$1,820,000
SOLD JUN 27, 2014
5 Beds
4.5 Baths
5,531 Sq Ft
0.99 Acres

Recently Sold

$329 Per Sq Ft

26% Below List Price

234 Days on Market

Highlights

  • Guest House
  • Private Pool
  • 0.99 Acre Lot
  • Kiva Elementary School Rated A
  • Sitting Area In Primary Bedroom
  • Mountain View

About This Home

As of March 2021

Don’t miss this exquisite offering because hillside homes like this one are rare. This exclusive estate on one of the highest points in Paradise Valley has a view out over Scottsdale towards the Superstition Mountains. From the front entrance with its pond and waterfall feature, to the huge master retreat with an expansive walk-in closet, this home has it all. Inside, dramatic ceilings and walls of glass frame the view in every room, including the gourmet kitchen, sunken living room, and large family room. Other amenities include three bedrooms and three and a half baths in the main house, an attached guest casita with full kitchen and its own patio area, an office with a separate entrance, a built-in outdoor gas grill and a pool with a cascading water feature. An in-wall vacuum system, a three-car garage and a new irrigation system are included with this low-maintenance property located in a community with a guarded gate.

Last Agent to Sell the Property

Christopher Karas

Compass License #SA555869000 Listed on: 09/23/2013

Compass

Co-Listed By

Jenifer Agha

Russ Lyon Sotheby's International Realty License #SA624131000

Last Buyer's Agent

Thomas Osterman

Realty Executives License #BR007233000

Realty Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,649

Year Built

  • Built in 1997

Lot Details

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

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,531 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • 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

Outdoor Features

  • Private Pool
  • Balcony
  • Covered patio or porch

Additional Homes

  • Guest House

Schools

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

Utilities

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

Community Details

  • Property has a Home Owners Association
  • La Place Du Sommet Association
  • Built by CUSTOM
  • La Place Du Sommet Subdivision

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,649

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Scottsdale Road and Cheney Drive
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 553.11
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1997
  • Tax Year: 2012
  • Directions: West on Cheney Dr; south on Hummingbird; west to La Place Du Sommet Guard house.
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.99
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: La Place Du Sommet
  • Efficiency: Other (See Remarks), Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 1659.35
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Spa Features: None
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: 2 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Mstr Bdrm Sitting Rm, Walk-In Closet(s), Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 5531.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Fireplace:_two_ Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Management
  • 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 Transfer Fee2: 175.0
  • 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 _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Phone: Desert Realty
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Middle Or Junior School: Mohave Middle School

Lot Info

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

Building Info

  • Builder Name: CUSTOM

Tax Info

  • Tax Annual Amount: 8649.0
  • 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
234
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

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Range of Values:

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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
Warranty Deed -- American Title Company
Warranty Deed $2,474,500 Chicago Title Agency Inc
Warranty Deed -- Stewart Title
Interfamily Deed Transfer -- None Available
Warranty Deed $1,850,000 Fidelity National Title Agen
Interfamily Deed Transfer -- Great American Title Agency
Warranty Deed $1,820,000 Great American Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Cash Sale Deed $1,550,000 First American Title
Cash Sale Deed $180,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $400,000 Credit Line Revolving
Previous Owner $975,000 New Conventional
Previous Owner $1,348,250 New Conventional
Previous Owner $1,365,000 New Conventional
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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5003494

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-036