NOT LISTED FOR SALE

5532 E Sapphire Ln Unit 16 Paradise Valley, AZ 85253

Estimated Value: $3,446,000 - $7,198,000

1.01 Acres
$5,269,307 Price per Acre
43,996 Sq Ft Lot

Last Sold December 23, 2016

Last sale price $890,000

Est. 498% increase in value since last sale

Current estimated payment $29,534/month

63 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Shed
  • Cherokee Elementary School Rated A
  • No HOA
  • Wood Fence

About This Lot

As of December 2016

This wonderful FLAT NORTH/SOUTH LOT, with close up MUMMY MTN VIEWS, feels much larger than its 1 acre. Tall, mature trees offer an abundance of shade while cacti, mature foliage and 30 newly planted palms provide a feeling of privacy. Neighboring properties to the east are 5 acre estates, including a home 2 doors away that sold for over $10 million. This site is within very easy walking distance to Cherokee School. On the property there is a 2,200 sf home that the owner has shelled out and had just begun to remodel. Additionally there is an 800sf one room guest house intact and a large pool. The Property is on septic. According to PV sewer maps there is a sewer line that runs on the side of the lot. This Property is being sold ''as is''. Property is also listed under mls# 5507346 as residential

Last Agent to Sell the Property

Joan Levinson

Realty ONE Group License #SA020825000 Listed on: 07/25/2016

Last Buyer's Agent

Jason Easterly

My Home Group Real Estate License #SA573282000

My Home Group Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,620

Lot Details

  • 1.01 Acre Lot
  • Wood Fence
  • Block Wall Fence
  • Corner Lot

Schools

  • Cherokee Elementary School
  • Collier Elementary Middle School
  • Chaparral High School

Additional Features

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

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 168-65-009

Community Details

Overview

  • No Home Owners Association
  • Turquoise Hills Subdivision

Recreation

  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$3,620

Lot Details

0

Listing Details

  • Cross Street: Doubletree & 56th Street
  • Property Type: Land
  • Zoning: RESIDENTIAL
  • Tax Year: 2015
  • Directions: From Doubletree and 56th Street, South on 56th St to Sapphire Lane. West to property.
  • Lot Size Acres: 1.01
  • Road Surface Type: Asphalt
  • Subdivision Name: TURQUOISE HILLS
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block, Wood
  • Lot Features: Corner Lot, Dual Street Ftg, Mountain View(s), North/South Exp
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: Shed(s), 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
  • Middle Or Junior School: Collier Elementary School

Lot Info

  • Lot Size: 191 X 225
  • Horse Amenities: Other
  • Lot Size Sq Ft: 44142.0
  • Additional Parcels: No
  • Parcel #: 168-65-009
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3620.0
  • Tax Book Number: 168.00
  • Tax Lot: 16
  • Tax Map Number: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Welty Andrew and Kelly Jo
Bought by
Welty Family Living Trust and Welty
Current Estimated Value
$5,322,000

Purchase Details

Listed on
Jul 25, 2016
Closed on
Dec 19, 2016
Sold by
Shanti Bilal F
Bought by
Hamrick Welty Andrew and Hamrick Welty Kelly Jo
Seller's Agent
Joan Levinson
Realty ONE Group
Buyer's Agent
Jason Easterly
My Home Group Real Estate
List Price
$979,000
Sold Price
$890,000
Premium/Discount to List
-$89,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.56%

Purchase Details

Closed on
May 15, 2015
Sold by
Crookham John
Bought by
Shanti Bilal F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Welty Family Living Trust -- None Listed On Document
Hamrick Welty Andrew $890,000 Security Title Agency Inc
Shanti Bilal F $815,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shanti Bilal F $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2016 12/23/16 Sold $890,000 -9.1% --
09/26/2016 09/26/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $979,000 -- --
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 $14,485 $246,399 -- --
2024 $14,285 $234,666 -- --
2023 $14,285 $409,550 $81,910 $327,640
2022 $13,703 $335,170 $67,030 $268,140
2021 $14,567 $295,330 $59,060 $236,270
2020 $14,474 $275,800 $55,160 $220,640
2019 $10,146 $185,420 $37,080 $148,340
2018 $4,729 $67,410 $13,480 $53,930
2017 $4,543 $60,580 $12,110 $48,470
2016 $3,848 $57,130 $11,420 $45,710
2015 $3,620 $57,130 $11,420 $45,710
Source: Public Records

Agents Affiliated with this Home

  • Joan Levinson

    Seller's Agent in 2016

    Joan Levinson

    Realty One Group

    (480) 543-0006

    86 in this area

    123 Total Sales

    Joan Levinson
    Section Image

  • J

    Buyer's Agent in 2016

    Jason Easterly

    My Home Group

    (480) 315-1240

    Jason Easterly
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5475075

Arizona Regional Multiple Listing Service (ARMLS)

APN: 168-65-009

Arizona Maricopa County Paradise Valley 85253

5532 E Sapphire Ln Unit 16, Paradise Valley, AZ

This home is located at 5532 E Sapphire Ln Unit 16, Paradise Valley, AZ 85253 since 25 July 2016 and is currently estimated at $5,322,000. 5532 E Sapphire Ln Unit 16 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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