NOT LISTED FOR SALE

Estimated Value: $2,760,000 - $3,302,000

5 Beds
4 Baths
5,226 Sq Ft
$585/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $3,100,000 $593 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $16,992/month

166 Days on Market

Highlights

  • Guest House
  • Tennis Courts
  • RV Access or Parking
  • Cherokee Elementary School Rated A
  • Heated Pool
  • Solar Power System

About This Home

As of April 2024

BEST VALUE in PV and MOVE-IN ready! Unique & Stunning Frank Lloyd Wright inspired luxury 1.5-acre estate on large flat lot! Nestled on a quiet street w/ no through traffic, this beautifully remodeled home reflects a perfect balance of simple modern luxury living & casual elegance! NO STEP inside! Desirable N/S exposure brings in tons of natural light through skylights & new windows/doors! Entertain family/friends in the amazing resort-style backyard w/ ultimate privacy. Featuring spacious primary suite, private casita with kitchenette, VIKING gas BBQ, large travertine patio courtyard, HEATED pebble pool, rare-seen mature bamboos by waterfall, 2 EV chargers, large gazebo, turf+grass, & full-size tennis court, this home is ready for the next family. Seller carry available. Owner Agent This charming solid block home was built in 1981 by the luxury custom home builder Weldon Minchew apprenticed by Frank Lloyd Wright for the first family who have lived here for 40 years! The seclude and unique 1.45 acre lot with deep setback from the street and desert wash behind provides ultimate privacy and security.

Enjoy the breathtaking mountain view through large front window and the picture-perfect beautiful view of the backyard through 4 sets of large sliding doors where indoor/outdoor living spaces flow seamlessly together! The current (2nd) owner did a complete cosmetic update in the last 2 years while preserving the original charms and architectural integrity of the home. It is NOT a cookie cutter style home and it may not have as many bathrooms as some home buyers are looking for, however, it demonstrates a unique, charming, calming, and loving energy and it is SUPER energy efficient when it comes heating and cooling!

Below are the features and recent improvements:

- New solar panels financed with 1.49% interest rate
- New 400-AMP electrical panel upgrade.
- New commercial grade windows and doors
- New kitchen waterfall quartz countertop and backsplash
- 4 beautifully updated bathrooms
- new casita remodel with kitchenette
- New washer/dryer/steamer in primary closet
- 2nd Washer/dryer hookup by garage entrance
- Water softener with exterior soft water spigot for car wash at home
- new custom cabinets for primary closets and all bathrooms
- New concrete roof tiles and new under layments
- New gutter system in backyard
- New triple-insulated garage doors (2) and new garage opener
- New luxury vinyl plank flooring throughout (no carpet)
- New smooth wall texture finish
- New exterior and interior paint
- All interior doors are solid wood doors and restained
- new 84" luxury linear electric fireplace
- New LED lights and ceiling fans
- New travertine pavers in back patio
- New gazebo top beams
- New pool equipment (filter, vac, pump)
- New cool deck finish around the pool and gazebo
- new turf by AZ Turf masters
- New extended driveway for extra parking spaces
- 2 New EV chargers
- 4 AC units

Last Agent to Sell the Property

Maggie Wu

Realty ONE Group License #SA656100000 Listed on: 10/20/2023

Last Buyer's Agent

Lisa Roberts

Russ Lyon Sotheby's International Realty License #SA640564000

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,323

Year Built

  • Built in 1981

Lot Details

  • 1.45 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Private Yard
  • Grass Covered Lot

Parking

  • 3 Car Direct Access Garage
  • 12 Open Parking Spaces
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Circular Driveway
  • RV Access or Parking

Home Design

  • Roof Updated in 2023
  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,226 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Low Emissivity Windows
  • Family Room with Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Floors Updated in 2022
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom Updated in 2022
  • 4 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Smart Home

Accessible Home Design

  • Roll-in Shower
  • Accessible Hallway
  • Doors are 32 inches wide or more
  • No Interior Steps

Pool

  • Heated Pool
  • Diving Board

Outdoor Features

  • Tennis Courts
  • Patio
  • Outdoor Storage
  • Built-In Barbecue
  • Playground

Schools

  • Cherokee Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Central Air
  • Heating Available
  • Plumbing System Updated in 2022
  • Water Purifier
  • High Speed Internet

Additional Features

  • Solar Power System
  • Guest House

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 168-05-040

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by Minchew Corp
  • Palo Olivo Estates Subdivision

Recreation

  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,323

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Cross Street: 52nd Street and Shea
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • 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: 2022
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2022
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2018
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2022
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 12.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1981
  • Tax Year: 2023
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.45
  • Subdivision Name: PALO OLIVO ESTATES
  • Architectural Style: Ranch
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop, Water Purifier
  • Accessibility Features: Accessible Door 32in+ Wide, Bath Roll-In Shower, Accessible Hallway(s)
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Granite Counters, Double Vanity, Eat-in Kitchen, No Interior Steps, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Separate Shwr & Tub
  • Living Area: 5226.0
  • Stories: 1
  • Window Features: Skylight(s), Low-Emissivity Windows, Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground, Private Yard, Sport Court(s), Storage, Tennis Court(s), Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Natural Desert Back, Grass Back, Synthetic Grass Back
  • Pool Features: Diving Pool, Heated, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Block, Slump Block
  • Other Structures: Separate Guest House, Gazebo
  • Patio And Porch Features: Patio
  • Roof: Tile, Foam
  • Construction:Block: Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:GazeboRamada: Yes
  • Construction:Slump Block: Yes
  • Exterior Features:Sport Court(s): Yes
  • Exterior Features:Tennis Court(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Access/Parking, RV Gate, Garage Door Opener, Direct Access, Circular Driveway, Attch'd Gar Cabinets, Separate Strge Area, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 12.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Circular Drive: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: See Remarks, Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • 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

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 63301.0
  • Parcel #: 168-05-040

Building Info

  • Builder Name: Minchew Corp

Tax Info

  • Tax Annual Amount: 9323.0
  • Tax Book Number: 168.00
  • Tax Lot: 1
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Apr 30, 2024
Sold by
Maggie Ge Wu Revocable Trust and Wu Maggie Ge
Bought by
Wolfman Robert and Wolfman Brittne
Seller's Agent
Maggie Wu
Realty ONE Group
Buyer's Agent
Lisa Roberts
Russ Lyon Sotheby's International Realty
List Price
$3,980,000
Sold Price
$3,100,000
Premium/Discount to List
-$880,000
-22.11%
Views
181
Current Estimated Value
$3,055,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,691
Avg. Annual Appreciation
-1.02%

Purchase Details

Closed on
Dec 31, 2021
Sold by
Tm Short Term Holdings Llc
Bought by
Maggie Ge Wu Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,196,250
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2007
Sold by
Vichmann Donald L and Viehmann Suzanne
Bought by
Viehmann Donald L and Viehmann Trust
Source: Public Records

Range of Values:

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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
Wolfman Robert $3,100,000 Title Services Of The Valley
Maggie Ge Wu Revocable Trust $1,595,000 Encore Title
Tm Short Term Holdings Llc $1,435,000 Encore Title
Viehmann Donald L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maggie Ge Wu Revocable Trust $1,355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $3,100,000 -10.1% $593 / Sq Ft
04/03/2024 04/03/24 Price Changed $3,450,000 -1.4% $660 / Sq Ft
03/26/2024 03/26/24 Price Changed $3,498,000 -2.8% $669 / Sq Ft
03/14/2024 03/14/24 Price Changed $3,599,000 -5.3% $689 / Sq Ft
03/09/2024 03/09/24 Price Changed $3,799,000 -3.1% $727 / Sq Ft
03/03/2024 03/03/24 Price Changed $3,920,000 -0.8% $750 / Sq Ft
02/02/2024 02/02/24 Price Changed $3,950,000 -0.8% $756 / Sq Ft
01/13/2024 01/13/24 Price Changed $3,980,000 0.0% $762 / Sq Ft
01/13/2024 01/13/24 For Sale $3,980,000 +28.4% $762 / Sq Ft
12/10/2023 12/10/23 Off Market $3,100,000 -- --
12/08/2023 12/08/23 Price Changed $3,880,000 -2.5% $742 / Sq Ft
10/21/2023 10/21/23 For Sale $3,980,000 -- $762 / 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 $9,526 $128,841 -- --
2024 $9,323 $122,705 -- --
2023 $9,323 $153,900 $30,780 $123,120
2022 $8,917 $115,530 $23,100 $92,430
2021 $9,264 $107,070 $21,410 $85,660
2020 $9,118 $100,950 $20,190 $80,760
2019 $8,983 $99,000 $19,800 $79,200
2018 $8,615 $93,800 $18,760 $75,040
2017 $8,282 $91,820 $18,360 $73,460
2016 $8,054 $90,580 $18,110 $72,470
2015 $7,333 $86,250 $17,250 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6620921

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-05-040