NOT LISTED FOR SALE

5111 E Lincoln Dr Unit 1 Paradise Valley, AZ 85253

Estimated Value: $3,953,000 - $6,543,000

0.87 Acre
$5,993,615 Price per Acre
37,897 Sq Ft Lot

Last Sold March 31, 2016

Last sale price $545,000

Est. 891% increase in value since last sale

Current estimated payment $30,371/month

133 Days on Market

Highlights

  • 0.87 Acre Lot
  • Mountain View
  • No HOA
  • Kiva Elementary School Rated A
  • Corner Lot

About This Lot

As of March 2016

Exceptional views from this flat lot located in the highly desirable Camelback Ranchos adjacent to the Montelucia Resort and Spa. This Paradise Valley, 51st Place corner lot is an ideal location for 4000-10,000 sq.ft. of new desert archtecture. Conceptual designs for a desert modern home have been created by architect Steven Brenden. This bold rammed earth design captures the Paradise Valley views of both Camelback Mountain and Mummy Mountain while creating a refined private desert retreat. View the design images in this listing or at brendenarchitect.com. Full architectural plans can be created and customized for the buyer, under separate contractual terms with Steven Brenden architect llc. Priced well below other properties sold in this fantastic central Paradise Valley location.

Last Agent to Sell the Property

Joe Bushong

Russ Lyon Sotheby's International Realty License #SA558366000 Listed on: 10/12/2015

Russ Lyon Sotheby's International Realty

Co-Listed By

Chad Christian Jr

Russ Lyon Sotheby's International Realty License #SA536279000

Last Buyer's Agent

Tucker Blalock

The Brokery License #BR642462000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,888

Lot Details

  • 0.87 Acre Lot
  • Corner Lot
  • Property is zoned R1-R43

Schools

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

Additional Features

  • Mountain Views
  • North or South Exposure

Community Details

  • No Home Owners Association
  • Camelback Ranchos Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 169-25-001

Property Details

Property Type

Land

Est. Annual Taxes

$3,888

Lot Details

0

Listing Details

  • Cross Street: Tatum & Lincoln
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, On Site Imp Cmplete
  • Zoning: R1-R43
  • Tax Year: 2015
  • Directions: East on Lincoln from Tatum to 51st Street, Right/South on 51st Street. Property on the Right.
  • Lot Size Acres: 0.87
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: CAMELBACK RANCHOS
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Dual Street Ftg, Mountain View(s), North/South Exp
  • Disclosures: None, Other (See Rmks)
  • Other Structures: None

Utilities

  • Electric: APS, Individual Meter
  • Laundry Features: Other
  • Water Source: Private Franchise

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size: 318x128
  • Lot Size Sq Ft: 37705.0
  • Additional Parcels: No
  • Parcel #: 169-25-001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3887.54
  • Tax Book Number: 169.00
  • Tax Lot: 1
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
Steffes Companies Llc
Bought by
Steffes Marc and Steffes Mercedes
Current Estimated Value
$5,401,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$499,961
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$4,714,484

Purchase Details

Closed on
Nov 16, 2020
Sold by
Steffes Marc A and Steffes Mercedes
Bought by
Steffes Companies Llc

Purchase Details

Closed on
Mar 25, 2020
Sold by
Docile Enterprises Llc
Bought by
Steffes Marc A and Steffes Meroedes

Purchase Details

Listed on
Oct 12, 2015
Closed on
Mar 16, 2016
Sold by
Brenden Steven
Bought by
Docile Enterprises Llc
Seller's Agent
Joe Bushong
Russ Lyon Sotheby's International Realty
Buyer's Agent
Tucker Blalock
The Brokery
List Price
$595,000
Sold Price
$545,000
Premium/Discount to List
-$50,000
-8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.03%

Purchase Details

Listed on
Apr 3, 2012
Closed on
Oct 4, 2012
Sold by
Freed Lewis H
Bought by
Brenden Steven and Brenden Robyn Leigh Arnell
Seller's Agent
Greg Kilroy
Keller Williams Realty Sonoran Living
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$299,000
Sold Price
$313,000
Premium/Discount to List
$14,000
4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.66%
Original Mortgage
$219,100
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2008
Sold by
Slavik Lisa L
Bought by
Freed Lewis H and The Lewis H Freed Living Trust

Purchase Details

Closed on
Mar 3, 2006
Sold by
Byrnes Andrew R
Bought by
Freed Lewis and Slavik Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,000
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 29, 2005
Sold by
Byrnes Margaret R
Bought by
Byrnes Andrew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2005
Sold by
Payton Robert T
Bought by
Byrnes Andrew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2001
Sold by
Jones Fleur M
Bought by
Payton Robert T and Payton Tobi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,950
Interest Rate
6.88%
Mortgage Type
New Conventional
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
Steffes Marc -- Atlas Title
Steffes Companies Llc -- None Available
Steffes Marc A $500,000 Grand Canyon Title Agency
Docile Enterprises Llc $545,000 Landmark Title Assurance Age
Brenden Steven $313,000 Old Republic Title Agency
Freed Lewis H -- None Available
Freed Lewis $1,075,000 Chicago Title Insurance Co
Byrnes Andrew R -- Lawyers Title Ins
Byrnes Andrew R $930,000 Lawyers Title Ins
Payton Robert T $399,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steffes Marc $515,000
Previous Owner Brenden Steven $219,100
Previous Owner Freed Lewis $806,000
Previous Owner Byrnes Andrew R $744,000
Previous Owner Byrnes Andrew R $744,000
Previous Owner Payton Robert T $735,000
Previous Owner Payton Robert T $100,000
Previous Owner Payton Robert T $481,500
Previous Owner Payton Robert T $19,950
Closed Payton Robert T $359,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $545,000 -8.4% --
02/22/2016 02/22/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $595,000 +90.1% --
11/04/2012 11/04/12 Sold $313,000 +4.7% --
06/11/2012 06/11/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $299,000 -- --
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 $14,020 $238,490 -- --
2024 $7,122 $227,134 -- --
2023 $7,122 $195,470 $39,090 $156,380
2022 $4,159 $71,655 $71,655 $0
2021 $4,421 $79,980 $79,980 $0
2020 $4,393 $76,410 $76,410 $0
2019 $4,241 $64,080 $64,080 $0
2018 $4,084 $59,805 $59,805 $0
2017 $3,923 $58,095 $58,095 $0
2016 $3,841 $60,285 $60,285 $0
2015 $3,888 $50,944 $50,944 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Bushong

    Seller's Agent in 2016

    Joe Bushong

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    21 in this area

    219 Total Sales

    Joe Bushong
    Section Image
  • Chad Christian Jr

    Seller Co-Listing Agent in 2016

    Chad Christian Jr

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    8 in this area

    76 Total Sales

    Chad Christian Jr
    Section Image
  • Tucker Blalock

    Buyer's Agent in 2016

    Tucker Blalock

    The Brokery

    (602) 892-4444

    33 in this area

    359 Total Sales

    Tucker Blalock
    Section Image
  • Greg Kilroy

    Seller's Agent in 2012

    Greg Kilroy

    Keller Williams Realty Sonoran Living

    (480) 235-4312

    16 in this area

    115 Total Sales

    Greg Kilroy
    Section Image

  • N

    Buyer's Agent in 2012

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5347569

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-25-001

Arizona Maricopa County Paradise Valley 85253

5111 E Lincoln Dr Unit 1, Paradise Valley, AZ

This home is located at 5111 E Lincoln Dr Unit 1, Paradise Valley, AZ 85253 since 12 October 2015 and is currently estimated at $5,214,445. 5111 E Lincoln Dr Unit 1 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

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