NOT LISTED FOR SALE

5218 E Arroyo Rd Paradise Valley, AZ 85253

Estimated Value: $4,840,329 - $5,550,000

4 Beds
5.5 Baths
7,150 Sq Ft
$741/Sq Ft Est. Value

Last Sold January 26, 2017

Last sale price $4,250,000 $594 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $28,988/month

67 Days on Market

Highlights

  • Guest House
  • Play Pool
  • City Lights View
  • Kiva Elementary School Rated A
  • Sitting Area In Primary Bedroom
  • Contemporary Architecture

About This Home

As of January 2017

This 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

Joe Bushong

Russ Lyon Sotheby's International Realty License #SA558366000 Listed on: 10/09/2016

Russ Lyon Sotheby's International Realty

Co-Listed By

Grant Almquist

Russ Lyon Sotheby's International Realty License #SA038955000

Last Buyer's Agent

Rusty Davis

Russ Lyon Sotheby's International Realty License #SA017146000

Russ Lyon Sotheby's International Realty

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
  • Low Emissivity Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Security System Owned
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • 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

Additional Homes

  • Guest House

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Sahuaro Ranch Elementary High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Water Filtration System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Custom
  • Paradise Valley Estates Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 169-29-036-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,878

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Lincoln and Desert Fairways
  • Legal Info Range: 4E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2009
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2009
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2009
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2009
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2009
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2009
  • Updated Room Addition: Full
  • Items Updated Rm Adtn Yr Updated: 2009
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2009
  • Updated Wiring: Full
  • Items Updated Wiring Yr Updated: 2009
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1987
  • Tax Year: 2015
  • Directions: From Lincoln Drive North on Desert Fairways to Arroyo; Right/East on Arroyo to the home on the left.
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 1.21
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Paradise Valley Estates
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Appraiser
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Stone, Wood
  • Spa Features: None
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace, Family Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Mstr Bdrm Sitting Rm, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Drink Wtr Filter Sys, Kitchen Island, Pantry, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Living Area: 7150.0
  • Stories: 2
  • Window Features: Skylight(s), Double Pane Windows, Low Emissivity Windows
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:_two_ Fireplace: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:ExerciseSauna Room: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Private
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Block
  • Other Structures: Guest House
  • Roof: Rock, Foam
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Side Vehicle Entry: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Electric
  • Laundry Features: Inside
  • Security: Security System Owned
  • Water Source: Pvt Water Company
  • Heating:Electric: 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: Sahuaro Ranch Elementary School
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 52665.0
  • Parcel #: 169-29-036-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 12878.0
  • Tax Book Number: 169.00
  • Tax Lot: 36
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 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
$5,299,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,049,776
Avg. Annual Appreciation
2.57%

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
Source: Public Records

Range of Values:

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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
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 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 $11,670 $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

    Seller's Agent in 2017

    Joe Bushong

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    18 in this area

    213 Total Sales

    Joe Bushong
    Section Image
  • Grant Almquist

    Seller Co-Listing Agent in 2017

    Grant Almquist

    Russ Lyon Sotheby's International Realty

    (602) 615-2799

    16 in this area

    101 Total Sales

    Grant Almquist
    Section Image

  • R

    Buyer's Agent in 2017

    Rusty Davis

    Russ Lyon Sotheby's International Realty

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5509021

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-29-036A

Arizona Maricopa County Paradise Valley 85253

5218 E Arroyo Rd, Paradise Valley, AZ

This home is located at 5218 E Arroyo Rd, Paradise Valley, AZ 85253 since 09 October 2016 and is currently estimated at $5,299,776, approximately $741 per square foot. This property was built in 1987. 5218 E Arroyo Rd 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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