NOT LISTED FOR SALE

5427 E Royal Palm Rd Unit 36 Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $1,437,000 - $2,916,000

1.06 Acres
$2,211,501 Price per Acre
46,174 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $2,050,000

Est. 19% increase in value since last sale

Current estimated payment $13,673/month

224 Days on Market

About This Lot

As of September 2023

Coveted view lot hillside on Mummy Mountain with soaring views of Camelback and Paradise Valley Country Club. Minutes from cities best golf, resturants, Whole Foods and shopping lies this Southwestern orientated lot carved into the mountain with ideal afternoon shade. Coastal contemporary glass and wood modern crafted by Whipple Russell Architecture slated for the lot side boasting 10k sqft of split level beauty. With a current home structure on the lot, the envelope and lot prep have been completed, easy access to utilities make this an ideal buildable lot. Moments from Phoenix Country Day and in A+ rated CCC district of Scottsdale Unified, truly the best lot available at this price point.

Last Agent to Sell the Property

Katrina Barrett

Walt Danley Local Luxury Christie's International Real Estate Brokerage Phone: 520-403-5270 License #BR578628000 Listed on: 01/26/2023

Walt Danley Local Luxury Christie's International Real Estate

Last Buyer's Agent

Bhagyashree Gundappa

HomeSmart License #SA644062000

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,579

Lot Details

  • 1.06 Acre Lot
  • Property is zoned r-43

Schools

  • Cherokee Elementary School
  • Cochise Elementary Middle School
  • Chaparral High School

Utilities

  • Private Water Source

Community Details

  • No Home Owners Association
  • Turquoise Hills Subdivision

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 168-65-029

Property Details

Property Type

Land

Est. Annual Taxes

$4,579

Lot Details

0

Listing Details

  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: r-43
  • Tax Year: 2022
  • Attribution Contact: 520-403-5270
  • Lot Size Acres: 1.06
  • Subdivision Name: TURQUOISE HILLS
  • Water Source Private Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Disclosures: Seller Prop Disc Stm

Utilities

  • Electric: APS
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size: na
  • Lot Size Sq Ft: 46266.0
  • Additional Parcels: No
  • Parcel #: 168-65-029

Tax Info

  • Tax Annual Amount: 4579.0
  • Tax Book Number: 168.00
  • Tax Lot: 36
  • Tax Map Number: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Oct 13, 2023
Sold by
Ariel Global Investments Llc 401K Profit
Bought by
Gundappa Bhagyashree
Seller's Agent
Katrina Barrett
Walt Danley Local Luxury Christie's International Real Estate
Buyer's Agent
Bhagyashree Gundappa
HomeSmart
List Price
$2,250,000
Sold Price
$2,050,000
Premium/Discount to List
-$200,000
-8.89%
Views
189
Current Estimated Value
$2,447,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,936
Avg. Annual Appreciation
8.32%
Original Mortgage
$1,275,000
Outstanding Balance
$1,257,732
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$1,124,793

Purchase Details

Closed on
Mar 18, 2022
Sold by
Heeler Trust
Bought by
Ariel Global Investments Llc 401K Profit

Purchase Details

Closed on
Aug 17, 2015
Sold by
Kile Emily and Emily Kile Trust
Bought by
Heeler Trust

Purchase Details

Closed on
Aug 17, 2005
Sold by
Thompson Raymond L
Bought by
Kile Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.61%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gundappa Bhagyashree $2,050,000 Empire Title Agency
Ariel Global Investments Llc 401K Profit $1,815,000 Lawyers Title
Heeler Trust -- None Available
Kile Emily $1,325,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gundappa Bhagyashree $1,275,000
Previous Owner Kile Emily $1,000,000
Previous Owner Kile Emily $430,000
Previous Owner Thompson Raymond L $413,500
Previous Owner Thompson Raymond L $42,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $2,050,000 +2.8% --
09/29/2023 09/29/23 Off Market $1,995,000 -- --
09/07/2023 09/07/23 Pending -- -- --
06/05/2023 06/05/23 Price Changed $1,995,000 -11.3% --
01/26/2023 01/26/23 For Sale $2,250,000 -- --
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 $3,243 $55,169 -- --
2024 $4,774 $52,542 -- --
2023 $4,774 $95,360 $19,070 $76,290
2022 $4,579 $71,130 $14,220 $56,910
2021 $4,271 $68,280 $13,650 $54,630
2020 $4,240 $64,550 $12,910 $51,640
2019 $4,189 $64,070 $12,810 $51,260
2018 $4,011 $65,720 $13,140 $52,580
2017 $3,830 $61,250 $12,250 $49,000
2016 $3,737 $55,350 $11,070 $44,280
2015 $3,515 $55,350 $11,070 $44,280
Source: Public Records

Agents Affiliated with this Home

  • Katrina Barrett

    Seller's Agent in 2023

    Katrina Barrett

    Walt Danley Local Luxury Christie's International Real Estate

    (520) 403-5270

    86 in this area

    446 Total Sales

    Section Image

  • B

    Buyer's Agent in 2023

    Bhagyashree Gundappa

    HomeSmart

    (480) 398-6016

    3 in this area

    28 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6512117

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-65-029

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5427 E Royal Palm Rd Unit 36, Paradise Valley, AZ

This home is located at 5427 E Royal Palm Rd Unit 36, Paradise Valley, AZ 85253 since 26 January 2023 and is currently estimated at $2,344,191. 5427 E Royal Palm Rd Unit 36 is a home located in Maricopa County with nearby schools including Cherokee Elementary School, Cocopah Middle School, and Chaparral 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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