NOT LISTED FOR SALE

Paradise Valley, AZ 85253

Estimated Value: $2,038,000 - $8,562,900

8.76 Acres
$704,448 Price per Acre
381,586 Sq Ft Lot

Last Sold December 30, 2016

Last sale price $1,500,000 $92 Per Sq Ft

Est. 324% increase in value since last sale

Current estimated payment $34,158/month

72 Days on Market

Highlights

  • City Lights View
  • 8.76 Acre Lot
  • Cul-De-Sac
  • Kiva Elementary School Rated A
  • No HOA
  • Property is near a preserve or public land

About This Lot

As of December 2016

This breathtaking lot sits perched atop Mummy Mountain. Truly the best location in Arizona! It’s ready for the buyer who wants only the best. With exquisite 360 degree views that reach as far as the eye can see, one can simply envision enjoying gorgeous Arizona evenings overlooking our beautiful city. This location offers an unparalleled lifestyle and encompasses 8 ¾ acres of land with a 10,000 square foot pad ready for some lucky owner to build their ultimate dream home!

Last Agent to Sell the Property

Robert Joffe

Compass License #BR029057000 Listed on: 09/12/2016

Compass

Co-Listed By

Jonathan Friedland

Compass

Last Buyer's Agent

Robert Joffe

ARJ Investments LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,180

Lot Details

  • 8.76 Acre Lot
  • Cul-De-Sac

Property Views

  • City Lights
  • Mountain

Schools

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

Community Details

  • No Home Owners Association
  • Club Estates 2 Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 169-55-021-U

Property Details

Property Type

Land

Est. Annual Taxes

$23,180

Lot Details

8.76 Acres

Listing Details

  • Cross Street: Lincoln Dr and 60th Street
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, On Site Imp Needed, Prelim Eng Needed
  • Topography: {"Gentle Sloping":true,"Hillside":true}
  • Zoning: RES
  • Tax Year: 2015
  • Horses: No
  • Lot Size Acres: 8.76
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: CLUB ESTATES 2
  • Tax Parcel Letter: U
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Cul-De-Sac, City Light View(s), Mountain View(s), Borders Pres/Pub Lnd
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 381776.0
  • Additional Parcels: No
  • Parcel #: 169-55-021-U
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 23180.0
  • Tax Book Number: 169.00
  • Tax Lot: TBD
  • Tax Map Number: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
3909 Club Circle Llc
Bought by
5850 Llc
Current Estimated Value
$6,365,272

Purchase Details

Closed on
Aug 23, 2023
Sold by
3909 Club Circle Llc
Bought by
5850 Llc

Purchase Details

Closed on
May 10, 2023
Sold by
Az Mummy Mountain Llc
Bought by
3909 Club Circle Llc

Purchase Details

Closed on
May 2, 2023
Sold by
Az Mummy Mountain Llc
Bought by
3909 Club Circle Llc

Purchase Details

Closed on
Jul 6, 2021
Sold by
Steilloop Llc
Bought by
Az Mummy Mountain Llc

Purchase Details

Closed on
Nov 13, 2018
Sold by
Mummy Mountain Holdings Llc
Bought by
Steilloop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 5, 2018
Sold by
Hovey David
Bought by
Mummy Mountain Holdings Llc

Purchase Details

Listed on
Sep 12, 2016
Closed on
Dec 29, 2016
Sold by
Mummy Lenders Llc
Bought by
Hovey David
Seller's Agent
Robert Joffe
Compass
Buyer's Agent
Robert Joffe
Compass
List Price
$1,995,000
Sold Price
$1,500,000
Premium/Discount to List
-$495,000
-24.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%
Original Mortgage
$1,250,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 2010
Sold by
Ml Servicing Co Inc
Bought by
Mummy Lenders Llc

Purchase Details

Closed on
Oct 25, 2007
Sold by
Mummy 8 Llc
Bought by
Mummy Lenders Llc

Purchase Details

Closed on
Nov 15, 2005
Sold by
River Investments Llc
Bought by
Mummy 8 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2005
Sold by
Perlstein Cheryl D
Bought by
River Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2001
Sold by
River Investments Inc
Bought by
River Investments Llc

Purchase Details

Closed on
Mar 4, 1997
Sold by
Dumas J R
Bought by
Dumas D G

Purchase Details

Closed on
Feb 19, 1997
Sold by
River Investments Inc
Bought by
Dumas D G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
5850 Llc -- None Listed On Document
5850 Llc -- None Listed On Document
3909 Club Circle Llc $1,300,000 First American Title Insurance
3909 Club Circle Llc $1,300,000 First American Title Insurance
Az Mummy Mountain Llc $200,000 None Listed On Document
Steilloop Llc $200,000 First American Title
Mummy Mountain Holdings Llc $1,456,000 First American Title
Hovey David $1,500,000 Stewart Title Arizona Agency
Mummy Lenders Llc $75,000 Chicago Title Insurance Comp
Mummy Lenders Llc $3,715,429 Magnus Title Agency
Mummy 8 Llc $2,750,000 Chicago Title Insurance Co
River Investments Llc $800,000 First American Title Ins Co
River Investments Llc -- Century Title Agency
Dumas D G -- First American Title
Dumas D G $416,518 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steilloop Llc $200,000
Previous Owner Hovey David $1,250,000
Previous Owner Mummy 8 Llc $2,750,000
Closed Mummy 8 Llc $151,773
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $1,500,000 -24.8% $92 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $1,995,000 -- $122 / 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 $16,805 $273,270 $273,270 --
2024 $20,226 $332,246 $332,246 --
2023 $20,226 $316,425 $316,425 $0
2022 $24,799 $724,845 $724,845 $0
2021 $26,363 $660,315 $660,315 $0
2020 $26,194 $741,120 $741,120 $0
2019 $25,289 $665,055 $665,055 $0
2018 $24,350 $643,545 $643,545 $0
2017 $23,393 $450,000 $450,000 $0
2016 $22,904 $450,000 $450,000 $0
2015 $23,180 $292,000 $292,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Joffe

    Seller's Agent in 2016

    Robert Joffe

    Compass

    (602) 989-8300

    27 in this area

    247 Total Sales

    Robert Joffe
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jonathan Friedland

    Compass

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496191

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-55-021U

Arizona Maricopa County Paradise Valley

85253

Not Listed for Sale

Lots

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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