NOT LISTED FOR SALE

5531 E Orchid Ln Unit 2 Paradise Valley, AZ 85253

Estimated Value: $2,713,000 - $3,889,000

1.06 Acres
$3,144,216 Price per Acre
46,174 Sq Ft Lot

Sale Details

Date Sold: August 5, 2024

Last sale price $3,000,000

Est. 9% increase in value since last sale

Current estimated payment $18,109 / mo

8 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Level Lot
  • Cherokee Elementary School Rated A

About This Lot

As of August 2024

Flat 1.063 acre North/South parcel in the heart of Paradise Valley with a South facing backyard that offers amazing Mummy Mountain views. Ideal opportunity for new owner / builder to design a new home that captures very hard to replace views of Mummy Mountain on a lot located with ideal access to the heart of Paradise Valley. Home is 1 block away from Cherokee Elementary school and easily accessible to all of Metro Phoenix, Hwy 101, Old Town Scottsdale, etc.

Last Agent to Sell the Property

Jon Mirmelli

My Home Group Real Estate License #SA556608000 Listed on: 07/08/2024

My Home Group Real Estate

Co-Listed By

Rebecca Ponte

My Home Group Real Estate License #BR024053000

Last Buyer's Agent

David Widerhorn

eXp Realty License #SA684610000

eXp Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,479

Lot Details

  • 1.06 Acre Lot
  • Level Lot
  • Property is zoned R-43

Schools

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

Additional Features

  • Mountain Views
  • North or South Exposure
  • Residence on Property

Community Details

  • No Home Owners Association
  • Mockingbird Lane Estates 5 Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 168-56-003

Property Details

Property Type

Land

Est. Annual Taxes

$4,479

Lot Details

1.06 Acres

Listing Details

  • Cross Street: Mockingbird & 56th Street
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Other
  • Topography: Level
  • Zoning: R-43
  • Tax Year: 2023
  • Horses: No
  • Lot Size Acres: 1.06
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg02
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: MOCKINGBIRD LANE ESTATES 5
  • View:Mountain View(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: North/South Exp
  • View: Mountain(s)
  • Disclosures: None
  • Other Structures: Other, Residence

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

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

  • Lot Size: Irregular
  • Lot Size Sq Ft: 46320.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 168-56-003

Tax Info

  • Tax Annual Amount: 4479.0
  • Tax Book Number: 168.00
  • Tax Lot: 2
  • Tax Map Number: 56.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2025
Sold by
Bought by
Current Estimated Value
$3,269,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
0.0635%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 6, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
0.0674%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2024
Closed on
Aug 5, 2024
Sold by
Bought by
Seller's Agent
Jon Mirmelli
My Home Group Real Estate
Buyer's Agent
David Widerhorn
eXp Realty
List Price
$2,950,000
Sold Price
$3,000,000
Premium/Discount to List
$50,000
1.69%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,600,000
Interest Rate
0.0687%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2007
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,680,000 Premier Title Agency
-- Title Services Of The Valley
$3,000,000 First American Title Insurance
-- Chicago Title
-- --
-- Security Title Agency
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $6,000,000
Closed $2,100,000
Closed $1,600,000
Closed $372,000
Closed $403,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/05/2024 08/05/24 Sold $3,000,000 +1.7% --
07/18/2024 07/18/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $2,950,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,387 $87,602 -- --
2024 $4,479 $83,430 -- --
2023 $4,479 $114,480 $22,890 $91,590
2022 $4,272 $79,420 $15,880 $63,540
2021 $4,579 $72,070 $14,410 $57,660
2020 $4,855 $72,760 $14,550 $58,210
2019 $4,819 $71,530 $14,300 $57,230
2018 $4,618 $70,870 $14,170 $56,700
2017 $4,413 $68,180 $13,630 $54,550
2016 $4,914 $76,070 $15,210 $60,860
2015 $4,632 $76,070 $15,210 $60,860
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6728676

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-56-003

Your Personal Tour Guide

Ask me questions while you tour the home.