NOT LISTED FOR SALE

5503 E Cannon Dr Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $1,467,000 - $2,002,000

4 Beds
2.5 Baths
3,055 Sq Ft
$561/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,480,000 $484 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,776/month

35 Days on Market

Highlights

  • Private Pool
  • Vaulted Ceiling
  • Granite Countertops
  • Cherokee Elementary School Rated A
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of March 2022

Beautiful split floorplan home on gorgeous, premium lot w/ sparkling pool in exclusive Promontory subdivision. Vaulted ceilings, lots of natural light give home open, spacious feel. Beautiful living/dining room w/ 3 sets of French doors leading to patio make this ideal space to relax and entertain. Huge, open eat in kitchen, tons of counter space & cabinetry, large island w/ granite counter, convenient breakfast bar. Comfortable family room w/ wood burning fireplace. Large primary bedroom, spacious, comfortable sitting area overlooking backyard. Bright, well-appointed primary bathroom, dual vanities, separate tub & shower, huge walk in closet. Resort-like backyard lushly landscaped, large covered patio, extended pavers, raised seating area, grassy side yard, gorgeous pool. Fantastic home. Fourth bedroom has built in desks and shelving making it an ideal home office. One HVAC unit approx. 4-5 yrs old, 2nd unit approx. 8-9 yrs old. Home has been beautifully maintained.

Last Agent to Sell the Property

Max Shadle

Redfin Corporation License #SA578873000 Listed on: 01/13/2022

Redfin Corporation

Last Buyer's Agent

Eric Heil

Berkshire Hathaway HomeServices Arizona Properties License #SA564519000

Berkshire Hathaway HomeServices Arizona Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,978

Year Built

  • Built in 1992

Lot Details

  • 10,096 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $28 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,055 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Private Pool
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include ground maintenance
  • City Property Mngmt Association, Phone Number (602) 437-4777
  • Built by Watt Hancock
  • Promontory Lot 81 168 Tr A C Subdivision

Listing and Financial Details

  • Tax Lot 144
  • Assessor Parcel Number 168-05-182

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,978

Year Built

Built in 1992

Lot Details

0

HOA Fees

$28 per month

Parking

3

Listing Details

  • Cross Street: Shea and Tatum
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 27.5
  • Basement: N
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2014
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1992
  • Tax Year: 2021
  • Directions: Head east on Shea, south on 54th St, east on Cannon. Home is on south side of street.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.23
  • Subdivision Name: PROMONTORY LOT 81-168 TR A-C
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 330.0
  • 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 Family Rm: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, See Remarks, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3055.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:See Remarks2: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 330.0
  • Association Fee Frequency: Annually
  • Association Name: Promontory HOA
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Promontory HOA
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: City Property Mngmt
  • Association Fees:HOA Management Phone: 602-437-4777

Fee Information

  • Association Fee Includes: Maintenance Grounds

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: 10096.0
  • Parcel #: 168-05-182

Building Info

  • Builder Name: Watt Hancock

Tax Info

  • Tax Annual Amount: 4978.0
  • Tax Book Number: 168.00
  • Tax Lot: 144
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2023
Sold by
Asghar Ali and Hina Ali
Bought by
Ali And Hina Asghar Revocable Living Trust and Asghar
Current Estimated Value
$1,714,069

Purchase Details

Listed on
Jan 13, 2022
Closed on
Mar 16, 2022
Sold by
Randall Bain and Randall C
Bought by
Asghar Ali and Asghar Hina Ali
Seller's Agent
Max Shadle
Redfin Corporation
Buyer's Agent
Eric Heil
Berkshire Hathaway HomeServices Arizona Properties
List Price
$1,300,000
Sold Price
$1,480,000
Premium/Discount to List
$180,000
13.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$1,110,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Bain C Randall and Bain Anna
Bought by
Residences Anna and Residences Randall Bain Revocable

Purchase Details

Closed on
Apr 25, 2005
Sold by
Bain Anna and Randall Bain C
Bought by
Bain C Randall and Bain Anna

Purchase Details

Closed on
Dec 6, 2000
Sold by
Kempert Bert
Bought by
Bain C Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2000
Sold by
Kempfert Carla
Bought by
Kempfert Bert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1999
Sold by
Kempfert Robert E
Bought by
Kempfert Robert E and Kempfert Carla B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
7.82%

Purchase Details

Closed on
Dec 16, 1998
Sold by
Kempfert Carla B
Bought by
Kempfert Robert E
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
Ali And Hina Asghar Revocable Living Trust -- None Listed On Document
Asghar Ali $1,480,000 Security Title
Bain Anna -- Security Title
Residences Anna -- None Available
Bain C Randall -- --
Bain C Randall $485,000 Stewart Title & Trust
Kempfert Bert -- --
Kempfert Robert E -- Fiesta Title & Escrow Agency
Kempfert Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asghar Ali $1,110,000
Previous Owner Bain Ana $250,000
Previous Owner The Anna & Randall Bain Revocable Reside $500,000
Previous Owner Bain C Randall $188,500
Previous Owner Bain C Randall $200,000
Previous Owner Kempfert Robert E $151,000
Closed Kempfert Robert E $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,480,000 +13.8% $484 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $1,300,000 -- $426 / 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 $5,127 $72,860 -- --
2024 $5,012 $69,391 -- --
2023 $5,012 $93,270 $18,650 $74,620
2022 $4,782 $71,610 $14,320 $57,290
2021 $4,978 $65,670 $13,130 $52,540
2020 $4,896 $62,080 $12,410 $49,670
2019 $4,690 $59,550 $11,910 $47,640
2018 $4,487 $54,670 $10,930 $43,740
2017 $4,288 $53,710 $10,740 $42,970
2016 $4,162 $51,430 $10,280 $41,150
2015 $3,801 $48,820 $9,760 $39,060
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Max Shadle

    Redfin Corporation

    Max Shadle
    Section Image
  • Eric Heil

    Buyer's Agent in 2022

    Eric Heil

    Berkshire Hathaway HomeServices Arizona Properties

    (602) 370-6456

    19 in this area

    69 Total Sales

    Eric Heil
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6341520

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-05-182

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5503 E Cannon Dr, Paradise Valley, AZ

This home is located at 5503 E Cannon Dr, Paradise Valley, AZ 85253 since 13 January 2022 and is currently estimated at $1,714,069, approximately $561 per square foot. This property was built in 1992. 5503 E Cannon Dr 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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