5901 E Edward Ln Paradise Valley, AZ 85253
Paradise Valley Neighborhood
7
Beds
12
Baths
14,624
Sq Ft
2.45
Acres
Highlights
- Guest House
- Tennis Courts
- Gated Parking
- Kiva Elementary School Rated A
- Heated Lap Pool
- 2.45 Acre Lot
About This Home
As of August 2024Stately real estate located in one of the most expensive neighborhoods in the state of Arizona.
This stately residence, custom built on 2.5 acres of flat land, offers expansive views of iconic Camelback Mountain, Mummy Mountain, and the Phoenix Mountain Preserve.
Constructed with block, steel, and wood, with no expense spared - quality inside and out was of the utmost importance.
This 7 Bedrooms, 12 Bathroom estate, offers world-class amenities and an 11-car motor court and show garage.
The grounds, security, and privacy, can only be appropriately conveyed by experiencing the property.
Stately real estate like this, rarely becomes available, and always sells fast!
Do not miss out on this rare opportunity to own a piece of paradise in Paradise Valley, Arizona
Last Agent to Sell the Property
Realty ONE Group Brokerage Phone: 480-788-7556 License #SA640957000 Listed on: 08/20/2024
Last Buyer's Agent
Joshua Peters
Compass License #SA640957000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $53,106
Year Built
- Built in 2007
Lot Details
- 2.45 Acre Lot
- Cul-De-Sac
- Wrought Iron Fence
- Block Wall Fence
- Artificial Turf
- Misting System
- Front and Back Yard Sprinklers
- Sprinklers on Timer
- Private Yard
- Grass Covered Lot
Parking
- 11 Car Garage
- 20 Open Parking Spaces
- Electric Vehicle Home Charger
- Garage ceiling height seven feet or more
- Heated Garage
- Garage Door Opener
- Circular Driveway
- Gated Parking
Home Design
- Block Exterior
- Stone Exterior Construction
- Stucco
Interior Spaces
- 14,624 Sq Ft Home
- 1-Story Property
- Wet Bar
- Central Vacuum
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- ENERGY STAR Qualified Windows with Low Emissivity
- Tinted Windows
- Roller Shields
- Wood Frame Window
- Solar Screens
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Mountain Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Microwave
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Fireplace in Primary Bedroom
- Two Primary Bathrooms
- Primary Bathroom is a Full Bathroom
- 12 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bidet
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Home Security
- Security System Owned
- Intercom
- Smart Home
Pool
- Heated Lap Pool
- Heated Spa
- Play Pool
- Diving Board
Outdoor Features
- Tennis Courts
- Balcony
- Covered patio or porch
- Outdoor Fireplace
- Fire Pit
- Outdoor Storage
- Built-In Barbecue
- Playground
Additional Homes
- Guest House
Schools
- Kiva Elementary School
- Mohave Middle School
- Saguaro High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Water Purifier
- High Speed Internet
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 169-42-004
Community Details
Overview
- No Home Owners Association
- Association fees include no fees
- Built by Mountain Shadows Custom Homes
- Tilyou Ranchito Lot 7 14 Subdivision
Recreation
- Sport Court
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 20, 2024
Closed on
Sep 26, 2024
Sold by
Williams Vance and Williams Amanda
Bought by
Custom Built Homes Llc
Seller's Agent
Josh Peters
Realty ONE Group
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$20,000,000
Sold Price
$20,975,000
Premium/Discount to List
$975,000
4.88%
Total Days on Market
0
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,692,724
Avg. Annual Appreciation
-49.90%
Original Mortgage
$8,000,000
Interest Rate
6.49%
Mortgage Type
Construction
Purchase Details
Listed on
Aug 20, 2024
Closed on
Aug 27, 2024
Sold by
Happily Ever After In Arizona Llc
Bought by
Williams Vance and Williams Amanda
Seller's Agent
Josh Peters
Realty ONE Group
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$20,000,000
Sold Price
$20,975,000
Premium/Discount to List
$975,000
4.88%
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
6.49%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 5, 2021
Sold by
Matson Melissa
Bought by
Matson Mark E
Purchase Details
Closed on
Dec 21, 2017
Sold by
Matson Mark and Matson Melissa
Bought by
Matson Mark E and Matson Melissa K
Purchase Details
Listed on
Nov 8, 2016
Closed on
Jan 19, 2017
Sold by
Archer Scott T
Bought by
Happily Ever After In Arizona Llc
Seller's Agent
Robert Joffe
Compass
Buyer's Agent
Jay Pennypacker
The Noble Agency
List Price
$13,500,000
Sold Price
$12,750,000
Premium/Discount to List
-$750,000
-5.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.68%
Original Mortgage
$7,000,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2013
Sold by
Archer Scott T and Archen Carolyn E
Bought by
Archer Scott T and Archer Carolyn E
Purchase Details
Closed on
Feb 9, 2004
Sold by
Ganter Cynthia S
Bought by
Archer Scott T and Archer Carol E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
5.82%
Mortgage Type
New Conventional
Similar Homes in Paradise Valley, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $20,975,000 | Premier Title Agency | |
| Warranty Deed | -- | Wfg National Title Ins Co | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $12,750,000 | Stewart Title Arizona Agency | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $2,125,000 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $8,000,000 | Construction | |
| Previous Owner | $5,934,000 | New Conventional | |
| Previous Owner | $6,000,000 | Credit Line Revolving | |
| Previous Owner | $6,000,000 | New Conventional | |
| Previous Owner | $7,000,000 | New Conventional | |
| Previous Owner | $5,000,000 | Unknown | |
| Previous Owner | $4,500,000 | Construction | |
| Previous Owner | $1,700,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2024 08/28/24 | Sold | $20,975,000 | +4.9% | $1,434 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 08/20/2024 08/20/24 | For Sale | $20,000,000 | +56.9% | $1,368 / Sq Ft |
| 01/20/2017 01/20/17 | Sold | $12,750,000 | -5.6% | $901 / Sq Ft |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- |
| 11/08/2016 11/08/16 | For Sale | $13,500,000 | -- | $954 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $53,857 | $926,341 | -- | -- |
| 2024 | $53,106 | $882,230 | -- | -- |
| 2023 | $53,106 | $1,017,200 | $203,440 | $813,760 |
| 2022 | $50,918 | $819,650 | $163,930 | $655,720 |
| 2021 | $54,166 | $776,450 | $155,290 | $621,160 |
| 2020 | $53,816 | $762,520 | $152,500 | $610,020 |
| 2019 | $51,936 | $691,250 | $138,250 | $553,000 |
| 2018 | $53,525 | $704,400 | $140,880 | $563,520 |
| 2017 | $51,861 | $706,810 | $141,360 | $565,450 |
| 2016 | $50,764 | $644,610 | $128,920 | $515,690 |
| 2015 | $50,102 | $638,700 | $127,740 | $510,960 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2024
Josh Peters
Realty One Group
-
J
Buyer's Agent in 2024
Joshua Peters
Compass
-
M
Buyer Co-Listing Agent in 2024
Monroe Zuber
Realty One Group
-
R
Seller's Agent in 2017
Robert Joffe
Compass
-
J
Seller Co-Listing Agent in 2017
Jonathan Friedland
Compass
-
J
Buyer's Agent in 2017
Jay Pennypacker
The Noble Agency
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6746374
APN: 169-42-004
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.
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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