NOT LISTED FOR SALE

5740 E Cheney Dr Unit 16 Paradise Valley, AZ 85253

Paradise Valley Area

Estimated Value: $622,000 - $811,000

1.88 Acres
$396,191 Price per Acre
81,893 Sq Ft Lot

Sale Details

Date Sold: July 30, 2021

Last sale price $485,000

Est. 54% increase in value since last sale

Current estimated payment $4,906 / mo

541 Days on Market

Highlights

  • Gated with Attendant
  • City Lights View
  • Hilly Lot
  • Kiva Elementary School Rated A
  • 1.88 Acre Lot

About This Lot

As of July 2021

Quite secluded neighborhood; in the heart of Maricopa county metroplex but 2 miles from the nearest stoplight; No traffic. Sounds of nature instead of man. Sun sets on the property 2 hours ahead of time. Superb build spot view: higher than the tallest building in downtown Phoenix; level with the neighbor properties; no-one can build higher on Mummy Mountain; 360 degree mountain views with views out to the McDowells, Four Peaks, Talking Sticks Resort, and the Superstitions which downslope lot 18 will not block. With hiking shoes, pants, gloves and an able body, you can climb to the build spot in 6 minutes. Landscaping path, marked by two small red flags was cut on the slope from the dirt pull-in at the upper bend of Cheney. Look at the ridge line to see the build spot orange cone.

Last Agent to Sell the Property

Jue Kraver

Gold Trust Realty License #SA556839000 Listed on: 07/16/2021

Last Buyer's Agent

John Kepple

Capital REI License #BR562201000

Capital REI

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,910

Lot Details

  • 1.88 Acre Lot
  • Hillside Location
  • Hilly Lot
  • Property is zoned R43

HOA Fees

  • $553 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 169-02-021-A

Community Details

Overview

  • La Place Du Sommet Association, Phone Number (602) 861-5980
  • La Place Du Sommet Lot 1 31 Tr A C Subdivision

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$2,910

Lot Details

1.88 Acres

HOA Fees

$553 per month

Listing Details

  • Cross Street: Hummingbird & Cheney
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Hillside
  • Zoning: R43
  • Tax Year: 2019
  • Horses: No
  • Lot Size Acres: 1.88
  • Road Surface Type: Asphalt, Private Street, Curb(s) & Gutter(s)
  • Subdivision Name: LA PLACE DU SOMMET LOT 1-31 TR A-C
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: None
  • Lot Features: City Light View(s), Mountain View(s), Gated Community, Guarded Entry
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1659.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: 6028615980
  • HOA Transfer Fee: 300.0
  • Association Fee: 1659.0
  • Association Fee Frequency: Quarterly
  • Association Name: La Place Du Sommet
  • Phone: 602-861-5980
  • Association: Yes

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 81939.0
  • Additional Parcels: No
  • Parcel #: 169-02-021-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2910.0
  • Tax Book Number: 169.00
  • Tax Lot: 16
  • Tax Map Number: 2.00

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

Listed on
Jul 16, 2021
Closed on
Jul 19, 2021
Sold by
Bought by
Seller's Agent
Jue Kraver
Gold Trust Realty
Buyer's Agent
John Kepple
Capital REI
List Price
$549,900
Sold Price
$485,000
Premium/Discount to List
-$64,900
-11.8%
Current Estimated Value
$744,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,840
Avg. Annual Appreciation
8.94%

Purchase Details

Closed on
Jul 11, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2004
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
$420,000
Interest Rate
0.0579%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1998
Sold by
Bought by
Source: Public Records
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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
$485,000 Old Republic Title Agency
$185,000 None Available
$525,000 Security Title Agency Inc
-- Security Title Agency
$230,000 First American Title
$1,851,000 Security Title Agency
$185,000 Security Title Agency
-- Security Title Agency
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 $420,000
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
07/30/2021 07/30/21 Sold $485,000 -11.8% --
07/16/2021 07/16/21 For Sale $549,900 0.0% --
07/16/2021 07/16/21 Price Changed $549,900 0.0% --
11/11/2019 11/11/19 For Sale $549,900 -- --
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 $3,155 $51,310 $51,310
2024 $2,975 $48,867 $48,867
2023 $2,975 $71,835 $71,835 $0
2022 $2,854 $69,375 $69,375 $0
2021 $3,034 $72,705 $72,705 $0
2020 $3,014 $70,455 $70,455 $0
2019 $2,910 $67,215 $67,215 $0
2018 $2,802 $73,440 $73,440 $0
2017 $2,692 $69,360 $69,360 $0
2016 $2,635 $57,360 $57,360 $0
2015 $2,667 $60,496 $60,496 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jue Kraver

    Gold Trust Realty

    (480) 228-8607

    9 Total Sales

    Jue Kraver
    Section Image
  • John Kepple

    Buyer's Agent in 2021

    John Kepple

    Capital REI

    (309) 282-1554

    17 Total Sales

    John Kepple
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6003617

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-021A

Arizona Maricopa County Paradise Valley 85253

5740 E Cheney Dr Unit 16, 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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