NOT LISTED FOR SALE

5953 N Yucca Rd Unit 3 Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $6,922,000 - $8,976,000

4.44 Acres
$1,806,973 Price per Acre
193,406 Sq Ft Lot

Last Sold September 01, 2022

Last sale price $6,750,000

Est. 19% increase in value since last sale

Current estimated payment $48,258/month

128 Days on Market

Highlights

  • 4.44 Acre Lot
  • Mountain View
  • Level Lot
  • Kiva Elementary School Rated A
  • No HOA

About This Lot

As of September 2022

On the most prominent street of ''Billionaire's Row'', perfectly distanced from Camelback Mountain for superior views versus surrounding lots lies this over four acre parcel complete with two sets of plans. Ultimate privacy on a street of 30 million dollar homes. CP Drewett and Claire Ownby perfectly crafted a kid/ guest centric entertainers paradise. Modern mediterranean meets diligently curated architecture capturing 360 views. A few streets from iconic Sanctuary Resort, Mountain Shadows, the new Ritz Carlton amenities and valley's best golf and restaurants. The sellers have saved a buyer years of planning. Own the best remaining parcel in PV.

Last Agent to Sell the Property

Katrina Barrett

Walt Danley Local Luxury Christie's International Real Estate Brokerage Phone: 520-403-5270 License #BR578628000 Listed on: 02/28/2022

Walt Danley Local Luxury Christie's International Real Estate

Last Buyer's Agent

Katrina Barrett

Walt Danley Local Luxury Christie's International Real Estate Brokerage Phone: 520-403-5270 License #BR578628000 Listed on: 02/28/2022

Walt Danley Local Luxury Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $38,883

Year Built

  • 1960

Lot Details

  • 4.44 Acre Lot
  • Level Lot
  • Property is zoned R175

Schools

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

Additional Features

  • Mountain Views
  • North or South Exposure
  • Private Water Source

Community Details

  • No Home Owners Association
  • Jokake Camelback Properties Tract A Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 172-01-003

Property Details

Property Type

Land

Est. Annual Taxes

$38,883

Year Built

1960

Lot Details

0

Listing Details

  • Cross Street: McDonald and Invergordon
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R175
  • Tax Year: 2021
  • Attribution Contact: 520-403-5270
  • Lot Size Acres: 4.44
  • Subdivision Name: JOKAKE CAMELBACK PROPERTIES TRACT A
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1960

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: North/South Exp
  • View: Mountain(s)
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

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

  • Lot Size: Rectangular
  • Lot Size Sq Ft: 193491.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 172-01-003

Tax Info

  • Tax Annual Amount: 38883.0
  • Tax Book Number: 172.00
  • Tax Lot: 3
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Sep 2, 2022
Sold by
Wollybear Investments Llc
Bought by
Verma Avtar C and Verma Satya P
Seller's Agent
Katrina Barrett
Walt Danley Local Luxury Christie's International Real Estate
Buyer's Agent
Katrina Barrett
Walt Danley Local Luxury Christie's International Real Estate
List Price
$9,500,000
Sold Price
$6,750,000
Premium/Discount to List
-$2,750,000
-28.95%
Total Days on Market
128
Views
13
Current Estimated Value
$8,022,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,272,962
Avg. Annual Appreciation
6.48%
Original Mortgage
$4,050,000
Outstanding Balance
$483,868
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$7,539,094

Purchase Details

Closed on
Mar 4, 2021
Sold by
6100 Palo Verde Llc
Bought by
Wollybear Investments Llc

Purchase Details

Closed on
Mar 15, 2020
Sold by
Gregory Mary Carol Sheets
Bought by
610 Palo Verde Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,460,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2018
Sold by
Sheets Mary Carol and Gregory Mary Carol Sheets
Bought by
Gregory Mary Carol Sheets
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 Buyer Sale Price Title Company
Verma Avtar C $6,750,000 American Title Services
Wollybear Investments Llc $5,400,000 Old Republic Title Agency
610 Palo Verde Llc $4,100,000 Chicago Title Agency
Gregory Mary Carol Sheets -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verma Avtar C $4,050,000
Previous Owner 610 Palo Verde Llc $2,460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $6,750,000 -14.6% --
05/11/2022 05/11/22 Price Changed $7,900,000 -11.2% --
04/09/2022 04/09/22 Price Changed $8,900,000 -6.3% --
02/28/2022 02/28/22 For Sale $9,500,000 -- --
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 $38,664 $657,681 $657,681 --
2024 $38,130 $626,363 $626,363 --
2023 $38,130 $707,580 $707,580 $0
2022 $36,577 $686,010 $686,010 $0
2021 $38,883 $840,120 $840,120 $0
2020 $38,634 $751,140 $751,140 $0
2019 $37,300 $735,885 $735,885 $0
2018 $35,915 $716,940 $716,940 $0
2017 $34,502 $601,905 $601,905 $0
2016 $33,781 $539,610 $539,610 $0
2015 $34,188 $577,520 $577,520 $0
Source: Public Records

Agents Affiliated with this Home

  • Katrina Barrett

    Seller's Agent in 2022

    Katrina Barrett

    Walt Danley Local Luxury Christie's International Real Estate

    (520) 403-5270

    83 in this area

    449 Total Sales

    Katrina Barrett
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6361491

Arizona Regional Multiple Listing Service (ARMLS)

APN: 172-01-003

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5953 N Yucca Rd Unit 3, Paradise Valley, AZ

This home is located at 5953 N Yucca Rd Unit 3, Paradise Valley, AZ 85253 since 28 February 2022 and is currently estimated at $8,022,962. This property was built in 1960. 5953 N Yucca Rd Unit 3 is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro High School.

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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