Seller's Agent in 2017
Joe Bushong
Russ Lyon Sotheby's International Realty
(480) 287-5200
15 in this area
253 Total Sales
5218 E Arroyo Rd Paradise Valley, AZ 85253
Estimated Value: $5,201,705 - $6,092,000
4
Beds
5.5
Baths
7,150
Sq Ft
$794/Sq Ft
Est. Value
Highlights
- Guest House
- Play Pool
- Contemporary Architecture
- Kiva Elementary School Rated A
- City Lights View
- Family Room with Fireplace
About This Home
As of January 2017This world class modern home is impeccable in every detail-soaring ceilings, dramatic walls of glass, wide expanses of retractable doors, bright natural light complemented by extensive art and ambient lighting, gourmet bulthaup kitchen, Poliform cabinetry, impeccable materials including French oak and Portuguese limestone flooring. The unique home site provides both privacy and the most spectacular views in Paradise Valley sweeping across Camelback Mtn, the Phoenix skyline, and the Paradise Valley CC golf course and clubhouse. The floorplan is very open and provides endless flexibility for all lifestyles. The detached guest house also provides commanding views. Nestled into Mummy Mountain, this is a low maintenance, lock and leave home. Truly the finest modern property in Paradise Valley!
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #SA558366000 Listed on: 09/30/2016
Last Buyer's Agent
Rusty Davis
Russ Lyon Sotheby's International Realty License #SA017146000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,878
Year Built
- Built in 1987
Lot Details
- 1.21 Acre Lot
- Desert faces the front and back of the property
- Wrought Iron Fence
- Front and Back Yard Sprinklers
- Sprinklers on Timer
Parking
- 3 Car Direct Access Garage
- Side or Rear Entrance to Parking
- Garage Door Opener
Property Views
- City Lights
- Mountain
Home Design
- Contemporary Architecture
- Stone Roof
- Foam Roof
- Block Exterior
- Stucco
Interior Spaces
- 7,150 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet or more
- Skylights
- Gas Fireplace
- Double Pane Windows
- Family Room with Fireplace
- 2 Fireplaces
- Security System Owned
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Kitchen Island
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- Remodeled Bathroom
- Primary Bathroom is a Full Bathroom
- 5.5 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bidet
- Bathtub With Separate Shower Stall
Outdoor Features
- Play Pool
- Balcony
- Covered Patio or Porch
Schools
- Kiva Elementary School
- Mohave Middle School
Utilities
- Zoned Heating and Cooling System
- High Speed Internet
- Cable TV Available
Additional Features
- North or South Exposure
- Guest House
Community Details
- No Home Owners Association
- Association fees include no fees
- Built by Custom
- Paradise Valley Estates Subdivision
Listing and Financial Details
- Tax Lot 36
- Assessor Parcel Number 169-29-036-A
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2016
Closed on
Jan 5, 2017
Sold by
Heims Michael J
Bought by
Drescher Mulzet Susan L
Seller's Agent
Joe Bushong
Russ Lyon Sotheby's International Realty
Buyer's Agent
Rusty Davis
Russ Lyon Sotheby's International Realty
List Price
$4,395,000
Sold Price
$4,250,000
Premium/Discount to List
-$145,000
-3.3%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,055,238
Avg. Annual Appreciation
3.20%
Purchase Details
Closed on
Jun 4, 2015
Sold by
Heims Michael J and Heims Betsy Phillips
Bought by
Heims Michael J and Heims Betsy Phillips
Purchase Details
Closed on
Aug 10, 2006
Sold by
Ratliff John D
Bought by
Heims Michael Jon and Heims Betsy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,538,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Drescher Mulzet Susan L | $4,250,000 | Greystone Title Agency Llc | |
| Heims Michael J | -- | None Available | |
| Heims Michael J | -- | None Available | |
| Heims Michael Jon | $3,038,000 | Camelback Title Agency Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Heims Michael Jon | $2,538,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2017 01/26/17 | Sold | $4,250,000 | -3.3% | $594 / Sq Ft |
| 12/06/2016 12/06/16 | Pending | -- | -- | -- |
| 09/30/2016 09/30/16 | For Sale | $4,395,000 | -- | $615 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $12,236 | $208,720 | -- | -- |
| 2024 | $11,501 | $198,781 | -- | -- |
| 2023 | $11,501 | $223,220 | $44,640 | $178,580 |
| 2022 | $11,008 | $180,300 | $36,060 | $144,240 |
| 2021 | $11,748 | $171,830 | $34,360 | $137,470 |
| 2020 | $15,697 | $206,350 | $41,270 | $165,080 |
| 2019 | $13,975 | $193,760 | $38,750 | $155,010 |
| 2018 | $13,434 | $203,980 | $40,790 | $163,190 |
| 2017 | $12,882 | $221,730 | $44,340 | $177,390 |
| 2016 | $12,600 | $220,880 | $44,170 | $176,710 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Bushong
-
Grant Almquist
Seller Co-Listing Agent in 2017
Grant Almquist
Russ Lyon Sotheby's International Realty
(602) 615-2799
13 in this area
100 Total Sales
-
R
Buyer's Agent in 2017
Rusty Davis
Russ Lyon Sotheby's International Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5509021
APN: 169-29-036A
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.
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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