$1,800,000
SOLD OCT 14, 2020

5676 E Cheney Dr Paradise Valley, AZ 85253

3 Beds
5.5 Baths
5,601 Sq Ft
1.51 Acres

Recently Sold

$321 Per Sq Ft

28% Below List Price

105 Days on Market

Highlights

  • Gated with Attendant
  • Heated Spa
  • Mountain View
  • Kiva Elementary School Rated A
  • 1.51 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of April 2022

Rarely does an opportunity become available to acquire a Salcito Custom Home from the original owners, on one of the highest home sites in Paradise Valley. Set behind guarded gates in the exclusive La Place du Sommet community, 5676 E. Cheney Dr. boasts breathtaking, panoramic views of Mummy Mountain, McDowell Mountains, Superstition Mountains and Four Peaks. You truly feel 'on top of the world'. Masterfully designed, the 5,601 sq ft residence is nestled on 1.5 acres with features that include: an infinity spa, wine/cellar room, elevator and air-conditioned 3 car garage. Located just minutes from the new Ritz-Carlton Resort, Scottsdale's finest dining and golf and priced well below replacement cost.

Last Agent to Sell the Property

Adrian Heyman

The Agency License #SA563670000 Listed on: 02/27/2020

The Agency

Last Buyer's Agent

Katina Samaras

Coldwell Banker Realty License #SA040006000

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,027

Year Built

  • Built in 1998

Lot Details

  • 1.51 Acre Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Heated Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Foam Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 5,601 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Two Way Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Solar Screens
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

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

Outdoor Features

  • Heated Spa
  • Balcony
  • Patio
  • Fire Pit
  • Built-In Barbecue

Schools

  • Kiva Elementary School
  • Mohave Middle School

Utilities

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

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 169-02-016-A

Community Details

Overview

  • Association fees include ground maintenance, (see remarks), street maintenance
  • Desert Realty Assoc Association, Phone Number (602) 861-5980
  • Built by Salcito
  • La Place Du Sommet Subdivision, Custom Floorplan

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,027

Year Built

Built in 1998

Lot Details

0

HOA Fees

$625 per month

Parking

3

Listing Details

  • Cross Street: Hummingbird Lane and Quartz Mountain Road
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 625.0
  • Basement: N
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2018
  • Updated Heating or Cooling Units: Partial
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2018
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2018
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1998
  • Spa Private: Yes
  • Tax Year: 2019
  • Directions: Scottsdale Road to Cheney Drive...West to Hummingbird Lane...Head up to Quartz Mountain Rd...Continue to the guard gate of La Place Du Sommet.
  • Master Model: Custom
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.51
  • Subdivision Name: LA PLACE DU SOMMET
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • Association Fees:HOA Fee2: 1875.0
  • 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
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Fireplace Features Two Way Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • Basement YN: No
  • Spa Features: None, Heated, Private
  • Appliances: Gas Cooktop, Water Purifier
  • Possible Bedrooms: 6
  • Total Bedrooms: 3
  • Fireplace Features: Fire Pit, 3+ Fireplace, Two Way Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Elevator, Soft Water Loop, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 5601.0
  • Stories: 2
  • Window Features: Skylight(s), Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:Media Room: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Other, Balcony, Private Street(s), Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Natural Desert Back, Auto Timer H2O Front, Natural Desert Front, Auto Timer H2O Back
  • Pool Features: None
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Stone, Block
  • Patio And Porch Features: Patio
  • Roof: Foam, Metal
  • Construction:Block: Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Attch'd Gar Cabinets, Temp Controlled
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Temp Controlled: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Other, See Remarks
  • Security: Fire Sprinkler System, Security System Owned, Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Guarded Entry
  • Association Fee: 1875.0
  • Association Fee Frequency: Quarterly
  • Association Name: Desert Realty Assoc
  • Phone: 602-861-5980
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Desert Realty Assoc
  • Association Fees:HOA Telephone4: 602-861-5980
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other (See Remarks), Street Maint

Schools

  • Elementary School: Kiva Elementary School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 65623.0
  • Parcel #: 169-02-016-A

Building Info

  • Builder Name: Salcito

Tax Info

  • Tax Annual Amount: 13027.0
  • Tax Book Number: 169.00
  • Tax Lot: 11
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Nugent Lamb John and Brooks Cynthia
Bought by
Lamb Family Living Trust

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 25, 2022
Sold by
Torino Holdings Llc
Bought by
Lamb John Nugent and Lamb Cynthia Books
Seller's Agent
Josh Peters
Realty ONE Group
Buyer's Agent
Tammy Seymour
Desert Dream Realty
List Price
$3,995,000
Sold Price
$3,625,000
Premium/Discount to List
-$370,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$2,718,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 23, 2020
Sold by
Hh Cheney Llc
Bought by
Torino Holdings Llc
Seller's Agent
Waseem Hamadeh
Venture REI, LLC
Buyer's Agent
Laken Bjelic
Key Select Real Estate
Sold Price
$23,000

Purchase Details

Listed on
Oct 22, 2020
Closed on
Oct 12, 2020
Sold by
Howard Nico D
Bought by
H H Cheney Llc
Seller's Agent
Waseem Hamadeh
Venture REI, LLC
Buyer's Agent
Laken Bjelic
Key Select Real Estate
Sold Price
$23,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.19%
Original Mortgage
$1,826,869
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 22, 2020
Closed on
Oct 9, 2020
Sold by
Jay Beskind and Jay Diana Beskind
Bought by
Howard Nico D
Seller's Agent
Waseem Hamadeh
Venture REI, LLC
Buyer's Agent
Laken Bjelic
Key Select Real Estate
Sold Price
$23,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,826,869
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 1995
Sold by
Southwest Land & Development Company Inc
Bought by
Beskind Jay and Beskind Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Warranty Deed $3,625,000 Premier Title
Special Warranty Deed $1,895,000 Premier Title Agency
Warranty Deed -- Premier Title Agency
Warranty Deed $1,800,000 Premier Title Agency
Corporate Deed $220,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,400,000 New Conventional
Previous Owner $2,718,000 New Conventional
Previous Owner $1,826,869 Commercial
Previous Owner $187,695 Unknown
Previous Owner $0 Undefined Multiple Amounts
Previous Owner $3,000,000 Stand Alone First
Previous Owner $170,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $5,000,000 +37.9% $840 / Sq Ft
04/26/2022 04/26/22 Sold $3,625,000 -9.3% $647 / Sq Ft
03/27/2022 03/27/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $3,995,000 0.0% $713 / Sq Ft
11/13/2020 11/13/20 Rented $23,000 +2.2% --
10/22/2020 10/22/20 For Rent $22,500 0.0% --
10/14/2020 10/14/20 Sold $1,800,000 -21.6% $321 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $2,295,000 -4.2% $410 / Sq Ft
05/07/2020 05/07/20 Price Changed $2,395,000 -4.0% $428 / Sq Ft
02/27/2020 02/27/20 For Sale $2,495,000 -- $445 / 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 $7,934 $145,165 -- --
2024 $11,777 $138,252 -- --
2023 $11,777 $232,530 $46,500 $186,030
2022 $11,273 $184,410 $36,880 $147,530
2021 $12,899 $179,500 $35,900 $143,600
2020 $13,493 $185,750 $37,150 $148,600
2019 $13,027 $171,400 $34,280 $137,120
2018 $15,084 $188,500 $37,700 $150,800
2017 $14,162 $190,460 $38,090 $152,370
2016 $14,181 $216,750 $43,350 $173,400
2015 $13,425 $216,750 $43,350 $173,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6042604

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-016A