NOT LISTED FOR SALE

5480 E Seven Palms Dr Cave Creek, AZ 85331

Terravita Neighborhood

Estimated Value: $1,076,000 - $1,240,000

3 Beds
2.5 Baths
3,353 Sq Ft
$346/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $1,050,000 $313 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,416/month

151 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • Solar Power System
  • Black Mountain Elementary School Rated A-
  • RV Garage
  • Fireplace in Primary Bedroom

About This Home

As of August 2023

5377 sq.ft. under roof**Great property w/so much to offer*1998 built Santa Fe w/3 bedrooms + 2 small work areas in main* 2-1/2++ baths*lrg fam rm w/gas fp and built-ins* huge Master w/gas fp, ba has jacuzzi tub, large walk-in, his/hers vanities, bidet & laundry.,Kitchen w/granite, stainless and eat-in area*frml dining*2 work areas*1419sq.ft. RV garage w/half-ba, RV hook-ups, huge storage rm*shelving *space for several vehicles, & lg motor home, two separate garage doors--one oversize, Swamp Cooler. Upstairs 605 sq.ft.3 rm + 2ba guest apartment-- completely self-contained--perfect rental, Airbnb, etc., Natural Gas*No HOA*Solar 'Zero utilitiy bills*Acre+, 5377 sq.ft.total under roof!! Pool/Spa/bbq/firepit/outdoor shower and roof deck*Original Owner*

Last Agent to Sell the Property

Diann Mullen

HomeSmart License #SA019770000 Listed on: 03/13/2023

HomeSmart

Last Buyer's Agent

Brandon Howe

Howe Realty License #BR532588000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,031

Year Built

  • Built in 1997

Lot Details

  • 1.02 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Private Yard

Parking

  • 5 Car Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Side or Rear Entrance to Parking
  • Tandem Garage
  • Garage Door Opener
  • RV Garage

Home Design

  • Santa Fe Architecture
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,353 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Free Standing Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Security System Leased

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessible Hallway
  • No Interior Steps

Pool

  • Heated Spa
  • Private Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Storage
  • Built-In Barbecue

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Utilities

  • Evaporated cooling system
  • Refrigerated and Evaporative Cooling System
  • Central Air
  • Heating System Uses Natural Gas
  • Water Purifier
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Solar Power System
  • Guest House

Community Details

  • No Home Owners Association
  • Association fees include no fees

Listing and Financial Details

  • Assessor Parcel Number 211-46-017-C

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,031

Year Built

Built in 1997

Lot Details

0

Parking

5

Listing Details

  • Cross Street: Carefree Highway/56th Street
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2013
  • Parking Spaces Total Covered Spaces: 5.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Spa Private: Yes
  • Tax Year: 2022
  • Directions: From light turn South, go to Seven Palms & turn right. 4th home on the Right (do not use GPS--it will take you to a dead end) Large Santa Fe w/HUGE RV garage w/guest quarters on Acre No HOA*
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.02
  • Subdivision Name: NA
  • Architectural Style: Territorial/Santa Fe
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • Tax Parcel Letter: C
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Fireplace Features Freestnd Fireplace: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Water Purifier
  • Accessibility Features: Bath Grab Bars, Accessible Hallway(s)
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Fire Pit, 2 Fireplace, Free Standing, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Physcl Chlgd (SRmks), Master Downstairs, Eat-in Kitchen, 9+ Flat Ceilings, No Interior Steps, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 3353.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Other Rooms:Separate Workshop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony, Private Yard, Screened in Patio(s), Storage, Built-in Barbecue, RV Hookup
  • Lot Features: Natural Desert Back, Natural Desert Front
  • Pool Features: Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:RV Hookup: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Screened in Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Tandem Garage, RV Access/Parking, RV Gate, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Over Height Garage, Rear Vehicle Entry, Separate Strge Area, Side Vehicle Entry, Temp Controlled, Detached, RV Garage
  • Attached Garage: No
  • Garage Spaces: 5.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Rear Vehicle Entry: Yes
  • Parking Features:Temp Controlled: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Detached: Yes
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Over Height Garage: Yes
  • Parking Features:RV Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Both Refrig & Evap, Ceiling Fan(s), Evaporative Cooling
  • Heating: Natural Gas
  • Security: Security System Leased
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: 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: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44257.0
  • Parcel #: 211-46-017-C

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 3031.0
  • Tax Book Number: 211.00
  • Tax Lot: 0
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Aug 18, 2023
Sold by
Courtney Family Trust
Bought by
Lacovacci Michael J and Lacovacci Kelly Lynn
Seller's Agent
Diann Mullen
HomeSmart
Buyer's Agent
Brandon Howe
Howe Realty
List Price
$1,595,000
Sold Price
$1,050,000
Premium/Discount to List
-$545,000
-34.17%
Views
222
Current Estimated Value
$1,159,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,201
Avg. Annual Appreciation
4.78%
Original Mortgage
$450,000
Outstanding Balance
$440,568
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$718,633

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jul 20, 2023
Sold by
Courtney Family Trust and Courtney John Everett
Bought by
Lacovacci Michael J and Lacovacci Kelly Lynn
Seller's Agent
Diann Mullen
HomeSmart
Buyer's Agent
Brandon Howe
Howe Realty
List Price
$1,595,000
Sold Price
$1,050,000
Premium/Discount to List
-$545,000
-34.17%
Views
222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$440,568
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$718,633

Purchase Details

Closed on
Mar 11, 2021
Sold by
Courtney John E
Bought by
Courtney John Everett and The Courtney Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,233,562
Interest Rate
2.34%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Oct 21, 2020
Sold by
Courtney John and The Courtney Family Trust
Bought by
Courtney John

Purchase Details

Closed on
Dec 14, 2015
Sold by
Courtney John
Bought by
Courtney John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
4.06%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 26, 2008
Sold by
Courtney John E and Courtney Virginia C
Bought by
Courtney John E and Courtney Virginia C
Source: Public Records

Range of Values:

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Average Value
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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
Lacovacci Michael J $1,050,000 Navi Title Agency
Lacovacci Michael J $1,050,000 Navi Title Agency
Courtney John Everett -- First American Title Ins Co
Courtney John -- None Available
Courtney John -- First American Title Ins Co
Courtney John E -- None Available
Courtney John E -- None Available
Courtney John E -- None Available
Courtney John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacovacci Michael J $450,000
Closed Lacovacci Michael J $450,000
Previous Owner Courtney John Everett $1,233,562
Previous Owner Courtney John $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $1,050,000 -10.9% $313 / Sq Ft
07/04/2023 07/04/23 Price Changed $1,179,000 -2.5% $352 / Sq Ft
05/20/2023 05/20/23 Price Changed $1,209,000 -4.0% $361 / Sq Ft
04/21/2023 04/21/23 Price Changed $1,259,000 -7.4% $375 / Sq Ft
03/28/2023 03/28/23 Price Changed $1,359,000 -14.8% $405 / Sq Ft
02/13/2023 02/13/23 For Sale $1,595,000 -- $476 / 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 $3,234 $85,509 -- --
2024 $3,094 $81,437 -- --
2023 $3,094 $102,480 $20,490 $81,990
2022 $3,031 $79,610 $15,920 $63,690
2021 $3,402 $74,910 $14,980 $59,930
2020 $3,354 $67,200 $13,440 $53,760
2019 $3,252 $65,260 $13,050 $52,210
2018 $3,131 $64,210 $12,840 $51,370
2017 $3,018 $61,360 $12,270 $49,090
2016 $3,001 $58,720 $11,740 $46,980
2015 $2,840 $57,810 $11,560 $46,250
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Diann Mullen

    HomeSmart

    (602) 525-3099

    1 in this area

    4 Total Sales

    Diann Mullen
    Section Image
  • Brandon Howe

    Buyer's Agent in 2023

    Brandon Howe

    Howe Realty

    (602) 909-6513

    1 in this area

    1,476 Total Sales

    Brandon Howe
    Section Image
  • Erin Payne

    Buyer Co-Listing Agent in 2023

    Erin Payne

    Howe Realty

    (602) 909-6513

    1 in this area

    104 Total Sales

    Erin Payne
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6520046

Arizona Regional Multiple Listing Service (ARMLS)

APN: 211-46-017C

Arizona Maricopa County Cave Creek 85331 Terravita

5480 E Seven Palms Dr, Cave Creek, AZ

This home is located at 5480 E Seven Palms Dr, Cave Creek, AZ 85331 since 13 March 2023 and is currently estimated at $1,159,201, approximately $345 per square foot. This property was built in 1997. 5480 E Seven Palms Dr is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle 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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