NOT LISTED FOR SALE

5877 N Granite Reef Rd Unit 1105 Scottsdale, AZ 85250

Indian Bend Neighborhood

Estimated Value: $237,000 - $253,000

1 Bed
1 Bath
680 Sq Ft
$262/mo HOA Fee

Last Sold May 01, 2023

Last sale price $229,000 $337 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,641/month

4 Days on Market

Highlights

  • Fitness Center
  • Spanish Architecture
  • Community Pool
  • Pueblo Elementary School Rated A
  • Granite Countertops
  • Tennis Courts

About This Home

As of May 2023

Lets go!!! First floor!! The perfect affordable Scottsdale condo just landed in your lap, actually this seller decided to sell two of them, yes what a dream come true for investors in town for Spring training, empty nesters or first time buyers that want the prime location near OldTown Scottsdale, baseball, freeway access and more. The turnkey condition will impress all your friends and family and wow your renters with access to community pool, tennis and some of the best eateries and shopping near Scottsdale Fashion Square. This hip, slick and cool complex is really well managed and typically has a long waiting list to get in. Lets go!!!

Last Agent to Sell the Property

David Rucker

Elite Partners License #BR029608000 Listed on: 03/29/2023

Co-Listed By

Jessica Curtis

Elite Partners License #SA677076000

Last Buyer's Agent

Christine Nelson

Re/Max Fine Properties License #SA676503000

Re/Max Fine Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $512

Year Built

  • Built in 1980

Lot Details

  • Two or More Common Walls
  • Block Wall Fence
  • Front Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $262 Monthly HOA Fees

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 680 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Unit is below another unit

Listing and Financial Details

  • Tax Lot 1105
  • Assessor Parcel Number 173-75-274

Community Details

Overview

  • Association fees include roof repair, sewer, ground maintenance, air conditioning and heating, trash, water
  • Heywood Community Mn Association, Phone Number (480) 820-1519
  • Monterra Scottsdale Residences Condominium Subdivision

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$512

Year Built

Built in 1980

Lot Details

0

HOA Fees

$262 per month

Listing Details

  • Cross Street: McDonald and Granite Reef Rd
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 262.42
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2022
  • Directions: S on Granite Reef Rd to Moterra. Park in front. Unit 1105 faces Granite Reef
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: hagu01
  • Co List Office Phone: 480-998-0110
  • Subdivision Name: MONTERRA SCOTTSDALE RESIDENCES CONDOMINIUM
  • Architectural Style: Spanish
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 262.42
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, No Interior Steps
  • Living Area: 680.0
  • Stories: 2
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Front, Grass Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls, Neighbor Above
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa, Community Spa Htd, Community Pool, Tennis Court(s), Fitness Center
  • Association Fee: 262.42
  • Association Fee Frequency: Monthly
  • Association Name: MONTERRA SCOTTSDALE
  • Phone: 480-820-1519
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 185.5
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: MONTERRA SCOTTSDALE
  • Association Fees:HOA Telephone4: 480-820-1519
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 524.84
  • Association Fees:Disclosure Fees HOA: 183.5
  • Association Fees:Other Fees HOA: 499.0
  • Association Fees:Other Fees Description: see HOA Addendum
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Heywood Community Mn
  • Association Fees:HOA Management Phone: 480-820-1519
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Air CondHeating: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Sewer, Maintenance Grounds, Air Cond/Heating, Trash, Water

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: 665.0
  • Parcel #: 173-75-274

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Tax Annual Amount: 512.0
  • Tax Book Number: 173.00
  • Tax Lot: 1105
  • Tax Map Number: 75.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2023
Closed on
May 1, 2023
Sold by
Sahnas Family Trust
Bought by
Garcia Daniela Rae
Seller's Agent
David Rucker
Elite Partners
Buyer's Agent
Christine Nelson
Re/Max Fine Properties
List Price
$229,900
Sold Price
$229,000
Premium/Discount to List
-$900
-0.39%
Views
4
Current Estimated Value
$243,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,441
Avg. Annual Appreciation
2.58%
Original Mortgage
$222,130
Outstanding Balance
$216,414
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$26,602

Purchase Details

Listed on
Jan 24, 2017
Closed on
Mar 28, 2017
Sold by
Pleasant Run Holdings Llc
Bought by
Sahnas Katherine and Sahnas Family Trust
Seller's Agent
Robert Bullock
Realty Executives
Buyer's Agent
Demitri Sahnas
HomeSmart
List Price
$115,000
Sold Price
$101,000
Premium/Discount to List
-$14,000
-12.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.39%

Purchase Details

Listed on
Jul 3, 2012
Closed on
May 30, 2012
Sold by
Tuhus Mark
Bought by
Sun Mei
Seller's Agent
Robert Bullock
Fathom Realty Elite
Buyer's Agent
Lisa Roberts
Russ Lyon Sotheby's International Realty
Sold Price
$750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%

Purchase Details

Closed on
Jun 13, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tuhus Mark

Purchase Details

Closed on
Mar 11, 2011
Sold by
Murray Erin Marie
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Sep 11, 2007
Sold by
Park Scottsdale Holdings Llc
Bought by
Murray Erin Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.67%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Garcia Daniela Rae $229,000 Arizona Brokers Title
Sahnas Katherine $101,000 First American Title
Sun Mei $67,000 First American Title Ins Co
Tuhus Mark $57,000 Great American Title Agency
Federal Home Loan Mortgage Corp $158,397 Great American Title Agency
Murray Erin Marie $154,050 The Talon Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Daniela Rae $222,130
Previous Owner Pleasant Run Holdings Llc $75,000
Previous Owner Murray Erin Marie $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $229,000 -0.4% $337 / Sq Ft
03/29/2023 03/29/23 For Sale $229,900 +127.6% $338 / Sq Ft
03/31/2017 03/31/17 Sold $101,000 -3.8% $149 / Sq Ft
03/05/2017 03/05/17 Price Changed $105,000 -4.5% $154 / Sq Ft
02/26/2017 02/26/17 Price Changed $110,000 -4.3% $162 / Sq Ft
01/24/2017 01/24/17 For Sale $115,000 0.0% $169 / Sq Ft
08/26/2016 08/26/16 Rented $900 0.0% --
07/11/2016 07/11/16 For Rent $900 +20.0% --
07/19/2012 07/19/12 Rented $750 -6.3% --
07/09/2012 07/09/12 Under Contract -- -- --
07/03/2012 07/03/12 For Rent $800 0.0% --
07/02/2012 07/02/12 Sold $67,000 +3.1% $99 / Sq Ft
05/28/2012 05/28/12 Pending -- -- --
05/19/2012 05/19/12 For Sale $65,000 -- $96 / 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 $636 $8,073 -- --
2024 $451 $7,689 -- --
2023 $451 $16,250 $3,250 $13,000
2022 $512 $12,730 $2,540 $10,190
2021 $544 $11,350 $2,270 $9,080
2020 $539 $10,220 $2,040 $8,180
2019 $521 $9,570 $1,910 $7,660
2018 $504 $8,500 $1,700 $6,800
2017 $483 $7,960 $1,590 $6,370
2016 $473 $6,680 $1,330 $5,350
2015 $451 $5,800 $1,160 $4,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6536664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-75-274