NOT LISTED FOR SALE

5237 E Solano Dr Paradise Valley, AZ 85253

Estimated Value: $7,746,000 - $8,756,000

5 Beds
6 Baths
7,210 Sq Ft
$1,132/Sq Ft Est. Value

Last Sold December 03, 2024

Last sale price $7,999,888 $1,110 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $43,967/month

202 Days on Market

Highlights

  • Guest House
  • Heated Lap Pool
  • Fireplace in Primary Bedroom
  • Kiva Elementary School Rated A
  • Mountain View
  • Contemporary Architecture

About This Home

As of December 2024

Experience stately real estate in the heart of Paradise Valley.

Last Agent to Sell the Property

Josh Peters

Realty ONE Group Brokerage Phone: 480-788-7556 License #SA640957000 Listed on: 11/25/2023

Realty ONE Group

Co-Listed By

Monroe Zuber

Realty ONE Group Brokerage Phone: 480-788-7556 License #SA678963000

Last Buyer's Agent

Danille McElroy

Realty ONE Group License #SA710585000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,332

Year Built

  • Built in 2015

Lot Details

  • 1.07 Acre Lot
  • Desert faces the front and back of the property
  • Partially Fenced Property
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 3 Car Direct Access Garage
  • 10 Open Parking Spaces
  • 2 Carport Spaces
  • Garage Door Opener

Home Design

  • Designed by Bing Hu Architects
  • Contemporary Architecture
  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,210 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Mechanical Sun Shade
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 6 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Heated Lap Pool
  • Heated Spa

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

  • Kiva Elementary School
  • Mohave Middle School

Utilities

  • Zoned Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Custom Bing Hu & Banner Colab.
  • Stone Canyon Subdivision, Stately Estate Floorplan

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 172-47-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,332

Year Built

Built in 2015

Lot Details

1.07 Acres

Parking

3

Listing Details

  • Cross Street: McDonald and 54th Street
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Bing Hu
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 10.0
  • Parking Spaces Total Covered Spaces: 5.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2015
  • Spa Private: Yes
  • Tax Year: 2023
  • Master Model: stately estate
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.07
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: STONE CANYON
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 1109.55
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Double Vanity, Breakfast Bar, Elevator, Wet Bar, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 7210.0
  • Stories: 2
  • Window Features: Dual Pane, Mechanical Sun Shds
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Loft: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Partial
  • Exterior Features: Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Synthetic Grass Frnt, Synthetic Grass Back
  • Pool Features: Heated, Lap, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Painted, Block
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Patio
  • Roof: Foam, Metal
  • Construction:Block: Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Separate Guest House: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Spaces: 3.0
  • Open Parking Spaces: 10.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Kiva Elementary School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 46779.0
  • Parcel #: 172-47-030

Building Info

  • Builder Name: Custom Bing Hu & Banner Colab.

Tax Info

  • Tax Annual Amount: 17332.0
  • Tax Book Number: 172.00
  • Tax Lot: 30
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2025
Sold by
Mcelroy Kenneth
Bought by
Km Investment Services Llc
Current Estimated Value
$8,244,939

Purchase Details

Listed on
Nov 25, 2023
Closed on
Nov 26, 2024
Sold by
Cr Investments Southwest Llc
Bought by
Mcelroy Kenneth
Seller's Agent
Josh Peters
Realty ONE Group
Buyer's Agent
Danille McElroy
Realty ONE Group
List Price
$8,888,888
Sold Price
$7,999,888
Premium/Discount to List
-$889,000
-10%
Views
297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%
Original Mortgage
$6,049,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2021
Sold by
Connors Craig Raymond
Bought by
Cr Investments Southwest Llc

Purchase Details

Listed on
Mar 9, 2012
Closed on
May 9, 2012
Sold by
Norris Edward Neb B
Bought by
Connors Craig Raymond
Seller's Agent
Lisa Westcott
RETSY
Buyer's Agent
Lexie Fabor
Compass
List Price
$1,495,000
Sold Price
$1,250,000
Premium/Discount to List
-$245,000
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%

Purchase Details

Listed on
Mar 9, 2012
Closed on
Apr 26, 2012
Sold by
Norris John N and Norris Barbara E
Bought by
Norris Edward Ned B and Edward B & Bethel Kaye Family Trust
Seller's Agent
Lisa Westcott
RETSY
Buyer's Agent
Lexie Fabor
Compass
List Price
$1,495,000
Sold Price
$1,250,000
Premium/Discount to List
-$245,000
-16.39%

Purchase Details

Closed on
Mar 16, 2004
Sold by
Norris John N and Norris Barbara E
Bought by
Norris Edward Ned B and Edward B & Bethel Kaye Norris Family Tru

Purchase Details

Closed on
May 4, 1994
Sold by
Norris John N and Norris Barbara E
Bought by
Norris John N and Norris Barbara E
Source: Public Records
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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
Km Investment Services Llc -- --
Mcelroy Kenneth $7,999,888 Premier Title Agency
Mcelroy Kenneth $7,999,888 Premier Title Agency
Cr Investments Southwest Llc -- Fidelity Natl Ttl Agcy Inc
Connors Craig Raymond $1,250,000 Fidelity Natl Title Agency I
Norris Edward Ned B -- Fidelity Natl Title Agency I
Norris Edward Ned B -- --
Norris John N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcelroy Kenneth $6,049,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2024 12/03/24 Sold $7,999,888 0.0% $1,110 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $7,999,888 -5.3% $1,110 / Sq Ft
04/06/2024 04/06/24 Price Changed $8,450,000 -3.4% $1,172 / Sq Ft
03/23/2024 03/23/24 Price Changed $8,750,000 -1.6% $1,214 / Sq Ft
03/15/2024 03/15/24 For Sale $8,888,888 +11.1% $1,233 / Sq Ft
03/13/2024 03/13/24 Off Market $7,999,888 -- --
11/25/2023 11/25/23 For Sale $8,888,888 +611.1% $1,233 / Sq Ft
05/21/2012 05/21/12 Sold $1,250,000 -16.4% $438 / Sq Ft View Prior Sale
03/22/2012 03/22/12 Pending -- -- --
03/09/2012 03/09/12 For Sale $1,495,000 -- $523 / 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 $18,420 $309,290 -- --
2024 $17,332 $294,561 -- --
2023 $17,332 $412,960 $82,590 $330,370
2022 $16,601 $307,150 $61,430 $245,720
2021 $17,686 $296,230 $59,240 $236,990
2020 $18,169 $316,410 $63,280 $253,130
2019 $17,541 $330,520 $66,100 $264,420
2018 $16,890 $297,830 $59,560 $238,270
2017 $16,225 $277,760 $55,550 $222,210
2016 $15,886 $262,330 $52,460 $209,870
2015 $8,122 $131,170 $26,230 $104,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6633743

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-47-030

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