custom estate offers the perfect balance of thoughtful design and relaxed sophistication. From the moment you walk in, the transformation is undeniable. Architectural levels have been removed to create seamless lines, enhancing the natural flow with newly installed wide-plank flooring. Oversized picture windows frame sweeping views and fill the home with light, connecting every room to the

    Teresa Hague Citiea

    Section Image
  • 4636 E Moonlight Way, Paradise Valley, AZ 85253

    $5,995,000

    • 7 Beds
    • 6.5 Baths
    • 9,066 Sq Ft
    • 4636 E Moonlight Way
    • Paradise Valley, AZ

    Large Price Improvement! Unbeatable Value in PV at Just $771/Sq Ft!Welcome to your private hillside estate nestled in the prestigious Phoenix Mountain Preserve. This stunning home offers unparalleled panoramic views of the mountains, valley, and city lights, all while providing the perfect blend of luxury and comfort. With a generous price improvement, this home is one of the best values in

    Lisa Marvel Tull Compass

    Section Image
  • 4536 E Foothill Dr, Paradise Valley, AZ 85253

    $8,495,000

    • 4 Beds
    • 6.5 Baths
    • 8,604 Sq Ft
    • 4536 E Foothill Dr
    • Paradise Valley, AZ

    ** 10/10 A+ Views and Privacy ** Nestled high above it all in the prestigious Tatum Canyon, this striking modern organic estate blends bold design, ultimate privacy, and sweeping views of Mummy Mountain and beyond. Located in the heart of Paradise Valley, this fully reimagined residence offers the ideal balance of architectural presence and livable luxury.From the moment you arrive, the property

    Samuel Jandel Compass

    Section Image
  • 4550 E Foothill Dr, Paradise Valley, AZ 85253

    $7,490,000

    • 5 Beds
    • 6.5 Baths
    • 9,130 Sq Ft
    • 4550 E Foothill Dr
    • Paradise Valley, AZ

    Fantastic opportunity to own an amazing piece of Paradise Valley with BREATHTAKING panoramic views that stretch from Mummy Mountain and Paradise Valley all the way out to the East Valley. This exquisite property has a flawless floor plan, offering all of the luxurious details you could want with 24-foot ceilings, 6 fireplaces, Biometric secured closet and a movie theatre with bar/lounge. Nestled

    Jacob Phifer Compass

    Section Image
  • 5526 E Roadrunner Rd, Paradise Valley, AZ 85253

    $6,895,000

    • 5 Beds
    • 7 Baths
    • 7,484 Sq Ft
    • 5526 E Roadrunner Rd
    • Paradise Valley, AZ

    FULLY FURNISHED and MOVE IN READY estate in Paradise Valley.Perched at one of the highest-elevation vantage points in the Valley—nestled into Mummy Mountain—this residence boasts unrivaled panoramic views of the Phoenix skyline, surrounding mountains, and breathtaking sunsets from every room. Set behind the exclusive gates of Las Brisas, just north of Paradise Valley Country Club, the home is a

    Jacqueline Miller My Home Group Real Estate

    Section Image
  • 7120 N 46th St, Paradise Valley, AZ 85253

    $7,900,000

    • 5 Beds
    • 6 Baths
    • 7,253 Sq Ft
    • 7120 N 46th St
    • Paradise Valley, AZ

    Nestled on 2 private acres in Paradise Valley, this estate offers breathtaking, unobstructed views of Camelback Mountain. This gated property is a true sanctuary, complete with a guest house, pickleball court, six-car garage, fitness and media rooms, a zip line, and a putting green. Expansive walls of sliding glass doors throughout create seamless transitions between the luxurious indoor and

    Katrina Barrett Walt Danley Local Luxury Christie's International Real Estate

    Section Image
  • 7223 N Black Rock Trail, Paradise Valley, AZ 85253

    $8,500,000

    • 7 Beds
    • 7.5 Baths
    • 8,088 Sq Ft
    • 7223 N Black Rock Trail
    • Paradise Valley, AZ

    This exquisite property is nestled in a gated community & boasts an impressive 8,088 sqft of refined living space on a sprawling 39,039 square foot lot. This residence truly offers unparalleled elegance and sophistication. Boasting 7 spacious bedrooms & 7.5 bathrooms, this home is designed with comfort and convenience in mind. The high ceilings throughout create a grand atmosphere that is further

    Judy Casiano Compass

    Section Image
  • 6650 N Hillside Dr, Paradise Valley, AZ 85253

    $6,750,000

    • 5 Beds
    • 6 Baths
    • 6,021 Sq Ft
    • 6650 N Hillside Dr
    • Paradise Valley, AZ

    Your Paradise Valley FIND...This completely remodeled, one-of-a-kind modern estate is designed to impress with its chic finishes and sophisticated style, all while maintaining the luxurious Arizona charm. As you stroll along the entry path, the soothing sound of the water feature welcomes you, and the breathtaking view of Camelback Mountain will leave you speechless. Soaring ceilings and a

    Christopher Karas Compass

    Section Image
See All Homes in Paradise Valley

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
Murai Kevin Masazo $4,558,000 Premier Title Agency
Chapman Nicholas John -- Premier Title Agency
Chapman Nicholas John $3,900,000 Premium Title Agency Inc
Desert Hill Llc $869,900 Commonwealth Land Title Ins
Fbr Investment Fund Llc $755,000 Great Amer Title Agency Inc
Mm Investments 2 Llc $760,000 Great Amer Title Agency Inc
Shortridge Beverly J -- None Available
Shortridge Beverly J -- None Available
Shortridge Beverly J -- --
Shortridge Ernest R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapman Nicholas John $2,000,000
Previous Owner Desert Hill Llc $2,000,000
Previous Owner Mm Investments 2 Llc $684,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2018 04/09/18 Sold $4,558,000 -0.9% $632 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/24/2018 03/24/18 For Sale $4,600,000 +17.9% $638 / Sq Ft
06/30/2017 06/30/17 Sold $3,900,000 -2.5% $508 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
04/20/2017 04/20/17 Price Changed $4,000,000 -1.2% $521 / Sq Ft
04/05/2017 04/05/17 For Sale $4,050,000 -- $527 / 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 $16,589 $282,188 -- --
2024 $16,360 $268,750 -- --
2023 $16,360 $421,730 $84,340 $337,390
2022 $15,694 $331,460 $66,290 $265,170
2021 $16,683 $320,270 $64,050 $256,220
2020 $16,577 $307,280 $61,450 $245,830
2019 $16,004 $286,460 $57,290 $229,170
2018 $15,410 $274,720 $54,940 $219,780
2017 $7,276 $125,170 $25,030 $100,140
2016 $6,161 $79,260 $15,850 $63,410
2015 $5,846 $79,260 $15,850 $63,410
Source: Public Records

Agents Affiliated with this Home

  • Beth Thompson

    Seller's Agent in 2018

    Beth Thompson

    Compass

    (602) 740-3161

    26 in this area

    106 Total Sales

    Beth Thompson
    Section Image
  • Sandra Baldwin

    Buyer's Agent in 2018

    Sandra Baldwin

    Compass

    (602) 397-4300

    Section Image

  • H

    Seller's Agent in 2017

    Heather Novak

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5741660

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-07-045

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5024 E Desert Park Ln, Paradise Valley, AZ

This home is located at 5024 E Desert Park Ln, Paradise Valley, AZ 85253 since 24 March 2018 and is currently estimated at $6,974,934, approximately $967 per square foot. This property was built in 2016. 5024 E Desert Park Ln is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro 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

Nearby Homes