NOT LISTED FOR SALE

5506 E Morrison Ln Paradise Valley, AZ 85253

Estimated Value: $5,304,212 - $6,648,000

6 Beds
8 Baths
7,604 Sq Ft
$808/Sq Ft Est. Value

Last Sold March 17, 2016

Last sale price $2,200,000 $289 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $32,978/month

52 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • Fireplace in Primary Bedroom
  • Kiva Elementary School Rated A
  • City Lights View
  • Contemporary Architecture

About This Home

As of March 2016

Located in a private enclave high on the sought-after west slope of Mummy Mountain, this wonderfully eclectic home provides panoramic views, dramatic architecture and flexible spaces to celebrate an indoor-outdoor lifestyle. In addition to the complete 2011-2012 remodel, the current owner has invested over $500,000 and added 3 baths, wide plank wood floors, contemporary iron railing, refurbished pool, home automation, LED lights and 7 banks of accordion glass doors opening up to multiple patios and balconies. Main house has luxurious master wing and 4 additional en suite bedrooms with den. Guest house with full kitchen and additional bedroom. Extensive outdoor patios, 72” Bar-B-Q , fire pit, pool and water feature cascading down a natural rock outcropping. Private gated motor court and 6 car garage. See "documents" tab for further details. Square footage of Guest House is included in overall square footage.

Last Agent to Sell the Property

Susan Fishman

Russ Lyon Sotheby's International Realty License #SA534692000 Listed on: 01/12/2016

Russ Lyon Sotheby's International Realty

Co-Listed By

Olivia Quist

Russ Lyon Sotheby's International Realty License #BR007345000

Last Buyer's Agent

James Wexler

Jason Mitchell Real Estate License #BR558910000

Jason Mitchell Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,352

Year Built

  • Built in 1988

Lot Details

  • 1.01 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 6 Car Direct Access Garage
  • 10 Open Parking Spaces
  • Tandem Garage
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 7,604 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Play Pool
  • Pool Pump

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Guest House

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Phil Smith
  • El Dorado Estates Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 169-06-058

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,352

Year Built

Built in 1988

Lot Details

1.01 Acres

Parking

6

Listing Details

  • Cross Street: Tatum and Road Runner
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 10.0
  • Parking Spaces Total Covered Spaces: 6.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1988
  • Spa Private: Yes
  • Tax Year: 2015
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.01
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: EL DORADO ESTATES
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 289.32
  • Dining Area:Breakfast Bar: 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
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Stone, Tile, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Gas
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Bidet, Separate Shwr & Tub, Tub with Jets
  • Living Area: 7604.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Private Yard, Built-in Barbecue
  • Lot Features: North/South Exposure, Hillside Lot, Sprinklers In Rear, Sprinklers In Front, Desert Front, Natural Desert Back, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Variable Speed Pump, Play Pool, Heated
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: 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:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Tandem Garage, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Open Parking Spaces: 10.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43998.0
  • Parcel #: 169-06-058

Building Info

  • Builder Name: Phil Smith

Tax Info

  • Tax Annual Amount: 11352.0
  • Tax Book Number: 169.00
  • Tax Lot: 7
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2016
Closed on
Mar 14, 2016
Sold by
Rosen Hal D
Bought by
Pryor Jami and Pryor Fred H
Seller's Agent
Susan Fishman
Russ Lyon Sotheby's International Realty
Buyer's Agent
James Wexler
Jason Mitchell Real Estate
List Price
$2,395,000
Sold Price
$2,200,000
Premium/Discount to List
-$195,000
-8.14%
Current Estimated Value
$6,141,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,941,737
Avg. Annual Appreciation
10.80%

Purchase Details

Listed on
Jul 7, 2011
Closed on
Mar 26, 2012
Sold by
Cj Sterling Contracting Llc
Bought by
Rosen Hal D
Seller's Agent
Cyler Groseth
DPR Realty LLC
Buyer's Agent
Susan Fishman
Russ Lyon Sotheby's International Realty
List Price
$1,690,000
Sold Price
$1,480,000
Premium/Discount to List
-$210,000
-12.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$1,110,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2011
Sold by
Haytcher Karl D
Bought by
Cj Sterling Constracting Llc

Purchase Details

Closed on
Mar 27, 2007
Sold by
Tyson Michael G
Bought by
Oppenheimer Partners Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,754,250
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2005
Sold by
Bojalad Richard
Bought by
Tyson Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Pryor Jami $2,200,000 Lawyers Title Of Arizona Inc
Rosen Hal D $1,480,000 Grand Canyon Title Agency In
Cj Sterling Constracting Llc $1,089,413 Accommodation
Oppenheimer Partners Properties Llp $2,339,000 Camelback Title Agency Llc
Tyson Michael G $2,100,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosen Hal D $1,110,000
Previous Owner Oppenheimer Partners Properties Llp $1,754,250
Previous Owner Tyson Michael G $1,470,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2016 03/17/16 Sold $2,200,000 -8.1% $289 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $2,395,000 +61.8% $315 / Sq Ft
04/06/2012 04/06/12 Sold $1,480,000 -12.4% $189 / Sq Ft View Prior Sale
04/02/2012 04/02/12 Price Changed $1,690,000 0.0% $215 / Sq Ft
03/23/2012 03/23/12 For Sale $1,690,000 0.0% $215 / Sq Ft
03/23/2012 03/23/12 Price Changed $1,690,000 0.0% $215 / Sq Ft
02/14/2012 02/14/12 Pending -- -- --
02/07/2012 02/07/12 Price Changed $1,690,000 -3.4% $215 / Sq Ft
02/01/2012 02/01/12 Price Changed $1,750,000 -1.7% $223 / Sq Ft
01/16/2012 01/16/12 Price Changed $1,780,000 -0.6% $227 / Sq Ft
01/05/2012 01/05/12 Price Changed $1,790,000 -0.4% $228 / Sq Ft
10/20/2011 10/20/11 Price Changed $1,798,000 -10.0% $229 / Sq Ft
09/08/2011 09/08/11 Price Changed $1,998,000 -9.2% $255 / Sq Ft
08/29/2011 08/29/11 Price Changed $2,200,000 -6.4% $280 / Sq Ft
08/15/2011 08/15/11 Price Changed $2,350,000 -5.8% $299 / Sq Ft
07/29/2011 07/29/11 Price Changed $2,495,000 -9.3% $318 / Sq Ft
07/07/2011 07/07/11 For Sale $2,750,000 -- $350 / 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 $12,257 $226,547 -- --
2024 $13,134 $215,759 -- --
2023 $13,134 $238,000 $47,600 $190,400
2022 $12,599 $195,700 $39,140 $156,560
2021 $13,565 $188,770 $37,750 $151,020
2020 $14,249 $192,080 $38,410 $153,670
2019 $13,756 $188,170 $37,630 $150,540
2018 $13,246 $172,380 $34,470 $137,910
2017 $12,866 $171,110 $34,220 $136,890
2016 $12,597 $169,050 $33,810 $135,240
2015 $11,352 $169,050 $33,810 $135,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5382245

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-06-058

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