NOT LISTED FOR SALE

5520 E Palo Verde Dr Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $7,097,232 - $7,398,000

5 Beds
6 Baths
7,323 Sq Ft
$988/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $2,675,000 $365 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $40,733/month

5 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • Mountain View
  • Kiva Elementary School Rated A
  • 1.04 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of May 2015

Incredible Stone Canyon estate home with picturesque views of Camelback Mountain spanning across the Town of Paradise Valley to Mummy Mountain. The property has an open, bright floor plan where each room maximizes views. Luxurious amenities include spacious living room, gourmet kitchen with high end appliances opening to family room, butler’s pantry, private dining, breakfast nook, office and den off two guest suites. Features include coffered ceilings, slate and wood flooring. Guest casita features a kitchenette, living room and private bedroom. Oversized outdoor patio, grill, mature landscaping and separate pool and spa. Incredible entertaining home.

Last Agent to Sell the Property

Sandra Wilken

America One Luxury Real Estate License #BR015674000 Listed on: 04/15/2015

Co-Listed By

Serena Churosh

Compass License #BR106763000

Last Buyer's Agent

Christopher Karas

Compass License #SA555869000

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,579

Year Built

  • Built in 2000

Lot Details

  • 1.04 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 4 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 7,323 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Wood Frame Window
  • Family Room with Fireplace
  • 3 Fireplaces
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

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

Home Security

  • Security System Owned
  • Intercom

Accessible Home Design

  • Accessible Hallway
  • No Interior Steps

Pool

  • Heated Spa
  • Play Pool

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Purifier
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Mark McClanahan
  • Stone Canyon East Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 172-47-049

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,579

Year Built

Built in 2000

Lot Details

0

Parking

4

Listing Details

  • Cross Street: MCDONALD DRIVE AND 54TH STREET
  • 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
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2014
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2000
  • Spa Private: Yes
  • Tax Year: 2014
  • Directions: SOUTH ON 54TH ST. TO PALO VERDE. GO EAST TO PROPERTY.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.04
  • Co List Office Mls Id: swlp01
  • Co List Office Phone: 480-596-0001
  • Subdivision Name: STONE CANYON EAST
  • Architectural Style: Other
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop, Water Purifier
  • Other Equipment: Intercom
  • Accessibility Features: Accessible Hallway(s)
  • Possible Bedrooms: 7
  • Total Bedrooms: 5
  • Fireplace Features: 3+ Fireplace, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 7323.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane, Vinyl Frame, Wood Frames
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Heated, Private
  • View: City Light View(s), Mountain(s)
  • 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: 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:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Side Vehicle Entry
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Side Vehicle Entry: 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
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • 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 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

  • Horse Amenities: Other, See Remarks
  • Land Lease: No
  • Lot Size Sq Ft: 45298.0
  • Parcel #: 172-47-049

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Mark McClanahan

Tax Info

  • Tax Annual Amount: 14579.0
  • Tax Book Number: 172.00
  • Tax Lot: 4
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
May 13, 2015
Sold by
Nordstrom Cheryl H
Bought by
Praying Monk Llc
Seller's Agent
Sandra Wilken
America One Luxury Real Estate
Buyer's Agent
Christopher Karas
Compass
List Price
$2,795,000
Sold Price
$2,675,000
Premium/Discount to List
-$120,000
-4.29%
Current Estimated Value
$7,235,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,560,411
Avg. Annual Appreciation
9.96%

Purchase Details

Closed on
Feb 23, 2004
Sold by
Pm Homes Inc
Bought by
Nordstrom William D

Purchase Details

Closed on
Dec 30, 1998
Sold by
Ginsburg Howard
Bought by
Pm Homes Inc

Purchase Details

Closed on
Oct 7, 1996
Sold by
Shockman Rosemary
Bought by
Ginsburg Howard H

Purchase Details

Closed on
Sep 27, 1996
Sold by
Bank One Arizona Na
Bought by
Ginsburg Howard H
Source: Public Records

Range of Values:

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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
Praying Monk Llc $2,625,000 Fidelity Natl Title Agency
Nordstrom William D $2,625,000 Fidelity National Title
Pm Homes Inc $985,000 Fidelity Title
Ginsburg Howard H -- Fidelity Title
Ginsburg Howard H $420,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Praying Monk Llc $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $2,675,000 -4.3% $365 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
04/15/2015 04/15/15 For Sale $2,795,000 -- $382 / 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 $15,717 $315,469 -- --
2024 $18,290 $300,446 -- --
2023 $18,290 $403,250 $80,650 $322,600
2022 $17,545 $304,360 $60,870 $243,490
2021 $18,651 $284,950 $56,990 $227,960
2020 $18,532 $281,530 $56,300 $225,230
2019 $17,891 $278,710 $55,740 $222,970
2018 $17,227 $260,280 $52,050 $208,230
2017 $16,550 $230,700 $46,140 $184,560
2016 $16,204 $224,930 $44,980 $179,950
2015 $15,374 $224,930 $44,980 $179,950
Source: Public Records

Agents Affiliated with this Home

  • Sandra Wilken

    Seller's Agent in 2015

    Sandra Wilken

    America One Luxury Real Estate

    (480) 390-6050

    9 in this area

    63 Total Sales

    Sandra Wilken
    Section Image
  • Serena Churosh

    Seller Co-Listing Agent in 2015

    Serena Churosh

    Compass

    (480) 235-5600

    4 Total Sales

    Serena Churosh
    Section Image
  • Christopher Karas

    Buyer's Agent in 2015

    Christopher Karas

    Compass

    (602) 919-6511

    122 in this area

    310 Total Sales

    Christopher Karas
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5266207

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-47-049

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5520 E Palo Verde Dr, Paradise Valley, AZ

This home is located at 5520 E Palo Verde Dr, Paradise Valley, AZ 85253 since 15 April 2015 and is currently estimated at $7,235,411, approximately $988 per square foot. This property was built in 2000. 5520 E Palo Verde Dr is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro 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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