NOT LISTED FOR SALE

5050 E Red Rock Dr Phoenix, AZ 85018

Camelback East Village Neighborhood

Estimated Value: $3,894,000 - $6,411,000

5 Beds
7.5 Baths
7,807 Sq Ft
$639/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2012

Last sale price $1,450,000 $186 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $28,151 / mo

78 Days on Market

Highlights

  • Heated Spa
  • City Lights View
  • Family Room with Fireplace
  • Hopi Elementary School Rated A
  • 1.1 Acre Lot
  • Private Yard

About This Home

As of May 2012

As a remarkable Valley Landmark the ''Castle'' proudly reigns atop one of the highest estate lots on the south slope of Camelback Mountain. This famous property has limitless potential with it's unparalleled, panaramic canyon location, city lights, forever unobstructed views. 30' walls of native stone carved from the mountain, private entry courtyard. Structure begs for creative updating; 16' Waterfall/Fireplace, Indoor/Spa, Hidden Nook/Corridors/Passageways. Unique 700' ''Dungeon'' might be a fantastic Wine Cellar/Bar. Historic Fox Theater balconies may remain. Seller has contracted a local architect to sketch exciting ideas marrying ''Old World'' drama with mountainside Tuscany; incorporating an Extraordinary Living Area, Kitchen, Patios & Negative Edge Pool overlooking kingdom below!

Last Agent to Sell the Property

Jan Atwater

HomeSmart License #SA100973000 Listed on: 01/18/2012

HomeSmart

Last Buyer's Agent

Jan Atwater

HomeSmart License #SA100973000 Listed on: 01/18/2012

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,109

Year Built

  • Built in 1977

Lot Details

  • 1.1 Acre Lot
  • Desert faces the front and back of the property
  • Private Yard

Property Views

  • City Lights
  • Mountain

Home Design

  • Fixer Upper
  • Foam Roof
  • Block Exterior
  • Stone Exterior Construction

Interior Spaces

  • 7,807 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace

Flooring

  • Stone
  • Concrete

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7.5 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 4 Carport Spaces
  • Side or Rear Entrance to Parking

Pool

  • Heated Spa

Schools

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

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Custom
  • Red Rock North Subdivision

Listing and Financial Details

  • Tax Lot 59
  • Assessor Parcel Number 172-48-024-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,109

Year Built

Built in 1977

Lot Details

1.1 Acres

Listing Details

  • Cross Street: Camelback & Dromedary
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Year Built: 1977
  • Tax Year: 2011
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 1.1
  • Subdivision Name: Red Rock North
  • Architectural Style: Other (See Remarks)
  • New Construction: No
  • Efficiency: Multi-Zones
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Appraiser
  • General Property Description:PriceSqFt: 185.72
  • Technology:Cable TV Avail: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Flooring: Stone, Concrete
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Family Room, Living Room
  • Fireplace: Yes
  • Interior Amenities: 9+ Flat Ceilings
  • Living Area: 7807.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:None42: Yes

Exterior Features

  • Fencing: See Remarks, Other
  • Exterior Features: Private Yard
  • Lot Features: Natural Desert Back, Natural Desert Front
  • Pool Features: None
  • Pool Private: No
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stone, Block
  • Property Condition: Fixer
  • Roof: Foam
  • Construction:Block: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Side Vehicle Entry
  • Attached Garage: No
  • Carport Spaces: 4.0
  • Open Parking Spaces: 2.0
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

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 Sq Ft: 47894.0
  • Parcel #: 172-48-024-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 17109.0
  • Tax Book Number: 172.00
  • Tax Lot: 59
  • Tax Map Number: 48.00

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
Oct 26, 2012
Sold by
Bought by
Current Estimated Value
$4,988,084

Purchase Details

Listed on
Jan 18, 2012
Closed on
May 18, 2012
Sold by
Bought by
Seller's Agent
Jan Atwater
HomeSmart
Buyer's Agent
Jan Atwater
HomeSmart
List Price
$2,475,000
Sold Price
$1,450,000
Premium/Discount to List
-$1,025,000
-41.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$942,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,025,000
Interest Rate
6.8%

Purchase Details

Closed on
Sep 21, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
10.5%

Purchase Details

Closed on
Sep 10, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
10.5%

Purchase Details

Closed on
Jan 19, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 12, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- None Available
$1,450,000 First American Title Ins Co
$2,625,000 Great American Title Agency
-- Capital Title Agency Inc
-- --
-- Security Title Agency
-- --
-- --
-- --
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
Previous Owner $942,500
Previous Owner $3,025,000
Previous Owner $1,200,000
Previous Owner $20,000
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
05/24/2012 05/24/12 Sold $1,450,000 -41.4% $186 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $2,475,000 -- $317 / Sq Ft
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 $15,128 $183,831 -- --
2024 $14,158 $175,077 -- --
2023 $14,158 $234,800 $46,960 $187,840
2022 $13,579 $158,800 $31,760 $127,040
2021 $14,844 $159,510 $31,900 $127,610
2020 $14,747 $153,180 $30,630 $122,550
2019 $14,240 $154,180 $30,830 $123,350
2018 $13,694 $148,230 $29,640 $118,590
2017 $13,156 $149,470 $29,890 $119,580
2016 $12,817 $166,350 $33,270 $133,080
2015 $12,370 $126,760 $25,350 $101,410
Source: Public Records

Agents Affiliated with this Home

  • Jan Atwater

    Seller's Agent in 2012

    Jan Atwater

    HomeSmart

    (602) 301-3024

    5 Total Sales

    Jan Atwater
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4705639

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-48-024A

Arizona Maricopa County Phoenix 85018 Camelback East Village

5050 E Red Rock Dr, Phoenix, AZ

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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