NOT LISTED FOR SALE

5122 E Shea Blvd Unit 2073 Scottsdale, AZ 85254

Estimated Value: $308,000 - $374,000

2 Beds
2 Baths
980 Sq Ft
871 Sq Ft Lot

Last Sold October 09, 2018

Last sale price $190,000 $194 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,875/month

Highlights

  • Unit is on the top floor
  • Gated Community
  • Heated Community Pool
  • Sequoya Elementary School Rated A
  • Vaulted Ceiling
  • Balcony

About This Home

As of March 2024

Elegant gated condominium steps to the greenway at Stone Ridge Golf Course. Near Mayo Clinic, Phoenix Open Golf Tournament, Barrett Jackson and Spring Training Baseball. Condo complex is at Tatum and Shea walking distance to many popular restaurants and shops. There are EV chargers available within steps to the unit. There are 2 heated pools, spa, gym also with steps away. This is a highly sought out residence.

Last Agent to Rent the Property

Joseph Callaway

eXp Realty Brokerage Phone: 480-596-5751 License #SA116603000 Listed on: 01/18/2024

eXp Realty

Last Renter's Agent

Michael Hoffman

HomeSmart License #SA678258000

HomeSmart

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $821

Year Built

  • Built in 1985

Lot Details

  • Two or More Common Walls
  • Front and Back Yard Sprinklers

Parking

  • 1 Car Garage
  • Electric Vehicle Home Charger

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 980 Sq Ft Home
  • 2-Story Property
  • Furniture Can Be Negotiated
  • Vaulted Ceiling
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Breakfast Bar
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Schools

  • Sequoya Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Balcony
  • Unit is on the top floor

Listing and Financial Details

  • Property Available on 1/18/24
  • Rent includes repairs
  • 12-Month Minimum Lease Term
  • Tax Lot 140
  • Assessor Parcel Number 167-75-145

Community Details

Overview

  • Property has a Home Owners Association
  • Milano Terrace Association, Phone Number (480) 998-3082
  • Milano Terrace Private Residences Condominium Subdivision

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$821

Year Built

Built in 1985

Lot Details

0

Parking

1

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: Repairs
  • Available Date: 2024-01-18

Listing Details

  • Cross Street: Tatum & Shea
  • Legal Info Range: 4E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Rental Info H O A Name: Milano Terrace
  • Non Assistive Animals: Lessor Approval
  • Lease Term Minimum Lease Term Months: 12
  • Directions: East on Shea to Milano Terrace. Enter through main gate, keep to the left, follow around to the 3rd driveway. Turn right (by unit 1155) and park in an open space. Building 15.
  • Attribution Contact: 480-596-5751
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: MILANO TERRACE PRIVATE RESIDENCES CONDOMINIUM
  • Property Attached Yn: Yes
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water2: Yes
  • Fireplace Features Fireplace Living Rm2: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Negotiable
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Fireplace Living Rm, 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Breakfast Bar, Vaulted Ceiling(s), 3/4 Bath Master Bdrm
  • Living Area: 980.0
  • Stories: 2
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Other Rooms:Great Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Lot Features: Sprinklers In Rear, Sprinklers In Front
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls, Neighbor Below
  • Construction Type: Stucco, Wood Frame
  • Roof: Tile, Built-Up
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Garage Door Opener, Separate Strge Area, Electric Vehicle Charging Station(s)
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Electric Vehicle Charging Station(s): Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Inside, Stacked Washer/Dryer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Biking/Walking Path
  • Association Name: Milano Terrace
  • Phone: 480-998-3082
  • Association: Yes
  • Pets Allowed: Lessor Approval

Schools

  • Elementary School: Sequoya Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Lot Size Sq Ft: 802.0
  • Parcel #: 167-75-145

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Book Number: 167.00
  • Tax Lot: 140
  • Tax Map Number: 75.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Workman Victoria T
Bought by
Abeleda Rental Llc
Current Estimated Value
$334,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,118
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2021
Sold by
Abeleda Rental Llc
Bought by
Workman Victoria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,118
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2019
Sold by
Namihas Victoria
Bought by
Abeleda Rental Llc

Purchase Details

Listed on
Jul 16, 2018
Closed on
Sep 28, 2018
Sold by
Medwed Todd
Bought by
Namihas Victoria
Seller's Agent
Joey Hallatt
Cambridge Properties
Buyer's Agent
Jim Amerine
AZ Brokerage Holdings, LLC
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$180,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2016
Closed on
Oct 24, 2016
Sold by
Medwed Sheri and Medwed Todd
Bought by
Medwed Todd
Seller's Agent
Marlene Cerreta
Cerreta Real Estate
Buyer's Agent
Steven Green
HomeSmart
List Price
$175,000
Sold Price
$140,175
Premium/Discount to List
-$34,825
-19.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.88%

Purchase Details

Listed on
Aug 27, 2016
Closed on
Oct 18, 2016
Sold by
Hsbc Bank Usa National Association
Bought by
Medwed Todd
Seller's Agent
Marlene Cerreta
Cerreta Real Estate
Buyer's Agent
Steven Green
HomeSmart
List Price
$175,000
Sold Price
$140,175
Premium/Discount to List
-$34,825
-19.9%

Purchase Details

Closed on
Jul 5, 2016
Sold by
Iovin Christian and Iovin Asha I
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Nov 22, 2005
Sold by
Ec-Milano Terrace Llc
Bought by
Iovin Christian and Iovin Asha I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,204
Interest Rate
6.62%
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
Abeleda Rental Llc -- None Listed On Document
Abeleda Rental Llc -- None Listed On Document
Workman Victoria T -- Servicelink
Abeleda Rental Llc -- None Available
Namihas Victoria $190,000 Clear Title Agency Of Arizon
Medwed Todd -- Title 365
Medwed Todd $140,175 Title 365
Hsbc Bank Usa National Association $142,000 None Available
Iovin Christian $216,505 The Talon Group Kierland
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Workman Victoria T $187,118
Previous Owner Namihas Victoria $180,500
Previous Owner Iovin Christian $173,204
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2024 03/03/24 Rented $2,050 -4.7% --
02/29/2024 02/29/24 Under Contract -- -- --
02/01/2024 02/01/24 Price Changed $2,150 -6.5% $2 / Sq Ft
01/18/2024 01/18/24 For Rent $2,300 0.0% --
10/09/2018 10/09/18 Sold $190,000 -5.0% $228 / Sq Ft
08/24/2018 08/24/18 For Sale $199,900 +5.2% $239 / Sq Ft
08/07/2018 08/07/18 Off Market $190,000 -- --
07/16/2018 07/16/18 For Sale $199,900 0.0% $239 / Sq Ft
03/15/2017 03/15/17 Rented $1,250 0.0% --
02/20/2017 02/20/17 Under Contract -- -- --
02/18/2017 02/18/17 Off Market $1,250 -- --
02/15/2017 02/15/17 For Rent $1,250 0.0% --
02/06/2017 02/06/17 Off Market $1,250 -- --
01/10/2017 01/10/17 For Rent $1,250 0.0% --
10/28/2016 10/28/16 Sold $140,175 -19.9% $202 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
08/27/2016 08/27/16 For Sale $175,000 0.0% $253 / Sq Ft
10/04/2013 10/04/13 Rented $895 -5.8% --
10/04/2013 10/04/13 Under Contract -- -- --
08/22/2013 08/22/13 For Rent $950 -- --
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 $821 $10,442 -- --
2024 $804 $9,944 -- --
2023 $804 $20,120 $4,020 $16,100
2022 $771 $15,630 $3,120 $12,510
2021 $799 $14,470 $2,890 $11,580
2020 $788 $13,500 $2,700 $10,800
2019 $663 $11,920 $2,380 $9,540
2018 $729 $10,860 $2,170 $8,690
2017 $700 $10,130 $2,020 $8,110
2016 $682 $8,980 $1,790 $7,190
2015 $626 $8,270 $1,650 $6,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6652052

Arizona Regional Multiple Listing Service (ARMLS)

APN: 167-75-145