NOT LISTED FOR SALE

Estimated Value: $3,371,000 - $5,189,000

5 Beds
4.5 Baths
5,645 Sq Ft
$776/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $2,474,500 $438 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $24,525/month

100 Days on Market

Highlights

  • Guest House
  • Gated with Attendant
  • City Lights View
  • Kiva Elementary School Rated A
  • Heated Spa
  • 0.99 Acre Lot

About This Home

As of March 2021

Private Estate Nestled on the North Side of Mummy Mountain with Amazing Eastern Views of Paradise Valley, Scottsdale, McDowell Mountain, and the Superstition Mountains. Set in the Exclusive Guard Gated Community of La Place Du Sommet, this Home will make you feel you Live on Top of the World! The Home features a recently Updated Chefs Kitchen, 9-17 Foot Ceilings, Calcutta Marble Flooring, and an Attached Guest House with a Full Kitchen, Full Bathroom, Patio and Garage Access. One of the Main House Bedrooms has a Separate Entrance, which is perfect for a Private Den. Low Maintenance Natural Desert Landscaping makes this a Great Home for a Lock and Leave Lifestyle. Priced $70,500 Below October 2, 2020 Appraisal. This is a Perfect Desert Mountain Retreat, with all the Benefits of the City!!!

Last Agent to Sell the Property

Lee Fisher

L.A. Fisher Real Estate Investment Company License #BR025249000 Listed on: 10/25/2020

Last Buyer's Agent

Mike Razi

Realty One Scottsdale LLC License #BR041008000

Realty One Scottsdale LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,098

Year Built

  • Built in 1997

Lot Details

  • 0.99 Acre Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Sprinklers on Timer
  • Private Yard

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Home Design

  • Contemporary Architecture
  • Santa Barbara Architecture
  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 5,645 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 2 Fireplaces
  • Two Way Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Mechanical Sun Shade
  • Solar Screens

Kitchen

  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Heated Spa
  • Private Pool
  • Above Ground Spa

Outdoor Features

  • Balcony
  • Covered patio or porch

Additional Homes

  • Guest House

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 169-02-036

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Desert Realty Mgmt. Association, Phone Number (602) 861-5980
  • La Place Du Sommet Lots 1 Through 31 & Tract A Th Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,098

Year Built

Built in 1997

Lot Details

0

HOA Fees

$625 per month

Parking

3

Listing Details

  • Cross Street: Scottsdale Road and Cheney Drive
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 625.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2018
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2018
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Spa Private: Yes
  • Tax Year: 2020
  • Directions: West on Cheney Drive to Hummingbird Lane. Left (South) on Hummingbird Ln to Quartz Mountain Road. Right on Quartz Mountain to Guard Gate. Go past Guard Gate (stay left) and Home will be on the Right
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.99
  • Subdivision Name: LA PLACE DU SOMMET LOTS 1 THROUGH 31 & TRACT A TH
  • Architectural Style: Contemporary, Spanish, Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 1875.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Stone, Tile
  • Basement YN: No
  • Spa Features: Above Ground, Heated, Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: 2 Fireplace, Two Way Fireplace, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: 9+ Flat Ceilings, Central Vacuum, Wet Bar, Kitchen Island, Pantry, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 5645.0
  • Stories: 1
  • Window Features: Sunscreen(s), Dual Pane, Mechanical Sun Shds
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • Fireplace:Two Way Fireplace: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio, Private Street(s), Private Yard
  • Lot Features: Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Other Structures: Guest House
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Electric Door Opener, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Separate Strge Area: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Natural Gas
  • Security: Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water, Pvt Water Company
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Guarded Entry
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 1875.0
  • Association Fee Frequency: Quarterly
  • Association Name: La Place Du Sommet
  • Phone: 602-861-5980
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: La Place Du Sommet
  • Association Fees:HOA Telephone4: 602-861-5980
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 0.5
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Desert Realty Mgmt.
  • Association Fees:HOA Management Phone: 602-861-5980
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

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

  • Land Lease: No
  • Lot Size Sq Ft: 43065.0
  • Parcel #: 169-02-036
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 9098.0
  • Tax Book Number: 169.00
  • Tax Lot: 31
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2021
Sold by
Karbassi Family Trust and Karbassi Masoud
Bought by
Karbassi Masoud and Karbassi Laden
Total Days on Market
100
Current Estimated Value
$4,378,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$365,040
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,013,417

Purchase Details

Listed on
Oct 25, 2020
Closed on
Mar 9, 2021
Sold by
National Residential Nominee Svcs Inc
Bought by
Karbassi Masoud and Karbassi Laden
Seller's Agent
Lee Fisher
L.A. Fisher Real Estate Investment Company
Buyer's Agent
Mike Razi
Realty One Scottsdale LLC
List Price
$2,499,500
Sold Price
$2,474,500
Premium/Discount to List
-$25,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%

Purchase Details

Closed on
Oct 17, 2020
Sold by
Cunningham Marvin W and Cunningham Jodi L
Bought by
National Residential Nominee Svcs Inc

Purchase Details

Closed on
Mar 31, 2020
Sold by
Cunningham Marvin W and Cunningham Jodi L
Bought by
Cunningham Marvin W and Cunningham Jodi L

Purchase Details

Listed on
Apr 6, 2017
Closed on
Sep 6, 2017
Sold by
Estrada Martha C
Bought by
Cunningham Marvin W and Cunningham Jodi L
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Lee Fisher
L.A. Fisher Real Estate Investment Company
List Price
$1,995,000
Sold Price
$1,850,000
Premium/Discount to List
-$145,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$975,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2013
Closed on
Jun 5, 2014
Sold by
Lederer Gerald Allen and Estrada Martha C
Bought by
Estrada Martha C
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Thomas Osterman
Realty Executives
List Price
$2,450,000
Sold Price
$1,820,000
Premium/Discount to List
-$630,000
-25.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.51%
Original Mortgage
$1,365,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2006
Sold by
Bean Margaret C
Bought by
Bean Margaret C and Bean Jeffrey W

Purchase Details

Closed on
Apr 30, 2006
Sold by
Bean Margaret C and Bean Jeffrey W
Bought by
Bean Margaret C

Purchase Details

Closed on
Nov 4, 1998
Sold by
Colonial Holdings Inc
Bought by
Bean Robert W and Bean Margaret C

Purchase Details

Closed on
Dec 21, 1994
Sold by
Southwest Land & Development Company Inc
Bought by
Colonial Holdings Inc
Source: Public Records

Similar Homes in Paradise Valley, AZ

  • 7014 E Palo Verde Ln, Paradise Valley, AZ 85253

    $4,500,000

    • 5 Beds
    • 4 Baths
    • 6,046 Sq Ft
    • 7014 E Palo Verde Ln
    • Paradise Valley, AZ

    Welcome to 7014 E Palo Verde Ln! This exceptional property is located in the heart of Paradise Valley - a picturesque town known for its beauty, tranquility, and relaxed lifestyle. The single-story property has been renovated and offers over 6,046 sqft of inspired living space on .855 acres of land. The charming modern ranch-style home is adorned with exterior brick, black board and batten

    Cariste Harlan W and Partners, LLC

    Section Image
  • 6129 E Turquoise Ave, Paradise Valley, AZ 85253

    $4,700,000

    • 4 Beds
    • 5 Baths
    • 5,100 Sq Ft
    • 6129 E Turquoise Ave
    • Paradise Valley, AZ

    Modern one story soft contemporary. Entering the home enjoy an airy feel with high ceilings and views of the beautiful backyard. Open kitchen with top of the line Thermador appliances, two dishwashers, double ovens and wine refrigerator. Four bedroom, split setup features separate sitting area for guest wing. Large master suite. Backyard oasis has numerous palm trees, beautiful pool and

    Tom Bodmer HomeSmart

    Section Image
  • 6718 E Caron Dr, Paradise Valley, AZ 85253

    $4,850,000

    • 6 Beds
    • 6 Baths
    • 6,117 Sq Ft
    • 6718 E Caron Dr
    • Paradise Valley, AZ

    Absolutely stunning updated property showcasing endless on-trend features and an incredible resort-style backyard. Situated on a premium 1.4-acre corner lot, this single-level home boasts a governor's drive and lush landscaping that offers exceptional curb appeal. The unmatched backyard oasis includes an extended covered patio with ceiling fans, a sparkling pool and spa with outdoor shower,

    Jeffrey Sibbach eXp Realty

    Section Image
  • 5301 E Paradise Canyon Rd, Paradise Valley, AZ 85253

    $5,250,000

    • 5 Beds
    • 5.5 Baths
    • 6,580 Sq Ft
    • 5301 E Paradise Canyon Rd
    • Paradise Valley, AZ

    JUST REDUCED AND PRICED TO SELL!!Listed now over a million under appraised value.This recently updated 6,580-square-foot estate the very best that Paradise Valley has to offer.The gourmet kitchen features high-end appliances,custom cabinetry, and a spacious island, complemented by a convenient butler's pantry.The open-concept great room offers sweeping mountain views, perfect for entertaining.The

    Kory Gilliland Ironwood Fine Properties

    Section Image
  • 5254 E Arroyo Rd, Paradise Valley, AZ 85253

    $5,475,000

    • 5 Beds
    • 5.5 Baths
    • 6,096 Sq Ft
    • 5254 E Arroyo Rd
    • Paradise Valley, AZ

    Step into this private retreat, perched on one of the highest lots on Mummy Mountain, and take in breathtaking, bird's-eye views of the valley. This stunning estate offers ultimate privacy, enhanced by meticulously curated landscaping that creates a true oasis. Enjoy uninterrupted, panoramic vistas of Camelback Mountain, stretching all the way to the twinkling city lights of Downtown Phoenix.

    Beth Jo Zeitzer R.O.I. Properties

    Section Image
  • 5301 E Roadrunner Rd, Paradise Valley, AZ 85253

    $5,500,000

    • 4 Beds
    • 4.5 Baths
    • 6,210 Sq Ft
    • 5301 E Roadrunner Rd
    • Paradise Valley, AZ

    Nestled in the western slopes of Mummy Mountain, this elegant estate offers a perfect blend of luxury and comfort. Situated on a coveted acre lot in the prestigious Paradise Canyon Foothills, this home is an entertainer's dream. The grand courtyard entry sets the tone for what awaits inside. With an open concept living spaces that flow effortlessly, enhanced by retractable glass doors that

    Scott Grigg Griggs's Group Powered by The Altman Brothers

    Section Image
  • 7838 N 54th Place, Paradise Valley, AZ 85253

    $4,300,000

    • 4 Beds
    • 4.5 Baths
    • 4,661 Sq Ft
    • 7838 N 54th Place
    • Paradise Valley, AZ

    SELLER TO CONTRIBUTE $100,000 AT CLOSING TOWARDS BUYER'S RATE BUY-DOWN/CLOSING COSTS WITH AN ACCEPTABLE OFFER. Santa Barbara inspired Paradise Valley retreattucked away on a quiet cul-de-sac in the foothills of Mummy Mountain, This stunning estate sits on just under an acre and offers 4,661 sq ft of living space. 4 bedrooms, an executive office, and 4.5 baths. Timeless elegance with modern

    Jill Yancey HomeSmart

    Section Image
  • 8031 N 54th St, Paradise Valley, AZ 85253

    $4,200,000

    • 5 Beds
    • 5 Baths
    • 5,368 Sq Ft
    • 8031 N 54th St
    • Paradise Valley, AZ

    INCREDIBLE OPPORTUNITY - INCOME GENERATING! Currently in use as short term rental. A ''Guest Favorite'' w/ 4.88 stars! Can offset costs while designing and permitting your new home! Stretched over 1.72 acres in the heart of Paradise Valley, this 5-bed, 6-bath, 5,368 sq ft distinctive red brick residence borders the Paradise Valley Mountain Preserve and boasts exceptional privacy and what feels

    Joan Levinson Realty ONE Group

    Section Image
  • 5434 E Lincoln Dr Unit 78, Paradise Valley, AZ 85253

    $3,850,000

    • 4 Beds
    • 4 Baths
    • 3,445 Sq Ft
    • 5434 E Lincoln Dr
    • Unit 78
    • Paradise Valley, AZ

    Experience ultimate seclusion in this upgraded home located in Guard Gated Colonia Miramonte. Nestled in a private location, this 4 bedroom, 4 bath home which includes two detached casita both with en suites, offers breathtaking views of both Camelback and Mummy Mountains. Enjoy seamless indoor-outdoor living with floor to ceiling glass walls that fill the home with natural light. This home

    Jeffrey Gray Russ Lyon Sotheby's International Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Buyer Sale Price Title Company
Karbassi Masoud -- American Title Company
Karbassi Masoud $2,474,500 Chicago Title Agency Inc
National Residential Nominee Svcs Inc -- Stewart Title
Cunningham Marvin W -- None Available
Cunningham Marvin W $1,850,000 Fidelity National Title Agen
Estrada Martha C -- Great American Title Agency
Estrada Martha C $1,820,000 Great American Title Agency
Bean Margaret C -- None Available
Bean Margaret C -- None Available
Bean Robert W $1,550,000 First American Title
Colonial Holdings Inc $180,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karbassi Masoud $400,000
Previous Owner Cunningham Marvin $400,000
Previous Owner Cunningham Marvin W $975,000
Previous Owner Estrada Martha C $1,348,250
Previous Owner Estrada Martha C $1,365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $2,474,500 0.0% $438 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
12/11/2020 12/11/20 Price Changed $2,474,500 -1.0% $438 / Sq Ft
10/25/2020 10/25/20 For Sale $2,499,500 +35.1% $443 / Sq Ft
09/12/2017 09/12/17 Sold $1,850,000 -7.3% $334 / Sq Ft
04/05/2017 04/05/17 For Sale $1,995,000 +9.6% $361 / Sq Ft
06/27/2014 06/27/14 Sold $1,820,000 -8.8% $329 / Sq Ft
04/28/2014 04/28/14 Price Changed $1,995,000 -0.3% $361 / Sq Ft
03/31/2014 03/31/14 Price Changed $2,000,000 -9.1% $362 / Sq Ft
12/18/2013 12/18/13 Price Changed $2,200,000 -10.2% $398 / Sq Ft
09/23/2013 09/23/13 For Sale $2,450,000 -- $443 / 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 $7,969 $145,755 -- --
2024 $8,379 $138,814 -- --
2023 $8,379 $233,870 $46,770 $187,100
2022 $8,013 $185,160 $37,030 $148,130
2021 $9,156 $178,750 $35,750 $143,000
2020 $9,098 $173,350 $34,670 $138,680
2019 $10,414 $137,020 $27,400 $109,620
2018 $11,771 $156,230 $31,240 $124,990
2017 $10,708 $145,920 $29,180 $116,740
2016 $10,471 $168,720 $33,740 $134,980
2015 $9,905 $168,720 $33,740 $134,980
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6151953

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-036