NOT LISTED FOR SALE

5553 E Stella Ln Paradise Valley, AZ 85253

Estimated Value: $2,088,000 - $2,794,000

3 Beds
3 Baths
2,502 Sq Ft
2,614 Sq Ft Lot Lot

Sale Details

Date Sold: March 4, 2022

Last sale price $2,162,500 $864 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $14,233 / mo

Highlights

  • Concierge
  • Golf Course Community
  • Gated with Attendant
  • Kiva Elementary School Rated A
  • Fitness Center
  • Mountain View

About This Home

As of October 2024

Enjoy this Luxury Rental with the Paradise Valley lock and leave lifestyle and all of the amenities of the world class resort of Mountain Shadows! Private single level, 3 bedroom, 3 bath highly customized living space complete with elegant finishes, Sub Zero/Wolf appliances, wine cellar, automated Lutron shades, indoor/outdoor living spaces each with a fireplace and TV. Relaxing owners suite w/ luxurious bath, and oversized walk-in closet. Two additional bedrooms with full baths are perfect for guests or home office. Resort amenities include the use of Mountain Shadows concierge service, pool, 4500sf fitness center, golf privileges, 5 Star dining, Tennis membership included for the Citizens Club(see docs). Minutes to Old Town & the Biltmore. Furnished available upon request.

Last Agent to Rent the Property

Maximilian Schopen De Melo

Local Luxury Christie's International Real Estate License #SA683590000 Listed on: 02/08/2024

Local Luxury Christie's International Real Estate

Last Renter's Agent

Tandon Pushpit

Real Broker License #SA687128000

Real Broker

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2019

Lot Details

  • 2,614

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Reflective Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 2,502 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Mountain Views
  • Smart Home

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Covered Patio or Porch
  • Desert faces the front of the property
  • Unit is below another unit

Listing and Financial Details

  • Property Available on 3/15/24
  • Rent includes repairs, rental tax
  • 12-Month Minimum Lease Term
  • Tax Lot 124
  • Assessor Parcel Number 169-30-225

Community Details

Overview

  • Property has a Home Owners Association
  • Mountain Shadows Association, Phone Number (602) 957-9191
  • Built by The New Home Company
  • Villas At Mountain Shadows 2 Condominiums 2 Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Additional Features

  • Concierge
  • Gated with Attendant

Condo Details

Home Type

Condominium

Year Built

Built in 2019

Lot Details

2,614 Sq Ft Lot

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: Repairs, Rental Tax
  • Available Date: 2024-03-15

Listing Details

  • Cross Street: Mountain Shadows Dr. and Lincoln
  • Legal Info Range: 4E
  • Property Type: Residential Lease
  • Basement: N
  • Cooling HVAC SEER Rating: 16
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2019
  • Rental Info H O A Name: Mountain Shadows
  • Non Assistive Animals: No
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.06
  • Subdivision Name: VILLAS AT MOUNTAIN SHADOWS 2 CONDOMINIUMS 2
  • Architectural Style: Other, Contemporary
  • Property Attached Yn: Yes
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water2: Yes
  • Fireplace Features Fireplace Living Rm2: Yes
  • Fireplace Features Gas Fireplace2: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Total Bedrooms: 3
  • Fireplace Features: Gas Fireplace, Fireplace Living Rm
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Granite Counters, Double Vanity, Breakfast Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2502.0
  • Stories: 2
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Community Features:Concierge: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Golf: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front, Gravel/Stone Front
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Above
  • Construction Type: Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Reflective Coating, Foam
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Central Air, Programmable Thmstat
  • Heating: ENERGY STAR Qualified Equipment, Electric
  • Laundry Features: Engy Star (See Rmks), Dryer Included, Inside, Washer Included
  • Security: Fire Sprinkler System, Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Community Features: Golf, Gated, Community Spa, Community Spa Htd, Community Pool, Guarded Entry, Concierge, Tennis Court(s), Fitness Center
  • Association Name: Mountain Shadows
  • Phone: 602-957-9191
  • Association: Yes
  • Pets Allowed: No

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

  • Lot Size Sq Ft: 2435.0
  • Parcel #: 169-30-225

Green Features

  • Green Water Conservation: Tankless Ht Wtr Heat

Building Info

  • Builder Name: The New Home Company

Tax Info

  • Tax Book Number: 169.00
  • Tax Lot: 124
  • Tax Map Number: 30.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2023
Sold by
Malhotra Rahul and Malhotra Yogiata
Bought by
Optima Rym Llc
Current Estimated Value
$2,569,076

Purchase Details

Listed on
Aug 15, 2021
Closed on
Feb 23, 2022
Sold by
Conrad And Julie Prusak Revocable Trust
Bought by
Malhotra Rahul and Malhotra Yogiata
Seller's Agent
Joyce Lynch
Russ Lyon Sotheby's International Realty
Buyer's Agent
Maximilian Schopen De Melo
Local Luxury Christie's International Real Estate
List Price
$2,300,000
Sold Price
$2,162,500
Premium/Discount to List
-$137,500
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$1,700,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2020
Sold by
Tnhc Mountain Shadows Llc
Bought by
Prusak Conrad Ernst and Prusak Julie Johnson
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Optima Rym Llc -- None Listed On Document
Malhotra Rahul $2,162,500 Premier Title
Prusak Conrad Ernst $1,489,409 First American Title Ins Co
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
Previous Owner Malhotra Rahul $1,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Rented $12,500 -4.6% --
09/10/2024 09/10/24 Under Contract -- -- --
03/06/2024 03/06/24 Price Changed $13,100 -6.4% $5 / Sq Ft
02/08/2024 02/08/24 For Rent $13,995 0.0% --
03/04/2022 03/04/22 Sold $2,162,500 -1.7% $864 / Sq Ft View Prior Sale
12/09/2021 12/09/21 Price Changed $2,200,000 -4.3% $879 / Sq Ft
07/16/2021 07/16/21 For Sale $2,300,000 -- $919 / 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 $6,387 $111,316 -- --
2024 $7,059 $106,015 -- --
2023 $7,059 $186,730 $37,340 $149,390
2022 $6,771 $141,410 $28,280 $113,130
2021 $7,759 $137,020 $27,400 $109,620
2020 $7,716 $146,250 $29,250 $117,000
2019 $427 $9,300 $9,300 $0
2018 $416 $8,040 $8,040 $0
2017 $767 $15,237 $15,237 $0
Source: Public Records

Agents Affiliated with this Home

  • Maximilian Schopen De Melo

    Landlord's Agent in 2024

    Maximilian Schopen De Melo

    Local Luxury Christie's International Real Estate

    (480) 907-9660

    23 in this area

    101 Total Sales

    Maximilian Schopen De Melo
    Section Image
  • Tandon Pushpit

    Tenant's Agent in 2024

    Tandon Pushpit

    Real Broker

    (623) 385-9451

    6 in this area

    28 Total Sales

    Tandon Pushpit
    Section Image
  • Joyce Lynch

    Seller's Agent in 2022

    Joyce Lynch

    Russ Lyon Sotheby's International Realty

    (602) 722-1668

    7 in this area

    49 Total Sales

    Joyce Lynch
    Section Image
  • Shane Ashcraft

    Seller Co-Listing Agent in 2022

    Shane Ashcraft

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    2 in this area

    58 Total Sales

    Shane Ashcraft
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6661109

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-30-225

Arizona Maricopa County Paradise Valley 85253

5553 E Stella Ln, Paradise Valley, AZ

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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