NOT LISTED FOR SALE

5750 E Quartz Mountain Rd Paradise Valley, AZ 85253

Estimated Value: $3,524,000 - $4,849,000

5 Beds
4.5 Baths
5,645 Sq Ft
$778/Sq Ft Est. Value

Sale Details

Date 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 $24,766 / mo

100 Days on Market

Highlights

  • Guest House
  • Gated with Attendant
  • Two Primary Bedrooms
  • Kiva Elementary School Rated A
  • Heated Spa
  • City Lights View

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

  • 43,065 Sq Ft Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Sprinklers on Timer
  • Hillside Location
  • Private Yard

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

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
  • Breakfast Room
  • Formal Dining Room

Kitchen

  • Walk-In Pantry
  • Built-In Oven
  • Gas Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal
  • Reverse Osmosis System

Flooring

  • Carpet
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Double Vanity
  • Bidet
  • Private Water Closet
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • North or South Exposure

Pool

  • Heated Spa
  • Private Pool
  • Above Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Additional Homes

  • Guest House
  • Separate Entry Quarters

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Multiple Phone Lines
  • 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

0.99 Acres

HOA Fees

$625 per month

Parking

3

Listing Details

  • Cross Street: Scottsdale Road and Cheney Drive
  • Property Type: Residential
  • Ownership: Fee Simple
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 625.0
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2018
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2018
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.99
  • Subdivision Name: LA PLACE DU SOMMET LOTS 1 THROUGH 31 & TRACT A TH
  • Architectural Style: Spanish, Contemporary, Santa Barbara/Tuscan
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 438.35
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Stone, Tile
  • Basement YN: No
  • Spa Features: Private, Above Ground, Heated
  • Appliances: Dishwasher, Disposal, Refrigerator, Gas Cooktop, Microwave, Reverse Osmosis, Washer, Dryer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Master Bedroom, Two Way Fireplace, Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Full Bth Master Bdrm, Separate Shwr & Tub, Double Vanity, Tub with Jets, Bidet, Pantry, Kitchen Island, Walk-in Pantry, Granite Counters, High Speed Internet, 9+ Flat Ceilings, Central Vacuum, Wet Bar
  • Living Area: 5645.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane, Mechanical Sun Shds

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Natural Gas
  • Laundry Features: Inside
  • Security: Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public, Pvt Water Company

Condo/Co-op/Association

  • Community Features: Guarded Entry, Gated
  • Association Fee: 1875.0
  • Association Fee Frequency: Quarterly
  • Association Name: La Place Du Sommet
  • Phone: 602-861-5980
  • Association: Yes

Association/Amenities

  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 0.5
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:HOA Management Company: Desert Realty Mgmt.
  • Association Fees:HOA Management Phone: 602-861-5980

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

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 9098.0
  • Tax Book Number: 169.0
  • Tax Lot: 31
  • Tax Map Number: 2.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2021
Sold by
Karbassi Family Trust and Masoud Karbassi
Bought by
Karbassi Masoud and Karbassi Laden
Current Estimated Value
$4,391,577

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
$358,006
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,033,571

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
11.83%

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 5, 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
10.50%
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 Arizona Territory
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
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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
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 W $975,000
Previous Owner Estrada Martha C $1,365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

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 $8,364 $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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6151953

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-036

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