NOT LISTED FOR SALE

5502 E Paradise Ln Scottsdale, AZ 85254

Paradise Valley Neighborhood

Estimated Value: $817,910 - $939,000

3 Beds
3 Baths
1,996 Sq Ft
$445/Sq Ft Est. Value

Last Sold May 21, 2015

Last sale price $375,000 $188 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,162/month

About This Home

As of May 2015

IMPRESSIVE UPGRADES. Rich hand-scraped hardwood floors, elegant Alder French exits, fireplace, vaulted ceilings, designer lighting, Emtek hardware, Carrara marble, art niches and more. Striking redone kitchen. Glazed antique white-finished European Beech cabinetry, a Rohl fireclay farmhouse sink, Café Crème granite counters, Travertine herringbone backsplash and stainless appliances. Chandelier-lit formal dining room. Spectacularly redone master bath. Jetted tub, bench seating in the walk-in shower, vessel sinks, Travertine floor and Alder cabinetry. Contemporary powder room furniture vanity. Remodeled Jack and Jill bath. Beautiful yard. Sparkling pool with Spanish tiles, lush lawn and pavers. Striking Pergola with built-in BBQ. Built-in garage cabinetry. The prettiest home on the block.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2014
Closed on
May 12, 2015
Sold by
Palme Lance M
Bought by
Hernandez George and Hernandez Michelle
Seller's Agent
JoAnn Callaway
eXp Realty
Buyer's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$887,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,228
Avg. Annual Appreciation
8.84%
Original Mortgage
$356,250
Outstanding Balance
$277,108
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$610,120

Purchase Details

Closed on
Jan 19, 2007
Sold by
Palme Omayra
Bought by
Palme Lance M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2006
Sold by
Palme Lance
Bought by
Palme Lance and Palme Omayra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,920
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2006
Sold by
Palme Omayra
Bought by
Palme Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,920
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 1995
Sold by
Downing Mark W
Bought by
Little Gary W and Little Joyce L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,850
Interest Rate
8.9%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

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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
Hernandez George $375,000 Old Republic Title Agency
Palme Lance M -- Security Title Agency Inc
Palme Lance -- Transnation Title Ins Co
Palme Lance -- Transnation Title Ins Co
Palme Lance $499,900 Transnation Title Ins Co
Little Gary W $144,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez George $356,250
Previous Owner Palme Lance M $417,000
Previous Owner Palme Lance M $96,000
Previous Owner Palme Lance $399,920
Previous Owner Palme Lance $399,920
Previous Owner Little Gary W $100,000
Previous Owner Little Gary W $184,938
Previous Owner Little Gary W $146,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2015 05/21/15 Sold $375,000 0.0% $188 / Sq Ft
04/01/2015 04/01/15 For Sale $375,000 0.0% $188 / Sq Ft
11/06/2014 11/06/14 For Sale $375,000 0.0% $188 / Sq Ft
11/06/2014 11/06/14 Price Changed $375,000 0.0% $188 / Sq Ft
09/17/2014 09/17/14 Off Market $375,000 -- --
09/15/2014 09/15/14 Price Changed $399,000 -6.1% $200 / Sq Ft
09/10/2014 09/10/14 For Sale $425,000 -- $213 / Sq Ft

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 $2,958 $35,056 -- --
2024 $2,890 $33,387 -- --
2023 $2,890 $53,330 $10,660 $42,670
2022 $2,863 $41,610 $8,320 $33,290
2021 $2,910 $37,770 $7,550 $30,220
2020 $2,811 $35,820 $7,160 $28,660
2019 $2,824 $34,270 $6,850 $27,420
2018 $2,721 $32,320 $6,460 $25,860
2017 $2,598 $31,180 $6,230 $24,950
2016 $2,557 $28,570 $5,710 $22,860
2015 $2,483 $27,520 $5,500 $22,020
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    JoAnn Callaway

    eXp Realty

  • Joseph Callaway

    Seller Co-Listing Agent in 2015

    Joseph Callaway

    eXp Realty

    (602) 796-5751

    35 in this area

    70 Total Sales

    Joseph Callaway
    Section Image
  • Patty Camp Schmid

    Buyer's Agent in 2015

    Patty Camp Schmid

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 889-4449

    7 in this area

    87 Total Sales

    Patty Camp Schmid
    Section Image
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Map

Arizona Maricopa County Scottsdale 85254 Paradise Valley

5502 E Paradise Ln, Scottsdale, AZ

This home is located at 5502 E Paradise Ln, Scottsdale, AZ 85254 and is currently estimated at $887,228, approximately $444 per square foot. 5502 E Paradise Ln is a home located in Maricopa County with nearby schools including North Ranch Elementary School, Desert Shadows Middle School, and Horizon 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.

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