NOT LISTED FOR SALE

6500 E Cheney Dr Paradise Valley, AZ 85253

Estimated Value: $6,597,000 - $6,939,807

7 Beds
6.5 Baths
7,926 Sq Ft
$855/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $5,350,000 $675 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $36,828/month

3 Days on Market

Highlights

  • Heated Spa
  • 1.84 Acre Lot
  • Mountain View
  • Kiva Elementary School Rated A
  • Two Primary Bathrooms
  • Fireplace in Primary Bedroom

About This Home

As of May 2022

Ultra rare, almost 2 flat professionally landscaped acres on prestigious Cheney Drive. Enter the gated property down a 200ft tree lined driveway to motor court. Awaiting your pleasure is a 7926 sf Santa Barbara style estate home boasting 7 bedrooms with walk-closets and 6.5 baths, huge home theatre room with fireplace to cozy up that that special date night at home. Two laundry centers both up and down for added convenience. Both office and master bedroom have walled private courtyards. This home offers 3 upper balconies to take in the city lights and mountain views. Gourmet kitchen perfect for showcasing your culinary skills. Don't miss this one of a kind estate!

Listing agent related to owner The luxurious kitchen is equipped w/everything the aspiring chef needs, ample cabinetry, granite counters & backsplash, a walk-in pantry, SS appliances such as a dual wall oven, and an island w/breakfast bar. Quaint den perfect for an office! Not one but two primary bedrooms, each one featuring its own private outdoor access, walk-in closet, and lavish ensuite. Furthermore, the largest one also includes vaulted ceilings w/exposed wood beams as well as a 2nd fireplace! Upstairs you'll find a cozy loft w/soft carpet, where you can sit back and enjoy a relaxing evening. Other bedrooms include their own walk-in closets and private balconies! Large washing room w/storage cabinets & utility sink. The wonderful backyard includes a covered patio, additional sitting areas, and a sparkling blue pool/spa combo w/a fabulous stone waterfall! This is the opportunity of a lifetime, don't let it slip by and schedule a showing today!

Last Agent to Sell the Property

John Risi

HomeSmart License #BR633737000 Listed on: 04/01/2022

Last Buyer's Agent

Robert Berro

HomeSmart License #SA028953000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,469

Year Built

  • Built in 1993

Lot Details

  • 1.84 Acre Lot
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Private Yard
  • Grass Covered Lot

Parking

  • 6 Car Direct Access Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 7,926 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Kitchen Updated in 2022
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Floors Updated in 2022
  • Carpet
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Bathroom Updated in 2022
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 6.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Kiva Elementary School
  • Mohave Middle School

Utilities

  • Cooling System Updated in 2022
  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 174-44-001-A

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by MDF Development

Recreation

  • Sport Court
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,469

Year Built

Built in 1993

Lot Details

0

Parking

6

Listing Details

  • Cross Street: Lincoln Dr & 68th St
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2022
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2022
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2022
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2022
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2005
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2005
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2013
  • Updated Wiring: Full
  • Items Updated Wiring Yr Updated: 2005
  • Parking Spaces Total Covered Spaces: 6.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1993
  • Spa Private: Yes
  • Tax Year: 2021
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.84
  • Subdivision Name: METES & BOUNDS
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 674.99
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Stone, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Total Bedrooms: 7
  • Fireplace Features: 2 Fireplace, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 7926.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony, Private Yard, Sport Court(s)
  • Lot Features: Corner Lot, Desert Back, Desert Front, Grass Front, Grass Back
  • Pool Features: Heated, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sport Court(s): Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Garage Door Opener, Direct Access, Circular Driveway, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Circular Drive: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 79978.0
  • Parcel #: 174-44-001-A

Building Info

  • Builder Name: MDF Development

Tax Info

  • Tax Annual Amount: 16469.0
  • Tax Book Number: 174.00
  • Tax Lot: -
  • Tax Map Number: 44.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2021
Sold by
Iacona Fernando and Iacona Patricia
Bought by
Rc Patriots Llc
Current Estimated Value
$6,776,269

Purchase Details

Closed on
Mar 30, 2015
Sold by
Iacona Fernando
Bought by
Iacona Family Living Trust

Purchase Details

Listed on
Dec 21, 2013
Closed on
Oct 14, 2014
Sold by
Guidera Paul M
Bought by
Iacona Fernando and Iacona Patricia
Seller's Agent
Bobby Lieb
HomeSmart
Buyer's Agent
Walt Danley
Local Luxury Christie's International Real Estate
List Price
$2,000,000
Sold Price
$1,825,000
Premium/Discount to List
-$175,000
-8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%
Original Mortgage
$1,277,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2003
Sold by
Alexander Gary F
Bought by
Guidera Paul M and Guidera Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 1998
Sold by
Colby David H
Bought by
Alexander Gary F and Alexander Sandra C
Source: Public Records
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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
Rc Patriots Llc $3,200,000 Chicago Title Agency Inc
Iacona Family Living Trust -- None Available
Iacona Fernando $1,825,000 Fidelity Natl Title Agency
Guidera Paul M $1,025,000 Title Partners Phoenix Llc
Alexander Gary F -- --
Colby David H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iacona Fernando $1,277,500
Previous Owner Guidera Paul M $768,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2022 05/04/22 Sold $5,350,000 +7.0% $675 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $4,999,950 +174.0% $631 / Sq Ft
10/15/2014 10/15/14 Sold $1,825,000 -8.8% $230 / Sq Ft View Prior Sale
08/24/2014 08/24/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $2,000,000 +9.6% $252 / Sq Ft
07/15/2014 07/15/14 Off Market $1,825,000 -- --
05/13/2014 05/13/14 Price Changed $2,000,000 -8.5% $252 / Sq Ft
05/07/2014 05/07/14 Price Changed $2,185,000 -11.7% $276 / Sq Ft
03/16/2014 03/16/14 Price Changed $2,475,000 -4.8% $312 / Sq Ft
01/22/2014 01/22/14 Price Changed $2,600,000 -5.5% $328 / Sq Ft
12/21/2013 12/21/13 For Sale $2,750,000 -- $347 / 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 $17,155 $288,707 -- --
2024 $16,138 $274,959 -- --
2023 $16,138 $323,220 $64,640 $258,580
2022 $15,456 $256,080 $51,210 $204,870
2021 $16,469 $237,520 $47,500 $190,020
2020 $17,919 $247,010 $49,400 $197,610
2019 $17,368 $236,420 $47,280 $189,140
2018 $17,893 $244,560 $48,910 $195,650
2017 $17,166 $245,080 $49,010 $196,070
2016 $16,794 $225,050 $45,010 $180,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6377314

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-44-001A