NOT LISTED FOR SALE

5959 E Hummingbird Ln Unit 1 Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $7,084,000 - $11,492,493

2.59 Acres
$3,417,905 Price per Acre
112,820 Sq Ft Lot

Last Sold March 13, 2015

Last sale price $1,200,000

Est. 638% increase in value since last sale

Current estimated payment $52,264/month

59 Days on Market

Highlights

  • City Lights View
  • 2.59 Acre Lot
  • No HOA
  • Kiva Elementary School Rated A
  • Hilly Lot

About This Lot

As of March 2015

***Evaluating offers from $1,495,000 - $1.695,000*** This excavated lot on Mummy Mountain is a remarkable opportunity for someone looking to Invest in US Real Estate or Build the Luxury Estate of their Dreams. The current owners have over $5 Million invested, but are motivated to sell quickly so they have agreed to a huge price reduction. This area of Paradise Valley is surrounded by Mummy Mountain on 3-sides so it is one of the quietest areas in the town. You must walk the property to truly appreciate the Mountain Views by day and the Spectacular City Lights at night. Plans for an Elegant Luxury Estate from renowned Architect Mark Fredstrom are included at no charge.

Last Listed By

Michael Hankerson

Luxury Division License #BR648768000 Listed on: 01/03/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,519

Year Built

  • 2017

Lot Details

  • 2.59 Acre Lot
  • Hilly Lot
  • Property is zoned R-43

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Chaparral High School

Community Details

  • No Home Owners Association
  • Mummy Mountain Park Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 169-02-004-R

Property Details

Property Type

Land

Est. Annual Taxes

$9,519

Year Built

2017

Lot Details

0

Listing Details

  • Cross Street: Mockingbird & Hummingbird
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Plans Available, On Site Imp Needed
  • Topography: Hillside
  • Zoning: R-43
  • Tax Year: 2014
  • Directions: West on Hummingbird for about 1 mile to property on left
  • Horses: No
  • Lot Size Acres: 2.59
  • Road Surface Type: Asphalt
  • Subdivision Name: Mummy Mountain Park
  • Tax Parcel Letter: R
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2017

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: None
  • Lot Features: City Light View(s), Mountain View(s), North/South Exp
  • Disclosures: Appraisal
  • Other Structures: Other, See Remarks

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kiva Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 122725.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 169-02-004-R
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9518.52
  • Tax Book Number: 169.00
  • Tax Lot: 1
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2021
Sold by
Elwell Dennis L and Elwell Candy
Bought by
Gibbons Dale
Total Days on Market
59
Current Estimated Value
$8,852,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,560,000
Outstanding Balance
$4,168,576
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$5,285,690

Purchase Details

Listed on
Jan 3, 2015
Closed on
Mar 4, 2015
Sold by
Mueller James F and Mueller Susan L
Bought by
Elwell Dennis L and Elwell Candy
Seller's Agent
Michael Hankerson
Luxury Division
Buyer's Agent
Michael Hankerson
Luxury Division
List Price
$1,799,995
Sold Price
$1,200,000
Premium/Discount to List
-$599,995
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.38%

Purchase Details

Closed on
May 26, 2005
Sold by
Chalpin Family Enterprises Lp
Bought by
Mueller James F and Mueller Susan L

Range of Values:

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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
Gibbons Dale $7,600,000 Magnus Title Agency Llc
Elwell Dennis L $1,200,000 Equity Title Agency Inc
Mueller James F $1,400,000 Tsa Title Agency
Chalpin Family Enterprises Lp -- Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbons Dale $4,560,000
Closed Gibbons Dale $4,560,000
Previous Owner Mueller James F $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2015 03/13/15 Sold $1,200,000 -33.3% --
03/03/2015 03/03/15 Pending -- -- --
01/03/2015 01/03/15 For Sale $1,799,995 -- --
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 $32,571 $564,254 -- --
2024 $32,896 $537,385 -- --
2023 $32,896 $773,200 $154,640 $618,560
2022 $31,531 $716,800 $143,360 $573,440
2021 $34,157 $672,730 $134,540 $538,190
2020 $33,939 $716,960 $143,390 $573,570
2019 $32,766 $598,780 $119,750 $479,030
2018 $22,172 $159,765 $159,765 $0
2017 $9,786 $155,475 $155,475 $0
2016 $9,581 $156,885 $156,885 $0
2015 $9,697 $134,752 $134,752 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Hankerson

    Seller's Agent in 2015

    Michael Hankerson

    Luxury Division

    (602) 770-7205

    3 in this area

    23 Total Sales

    Michael Hankerson
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5216141

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-02-004R

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

5959 E Hummingbird Ln Unit 1, Paradise Valley, AZ

Homes for Sale in Paradise Valley, AZ

This home is located at 5959 E Hummingbird Ln Unit 1, Paradise Valley, AZ 85253 since 03 January 2015 and is currently estimated at $8,852,373. This property was built in 2017. 5959 E Hummingbird Ln Unit 1 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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