$2,474,500
SOLD MAR 24, 2021

5750 E Quartz Mountain Rd Paradise Valley, AZ 85253

5 Beds
4.5 Baths
5,645 Sq Ft
0.99 Acres

Recently Sold

$438 Per Sq Ft

1% Below List Price

100 Days on Market

Highlights

  • Guest House
  • Gated with Attendant
  • Mountain View
  • Kiva Elementary School Rated A
  • Heated Spa
  • Fireplace in Primary Bedroom

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

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
  • Mountain Views

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

  • Central Air
  • 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 Residence
  • 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
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: 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: VirtualTour

Interior Features

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

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Private Street(s), Private Yard
  • Lot Features: Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • 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: Garage Door Opener, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • 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, Guarded Entry
  • 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

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
Current Estimated Value
$4,317,891

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
$363,490
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,071,881

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
13.91%

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
11.53%
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

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
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: 6151953

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-036