Seller's Agent in 2024
Julie Rohr
RETSY
(602) 317-5667
22 in this area
91 Total Sales
5516 E Morrison Ln Paradise Valley, AZ 85253
Estimated Value: $6,872,000 - $8,435,000
5
Beds
8
Baths
8,074
Sq Ft
$928/Sq Ft
Est. Value
Highlights
- Guest House
- Heated Spa
- Fireplace in Primary Bedroom
- Kiva Elementary School Rated A
- Mountain View
- Vaulted Ceiling
About This Home
As of June 2024An authentic Italian villa-style home in Paradise Valley stands as a masterpiece of architecture and design. This majestic property, nestled in the heart of the Sonoran Desert, harmoniously blends classic Italian elegance with the distinctive desert landscape. The home's exterior, characterized by rustic stone facades and terracotta roof tiles, evokes the timeless charm of Tuscany. Verdant gardens with native plants, cypress trees and cascading bougainvillea surround the home, creating a serene oasis. As one enters through the private wrought-iron gates, a beautiful stone driveway leads to the grand motor court arrival experience. The foyer opens to an expansive living space with high, coffered and beamed ceilings. Oversized custom windows and doors leading to multiple covered patio and balcony spaces ensure great natural light and seamless indoor to outdoor living throughout this residence. The heart of the home is the gourmet kitchen, equipped with very high-end appliances, custom cabinetry and a large island, perfect for entertaining. An adjoining family room with grand fireplace offers a cozy retreat. The residence boasts multiple bedrooms, each with en-suite bathrooms featuring highly detailed fixtures and finishes, recalling the luxury of Italian design. The property includes a serene infinity pool, blending seamlessly with the horizon, and a plethora of gardens and mature trees, providing both privacy and a connection to nature. This amazing residence is more than just a home;; it's a piece of art, offering an unparalleled blend of luxury, comfort and the beauty of the Arizona landscape.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,543
Year Built
- Built in 2000
Lot Details
- 1.01 Acre Lot
- Desert faces the front of the property
- Cul-De-Sac
- Block Wall Fence
- Artificial Turf
- Front and Back Yard Sprinklers
- Sprinklers on Timer
- Private Yard
Parking
- 4 Car Direct Access Garage
- 8 Open Parking Spaces
- Garage ceiling height seven feet or more
- Heated Garage
- Side or Rear Entrance to Parking
- Garage Door Opener
- Circular Driveway
Home Design
- Santa Barbara Architecture
- Spanish Architecture
- Tile Roof
- Stucco
Interior Spaces
- 8,074 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Gas Fireplace
- Double Pane Windows
- Low Emissivity Windows
- Mechanical Sun Shade
- Wood Frame Window
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Mountain Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Cooktop
- Built-In Microwave
- Kitchen Island
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Primary Bathroom is a Full Bathroom
- 8 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Home Security
- Security System Owned
- Smart Home
Pool
- Heated Spa
- Heated Pool
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Fireplace
- Built-In Barbecue
Schools
- Kiva Elementary School
- Mohave Middle School
- Saguaro High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Water Purifier
- High Speed Internet
Additional Features
- Remote Devices
- Guest House
Community Details
- No Home Owners Association
- Association fees include no fees
- Built by Dave Hansen
- El Dorado Estates Subdivision
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 169-06-057
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2023
Closed on
Jun 12, 2024
Sold by
Carl B Anderson Iii 1997 Trust and Anderson Carl B
Bought by
Jennifer S Cohen Revocable Trust and Cohen
Seller's Agent
Julie Rohr
RETSY
Buyer's Agent
Christopher Karas
Compass
List Price
$8,850,000
Sold Price
$7,300,000
Premium/Discount to List
-$1,550,000
-17.51%
Views
129
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,721
Avg. Annual Appreciation
2.75%
Purchase Details
Closed on
Jan 22, 2007
Sold by
Anderson Carl B
Bought by
Anderson Carl B and The Carl B Anderson Iii 1997 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 14, 2003
Sold by
Anderson Carl B
Bought by
Anderson Carl B and Carl B Anderson Iii 1997 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.85%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 22, 1997
Sold by
Cfc Ltd Partnership
Bought by
Anderson Carl B and Carl B Anderson Iii 1997 Trust
Purchase Details
Closed on
Feb 16, 1994
Sold by
Anchor Gerald L and Anchor Hazel M
Bought by
Cfc Ltd Partnership
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jennifer S Cohen Revocable Trust | $7,300,000 | Wfg National Title Insurance C | |
| Carl B Anderson Iii 1997 Trust | -- | Wfg National Title Insurance C | |
| Anderson Carl B | -- | Chicago Title Insurance Co | |
| Anderson Carl B | -- | Chicago Title Insurance Co | |
| Anderson Carl B | -- | Chicago Title Insurance Co | |
| Anderson Carl B | -- | Chicago Title Insurance Co | |
| Anderson Carl B | -- | Chicago Title Insurance Co | |
| Anderson Carl B | $398,900 | Capital Title Agency | |
| Cfc Ltd Partnership | -- | Capital Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Anderson Carl B | $1,000,000 | |
| Previous Owner | Anderson Carl B | $350,000 | |
| Previous Owner | Anderson Carl B | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2024 06/12/24 | Sold | $7,300,000 | -8.2% | $904 / Sq Ft |
| 04/23/2024 04/23/24 | Pending | -- | -- | -- |
| 04/15/2024 04/15/24 | Price Changed | $7,950,000 | -5.9% | $985 / Sq Ft |
| 03/26/2024 03/26/24 | Price Changed | $8,450,000 | -4.5% | $1,047 / Sq Ft |
| 10/05/2023 10/05/23 | For Sale | $8,850,000 | -- | $1,096 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $16,007 | $272,291 | -- | -- |
| 2024 | $15,186 | $259,325 | -- | -- |
| 2023 | $15,186 | $309,510 | $61,900 | $247,610 |
| 2022 | $14,543 | $259,350 | $51,870 | $207,480 |
| 2021 | $15,498 | $244,950 | $48,990 | $195,960 |
| 2020 | $15,395 | $242,630 | $48,520 | $194,110 |
| 2019 | $14,843 | $227,420 | $45,480 | $181,940 |
| 2018 | $14,269 | $214,410 | $42,880 | $171,530 |
| 2017 | $13,685 | $196,820 | $39,360 | $157,460 |
| 2016 | $13,386 | $197,780 | $39,550 | $158,230 |
| 2015 | $12,670 | $197,780 | $39,550 | $158,230 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Rohr
-
Libby Cohen
Seller Co-Listing Agent in 2024
Libby Cohen
RETSY
(602) 291-1446
32 in this area
139 Total Sales
-
Christopher Karas
Buyer's Agent in 2024
Christopher Karas
Compass
(602) 919-6511
111 in this area
310 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6611750
APN: 169-06-057
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.
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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